After reading and speaking to some business people in my area it seems starting a brokerage that handles financial products can be very fast-lane. For example, I know of a insurance guy who started out as a life insurance agent. Then went on his own building an insurance business with agents under him. He now has a Bentley and Ferrari parked in his driveway. Same goes for mortgages. A guy started out as a loan officer then opened a business as a broker. He Is now making 2 million per year. These story's seem to be everywhere. The same goes for starting investment company's. Look at John Devaney. At one time this guy was making 50 million a year. He started off selling fake watches according to his bio lol. I do not hear many people on this forum talking about these type of business's to start-up. So hopefully this post will open some eyes. Or maybe someone can open mine with some info that I'm missing. It seem there is boat loads of money to be made in finance niches.
My question is has anyone tried this or at least looked into going this route? If so could you tell me more about your findings? I mean think commercial real estate brokerage. The deals are huge. I see loads of residential brokers opening up for business but I do not see many commercial guys opening their own company's.But I see many commercial brokers working for big corporate brokerages. Why is this? It makes no sense ! Is there some kind of catch im missing here?
Thanks for reading. I feel this could be a valuable thread if the right characters respond.
My question is has anyone tried this or at least looked into going this route? If so could you tell me more about your findings? I mean think commercial real estate brokerage. The deals are huge. I see loads of residential brokers opening up for business but I do not see many commercial guys opening their own company's.But I see many commercial brokers working for big corporate brokerages. Why is this? It makes no sense ! Is there some kind of catch im missing here?
Thanks for reading. I feel this could be a valuable thread if the right characters respond.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today