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May 30, 2008 4:47 pm

It wasn’t out of left field, just not an option I’ve discussed on this forum. I’ve been recruited heavily by a friend of mine in a different market to give this a try for awhile now. He knows going in that I’m not planning on making this a long term thing and I’m not going to put my name in any of the ads. I’m going to test the water a bit without leaving my current job, and without turning down any offers from any firms and see if I can make it with some prospecting, and self marketing.  The people I’m going to prospect are going to be a different group then the people I would prospect with a FA job. Assuming I can land one a week for two months it would give me about $8,000-10,000 extra cash after expenses on top of the extra money I’ll be putting in the bank from not doubling up on all my istallment payments. I shouldn’t take too big of a tax hit on that either.

May 30, 2008 5:29 pm

[quote=River_King][quote=new_indy]Go Ice!!!  I guess I can scratch you off the list of possible Jones recruiters…

  As a side question, how do you have a $583 house payment?  Interest only? Some other unique and questionable loan??[/quote] I live in a farming community. I paid $116,000 for my 3 bed 2 and 1/2 bath 1600 square foot house. Only financed $90,000.[/quote]   My house payment is $433/month.  I should just pay it off, but my after-tax effective interest rate is less than 4%...
May 30, 2008 6:27 pm

River_King,

  Immediately, go buy life insurance and long term disability insurance.  You have a wife, a kid, and another one on the way.  You have big dreams for them and you've made promises for them to have a certain lifestyle.  If something happens to you, they are financially screwed.