![Rob Reinike Profile](https://pbs.twimg.com/profile_images/1789805186384314368/3Dr6Xdkh_x96.jpg)
Rob Reinike
@RobReinike
Followers
1K
Following
10K
Statuses
7K
I help people reach their highest potential in business and life by teaching how to master sales and mindset. 20+ yr Stockbroker | B.S. Petro. Engineering
Join my weekly newsletter:
Joined June 2023
My dream job almost ruined my life. And it could ruin yours too. Because there's a huge mistake that everyone overlooks. Here's why you shouldn't take your dream job and what you should do instead: ----------------------------------------------------- I got the "dream job" out of college. I thought life would be smooth sailing from there. I just aced university with a B.S. in engineering. I was hired by one of my state's best engineering firms. The salary was great - but this came with a cost... My autonomy was non-existent: • I had no free time. • I had no fulfilling work. • I didn’t even have windows in my office. So even though I had a 'great job' - on the inside I was dying. So, I knew I needed to make a change... That's when I saw an ad that changed my life. The ad read : "Become a Stockbroker Trainee - Earn 6 figures" I was interested in investing and the markets and it sounded exciting. I mailed them my resume and followed up with 2 phone calls. I wasn't taking no for an answer. They agreed to interview me. I nailed the interview and got an offer. My friends and family told me "This is a high turnover industry, Rob." "Less than 25% of people make it in this business. Pick something more secure.” They meant well, but this constant warning only strengthened my resolve to succeed. Excited about the new possibilities, I left my safe engineering job. My new salary was just a third of my old one. It wasn’t really a salary—just enough to get by until I passed my Series 7 licensing exam and started earning commissions. By day, I cold-called prospects. By night, I studied for the licensing exam. I was calling people in wealthy neighborhoods, following up on fliers my firm had mailed. This was the mid-1990s—no email campaigns, no smartphones, just a landline and Mr. Prospect on the other end. Think Bud Fox from Wall Street, "smilin' and dialin'." The Series 7 exam was tough, like the Bar or CPA exams, so it took a month to study for. When I cold-called prospects, I could not solicit investments. I could only speak in general terms, gauging interest. Despite many hang-ups, over a month of calling, I built a list of potential clients. By then, it was time to take the big test. I scored 85 on my Series 7 and returned to the office ready to conquer. Now I could solicit investments! I could open accounts and get clients! Within a week, I had three new clients and nearly met my $200,000 quota in bond sales. The firm required us to prove ourselves by selling conservative investments – bonds, before we could sell stocks. Soon, I exceeded the quota and began selling stocks and expanding my client base. Fast forward several years, I had a thriving financial advisory practice. I had built a substantial client base and went independent. I guided my clients through the 2000 Dot-com crash. Then the 2008 Great Recession hit - It was brutal! Fortunately, I retained all of my clients and strengthened their trust. These two market crashes drove many advisors out of the business. But my practice grew stronger. In the do-or-die world of Wall Street and making rich people money, I quickly learned what worked and what did not. An iron mindset, unshakeable self-belief in your convictions and commitment to process were required. Without these - YOU WILL FAIL in the investment business. I systematized everything: From mindset, to sales and client acquisition and business management. A few years ago, I started a real estate side hustle, building a six-figure company in just over a year. I did this using the same principles that made me a successful Investment Advisor. I'm excited to bring these principles, along with my experience, to guide others. With the right systems and principles in place, you can achieve business success, own your time, and be your own boss. I'll be sharing all of these principles, plus experiences from my years on Wall Street, in my weekly newsletter. Please consider subscribing. Link in bio. above Thanks for reading!
20
2
78
RT @RobReinike: The key to a good life: Make the right decisions. Take the opportunity when it arises. Know when to take action and when…
0
1
0
@ItsKieranDrew The plane on the runway is slow and burns tons of fuel to get in flight. Once it's flying it burns hardly any.
0
0
0
@AlexHormozi A old rich man was once asked what he'd trade for his money. He said "to be young again". Time is wealth.
0
0
0
@thedankoe One hour a day to benefit the remaining hours. The definition of leveragnig one's activities and time.
0
0
8