When we were young, most of us were made to write an essay about what we wanted to be when we grow up. I remember the common aspirations were to be a doctor, engineer, Olympic athlete, astronaut, or even a country’s president or prime minister! I don’t believe anyone would have written they want to be a financial adviser when they grow up. Why?
The FAR role has many attraction, among them:
But very few people aspire to be one. It is easy to under why, become there is equally many discouraging factors, such as:
For the same reason (1), there are more employees than businessmen, as most people are not risk-takers. The need for a “stable” income ranks high in most person’s needs, especially when they have heavy responsibilities like a home mortgage and young children to feed.
So who chooses to be a financial adviser?
Of course, anything that is rewarding is usually not easy, if it’s easy, it’s usually not rewarding. This is life’s basic rule. But with good support and mentorship, it can be done, since many people have been successful. But this business is definitely not for everyone, and not for the faint-hearted.
To find out if you are the ONE, click on the link below.
Important: The information and opinions in this article are for general information purposes only. They should not be relied on as professional financial advice. Readers should seek independent financial advice that is customised to their specific financial objectives, situations & needs. This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.
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