I had no idea how well people could do for themselves as an advisor. Are many of you millionaires? If so, when did you reach that milestone?

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It took me 8 years in the business. Yes, it feels good but it feels even better to know that you’re doing the right thing for your clients and truly making a difference

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Couldn’t agree more with MP1

It’s all about the passion and motivation in serving others and becoming a student of the game.

I started in the biz age 24. Hit $1 million dollar net worth by age 34 and should hit $3 mil by year end (age 43).

Now it’s about helping other advisors get better and blessing others (stewardship)

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I am most definitely not a millionaire, but I'm 8 years in, making comfortable income, and I love what I do.

Your average advisor is not a millionaire, I think average comp in the industry is a little under six figures. But that I believe encompasses a large variety of "financial advisors"

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I’m a millionaire on paper after 18 years. Probably passed that million dollar paper number 10 years ago.

A million ain’t what it used to be

^^ was going to say it but FA3 got there first. I’m early 30’s and I almost need to be a paper millionaire by this point to be on track for retirement. More of the expectation than a ridiculous achievement. If I live on $300k now, how will I be able to reproduce that over a long retirement with any degree of certainty if I didn’t walk out the door with close to $8M put away JUST for retirement income? Rule of 72 tells me that $1M at 30 should be somewhere in that $8M
range by 60, ignoring my contributions. If nothing else, I think we become wealthy in this industry because we see so many people with unhealthy financial tendencies, we tend to try and help but then take the “I never want to wind up like that” approach for ourselves. Plus, doesn’t look good to be a hypocrite in this biz

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