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The world can be a monstrous place fraught with hardship and triumph. That’s essentially why self-employment can be so risky and rewarding at the same time. Take individual investing for example. There’s actually no college requirement if anyone wants to become an investment broker, nor is anyone required to start off at a brokerage firm that provides on-site job training. Investment broking is a truly entrepeneurial endeavor encompassing self-employment to a tee.
Generally what investment brokers do are buying and selling stocks, bonds and mutual funds for clients they obtain that have investment needs. How brokers make their living is by charging commissions for the transactions they obtain for their clients. To be exact, there’s no hourly pay, no yearly salary, and definitely no 40-hour-per-week job requirement. Brokers can work however they want to work; but their success is largely defined by their ability to buy or sell these products for their clients. Know that. Remember that.
Moreover, while there isn’t any formal college training, most brokers you’ll find have completed some form of undergraduate degree. Most of the time that degree falls under a finance-related field such as accounting or banking. What that provides to the soon-to-be investment broker is a basic understanding of the finance industry in which he or she will be working. Secondly, it’s crucial to know that most states require licensing among brokers to practice legally. Passing the Series 7 Exam administered by the Financial Industry Regulatory Authority is mandatory–as well as what are known as the Series 63 and Series 65 Exams. So get a bachelor degree at earnmydegree.com, and start studying.
That’s what it takes to go out on your own: hard work and dedication. For most jobs, that’s already a prerequisite. Just know what you’re up against, and you’ll be prepared. That’s the cornerstone to investing in yourself.
