The Benefits of Building Wealth in the Insurance Industry
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 14 June 2024
⏱️ 12 minutes
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Summary
Discover how the insurance industry offers unique opportunities for building lasting wealth and securing your financial future.
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
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Transcript
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| 0:00.0 | So somebody listening to this is like dain dude like this dude started insurance |
| 0:05.3 | built a great business |
| 0:08.1 | Exited still in it, you know helping other people do it like why would somebody get in the insurance space to build wealth or build a career, whatever you want to say? |
| 0:19.0 | Barrier to entry is a big thing, you know, like you start, you look at, I actually heard |
| 0:25.1 | it early on the acronym, finance, insurance, real estate. It's kind of like these segments |
| 0:30.2 | of income opportunities where the barrier to entry isn't that high. |
| 0:35.0 | With real estate, you know, if you get into real estate sales the same way you can |
| 0:40.0 | insurance, right? |
| 0:41.0 | But real estate investing can require capital or you know, there's |
| 0:44.9 | contractors, you could have a hundred grand and end up having a deal that gets |
| 0:50.4 | tied up for a while and really strap yourself, right? |
| 0:52.6 | So it's not that, and I invest in real estate, so I totally believe in it. |
| 0:57.6 | But insurance is a way that you can go from the ground up and start building income and then you can use that money to invest in real estate or mutual funds or whatever you want to, right? |
| 1:09.2 | I just think that it's, it is something that so many people avoid getting into |
| 1:16.0 | because of the concept of being an insurance agent and what there's the |
| 1:20.8 | stigma is to them and if they would just quit worrying about being in their head about that stigma and understand the multiple opportunity that in 10 years, for me it's 26 to 36, That was eight years in the Marine Corps. |
| 1:32.8 | Somebody else get into it at 20. |
| 1:34.8 | A lot of these guys that are on social media, |
| 1:36.6 | we were talking about them earlier, like, |
| 1:38.6 | buying 100,000 fake followers and then running ads trying to tell people how to build |
| 1:44.1 | businesses they're 20 years old posted up on a Lamborghini whatever if if they |
| 1:49.0 | would just quit wasting that time and go start in, whatever it is, |
... |
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