January 30, 2012

Need to blog

It's almost 1 AM, I can't sleep. The reason I used to blog so much when playing poker is it was a great stress outlet. Either way after a good or bad session it was a great way to unwind and relax. Now I'm back to that point where I need to just get lost in my words. Basically the days since black Friday have been humbling money wise. I had a plan for how 2011 was supposed to go and that was blindsided on April 15th. Deciding to put my degree to work in December of this year I started looking for financial planning jobs.

I immediately heard back from a number of companies and eventually accepted a job from Waddell and Reed. I was filled with all sorts of false optimism. I'm supposed to start today. Early Saturday morning I woke up and couldn't fall back to sleep. Something was bugging me, looking for answers I realized that being a personal financial planner isn't what I want to do. With a due respect to anyone reading in that profession, it seems as though it's much more of a sales job than anything else. While the money is very good if you can get people to invest, it's not something I want to do. The firms hiring seem to take anyone willing to come on that meet certain qualifications and see who sticks. I woke up my lovely girlfriend who was sound a sleep a said "I can't work at W&R". Some people enjoy that sort of thing, but it's just not for me. I emailed my boss tonight and said I have other opportunities I'm going to pursue.

So now, a week before my 26th birthday I have to come up with a new plan. Currently I'm coaching JV boys basketball for a small salary, although I do love it, it's not going to pay the bills. I have a B.S. in Management with a concentration in personal financial planning that's not going to get me too far in the business world, so what now? Well, I'm going to apply to a few local business schools. I had an unrealistic notion as to what my major was going to lead me to. I wanted to crunch numbers and figure out the best investment, I was captivated when I learned about stocks in high school and to a further extent options and futures in college. I want to be a financial analyst, forecaster, etc. I've spent all my life crunching numbers and coming to conclusions based on those calculations in baseball, I want to do the same with finance. I need to apply to business school.

So I have a list of 2 I'm going to apply to. Both are local and very expensive. My pipe dream is to become a graduate assistant at either school with the baseball team which would cut the cost. I'm going to E-mail both coaches tomorrow with a quick rundown of my baseball accomplishments just to try and plant a seed. I also need to start studying for my GMAT's tomorrow in order to get into business schools. However what I most desperately need right now is good advice. My parents and girlfriend have been incredibly supportive and helpful. I have a couple Emails out right now as to what the best course of action is to my finance contacts but for the first time in a long time I have no idea what the next year is going to bring.

I turned 25 with such optimism and now I'm filled with uncertainty. In the mean time I'm going to have to go back to my Dad's store, as well as looking to give baseball hitting and/or catching lessons. However while it's certainly a scary feeling, it comes with incredible optimism. For the first time since April 15, 2011 I'm going to be able to look forward to a future job. It may be blind excitement at this point but there's no reason in trying to make it in a job you don't enjoy especially when it's 100% commission like the one I was supposed to start today is.

So that's my dilema, a lot of uncertainty. Any advice would be appreciated and if poker wants to make its triumphant return, I'd gladly welcome that to help pay for tuition if the GA thing doesn't work out. I know the MBA won't automatically lead to a better job, but it's a step in the right direction.

Hope all is Well,

Mike

----------------------

People often say that motivation doesn't last. Well, neither does bathing – that's why we recommend it daily. ~Zig Ziglar

Posted By bosoxx34 at 06:01 AM

7 Comments

7 Comments:

KingJames_KJ posted on January 30, 2012 at 21:57 PM

Kj

Good luck, Mike


zachd2323 posted on January 30, 2012 at 22:03 PM

Avatar

My brother actually did financial planning for a short while before coming to the same realization as you. Since then, he got his MBA and is now doing investment banking, which he really likes. I think your story is interesting as I'm finding myself in a similar situation. I've played professional baseball (with the Red Sox btw) since 2006 until this last season, and because of injuries may be forced to retire. I have an accounting degree and have also thought about coaching, but not sure I really want to do either. Tough choices. Anyways, best of luck with whatever you do and I hope it works out.


chuck651 posted on January 31, 2012 at 01:37 AM

Hpmonkeyart

Just remember, life goes on. I don't really have any specific advice for you but you seem to be on the right track with trying to become a GA as well as coaching. You seem to have an obvious love for the game of baseball, why not pursue a career by getting involved with a professional team or something like that. I'm sure you've thought of that before and I don't really have any specific advice but I'm sure pro teams have opportunities on the business side of things. Also, I'm curious why you didn't at least try out your new job for at least a couple weeks to see if you'd like it at all. Seems like it would be smart to make sure you would hate it before you email your boss telling him you don't want to work there.


bosoxx34 posted on February 01, 2012 at 14:14 PM

Boston-red-sox-logo

I'd love to pursue a career in baseball, and when I graduate with my MBA, it'll be on my radar.

I didn't try my new job because I had been doing it part time with a smaller firm for the last 8 months and just hated it.


caperbii posted on February 14, 2012 at 21:05 PM

N500990261_6758961_707385

It is definitely a sales job for the first 2 years but if you are doing investments (as opposed to just insurance) you will find that after your clientelle is built, you will be doing what you love. ie. evaluating stocks, analysis, portfolio management, etc. You should be able to find a firm that pays a % of your income as salary though. The firm I work for pays 31,500 salary and then commish on top of that.


SnappieVouz posted on February 15, 2012 at 18:44 PM

Jessica-alba-ass

Hey bossox. I am getting my degree and one of the aspects of my future is job is helping people with making the right choices in their carreer. I have had a traineeship as a study advisor (helping students to find the right education for them)

Add me on skype: snappievouz

Free of charge. You seem like a decent guy and we can always talk through skype.


goldseraph posted on February 16, 2012 at 20:51 PM

Goldseraphfinal

GL man I feel you as far as kind of starting over again. I'm back in college past 30! Kind of sucks being the old guy but I like what I'm working towards now - a degree in Health Services Administration. I'd like to one day help to administrate a hospital or other medical facility. Supposedly it's a great career aside from high stress (which I'm used to as a grinder). IMO get an MBA or a masters in Stats and try to get involved in sports somehow in the business side.


 

Log in or to leave a comment!

About Me

Boston-red-sox-logo

bosoxx34

Archive