Episode Transcript
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Speaker 1 (00:02):
Good morning everyone
.
This is Regina and I'm thepodcast host, based in Charlotte
, north Carolina, and what Ilove to do is talk to local
business owners, and today I amspeaking with Felipe Arana.
He is a financial advisor withPrimerica.
Hey, felipe.
Speaker 2 (00:19):
Hey Regina, How's it
going?
Speaker 1 (00:21):
Oh great, I have so
enjoyed getting to know you over
the last couple weeks and yourstory, your journey.
I think we should start outfirst telling us a little bit
about you and your story, andthen who is Primerica.
Speaker 2 (00:37):
Right, yeah, so I'm a
former corporate worker.
I used to run productionplanning, inventory, control,
logistics, things like that formanufacturing, and I used to
work in Brazil.
So I got this great jobopportunity in the US and I
(00:58):
worked in corporate for a bit,but I was in a changing point in
my career and I was looking forthe next supply chain
opportunity.
But Primerica found me and so Ilearned about.
Primerica is one of thegreatest financial companies in
the US and basically we helppeople get out of debt, become
financially independent and, youknow, help a lot of people
(01:21):
basically.
So you know, I figured if I'mgoing to do a career change, it
might as well be now.
You know there's no best timethan now.
Speaker 1 (01:28):
Yeah, that is quite a
leap.
What I mean?
What drew you to make that kindof change personally, yeah.
Speaker 2 (01:36):
So to be honest with
you, corporate is great, don't
get me wrong.
You know.
But there's some things aboutthe way that things go in
corporate, for example, for youto get like a promotion or
something, you really need yourboss or whoever it is to really
like you to kind of really sellyou or, you know, hold your hand
and go through, and that's kindof limiting, you know.
(01:57):
And so one of the things thatsome people do is they just hop
jobs from one to the next sothey can get a better position,
to get a better salary.
And you know, in prime america,for example, this is totally
different.
Prime america works with results.
So you have like a clear path.
If you want to be promoted, youbasically promote yourself and
it's very clear you have to dothis.
(02:18):
You have to reach that amountof people, those results, and
then you're promoted and thenthen you keep climbing.
You know you don't need peopleto like you necessarily.
That you know that helps, ofcourse, but that's not decisive
of you know if you're going tokeep progressing or not.
That that's one of thedifference about Primerica that
I like.
Speaker 1 (02:38):
So how do you know if
you're a good fit for doing
this kind of work?
Speaker 2 (02:43):
Yeah, so we looking,
uh for people that likes helping
other people.
You know that have a goodreputation and, uh, that are
open to learning a new skill.
They are okay with beinguncomfortable, you know,
learning something new andreally, really, uh, uh,
expanding yourself.
You know, uh, prime america hasa a lot of leadership in
(03:06):
self-development part.
That is very important.
You know we're dealing withpeople, so you need to know a
lot about yourself and know alot about what you're doing.
And that's also really good.
In Primerica, the training, thecoaching.
You know every worker have amentor.
That has been years and yearsin the industry so that you
(03:27):
don't mess up.
You know, so that you haveone-on-one sessions weekly to
you know kind of know the trade,learn the trade and rehearse
and things like that.
So that's really good.
You know the training side ofit is good.
You don't need a financialbackground.
I didn't have one, as I wassaying, but that doesn't matter.
(03:49):
You know you just start fromzero and you're going to learn
how to deal with clients.
And also, one thing that setspro america apart is that you
are also you have the door openif you want to become a business
owner.
So you're going to learn thetrade of financial and how to be
a business owner.
So you know you.
The same way.
You don't have a financial or abusiness owner background, that
(04:11):
doesn't matter.
Primerica will take you therestep-by-step.
Speaker 1 (04:15):
Wow, that's amazing.
So what I'm hearing is thenthere's lots of levels.
You're when you say you guysare looking and recruiting, give
us an example of some of thosetitles, some of those positions.
Speaker 2 (04:29):
Yeah, yeah.
So basically, the threepositions that we look for in
general are three.
So the first one is who we callan advisor, and that will be
either part-time or full-time.
This person will be trained tohelp with clients right To help
them get out of debt, becomefinancially dependent, other
(04:52):
financial services as well, justlike a financial coach, so to
speak, and that's really great,as I was saying, for someone who
likes helping other people andthat need or would like some
time flexibility.
That could be part-time orfull-time.
The second position is someonewe call a trainer, slash
recruiter.
This person also helps clients,but they're now helping us find
(05:15):
, interview, recruit and trainnew teammates, so those people
get compensated for helping more.
Primerica is all about theresults.
The more results that you give,the more better compensated or
teams under them that usuallywould help like 10 to 12
(05:45):
families per month and they getbetter compensation because they
have greater impact in thecommunity so what is the vetting
process if someone isinterested in and looking into
this?
yeah, so we gotta check uh first.
You know the very first one isjust a conversation like like
this and I'll show what thecompany does.
You know, and and you need tolike to talk to people.
You know the very first one isjust a conversation like like
this and I'll show what thecompany does.
(06:06):
You know, and and you need tolike to talk to people.
You know you need to likepeople.
There's some, some people thatare just lab people, you know,
or system people, and maybethat's not for them, but uh, the
the personal side of it is isimportant, and they you also
need to qualify, meaning you gothrough a background check and
(06:26):
you know this area is very, veryregulated.
So to work with Primerica, youneed some licensing, you need
some certifications, you needtraining, you need a lot of
stuff so when it comes, let'sjust say advisor um, that sounds
like a great position.
Speaker 1 (06:43):
How long is training
typically for that position?
Speaker 2 (06:47):
Yeah.
So basically, when you start inany, everyone starts as an
advisor, right, because you knowto be a broker, to own a
business, you need to know whatthe business does.
Right, to train people.
You have to do that, you haveto have done that to train other
people, right?
So everybody starts as anadvisor and there's a lot of
training in the beginning foryou to get your licenses.
(07:09):
But the financial day-to-daytraining is basically three
hours a week, one hour and ahalf twice a week and that's in
person in our office inHuntersville.
Okay, there is when you're goingto learn the actual trade.
You know what is a lifeinsurance policy, what is a
mutual fund investment, what isa retirement plan, you know, and
(07:33):
so these are the things thatyou're going to learn.
But the training depends onyour goals.
If you just want to be anadvisor, I would say like four
to six months you pretty prettymuch set, you know and what you
need to do.
But if you're like a trainer,then you got to be there because
you're training people, right.
Yeah.
So then it's, it's permanent.
And if you want to be a broker,it's also important that you're
(07:54):
there, that you're multiplyingthe knowledge and all that.
But you know there's nopressure at all in prime america
for you to become a broker.
We would love for you to becomea broker, but we have some
colleagues that are just greatagents.
They help a lot of people andthat's awesome.
That's fine.
You know, there's no issues.
Speaker 1 (08:14):
So do you help
someone navigate where they
might be better?
Speaker 2 (08:21):
Yeah, it's usually a
personal preference and you know
kind of what are your ambitionsBecause, as I said, we have
colleagues that are good justhelping people out.
You know, I myself want to be abroker.
So you know I'm training I meanevery training that I have
available.
I'm there.
I listen to some podcasts theyhave every week, you know, with
(08:44):
Central in Georgia, with thegreat colleagues there that are
million plus dollar earners andthey give tips.
You know, yeah, knowledge isopen in Primerica, so it's also
very accessible.
Primerica has something realnice also system that the high
tide lifts all ships Right.
(09:05):
So there's no competition Like,if I'm your colleague, I'll
never want you to be less thanme, because then I'll shine
better.
There's none of that there.
Everybody wins, you know.
So that's also really somethingreal nice that I like about
Pramerica.
Speaker 1 (09:20):
That is amazing.
Well, I can tell that you'revery, very passionate and you
know, when you are exposed tothese million dollar earners,
that has to be very, veryexciting.
To understand the realpotential.
Speaker 2 (09:35):
Yeah, yeah, exactly,
and that's also something that
really caught my eye there's noceiling.
There's no ceiling.
You know You're limited by whatyou want to accomplish and the
amount of effort that you put in.
That's also really somethingdifferent from corporate, say,
because in corporate you canwork as hard as you want,
(09:58):
Sometimes you might be paidovertime or something, but it's
not really about the results.
Speaker 1 (10:06):
Is it possible for
someone to do this part-time
kind of dip their toe to see ifit's a good fit before they
leave their other job?
Speaker 2 (10:15):
yeah, yeah, and
actually we usually recommend
that that you start part-time,so like, if you have your job
but you know you, you would forsure benefit from an extra
thousand dollars a month or fivehundred dollars a month and but
you still have a job.
You want to stay there, that'sfine, stay there, you know, do
part-time with us, train and youknow, by spending, say, five to
(10:37):
seven hours a week.
Depends on your production, ofcourse, but you can have
anywhere from $500 to $1,000 amonth or more, depends on how
much time you put in.
And we usually recommend thatIf you're looking for a job,
keep looking for a job.
If you have a job, stay in yourjob while you get to know, you
get your, your client base andall that, and then, when you're
(11:00):
earning just as much or maybemore, that's your current job
and then you can make the switchthat is exciting.
Speaker 1 (11:08):
Yeah, you wouldn't
want to do that, you know it's.
It's amazing.
So are you a, are youself-employed or are you an
employee?
Speaker 2 (11:17):
yeah, so, uh, it's,
it's technically self-employed.
Or are you unemployed?
Yeah, so it's technicallyself-employed.
And we usually say in Primericayou're in business for yourself
like it's your business, butnot by yourself.
You have the whole Primericabehind you.
So that means, as I was saying,coaching, training, licensing.
The licensing part is also veryimportant, as I was mentioning a
(11:38):
little bit.
The field is very regulated, soyou need to get some licenses.
This also sets Primerica apart.
I was talking to anothercompany that works with life
insurance and what they said isgo get your license and come
back and then we'll start right.
Primerica does different.
So Primerica helps you with ain-person class for the life
(12:01):
insurance exam, life insurancelicense.
They pay for your licenses.
So it's it's really different.
You know, like these licenses,in the beginning they cost
around 1500 and usually theinitial commitment is you put
like a 125 or so in.
Primerica does the 1400.
After that, you know, just needto set something down.
(12:24):
You know, because we're nicepeople, we're not crazy If
everything was free.
You know people don't valuethat as much.
So we need a little bit ofcommitment.
But Primerica pays for yourlicenses.
You know, if you fail your exam, primerica pays for you to do
again, so nobody loses inPrimerica.
Speaker 1 (12:41):
That was another
question.
I was thinking, you know, ifyou're coming to interview or
you want to be an advisor, thereis a test.
So it's really the licensingtest.
It's not a Primerica test.
Speaker 2 (12:52):
Yeah, correct.
That's with the NAIC it's theNorth American Insurance
Commission and that's a perstate deal.
You know each state have theirtests, their exams, their
processes.
You get fingerprinted a lot oftimes.
So you know you need to pass abackground check.
But you know, if you don't havea felony or if you didn't rob a
(13:13):
bank last week, you're probablygood.
Speaker 1 (13:17):
So describe maybe the
top three, top five
qualification or quality that aperson has that you're looking
for yeah.
Speaker 2 (13:27):
So, uh, I would say
the biggest one is willing to
learn.
You know you you're learningall the time.
That's a, that's a big, big one.
And uh, learning in differentopportunities, not only in
training.
You know you're talking topeople and you're being out
there and you're trying to learn.
(13:47):
You know how to read peoplewhat they need, be a good
listener that's also real good.
And it's also important thatyou kind of tailor what you're
trying to tell the people totheir level of knowledge, their
level of resources and all that,so it's really like a people
(14:08):
kind of business.
You know you really need towant to help people, like to
know people and be willing tohelp people where they're at,
and even though you have plansfor them.
You know everybody has theirown race to run, so we respect
that, of course.
Speaker 1 (14:24):
Well, and that's so
true of being a true
entrepreneur you know you getwhat you put into it and
obviously you're the type ofperson that will take a question
.
And if you don't know it, right, right then you're going to
figure it out.
And to have the resources of acompany like Primerica is
amazing in the training.
Speaker 2 (14:44):
Perfect, yes.
Speaker 1 (14:46):
Yeah, so how do
people find you if they're
hearing this and they'reinterested in chatting?
Speaker 2 (14:52):
Yeah, sure, so my
main social media is Instagram.
I have my profile.
There is Priverica, felipe Aand that's P-R-I-M-E-R-I-C-A,
and then my name, felipeF-E-L-I-P-E and then A for my
last name.
So that's my main social media,but I can also be reached on
(15:15):
the phone at 803-795-2156.
Speaker 1 (15:20):
And where do people
need to live?
If they're listening andthey're interested?
Speaker 2 (15:25):
Yeah, so we help
people in North Carolina.
Basically, you know, and ourteammates are mostly from North
Carolina, we have people indifferent states but in the work
is mostly remote, but we dohave the training twice a week
that I was mentioning and that'sin person in our office in
Huntersville.
(15:46):
So that's important, you know,if you can drive there and
that's a good fit.
You know, that's reallynon-negotiable by my RVP, my
mentor, because he thinks thatlearning person is better.
I am with him with that.
Speaker 1 (16:03):
Oh, I agree.
Yeah, zoom, and all of thisremote, it has its time and its
place.
But, yes, I think we alllearned that years ago that you
miss that connection and you dolearn so much being around
others and inspiring one another, right?
Yes, Great, awesome.
Yeah, it has been a pleasure,felipe, getting to know you.
(16:25):
I love your passion, you'reexcellent at what you do and I
know you're going to be a hugesuccess.
Speaker 2 (16:32):
All right, appreciate
it.
Speaker 1 (16:34):
Amen, amen.
Have a wonderful day, thank you, thank you, bye-bye.