An industry colleague and I were ruminating about the reasons we are each having good business years in a terrible economy , with low interest rates and where reportedly, some in our industry are struggling to do even $1,000,000 in production.
We agreed that it is what we are selling: Safety, Security and Guarantees.
We also agreed that 5 years ago, the level of confidence in the stock market was such that a heavy down day would be discounted as simply a bad day. The current environment has sapped that confidence. If you can lose 6% in a couple of days and 15=20% or more in a couple of weeks, it could take years (that you may not have) to recover. A CNBC TV analyst announced today that we are in a Depression.
I joined the financial services industry at just about the pinnacle of interest rates in 1983. For almost 20 years I have heard "your business must suck because interest rate are lower (than they were) ". Despite the curmudgeons, somehow through creative vision, hard work and a great product solution, I have been able to "eke out" a living that apparently, exceeds the median income in the United States.
"Figuratively" a structured settlement is neither "36-24-36" with a "tramp stamp" and "FMPs", nor an Adonis with washboard abs, Popeye arms, Aviators and a Porsche.
But a structured settlement does have "strong shoulders" to protect your financial future. A structured settlement IS for you if you want "On Time Every Time®"
If you want a "Bucking Bronco", invest a few bucks in a mechanical bull. Don't waste your settlement.
On Time Every Time® is a registered trademark of 4structures.com, LLC