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Eric Wilson
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Eric Wilson   My Press Releases

I BUILT MY BUSINESS TOO!!

Published on 8/20/2018
For additional information  Click Here

I try to avoid political commentary when I write.  I try to stick to the topic I know best- Insurance.  However,  this one has me going…

I keep hearing the news feed about our President saying if you had a business, you did not build it, someone else built it for you, or you had help along the way.  I really find this one offensive!!.  Yes, I guess I went to a public elementary school, so I got some education.  I went to a Catholic High School, again some good teachers, no government assistance there, and I went to Western Maryland College ( now called McDaniel), a small Private Liberal Arts College in Westminster, Maryland.  I took out a student loan, like most people, I got some help from my parents to pay for it, but I paid my loans back, again not like many other Americans.

When I lost my corporate job and health insurance, first I got an individual policy, though funds were low, it was the responsible thing to do.  Then after being unemployed for about three weeks, I decided to start my own business.  Now I am not good with a hammer, so I decided to get into the insurance business, more specifically the Health Insurance Business.

The first thing I had to do was buy a car, my corporate job provided me with a car.  So I used the equity in my home to purchase the car ( I was unemployed so getting a traditional loan would of been difficult).  I then spent money of insurance licensing classes and the state charges you to take the test.  You then need to advertise, so the first year I had a lot of expenses, my 1099 income a whopping $5000.  I remember that so well.  I think my expenses while I used a limited budget was still over $20,000 ( not including the car payments).

Years later I was working hard but had a built up a good insurance practice, then the health care law passes, and what happens, somehow as part of the reform, they cut our commissions in HALF!!  I would love to see our elected officials take say a $40,000 pay cut!  I am not an employee of a company ( well I guess I am the only employee of my company).  I pay all of my own expenses, I do my own payroll, I pay my own rent.  I pay all of my own advertising.  What I do is not any different than any other small business owner or self-employed individual, yet the health insurance brokers, had their commissions slashed.  Not the life brokers, not the home and auto insurance brokers, the health insurance brokers.

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