🎙️

Insights from Tyra Hamilton's Journey

Nov 19, 2024

CA Power Players Podcast with Tyra Hamilton

Introduction

  • Podcast episode featuring Tyra Hamilton from Oregon.
  • Host introduces Tyra as impressive and humble, averaging $40-50k/month in her work.
  • Tyra shares her journey and insights into the insurance industry.

Tyra's Background

  • Tyra did not initially plan to enter the insurance space; she has a background in dance, cheerleading, and promotional marketing.
  • Jumped into insurance with initial uncertainty but saw significant early success.
  • Made $3,500 in her first week.

Lessons from Failure

  • Tyra emphasizes learning from failure as a key to success.
  • Grew up in a competitive household with six brothers, fostering a competitive spirit.
  • Initially struggled but was determined to succeed.
  • Importance of listening (70%) and teaching (30%) as a leader.

Overcoming Challenges

  • Struggled with ADHD, which affected focus and organization.
  • Developed personal structures and strategies to manage ADHD.
  • Importance of being honest with oneself and the team.

Building a Business

  • Transitioned from captive to non-captive in the insurance industry.
  • Aspires to own her own book of business and build a supportive team.

Personal Story and Motivation

  • Had a personal cancer scare and her mother battled breast cancer.
  • Motivated to educate others about life insurance and generational wealth, especially in the African-American community.

Success Strategies

  • Emphasizes the importance of starting simple and building up knowledge.
  • Shares insight into focusing on whole life and term as a starting point.
  • Discusses advanced markets, generational wealth, and retirement strategies.

Advice for Agents

  • Encourages agents to "level up" by setting clear goals and assessing their paths.
  • Life insurance can be a vehicle to achieve broader life goals.
  • Suggests focusing on a range of products like Medicare to maintain clients and generate referrals.

Contact Information

Conclusion

  • Tyra emphasizes the importance of buying life insurance for the living, not just for oneself.
  • Encourages creating a legacy for future generations.
  • Listeners encouraged to follow Tyra for more insights.