From Tragedy to Triumph: How Roy Snarr Built a 7-Figure Insurance Empire Protecting Families' Financial Futures
- From Tragedy to Triumph: How Roy Snarr Built a 7-Figure Insurance Empire Protecting Families' Financial Futures Michael D. Levitt 25:26
Roy is a renowned asset protection expert in the top 1% of Finance professionals.
He has helped thousands of families and entrepreneurs plan their finances to survive market fluctuations, unexpected life events, and other future hardships.
In the 1990s, when the US stock market crashed and his mother was disabled in an accident, Roy’s family lost their home, savings, and assets. Roy, who was 14 then, realized the power of financial protection, Social Security, and long-term care. He chose a career as an insurance expert and simplifies complex safe Money and consumer protection strategies today.
Roy has 14 years of insurance experience and has founded industry-leading brands like Roy Snarr Retirement Solutions and Snarr Academy. He is also an international bestselling author of Social Security 101 and Long Term Care.
More about Roy:
- Featured on NBC, Fox News, CNN, CBS, Nasdaq, and CW.
- Has spoken at major events like MedicareCon and 8% Nation.
- Member of the prestigious Million Dollar Round Table.
- Member of the Forbes Finance Council.
To get a sense of Roy, here’s an appearance on The Power Players Podcast, where he talks about how he finds—and successfully closes—his most prominent insurance cases.
Entrepreneurial Journey and Insurance Insights
In the meeting, Roy, an entrepreneur based in Austin, Texas, shared his 15-year journey of building a seven-figure insurance agency. He also mentioned his involvement in Real Estate Investing, using income generated from his insurance practice to diversify. Michael, another participant, expressed his admiration for Austin’s Growth and the potential for insurance services in the booming area. Both participants shared their experiences and insights from their respective entrepreneurial journeys.
Personalized Insurance Planning and Guidance
Michael and Roy discussed the importance of insurance planning, emphasizing that it should be a personalized and robust process, not just a simple online purchase. They highlighted the need to understand individual and business needs and future planning, including end-of-life insurance and funeral expenses. Roy also pointed out the benefits of consulting an agent, as they are compensated directly by the insurance carriers and can provide valuable guidance. The conversation concluded with Michael expressing his interest in hearing more about Roy’s journey in building a successful agency.
Roy’s Journey in Financial Services
Michael and Roy discussed Roy’s journey into the financial services industry despite his lack of prior background. Roy shared his experiences, including his initial struggles and eventual success through grassroots efforts such as door-to-door sales and networking. He also mentioned his move from California to Texas in 2018, where he had to rebuild his network from scratch. Roy expressed his determination and confidence in his ability to succeed in the industry, having done so before.
Building a Successful Insurance Business
Roy shared his journey of building a successful business, starting with a small team and reaching seven figures within the first three years. The company now helps consumers and individual agents, brokers, CPAs, and attorneys with insurance solutions. Roy also discussed the challenges and rewards of the journey, including the need to adapt to market changes and the importance of perseverance. Michael acknowledged Roy’s journey and emphasized the importance of resilience in the face of adversity, using the example of the recent California fires as a reminder that things can be rebuilt.
Entrepreneurship Challenges and Financial Stability
Michael and Roy discussed the challenges of entrepreneurship and the importance of financial stability. Michael advised entrepreneurs to consider taking a part-time job to cover their basic needs, allowing them to focus on growing their business. Roy shared his experience of returning to a part-time job in the financial services sector after struggling with his business and working at Volkswagen. He emphasized the importance of having a financial safety net to avoid Stress and maintain focus on business growth.
Roy’s Entrepreneurial Journey and Perseverance
Roy shared his journey of becoming an entrepreneur, emphasizing the importance of self-investment and perseverance. He recounted how he sold his truck and dirt bike to invest in himself and immersed himself in Personal Development through Coaching programs, books, and audio materials. Roy stressed the significance of passion in overcoming challenges and maintaining motivation and how he drew inspiration from successful individuals in his industry. He concluded by encouraging others to persevere and put in the necessary work, as he believes that success is achievable within a 24-hour day.
Scaling Entrepreneurship and Time Management
Michael and Roy discussed the importance of time management and delegation for entrepreneurs looking to scale their businesses. Roy shared his journey from solo entrepreneurship to building a team, emphasizing the need to delegate tasks one is not good at. He also highlighted the importance of time freedom alongside financial freedom. Roy encouraged entrepreneurs to learn from online resources like YouTube and invest in personal development. He also advised entrepreneurs to buy their name as a domain for easy online visibility.
