Ritter on Real Estate How To Keep Your Money Working For You With Mark Willis
Aug 10, 2021
37:48
On today's episode of #RitterOnRealEstate, we get together with Mark Willis to learn all about his extensive expertise in financial planning and wealth management. Mark is a CERTIFIED FINANCIAL PLANNER, a THREE TIME #1 Best Selling Author and the Owner of Lake Growth Financial Services, a financial firm in Chicago, Illinois. Over the years, Mark has helped hundreds of his clients take back control of their financial future and build their businesses with proven, tax-efficient financial solutions. He specializes in building custom-tailored financial strategies that are unknown to typical stock-jockeys, attorneys, or other financial gurus.
Key Points From This Episode:
- Introduction of today's guest Mark Willis.
- Mark’s first memories of money as a child.
- Fractional reserve banking and why it's important to the everyday Joe.
- Being a new financial planner in 2008.
- How reserve requirements changed for banks in the 2020 Pandemic.
- The poor rate of return that comes with banking.
- How the contract is the bed of civilization.
- Building relationships= building contracts= building wealth.
- How to define what our money should be doing for us.
- What is Dividend Paying Whole Life Insurance?
- Whole life insurance banking on yourself.
- Some of the downsides to Dividend Paying Whole Life Insurance.
- How using cash breaks compound growth.
- Questions investors should ask their deal sponsor.
Books Mentioned:
-Bank On Yourself: The Life-Changing Secret to Protecting Your Financial Future By Pamela Yellen
-The Road Less Stupid: Advice from the Chairman of the Board by Keith J. Cunningham
-Rich Dad Poor Dad by Robert Kiyosaki
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Production by Outlier Audio