How To Keep Your Money Working For You With Mark Willis

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 Check us out on socials: InstagramLinkedInYoutubehttps://hudsoninvesting.com/Production by Outlier Audio