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