166. HOW TO BE YOUR OWN BANK WITH MARK WILLIS
EPISODE OVERVIEW
In this episode of Corporate Quitter, Gabby interviews Mark Willis, a certified financial planner, about the evolving definition of financial success in today's world. They discuss the importance of personal agency, efficiency, control, and safety in financial planning, especially for entrepreneurs. Mark introduces the 'Bank on Yourself' strategy, emphasizing the benefits of whole life insurance as a tool for wealth building and financial independence. Mark encourages listeners to take control of their financial futures and explore innovative strategies for wealth building.
ABOUT MARK WILLIS
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, he 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.
As host of the Not Your Average Financial Podcast™, he shares some of his strategies for working with real estate, paying for college without going broke, and creating an income in retirement you will not outlive. Mark works with people who want to grow their wealth in ways that are safe and predictable, to become their own source of financing, and create tax-free income in retirement.
TIMESTAMPS
00:00 Redefining Financial Success in a Changing World
03:01 The X Factor: Efficiency, Control, and Safety in Finance
05:59 Navigating Financial Inefficiencies and Entrepreneurial Challenges
08:59 The Importance of Personal Agency in Financial Planning
12:12 Rethinking Money: Adjectives and Verbs in Financial Strategy
15:03 Exploring the Bank on Yourself Strategy
18:01 Whole Life Insurance: A Tool for Wealth Building
23:00 The Power of Cash Value in Life Insurance
28:02 Leveraging Life Insurance for Financial Freedom
32:59 Transitioning from Employment to Entrepreneurship
39:55 Strategic Financial Planning for Entrepreneurs
LINKS
Mark’s Links
CQ Links