Infinite Banking Concept with Mark Willis

What beneficial financial behaviors can be learned from the ultra wealthy?  Mark Willis breaks down a three part strategy that you can take and implement in your life!

 

Oct 14, 2021 | Podcast

About the Episode

LifeBlood: We talked about the infinite banking concept.  We discussed how while there are very few things we have complete control over, we can certainly exert greater influence on our situation, specifically our financial situations by paying closer attention to the environments in which our money resides.  

Are you currently setting yourself up for a big tax liability when you reach retirement age?  If so, do you think taxes will be higher or lower than they are today?  We talked about how to evaluate your accounts, answer those questions and position yourself for success no matter what happens with tax rates in the future. 

We discussed beneficial financial activities of the 25 wealthiest people in America, what strategies they employ to shelter their wealth and avoid paying unnecessary taxes, a three part strategy that’s been used for generations that you can take advantage of as well, and also ensure that wealth you create can continue on for generations.

We talked about how there are many different kinds of life insurance policies, but only one specific kind that will give you the benefits in order to complete this strategywith Mark Willis, CFP and Advisor with Lake Growth Financial Services, host of the Not Your Average Financial Podcast, helping people get more focused on their financial lives, gain greater control of their situation, growing their nest eggs with certain and getting overall peace of mind.  

Listen to learn how to talk with your children and grandchildren to prepare the people for the money, so you’re not just preparing money for the people!

You can learn more about Mark at NotYourAverageFinancialPodcast.com, and LinkedIn.

Thanks, as always for listening!  If you got some value and enjoyed the show, please leave us a review wherever you listen and subscribe as well. 

You can learn more about us at MoneyAlignmentAcademy.com, Twitter, LinkedIn, Instagram, Pinterest, YouTube and Facebook or you’d like to be a guest on the show, contact George at [email protected].

George Grombacher

George Grombacher

Lifeblood Host

Mark Willis

Mark Willis

Guest

More Episodes

Avoiding Financial Pitfalls with Paula Harris

Avoiding Financial Pitfalls with Paula Harris

Avoiding Financial Pitfalls with Paula Harris No matter how much planning we do, life's going to throw us curveballs. Paula Harris talks about how to handle financial pitfalls! About the EpisodeWe focused on how to avoid financial pitfalls and handling life’s...

Being Broke is the Worst: How to Knock it Off

Being Broke is the Worst: How to Knock it Off

Being Broke is the Worst: How to Knock it Off Being broke is the worst. Why do we screw ourselves over, and what can be done about it? George talks about how to break free for good!About the EpisodeBeing broke is the worst. Why do we screw ourselves over, and what can...

Fear and Greed with Vance Barse

Fear and Greed with Vance Barse

Fear and Greed with Vance Barse Fear and greed drive many of our behaviors, including investing. Vance Barse talks about how to manage through external challenges like inflation!About the EpisodeWe focused on the role fear and greed play in our finances and our...

Total Return Indexing with Mark Hebner

Total Return Indexing with Mark Hebner

Total Return Indexing with Mark Hebner What's the difference between price return and total return indexing? Mark Hebner breaks down the often misunderstood and misrepresented differences! About the EpisodeWe focused on the difference between total return and price...

Extended Care Planning with Kelly Augspurger

Extended Care Planning with Kelly Augspurger

Extended Care Planning with Kelly Augspurger Extended care planning isn't the most fun thing to think about. Kelly Augspurger talks about how to have the conversation with loved ones! About the EpisodeWe focused on the ins and outs of extended care planning, reframing...

How Do You Feel About Money with Wendy Wright

How Do You Feel About Money with Wendy Wright

How Do You Feel About Money with Wendy Wright How do you feel about money? How would you like to feel? Wendy Wright shares her perspective on answering these questions! About the EpisodeWe focused on asking and answering “how do you feel about money,” what financial...

Join the show.

Interested in being on the show? Tell me a little bit more about you and what you’d like to talk about!