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!
Listen to us On
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
Lifeblood Host
Mark Willis
Guest
More Episodes
We Can Do Hard Things: 10 Ways to Get Stronger
Do you ever feel like you can’t pull it together? Like it’s all too much? Me too. We all have moments when we feel the weight of our responsibilities, obligations and desires is going to crush us. We all have times when we feel like the lives we want, the goals...
Get Good with Money by Doing these Three Things
I was sick of being broke. The reality was, even though I had a successful career helping others with their money, my finances were a mess. I was living paycheck-to-paycheck, not budgeting and abusing credit cards. Once I made the decision to get good with...
Should You Work with a Financial Coach?
Have you ever had a great coach? What was it that made them great? Were they a great teacher? A great listener or inspirational speaker? Did they provide you with tough love? Looking back on your experience, what did you learn that’s served you through...
Better Money Habits for a Great Financial Future
The best time to plant a tree was 30 years ago. The next best time is today. That’s also true for personal finance. Our money goals are a lot easier to achieve when we have a lot of time, and harder with less time. You and I both want better financial...
5 Tips To Reduce Stress by Improving Your Finances
5 Tips To Reduce Stress by Improving Your Finances According to the American Psychological Association, almost two-thirds of individuals reported money as a major stressor in their lives. If you're one of these individuals, take steps to improve your financial...
How to Stop Wasting Time
Is your time valuable? Do you waste time? Does the thought of wasting time bother you? If bothers me. While we all have the same amount of time to work with, the way we think about and value time changes as our lives change. When we’re kids, we don’t think...
We’re All In This Together
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain inalienable rights, that among these are Life, Liberty and the pursuit of Happiness. I close each episode of the LifeBlood podcast by saying,...
Pay Attention: Where You Put Your Attention Matters
Have you ever let things slide? I know I have. You’re doing great, eating healthy and exercising consistently, but then you start to let up a bit. You start eating fries instead of a salad, having an extra glass of wine, and sleeping past your alarm. It...
Overcoming Adversity: How to Stay Ready
Do you remember the song “Lions and Tigers and Bears! Oh My!” from The Wizard of OZ? The grown up version of that is “Covid, inflation, recession and cancer! Oh my!” It’s not as fun. Adversity is one of life’s realities. Some of them, like winter, we can prepare...
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!