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Explaining Self-Banking and Buying Back Debt | Mark Willis
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1,826Views
2022Feb 8
➢ Subscribe:    / @smartstayshow   Mark Willis 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. Mark works with individuals who want to create wealth in ways that are safe and predictable, become their own source of financing, and become financially set for life. During our conversation, Mark gives us a ton to consider regarding how the cash value of whole life insurance policies can open doors into tons of investment opportunities. Mark is also the host of the This is Not Your Average Financial Podcast, where he invites guests and listeners to engage the new and improved steps for establishing financial sanity. In true pandemic-form, we managed to record this episode with a special guest star: our toddler Cecily, who makes numerous appearances throughout the episode (which will be far more clear to you if you're viewing this on YouTube or Facebook!) Unfortunately, Disney+ on the TV in the living room didn't keep an inquisitive Cecily from discovering Daddy J (attempting to) record in her bedroom, so she felt compelled to investigate, the result of which is this episode! In this episode, we talk about: -- What is whole life insurance and why is it a creative investment mechanism? -- What is self-banking and how can you do it? -- Trying to record a podcast episode with a curious toddler -- Recurring financial questions that drove Mark to launch his podcast -- How becoming a new parent changes one's perspective on everything -- Collecting uncoordinated financial assets over time -- Crippling student loan debt and how to overcome that financial burden -- Building the attributes of the perfect financial game plan -- Breaking through with a 1-pound rock rather than 1 pound of pebbles -- What does buying back debt mean? -- What if you could become your own source of financing? -- The T-G-I-F strategy of whole life insurance Get in touch with Mark: Mark Willis' website - http://nyafinancialpodcast.com/ Mark Willis on LinkedIn -   / marklakegrowth   Lake Growth Financial Services on Facebook -   / lakegrowth   (And the link to Jason's childhood money book from 1979!) https://www.amazon.com/Kids-Guide-Man... Join Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast! #financialplanning #financialpodcast #firemovement #creativefinancing #realestatepodcast #nexthome #humansoverhouses #realestate #retireearly #realestateinvesting #moneymanagement #lifeinsurance #wholelifeinsurance _____________________ The Real Estate Law Podcast is hosted by Jason Muth and Attorney / Broker Rory Gill. This podcast and these show notes are not legal advice, but we hope you find both entertaining and informative. The Real Estate Law Podcast, because real estate is more than just pretty pictures and law goes well beyond the paperwork and courtroom arguments.   / therealestatelawpodcast     / nexthometitletownrealestate     / nexthometitletownrealestate   AND PLEASE... 🚨 DON'T CLICK THIS LINK!! 🚨 - https://bit.ly/3rh6hdb
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