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