From the time you begin college, start your career and perhaps start a family, to the time you leave the workforce and retire, financial planning is important and can impact your quality of life when you’re older. With so much on the line, how do you make sure the decisions you’re making are the right ones?
We’re talking to Mark Willis, Certified Financial Planner, about how to navigate the major wealth transfers of our lives. Mark lays out the 4 major problems with our current system, and offers some solutions that may be a better way of capitalizing on our hard earned money.
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Mark Willis, CFP
Mark Willis is a man on a mission to help you think differently about your money, your economy and your future. After graduating with six figures of student loan debt and discovering a way to turn his debt into real wealth as he watched everybody lose their retirement, savings, and home equity in 2008, he knew that he needed to find a more predictable way to meet his own financial objectives and those of his clients.
Mark is a Certified Financial Planner (CFP), a two-time #1 Bestselling 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 co-host of the Not Your Average Financial Podcast, he shares some of his strategies for investing in real estate, paying for college without going broke, and creating an income in retirement you won’t 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.
We will be covering the important money milestones or “wealth transfers” throughout our lives, including the repayment of student loans, planning for our children’s college, and saving for retirement.
- The 4 major problems with our current wealth system
- The big question you must ask yourself before choosing how to build and manage your wealth
How has planning for college changed over the years?
Planning for your children’s college when it’s far in the future
Best ways to save for college
What are the biggest mistakes people make when planning for college?
How can poor college planning impact retirement? How do these 2 relate to one another?
- Are 401(k)’s still the best way to save for retirement? What are alternative options?
Resources Mentioned on this Episode
Not Your Average Financial Podcast, Hosted by Mark Willis and Holly Bach
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