“If I could do one thing with my money, to make everything else easier or unnecessary, building a personal reserve, like a bank, and using it for my own personal and business needs would change everything.” Mark Willis is a certified financial planner, a two-time number one best selling author, and the owner of Lake Growth Financial Services is a Financial Firm in Chicago. Over the years, he has helped hundreds of clients take back control of their financial future and build their businesses with proven tax-efficient financial solutions.
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The 3 Secrets To Your Infinite Banking System Using Whole Life Insurance With Mark Willis
I’m excited about our next guest. He’s a repeat guest and he is out of the great state of Illinois, and he’s 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 estate real wealth, he watched everyone else lose their retirement savings and home equity in 2008. He knew that he needed to find a more predictable way to meet his financial objections, objectives, and those of his clients. He’s a certified financial planner, a two-time number one best selling author, and the owner of Lake Growth Financial Services is a financial firm in Chicago. 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, and he is here to share some more wealth and knowledge with us. We’re going to cover the three secrets to your banking system to invest in real estate, and so please welcome Mark Willis. Hey Mark, how you doing?
Hey, Brent doing great man. How are you?
I am well welcome back to the show excited to dive in and, kind of do, by the way, you can go back to the other episode, just look up capital gains tax solutions, and Mark Willis. And you can find that original episode with Marc’s full story. But we’re gonna do kind of more of a deep dive here and also a preview for a workshop we’re gonna be doing here in the future, where you can see this on paper, but we want to kind of give you some of the top secrets here to building your banking system. So with that, Mark, give our listeners just quickly about your, your current focus, and then we’ll dive right into the three secrets.
We all have to buy stuff in life. And you know, the Coronavirus changed a lot this year for a lot of our investors and a lot of our clients, but there are a few things that haven’t changed. One thing that hasn’t changed is our need to buy stuff. You know that heaters still gonna need to be repaired before winter comes so to speak. And also, one other thing that hasn’t changed is the function of banking. Banking is a part of life. It’s as old as human civilization. Right? I was reading a book called Debt, the first 5000 years. Talk about a title. Right? So as long as we’ve had human civilization, as long as we’ve been out of the caves, the concept of banking has existed. And that’s one of the reasons why when I was going to college down in Central Texas, there were always three buildings even in the smallest little Texas towns. There were the bank, the bar, and the church. And I kind of started realizing they’re kind of connected if you think about it, Brett right. First, you go to the bank begging for money, right? Then you go to the church begging God for, you know, to get a loan, and then you head to the bar when everyone denies you. Right. So that’s the strategy most people follow. In the banking world. We’re all sitting on the wrong side of the banker’s desk. And as the Coronavirus continues to impact our economy, we’re starting to see more and more even as we’re recording this in late September. Banks are having trouble. And there are higher rates of delinquencies and nonpayments. I don’t know where things are headed. But the commercial real estate space looks like it has some pops coming. I don’t know what the future holds. But that’s the point. What else in our financial portfolio can give us The power of banking in our lives, you know, where else? How else can we recapture that banking function and bring it in the house if banking is gonna be a fundamental part of your financial portfolio, and why not have it in the house? That’s, and I know I’m off my soapbox. I promise, Brett. But that’s the biggest and most important financial tool in our tool belt. If I could do one thing with my money, to make everything else easier or unnecessary, building a personal reserve, like a bank, and using it for my own personal and business needs would change everything. So that’s a little bit about our specialty, and what I get so passionate about.
Love it. So let’s dive right into that. So step one, walk us through the first Secret to Building your banking system. And then we’ll tie that to investing in real estate.
Sure, okay. So, think of everywhere else, you could keep cash before we jump into whether or not you should have a 401k or a HELOC? Or where could you keep your cash for all of your personal needs, and also your real estate needs so that it does what you want it to do? Because where you keep your money, makes it do different things. It’s a different environment, right? If I put a fish in a salty ocean, it’s gonna thrive, it’s going to reproduce, it’s going to love life. If I put that same fish on the sandy shore, it’s gonna die. And the same is true with your money, Where you keep your money makes it act differently. Click To Tweet And as a certified financial planner, we’ll have quick phone calls with folks quick five minutes 15-minute calls just to say hello, just answer their questions. And I’d be happy to offer that to your audience as well at the end here. But what I often hear is, Hey, Mark, I looked at my 401k or savings account, and it’s not doing what I want it to do. It’s my money that is not acting in the way I want it to act. It’s the fish on the side of the ocean, it’s the fish dying on the beach, so to speak. And so keeping that image in mind, where do you want to keep your cash? I don’t have any way to answer that question for everyone listening today, Brett. But a few key items here are just thinking carefully about what you want your money to do for you. So the very first step in our keys to building wealth and becoming the bank that you’ve always heard other people have is to think carefully about where you want to keep your cash, what financial vehicle would allow you to do what banks do? Well, one of the first and best things we’d need is the ability to leverage our cash, and the ability to use that capital for all of life’s purchases right there, the savings account, and the CDs and the money markets, they all fail that little litmus test, because we can’t use our savings account for leverage. It’s just 10 grand is what you got 10 grand in your savings account. So the next thing you’d want to do is think about well, okay, where can I use that money and have it accumulate, even when I borrow against it? You know, so just like banks, right? If I have a bank, and I own the bank down the street, and Brett, let’s say you walk in and you deposit 10 grand into your savings account? Let me ask you this question. If you put 10 grand into a savings account, how much of that 10,000 does the bank have to keep on reserve at the bank?
Oh, uh, I want to say 12 to 15%, but I’m not sure.
That’s, that would be frightening, even if that were true, but it’s way worse than that. You know, just to keep 12% of my money. Where’s the rest of the gun? Right? Well, they loaned it to the guy behind you, in line asking for a loan. But actually, the worst-case scenarios are, you know, for megabanks, it was 10%. And for credit unions, it was 3%. But that was before the Coronavirus hit our shores this year, this year as a part of the care act, they removed the reserve requirements completely for all banks. $0 has to be kept on a reserve of your deposit to loan me as much as possible, or whoever else the borrower might be. Right. Does that concern you? Like it concerns me?
It does. It even concerns me at 12 to 15%. Now that I think about it I haven’t thought about it before like that. But yeah, now there’s zero reserves. So if I put 100,000 with the bank, they can just take that 100,000 and loan it to somebody else.
Now, what are they doing? They’re giving you what maybe 1% if they’re generous, and then they loan it all out to me at 10%. That is what we call an infinite return. Why? Some people would say 9% is what they got their know how much of the bank’s money did they have in that deal? 00 they got your cash. They loaned it to me and they’re taking the spread. Now, why do they get that privilege just Because they say the word bank on their building? Couldn’t you do the same thing with your capital? Absolutely, yes.
Yeah. Why not? Tell us why tell us what, why aren’t more people doing this?
Well, the hidden fact is that this is what banks are doing. They’re using a little known variation of life insurance to be able to be part of their tier one capital. And part of their capital reserve requirements that they used to have before Coronavirus was to keep all this money into life insurance. It’s, you know, part of their reserve requirements to be FDIC approved. So do what banks do with you with their money, don’t listen to what they tell you to do with yours. That’s kind of my mantra, Do what banks do with their money, don't listen to what they tell you to do with your money. Click To Tweet If they tell you to put your money over here with our bank account, or Hey, borrow money from us. Don’t do that. Watch what they do, and go do that. And what they do is they open up huge life insurance policies, Google the words, bank-owned life insurance, and just see what I mean hundreds of billions of dollars, with Wells Fargo and Chase, Chase, and Bank of America and the rest of them. So step two, after you’ve decided what you want your money to do for you, step two of becoming your own as in the path of becoming your source of financing, is to do a bank stew, and open up a whole life policy, designed the bank on yourself way so that you can use it as a line of credit for yourself. Now, it’s not a bank, you know, it’s not an FDIC insured bank. But it is a source of capital that works like a bank, and you can borrow against it like a bank can and leverage your assets and help increase your cash flow. So I’ll hush for a minute. I’m saying a lot while I pull over for a while. Yeah.
No, I love it. I love it. And I’m hearing about it. Because my initial thought was, you know, don’t buy a whole life, right? There’s a lot of, you know, different ideas out there, right, just by term. But from here, you right? You’re saying? Well, if you already put your bank 100,000 100,000 to keep it simple 100,000 at Wells Fargo Bank of America, right? They are taking that money, no reserve requirement loaning out to somebody else making the spread. And what you’re saying is, do what they do, and they put it into life insurance. So why don’t we just mirror what they’ve already done? You know, some of the wealthiest people in the world own banks, or are the banks, right? To become your bank? So the first thought that comes to mind is alright, so we just mirror that. But what do you know, FDIC insured comes up, right? Where am I protected? Where are the actual funds held? Give us some of the like, the architecture around this?
Yeah. So you’ll, you’ll, you’ll rightly come to bring up the fact of FDIC insurance, that’s totally like, where banks have kind of fallen back on. But think about it this way. Where is FDIC’s big bucket of money? They don’t have it, you know, last time that the banks failed, what did they do? They went to taxpayers to bail us all out, right? Well, who are taxpayers, the same bank depositors at that bank? Right, so we have very little in the way of insurance even at FDIC. So insurance companies themselves are not allowed to, you know, build up, they’re not allowed to fractionally reserve our money, they’re not allowed to inflate the money supply like that. So at insurance companies, the reserve requirement is more than 100% of your contributions or what they call premiums at the insurance company. So contrasting between a bank, even in good times, a life insurance company is regulated by the states to have more than 100% 10 times as much on the books on reserve than a bank would. Why do they need so much on reserve, because the life insurance company has to pay out that death benefit? If I pass away this afternoon, banks don’t have to do that kind of multiplication. You know, if I die, this afternoon, my family just gets the 10 grand or whatever my savings account says if I died today with a life insurance policy, and I’d put 10 grand of premium into that policy that my death benefit might be a million bucks. So they have to keep all that money at the insurance company on reserve. In case my family needs it this afternoon. And that’s why life insurance companies are safer. The math says 10 times as safe, even in good years, even pre COVID years than a bank would be
great. I make sure I capture that. Right. So their reserve requirement, you know, taking the word bank and life insurance out of the picture for a second. Life Insurance has to keep 100% you put $100,000 in at least keep that $100,000 and maybe a little bit more, whereas the bank has to keep 0%
correct. This year, now in times past and maybe in times future. Hopefully, we get back to normal normalcy where banks are doing a wonderfully generous three to 10% on reserve.
Right, exactly, exactly. So that’s 11 times. Yeah, still A very, very big vote of confidence there. Okay, so now let’s take a taste of real estate, right cuz a lot of our folks are not, you know, life insurance people per se unless they’re ultra-high net worth. And there, they’re taking some stuff and, and trying to offset their taxable state, which is kind of another topic we can touch on. But so your typical multifamily investor, he’s got his money sitting at Chase Bank, 3 million bucks, he has loans of, let’s say, typical, but this would be a high net worth person $10 million worth of loans, the bank requires this 3 million to be the reserve for them to loan out that 10 million. So I want you to mirror that with a whole life insurance policy now. And how am I going to market? I want to buy this multifamily property, I want to get 10 million bucks. How am I going to do that? Is the life insurance policy gonna lend me that money?
Let’s talk about it in two scenarios. This is awesome. I love it. So $3 million in the bank $10 million loans? Did I hear that? Right?
Yep. All right.
So one option is Hey, Mark, I don’t like that banks don’t keep any kind of insurance on my $3 million security at the bank. Right? My deposits are not FDIC insured. Up past what is it 250,000 bucks right now, I want a safer place for my money to live, while I have that $10 million loan out. So very often, I’ll help high net worth individuals move money out of a savings account and into a whole life policy where they still keep liquid cash of 3 million bucks. So that cash value in the life insurance is, you know, now $3 million. And the death benefit is much more than that. So right there, they collaterally assign, that’s the fancy word, they collaterally assign that 3 million to a bank to get a loan for, as you mentioned, $10 million. Thanks, love collaterally assigning cash value Life Insurance from the borrower, I’ll tell you a quick story. This is a podiatrist, a foot doctor who had a policy for just 40 grand, you know, taking it down the ladder, he had a whole life cash value of about 40,000 bucks. He’s a foot doctor, and he wants to open up a practice. And so he bought you know, goes into the bank hands his life insurance policy over to the banker and says, Hey, I want to collaterally assign my life insurance to get access to your bigger bucket of money over here, Mr. banker, and the banker gives him a loan for a quarter-million bucks to open up his foot practice. So banks love using life insurance as an asset that they can use as collateral to give out traditional financing. So you don’t have to be, you know, a teetotaler here to be your banker and never walk in darken the door of a bank ever again. So, but that is one option where you become more bearable and more lendable, let’s say to a traditional bank than you would have had if you had just, you know, been using your car or something else for your collateral?
Got it? Let me ask this question first. So let me make sure I’m gathering this. So I have a $3 million whole life insurance policy, or I have 3 million sitting with Chase Bank. Are you saying that I walk in, they’re going to probably give me more money for walking, and I, I collaterally assign this life insurance policy of 3 million to the bank than they would if I had had 3 million sitting at their bank?
Yeah, think of it this way. They know for sure whether you live or die, they’re getting that money back. So you know, and they might even get a multiple of so that gives you more leverage when you’re getting that loan. Maybe it’s a better interest rate. Maybe it’s a larger line of credit from the bank. That absolutely yes, it comes down to all your particulars. But the vast majority of cases I’ve seen, you’re more bearable. When you’ve got a life insurance policy and a cash value, you can collaterally assign help to a gentleman who’s in, he’s a power generation. For his business. He sets up you know, power walls and all that good stuff generators. He uses his policy as collateral for a regular bank loan all the time. So we can keep it on a debit card. You know, life insurance policies. You don’t have a debit card attached to your life insurance, you can usually borrow the money out of a life insurance policy, and about five days, five business days. Some business owners, that’s plenty of time, no problem. Other people want that debit card, quick access at Home Depot. So he collaterally has assigned his life insurance over to the bank to have that ready access line of credit with a debit card, or credit card or whatever
That makes sense. And the line of credit might be what’s the interest rate on average on that right now?
At the bank? Yeah, I don’t know. I think he is like 2% something really small. So nothing too bad.
So what are some of you missing here? So if I’m a multifamily investor buying deals, and I’ve been doing it the traditional way, why would it? Why would you say no, I’ll keep doing it the traditional way. In other words, why wouldn’t somebody do this?
Well, okay, and then we’ll kind of get to that other idea there too so yes, it still costs money to set up a life insurance policy. If you think about setting up a bank. You need about a quarter of a billion dollars, you know, for a massive bank. Or at least 10 to 100 million for a small community credit union. And you’d need to wait about 10 years or so to get a bank charter in your state. It’s a massive undertaking to set up a quote bank. But these policies don’t take nearly as much capital, but they do still take time. So don’t do this. If you need to get rich overnight rates of return. The cost of insurance does still have something to say even in the first few years of a bank and yourself type policy, we try to squeeze the expenses down Brett as hard as we can, and make this cash efficient as much as possible. Cutting the Commission’s insurance death benefit, and making it all about the cash value accumulation. That’s typically our main focus for most folks, of course, everyone’s different. So don’t do this if you need overnight results. Although I will tell you I’ve had folks dump in, you know, 100, grand, 200 grand and then borrow on one example, a 60-year-old lady, she dumped in 200. Grand, she borrowed out $190,000, within about two weeks of starting the policy. And she used that money to go fund a new piece of real estate. So she sold one real estate deal. She used it to buy the next real estate deal. And now the policy is growing. We haven’t talked about this yet, Brett, but the policy continues to grow even when you borrow against it. So in her case, she lost 10 grand right there. Did you notice that she put in 200. She borrows out 190 there was an expense of $10,000 there. So don’t do this, if that bugs you. But for her, she dumped that 190 into a brand new cash flowing real estate deal. The policy continues to grow on the full cash value, even the amount she borrowed out. The real estate is appreciating the neighborhood as long as Zillow says it does. And then the renter is paying her cash every month, which she’s using to pay off the policy loan. And it’s a tremendous system. She’s brought that entire banking function back in the house.
Love it. And I want listeners, we’re going to do a workshop with Mark. Okay, and we’re going to do a PowerPoint and a webinar. And he’s going to walk through with arrows slowly. Yeah, how and why this works. And this is often when I have deferred sales trust, because there’s, it’s multiple parties, right? And until you see the arrows and like to watch where the money flows and where it goes out and why it’s doing, what it’s doing and where it’s going and how it’s going. Then that takes a while to click, but once it clicks, it makes sense. So let me try to encapsulate what you just said. So $200,000 goes into the whole life insurance policy, immediately, five days or so she uses that to collateralize. Alone, si, si collaterally assigned it to the bank to get a loan for 190,000. She goes and buys that real estate. In the meantime, this $200,000 is still growing in its value. Okay. And she’s buying, let’s say she goes and buys, you know, $500,000 piece of real estate, it was that down payment, right that she can use that for that 990 to buy a 500,000? Or does she buy it all cash?
In her case, she bought it in cash, and I’ll even go back and we’ll let you finish your thought. But yeah, that was a full cash purchase in her case.
Okay, but could she have used that to buy something like a 700,000? You know.
And then now she’s cash flowing, she’s doing that she’s getting the depreciation, but in the meantime, has had the money just been sitting at a bank, right. And the bank has just given her that loan. She’s losing out on that arbitrage. Now, she did cost 10,000 to set upright. But that’s also why the bank has been set up 10 years ago, and all their marketing and all their stuff. Right. So it will take some time to recoup that return on investment if you will. What’s the average return on that investment? 10 grand?
Yeah, and not every policy costs 10,000 it’s all proportional guys to your specific situation. You could start these at a couple 100 bucks a month, you could do a couple 100 grand a year, we’ve got clients doing both and the expenses are all proportional. And we try to keep them as lean as possible. Now for her circumstance. Yeah, the rates of return on these policies will be nice and conservative, beating other cash equivalents in your portfolio. I’ve seen as low as 3%. I’ve seen them as high as six and a half percent after tax. So it’s just a middle single-digit rate of return inside the policy. Let me share one other little tidbit little juicy piece of meat to get people excited about this workshop bread. She could have used a bank down the street like the ones we know about to collaterally assign that policy, she could have done that. In this case, however, she used the policy loan feature inside the contract of the insurance policy itself. If it’s a true policy, design the bank on yourself the way it’s got to be this or it doesn’t work. You can borrow against the life insurance policy from the insurance company and there is no loan underwriting. So you don’t have to prove eligibility for this cash. You can get the money in about five business days, no questions asked. You can set up a loan repayment schedule or not, there’s no required loan repayment schedule, if you borrow against the life insurance policy itself, rather than going to the bank down the street, where they will set you up on a repayment plan, right on their schedule, when you have the policy loan feature and acted when you use your life insurance, as collateral from a loan from the insurance company, then you can set up that repayment or not. And if you pass away and never pay the debt off the loan, it’s just deducted from your death benefit, right when you pass away. So in her case, she didn’t collaterally assign it at the bank down the street. In her case, she could have, but she used the policy loan feature, which let her borrow out 190 grand, and the policy continues to pay her as if she had never borrowed the money out. And she’s in control of repaying that loan. on her schedule. If the renter skips a few payments, you know, cough cough, Hey, I got the Coronavirus. I’m not gonna pay you right now, then she doesn’t have to repay that policy loan to the insurance company, it’s up to her. And that provided her an extra layer of security and peace of mind. Because she’s the one in control. She’s the banker. Now, no other outside bank was involved in that deal. She was a cash buyer when she bought the house. And she’s paying the loan off on her terms. It’s tremendous.
It is tremendous. No loan underwriting, no required loan payment, Paul and place. And if for some reason the person defaults of not paying rent. And you know, you don’t have to force back and negotiate with the bank or the bank foreclosed on you because you were your bank. Yeah, and worst-case scenario, you lose, you lose the property, what would happen then if the collateral fails, or the property you own fails, I guess you lose that 190 right yourself.
the policy continues to grow as if you’d never taken that money out. So you lost the real estate. So if the real estate burned down, you didn’t have any home run, you know, renter’s insurance or any kind of like, insurance on that property, I should say property insurance, then what you lost the property, hopefully, had property insurance on it to make you whole, but the life insurance continues unabated. You know, there’s a loan against the policy that will want to pay off someday. But the worst thing that could happen is you find another rental deal to help you pay off that policy loan over your lifetime. Or just pass away and leave. You know, the net death benefit to your family. Got it.
So, term, this is a word for term. Can I sign my term life insurance policy to a bank?
Oh, yeah, good question. No, is the short answer No, because There’s no equity with term insurance. All we have is the death benefit of a future asset. What we want our current assets, bankers love current assets, they cannot sign your name next to a future asset like a death benefit that might not happen for the next 10,20, 50 years. They need current assets and that’s whole life insurance. I’ve got one more little goodie for your listeners. But whatever your Do you have another two minutes we can do this.There's no equity with term insurance. All we have is the death benefit of a future asset. Bankers love current assets, they cannot sign your name next to a future asset like a death benefit that might not happen for the next 10,20, 50… Click To Tweet
One more good.
All right. So you guys know DSTS, like the back of your hand. You’re amazing listeners of this podcast. I’m probably learning more than you guys are at this point. I’m on the up steep curve here. But you tell me, Brett if this makes sense. What if you had a DST set up deferred sales trust, that was paying you some sort of regular scheduled deferred payment, getting that taxes spread out over say 10 years or so. And you had that cash flow coming in, and you wanted to put that money somewhere for future growth opportunities, or tax-free income and retirement, or just saving for your legacy? What if you funded a life insurance policy, let’s say for 10 years, something like that out of your DST and put that into a cash value life insurance policy like we’ve been describing. That’s the funding source for one of these policies. I have a guy here who’s 45 is putting in 32 grand a year into a policy. After 10 years, he has $400,000 of cash value and a $2.1 million death benefit income tax-free after the 10th year. Now that’s pretty rocking cool because you can then borrow from that $400,000 and invest in some more real estate or just take the money and walk away and it says cash or turns it into a tax-free income stream under current law. These policies are income tax-free. So now you’ve taken the DST money that you’ve been receiving, you pay your taxes slowly in a smart way, spreading that pain out and putting it into a never taxed again life insurance policy. Under current law, you can get the money out income tax-free and leave it to your heirs. You know, rather than just leaving them 400 grand in a savings account, you can leave them 2 million bucks income tax-free as well. So thoughts on that Brett?
Yeah, you blew my mind is That was my first thought Mark and we’re gonna go through that. The workshop This is why we’re going to have Mark who’s so smart. And we’re going to be strategically aligned with all of these things here in the future. Because it does take specialists that you want the deferred sales trust, you know, brain surgeons, right? You want the whole life of an infinite banking specialist like Mark Willis, and then connecting those two is when your dream team comes together to overcome any false beliefs are the things that you haven’t been introduced to, right? Because you can’t have a jack of all trades to give you all of this knowledge and wisdom. And so I want to try to encapsulate that because, yeah, what you’re saying is absolutely what the different shell stress can do, let’s just imagine you sold a 10 million dollar asset and you’ve added zero bases, okay, and you owed about 4 million in tax, well, you could sell that. And then you could, you know, pay all the tax, or you could sell them all into the deferred sales trust, and I have an extra 4 million working for you. And you can invest it into stocks, bonds, mutual funds, investment, real estate, and now that’s producing some income, okay, and now that income that’s coming off, you could use that to fund a whole life insurance policy. And when it’s there, now we have a chance to build that up for a big cash value, right over some time. So you’re using the money that you would have paid to the government, the 4 million, right, let’s say, and let’s just even say that 4 million is earning our average trust, 10 years, over 10 years, net of all fees, about 8%. But most of our clients are somewhere around five to 6% of the money per year are taking, let’s just say 5%, that’s $200,000 if they just took 50,000 of that 200. Right, and use that to fund a whole life insurance policy. Yep, now you’re gonna pay the tax on that income that comes out of that 200. So you’re gonna pay just you know, ordinary income tax on that. So after tax, then put that into the whole life insurance policy, build that up. Now fast forward, let’s just say that’s worth three and a half or 4 million bucks, right? For the liability that you would have paid, you die, your kids can walk in, and now they can keep the deferred sales trust going if they want to. But if they want to cash out completely, you could use that to offset because that’s tax-free. Just wash that away. And in the meantime, you got out of the toilets to trash the liability, right? You sold it at the optimal timing, hopefully, high you diversified. You got liquidity you got out of debt. And you use one extra layer, I would call this the infinite banking ninja strategy right to also get some additional savings. So all that being said, Mark, is that a fair summary?
Oh, I love it, man. Yeah, what you just did was you multiplied the money, you got that money working harder for you than you ever did for it. And that’s the key here, guys. So you’re, you’re working with a ninja with Brett and keep listening to his awesome show. blown my mind, man.
Thank you, Mark. And so look for that, that workshop to be announced pretty soon. We’ll probably do it in the next three or four weeks. And please, please rate review, subscribe to this podcast. Mark, I want to thank you for listening. I’m sorry. Thank you for being here. I want to thank our listeners for listening and appreciate having you on the show. And with that, we remind our listeners where they can find you if they want to reach out to you right now.
Yeah, find us at notyouraveragefinancialpodcast.com That’s the shortest website link I think I’ve ever had to come up with so and then just click on Request a meeting if you’d like to chat for 15 minutes over the phone or zoom happy to do so
Beautiful. And I want to thank our listeners for listening to another episode of the capital gains tax solutions podcast. As always, we believe the highest net worth individuals and those who help them struggle with clarifying their capital gains tax deferral options, not having a clear plan is the enemy, and using a proven tax deferral strategies such as the deferred sales trust, and considering a whole life policy with Mark Willis for infinite banking may just be the best way for you to grow your wealth. We can’t wait for the workshop that’s coming up. Please rate review, subscribe to the podcast, and share this with somebody who could benefit. We appreciate you. Thank you so much for listening and talking to you. Talk to you soon. Bye.
- Mark Willis
- Lake Growth Financial Services
- Debt, the first 5000 years
About Mark Willis
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 estate real wealth, he watched everyone else lose their retirement savings and home equity in 2008. He knew that he needed to find a more predictable way to meet his financial objections, objectives, and those of his clients. He’s a certified financial planner, a two-time number one best selling author, and the owner of Lake Growth Financial Services is a financial firm in Chicago.
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, and he is here to share some more wealth and knowledge with us. We’re going to cover the three secrets to your banking system to invest in real estate