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#237 - The Four Major Pitfalls of Most People's Financial Plans - Mark Willis
Manage episode 436626680 series 3560253
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Joining us on this episode of Living Off Rentals is Mark Willis, a certified financial planner, three-time number-one best-selling author, and owner of Lake Growth Financial Services. He is a financial planner who is open to different types of strategies in real estate investing.
In this episode, he shares some of the major pitfalls of most people's financial plans and how he specializes in working with real estate investors and business owners.
We know you’ll enjoy learning from Mark–who is also a second-time guest on the show!
Key Takeaways
[00:00] Introducing Mark Willis and his background
[05:27] Meaningful money conversations
[10:31] No guarantees, no predictability
[14:54] We have no idea how long we are going to live
[16:30] The tax time bomb
[19:07] "You are your money guru."
[22:31] Asset classes with the most growth and success
[26:27] Contractual wealth vs. paper wealth
[34:25] Self-directed life
[38:13] Connect with Mark Willis
Guest Links
Website – kickstartwithmark.com
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel – youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
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