#22 - Creative ways for financing with CFP Mark Willis by The Real Estate Life Podcast published on 2022-01-31T14:34:41Z Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we have Mark Willis, a CERTIFIED FINANCIAL PLANNER™, best selling author and the owner of Lake Growth Financial Services, a financial firm in Chicago, Illinois. In this episode we will discuss the importance of financial education and how to become your own money guru. Today Mark will share some of his strategies for investing in real estate, paying for college without going broke, and creating an income in retirement you will not outlive. We will also discuss how to survive a market crash, deal with inflation and debt. All this and much more, up next. Bullet points (01:37) Introducing Mark Willis and the importance of financial education (02:20) Surviving a market crash (04:58) Financial planning in 2022 (06:34) Being in control of your money (07:50) Abiel’s experience in 2008 (09:10) The first step to taking control (10:39) The problem with a 401(k) (12:17) What are the attributes you want your money to have? (15:40) Dealing with debt (17:29) How do you become your own bank? (18:53) The benefits of whole life insurance (25:55) Investing in real estate (28:29) How do you choose which syndications to participate in? (34:42) Choosing a life insurance agent (36:16) Dealing with inflation (39:45) Should I buy a single family now? (43:27) Where to find out more Genre Business