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Mark Willis: Creating Your Own Personal Economy


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"If you follow the herd, you're going to get slaughtered, so being weird just might be the best decision you ever make." - Mark Willis

Most of us have believed and followed the status quo and general way of life that has been passed down to us - go to college, find a job, have one stream of income, and pay off debt. However, as we continue on with this and learn the full weight of the consequences of debt, we begin to realize that maybe it is time to break away from what we are told to do. Certified financial planner, best-selling author, and owner of Lake Growth Financial Services, Mark Willis knows too well about moving away from the crowd and talks to us about creating your own personal economy. Mark discusses the concept of upstreaming financially and lays down what it means to go against the mainstream. In addition, he also talks about what is wrong with traditional financial planning and gives us two million-dollar questions that you need to ask your advisor when consulting with them.
 
In this episode you’ll learn:

  • What it means to upstream financially and how to do that (06:00)

  • The truth about traditional financial planning (08:30)

  • When to buy and when to rent a building (22:47)

  • The concept of banking on yourself (24:59)

  • What dividend paying is (31:37)


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    Get WealthFit!By WealthFit.com | Dustin Mathews