Episode 210: Getting Creative About Your Path to Financial Health—with Mark Willis
There is more than one path to financial health. The key is to deliberately choose based on what you want for your life and consulting business.
In this Craft of Consulting Podcast episode, I interview Mark Willis shares some out-of-the-box strategies for making your money do what you want it to do.
Mark Willis reveals that all options for where to put your money are not equal. In this episode, we talk about:
Understanding why traditional retirement planning isn’t always the right choice
Avoiding “wealth shock”
Asking yourself what functions you want your money to do for you
Building a more secure platform for your business to succeed
Creating a nice financial cushion that you can leap into consulting from
Being cautious and having a payoff plan before considering assuming debt
Having your money accessible, safe, liquid, and growing at a competitive rate
Using non-traditional vehicles to have easy access to your money
Understanding the opportunity costs of paying cash for things
Having a financial accountability partner
Firing your bank
For more information about Mark Willis: