Carson Herlean

speaker

61 appearances 1 recordings 1 series first heard Jan 2025 last heard Jan 2025

Carson Herlean’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

No recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.

Appearances

newest first · ▶ plays the moment

Wake Up to Wealth · The Power of Infinite Banking - A Deep Dive with Carson Herlean · 3 Jan 2025 podcast

I appreciate you being here. Yeah, this is awesome.

Yeah, of course. So again, like Brandon said, my name is Carson Herlene. I live in Southern California and I teach infinite banking, like you mentioned. And how that even started for me was I was in the money space. I was flipping houses in the real estate game.

And then I was learning of different ways that I could manage my funds better, use them more efficiently using this strategy called infinite banking. And it blew my mind. And it changed everything for me to the point where I even left doing active deals in real estate.

And I wanted to teach this full time because of the safety and the growth that's given me and just my financial stability and future. And so this strategy today is what I really want to talk a lot about today because it's changed my life and it changed a lot of people's lives that I teach.

Yeah, well, I mean, it's interesting. In the world we live in today, it's a very simple path, traditional way we're taught to keep and use our money. We're told to go get a job. With that job, with that paycheck, you then pay your taxes. You contribute to your 401ks. Then you pay your house and car payment. And then what's left over, you get to keep for yourself for investing in your lifestyle.

And that methodology doesn't work. The Social Security Administration came out and said that 5 out of 100 people in America retire financially secure. They don't say rich or wealthy or happy. They just say secure. And that's 5%. If that's the path I just mentioned that most people go on and only 5% become just secure at retirement age, it's a failed system. It doesn't work.

And so there's alternate ways you can manage money, invest dollars and finance things you need throughout your life in a more efficient way. And that is the strategy. And so when we all go out and we provide value to the world, we produce income, that income comes in. And once it's in, it has to go somewhere. It has to.

And what we're told to do is to spend it today or save it and then just spend it in the future. And that's not a real efficient way to build wealth or protect the money we're earning. And so this strategy helps you do that. It pulls into this whole scenario a middle account, a place your money flows through before it's spent.

So all those dollars you save for the future, instead of just saving it in a traditional savings account and then spending it and losing it or investing it, only getting that one return. This method will add a place of guarantees, a place of protection against creditors, a place of tax regrowth. And that account is life insurance. And when people hear that, they run away.

They end the podcast because they think life insurance is a scam or they've been told from Dave Ramsey to buy a term and invest the difference. But Guys, who does Dave Ramsey talk to? He talks to most people who are in debt and don't know how to manage money in the first place.

Yeah. Congrats, man. I did not know that. Good for you. That's awesome. But I mean, he teaches great things. It's just not things that help people get wealthy. It's just things that help people stay broke and get out of debt. But that's the most people need. And so this life insurance policy I mentioned is not regular life insurance, is not term insurance.

It's specially designed whole life insurance. Not the whole life insurance you get from your broke brother-in-law who just sells insurance. You have to be very specific with how you fund and use this. But life insurance is a very favorable environment for money to be kept. It's protected. It's going to grow tax-free, guaranteed. It does have a death benefit.

and it's liquid we can build a policy that is still liquid so now back to my example of how we store money in savings accounts and we should try and store those dollars somewhere we control this policy becomes that account because it is going to grow is guaranteed and it's liquid at the same time and if you do take money out against the policy it doesn't stop those dollars from compounding

Those dollars will still sit inside the policy compound interest while you leverage it to go do the financing activities you have. If you need to buy cars, make investments, buy a house, you can still do all of those things. It's just now flowing through the policy. And so by doing this, It's not going to change what you spend your money on or what you invest in.

It just changes where your money resides while you use it. And so if you can build the policy correctly, it becomes a very favorable warehouse of your wealth, I would call it. And when you do this for 10, 20, 30 years of storing money here versus elsewhere, you This becomes a very strong foundation of where your wealth is kept versus a bank account or some savings account you keep money.

But by having your dollars guaranteed to compound while you use it over 20, 30 years, that's going to create a multiple of how much you have sitting there versus just, you know, you keeping it in a savings account and spending it. So that benefit of storing money long-term compounding while using it is the benefit of becoming your own bank is what we teach.

We teach people how to be their own bank because what banks do is they store money. They lend it out. They keep money in motion. just like we should be doing. So if we can store money, lend it out, keep it in motion, and have multiple things happening on the dollar at the same time, that's how we can be wealthy and we can be like the banks using this strategy.

So I don't know if that was too long or a good enough example of what this is, but that's how I look at it. That's how I use it.

Yeah, you know, it's interesting, too, is in today's world, that's kind of how it is. Only the wealthy and the big banks and corporations are using this. But before the 60s and 70s and the 1900s, I talk about that like it was, you know, centuries ago, 50 years ago, basically, most of America had whole life insurance. Most, I think it's in the 90% range.

But in the past 20, 30 years, people are getting in the buy term, invest the difference, the IRA phase, and they're slowly fading away from it. But that's what our country was actually built on for two centuries before this was life insurance, because it is guaranteed. It's a very efficient environment for money to be because life insurance companies never lose.

Showing 1–20 of 61 · page 1 of 4