Carson Herlean

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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.

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

They make money when the market's good, when the market's bad, they're always growing. And so to your point, let's social proof this idea. Yes, millionaires, billionaires do this. And the IRS has even tried to outlaw this a couple times, which signals something that we should pay attention to. They try and do that to favorable things for most people. And I've met with someone worth millions.

nine ten figures who do this i've also met with someone who makes 10 grand a month by five grand a month and they do this and so it isn't just those rich individuals and it's this policy itself in regard to the the mechanics of it it's not an investment vehicle like you said it has a low rate of return i'm not buying this for a return I'm buying it for the attributes that it has.

Just like when you purchase a business or you buy a rental property, it's not just the cash flow. There's other aspects that are involved. There's more attributes of the deal that make this intriguing. And so I'm seeking specific attributes that I know will produce results. And that's why I use whole life insurance. I want to store my profits here. We have to store it somewhere.

Yeah. And most people think that storing your money in a business is a great idea. Well, businesses can get sued. Businesses lose money. There's risk. People like storing money in real estate. But if you store all your money in real estate, there's no debt on your properties. Well, you're still getting the same rent and you have the home paid off. Might as well use that money. It's not liquid.

It's not working for you. And so those are less efficient environments to store money. But life insurance... It's going to be sitting there, liquid, available, and earning at the same time. So it's just a more efficient environment to store profit. And that's really what everybody can do, wealthy or not.

It's a great question. Um, I think it's because people don't have good money habits to start. It's 90% of America don't even save or don't budget. And that alone, you can't understand the basics of thinking long term. You're never going to be able to do something like this because this is very long term thinking. And there's a death benefit attached.

This is a low rate of return over long periods of time. This is not a get rich quick scheme or a crypto run. This is a very long term mindset you have to have. And just most Americans can't do that. And so those who can, those who understand that and are able to put off instant gratification for long term, they're the individuals who get this very quickly.

And so it's really the mindset that it starts with. And once they have that down, like you said, you're on to the other side of it. And it opens up a whole new world of possibilities.

Yeah, that's a great example, great idea. So let's say, we'll just throw some basic numbers out there. Let's say you wanna buy a rental property for 200 grand. You wanna put 20% down. So you need 40 grand to put down on this property. And you wanna hold this property long-term. And the property cashflow is a thousand bucks a month, we'll just say.

Well, where are you gonna store your down payment while you wait for the property? And then once you do put the down payment and you have cashflow, where are you gonna put the cashflow? Well, you could do it the traditional route, pay cash or down payment out of your pocket, leave the money in the house, get the cash flow, save it up, go buy another rental, and you can do that game all day long.

But what if that 40 grand of a down payment came from a policy? So you stored it here first, you took a loan against your policy, put the 40K down for the property. Now, let's think about that. You now still have 40 grand of equity in the house. You still have the rental. You still have the cash flow.

But that 40K is also sitting inside the policy, compounding, like you said, 6% whatever percent this year, tax-free, which is comparable to a 9%, 8% gain taxed. It does provide a death benefit in case something happened to you to even pay off the mortgage. And if you were ever sued, no one could touch your policy.

So you're less risk, more gains, making money twice at the same time, and you have a death benefit attached to the same deal you would have otherwise done. And then when you have the $1,000 a month of cash flow, where are you going to put it? Just put it back in the policy. Store it here.

When it gets to another $40,000, you go buy another one and just rinse and repeat that cycle through the policy. So it's not... I think people think sometimes, oh, should I diversify and do a policy and a rental or a policy and my IRA? It's like, well, hey, this is not pick or choose. This is what I call the and asset as a nickname of whole life because it's the and asset.

You can put it here and go do those investments at the same time. And that's what I think it's hard for people to understand is you can do both. And whole life insurance is one of the only vehicles that allows you to do that. And that's why it's favorable.

That's a good question. I think it almost forces you to be careful, right? Because it is life insurance. There is a life insurance premium a part of this. And if you don't pay that premium, you could lose the policy. And so it almost forces you to keep saving money.

And for most of Americans who work nine to five and are struggling to save money, this is almost a good step forward to just force yourself to save. And yes, you get all those benefits you've talked about.

Yes, you can go and buy rentals or do whatever you want, but it's at least forcing you to put money aside and it's going to produce a much larger retirement, most likely than any other thing you're going to do. And so I think that's a very basic answer, but it's what most people need to hear.

Yeah, that's a funny thing you just mentioned. It's funny when we were in boardroom, you know, an event we both attend. Everyone there knows what this is and everyone there makes money, whether it's a good amount of money or a ton of money. They all do it. And so I think you're exactly right. It's about the network you're a part of.

But I think a lot of people think that they look at a policy itself and they say, oh, this is a scam. It's like, well, yeah, it's just a product you're looking at. You're just looking at a payment for a death benefit and it has some cash value. That's just a product. An infinite banking and this strategy is not a product. It's not a policy.

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