Carson Herlean
👤 PersonAppearances Over Time
Podcast Appearances
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.