Carson Herlean

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.

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.

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.

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.

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 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.

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.

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.

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.

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.

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.