Carson Herlean
👤 PersonAppearances Over Time
Podcast Appearances
It's how you move your money It's how your money flows If you were to look at a product on a sheet, that's not going to show you taking loans out buying rentals Repaying yourself going and financing cars for your family paying them back These different benefits of really doing this aren't shown on a piece of paper. It's shown in the action and the movement of your money and so
It's how you move your money It's how your money flows If you were to look at a product on a sheet, that's not going to show you taking loans out buying rentals Repaying yourself going and financing cars for your family paying them back These different benefits of really doing this aren't shown on a piece of paper. It's shown in the action and the movement of your money and so
I think that's the hard part for people to understand is the product. If you look at a policy on a sheet, you're going to think this doesn't work. And you're right. If you just buy a product, it's not going to work. Nothing's going to happen for you. And it's not just money sitting there stagnant. Money has to move to make money.
I think that's the hard part for people to understand is the product. If you look at a policy on a sheet, you're going to think this doesn't work. And you're right. If you just buy a product, it's not going to work. Nothing's going to happen for you. And it's not just money sitting there stagnant. Money has to move to make money.
You know, that's a, that's a good question.
You know, that's a, that's a good question.
Make it as blunt as possible. You know, I think the hard part about this is understanding money moving for most people and what that means and why becoming your own bank is the phrase we use. And if you actually look up banking online, it will say banking is the business of protecting your money. Interesting. Right. And then if you look up like the verb of banking, how's that a verb?
Make it as blunt as possible. You know, I think the hard part about this is understanding money moving for most people and what that means and why becoming your own bank is the phrase we use. And if you actually look up banking online, it will say banking is the business of protecting your money. Interesting. Right. And then if you look up like the verb of banking, how's that a verb?
It says banking means you are depositing, lending and protecting your money. So when you look at it that way, it's like, OK, well. Where am I doing my banking right now? Somewhere else, Wells Fargo or Chase, where they're choosing the rates, they're protecting my money, they're doing whatever they want with it. How's that my control? How's that helping me? It's not.
It says banking means you are depositing, lending and protecting your money. So when you look at it that way, it's like, OK, well. Where am I doing my banking right now? Somewhere else, Wells Fargo or Chase, where they're choosing the rates, they're protecting my money, they're doing whatever they want with it. How's that my control? How's that helping me? It's not.
And so for us to understand infinite banking, we first need to understand what banking is. And so now that you understand like... You're building your own system to really do this. You're becoming your own private bank that you're in control of everything going on. Because remember, infinite banking is not a policy. It's just the process of your money moving.
And so for us to understand infinite banking, we first need to understand what banking is. And so now that you understand like... You're building your own system to really do this. You're becoming your own private bank that you're in control of everything going on. Because remember, infinite banking is not a policy. It's just the process of your money moving.
But it's literally taking over those banking activities you're doing with somebody else and then doing it in your own private system. And it just so happens to be that life insurance is the best asset to do this with. You could do the same idea with other different types of assets, but life insurance just happens to be the best and most efficient.
But it's literally taking over those banking activities you're doing with somebody else and then doing it in your own private system. And it just so happens to be that life insurance is the best asset to do this with. You could do the same idea with other different types of assets, but life insurance just happens to be the best and most efficient.
And I think people as well think it's a complex idea, but it can be super stupid simple. So if you just understood banking, and then when it comes to a policy, you understand how that operates, it doesn't matter. I just want to flow money through it and go make it work for me. And whole life insurance helps you do that.
And I think people as well think it's a complex idea, but it can be super stupid simple. So if you just understood banking, and then when it comes to a policy, you understand how that operates, it doesn't matter. I just want to flow money through it and go make it work for me. And whole life insurance helps you do that.
Yeah, no, and I know you're building out your system further. You know, the whole idea is, I like how you call it family banking because yes, it's infinite banking. That's the term that's used to describe this, but it is family banking. You're building something for your family long-term because when that death benefit does get paid out, What are they going to do with it?
Yeah, no, and I know you're building out your system further. You know, the whole idea is, I like how you call it family banking because yes, it's infinite banking. That's the term that's used to describe this, but it is family banking. You're building something for your family long-term because when that death benefit does get paid out, What are they going to do with it?
Hopefully you've taught them the right things to do. And now they build their policies further. And now the next generation is going to get a death benefit of five X that you're building the future generations wealth just by you setting up a simple policy and paying off some debt or buying a rental with it. It's really changing the future more than you realize.
Hopefully you've taught them the right things to do. And now they build their policies further. And now the next generation is going to get a death benefit of five X that you're building the future generations wealth just by you setting up a simple policy and paying off some debt or buying a rental with it. It's really changing the future more than you realize.