Greg Herlean
speaker
84 appearances
1 recordings
1 series
first heard Nov 2024
last heard Nov 2024
Greg Herlean’s voice in public audio — every appearance, attributed to the second.
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Appearances
That is a lot, right?
Yeah, there's over 100 million IRAs in the United States, just obviously here, that have over $17 trillion in them. So if you're listening to this and you're like, hey, I don't know where to find money, most likely the person to your left or right has some of their money in a retirement account that frankly, besides this last week, right?
This last week was good in the stock market, but besides that, It just goes up and down and people are frustrated and have no control of that. So what's, I think, exciting is learning about this concept and realizing that there's opportunities all around you for you to leverage, for you to borrow, for you to use to scale your business. And that's why this subject is so near and dear to my heart.
And it's how I've got where I am today.
Yeah, and I mean, I think people like Trump are a good example, right? Like, I'm not into politics, and whether you love or hate him, it's like, you know, he built a lot of his wealth from loaning money and stuff, and then he also saved a lot on taxes by... On taxes, right? You know, so it's like a lot of the smartest people are doing that.
And you always see, I think it's funny in the news, right? Like you see these articles where it's like Jeff Bezos pays zero in taxes or whatever, right? And it's like, you know, obviously they are paying a lot in taxes and many other ways because there's lots of different types of taxes. But yeah, I mean, you have to be smart about these things, because if not, if you just
kind of just pay everything at face value without doing any sort of advanced strategy, it gets kind of ridiculous. So I think the access to capital is so key too, because everyone, like you said, they just think about the bank, right? That's the go-to place. So how do they start using this method we're talking about? Where would someone start and how would they go about this?
Well, look, one of the big things and secrets I feel like that is really not a secret, the wealth are using these things. Like you just mentioned, the wealthy keep getting richer and bigger because they're using these techniques that are approved. There's no scam. This is approved by the rich, the IRS, or the government officials and lobbyists. So look, advisors in general are good people.
So I'm not here to hate on advisors. They're right for majority of America, frankly.
But for entrepreneurs... Designed for the average guy saving 10 grand, right? Not entrepreneurs.
That's right. And has the nine to five job who doesn't want to put a little more emphasis and energy into building or scaling their business or doing something new. Excuse me. But for those individuals that are looking to invest and use their monies in businesses...
precious metals, real estate, Bitcoin, cryptocurrency, all these other alternative assets that you can't use your IRA with, you can do that. And that's my message. I started a company 15 years ago to teach people how to unlock and teach them the secrets that their advisor might not share with them.
Advisors aren't going to say, hey, you know what, Rudy, this is great that you want to invest in this new business. Why don't you move your money, part of it from me, from your IRA account and invest in that new business? Why would he or she say that? They won't. In general, because they lose the fees when they do that. Now, some don't care, right? But most aren't going to advise that.
Also, because... they're not fiduciaries of that. They can't tell you what the risks are.
Well, look, I think everything's high risk outside of like the most basic investment strategy.
That's right. Even the stock market, right? I mean, what would have happened to Tesla if Trump lost last, you know, this last, right? I mean, for that week, it probably would have gone the other direction. So I don't like putting my hard-earned money that I put into retirement accounts, investing in particular in people I don't know, Or in deals I can't control.
And so that's what's so powerful about this message is most people don't know they can use their retirement money to invest in things they know, like, and understand. And that's what's not only exciting, but it's fun. Like, if you were to show me a new business that you were going to start, I could put my IRA, partner with you,
And all the profits and distributions would go back into my IRA and I'd pay nothing in taxes. And if it's in my Roth, I'll never pay taxes when I pull it out.
Yeah, and I think that's one of the ways, you know, I obviously have a team that manage all, but from my understanding, you know, every year you can put a certain amount in tax-free, right? And then that's what you can then use to reinvest.
And most entrepreneurs, because I used to do this wrong, where I just take that money and invest it, where it's like there's a middle step that I was missing, right? I should put something there and then do it that way. Can you say something for a minute? Absolutely.
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