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Greg Herlean

👤 Person
252 total appearances

Appearances Over Time

Podcast Appearances

Living The Red Life
Secrets To Success From Finanical Master Greg Herlean

Yeah. So I think that's like to me, again, not finance advice, but to me, that's something that it became a bit of a no brainer to me because then, yeah, you can use that to invest in some stuff. So what what what else are people missing? We talked a bit a bit about that. Um, I, you know, the real estate means a big thing.

Living The Red Life
Secrets To Success From Finanical Master Greg Herlean

Like I, you know, got married and, um, my, my wife's, uh, took up real estate and, you know, full-time real estate investor now. Um, and I know that there's a, you know, important if you are doing it more than, uh, anything else and it becomes full-time as you can get accelerated depreciation. So that's the important one if you're doing real estate too.

Living The Red Life
Secrets To Success From Finanical Master Greg Herlean

Like I, you know, got married and, um, my, my wife's, uh, took up real estate and, you know, full-time real estate investor now. Um, and I know that there's a, you know, important if you are doing it more than, uh, anything else and it becomes full-time as you can get accelerated depreciation. So that's the important one if you're doing real estate too.

Living The Red Life
Secrets To Success From Finanical Master Greg Herlean

Like I, you know, got married and, um, my, my wife's, uh, took up real estate and, you know, full-time real estate investor now. Um, and I know that there's a, you know, important if you are doing it more than, uh, anything else and it becomes full-time as you can get accelerated depreciation. So that's the important one if you're doing real estate too.

Living The Red Life
Secrets To Success From Finanical Master Greg Herlean

Yeah, I mean, that's good for that asset class. I'd say the thing that I think a lot of people forget about when we talk about self-directing is you and I just talked about contributions, people that want to save and put money away. The 100 million accounts I'm talking about that have 17 trillion, almost probably 50% of your listeners have an old 401k from a previous employer.

Living The Red Life
Secrets To Success From Finanical Master Greg Herlean

Yeah, I mean, that's good for that asset class. I'd say the thing that I think a lot of people forget about when we talk about self-directing is you and I just talked about contributions, people that want to save and put money away. The 100 million accounts I'm talking about that have 17 trillion, almost probably 50% of your listeners have an old 401k from a previous employer.

Living The Red Life
Secrets To Success From Finanical Master Greg Herlean

Yeah, I mean, that's good for that asset class. I'd say the thing that I think a lot of people forget about when we talk about self-directing is you and I just talked about contributions, people that want to save and put money away. The 100 million accounts I'm talking about that have 17 trillion, almost probably 50% of your listeners have an old 401k from a previous employer.

Living The Red Life
Secrets To Success From Finanical Master Greg Herlean

In the last six to seven years, everyone's changed jobs. When I say everyone, a large percentage. So therefore you have this old 401k and a lot of people are like, oh, it only has $25,000. I'm just going to, I don't know what it's really doing. I think a big miss is people are not paying attention to the $25,000 accounts that they own, these 401ks. Those accounts from previous employers are

Living The Red Life
Secrets To Success From Finanical Master Greg Herlean

In the last six to seven years, everyone's changed jobs. When I say everyone, a large percentage. So therefore you have this old 401k and a lot of people are like, oh, it only has $25,000. I'm just going to, I don't know what it's really doing. I think a big miss is people are not paying attention to the $25,000 accounts that they own, these 401ks. Those accounts from previous employers are

Living The Red Life
Secrets To Success From Finanical Master Greg Herlean

In the last six to seven years, everyone's changed jobs. When I say everyone, a large percentage. So therefore you have this old 401k and a lot of people are like, oh, it only has $25,000. I'm just going to, I don't know what it's really doing. I think a big miss is people are not paying attention to the $25,000 accounts that they own, these 401ks. Those accounts from previous employers are

Living The Red Life
Secrets To Success From Finanical Master Greg Herlean

qualify to self-direct to then invest in what we're talking about. And I see people wholesaling with their accounts. I see people buying and holding Airbnbs with their retirement accounts. Obviously, crypto this last week has been really good too for certain people. But I don't want to just pick on this last week because I can just look at throughout history

Living The Red Life
Secrets To Success From Finanical Master Greg Herlean

qualify to self-direct to then invest in what we're talking about. And I see people wholesaling with their accounts. I see people buying and holding Airbnbs with their retirement accounts. Obviously, crypto this last week has been really good too for certain people. But I don't want to just pick on this last week because I can just look at throughout history

Living The Red Life
Secrets To Success From Finanical Master Greg Herlean

qualify to self-direct to then invest in what we're talking about. And I see people wholesaling with their accounts. I see people buying and holding Airbnbs with their retirement accounts. Obviously, crypto this last week has been really good too for certain people. But I don't want to just pick on this last week because I can just look at throughout history

Living The Red Life
Secrets To Success From Finanical Master Greg Herlean

that I've been doing this 20-something years, getting consistent returns, investing in asset classes you understand will outperform generally the market. Now, I'm not a financial advisor. I'm not going to give you advice of what to invest in.

Living The Red Life
Secrets To Success From Finanical Master Greg Herlean

that I've been doing this 20-something years, getting consistent returns, investing in asset classes you understand will outperform generally the market. Now, I'm not a financial advisor. I'm not going to give you advice of what to invest in.

Living The Red Life
Secrets To Success From Finanical Master Greg Herlean

that I've been doing this 20-something years, getting consistent returns, investing in asset classes you understand will outperform generally the market. Now, I'm not a financial advisor. I'm not going to give you advice of what to invest in.

Living The Red Life
Secrets To Success From Finanical Master Greg Herlean

it basically matches inflation, right?

Living The Red Life
Secrets To Success From Finanical Master Greg Herlean

it basically matches inflation, right?

Living The Red Life
Secrets To Success From Finanical Master Greg Herlean

it basically matches inflation, right?

Living The Red Life
Secrets To Success From Finanical Master Greg Herlean

So it's not, it doesn't move the needle. And so I just want to bring that up because I feel like when we talk about this message, people are like, okay, this sounds cool. Maybe I'll contribute to an account or start an account. If you have a current 401k or an old 401k, not current, those qualify, right? Or if you have an IRA account.