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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

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.

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.

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

And so that's kind of like my mom, what she would do, I think like most Americans, they'd open up every month. Now it's an email, right? But they open up the email or the letter. My mom's still old school, right? She would open up the letter. And all she would look at is if the account did what? Went up or down. And then she would just file it. She has no idea where the money's at.

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

And so that's kind of like my mom, what she would do, I think like most Americans, they'd open up every month. Now it's an email, right? But they open up the email or the letter. My mom's still old school, right? She would open up the letter. And all she would look at is if the account did what? Went up or down. And then she would just file it. She has no idea where the money's at.

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

And so that's kind of like my mom, what she would do, I think like most Americans, they'd open up every month. Now it's an email, right? But they open up the email or the letter. My mom's still old school, right? She would open up the letter. And all she would look at is if the account did what? Went up or down. And then she would just file it. She has no idea where the money's at.

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

That's how rich America is.

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

That's how rich America is.

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

That's how rich America is.

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

Well, and you don't get rich that way. You know, like if you want to really invest and get rich, it's like I'll give you an example. And I mean, you're right on the point here because I think people think that 25K is too small because, again, they don't understand what I said. They think, oh, if I want to buy 200K property, I need 200 grand. But it's not the case like buying your own house.

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

Well, and you don't get rich that way. You know, like if you want to really invest and get rich, it's like I'll give you an example. And I mean, you're right on the point here because I think people think that 25K is too small because, again, they don't understand what I said. They think, oh, if I want to buy 200K property, I need 200 grand. But it's not the case like buying your own house.

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

Well, and you don't get rich that way. You know, like if you want to really invest and get rich, it's like I'll give you an example. And I mean, you're right on the point here because I think people think that 25K is too small because, again, they don't understand what I said. They think, oh, if I want to buy 200K property, I need 200 grand. But it's not the case like buying your own house.

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

Right. Like I bought one of my, I think it was my third deal back in the UK. It was like my best deal. I put 25K, a bit more, 30K in, mortgaged the rest on it. And that house was doubled in value in the last 10 years. And it makes about 15, 20 grand a year net profit. So it's like, you know, in 10 years I make 200 grand profit and it's doubled in value when I sell it. from a 25 grand investment.

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

Right. Like I bought one of my, I think it was my third deal back in the UK. It was like my best deal. I put 25K, a bit more, 30K in, mortgaged the rest on it. And that house was doubled in value in the last 10 years. And it makes about 15, 20 grand a year net profit. So it's like, you know, in 10 years I make 200 grand profit and it's doubled in value when I sell it. from a 25 grand investment.

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

Right. Like I bought one of my, I think it was my third deal back in the UK. It was like my best deal. I put 25K, a bit more, 30K in, mortgaged the rest on it. And that house was doubled in value in the last 10 years. And it makes about 15, 20 grand a year net profit. So it's like, you know, in 10 years I make 200 grand profit and it's doubled in value when I sell it. from a 25 grand investment.

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

I made like a 10x on that money in cash, plus another probably 150k in value add. So it's like insane returns, right? You're never going to get anything close to that. And that was with, you know, a small 25, 30 grand. I found a cheap house and a good deal and made it a value add so I could rent it for way more than the average. And you just got to get creative, right?

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

I made like a 10x on that money in cash, plus another probably 150k in value add. So it's like insane returns, right? You're never going to get anything close to that. And that was with, you know, a small 25, 30 grand. I found a cheap house and a good deal and made it a value add so I could rent it for way more than the average. And you just got to get creative, right?

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

I made like a 10x on that money in cash, plus another probably 150k in value add. So it's like insane returns, right? You're never going to get anything close to that. And that was with, you know, a small 25, 30 grand. I found a cheap house and a good deal and made it a value add so I could rent it for way more than the average. And you just got to get creative, right?

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

I mean, you'll agree it's like the creative deal structure.

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

I mean, you'll agree it's like the creative deal structure.

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

I mean, you'll agree it's like the creative deal structure.