Generational Gains

Welcome back to another episode of Generational Gains with Greg and Carson Herlean! Today, we're diving into our recent experience at Kent Clothier's Boardroom event in Seattle.

In this episode, we discuss:
- The value of attending masterminds and events.
- Key takeaways from the Boardroom, including the power of fighting mediocrity and the importance of scaling your business.
- Insights on how to find success and maintain motivation in any market.

Join us as we share our personal experiences and lessons learned from this impactful event. Whether you're a seasoned entrepreneur or just starting, you'll find valuable insights to apply to your own business.

Timestamps:
0:00 - Introduction
0:09 - The Importance of Masterminds
1:14 - Overview of Kent Clothier's Boardroom
3:47 - Carson's Key Takeaways: Fighting Mediocrity
5:54 - The Power of Doing a Little Bit More
8:04 - Insightful Stories from the Boardroom
12:18 - Scaling Your Business Smartly
20:09 - The Role of Like-Minded Communities
22:04 - Leadership Attributes and Commitment
24:12 - Final Thoughts and Encouragement

Watch the full video episode on Greg's YouTube Channel here: https://www.youtube.com/@gregherlean

Follow and connect with Greg on IG: https://www.instagram.com/gregherlean/

Check out Greg's website here: https://www.gregherlean.com/

Carson's IG: https://www.instagram.com/c.herlean/

Carson's TikTok: https://www.tiktok.com/@carsonherlean

In this episode, we dive into one of the most frequently asked topics: LLCs. We'll cover why and when to establish an LLC, its benefits for business owners and investors, and how to properly utilize them. Additionally, we explore the importance of living trusts and wills, and how they can protect your assets and loved ones.

Key Topics Covered:

• The benefits and reasons for setting up an LLC
• Differences between LLCs, S Corps, and C Corps
• Asset protection and tax advantages of LLCs
• The significance of trusts in estate planning
• When to set up a trust and its advantages over wills

Timestamps:
0:00 - Introduction
0:09 - Why LLCs are crucial
1:10 - Carson’s experience with LLCs for real estate
2:21 - Liability protection with LLCs
4:11 - Different types of LLC setups
5:57 - When to set up your first LLC
7:25 - The importance of separating business entities
10:47 - Naming your LLC for anonymity
13:05 - The role of living trusts
17:01 - Protecting assets with Nevada onshore trusts
22:23 - Avoiding probate with trusts
24:11 - Final advice on business structures and trusts

Whether you're a seasoned business owner or just starting out, this episode offers valuable insights into structuring your business for success and protecting your assets for the future. Don't forget to like, comment, and subscribe for more episodes!

Watch the full video episode on Greg's YouTube Channel here: https://www.youtube.com/@gregherlean

Follow and connect with Greg on IG: https://www.instagram.com/gregherlean/

Check out Greg's website here: https://www.gregherlean.com/

Carson's IG: https://www.instagram.com/c.herlean/

Carson's TikTok: https://www.tiktok.com/@carsonherlean

Join Greg and Carson Herlean in this enlightening episode of Generational Gains as they dive into the nuanced world of real estate investment and tax strategies.

Whether you're a seasoned investor or a newcomer eager to learn about leveraging assets and minimizing tax liabilities legally, this podcast is for you.

Today, they explore how high-profile figures like Donald Trump utilize tax laws to their advantage, discuss the significance of cost segregation, and share personal insights on using debt for wealth accumulation.

Perfect for anyone interested in growing their wealth smarter and faster by mastering the rules of the game.

Watch the full video episode on Greg's YouTube Channel here: https://www.youtube.com/@gregherlean

Follow and connect with Greg on IG: https://www.instagram.com/gregherlean/

Check out Greg's website here: https://www.gregherlean.com/

Carson's IG: https://www.instagram.com/c.herlean/

Carson's TikTok: https://www.tiktok.com/@carsonherlean

Welcome to another episode of the Generational Gains podcast with Greg Herlean and Carson Herlean! In this exciting part two of our discussion on qualified vs. non-qualified money, we dive into some unique investment strategies that go beyond the traditional stock market and real estate.

Timestamps:
0:00 - Introduction
0:16 - Recap of Part One: Qualified vs. Non-Qualified Money
0:32 - Overview of Today's Episode
0:55 - Carson's Investment Criteria: Appreciation, Leverage, Taxes, Cash Flow
2:43 - Long-Term Rentals: The Ideal Investment
3:17 - Forklift Flipping: A New Venture
6:28 - Gap Funding: Earning Passive Returns
9:27 - Semi-Truck Investing: Helping Truck Drivers Own Their Rigs
13:08 - Business Start-Ups: Factoring Real Estate Commissions
14:17 - Investing in Cutting Horses: A Unique Opportunity
16:26 - Invest in What You Know and Understand
18:22 - Weekly Highlights: Sweet, Sour, and Service

Join us as we share our personal investment experiences, from forklift flipping and semi-truck financing to the unconventional world of cutting horses. Whether you're looking for new ideas or just curious about alternative investments, this episode has something for everyone.

Subscribe to Generational Gains for weekly insights on money, real estate, financial tips, and life lessons from two generations.

Watch the full video episode on Greg's YouTube Channel here: https://www.youtube.com/@gregherlean

Follow and connect with Greg on IG: https://www.instagram.com/gregherlean/

Check out Greg's website here: https://www.gregherlean.com/

Carson's IG: https://www.instagram.com/c.herlean/

Carson's TikTok: https://www.tiktok.com/@carsonherlean

Welcome back to Generational Gains! Join Greg Herlean and his son, Carson Herlean, as they dive deep into effective wealth management strategies. In this episode, they break down the infinite banking concept (IBC) and different types of retirement accounts, providing valuable insights on:

• The basics of infinite banking and its benefits
• Qualified vs. non-qualified money
• Effective use of 401k, Roth IRA, and other retirement accounts
• Practical advice on building a strong financial foundation
• Real-life examples and expert tips from Greg and Carson

Whether you're new to financial planning or looking to enhance your wealth-building strategy, this episode offers practical advice and actionable steps to help you achieve financial freedom. Don't miss out on learning how to take control of your finances and secure your future!

0:00 - Introduction
0:21 - Asset Classes & Money Management
1:01 - Infinite Banking Concept (IBC)
4:29 - Setting Up Your IBC Policy
11:13 - Understanding Retirement Accounts
17:03 - Qualified vs. Non-Qualified Money
20:45 - Choosing the Right Financial Strategy for You
26:02 - Sweet, Sour, and Service: Weekly Highlights

Subscribe for more financial tips and strategies!

Watch the full video episode on Greg's YouTube Channel here: https://www.youtube.com/@gregherlean

Follow and connect with Greg on IG: https://www.instagram.com/gregherlean/

Check out Greg's website here: https://www.gregherlean.com/

Carson's IG: https://www.instagram.com/c.herlean/

Carson's TikTok: https://www.tiktok.com/@carsonherlean

Welcome to the Generational Gains podcast, where Greg Herlean and his son Carson Herlean discuss all things business and life.

In this episode, Greg, a seasoned real estate and business owner, and Carson, who is two years into his journey in real estate and infinite banking, share their experiences, lessons learned, and insights on mentorship.

From childhood influences to current-day challenges and triumphs, they delve deep into the importance of work-life balance, the power of mentorship, and the significance of leading with love and integrity.

Join them for an enlightening conversation that bridges generations and offers valuable takeaways for anyone looking to succeed in business and life.

Topics covered in this episode:
- Introduction and background of Greg and Carson Herlean
- Carson's journey in real estate and infinite banking
- Greg's experience and mentorship influences
- The impact of family and mentors on personal and professional growth
- Lessons learned from key mentors in their lives
- The importance of leading with love and maintaining work-life balance
- Reflecting on the true value of money, relationships, and personal integrity

Don't forget to like, comment, and subscribe for more episodes of Generational Gains!

Watch the full video episode on Greg's YouTube Channel here: https://www.youtube.com/@gregherlean

Follow and connect with Greg on IG: https://www.instagram.com/gregherlean/

Check out Greg's website here: https://www.gregherlean.com/

Carson's IG: https://www.instagram.com/c.herlean/

Carson's TikTok: https://www.tiktok.com/@carsonherlean

Welcome to our latest video, where we dive into essential strategies for achieving work-life balance, financial freedom, and personal growth. In this conversation, we discuss:

- Work-Life Balance: How to set realistic goals and enjoy life while preparing for the future.

- Financial Strategies: Tips on saving, budgeting, and investing to ensure a secure financial future.

- Continuous Learning: The importance of prioritizing self-education and personal development.

- Family Support & Happiness: How nurturing family relationships leads to fulfillment and joy.

Join us as we share insights, personal stories, and practical advice to help you strike the perfect balance between professional success and a joyful, fulfilling personal life. Don't forget to like, share, and subscribe for more valuable tips and discussions!

Watch the full video episode on Greg's YouTube Channel here: https://www.youtube.com/@gregherlean

Follow and connect with Greg on IG: https://www.instagram.com/gregherlean/

Check out Greg's website here: https://www.gregherlean.com/

Carson's IG: https://www.instagram.com/c.herlean/

Carson's TikTok: https://www.tiktok.com/@carsonherlean

Join Carson Herlean and his dad, Greg Herlean, in this enlightening episode of the Generational Gains Podcast Episode 13 where they dive into the everyday annoyances of communication in business and personal life.

From handling frustrating messages about late payments to last-minute deal pressures, they share personal anecdotes and valuable insights on improving communication and managing expectations effectively.

Timestamps:
0:00 - Introduction: Everyday Annoyances in Messages
1:00 - Discussing the Types of Messages We Dislike
2:07 - Investor Messages and Handling Disappointments
3:55 - The Challenges of Late Payments and Insurance Issues
10:15 - Setting Expectations with Investors
16:03 - Importance of Advance Planning in Business Deals
18:04 - Effective Communication Strategies
21:00 - Honest Conversations About Annoying and Valid Calls
23:30 - Episode Wrap-up: Sweet and Sour of the Week

Whether you're a business owner, investor, or just navigating daily communications, this episode offers practical advice on turning annoying situations into learning opportunities.

Don't forget to subscribe for more insights and join us as we explore the dynamics of father-son wisdom in business and life.

Watch the full video episode on Greg's YouTube Channel here: https://www.youtube.com/@gregherlean

Follow and connect with Greg on IG: https://www.instagram.com/gregherlean/

Check out Greg's website here: https://www.gregherlean.com/

Carson's IG: https://www.instagram.com/c.herlean/

Carson's TikTok: https://www.tiktok.com/@carsonherlean

Welcome to another episode of Generational Gains, where a father and son duo dive deep into the realms of business, real estate, money management, and more. Drawing from decades of experience, they share insights and lessons learned from different stages of their careers.

In this episode, we tackle the topic of business partnerships. We explore the pros and cons, share personal experiences, and discuss strategies for success and potential pitfalls. From the value of complementary skill sets to the challenges of aligning goals and navigating breakups, we cover it all.

Whether you're considering a new partnership or reflecting on existing ones, join us for an honest and insightful conversation that will help you navigate the complexities of business relationships.

Timestamps:
0:00 - Introduction
0:30 - The dynamics of father-son business perspectives
1:00 - The importance of business partnerships
2:00 - Positive experiences and scaling businesses with partners
3:00 - Challenges and lessons learned from past partnerships
4:00 - The role of mentorship in partnerships
5:00 - Navigating the end of partnerships and preparing for breakups
6:00 - The impact of partnerships on personal growth and business evolution
7:00 - Advice for finding and choosing the right business partners
8:00 - The pros and cons of partnering with a spouse in business
9:00 - Strategies for maintaining focus and avoiding spreading yourself too thin
10:00 - Closing thoughts and takeaways on partnerships

Subscribe to Generational Gains for more insights on life, business, and personal growth. Share your thoughts and experiences with business partnerships in the comments below, and let us know what topics you'd like us to cover in future episodes.

Watch the full video episode on Greg's YouTube Channel here: https://www.youtube.com/@gregherlean

Follow and connect with Greg on IG: https://www.instagram.com/gregherlean/

Check out Greg's website here: https://www.gregherlean.com/

Carson's IG: https://www.instagram.com/c.herlean/

Carson's TikTok: https://www.tiktok.com/@carsonherlean

In this episode of Generational Games, the father and son duo dive deep into the world of personal and business finances...

They share their experiences and insights on budgeting, saving, investing, and managing cash flow.

From the importance of knowing your numbers to the challenges of scaling a business, they cover it all.

Join them as they explore the impact of financial management on relationships, the importance of leading by example, and the power of dreaming big.

Whether you're looking to improve your personal finances or grow your business, this episode is packed with valuable tips and real-life lessons.

Don't forget to stay until the end for their sweet, sour, and service segment!

Watch the full video episode on Greg's YouTube Channel here: https://www.youtube.com/@gregherlean

Follow and connect with Greg on IG: https://www.instagram.com/gregherlean/

Check out Greg's website here: https://www.gregherlean.com/

Carson's IG: https://www.instagram.com/c.herlean/

Carson's TikTok: https://www.tiktok.com/@carsonherlean