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Draft:L. Carlos Lara

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L. Carlos Lara
Born
Mexico
NationalityAmerican
Occupation(s)Author, financial consultant, podcast host
Known forInfinite Banking Concept (IBC), Austrian economics
Notable workHow Privatized Banking Really Works, The Case for IBC

L. Carlos Lara is an American financial consultant, author, and business advisor known for his work promoting the Infinite Banking Concept (IBC) and his collaborations with economist Robert P. Murphy and IBC founder R. Nelson Nash. Lara is the co-author of two notable works in the field of alternative finance, How Privatized Banking Really Works and The Case for IBC. He also co-hosts The Lara-Murphy Podcast, a show focusing on Austrian economics and personal financial strategy.

Early life and education

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Lara was born in Mexico and later moved to Texas as a child.[1] Though detailed information on his formal education is limited, Lara became self-educated in Austrian economics and spent much of his professional life in business consulting and finance.[2]

Career

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Lara is the founder and CEO of United Services and Trust Corporation, a financial consulting firm based in Nashville, Tennessee, established in 1976.[3] His early work focused on business restructuring, capital formation, and debtor-creditor negotiations. In the 1980s, Lara taught credit management courses to executives seeking certification through the National Association of Credit Management (NACM).

Lara has also held all the required licenses as a Registered Broker‑Dealer and member of the National Association of Securities Dealers (NASD), with experience in the financial services sector.[4]

Contributions to the Infinite Banking Concept

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Lara is a prominent figure in the IBC community, having collaborated extensively with Nelson Nash, the founder of IBC, and economist Robert Murphy. Together, the trio produced foundational educational content that applies Austrian economics to personal and business finance.

Lara co-authored two major books in the IBC canon:

  • How Privatized Banking Really Works (2010), with Robert P. Murphy[5]
  • The Case for IBC (2018, 2nd ed.), with Nelson Nash and Robert P. Murphy[6]

These books are considered foundational for financial advisors practicing IBC and are used in certification training materials.[7]

Lara also played a key role in developing the IBC Practitioner’s Program, a certification course launched in 2013 to train financial professionals in implementing IBC principles.[8]

Lara is an active member of the board of directors of the Nelson Nash Institute.[9]

Podcast and media

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Lara co-hosts The Lara-Murphy Report (also known as The Lara-Murphy Show), a podcast and monthly publication that explores themes of sound money, Austrian economics, and the application of IBC strategies.[10] The show is co-produced with economist Robert Murphy and has featured discussions on monetary policy, the Federal Reserve, and privatized banking.

Lara has appeared as a guest on numerous economics and finance podcasts, including The Bob Murphy Show, Wealth Without Bay Street, and Cashflow Ninja, often discussing the benefits and philosophy behind Infinite Banking.[11][12][13]

Published works

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  • Lara, L. Carlos; Murphy, Robert P. (2010). How Privatized Banking Really Works: Integrating Austrian Economics with the Infinite Banking Concept. United Services & Trust Corporation. ISBN 978-0982693707.
  • Nash, R. Nelson; Lara, L. Carlos; Murphy, Robert P. (2018). The Case for IBC (2nd ed.). Infinite Banking Institute.

Lara also contributes regularly to newsletters, whitepapers, and the monthly Lara-Murphy Report, providing commentary on macroeconomics, policy, and alternative financial strategies.[14]

Personal life

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Lara resides in Nashville, Tennessee. He continues to consult with private business clients while promoting IBC education through public speaking and digital media. In 2019, Lara had a stroke and lost some of his memory.[15]

See also

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References

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  1. ^ "Bob Murphy Show Ep. 2: A Conversation With Carlos Lara" (Podcast). Bob Murphy Show. 2018-11-06.
  2. ^ "Carlos Lara Biography". 16 April 2019. Retrieved 2025-06-09.
  3. ^ "Carlos Lara: How Privatized Banking Really Works". Cashflow Ninja. 2017-05-15. Retrieved 2025-06-09.
  4. ^ "CARLOS LARA III – BrokerCheck Report" (PDF). FINRA. Retrieved 2025-06-09.
  5. ^ Lara, L. Carlos; Murphy, Robert P. (2010). How Privatized Banking Really Works. United Services & Trust Corporation. ISBN 978-0615326825.
  6. ^ Nash, R. Nelson; Lara, L. Carlos; Murphy, Robert P. (2018). The Case for IBC. Infinite Banking Institute.
  7. ^ "IBC Practitioners Program". The Official Site for the Infinite Banking Concept - R. Nelson Nash. Retrieved 2025-06-09.
  8. ^ "Nelson Nash Institute - Practitioner Program". The Official Site for the Infinite Banking Concept - R. Nelson Nash. Retrieved 2025-06-09.
  9. ^ "NNI Leadership". Retrieved 2025-06-09.
  10. ^ "Lara-Murphy Report". The Official Site for the Infinite Banking Concept - R. Nelson Nash. Retrieved 2025-06-09.
  11. ^ "The Bob Murphy Show: Ep. 2 A Conversation With Carlos Lara" (Podcast). 2018-11-06.
  12. ^ "Cashflow Ninja: The Case for Privatized Banking" (Podcast). 2020-04-14.
  13. ^ "Wealth Without Bay Street: Carlos Lara Interview" (Podcast). 2020-09-22.
  14. ^ "Lara-Murphy Archives". The Official Site for the Infinite Banking Concept - R. Nelson Nash. Retrieved 2025-06-09.
  15. ^ "The Lara-Murphy Report Episode 74: Carlos Lara Explains His Absence, and How He's Back in the Saddle" (Podcast). 2019-09-09. Retrieved 2025-06-09.
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