[00:00:00] Intro: Welcome to Private Banking Strategies Podcast with Vance Low and Seth Hicks, your secret weapon to protect your assets and never have to start over financially again. Vance and Seth help high net worth individuals, families, business owners, and investors structure and asset protected fortress for their families.
[00:00:21] Intro: Learn how to keep what you earn and use the velocity of money. To create your own private banking system. Join us on this journey as we explore the secret strategies of the rich and political elite and help you take total control of your financial security now onto the show.
[00:00:48] Host: Hey, what’s good y’all? It’s C Will and this is The Passive Income Network. On this podcast, we talk about investing in assets that produce passive income. Make sure you hit that like button, [00:01:00] subscribe and leave a comment and say what’s good. On this episode, we have a special podcast feature with Vance D, low of private banking strategies.
[00:01:10] Host: Welcome to the show, Vance.
[00:01:12] Vance Lowe: Thank you so much. It’s such a pleasure to be here. I’ve really been looking forward to it.
[00:01:17] Host: Well, same here. This is gonna be a great show. I know the audience will get a lot of good, valuable information. So let’s, let’s begin with a little background of who you are and where to put you into this path.
[00:01:28] Vance Lowe: Well, I’ve been a money manager for a long time, 37 years.
[00:01:34] Host: Oh, nice.
[00:01:35] Vance Lowe: And then I had a life changing event. You know, one of these things that just mess your whole life up. One of my clients brought me in a book about 19 years ago. Okay. And just screwed up my life. Was Nelson Nash’s book Becoming Your Own Banker?
[00:01:54] Vance Lowe: As a money manager and helping people trying to retire financially [00:02:00] independent and being able to. Live longer than their money’s gonna last was, was the goal. And then to find out that in my career and everything we were trying to do was wrong, completely wrong. So we have, I think, some exciting news to share with everybody that’ll tailor exactly what you’re focused on and everything else.
[00:02:24] Vance Lowe: So I’m really looking forward to this.
[00:02:27] Host: Oh, thank you. Let’s, well, let’s get into it. Let’s start with. Can we start with 4 0 1 Ks? Sure. Okay. So I wanna start with a 4 0 1 KA little, a little side note. I was working for a company and, you know, we’re investing our money into this 401k. They gave us a, a matching up to 7%.
[00:02:46] Host: I found out there was a vesting schedule on there. So you, it has to be after five years, you can get the 7% match. Very frustrating, and a lot of my peers don’t like the fact that you have to, you know, wait, and then you, they [00:03:00] realize you receive a lot of penalties if you take out money early and things of that nature.
[00:03:04] Host: What is your opinion on 4 0 1 Ks?
[00:03:07] Vance Lowe: Well, let me start with telling you what the founder of 4 0 1 Ks said two years ago. Oh,
[00:03:14] Host: okay.
[00:03:14] Vance Lowe: 4 0 1 Ks are dead. I wish I had never invented the monster. So here’s the, here’s the thing with that. This is what, where we want to go, we want to break away. I’m all about breaking away what from what’s called the herd mentality.
[00:03:34] Vance Lowe: Okay? So you have to dig in who’s the herd mentality, why do we think the way we do about money or. The false notions that we have about money that are incorrect, why do we think they’re correct?
[00:03:48] Host: Yes,
[00:03:48] Vance Lowe: and it all stems from banking. Banking, you know, took over our country back in the early 19 hundreds.
[00:03:54] Vance Lowe: People don’t know. We lost a war. I call it the war of 1900 when the Federal Reserve took [00:04:00] over.
[00:04:00] Host: 1913.
[00:04:02] Vance Lowe: Yeah. They took, they, it was the Federal Reserve that created the IRS. It was the Federal Reserve that mandated social security. It was the Federal Reserve, which is the worst. Took over our education system.
[00:04:15] Vance Lowe: Yes. And totally extricated completely eliminated what America grew up on and made it so powerful when it came to money. So in a 401k, you know, we believe we want to put the money to work and there’s always choices in 4 0 1 Ks, right?
[00:04:34] Host: Yes, there’s a few
[00:04:35] Vance Lowe: and everybody looks at 4 0 1 Ks and they look at the average returns.
[00:04:40] Vance Lowe: Now if we follow, oh gosh, I’ll think of his name here in a minute. Anyway, he advises us to make sure we always ask the correct questions and we don’t. There is a difference between average rate of return and yield, and if you [00:05:00] ask the wrong questions, you’re gonna get wrong information and make wrong decisions.
[00:05:04] Vance Lowe: I have managed assets all my life. Lemme give you a good example. Someone gives me a hundred thousand dollars to invest for them. Yes. In year one, I double it. In year two, I lose 50%. In year three I gained 25%, and in year four I lose 12.5%. Now those math whizzes out there, they were able keep up with me.
[00:05:28] Host: Yeah. You know how much
[00:05:30] Vance Lowe: is in the account at the end of four years and it’s within $12,000 of a hundred thousand dollars. But guess what I get to publish is the average rate of return, 25% average rate of return. So if you ask me that question, wow, 25%, I’m gonna invest in that. Yeah. Had you asked the right question, what’s the yield on this account?
[00:05:53] Vance Lowe: Yield means money put in the account. That cannot be reversed. [00:06:00] Zero. Now, how likely are you to invest in that?
[00:06:04] Host: We wouldn’t do it. So
[00:06:04] Vance Lowe: when we look at stocks, bonds, mutual funds, things like that, and we are taught to go after the wrong information, so therefore, we’re not gonna get the right information. We’ve gotten away from good, solid risk adverse investments.
[00:06:24] Vance Lowe: They’ve been out there and they still clip along right with the, the net returns of, of Wall Street or even higher, especially when Wall Street, you know, comes tumbling, drowns. So that was the ship that we turned. So in your situation with all of your clients, one of the things that we need to tell people is.
[00:06:46] Vance Lowe: If you score big. Yep. If crypto finally comes back in and gets going, we hope so. What are you gonna do with the windfall? Because you’re already programmed to give it all away. Back to the [00:07:00] banks. See, the banks always get the money back, don’t they?
[00:07:03] Host: They do. Every time.
[00:07:04] Vance Lowe: So let’s tell our audience this puzzle, this question, everybody has monthly expenses.
[00:07:12] Vance Lowe: You know, just to live.
[00:07:14] Host: Yes.
[00:07:14] Vance Lowe: Okay. Well, we’ve also been told, never ever, ever spend principle that’s defined principle, which is the money we earn. Yeah. After taxes that we bring in. We can never spend that. Well, everybody around us is spending that on expenses and everything else, right? Mm-hmm. So the question is, if enough people do the wrong thing, does that make it right?
[00:07:40] Vance Lowe: No, it does not. It doesn’t. So we show people how to get back 100% of their monthly expenses every single month. Now, it’s not quite the way we’re, they’re thinking, wow, you, you, you can’t do that, you know? But you can because there’s major missing components. The banks always [00:08:00] get the money back if the banks can do it, so can you.
[00:08:03] Vance Lowe: So you can live that principle. I think the biggest mistake. From being really successful with money is people choose not to be successful. They go after quick fixes. Oh, you know, this might solve my problem. This, rather than to learn how money works, you have to know what the problem is in order to solve it.
[00:08:24] Vance Lowe: Okay? Agree. Which holy God to money. So we call it the 10% rule. You’re supposed to pay yourself first, right?
[00:08:31] Host: Yes.
[00:08:32] Vance Lowe: You have to assure that you’re gonna get. You know, better off every month than you were the month before. That’s the only way you can do it. Well, people sacrifice that 10% because when they get down through all their money, they got one more bill
[00:08:46] Host: every time, and it’s
[00:08:47] Vance Lowe: exactly the amount that they paid themselves.
[00:08:49] Vance Lowe: And so they take that money to pay the bill and they pass up the best investment opportunity they ever had. If you become a client of your own. Private [00:09:00] economy. I don’t wanna say that out loud. Yeah, you gotta whisper that one. Client secret. Setting up your own private economy, then you’re a client. So the client needs money.
[00:09:10] Vance Lowe: You just paid yourself 10%. The whole purpose of paying yourself money is to put it to work and earn a fantastic income, right?
[00:09:17] Host: Yes.
[00:09:19] Vance Lowe: So if you want your earnings high, couldn’t you finance that bill for him? The whole difference is you’re gonna get the money back and you could set up. A repayment schedule that will fit your budget and still charge 50% interest.
[00:09:34] Vance Lowe: Now you just put, what was it, a thousand dollars, whatever it is to work, producing an income at a certain amount, totally tax free inside your own economy. And this is again, information that they don’t want out. There are, you create no taxable events and you put your money to work instead of putting it to sleep.
[00:09:56] Host: I like the way that sounds. Is that the infinite banking strategies we [00:10:00] talking about here,
[00:10:01] Vance Lowe: right? This is what we do, so we try to make this come alive for people and then we talk about yield. So we don’t push product other than the old style banking contract, and it’s mainly where to store your money until you can put it to work.
[00:10:18] Vance Lowe: Okay, I need to put my money someplace that’ll kind of keep place with inflation, but I have access to it and I can. Lend it out. So if we could just convince everybody that you finance everything you buy, that our mentors who told us the best way to get through life is to pay cash. Were wrong. Yes. Okay.
[00:10:39] Vance Lowe: Definitely wrong. Definitely wrong that we finance everything. So if we’re in our twenties or thirties and we go buy $2,000 worth of. Stuff and the money’s gone. We think, well, that only costs us $2,000 Uhuh. It would start at $20,000 and probably [00:11:00] be $200,000 that it actually cost us in lost doubling. We show people how to double assets every two and a half years.
[00:11:09] Vance Lowe: It’s not hard at all. The people who have your 401k money, that’s what they do with it. They double it every two, you know, two and a half years. How much do we get? If we’re investing, not much. Okay. The banks now, banks actually cheat. They factor. So every time a dollar comes in, they get to lend out
[00:11:27] Host: 10.
[00:11:28] Vance Lowe: Yes.
[00:11:28] Vance Lowe: Okay. It’s
[00:11:29] Host: a fraction of reserve banking. I’m, I’m very much so. Yeah, you’ve got all that. Yeah. I don’t like that. Well,
[00:11:33] Vance Lowe: the reason that I think crypto is so popular is that it’s supposed to be untainted, you know, a maximum number. The only problem may be, and, and you know, we’re kind of maybe seeing that is they keep creating more cryptocurrency.
[00:11:52] Vance Lowe: Yes,
[00:11:53] Host: yes. That’s why you gotta stick with Bitcoin, I guess. Yeah, yeah. This point,
[00:11:57] Vance Lowe: Bitcoin is, is the perfect example [00:12:00] of, of success and, and you know, I don’t know if government can get control of it or not. I hope not. I hope not either. So.
[00:12:08] Host: Okay, so a few, a few questions. Then let’s, let’s, uh mm-hmm. Let’s talk about it.
[00:12:12] Host: How do you use the same dollar twice? Okay. That’s always the big question. Is it? Perfect
[00:12:17] Vance Lowe: example. And I think, I think this will get people to really understand how we think differently about money. You have a car loan. Yes. You owe $10,000 on that loan left. Okay, and your monthly payment’s, 500 bucks a month and you had to get a high interest rate.
[00:12:35] Vance Lowe: Let’s say it was 10%. Okay. On the interest Vance Low Lending Institution would buy that debt in a heartbeat. Why? Why? What would be the reason most people say, I would be interested in buying that debt?
[00:12:50] Host: They want the, to get the, the monthly payments themselves?
[00:12:53] Vance Lowe: Yeah. Okay. Actually, you were right. Most people are gonna say, well, gosh, you’re gonna make 10% on that money.
[00:12:59] Vance Lowe: Yeah, [00:13:00] okay. If it was zero interest, I wouldn’t change my enthusiasm. Here’s why I’m gonna have to come up with $10,000 to buy that car loan. Right?
[00:13:11] Host: Yes. The
[00:13:11] Vance Lowe: only thing you’re gonna notice is that, oh, somebody bought my loan. I gotta make the payment to a different address. Yeah,
[00:13:17] Host: nothing changes for the person paying.
[00:13:19] Vance Lowe: What is interested, interesting to me is the volume rate of return. It’s 500 bucks a month, isn’t it?
[00:13:29] Host: Yes.
[00:13:30] Vance Lowe: Five times. 12 Is 6,000. 6,000 divided by my money at work. That’s a 60% volume rate of return, correct?
[00:13:41] Host: Yes.
[00:13:41] Vance Lowe: Is that high enough?
[00:13:43] Host: I hope so. Oh, we sound
[00:13:44] Vance Lowe: disappointed. Let’s make the tax free. If we went, you know, it isn’t a matter of getting the 10 back.
[00:13:51] Vance Lowe: It’s a matter of getting all the money back on the cars. See, now we’re getting the principle back. Those payments represent the dollars [00:14:00] coming back in. Okay, so I invested 10. I’m getting $6,000 per year. Now if I add that up, times five. What is that, 36?
[00:14:11] Host: Yeah, about?
[00:14:12] Vance Lowe: Yeah. Okay. That’s not the power of banking.
[00:14:15] Vance Lowe: That’s financial planning and financial plannings are born and bred by banks to get the money back. Banking comes in as, what do you do with that $6,000 if I put it to work and buy more debt at the same rate of return, because 60% is midstream. That’s another $3,600 a month in year two, along with 6,000.
[00:14:39] Vance Lowe: Mm-hmm. And I do it again now. I’ve got two 30 sixes and six year three and year four. Okay. So I moved from 36 up to $66,000 in five years. Now how are we doing?
[00:14:51] Host: A lot better than we were doing.
[00:14:53] Vance Lowe: So let’s take the 10,000, let’s double it once to 20. Let’s [00:15:00] double it twice to 40. And we’re at 66. We are doubling money at the rate of at least two and a half years.
[00:15:08] Vance Lowe: How much risk do we have to take?
[00:15:11] Host: Doesn’t seem like that much,
[00:15:13] Vance Lowe: especially if it’s your own loan, right?
[00:15:15] Host: Yes.
[00:15:16] Vance Lowe: Do you trust the guy in the mirror? I, you should. This is how money comes back. It’s banks don’t give away free money. At least I missed that day.
[00:15:26] Host: Yeah, maybe
[00:15:27] Vance Lowe: in 2020 they did. Oh yeah. They lend the money out.
[00:15:31] Vance Lowe: Money. Is always at an expense even to ourselves when we decide it’s worthless.
[00:15:38] Host: Yep. And
[00:15:39] Vance Lowe: we do this every day. We spend it and it’s gone forever. Don’t do that. Put it in your bank and then borrow it from your bank. Put it to work. The new income’s gonna pay that loan off plus interest, and it’s the bank that gets the money back.
[00:15:53] Vance Lowe: What if you own that bank?
[00:15:55] Outro: Did that story feel like it was about you? Do you [00:16:00] feel like you are generating a lot of revenue better not moving forward as fast as you would like? Do you feel you should be making more progress toward your financial goals? Do you feel stuck? Let us help you get unstuck. Are you ready to take action and get your own private bank?
[00:16:18] Outro: Please call private banking strategies at (817) 200-4777 or visit us. At www.privatebankingstrategies.com.
[00:16:31] Host: Yeah. So got me thinking, is this a life insurance product? ’cause I know you can borrow from some, the
[00:16:37] Vance Lowe: life insurance product is the place where you store your money.
[00:16:42] Host: Okay.
[00:16:42] Vance Lowe: You don’t store it in our banking system ’cause the banks are failing.
[00:16:45] Host: Yes,
[00:16:46] Vance Lowe: all money, all accounts in banks. Ownership changes to the banks because of the Dodd-Frank Act. You do not own your checking account, your savings accounts or anything at the banks. Your equity investors in those failing [00:17:00] banks, and believe me, they are so close to failing. It’s unbelievable.
[00:17:05] Host: Yes, they, they’re definitely failing.
[00:17:07] Host: We see it happen every day now, it seems in the last eight weeks. Three, four major banks worse than the 2008 crash. So that, that scares me and a lot of my, my audience as well, like for example, that is why we buy crypto and we put, we, we self custody storage and then there are platforms that let us borrow against it so we can use the dollar again.
[00:17:28] Host: But as you know, two crypto’s very volatile and we don’t want volatility.
[00:17:33] Vance Lowe: So we use life insurance policies. You can have access to your money in there if you treat it like a company. Okay. Instead of like, you know, it’s not gonna be, when you start up a company, you’re not gonna get a hundred percent profit out in year one.
[00:17:47] Host: Never.
[00:17:47] Vance Lowe: It, it takes a little while. As a matter of fact, we discover that business is all, everything we do in America is related to these. Contracts in life insurance. Life insurance [00:18:00] has this. The skeleton outline of how to operate a business is successful. Usually in year five, they start taking profits anywhere from three to seven.
[00:18:09] Vance Lowe: Well, that’s what whole life insurance, when it starts to kick in, anywhere from three to seven. But we can supercharge that if in our business we start it up and we can have access to 60% in year 2, 75, 85, and then a hundred percent, and then. Over a hundred percent. From then on in year five, if I show people a guaranteed investment that you put a dollar in, it automatically grows to a dollar 20.
[00:18:37] Vance Lowe: How many of those do we want tax free? Yeah, much as we can. So it’s, it is a product, but. Only it’s a tool, so you have to be skilled in how to use that tool. The second best, and most people homeowners have this, is access to a home equity line of credit.
[00:18:57] Host: The key lock? Yes.
[00:18:58] Vance Lowe: The third is [00:19:00] access to credit cards.
[00:19:02] Vance Lowe: I can help people go from nothing. With a $5,000, you know, monthly income to owning 10 real estate properties, free and clear with a $15,000 credit card. That’s all they had.
[00:19:16] Host: Sign me up.
[00:19:17] Vance Lowe: Years. Okay, that’s third best. It’s not the best thing out there. What we’re trying to tell you is better how if you store your money, you pull it out and put it to work, but it’s still earning all the guaranteed interest rates as if it was never out.
[00:19:33] Host: So, okay, so my understanding, you set up your infinite bank, it earns yield via insurance, right?
[00:19:40] Vance Lowe: And, and other fees y’all, all the profits that a bank would get.
[00:19:43] Host: Okay? And then if you want to use the money, you can borrow the money from yourself essentially. Mm-hmm. And then go make that money work somewhere else.
[00:19:51] Host: But at the same time, that money that you borrowed is still grown. Right. That what we’re saying here,
[00:19:56] Vance Lowe: that’s what we’re saying here. Life insurance companies, when [00:20:00] we’re, we’re faced with a, a unknown world of, of just our whole life, fracturing, okay, everything’s unsafe. Where’s the safe money? So where did the bank owners see?
[00:20:13] Vance Lowe: The bank owners have already sold all their stock. They did that several years ago.
[00:20:17] Host: Yeah.
[00:20:18] Vance Lowe: Where did they put their money into insurance. In these contracts? Yes, exactly. They’ve never lost the strategy. And it’s called a tier. Money level. It doesn’t even need to be audited. It’s, it’s ironclad. It can’t be frac, fractured or anything.
[00:20:35] Vance Lowe: This is where they store their money. This is their executive president, vice president, golden Handcuff retirement pension programs. They don’t give ’em the policies. They just borrow the money out of these contracts, pay ’em their bonus at retirement. Now they got a $700,000 hole they can fill back up with more money.
[00:20:55] Vance Lowe: And when the guy dies, they’re gonna pocket three to $7 million in death benefit. [00:21:00] So life and our banks really are heavily into this strategy.
[00:21:05] Host: Yes. Yes. ’cause it does make sense. It is. There’s more protections. ’cause it looks, it’s like, so the F-D-I-F-D-I-C insurance, that’s only up to a certain amount, but what you’re talking about, oh, and it’s
[00:21:17] Vance Lowe: gone by the way.
[00:21:18] Vance Lowe: It’s already completely depleted. I
[00:21:21] Host: think they’re, yeah. Trillions behind, right?
[00:21:23] Vance Lowe: Oh, yeah, yeah. Before the first bank fell, you know, several weeks ago,
[00:21:28] Host: yes.
[00:21:29] Vance Lowe: They had, I think one 150 million billion dollars. That was it.
[00:21:34] Host: That’s all they
[00:21:35] Vance Lowe: had on the federal reserve against 17 trillion on deposit.
[00:21:39] Host: Doesn’t make any sense.
[00:21:42] Vance Lowe: But it’s all the way, it’s always the way it was has been, it’s not safe in a bank.
[00:21:47] Host: Okay. Okay. Infinite banking strategies. Okay. It does definitely make sense. So how, how does one set something up like that? Like a lot of my audiences between the ages of 20 and 45? Let’s a better question. What advice do you [00:22:00] have for us?
[00:22:00] Host: That’s in 20 to 45 and we do want to build wealth outside of the traditional systems like the 401k.
[00:22:07] Vance Lowe: Get proper education. Probably one of the best sources for pure unadulterated information is um, IBC institute.org.
[00:22:21] Host: Lemme write that down,
[00:22:22] Vance Lowe: or our website. Our website, what we
[00:22:28] Host: do. That’s the what’s the
[00:22:29] Vance Lowe: website
[00:22:29] Host: again?
[00:22:30] Vance Lowe: Make sure our web,
[00:22:31] Host: the
[00:22:31] Vance Lowe: other
[00:22:31] Host: one? No. Yeah. Your website. So I’ll, I’ll put that on there later. Yeah.
[00:22:35] Vance Lowe: Private banking strategies.com.
[00:22:37] Host: Dot com. Yep. Gotcha.
[00:22:39] Vance Lowe: If people will download our book, we’ve got all kinds of podcasts on there, on all different topics. We will set someone up to take it for a test drive free of charge.
[00:22:49] Vance Lowe: It’s an eight year analysis if they’ll just load some num their numbers in so that they can relate to it. Okay. We’ll show ’em that side by side. We do not do any growth. We just do math. [00:23:00] Over this eight year period, month by month. So you can just add it all up and you can see the difference and you can decide, hey, I’m gonna be better off learning the strategy than without going the way I am now.
[00:23:13] Vance Lowe: So, you know, that’s, that’s what we do. They, they’ll go there, they can find, they can go to Nelson Nash, they can find and they can help. Be aware of all the pornography IBC stuff out on the web. Most people are selling product. They just say, oh, this is, yeah, we can do that. We can do that. Here’s the product.
[00:23:33] Vance Lowe: Yes. Well, are you gonna teach me how to do the investment, the, the banking? And, oh, we don’t do that. We, we can’t afford to do that. You know, they’re, they’re, I think the biggest thing right now is the, it’s called 80 10 or 90 10 splits. In order to build these contracts, several different components of single pay.
[00:23:55] Vance Lowe: Yes. And base. And [00:24:00] it’s a catch 22. Everybody wants base that is successful. To be as high as possible. Well, the people who are in it for the quick fix want the cash value right up front, so they put too much into what they call a paid up editions writer or the term writer, or whatever else. So you’ve gotta Oh, different
[00:24:19] Host: writers on the policy.
[00:24:21] Vance Lowe: Yeah.
[00:24:21] Host: Yes.
[00:24:22] Vance Lowe: Yeah. We actually end those writers after four years and take that money if they want to continue to put it in to the second one. Remember, we’re after a whole bunch in year five. Because we’re over a hundred percent, you know, efficient.
[00:24:36] Host: So yeah, you’re teaching, so what you’re teaching at a private banking strategy is the real strategy and the education of how to do what you just described,
[00:24:44] Vance Lowe: right?
[00:24:44] Vance Lowe: You’ve gotten not a
[00:24:45] Host: product, but the real education. Yeah.
[00:24:47] Vance Lowe: You have to fix the money problem. We have people calling us all the time. Well, you know, I’ve been told about a trust. I’ve been told about a heloc. I’ve been told all of that too. I hear about it. That’s, those are products you gotta [00:25:00] fix. The reason that you’re trying to, you know, do something and it all stems back to money.
[00:25:07] Vance Lowe: You know, we’re letting monies just flow through our hands back to the banks and they’re saying, they’re not even thanking us, but they treat us like sheep and cattle. It’s called the herd mentality.
[00:25:18] Host: Yeah.
[00:25:19] Vance Lowe: And the sad news, see, I’m supposed to be retired over 20 years ago, but I work three days a week ’cause I have a passion for this.
[00:25:28] Vance Lowe: The clients always win, okay? Mm-hmm. But they’ve got to know. How money works. They’ve got to learn how it is that money grows and it isn’t from interest rates. My heart sinks when people refinance ’cause they think they’re getting a lower interest rate and they don’t.
[00:25:48] Host: Yeah.
[00:25:49] Vance Lowe: Only in America can we get away with these fraudulent contracts.
[00:25:55] Host: Oh, yes, yes. I, I’ve been to like UAE and Dubai. You can’t do [00:26:00] that type of stuff over there.
[00:26:01] Vance Lowe: You just, you can’t do that because a a 3% mortgage. If it’s only 3% on payment, 360. Mm-hmm. And everyone is higher than that, starting at 97%, how can you call that a 3% loan? You can’t. Okay. And people switch on the average every five years thinking they’re getting a better rate, and they go right back up into the 90% interest rates and half of ’em don’t believe it when you tell ’em.
[00:26:30] Vance Lowe: Look at your amortization schedule for crying out loud. What did this month’s payment, how much was interest and how much was principal?
[00:26:39] Host: Most of it seems to go to interest.
[00:26:41] Vance Lowe: It’s all interest. And then when you refinance, they do not repay the unearned interest on those loans. They keep it. Yep. That’s a crime in and of itself.
[00:26:54] Host: Yeah. ’cause they’re giving you just essentially a brand new loan to start over. As you said,
[00:26:58] Vance Lowe: for people, if they’re stuck with a [00:27:00] 6% or even 8%, or even 12%, still don’t refinance. All of our clients have bought their mortgages within five years and they didn’t change anything. They just changed who got the money?
[00:27:13] Vance Lowe: This is called getting the money back over and over again. It doesn’t take very long at all. You’re owning your debt now. I didn’t say pay off to the outside world. It’s paid off, but they bought the debt. Now they have that mortgage payment coming in. ’cause the guy in the mirror, he just got notice that, oh, your, your payment address addresses changed.
[00:27:34] Vance Lowe: Yeah, that’s it. Okay. Yeah, so, and that’s all tax free. So I’ll show over a thousand dollars to inflow. Thousand, that’s a $2,000 swing from minus to positive. Okay. Yes. If we concentrate on that, at the end of the day, who gets the money? That’s the game.
[00:27:55] Host: Mm.
[00:27:56] Vance Lowe: That’s the secret.
[00:27:57] Host: I like that. Okay. This is, you know what, we [00:28:00] gotta start to slowly close out.
[00:28:02] Host: I know you, the audience, there gonna be like, oh, lot of questions. So we’re gonna have to do this again. For sure.
[00:28:07] Vance Lowe: I’d be more than happy to. We’re
[00:28:09] Host: gonna have to, because I still have a list of things I need to get to, but We’ll, we’ll have to save it.
[00:28:14] Vance Lowe: I appreciate that.
[00:28:15] Host: Yes. So is there anything else you would like to say before we close out?
[00:28:18] Host: Like any jewels or Also, and give your information again where they can find you if someone wants to work with you.
[00:28:24] Vance Lowe: Yeah. Private banking strategies.com is the place to go to find out a little bit about us and, and set up to take it for a trust test drive for yourself. Okay. But the whole thing isn’t, we’re not gonna sell anything.
[00:28:38] Vance Lowe: If a person is educated and they start asking the right questions, we can proceed. But you’re given a a lot of homework to do. You’ve got to discover this stuff on your own. But what would it be like to get out of this dark tunnel and every step you’re taking, there’s more and more real truth and real light.
[00:28:57] Vance Lowe: Oh, I don’t have to rework for this [00:29:00] money. Live the three laws. 10% never spend principle and work from a well-defined financial plan. Mm. And we’ve chosen, the majority of us even listening on here, have chosen not to do those three things. You can’t succeed without them, period. I agree. And you can’t fail if you put them in your life.
[00:29:21] Vance Lowe: And they’re always updated. Mm.
[00:29:24] Host: Oh, I love it. Alright, I have my horn. Where my horn at? I need to sound the horn right now. Well, thank you Vance. I really appreciate it.
[00:29:32] Vance Lowe: Thank you very, very much.
[00:29:37] Outro: Did that story feel like it was about you? Do you feel like you are generating a lot of revenue but are not moving forward as fast as you would like?
[00:29:47] Outro: Do you feel you should be making more progress toward your financial goals? Do you feel stuck? Let us help you get unstuck. Are you ready to take action and get your own private bank? [00:30:00] Please call private banking strategies at (817) 200-4777 or visit us at www.privatebankingstrategies.com.
