[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 tax-free 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.
[00:00:37] Seth Hicks Esq.: Hello and welcome to Private Banking Strategies Podcast with Vance Low and Seth Hicks Vance.
[00:00:43] Seth Hicks Esq.: How are you?
[00:00:44] Vance Lowe: Ooh, I’m doing great. I’m just really excited to get into our topic today ’cause I think, uh, we can really shed some light on some things people have been concerned about. Folks we’re
[00:00:54] Seth Hicks Esq.: in the part three of a multi-part series where we’re doing a deep dive case [00:01:00] study on a client who came in overwhelmed by debt about to declare bankruptcy, pulled their kids outta college, and was absolutely devastated emotionally and financially.
[00:01:12] Seth Hicks Esq.: And we are showing you how this client put to work private banking strategies concept, and began to change their entire wealth. Picture and began to take out the high interest debts that they were suffering from and change the cash flow payments from money that was going outta their control to money coming back into their control and into their own family banking system, and effectively create a cash flow machine into their own private banking strategy.
[00:01:43] Seth Hicks Esq.: So we are in part three of this three part series. And the best is yet to come in this series, folks. So stay focused. We’re moving fast through numbers. If you don’t follow the numbers, rewind and listen to it again. But ultimately we want you to schedule an exploratory call [00:02:00] and get into a process where you can plug in your own numbers into our.
[00:02:05] Seth Hicks Esq.: Processes and strategies and see how it will work for you. And the detail and explanation will come in that process. But we’re, we’re breaking this down in a deep drill down now, and hopefully you see the light at the end of the tunnel. If you’re in debt and you see the ability to create financial freedom, even if you don’t have a lot of debt, this system is the way to operate your finances.
[00:02:28] Seth Hicks Esq.: It’s how to build wealth. So with that, Vance, I’ll let you pick up right now, folks, we’re in the case study where this dentist has been in two years of private banking strategies practice. We’re now looking at year three and we’re showing you he is about to take out almost the end of his debt. He’s about to take out the next three pieces of debt that are on his list.
[00:02:50] Seth Hicks Esq.: And so Vance, I’ll let you pick it up from there.
[00:02:53] Vance Lowe: Yes, Siry. Let’s talk about that for a minute, folks. If you just started listening and you start [00:03:00] here, we really recommend you go all the way back to our number one so that you can chronologically see what’s happening, where the money’s coming from, all of that.
[00:03:11] Vance Lowe: Because we don’t have time to reiterate that with each one. We want to go forward because there’s a lot of action happening now. So we’re only in month 25 of an eight year analysis, or 96 months worth. He answered a question when I asked him, how long is it gonna take you to get out of debt? He said, we’re never getting outta debt.
[00:03:32] Vance Lowe: And then. This is happening. Okay. And he hasn’t changed his life or anything else. So in month 25, he’s able to take three more debts. I think there’s a total of 13 debts. So he’s taking the next three Wallace practice raise loan. It’s a private loan with a bank, is what he had told me, and he’s able to purchase those loans.
[00:03:56] Vance Lowe: Notice that I’m not saying paid off. To the outside world, [00:04:00] yes, it’s paid off, but you, your lending company, your bank now, because you’re operating your private bank, owns all this debt and the cash flow for the payments. The guy in the mirror still on the hook to make the payments. We’re gonna take it.
[00:04:14] Vance Lowe: When we started this year, we were at 39, 18. Two of those debts added another 1173, and then the Wallace practice added another 1877. We almost doubled that in month 26. Here it’s kind of a month apart, month 25 and month 26. We’re now at 68
[00:04:36] Seth Hicks Esq.: and two years and two months he’s been able to change who gets control of $7,000 a month instead of that going out to other parties to target Sears, home Depot.
[00:04:49] Seth Hicks Esq.: Chase and other people that are making the money off of his cash flow. And he’s been able to put that $7,000 now in month 26 into his own banking [00:05:00] system where he’s profiting from that cash flow.
[00:05:02] Vance Lowe: Correct? Correct. And he only started with $30,000. That’s all the money he had in the world along with his monthly income because of chiropractors, the two office patients visits.
[00:05:14] Vance Lowe: So that equals 1667 per month that he was able to add into this. And in 26 months, that does not add up. If you go back and look at all the debt we’ve bought now. There’s no way it will add up other than getting the money back and buying more debt with the same dollars. We’re showing you how to use dollars over and over again and you cannot do it without the banking equation.
[00:05:40] Vance Lowe: It’s impossible. I have to laugh. I get a lot of people in these interviews that say, well, I just read on the, uh, internet that they tout that they’ve got these IBC policies. And, uh, the way they do, it’s quite a bit different and I just have to laugh at them that okay, but they don’t teach the banking.[00:06:00]
[00:06:00] Vance Lowe: None of them teach the banking. We pick up those pieces. Most of a lot of our clients have come from people who started with someone else and wondered what they were doing. So this is running your own private economy, the more debt you have. A lot of people are absolutely embarrassed at the amount of debt.
[00:06:18] Vance Lowe: We just smile. Because that’s economy. How many balances now can we get off of a dollar? Just like in a town? So that’s what’s so incredible here. We only have two debts left, okay? And by the end of year two, you can see what the payoff balances are up here, 95 3 58, and then their primary 192. 3 92. So any guesses on how much longer it’s gonna take to own that debt?
[00:06:46] Vance Lowe: The HELOCs are amazing. Credit cards are amazing if used correctly because you get re-access to the principle, the thing you don’t get. Are the interest charged or the profits like we’re [00:07:00] showing you here. Okay? That’s why we use these banking contracts because you get the interest and you get the profits.
[00:07:07] Vance Lowe: So let’s just do a quick evaluation here. Starting here with month 25. This money 5 91, and now the 69 68. We’re falling. All that back into the policy. How long does that take us? 1, 2, 3, 4, 5, 6 months. So far we haven’t been able to put money back into the policy for the last six months of each year. It’s all had to go into this miscellaneous account, which we call the inefficient account.
[00:07:35] Vance Lowe: And the prior year, if I can do this correctly, had 20,700 remaining in it, and this year there’ll be 35,000, almost $10,000 more build up in that. And I’m kind of okay with that since it’s, it’s 50 50. But you’ll learn when your bank becomes too small. If you’ve got more money coming in and, and if your existing [00:08:00] policies won’t hold it, you’ll know it’s time to expand.
[00:08:03] Vance Lowe: So let’s go now to year four. If we go into year four, I don’t see any green on this page. So we weren’t able to accomplish anything, any additional debt starting in month 37. That’s
[00:08:17] Seth Hicks Esq.: because you’ve got a hundred thousand dollars debt and you’ve got a $200,000 debt, and they didn’t quite have enough available cash to take that entirely out.
[00:08:27] Seth Hicks Esq.: But here’s a teaser for another topic that, that we talk about all the time, and it’s called the recast. Of your mortgage, and many states require that their home mortgage lenders recast a loan, which means you save years and possibly decades in interest payments. There’s a little thing called a Tela disclosure.
[00:08:48] Seth Hicks Esq.: When you sign loan documentation and if you borrowed a million dollars to purchase that awesome dream house that you’ve got, the Tela disclosures tells you right at the top of the first page, you’re actually [00:09:00] paying back. Three and a half million over time. So you pay back the million bucks that you borrowed, but you pay back an extra two and a half million at 4% interest rate per year.
[00:09:10] Seth Hicks Esq.: How is that 4% interest rate, Vance? It’s not. It’s not, is it? It’s not. It’s actually a massive manipulation, and in some other countries, they don’t even let those type of mortgages exist. They’re illegal because it’s not a 4% interest rate. But one of the things that you can do, if you’ve got $79,000 in the total available cash debt in your bank and you’ve got a mortgage of 192, you can recast that home mortgage, pay them that $80,000, and you can cut off a ton of interest in that interest curve.
[00:09:45] Seth Hicks Esq.: In my description of paying two and a half million, you may take off 500,000 or a million dollars in debt depending on how much you recast with. And how much your mortgage is. So that is an absolute gold nugget for folks out [00:10:00] there with home mortgages and a big chunk of money in their private banking system where they can actually create a lot more wealth and redirect who’s gonna get that wealth from the bank and back into their own hands.
[00:10:15] Vance Lowe: Thanks, Seth. That’s perfect. I want to even dissect that a little bit more. So remember what I just said, the prior year, the ending balance for year three for the HELOC was 95 and 192 for the mortgage. So if we look on here, we’re gonna take this 79,000 and we’re gonna put it all down against the HELOC and make that balance by the end of year 4 8200.
[00:10:40] Vance Lowe: If you look down here into the second half. And the dark columns, you see wind current change, what Seth is talking about. When we recast, we recast to a lower payment. ’cause we’re looking for the same timeframe. It doesn’t mean we’re gonna go that long. We’re actually gonna own the [00:11:00] debt earlier, but we want the difference.
[00:11:02] Vance Lowe: We want the payment lowered so that we can split that total payment and have that come to us. So in this case. It could be 50%. So if I was at a thousand dollars a month on my heloc, I could be paying 500 against the HELOC and 500 to me, which would be adding to this 69, 68. That’s what we mean by recasting, is being able to lower the payment so that the payment now splits.
[00:11:29] Vance Lowe: Because you’re purchasing, you now own X amount of that loan. 79,000, so that will suffice. That really tells us where we’re at in year four. One other thing I need to mention, when we calculate what it takes to fund and capitalize a banking policy, the total of components in this case was $20,000. It’s made up of different components.
[00:11:58] Vance Lowe: 40% of that [00:12:00] is what’s called a base premium. 60% of that is what’s called a paid up edition writer. And to explain what a paid up editions writer is, it’s a single pay. Back in the day before there were me and they had eradicated the Life Insurance Retirement Effect out of. Our country, people started rediscovering it.
[00:12:20] Vance Lowe: They could take their pension lump sums and purchase, just buy a single pay life insurance, and the income off of that was higher than their pension and it was tax free, and they still had access to the total amount, the total cash value in there. So we still try to do that. We billed this contract and make it the most efficient for you.
[00:12:40] Vance Lowe: We wanna get it at or above a hundred percent. So every dollar in, we’re making a dollar just in new cash value. And you can see how close we are right now, but as a matter of fact, we’re over a hundred percent right now. But I can’t get the paid up additions writer to a hundred percent. It tops out at 92 [00:13:00] to 94%.
[00:13:01] Vance Lowe: And so you’re gonna see what we do in year five and we’ll talk about that. So one more note over here. Now I’m starting to like the last two columns more. I’m starting to see more money figures in the policy loans. We almost own all of the debt up to this point. This is only remaining and when it’s all back in.
[00:13:20] Vance Lowe: We own all the debt except what we haven’t bought yet. So that’s absolutely fantastic news. We have $15,000 in our miscellaneous account ’cause we did top our, uh, policy out. So look what happens in four years and one month or in month 49, we now own the key lock and we get to add. The total, if we haven’t been splitting it, we now get to add 751,000 to our total, making it 7,719 bucks.
[00:13:51] Vance Lowe: You know, I just round that either up or down or whatever else. I get lazy as I get going along. So the last thing we’ve got, and look what it says [00:14:00] on the mortgage. Because we only needed 8,200. We had 81,000 to go buy debt. So we took that one out and we put the rest down on the primary resident and recast that loan.
[00:14:14] Vance Lowe: Okay, so at the end of year five, we’re at 112,000 payoff on the mortgage. So let’s do the math on what it took. We had 15,690 in the miscellaneous account. We have 67 or 68,000 in cash value. That equals. 83,000 and in year five, we don’t need those pay up riders anymore. It’s the base that can go over a hundred percent.
[00:14:39] Vance Lowe: So look what happens in year five. If I could show you a guaranteed investment, every dollar you put in is gonna make a dollar five, a dollar 20, or a dollar 50 guaranteed in writing No risk. How many of those do you want? Because when we put in $8,000 in year five, which is four years in one month. The cash [00:15:00] value grew by 10,000 Now analytically, that’s because of a lot of back premiums that have been paid that haven’t come on yet and everything else, but that’s the effect right there.
[00:15:11] Vance Lowe: This premium can go way over a hundred percent, and now it’s just a matter of time before this whole contract and we’re actually making money on it. So that 81,000 after we borrowed all the money. Is up here, we’ve now bought and put up to work, and these are our totals for the end of year five folks, how much longer is it gonna take to get this client completely outta debt?
[00:15:36] Vance Lowe: I go now to year six and here’s where the program has really hindered us, and I’ll share that with you in just a minute because I can’t show what recasting difference over here. If you’ll look now 89,000, we recast the loan again and we only owe 10,000 at the end of this year. We’re at 77 19, not having to work any [00:16:00] harder and all we’re gonna owe at the beginning of next year is.
[00:16:04] Vance Lowe: $10,000 and in month 73, 6 years and one month you are completely outta debt and you have 88, 30 coming in. So if we now own all that debt and we amortized that out, so if we took. If we’ve got a 360 month loan on a mortgage and we subtract, let’s just do a simple, let’s just say it. It only took us 60 months.
[00:16:29] Vance Lowe: We’d still have 300 months of payments coming in, so if you want to do the math, what do you think? 88, 30. Will add up over the next 300 months, every month, all income tax free folks, this is what the initial 30,000 was able to produce completely outta debt. He still pays himself this. He’s gotta get all this money back so he can’t stop these payments.
[00:16:54] Vance Lowe: But when another car comes due, if he has to reassign this, he can, but we want the [00:17:00] money back plus the interest, and we don’t wanna stop it if it’s in our personal economy. When it branches out to our extended family economy, loans will end. We buy existing used car loans, and those existing new car loans are, if they’re in the last half a timeframe, are very profitable.
[00:17:20] Vance Lowe: It doesn’t change to the client person who’s making the payment, but your interest rate return will skyrocket compared to their timeframe. But when they’re done making their payments on that schedule, then that loan ends. So there’s this. Tons and tons of opportunity here. This is how money flows and how money works.
[00:17:38] Vance Lowe: It can’t set idle.
[00:17:40] Midroll: 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? 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 [00:18:00] action and get your own private bank?
[00:18:03] Midroll: Please visit us at www.privatebankingstrategies.com.
[00:18:11] Seth Hicks Esq.: Yeah, it’s amazing. So in six years. Sky was completely out of debt. He now has $9,000 in cash flow a month. Coming into his own banking system, he has acquired two additional chiropractic offices, completed those transactions. He’s completely out of debt.
[00:18:28] Seth Hicks Esq.: He owns his home outright. He is able to put the money that’s coming in to work. For further investment or for further need. Like you said, everyone has automobile needs. That’s a given, so that’s an easy way to explain private banking strategies with the automobile. But this also applies for real estate investment, other chiropractic offices, anything that you’ve got cash flowing return on you, you’re capturing multiple touches on the same dollar and creating the velocity of money.
[00:18:57] Seth Hicks Esq.: And this case study [00:19:00] exemplifies what private banking strategies can do.
[00:19:03] Vance Lowe: So let’s sum up here a little bit. We’ve just thrown so much at you and we apologize for that, but we hope this will be intriguing enough for you to take the test drive with your own numbers. One of the questions I would throw out, did this client ever have to come out of pocket for the premium in this case?
[00:19:22] Seth Hicks Esq.: No, it was all a part of his cycled
[00:19:24] Vance Lowe: cash flow out of $30,000 that he had after taxes in a 401k, we took the first payment out of there and never again did he have to pay out of pocket for premium. Isn’t that amazing? It’s such a wonderful world. It’s so exciting to go out there and learn how money works and the more you learn, the more you discover how much you didn’t know and how much you thought you knew that was wrong.
[00:19:49] Vance Lowe: I think if we did the math. We’ve got hundreds of thousands of dollars of debt that we bought very close to $400,000 of debt we bought in 72 months. [00:20:00] There’s no way it can happen. There’s no way. He didn’t bring more money to the table ever. Money went into the premium, money, went to buy the loans, but it was recycled money.
[00:20:12] Vance Lowe: I hope you can see now that there is a way, legitimately intellectually being able to put money to work, get it back, put it to work again, and every time you use the same dollar over and over again, it’s gonna create another dollar’s worth of product or services. That’s what the banks don’t want you to know.
[00:20:31] Vance Lowe: They live in fear of this because it’ll crater them. And that’s what we need to have happen in the United States. So guys, I’m gonna take you through here just so you can see. Let me go down here. We ended here at year seven. We didn’t need all of that money. So look what happens over here in policy loans.
[00:20:52] Vance Lowe: Now all the money’s back. As a matter of fact, we bought all the debt and all the money’s back in our hoppers, and look at [00:21:00] the problem over here. It went from zero to $91,000. Did you know you could expand your bank? By $90,000 a year instead of 20, you could increase what’s going into your bank by $90,000 and never come out of pocket.
[00:21:18] Vance Lowe: And look how fast now your bank’s growing and now we’re outta debt to buy on our own. But what if we start purchasing our kids’ debts? Seth, you mentioned something earlier about the legacy of, of this family, what they went on to do. Once they got this debt paid for, you wanna refresh our memory on that?
[00:21:36] Seth Hicks Esq.: Yeah.
[00:21:36] Vance Lowe: I
[00:21:37] Seth Hicks Esq.: believe that they continued to acquire other chiropractic offices and stayed out of debt, increased the size of their banks, and actually created a waterfall legacy on children and grandchildren.
[00:21:51] Vance Lowe: Yeah, their sons are married. They got all the money back from education. I don’t know what practice their sons are in.
[00:21:58] Vance Lowe: One of ’em might have gone [00:22:00] into chiropractic as well, but he owns all of ’em in his area and it got into the real estate investments. I have no idea where he is at at this point as far as the value goes. So here, here’s a guy that’s been practicing this now for right out 20 years. So this is amazing, folks, what we can do here.
[00:22:19] Vance Lowe: So I think if you’ve got questions, if you want additional information, I do wanna show you the summary page. This is what you’ll get on the free test drive. What we used, what we went after to use from their accounts. I had a little bit of stock, had qualified plan, mutual fund, retirement account, and some savings after taxes were subtracted.
[00:22:42] Vance Lowe: That’s how we got the 30,000. The two office patient visits equaled the 1667 per month, and he’s gonna use that every month. So if we don’t put any growth in here, he’s $421,000 in debt. That’s his debt. [00:23:00] 33,000 in assets, which would, are these over here but minus, uh, 455,000. Of what he owed in debt and it only took him 72 months.
[00:23:10] Vance Lowe: So the difference is if I don’t put any growth and I wanna compare meticulous apples to apples, ’cause I hate illustrations, the only difference you’re gonna see in the comparison of these two is one gets the money back and gets to reuse it. Well, the other one, the money’s just expended. So down here at the end of eight years, he’s still, he’s cut his debt almost in half.
[00:23:34] Vance Lowe: Okay? So he is increased his net worth, but he’s still negative 290,000. That made him 88.9% better off. He paid other people, and the reason he is not outta debt or anything is he owed interest to all these people, $224,000. Let’s go on this side and just evaluate it here. He has assets of 189,000. He’s [00:24:00] got cash in his policies of 107.
[00:24:03] Vance Lowe: Okay? So 2 97 versus a negative two 90. Okay? That’s an increase of 106.9% yield. The difference. Between average rate of return and yield is astronomical. One, which is average rate of return is fictitious, has no correlation. I guess there’s a correlation, but no reality to what people get. An account where yield is money put in the account, that cannot be reversed.
[00:24:32] Vance Lowe: This over here is yield, good news, bad news, however you wanna call it. He’s still gonna pay $224,825 in interest. Is it okay if he gets 123,000 of it? ’cause all we’re doing is changing this cash flow down here. So if we minus that 1667, this is the wind current that Seth was talking about. This was outflow.
[00:24:59] Vance Lowe: Now [00:25:00] it’s inflow income tax free. That’s over a $14,000 difference from depletion to increase. This is increased, folks. This is money coming back to be reused and reused every time.
[00:25:12] Seth Hicks Esq.: The snapshot on the left is implementing private banking strategies. At the end of that period, he is got $300,000 in net worth and no debt and, uh, consistent cash flow monthly coming into the bank on the other side, not using that.
[00:25:25] Seth Hicks Esq.: Just hunkering down, paying off debt. He’s still quarter of a million dollars in the hole.
[00:25:31] Vance Lowe: Yeah. And the last one I wanna bring to your attention at the very bottom. This is the total premium paid $112,000. Okay. $20,000 for the first four years. 8,000 for the next four years. Okay. What it says is how much he has to come up with out of pocket after year one.
[00:25:49] Vance Lowe: What’s that number, Seth? Zero. And we showed you how it was done. And these contracts are designed that you can put your tax money in, your car insurance, [00:26:00] all the things that aren’t normally on a monthly basis. You can put ’em in and you can use it for premium and then you can borrow it out and use it for its real intent.
[00:26:09] Vance Lowe: ’cause we finance everything now. Everything we do, we want a return for ’cause we’re operating a bank. Everything’s gonna go through the bank. So folks, either you’re thoroughly confused and want answers or a couple of lights went on and you wanna test it out for yourself. So Seth, tell us how to do that.
[00:26:27] Seth Hicks Esq.: Yeah, this is really amazing. He came up with $30,000 in the very beginning, paid the first year’s premium of $20,000 and never even paid a premium out of pocket. Again, it’s almost like free money. Coming in from simply changing how the cash flows from outflow to other parties who finance things to inflow and folks, that’s what we want you to grasp, is that this is absolutely a, an amazing strategy that’s based in life insurance contracts, which have [00:27:00] massive value and benefit from asset protection and financial privacy.
[00:27:03] Seth Hicks Esq.: But what we’re illustrating too. Banking side of it is unmatchable. So if you wanna learn more about this, go to private banking strategies.com. Sign up for our free book, how to Grow, which with the Secret That Banks Don’t Want you to know, and that’s what we’re describing. And put in your name and your email and we will send you more information about the values that private banking strategies has.
[00:27:25] Seth Hicks Esq.: Read that book. It comes in audio version. You can listen to it on the go or read it on the PDF. And if those things are capturing your attention and motivating you to want to. Change where you are and switch into financial freedom mode. Schedule an exploratory call with Vance. Put your own financial numbers and situation into our eight year analysis, and we will show you month over month and step after step where you’ll be in eight years using the strategy.
[00:27:54] Seth Hicks Esq.: It is absolutely mind blowing. Vance. Any closing
[00:27:58] Vance Lowe: comments? [00:28:00] No, but I’ll mimic what Seth just said. Folks, this is something that is incredible. It should make you angry that you weren’t taught this in school. We’re not taught anything about money. We might take an economic class or something, but nothing about how money works, how it needs to flow or anything like that.
[00:28:20] Vance Lowe: So thank you for your time and we appreciate you as individuals. All of our clients get all of our attention. Both Seth and myself literally have a vested interest in your success. We’re not gonna bring you on to have you flounder and fail. You gotta do your part, you can’t steal from yourself. You gotta follow your plan, okay?
[00:28:44] Vance Lowe: You’re the only one that can do that, but we’re certainly not gonna leave you hanging high and dry. We’re gonna be there helping you every step of the way. Absolutely.
[00:28:53] Seth Hicks Esq.: Thanks folks, and we hope you tune in to the next podcast. If you like this, share it with your friends and your family. Let them [00:29:00] know what you’re discovering and we’ll see you next time.
[00:29:03] Seth Hicks Esq.: Thank you guys. We’ll see you next time. Bye-bye.
[00:29:05] Outro: Did that story feel like it was about you? 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? Please visit us at www.privatebankingstrategies.com.
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