[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.
[00:00:37] Seth Hicks Esq.: Hello. Welcome to the Private Banking Strategies Podcast with Van Low and Seth Hicks.
[00:00:43] Seth Hicks Esq.: This is a secret weapon to protect your assets and never have to start over again financially. Vance, how you doing?
[00:00:50] Vance Lowe: Hello. Hello. Hello. It’s nice to see you again, Seth, and it’s great to get back in the saddle and get another podcast for our listeners.
[00:00:57] Seth Hicks Esq.: Likewise. Yeah, absolutely. It, [00:01:00] it’s exciting. I mean, we, we, we’ve got so much content to share with folks that it’s.
[00:01:04] Seth Hicks Esq.: It’s always like trying to take a drink out of a fire hydrant and us getting people information is, is always a joy. So today I think we’re gonna talk about financial planning versus financial self-reliance, and it’s something that people don’t often consider, but something that, that they should and understand the differences and the pros and the cons.
[00:01:25] Seth Hicks Esq.: Financial planning is, is not financial. Self-reliance and private banking strategies is not financial planning. Or simply an investment strategy.
[00:01:36] Vance Lowe: Yeah, I, that’s right. In my former life when I was doing financial planning, I thought I was independent and working for the client when in fact, once my eyes were open to, uh, private banking, I realized that I was a puppet of government and banks under a strict format or a limited format.
[00:01:56] Vance Lowe: And that’s why this came out, not only myself, [00:02:00] but past financial planners who. Moved over to the private banking, discovered that there was a limitless possibility, and for the life of me over 30 years of this type of planning, I had to be able to answer the question, which is the fear question when I retire.
[00:02:21] Vance Lowe: Am I going to outlive my money? I don’t care how much they had. That was the number one fear when I retire, am I gonna outlive my money? Because they admitted they’re going out of production, they’re not gonna be creating any more cash flow, and you can’t do that. You can’t run an economy that way. So it was always a reward, a not to work.
[00:02:45] Vance Lowe: So the opposite of that, Seth, is what is this abundant freedom oriented?
[00:02:51] Seth Hicks Esq.: Well, it’s enjoy your life now and create a, a life that you wanna live now and have predictable [00:03:00] money for retirement, but you can still utilize and create that velocity that we’re talking about, and that return on the cash that you’re putting to work in your private banking economy and it’s not stored up for some rainy day, you’re able to actualize and realize it now.
[00:03:18] Vance Lowe: So lemme give a a little picture on that picture of small town. There’s a bank in town. You own the town. In essence, you own the bank in town. This is what we’re talking about in abundance. Pretty soon, town has maneuvered itself so that it is tracking far more money coming into town than as leaving town.
[00:03:38] Vance Lowe: Okay? And when a town does that, it really prospers. People can live on that. They can live the way they want to, do the things they want to do, but they’re still operating their town. And that’s what we’re talking about here, folks. Switching from working from someone or even working from yourself, which is still for the government and you know, the banks [00:04:00] to operating your own private system that creates no taxable events.
[00:04:07] Seth Hicks Esq.: That’s a huge one right there is that this growing and compounding without any taxable event. As you use your money, as you pull it out, as you buy the debt and then as you ultimately take it out in retirement or as it’s given to the next generation, there’s no tax consequence there.
[00:04:24] Vance Lowe: Absolutely another product of financial, uh, planning is everything lives and dies on interest.
[00:04:31] Vance Lowe: It’s all about interest. And that’s wrong. This is what got me so angry. I was very good at this. We were really good at this compared to the national money management firms all over America. We were really priding ourselves here, but this was the focus. It was all about interest rate returns, and this is not how wealth is built.
[00:04:52] Vance Lowe: This is how interest rate doesn’t pass on. You know the alternative, it’s from living only on interest. [00:05:00] To using and replacing principle.
[00:05:04] Seth Hicks Esq.: I mean, what comes to mind right now is how interest rates have moved up and it created like a housing freeze. I mean, people can’t move out of the house that they have and buy an equivalent comparable home because of the interest rates.
[00:05:19] Seth Hicks Esq.: If they’re locked in a mortgage rate that they had pinned at three or 4%. Over the past five years at all time lows. And now they have to, and that’s taken up a point or two points. Their mortgage payments for the same type of house will almost double. So when you’re locked into that type of mentality, where it’s interest rate driven, you’re very limited in what you can do.
[00:05:44] Seth Hicks Esq.: And the same thing would be for anything that you’re going to finance, unless you’re using your own financing entity. We’re not interest rate driven. You’re actually. The banker, and you want an interest rate that fits within your means, but as high as possible. So [00:06:00] especially when it’s tax free and coming back into your control, but you want to be able to live within your cash flow, within the money that you make.
[00:06:09] Seth Hicks Esq.: But within that, there’s, it’s not a interest rate driven mentality.
[00:06:15] Vance Lowe: Yeah, I agree with that a hundred percent. Another philosophy of financial planning compared to what we do is money stay still. It literally, I learned that you put the money asleep. When you have to leave a mon money in an account to earn an interest rate return, that money is asleep for you.
[00:06:34] Vance Lowe: It is not working for you. It’s working for the individual who has the money. Okay. Versus. What’s the opposite of that, Seth?
[00:06:43] Seth Hicks Esq.: Moving money, moving and creating velocity, right?
[00:06:47] Vance Lowe: Yeah, so this is why lending companies lend money is to get this velocity and volume. The velocity means every time a dollar has absolutely no value until it [00:07:00] moves, until it trades hands, okay?
[00:07:02] Vance Lowe: And it’s a touchdown, and it goes up in the air and it touches down. And so the velocity means. How many times can I get it to touch down in a year, right? Because every time it touches down, it’s gonna create another dollar’s worth of product and services. The volume then comes into can I make that circle and keep adding more and more and more money and lending more and more money out there to increase my cash flow return into me?
[00:07:28] Vance Lowe: That’s the secret. That is the difference. An age old strategy that has never been updated. You know, our country was really blessed with a strategy to make it so powerful and so strong faster than any emerging company in history. Based on this strategy,
[00:07:47] Seth Hicks Esq.: it’s more of a scarcity. Poverty type mentality.
[00:07:51] Seth Hicks Esq.: Saving for education and emergencies and retirement and the someday type mentality and [00:08:00] always saving. We talk about that in, you know, other podcasts about the fallacy of saving cash and buying everything cash and how that is a. Flawed paradigm, a flawed model, spending the dollar for one particular purpose, and then that purpose is met and your dollar’s gone and you can’t use it again.
[00:08:19] Seth Hicks Esq.: Whereas opposed to the private banking strategies paradigm, we’ve got much more robust application and use of the money. We’re able to use it for more than one thing, have multiple touchdowns for the same dollar in a year, and being able to use it for multiple and flexible purposes as opposed to one purpose only.
[00:08:38] 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 action and get your [00:09:00] own private bank?
[00:09:01] Midroll: Please visit us at www.privatebankingstrategies.com.
[00:09:09] Vance Lowe: You see, in America, we don’t even know we’re slaves to the system. The banks have so brainwashed in what we should do, and I called it, and I’ve called it this for a long time, get back to zero strategy. I practiced it when I first moved to Texas and I was saved up for a car.
[00:09:27] Vance Lowe: I could buy a brand new Chevrolet for 25,000 bucks. I went into the bank, said, gimme a check. I’m gonna go buy a car. So it took me a couple years to save that up. I took the money and went and bought the car. Where does that leave me, Seth?
[00:09:41] Seth Hicks Esq.: Back at zero.
[00:09:43] Vance Lowe: But I got a new car. Right, but the car’s gonna wear out, isn’t it?
[00:09:46] Seth Hicks Esq.: Right.
[00:09:47] Vance Lowe: So when people say to me when they do this very same thing, well, I don’t have car payments. I laugh and say a liar, you have to replace that car eventually. So you’re [00:10:00] either gonna have to take more money out or whatever else. So the alternative is go in debt and then make payments, you know? And then when you’ve got the car paid off, where?
[00:10:09] Vance Lowe: Where does that leave you
[00:10:10] Seth Hicks Esq.: back at? Zero. Zero.
[00:10:12] Vance Lowe: There’s a better system folks, rather than spending money having to go back to work, I’ve done some calculations for a lot of people. It could be as much as 25 to one to replace a dollar that you spend if you have to go back out into the workplace using your car, your wear and tear, your time making everybody else profit paying Uncle Sam just to get the dollar back so you can spend it again.
[00:10:36] Seth Hicks Esq.: In the financial planning paradigm, the planner is the expert. They have all the control, and you lose your autonomy and the ability to make decisions that you know about.
[00:10:46] Vance Lowe: And I found that a lot of people like that. A lot of people, you know, I, I’m not smart enough to deal with this. I’m gonna give it to someone else.
[00:10:54] Vance Lowe: And anybody can say they’re a financial planner. Seth, you and I know in this banking [00:11:00] world that internet, YouTube, and everything else is just full of stuff. Products that claim that they can do the infinite banking or whatever else, and I call it pornography, but anybody can say that I had a scale that I would teach my clients.
[00:11:20] Vance Lowe: And I would prove it to them with my own expertise. On a scale of one to 10, a one doesn’t even know what the topic is. A 10. There are no tens. That guy walks on water, so one to to nine, so to speak. A five is somebody who knows enough that can start using his expertise. You know, to help other people and get paid a little bit.
[00:11:46] Vance Lowe: But he thinks the problem with the five is they think there’s seven, eights and nines. Okay? The nine will tell you he’s a five, but he’s the guy that the eights and the sevens go [00:12:00] to for council and help and everything else because he has the most time in and the most experience. That’s what you’re looking for.
[00:12:09] Vance Lowe: You look at somebody who wants you to do this and that on a portfolio, you ask the individual, how much does he make life insurance agents out there? The average means for life insurance is, is less than $50,000 annually income. Okay? And these guys wanna solve issues for half million, you know, and up dollars.
[00:12:29] Vance Lowe: You need this, that, or the other. To me, that’s hypocritical. What’s the alternative to the financial planner being an expert, Seth,
[00:12:37] Seth Hicks Esq.: implementing your own private banking strategies where you are empowered as the banker. You make the decisions with investments that you’re comfortable with, that you know about.
[00:12:48] Seth Hicks Esq.: For some people, that’s real estate. For some people, that’s widgets. For some people, that’s, you know, logistics. Another person, it may be automobiles, and they apply their. [00:13:00] Trade expertise and empower themselves to manage their own financial kingdom, so to speak. And money can be simplified. It’s not something that is overly complicated that people should relinquish their control to someone or supposed guru, like you said, and then look back and and go, wow, I should have never done that.
[00:13:22] Seth Hicks Esq.: They should take control of their own finances and implement strategies, like I said, that they’re confident with. So money can be demystified with private banking strategies, and that helps build financial confidence. Our clients have financial freedom, financial confidence, and control over their wealth.
[00:13:40] Vance Lowe: What’s really scary is that our clients know more about how money. Works than their professional brokers that they used to have and their financial planners. They still have not discovered how money works. They think they know, and that’s the problem in America. And Nelson NASA’s book describes that in what’s called the arrival [00:14:00] syndrome.
[00:14:00] Vance Lowe: Hey, I’ve been there, done that. I know all about that. Well, we all think we know something about money. We need to understand we don’t. Not only. Is our next financial decision going to be wrong? It couldn’t be worse. Wrong, it’s 180 degrees wrong because we’re programmed to give our money back to the banks.
[00:14:20] Seth Hicks Esq.: Absolutely. Yeah. So I mean, I think it, it, it definitely clarifies the difference between a financial planning paradigm and what we do at private banking strategies. And if folks wanna learn more, you can find us at www dot private banking strategies. Com, that’s private banking strategies.com, and on our website there you’ll be offered a free book that Vance and I wrote entitled, what The Banks Don’t Want You To Know.
[00:14:49] Seth Hicks Esq.: And that book highlights some of these issues and many more that act as a red pill to folks who are new to this. These ideas and these [00:15:00] concepts, and also we’ve got all of our podcasts there on the website that you can listen to for free. There’s content on every type of subject matter that you’d want to understand with private banking strategies.
[00:15:12] Seth Hicks Esq.: We’ve got other resources and materials and articles, and if you’ve done that, if you’ve. Read some of the emails that we send and these things are resonating with you. You’ve listened to some podcasts. You can schedule an exploratory call with Vance and ultimately create an eight year plan to see how private banking strategies will work, particularly for you and your family.
[00:15:33] Seth Hicks Esq.: So that’s, that’s our roadmap, that’s our process.
[00:15:37] 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.[00:16:00]
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