[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. 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.
[00:00:39] Host: Hello and welcome to Private Banking Strategies with Vance Low and Seth Hicks.
[00:00:42] Host: I’m happy to be here with you both after extended holiday break. Vance, how are you today? Oh, I’m doing fantastic. Good. That’s great to hear. It’s good to talk to you today, Seth, how you been
[00:00:51] Seth Hick Esq.: doing Well, Darien, thank you for hosting us.
[00:00:54] Host: My pleasure. Always. I love to hear it guys. So there’s a wealth of information and knowledge that we’re covering today, [00:01:00] and from my understanding, we’re taking a deep dive in some, some interesting topics.
[00:01:04] Host: So, who would like to start today?
[00:01:07] Vance Lowe: Well, Seth, why don’t you introduce our topic for us, if
[00:01:10] Seth Hick Esq.: you would. Sure. We talk to folks all the time that have misconceptions about what money is and how it works, and mindset that that people have, that cause them to either succeed or fail Darien. What we’ve noticed is that there are certain parameters and value systems that the wealthy and that the ultra wealthy have that are all congruent and consistent.
[00:01:39] Seth Hick Esq.: Uh. Which cause them to be wealthy and there are also certain mindsets and misconceptions and ignorances that people who don’t have money and come up lacking have, that are consistent among them that keep them poor. Keep them, you know, unable to, [00:02:00] uh, succeed. So we like to, you know, ask people about their value systems for money, and a lot of times what we find is it’s, it’s not what you know or what you, you think you know about money that’s incorrect.
[00:02:13] Seth Hick Esq.: It’s your inability to learn something that, that you don’t really know, that you think you do. So Vance, I’ll, I’ll let you expound on that a little bit.
[00:02:23] Vance Lowe: Yeah. Let’s see If we can’t approach today for really that group of people who want to be better off. You know, there’s the group of people, as long as they get a paycheck, go home and can drink a beer and watch the football game, they’re happy.
[00:02:40] Vance Lowe: Okay. You know, we don’t wanna disturb their life, but it’s the individual that thought that they would be better off. Why aren’t they? Okay, so let’s cover some basics. There are some basic fundamental rules about money that we have to observe, and it’s exactly like bacon, a cake. If you look at a recipe on a [00:03:00] cake, you see several items up there.
[00:03:03] Vance Lowe: Well, the same thing with money. There are several things you have to do. You can’t pick and choose. So Nelson Nash, who brought back the, uh, private banking strategy or the infinite banking strategy, putting the banking equation back in our life the way early Americans used to have them, uh, before branch spanking took hold.
[00:03:27] Vance Lowe: And, uh, I say brainwashed all of us. There are some laws and some rules we have to face every single day. So folks, a lot of this background is in Nelson Nash’s book, becoming Your Own Banker. These five laws and rules are there, you can really look into the background, but the first one he talks about is called Parkinson’s Law.
[00:03:51] Vance Lowe: And, uh, Seth can, um, help me take a little bit deeper dive here, but, uh, initially says, and the, the part that we’re [00:04:00] after, we have to live on less than we bring home. Uh, the crux of the, the matter is it goes into some other things as well as a luxury once experience becomes a necessity. So let’s make sure we’ve got all the definitions on that.
[00:04:18] Vance Lowe: Anything else, uh, you can add to Parkinson’s loss? S.
[00:04:22] Seth Hick Esq.: Sure. I mean, a lot of times people will ask us, well, you know, who can benefit from private banking strategies? Who, who is, uh, the ideal client? And, and Vance and I often respond, this strategy will help any family, any individual, any business, keep. And grow their wealth Parabolically, the only people that it won’t work for is people who spend more than they make.
[00:04:51] Seth Hick Esq.: They don’t manage their finances. They’re in ever increasing debt, and so that is a fundamental dovetail to [00:05:00] Parkinson’s law and being able to live within your means.
[00:05:03] Vance Lowe: Yeah, you have to live within your means. And so we have many times conversations. Our first meetings are to straighten that out. ’cause people are really, really tight.
[00:05:15] Vance Lowe: They wanna do better. They don’t know if they qualify. They can. And so sometimes we have a meeting, uh, I call it find the money so to speak. Can we do without a couple of luxuries? Can we do this? Can we get back employed? A lot of the non qualification is because people are living off of already created assets, and it’s just the depletion.
[00:05:38] Vance Lowe: And so the banking equation is, is the absolute reverse of that, that we want to, you know, discover through living these laws. The next one he goes into is called the Golden Rule. And a lot of us grew up, uh, you know, religious minded and, you know, have a definition on the golden rule, but that’s not [00:06:00] what he is talking about.
[00:06:01] Vance Lowe: The golden rule is he who has the gold. Makes the rules. Okay. And if people have money, they dictate what’s gonna happen. It goes into stories about, uh, governments, pan America went down into Mexico and wanted to put a plant down there, and, uh, the government come back and said, yeah, we’ll have the plant, but you have to do this and you have to provide us this, and you have to do that.
[00:06:32] Vance Lowe: And the company said. No, we don’t. And they said, yeah, you do. And they said, goodbye. Uh, it’s our money. We’ll use it the way we want. We want to benefit your, the workers, the people you know, not, not the government. So they left the country and it was over 5,000, uh, workers that could have been employed there at that plant.
[00:06:56] Vance Lowe: So he who has the gold makes the rules. You have to have the [00:07:00] money and people will find you. The opportunity will find you. Uh, the next one, uh, is, we’re gonna call it the Willie Sutton Law. Seth, can you explain that for us?
[00:07:11] Seth Hick Esq.: During Willie Sutton was a famous bank robber who, uh, was eventually caught and he was granted an interview with this, uh, investigative reporter, journalist, and they asked him, why did you rob the banks?
[00:07:25] Seth Hick Esq.: And he looked at them incredulously and said, duh, it’s because that’s where the money is. So the concept that we’re trying to, to convey is that if you have something to protect, there are others out there who want to take it from you. And whether it’s. Government control, IRS taxation, state taxation, competitors and business, or even like Trader Joe’s, the retail food store.
[00:07:54] Seth Hick Esq.: I, I notice this every time that I go in there. Uh, there’ll be a product that they launch, for [00:08:00] example, a new product and it’s great. And the volume, let’s say is 16 ounces and it’s 2 99, this great value. So you start to buy it and then you come back in there. The next time, and it’s 14 ounces and it’s 3 49.
[00:08:14] Seth Hick Esq.: Mm-hmm. And then you come back six months later and it’s 12 ounces and it’s four point 99. Mm-hmm. And then you come back again and they’ve bumped it up to 6.9 and it’s eight ounces, and you just kind of scratch your head and go, this is not the culture that my grandparents lived in. Right. This is a culture that is trying to take what I have in my pocket and put it in their pocket.
[00:08:36] Seth Hick Esq.: Many times. So the Willie Sutton law is the exact same concept. If you have something to protect, there are others out there that want to take it, whether it’s your money or your business ideas, your principles. But that is effectively the word Willie Sutton law.
[00:08:53] Vance Lowe: Yeah. IRS is probably the biggest culprit here, you know, because they, they take whatever they can get, [00:09:00] be it right or wrong.
[00:09:02] Vance Lowe: Okay. Number four O. Of these, these five rules, these five laws, it’s called the Arrival syndrome. And unfortunately. Americans are afflicted with this syndrome. The Arrival syndrome is, oh, I know what that is. I’ve been there, I’ve done that. Oh, whole life insurance. You know, I know all about that. They, they pigeonhole information immediately without, you know, finding out more information.
[00:09:30] Vance Lowe: They go to a friend and get an opinion, oh, that must be the law, and therefore. There’s another word for the rival syndrome, and it’s called herd mentality. It’s just a phenomenon out there, and it’s just amazing the number of people who will do the wrong thing. Because everybody else is doing it. So I warn people, I tell people that, are you one of the people who are marching [00:10:00] off this financial failure cliff with company?
[00:10:03] Vance Lowe: Because the successful individual is all alone,
[00:10:07] Outro: right?
[00:10:09] Vance Lowe: It’s a syndrome where, you know, if enough people keep doing the wrong thing, it has to be right. And especially today, I see all this stuff going on with government and attitudes and opinions and things like that, and everybody’s chosen sides and they’ve not done any research at all.
[00:10:33] Vance Lowe: Uh, one of the things I do in the spare time is, is I shoot long distance. And there’s all kinds of theory and things about how you do load development, and the crux of is you have to test it out yourself because it’s, every gun is different, every barrel is is different. And when you put on a new barrel, you have to rediscover everything all over again.
[00:10:58] Vance Lowe: So you have to do your due diligence. In [00:11:00] other words, the arrival syndrome needs to be defeated. You have to overcome that. You have to be willing to learn. You know, I find this a lot with teachers, professors at college, you can’t teach them anything. They, they’re there. They know everything. So we’ve gotta be able to defeat that.
[00:11:21] Vance Lowe: And the last one is when you learn something new, there are. Three groups of people. There’s the one group, very successful. They make things happen. There’s another group that watch things happen. They’re ever searching, but never doing. And then of course, that third group we’ve already named is they wonder.
[00:11:43] Vance Lowe: What the heck happened? Life. So if you learn something new, a lot of people, you know, they go to seminars, they go to workshops, they, they learn about new things, but they procrastinate [00:12:00] and they, they lose it. Okay? So when you learn something new, especially the best, uh, scenario would be a bad habit. I’ve got a bad habit.
[00:12:11] Vance Lowe: I know it’s a bad habit and I need to get rid of it. You can’t just rip it outta your life. It’s impossible. Uh, all the, um, socialistic, you know, doctors, uh, or whatever have, have said, you can’t psychologically do that without a replacement. You’ve gotta replace it with something good. So those are the five laws, um, Seth in those five laws.
[00:12:39] Vance Lowe: Give us a couple more comments on why they’re so devastating and if we live them, why it’s so rewarding.
[00:12:48] Seth Hick Esq.: Sure. Yeah. I think, you know, a disciplined understanding of of how to succeed requires you to to think through it and see what’s working and what’s not working. And so many [00:13:00] of our clients that we talk to have measures of success, but.
[00:13:05] Seth Hick Esq.: Can with, with our help and with the discipline practice can increase that measure of success exponentially more. And we have millionaires in our group that could be, you know, tens of millionaire type of volume in their, their businesses and their families. And it requires you to implement principles that are effective.
[00:13:28] Seth Hick Esq.: And so, like, for example. Thinking of someone who they, they do a million dollars gross in their business a a year, and they’re quite comfortable and their family’s just fine. And they, they stagnate, they just kind of plateau. They don’t try to learn new things. They don’t put, uh, certain alternatives that are right there available for them that could make their life and their business that much better into place.
[00:13:55] Seth Hick Esq.: And so a lot of times with. With a little help, they can implement those things and [00:14:00] create strategies and disciplines that help them take it to another level. Um, I, I think that’s one of the, the things that I, I see a lot is people kind of stagnating at where they are getting comfortable and not really pushing to grow more.
[00:14:15] Seth Hick Esq.: You
[00:14:16] Vance Lowe: know, there’s called the 80 20 rule, 80% of the people. Make 20% of the money, 20% of the people make 80% or more of the money. Mm-hmm. You want the effort that separates them. It could be as little as 5% more effort to get from one step to the other. So people, I hope you, uh, can appreciate what we’re giving away is the secret of money and what money can do in your not, can do in your life, but how you accumulate it and, and grow it and be able to keep it in such a way that, uh, defies the herd [00:15:00] mentality.
[00:15:01] Vance Lowe: Because the wealthy are few and far between and they’re private. They don’t do a lot of advertising. Well, I wanna get into the next topic that is really devastating, and every single person I feel like does not have an excuse because they know about these three items. And they’ve chosen physically and mentally chosen not to live them.
[00:15:28] Vance Lowe: The first one’s called the 10% rule, and I wanna delve into that a little bit because this takes on a little bit again, of of religious connotation for tithing and things like that. But when we bring money home. The first person we pay needs to be ourself, and it has to be upfront, and it has to be under any and all conditions.
[00:15:55] Vance Lowe: Some months we’ll have. A disaster happened, an [00:16:00] accident, you know, a deductible or you know, a whole bunch of bills. And the first thing we do is we throw all of our money at that bill and we forget to pay ourselves. That can’t be, that can’t happen and you get be able to get ahead. And for the last several years with clients, when I introduced the 3% rule, I tell ’em it has to be a commitment.
[00:16:24] Vance Lowe: From you to me, or I’m not gonna proceed. The strategy won’t work for you. Wealth and money will not work for you if you’re so easily going to give up the one opportunity that will make you better off. Um, Seth, I want to go into example and, and I would love for you to follow this up. I, I share with people everyday life examples.
[00:16:50] Vance Lowe: Let’s say an everyday life example is I bring home. After taxes, $10,000 a month. So I need to pay myself off the [00:17:00] top first at least. At least a thousand dollars, okay? Mm-hmm. So I set a thousand dollars to the table. Off to the table. Did I tie that up or did I free that a thousand dollars up? What would be you guys’ answer?
[00:17:18] Host: I’d say you freed it up.
[00:17:19] Vance Lowe: Exactly. A lot of people think we tie that up. We do not tie it up. We free it up and we have a goal for that money. Which is to put it to work. We want to put that to work, to produce money. The whole purpose here is to become financially independent. You have to put more and more money actually out there working for you on a steady basis.
[00:17:41] Vance Lowe: This is why this 10% rule is so critical. Okay, so let’s find out what sabotages it. We set the thousand dollars aside. Now we got a stack of bills and the remaining money, and we’d go down that stack of money and we’re now outta money, but we’re [00:18:00] not out of bills. We got one more Bill Murphy’s Law here.
[00:18:04] Vance Lowe: Okay. That bill is due today and it just so happens to be for a thousand dollars. What does everybody end up doing?
[00:18:13] Host: Takes on a loan?
[00:18:16] Vance Lowe: No, they take that a thousand dollars and they pay that bill. ’cause it’s due today. Due today? Yes. Okay. And because it’s a, it may be a freak bill, it may be a one of a time, but it’s due now.
[00:18:28] Vance Lowe: The money’s right here. I could pay the bill. Well, let me tell you, if you do that, you lose. But we do that. You just passed up. The very best opportunity to invest money that you could ever create in your life. If you split yourself between two people, there’s you, the investor, and then those, there’s that guy looking back at you in the mirror.
[00:18:54] Vance Lowe: He’s your client, okay? He’s the one living off of you free. He’s outta money. It’s he [00:19:00] who is outta money. You just put into production a thousand dollars. Don’t you think the two of you could get together? Couldn’t you say, Hey, I could lend you a thousand dollars and now that I’m the bank, couldn’t you create a repayment schedule that would fix your budget?
[00:19:18] Vance Lowe: Everybody could. And even if it started out wrong, how hard would it be to refinance? It’d be very easy because it’s, you’re the bank. Now, the only question is, do you want your earnings high or low?
[00:19:31] Outro: Did that story feel like it was about you? Do you feel you should be making more progress toward your financial goals?
[00:19:39] Outro: Do you feel stuck? Let us help you get unstuck. Are you ready to take action and get your own private bank? Please call private banking strategies at (817) 200-4777 or visit us at [00:20:00] www.privatebankingstrategies.com. Oh, you want the earnings high?
[00:20:03] Vance Lowe: We want the money high. We don’t even care how long it takes to pay that bill off.
[00:20:08] Vance Lowe: We want to put a thousand dollars into production, so couldn’t we charge ourself 25% or even 50% in interest? Because that interest will be tax free and still keep the payment exactly where we want. So if we’re making 25% on a thousand dollars, how many other investments do we have out there that is netting us 25% after taxes?
[00:20:35] Host: A little to none.
[00:20:36] Vance Lowe: It’s called the 10% rule. No matter come heck or high water, you’re gonna be that much better off every single month you go one month without that, it sets you way back. Okay? It sets you back. You can never get ahead that way South you. Tie that up for us, would you? Sure. Yeah. You know,
[00:20:58] Seth Hick Esq.: what we’re talking about is [00:21:00] using the money that comes under your control for your benefit.
[00:21:04] Seth Hick Esq.: And most people treat money like it isn’t valuable, uh, and they let it flow out of their control rather than having it flow back into their control. So, for example, you have. A car expense, uh, in the form of a car note, and you could effectively, uh. Finance and purchase that car in a variety of ways. And one of them is you could pay the car dealership to finance it for you.
[00:21:36] Seth Hick Esq.: And a lot of people do that because they’ve got low interest rates. You could finance it through your own banking entity, your own private banking strategy, pay your own interest back to your bank and and effectively have a multiplied return. And I’ve described this on multiple podcasts before. If you use the.
[00:21:55] Seth Hick Esq.: Auto dealership to finance your car when you’ve paid it off? Totally. [00:22:00] You have a car that’s depreciated over the term of your loan. If you finance it through your own bank, you have all of the money that you spent on the car. Plus the interest plus whatever’s compounded and grown year after year, and you have a depreciated value of the car.
[00:22:18] Seth Hick Esq.: So the difference, like let’s say on a $50,000 car you’ll have, you’ll have your $50,000 plus the interest and accumulated, uh, compounding growth. Let’s call it 65,000. And you’ll have a car that’s worth 35. Thousand and thereby you’ve got a hundred thousand dollars in total value and wealth. If you finance it through the auto dealership, you just got a $35,000 depreciated car.
[00:22:43] Seth Hick Esq.: All that money’s out of your control. So that’s a really easy example for everybody to understand about utilizing the money that comes under your control. You can capitalize your own banking entity. And you can utilize your banking entity to finance your [00:23:00] life and finance all sorts of expenses, uh, and consumables even.
[00:23:04] Seth Hick Esq.: And all you have to do is figure out the right formula to match your cash flow.
[00:23:11] Vance Lowe: I wanna identify what a wrong formula is that we normally do with cars or anything else. We’ve all heard that. Paying cash for everything is the best way to get through life. Well folks, you know what we think we know about money that’s incorrect is really gonna kill us, especially in this situation.
[00:23:36] Vance Lowe: This was set up and propagated by the banks to keep us slaves to the system, and here’s why. It’s a get back to zero strategy. We save up for the vehicle. Then we take that money and we pay for the vehicle. Where does that leave us? Zero. Mm-hmm. Okay. No mo no money in production. Okay. And we don’t think we have a car payment.[00:24:00]
[00:24:00] Vance Lowe: Everybody, no matter how they acquire the car, is gonna have a car payment. And if they’ll face up to that, the things like Seth just said can happen, you know? And, and the abundance and the opportunity will, will seek them out or. We go into debt, we let the car dealership finance it. Now we’re heavily in debt and we make those payments up.
[00:24:22] Vance Lowe: And let’s say we pay it off. We have a depreciated a asset. But where does that leave us? Zero. Okay. We’re showing you folks a way that you could leave that behind forever and always increase wealth. So let’s go on to one that nobody believes they can live. And it is so easy to explain away. It’s called Never Spending Principle.
[00:24:50] Vance Lowe: Seth, what is principle?
[00:24:53] Seth Hick Esq.: Well, principle is the seed. It’s the seed that comes into your hand. You, you don’t eat [00:25:00] your seed, you don’t spend principle.
[00:25:03] Vance Lowe: Okay? Another way to define that is people, uh. You know, they just get their eyes really big and then they just, uh, you know that that can’t be true, but they’ve all heard, you can never, ever spend principle.
[00:25:18] Vance Lowe: The successful people don’t. Mm-hmm. It’s the money after taxes that you bring in to your domain, under your control every single month. That’s principle. We can’t spend it. And everybody starts scratching, well, I’ve got expenses, I’ve got living, you know, expenses, overhead, everything. You know, that’s, that’s a fallacy, that’s an impossibility.
[00:25:40] Vance Lowe: And they give up at the beginning. They don’t need to. What if we can show people how to get back a hundred percent of their monthly expenses every single month, would that person then be spending principle? The answer’s no. Well, you can’t do that. Well, let me ask you this question. Do the [00:26:00] banks always get the money back?
[00:26:03] Host: Always,
[00:26:04] Vance Lowe: always, oh, well what about the the bad loans? Uhuh, they still get the money back. It’s called collateral. Okay. A bank will 10 times at least, your loan in collateral. They want a million times. In other words, they want control of everything you have on a 10,000 loan, on a million dollar company. All your inventory, everything they’ll put, make you sign that.
[00:26:31] Vance Lowe: Okay? So you on the basis of, of principle, if we can get it back. Then we’re not spending it, but now we discover the use of money. Money has to move. It’s called velocity and volume. We have to move it. So we’re gonna do it just like the banks. We’re gonna show you how to do that. You know, we have, uh, as people go through our process.
[00:26:58] Vance Lowe: I’m not even there. [00:27:00] CES’s not even there to show ’em how to do that. It’s, they look, learn it from a 20 minute video and by the time they’re done with that video, they look at each other if their spouses or whatever else, and they’re nodding their head, yeah, we’ll always get the principal back if we do that.
[00:27:16] Vance Lowe: But we haven’t been doing that. Okay, we didn’t even know we could do that. So this is the secrets maybe of money that the banks don’t want you to know. We have a little book titled that and later on self will tell you how to get that. But, uh, never spending principle folks, you put it to work you and you get it back, which means you’re gonna learn how to get multiple touches on the same dollars.
[00:27:41] Vance Lowe: Boy, if we could, you know, purchase something, get the money back and repurchase and get another one, and with the same dollar, our lives would really improve as far as the value of money well inside of a town. If I were to go into town, stop and buy gas [00:28:00] and fill up for 50 bucks, now town has a new $50.
[00:28:05] Vance Lowe: That gas station owner say, Hey, I’ve got $50. I’m gonna go across the street and I’m gonna buy $50 worth of groceries. And he comes back with $50 worth of groceries. But now my 50 bucks is with the grocery store. The grocery store owner says, Hey, I depleted inventory. I gotta go buy, you know, stock my shell.
[00:28:25] Vance Lowe: So he goes across town to the warehouse, buys $50 worth of inventory. It comes back with $50 worth of inventory, but now my $50 at the warehouse, and then the warehouse takes it to the dentist. The dentist takes it to the mechanic, the man mechanic takes it to the restaurant, so on and so forth, all over town.
[00:28:45] Vance Lowe: It’s only one $50. But look what that does and everybody listening to this, it’s probably not happening in your life, but could be happening. It’s easy to set up. It’s easy to [00:29:00] do if you have money working for you when you go to work. And earn income. That little, that of, of the total amount you produce from your efforts, you get back.
[00:29:15] Vance Lowe: In principle, there’s one more fallacy here, and, and, and Seth, I want you to really, you know, just polish this out for us. People think, again, this is incorrect thinking. If I spend a dollar every month, I just have to go back to work and earn a dollar. And that’s totally incorrect. First of all, if you’re working for someone, you have to make them a lot of money to justify your pay, right?
[00:29:45] Vance Lowe: So that could be 10 to one, it could be even 20 to one. And then you don’t take into account you had to drive your car there, so there’s wear and tear on your vehicle, your clothing, [00:30:00] and now you add your time in to to earn that, that paycheck. Okay, because that’s a separate item. And as we go down the list, you are making money for all sorts of.
[00:30:13] Vance Lowe: People in essence. And the last one would be Willie Sutton or the IRS is gonna take their share without any effort at all. So depending on the circumstances, it’s easy. 2025 to one, you’ve gotta produce a lot more money in the system for you to clear one, and then you turn around and spend it again.
[00:30:35] Vance Lowe: Correct me, you guys, if that’s not a definition of insanity, I don’t know what is. And this is why people are, get more and more frustrated and disgruntled as years go on and they don’t see improvements. Seth, what do you think there? What have I, I missed?
[00:30:52] Seth Hick Esq.: I think you’re, you’re hitting the nail on the head.
[00:30:55] Seth Hick Esq.: These rules are rules that folks can easily implement. First, [00:31:00] you have to have the awareness that, uh, of what’s limiting you. And you have to have the ability to, to grow and learn new. Things, but this is not complex. It’s not super sophisticated, strategically impossible or uh, an insurmountable thing to accomplish.
[00:31:18] Seth Hick Esq.: Like Vince said, we have tools and things that we put in our client’s hands that help them learn these strategies easily, quickly, and understand how money should. Flow in their own family economy and how they can get it back and how they can turn, uh, what looks like, uh, negatives into positives. And one of the things that Vance is, is such an expert at is helping them analyze their own expenses, their own debt, and be able to, uh, set out a, what we call an eight year roadmap that shows them the positive growth.
[00:31:56] Seth Hick Esq.: Month after month, year after year for eight years [00:32:00] and shows them exactly what to do step by step to get to the end of the golden road, so to speak, into the rainbow. And, um, it, it’s, it’s really quite phenomenal for people, and, and I’ve said this before, Vance really loves to help the underdog, the people that are out in credit card debt and turn them into success stories.
[00:32:22] Seth Hick Esq.: And so we, you know. It’s available to people. Everyone is a candidate. You just have to learn how to manage your own family economy.
[00:32:31] Vance Lowe: Yeah, I think, uh, people listen to some of our podcasts. We have, uh, one co called Chiropractor Story is one of the very first things that happened in, uh, in, in helping people.
[00:32:43] Vance Lowe: And, and people can look at that and research that what Seth just introduced was the, the third rule or the third thing we cannot do without. And that’s a well-defined written plan. That’s updated regularly. People choose not to do [00:33:00] that. Just I’ll prove it to you. Go ask, you know, at least three of your friends if they have a written financial plan, and if all three don’t say no.
[00:33:12] Vance Lowe: I would be surprised. And if you keep asking and you get to 10, you might find one. Just make sure he is not lying to you,
[00:33:25] Vance Lowe: but we have to have a plan. A plane can’t take off in the air without a flight plan. Right. That’s by law. Okay. Uh, a ship can’t set sail without, you know exactly where, where they’re headed. Mm-hmm. A train, of course, they, they have a track, but they still have a destination and know exactly what it’s gonna do, and everything is calculated down to how much fuel’s gonna be burned, everything else.
[00:33:54] Vance Lowe: So successful corporations, they have five year, you know, one year, five [00:34:00] year, 10 year plans. Um, and this comes from Warren Buffet himself. When Warren Buffet decides to invest in a. Company many, many times. He absolutely surprises the ownership and the board of directors of that company when he comes into ’em and says, Hey, I’d like to have a, a meeting, uh, thinking about investing, uh, with you guys.
[00:34:25] Vance Lowe: Well that’s a great opportunity. ’cause you know, they put the word out. They need investors. So when he comes in, he’ll literally lay out a 10 year financial plan for him. And tell them where they’re going and they don’t even know it. Now, if I’m gonna invest a hundred million dollars here, okay, this is the potential you guys have, so we need to make sure, you know, this is where you guys are pointed, this is where you want to go, and that we put the infrastructure together to assure us that we’re gonna get there, [00:35:00] because I don’t invest in things that lose money.
[00:35:05] Vance Lowe: So. These three rules are absolutely critical that we agree with, so a financial plan needs to be simple. Something that you have a hundred percent confidence in that you know you can perform every single month. And surprising even with our clients, I’m seeing the group split out in threes. Okay? A third of ’em.
[00:35:33] Vance Lowe: Are literally updating the plan on a regular basis. They’re asking questions of, can I do this? Can I do that? You know, I’ve implemented this. Oh, by the way, I have a lot more money, you know, that I could add to this. Then there’s the group following the plan religiously, just like it’s planned out. And then every, almost every day I get a phone call of of people that are struggling, [00:36:00] and the first thing I ask them, are you following the plan?
[00:36:03] Vance Lowe: No, why did we go to all the work? I just, before we started our, our, our podcast today, I just had a, my commend and tell You’ve got an appointment with a client that is questioning things and no, he’s not following the plant. So, you know, we, we need to deal with that. Uh, we want to help everybody. So these financial laws, the five financial laws and the.
[00:36:33] Vance Lowe: Three money principles. If you can defeat those laws and live those principles, you cannot help but succeed. Success is just going to happen. You can fall flat on your face, you can trip, you can, you know, have all kinds of disasters come your way, but you can’t help but succeed ’cause you’re doing everything.
[00:36:58] Vance Lowe: That cake’s gonna come out [00:37:00] every single time. You are gonna come out every single time.
[00:37:04] Host: That’s some excellent insight, Vince. Excellent insight. What I wanna say is, as you guys have heard today, using money the right way can reap tremendous amount of success, but using it the wrong way can be very scary.
[00:37:17] Host: So if you’re in the group of watching things happen, or worse, wondering what the heck happened and wanna start making things happen, the mask can provide you with the knowledge and tools needed. What else do you have for us today, guys?
[00:37:29] Seth Hick Esq.: Well, I’ll tell you how you can start the journey. We have a book that we like to call a red pill book, and it’s called How to Grow Rich with the Secret That Banks Don’t Want You to Know.
[00:37:41] Seth Hick Esq.: And we discover and explore some of the principles that we’ve talked about today and others and how you can effectively create your own wealth curve with implementing some simple changes. And you find that on our website. It’s at private banking strategies.com. That’s [00:38:00] private banking strategies.com and you’ll find a popup there where you tell us your name and, and your email, and the book is available to you either by PDF or audio version at that point.
[00:38:13] Seth Hick Esq.: And so you can listen to it on the go. We’ve made it available in, in multiple media formats for the convenience of folks that wanna learn, and after that we have a vast resource of. Podcast and where we go into deeper dives and illustrations about certain things that apply to various clientele, business owners, entrepreneurs, families, and debt.
[00:38:37] Seth Hick Esq.: And those are all categorized in our website, uh, under resources and under podcasts, podcast resources. And so once you’ve done that, if you’ve, you’ve listened to the book and listened to a podcast or or two, and things resonate with you, the next step is to schedule a call with Vance. He will start to walk you through this process and ultimately get you [00:39:00] prepared to plan your own eight year roadmap with him that shows you exactly what to do, step by step to take you into the next stratosphere with your wealth.
[00:39:10] Seth Hick Esq.: So that’s basically our process.
[00:39:12] Host: I love it and I’m sure the audience has a few questions. They always do, but they know how to get in touch with you guys. Thank you too to you, Seth, for saying that Vance, you made an excellent reference to a previous episode that I myself listened to as well with Mr.
[00:39:24] Host: Chiropractor. If anyone else is interested in hearing that remarkable story, you can find it again on the website. It’s on the resource tab and podcast and it is episode five. Put your debt to work for you, part one. And before we go, Vince, do you have any last minute remarks?
[00:39:39] Vance Lowe: No, I just want everybody to be able to succeed, to break out of the change.
[00:39:45] Vance Lowe: They don’t even know they’re that existing around their ankles, you know? And the traps about money. It’s not hard to end up life with more money. Than you started with. Instead of worrying [00:40:00] about, am I gonna outlive my money? That’s the motivation, okay? For us.
[00:40:06] Host: I love it. I love it. Not only can I relate to it, but I know everyone in the audience can as well.
[00:40:11] Host: We wanna thank our audience for tuning in and supporting the Private Venue Strategy podcast with Vance Low and Seth Hicks. If you have not subscribed to the podcast, guys, please hit that subscribe button below. That way you’re up to date. When a new episode comes out. Lastly, if you have any questions, please email us and visit the private banking strategies.com website as soon as you can.
[00:40:30] Host: This podcast really guys, is about educating you, so if you want to hear more from us, please tune in as soon as you can. And we also wanna hear from you guys. So we also remind you to review and share this episode as it helps us find, uh, new people, find this show. Again, thank you for tuning in from everyone here at Private Banking Strategies.
[00:40:47] Host: We’ll see you guys next time.
[00:40:49] 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 [00:41:00] get unstuck. Are you ready to take action and get your own private bank? Please call private banking strategies at eight one seven.
[00:41:09] Outro: 204 7. Seven seven or visit us at www.privatebankingstrategies.com.
