[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.
[00:00:20] 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.
[00:00:38] Seth Hicks Esq.: Hello and welcome to Private Banking Strategies Podcast with Vance Lowens.
[00:00:41] Seth Hicks Esq.: Seth Fix, Vance. How are you?
[00:00:44] Vance Lowe: I’m doing great, Seth. I think, uh, life’s good at this point. How are you doing?
[00:00:49] Seth Hicks Esq.: Doing great. Yeah. We are on a multi-part series regarding financial freedom. A lot of people come to us in places where they, they want strategies to be [00:01:00] financially free. They wanna take the banking equation back in their life.
[00:01:03] Seth Hicks Esq.: They wanna manage their finances with approvable strategy. And so we’ve been talking for a number of podcasts about. Financial freedom. What does it mean? You know, debt-free living, having emergency reserves, creating cash for flow. How do I achieve a step-by-step process? And we told them where they can get that information from you.
[00:01:25] Seth Hicks Esq.: And today we’re gonna keep building, uh, on the financial freedom topics Vance, and we’re going to get into the cornerstone of what our strategy is and the role of whole life insurance. In building financial freedom. So what can you tell us?
[00:01:41] Vance Lowe: You know, I want to get, uh, started on this. We all have preconceived ideas and insurance through my lifetime has been battered around, you know, to the point that is dead on arrival, so to speak, with different.
[00:01:59] Vance Lowe: You know, [00:02:00] people trying to push things one way and push the things the other way. The inescapable part about insurance is that has never gone away. You know, there’s an old saying, Seth, that you can fool all the people some of the time and some of the people all the time, but you can’t fool all the people all the time.
[00:02:18] Vance Lowe: So let me take you back in history folks, and let’s declare and give credit where credit is due when our country first started. Insurance came over with our pilgrims and they established the banking equation in our country. It was handled by life insurance companies and the need that people had dictated how the companies were formed and put together.
[00:02:44] Vance Lowe: And there’s a companies that exist, started back at right when our country first started. These are mutual. Participating whole life insurance companies. By mutual it means self-owned. [00:03:00] Participating means profits being given out if profits are due, but it handled a banking equation quite a bit different.
[00:03:07] Vance Lowe: Of course, at the beginning because we didn’t have lock boxes. They had an agent and if you were lucky. Be near one. They would handle your important papers and you know, anything you wanted to put on hold for them to manage for you. And we rose to become the most powerful nation on the planet. It wasn’t because of banks.
[00:03:25] Vance Lowe: Lemme give you another thing, folks. The statistics in the corporate world, how long it takes a new startup company to make a profit that doesn’t come from banks, it comes from a life insurance company and it’s tied into what’s called cash value. The cash value is the amount of money that. They’re giving you access to that accumulates over time and all those statistics and, and we’ll share in detail with you how all that works.
[00:03:51] Vance Lowe: And so when we talk about that today, and that’s our focus point, is where to store your [00:04:00] assets until you can put them to work. That’s what we’re going to talk about. We’re not talk, going to talk about how to own a life insurance policy and how much death benefit that’s gonna provide. That can be handled.
[00:04:16] Vance Lowe: Another time. We’re going to talk about a banking contract that will get us to a hundred percent or above a hundred percent efficiency as fast as possible. Okay? So we completely reverse engineer. A normal contract to pull out the most cash gain possible period. And you know, there’s other people who try to sell products, who try to twist that all over the place, but we have the correct ratios and percentages in order to really treat.
[00:04:46] Vance Lowe: That for long term. So we’ve gone into detail about a life insurance contract, how it’s set up, how it works, and some of the benefits. We can hit the key points today. Before I go any further, I want to [00:05:00] issue a challenge. Folks, if you’re listening to this today, thank you very much. I have a challenge for you.
[00:05:08] Vance Lowe: I’m going to give it at the end of this podcast. It’s a puzzle. I want you to see if you can solve it and then find the answer. Okay? Enough said on that. So, I want us to think about banking. We have to hold our money in a safe place. Over the last 30 years, banks have tried to get us to move our money away from safe places.
[00:05:31] Vance Lowe: All the way through the 19 hundreds, it was safety first, get your safety money up and running, have enough money in a safe place, and then you take maybe 10% or whatever and you can start risking it, putting risk on it, and that’s the difference between yield and average rate of return. If you don’t know the difference, you can look in our podcast because you need to understand their world’s apart.
[00:05:55] Vance Lowe: Totally different. We, and the banking world works off of yield, [00:06:00] which means money put in your account. That can never be reversed. So where is a safe haven that we can put money and stay placed with inflation, stock market, whatever else. A lot of brokers, people who are tied into the stock market, they hate hearing this, but it’s still a fact today.
[00:06:19] Vance Lowe: Life insurance, cash value growth outperforms the stock market long term. It always has. Always the stock market is like playing the roulette wheel. The odds are always going to be favor the house because of those little green, some of ’em have one green zero and some have one and a double green zero, and if it’s there, that’s all the advantage of the house.
[00:06:44] Vance Lowe: So we need to put. The odds in our favor. We need to have a place where we can build up store money before we put it to work. And that’s why I’m talking about that. That’s why we need this. If we couldn’t have the contract, we would then talk [00:07:00] about re-access of principle. There are financial tools out there that you have and probably use, but you don’t realize the potential credit cards, for instance, home equity lines of credit are fantastic tools, fused properly, but not anywhere close to this type of deal where we get to own it.
[00:07:18] Vance Lowe: We get the profits in addition to guarantees. We know what future values are already gonna be in in these types of things. We can store up money and then we can leverage it, keep our money working in there. We can leverage money out and purchase something that allows us to get that money back. We can buy debt and those payments coming back into us will pay us all the gains plus our money back.
[00:07:42] Vance Lowe: And that’s the whole secret of what we’re trying to do here, is being able to use our money over and over again and the facilitate of this to where we can sleep really good at night. Not worry about what government’s gonna do, or Congress or taxes or anything else, is where we hold our money. I talk to so many people, [00:08:00] Seth, that have fallen prey to the herd mentality.
[00:08:02] Vance Lowe: They’ve got IRAs, Ross. 4 0 1 Ks SEPs. I say that because I talked to ’em today. They got tons of money there. They’ve been reading our podcast and they’ve already considered figured out, oh, I shouldn’t have my money here. Well, yeah, you shouldn’t ’cause you don’t have control. So we just need to do the very best we possibly can if the banks can get the money back, and they always do.
[00:08:29] Vance Lowe: They never give away free money. At least I’ve missed that. I think maybe, do they have a free giveaway on Tuesday or something?
[00:08:39] Seth Hicks Esq.: Only if they can sucker you into opening a new account that they have for 50 years and charge you 10 bucks a month for 50 years. They give you a hundred as a bait. And then start to confiscate your money with a negative interest. But yeah, that’s one of the great things about the whole life insurance contracts, is that we can store our cash [00:09:00] value there with full liquidity, complete access, where it grows and compounds tax free.
[00:09:07] Seth Hicks Esq.: Year after year and is not subject to the Dodd-Frank Act, which centralized banks are not subject to any type of taking. They’re not gonna hassle you. It’s not like typical lending. If you go for a, a mortgage on a, a residential home where you’ve gotta qualify and you’ve gotta demonstrate capability when you’re your own banker, you set the terms, you set, you know how much money you put at work in play.
[00:09:35] Seth Hicks Esq.: You’re in complete control of the banking equation.
[00:09:37] Vance Lowe: And another great thing, and I always love this and it’s refreshing every time. I pull money out. They only ask me two questions. How much do you want? Where do you want to send?
[00:09:50] Seth Hicks Esq.: Right? Okay.
[00:09:51] Vance Lowe: That’s it. There is no repayment structure that they want to be involved in at the bank, man, just to make a deposit.
[00:09:59] Vance Lowe: If you go in with [00:10:00] cash, they’re gonna ask all kinds of questions, right? If you want cash out, you gotta make an appointment. You gotta give ’em time to get the cash. Okay? Because it’s not yours anymore. People just don’t understand the banks, they’re not safe anymore. They wanna control you and everything about you, and they wanna know everything there is to know about you because they think when you make a deposit that it’s their money.
[00:10:24] Vance Lowe: Now, did that
[00:10:25] Midroll: 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 own private bank?
[00:10:48] Midroll: Please visit us at www dot private banking strategies dot.
[00:10:55] Vance Lowe: There’s guaranteed growth on these accounts. They can’t break in and say, oh, we had a bad year [00:11:00] this year. We’re not gonna pay that. So the risk is on the insurance carrier, not you. What we’re talking about here is yield. There is no risk on your part.
[00:11:09] Vance Lowe: But if you switch to a product and people are trying to sell a banking strategy on a UL or an IUL, which is indexed universal life. The risk changes to you. You are on the hook. If there is a bad economy, if the government says something, your cash can immediately be involved. They can. I don’t think they can pull anything out other than expenses.
[00:11:38] Vance Lowe: They can’t do that, but they don’t have to put anything additional in until you are above their minimum guarantee, which is really low. One or 2%. And folks, we just don’t go with that. So be very, very careful when you look up on the internet to see what else is out there. Stay away from universal life.
[00:11:58] Vance Lowe: It’s even though they’re saying it’s [00:12:00] permanent, it’s not by definition because the cost of your insurance increases in that product every year, and it’s just not gonna be there at retirement. The cash is not gonna be there. The death pit’s not gonna be there when you retire. That’s my experience. ‘
[00:12:16] Seth Hicks Esq.: cause the premium goes from, you know, a hundred dollars a month to a thousand dollars a month, for example, when you hit a certain age.
[00:12:24] Seth Hicks Esq.: And that triggers premiums that are sometimes unabsorbable unpayable for people in that stage and of life.
[00:12:32] Vance Lowe: Yes. They have two, uh, different costs in those contracts. There’s the current and then there’s the maximum and they can switch either one they want at any time. It’s totally up to them.
[00:12:44] Seth Hicks Esq.: So that’s why the risk is then shifted from something with whole life insurance, your value is never gonna go backwards.
[00:12:51] Seth Hicks Esq.: It’s not gonna appreciate to a million and then dip back down to 600,000 with a big pullback. Correction, it’s gonna be a million plus, [00:13:00] and then the next year it’ll be 1,000,001 plus and so on and so forth. Compounding and growing always up and to the right on a chart. If you’re looking at growth, and in the latter years it becomes to go.
[00:13:12] Seth Hicks Esq.: Parabolic. So in years one, two, and three, it’s going out like this. And then when you get to 6, 7, 8, 9, 10, and then by the time you get to 25, it’s almost going straight up. And here’s a good tool to illustrate that Vance. And we, we do this. In our book, what the banks don’t want you to know, secrets Banks don’t want you to know that will help you get rich.
[00:13:33] Seth Hicks Esq.: One of them is compounding interest in a tax-free system. And we posed this question, you posed it to me and I failed originally. A penny doubled every day for 30 days will come to what value and people go scratch their head and they start doing the math and you told me it’s gonna be in the millions. I was at like day 15 and it was only at a hundred.
[00:13:55] Seth Hicks Esq.: Something dollars. And I said, there’s no way. And you said, just keep doubling. So I did day [00:14:00] 16 and it’s at 300, then 600, then 1300, 20, 600, and as I get down to days 25, 26, 27, at day 30, it’s 5 million. $368,000, $709 and 12 cents for a penny doubled every day. That’s the power of compounding uninterrupted growth, and that’s what you enjoy in a whole life insurance contract is compounding growth in a tax-free economy.
[00:14:30] Vance Lowe: I’m sitting back here giggling Seth, because we just answered the question I was the challenge I was gonna ask at the end. I wanted people to try to figure out on their own if they took a penny and doubled it three times. Ah, you know what, what, what equal. So, you know, you still might try it out just like Seth did here.
[00:14:53] Vance Lowe: Try it out. ’cause by the time you get to, what, 16 or 27, you’re not anywhere close to what it’s [00:15:00] gonna end up at. And so you’re gonna think it’s not gonna be very high. Right? I
[00:15:04] Seth Hicks Esq.: guess I, I spoiled the, the riddle. I’ve done that. But yeah, folks, you’re supposed to go figure out what a penny doubled. For 30 days comes to it, the 30 of the day.
[00:15:15] Seth Hicks Esq.: But I, I, I did the math for you and told on myself that I, at day 15, 16, I thought, it’s never gonna reach into the millions. It’s only at a hundred bucks. But that’s the power in the last stages.
[00:15:26] Vance Lowe: Someone like Seth to actually say that, uh, I just grinned from ear to ear. He’s an attorney, a very educated, smart individual.
[00:15:33] Vance Lowe: You know, just absolutely brilliant. But people don’t appreciate, do they Right. The compounding effect of money. What would happen if we were doubling these assets every two and a half to five years? How many of those doublings do we have? At some point, we can say we’re financially independent and we can go and live off the earnings of some of the money.
[00:15:55] Vance Lowe: And let’s say that happens at $6 million. Hey, there’s [00:16:00] enough being produced off the $6 million at work for me that I’m not gonna live like a millionaire. I don’t wanna. You know, I live on a 2200 square foot. Hals got a pool, got my shop, you know, wood shop. I’m happy. So I don’t need a lot of money to live on.
[00:16:14] Vance Lowe: So what’s happening in retirement, instead of your accounts going down, you start with 6 million. What happens if you checked out at 15 million when you’re dead and you pass that on to heirs? Are you gonna give it to ’em or are you gonna set up a family bank and have them continue on? So, folks, this is so exciting.
[00:16:33] Vance Lowe: This is so much fun. I just hope at this point we’ve tickled your fancy a little bit, your curiosity a little bit to come in and take a really good look at what we have. Because we’re not going away. We’re not salespeople. We’re not here to sell a product and walk away. We have invested interest in your success.
[00:16:54] Vance Lowe: I am not gonna be around forever. I quit aging at 40, but [00:17:00] my body doesn’t think so. I’m not gonna be around forever. And I have to depend on our clients to fight this battle, to share this, to move on with with people. ’cause it’s easy to set up and to work and to run. But if you give the money away, they’re just gonna spend it and it’s gonna be gone and the banks are gonna hit it.
[00:17:20] Seth Hicks Esq.: Well folks, we’re so glad you joined us today. You can find more resources and educational materials@privatebankingstrategies.com. It’s Private banking strategies.com. When you hit that website, you’re gonna get an offer from Vance and I to enjoy a book. What the banks don’t want you to know, I’ve mentioned it.
[00:17:39] Seth Hicks Esq.: And we’ve got a lot of nuggets in there. Folks, put your best email and your name in there and sign up to get that book. You’ll get it on audio and a PDF version, and then pay attention to your inbox after that because there’s a link to his calendar. If our book and our podcast resonate with you, you want to dig into this schedule an exploratory call.
[00:17:58] Seth Hicks Esq.: Vance through the [00:18:00] email that we send you, and that’s the only way you’re gonna get an invite to his calendar. So give us your best email and name and dig in. Roll up your sleeves folks. Put on your financial freedom cap and, and take this journey with us. Vance, any closing remarks?
[00:18:14] Vance Lowe: No, just you owe yourself an opportunity to see.
[00:18:18] Vance Lowe: Where this could possibly take you. And we challenge you to do that. We wish you the, the best in life, whatever choices you make, so hope to hear from you someday.
[00:18:28] Seth Hicks Esq.: Amen. Thank you folks. We’ll see you on the next one.
[00:18:30] Vance Lowe: Bye-bye.
[00:18:31] Outro: Did that story feel like it was about you? Do you feel you should be making more progress toward your financial goals?
[00:18:39] Outro: Do you feel stuck? Let us help you get unstuck. Are you ready to take action and get your own private bank? Please visit us at www.privatebankingstrategies.com. Thank you for listening to the Private Banking Strategies podcast. Click the subscribe button [00:19:00] below to be notified when new episodes become available.
