[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.
[00:00:39] Host: Hello and welcome to Private Banking Strategies with Advance Low and Seth Hicks Bands.
[00:00:43] Host: And Steph, what’s going on?
[00:00:44] Vance Lowe: Hey, it’s great to be alive today, even in a world of disorganization.
[00:00:49] Seth Hicks Esq.: Yeah, glad to be here, Darien. We’re excited about this podcast with you and looking forward to jumping into content.
[00:00:55] Host: That’s excellent. Fantastic. Now I have to say, guys, I am very excited to be here with you. Uh, I [00:01:00] am the new guy on the block, but I’m eager to learn from both of you gentlemen.
[00:01:02] Host: So Vance, I understand that you introduced the show topic with the audience. So what do you have on the agenda today?
[00:01:08] Vance Lowe: Well, today we based the topics on some of the experiences we have kind of on a regular basis and some of. The topics are a little bit seasonal, so there’s sometimes of the seasons that we tend to spend more money than other times could be, you know, getting into education in the early fall.
[00:01:27] Vance Lowe: It could be vacation, so to speak, uh, you know, in the springtime wanting to get out. And then in the winter, you know, it could be spending money on Christmas or whatever else. And so we’re kind of in the middle of one of those seasons right now, and I think it’s general that we talk about it, but we end up spending the money.
[00:01:46] Vance Lowe: You know, we decide we’re gonna spend some money and sometimes we try to do budgets and we do a lot of saving. We do all kinds of things to meet our expectations that we want, but we’re always under some sort of a [00:02:00] guideline. We only have a limited amount of income. We only have so much. And if we’re prudent and live within our means, that’s even harder.
[00:02:08] Vance Lowe: So if we’re gonna spend the money anyway, and then this might be the topic of today, why not make arrangements to get the money back? If we can get the money back, then we can make the interest or the profits that the people who end up with the money are gonna get. So let’s explore that a little bit.
[00:02:26] Vance Lowe: Seth, what can you add to that, you know, in this season?
[00:02:30] Seth Hicks Esq.: Sure. Yeah. Well, you know, when people first hear that Darien, they think, how do I get my money back? I have to spend 200 bucks on my utility internet connection and phone service. I’ve gotta pay for my electricity, my gas bill, my water bill, my trash and sewage.
[00:02:45] Seth Hicks Esq.: I’ve gotta pay for just general expenses on a monthly basis that just flow right out. I’ve gotta pay generally a car payment. May have to pay a house payment. And so those are typical expenses that most Americans have, [00:03:00] and we like to use an automobile example to prove that people can get the money back a lot of times.
[00:03:07] Seth Hicks Esq.: And we’ve got, uh, an example from one of the mentors and, and original OGs, we call ’em Nelson Nash and the infinite banking concept. World who actually utilized this with his own family members. And he had two twin sisters that were nieces of his, and they one strategy, one employed another. And we’re gonna take a quick look at that and Vance is gonna walk us through that illustration and we’re gonna prove to you how you can get the money back and how not only you can get the money back that you’re spending on an automobile expense in this particular case, but that at the end of the road you will have.
[00:03:42] Seth Hicks Esq.: Significantly and parabolically increased your wealth over the alternative methods of financing, even paying cash, just piling up cash, and then buying a, an automobile by cash versus using our methodology in the private banking strategies world [00:04:00] and show you exactly what your wealth curve will be at the end of that road.
[00:04:03] Seth Hicks Esq.: So, Vance, I’ll, I’ll hand you back the mic and we’ll dig a little deeper into Twin Sisters.
[00:04:09] Vance Lowe: Okay. All of this stems on a couple of of strategies that we live by and don’t even know, and it’s called a get Back to zero strategy. We’ve been taught by our mentors, our parents, you know, and the people that we trust that the best way to get through life is to pay cash for everyth.
[00:04:27] Vance Lowe: Well, I’m here to tell you that’s just a hundred percent fallacy because we still end up financing everything a hundred percent. Everything we purchased throughout life, we finance, and that’s one of two ways. Either we pull money out of production and buy the item, and once we buy the item, or does that leave us, it leaves us back to zero if we’ve saved it up.
[00:04:48] Vance Lowe: We can’t put it to work. Okay. So normally if we have excess money, we’ve got it working for us. A lot of people think they have their money working for them when they don’t. A lot of people will [00:05:00] show me when I ask the question, well, show me your assets that you have working, producing income for you or money for you.
[00:05:06] Vance Lowe: They’ll show stock accounts, mutual funds. They’ll show portfolios. They’ll show 4 0 1 Ks, IRAs or anything else, and they’re absolutely shocked when I. Tell them and prove to them that you’ve put all that money to sleep. ’cause you have to leave that money in those accounts only to collect interest. You can’t use it.
[00:05:27] Vance Lowe: You can’t pull it out. And the problem is, are the people who are using the money, we believe that they’ll double your money on the average. Almost every two and a half years, two and a half to five years, they’re going to double your money. How many of your counts have doubled at all? So it’s called a get back to zero strategy.
[00:05:49] Vance Lowe: Everything you know in life, when we think we’re doing the right thing, it’s still, we end up losing the money. We spend it, it doesn’t come back. Another catchphrase, what we use is, what [00:06:00] arrangements have you made this month to get last month’s? Expenses back. So if I were to ask you that, what would you say?
[00:06:07] Vance Lowe: I would say I haven’t made any.
[00:06:11] Vance Lowe: You, you’d say it’s impossible. Well, it goes along. Everyone’s heard and sometimes people say, well, I don’t think I’ve ever heard that. I kind of don’t believe it. I’ve been around the block for a while. You can never ever spend principle. Everybody thinks that the Warren Buffets, Donald Trump’s all the successful families out there never spend principle.
[00:06:33] Vance Lowe: So what do you do with it? Also, and here’s the secret guys, do the banks. Always get the money back. What’s the answer to that? I would say banks always get their money back. They always, some people I’ve heard now, nine out of 10 say, yeah, they always get it back. And then that one will say, well, there’s loans that default.
[00:06:52] Vance Lowe: No, no, no, no, no. Banks don’t risk their money. And it’s called collateralization. If banks lend [00:07:00] out a hundred thousand dollars, they’ll want a million dollars worth of collateralization and they’ll keep going. If they can get more than that, they want control of everything. So this getting back to zero when it comes to cars, cars are a great thing because cars are a one of the largest purchases that we make, and people decide, Hey, I am gonna buy a new car, but to get the value, I’m gonna drive it till it falls apart.
[00:07:26] Vance Lowe: Other people say, Hey, I’m making a good income, so I’m gonna upgrade my car every two or three years. Even today, in today’s economy, the American automobiles industry and the American cars that we have here can be of great value if you know how to use them. And they are a tool. I really enjoy playing with people when I ask them if they have a car payment.
[00:07:50] Vance Lowe: A lot of people say, no, you know, I’ve paid off my car. And I go, that’s really, really interesting. So the only way you convince me you don’t have a [00:08:00] car payment is if you’ve torn up your driver’s license and you’re never driving again. ’cause what’s happening to the vehicle? Oh, well, it’s wearing out and eventually you’ll need another one.
[00:08:09] Vance Lowe: So my guru who really helped me along the path here, uh, on vehicles, put in a, uh. Seminar book an illustration on how to finance vehicles. All these experiences in his book were on his family. He was older, he had some, uh, twin nieces. They were identical twins. And the story he goes on to tell how identical they were is really something, I guess I’ve, I, I never saw.
[00:08:36] Vance Lowe: But he, uh, set up a financing situation for the both of them to be able to finance vehicles. A lot of people will put money in a cd. Because CD is really a fast start. If you want something very, very short term, then not now anymore. This was, this was back when they were paying 6, 7, 8, 9% interest on CDs and, [00:09:00] uh, you would put money in there.
[00:09:01] Vance Lowe: Over time. I did that personally. I would save up my money in a CD and then I would pull it out and uh, go purchase my car. So they did that, uh, he and he did two illustrations. He says, okay, you guys want to use the cd, but I’ve got another plan for you. If you’ll put the amount of savings, which is $5,000 a year into a contract that I want to show you.
[00:09:25] Vance Lowe: It’s an old style banking contract. Let’s just compare over a lifetime what the two differences are. And so he went seven years. Of them accumulating $5,000 a year. So he did that. He also showed if they did it in a cd okay. And at the end of seven years, there was, um, and I’m gonna look off to the side here.
[00:09:49] Vance Lowe: So I’ve got the exact numbers that are in the book. The CD person had $41,000 plus some change, and the person. And [00:10:00] the policy had 35,000, so there was quite a big difference. He goes in and tells a story about the, uh, the twin sisters communicating with each other, and we would do that on a separate basis.
[00:10:11] Vance Lowe: I’m just trying to touch the highlights here, but there was enough. In both of these accounts for these two, uh, girls to start financing. And what they did is they took out $10,500 to, uh, finance part of their first car. They may have had a trade in or something else, but that’s the amount they financed and they pay, uh, set up a repayment schedule.
[00:10:34] Vance Lowe: This is where people go wrong. This is, they don’t pay themselves back. They take the cash, buy the item. But now you have to realize you have to pay yourself back so you’ve got the money back again to do it over again and, and therefore you break out of the get back to zero strategy.
[00:10:50] Midroll: Did that story feel like it was about you?
[00:10:53] Midroll: Do you feel like you are generating a lot of revenue but are not moving forward as fast as you would like? [00:11:00] 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.
[00:11:20] Seth Hicks Esq.: So we’ve got two different sisters. One’s going to use the private banking strategy, the contract advance, describing. One is going to use savings through a CD methodology at the end of seven years. The CD sister has 41,000. The person who used the private banking strategy, the other niece, the sister, she had just under 36.
[00:11:41] Seth Hicks Esq.: So CD sister saying, see I’m right. I make more out of a cd.
[00:11:46] Vance Lowe: Yeah, she was just hammering the other one. Yeah. Hammering
[00:11:48] Seth Hicks Esq.: the other. Hammering the other sister, you know? Yeah. You’ve made a mistake. Nelson doesn’t know what he is talking about. Her uncle’s crazy. So they finance their first car. Apparently they buy the exact same cars [00:12:00] and they, and they utilize the, you know, $10,550 of the CD for the one sister, and they use $10,550 from the private banking.
[00:12:11] Seth Hicks Esq.: Contract that we’re describing the other sister. So that’s just to summarize and and recap the foundation that we’re laying. And they’re, they’re paying back themselves, both of them, $3,030 a year. So that’s just under $300 a month that they’re making car payments. CD sisters paying it back into her bank cd and the other sister’s paying it back into her own private banking strategy.
[00:12:36] Vance Lowe: So this goes on until retirement, and they’re paid back every four years. So every four years they upgrade their car, they trade it in, and they keep financing a new 10,500. So at age 65, they now compare. And the CD sister has $258,000 in her CD [00:13:00] account, and the private banking strategy has just under $1 million in her policy.
[00:13:07] Vance Lowe: If they did everything exactly the same. Why did the banking sister, the private banking sister, have over $700,000 more than that one in the cd? Let me explain that. Who owns. The CD bank, other people, and they make all the profits. Well, these special contracts make you an owner of the life insurance company and they pay profits in addition to the guaranteed account every single year, and those profits were added back in.
[00:13:43] Vance Lowe: In addition to that, she got a ton of life insurance, over $800,000 of death benefit paid for during that time as well. But the beauty part, they’re gonna start taking cash out. They’re now retired and they want to [00:14:00] take income out just for this one illustration.
[00:14:02] Seth Hicks Esq.: So at retirement age, Darien, they’ve got very disparate amounts to draw from.
[00:14:08] Seth Hicks Esq.: The CD sister has 200 and let’s call it $260,000, and the private banking strategy sister has just under a million. So they both start to draw down for retirement needs and this. Illustration is a few decades old because these sisters were younger when Nelson implemented this. So these numbers change with current day values, but this, the illustration still remains.
[00:14:33] Seth Hicks Esq.: So the CD sister pulls out $50,000 a year and the private banking strategy sister pulls out $50,000 a year. Well, at the end of, as you can tell, five. And a half years, a little more than half, five and a half years. 50,000, 50,000, 50,000, 50,000, 50,000. Then 34,000. The CD sister’s outta money. Her retirement fund is totally depleted, whereas the private banking strategies [00:15:00] sister, she draws $50,000 down into death, and then she, she doesn’t even use it all by the time she.
[00:15:06] Seth Hicks Esq.: Passes on and the death benefit you made One error Vance in the, in discussing the death benefit. She didn’t have $800,000 in death benefit. She had over a million dollars in death benefits, but by
[00:15:18] Vance Lowe: the time she dies through life expectancy,
[00:15:21] Seth Hicks Esq.: right?
[00:15:21] Vance Lowe: Because you see the life insurance and these contracts grow every year.
[00:15:26] Vance Lowe: The death benefit amount, it increases every single year. So she could take $50,000 out for the rest of her life, however long that was, and still pass. $1.3 million to errors. Everybody buys cars, right? Why not do it a smart way? You don’t have to pay a dime more. That’s what we’re trying to get at. There’s a better way for you to finance and buy things, okay?
[00:15:50] Vance Lowe: But you’ve gotta set it up in advance. You’ve gotta know how money works, so we’ve gotta stop treating money like it’s [00:16:00] worthless. I always tell people, we want to get you ready to take this for a test drive at no obligation. Kind of tell ’em how we do that.
[00:16:08] Seth Hicks Esq.: Well, the first place that you, you learn about private banking strategies is on our website.
[00:16:13] Seth Hicks Esq.: It’s private banking strategies.com. That’s private banking strategies. All one word.com. And there you’ll have, uh, an offer that we give for a book that we like to call a red pill book that dives into some of these concepts. And we’ve made it available to folks in A PDF or in an audio version so that you can listen to it on the go or you can read it if you’re a reader.
[00:16:38] Seth Hicks Esq.: And that’s our real entry point to understanding some of these concepts that we’re talking about, like compounding interests and how, uh. The banking system that most people use is really not a safe place to keep your money, and they’re making money off of you and you can actually make the money yourself.
[00:16:54] Seth Hicks Esq.: So once you’ve read that book, we, uh, have all of our podcasts available to our [00:17:00] audience on our website, and you can start in various places. There’s titles that may resonate with you over another. Take a look at a couple of the podcasts. If you want to just start from the very ground zero, start at number one where the intro is, and you can get some foundational block work and what we’re doing there.
[00:17:18] Seth Hicks Esq.: If those things resonate with you, then you can schedule a call with Vance. Through an exploratory call process where he digs in deeper into your particular situation, your family, your finances, your motivations, and starts to begin to that process with you in an exploratory call. So that’s kind of our, our general starting point.
[00:17:41] Host: Fantastic. Vance and Seth, thank you for your tremendous insight today. I’m sure the audience has a few questions, but after this, you know exactly who to get in touch with. All thanks to you guys. So guys, any last words before we wrap this up?
[00:17:54] Vance Lowe: I just wish everybody out there to stay safe and, uh, think smart about
[00:17:59] Host: money.
[00:17:59] Host: [00:18:00] Excellent. Alright guys, thanks so much for the insightful day and thank you to the audience for tuning in and supporting the Private Banking Strategy podcast with Vance Low and Seth Hicks. If you’re not subscribed to the podcast, please hit that button below so that they’re up to date when Vance and Seth come out with new episodes.
[00:18:14] Host: And then lastly, if you have any questions, please email us or visit, like Seth said earlier, the private banking strategies.com website. As soon as you can, this podcast is about educating you, so we want to hear from you all. We also remind you to review and share this episode, and it helps others find the show.
[00:18:30] 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. Thank you for listening to the Private Banking Strategies podcast.
[00:18:58] Outro: Click the subscribe button below to be [00:19:00] notified when new episodes become available.
