[00:00:00] Intro: Welcome to Private Banking Strategies Podcast with Vance Low and Seth Hicks, your secret weapon to protect your assets and never have to start over financially again. Vance and Seth help high net worth individuals, families, business owners, and investors, structure and asset protected tax free fortress for their families.
[00:00:21] Intro: Learn how to keep what you earn and use the velocity of money. To create your own private banking system. Join us on this journey as we explore the secret strategies of the rich and political elite and help you take total control of your financial security. Now onto the show.
[00:00:38] Seth Hicks Esq.: Hello and welcome to Private Banking Strategies V Low, and Seth Picks fans.
[00:00:43] Vance Lowe: How are you? I’m doing great today, Seth. I’m really looking forward to this next podcast. I think we got some good ideas.
[00:00:50] Seth Hicks Esq.: Me too. This is an absolute cornerstone foundation to operating your private banking systems, and it’s probably one of the most [00:01:00] fundamental concepts that people need to get and disciplines that they need to implement to be successful.
[00:01:07] Seth Hicks Esq.: I would really agree. So folks, we’re, we’re gonna give you some key insights. I would say this is probably the number one disciplined banking strategy that you have to implement to be successful. So we want you to stick around for the entire podcast. At the end, we’re gonna be giving you some golden nuggets and dropping some free gifts to you Vance.
[00:01:29] Seth Hicks Esq.: Pick it up from there.
[00:01:30] Vance Lowe: Well,
[00:01:30] Seth Hicks Esq.: guys,
[00:01:31] Vance Lowe: I think this is a unique opportunity and this is the first time we are getting into a very ultra deep level here. There is a grocery store story and it’s been used for multiple years, so this is really setting everything up for us to get in the proper learning mode because it means everything in the private banking strategy, how we set things up, how we operate, how we roll.[00:02:00]
[00:02:00] Vance Lowe: Maybe you make a couple more comments on what people can expect, and then let’s get right into it.
[00:02:06] Seth Hicks Esq.: Sure. So we have to think of ourselves in this context that we’re gonna lay out as both a consumer and a seller, and have some type of captive customer, so to speak. Nelson Nash describes it as a grocery store.
[00:02:21] Seth Hicks Esq.: The grocery store paradigm and analysis because everybody consumes groceries. Everybody needs to eat, and you have captive customers in the sense that you and your family have to eat. And I guess in a sense, Vince, you’ve got the people that are around that grocery store that also have to use that grocery store.
[00:02:40] Seth Hicks Esq.: You’ve got a captive consumer based audience, and you’re also want to conceptualize you as the owner. Of the grocery store. That’s really the foundation of this and the context for utilizing that paradigm. And this example is for your own banking system, using your [00:03:00] own banking assets and which is your money in a way.
[00:03:04] Seth Hicks Esq.: Where you treat it like a grocery store. And so we’re gonna ask some questions of folks that probably they’ll answer wrongly initially as they’re listening and walk them through that. But this is a very important exercise. It may seem a little bit redundant to some that are exercising it, but to most, like we said, this is like the critical step for people to be successful.
[00:03:27] Seth Hicks Esq.: You need to be able to put these disciplines that we’re gonna teach you about today into practice without thinking and make them a habit.
[00:03:35] Vance Lowe: When everybody thinks about a grocery store, what do you think about the grocery store? It’s the place you go and get food, but what is a wish? When we go to a grocery store, a lot of people think, Hey man, if I own this grocery store.
[00:03:49] Vance Lowe: I could have all the food I want and I could get it for a much cheaper cost because I’m the owner. That’s almost given scenario when people really don’t [00:04:00] understand what goes into a business, especially the grocery store. And this is such a perfect example. In Nelson Nash’s book, he starts off with the mechanics it’s gonna take to set up a grocery store, and it’s very involved and very, very detailed.
[00:04:18] Vance Lowe: When people hear about the private banking strategy because it’s brand new, they’re thinking, oh, this is maybe complex. This is something that might be complicated. I’m not quite getting it. I haven’t quite done it yet, when in fact, everything in the private banking strategy we are familiar with, we’ve just never practiced it this way.
[00:04:39] Vance Lowe: So he’s putting in the grocery store that it is a organized discipline. Okay? So if you’ll think of it that way, put it in your life that you now are the grocery store owner. How are you gonna run it? How are you gonna work it? How are you gonna do it? That brings in Seth the pandemic. It’s the first time in my [00:05:00] life I can remember going to a Walmart or a grocery store and seeing empty shelves.
[00:05:06] Vance Lowe: I knew it was because of the pandemic, but if you went into a grocery store and there were empty shelves, we probably wouldn’t go back there. They’re not doing well enough to keep ’em stocked. So there’s all kinds of secrets on how to display and keep your shelves stocked. That means you have to have a back store room, and it has to be.
[00:05:27] Vance Lowe: Full at all times, and you have to keep bringing out merchandise to fill up those lanes, those aisles, and all the shelves there so that it looks productive and profitable and people can pick and choose kind of what they want to do. So the other thing is if you set it upright, you can literally make a good living from the back door to the front door because the food and all the merchandise.
[00:05:53] Vance Lowe: Comes in through the back, through the warehouse or where everything else inventoried comes in, put out on the [00:06:00] shelves, sold at the registers, and then walks out the front door. It’s when that system is circumvented that there is a problem. So Seth, let’s talk a minute about who should shop at our grocery store.
[00:06:14] Seth Hicks Esq.: Well, we should shop at our own grocery store. All of our family members should shop at our own grocery store. If we have created a good business based on its location, its presentation, low prices, and good value so that we’re competitive in the market and we make it easier to get to all of the people that live in proximity.
[00:06:35] Seth Hicks Esq.: It begs the first fundamental question of how do you treat your own? Inventory. If I’m the grocery store owner or you’re the grocery store owner and our wife comes, you know, to the grocery store, she comes through the back door because you own it. And she comes in and she starts to load up the grocery store basket with all the food that she needs.
[00:06:55] Seth Hicks Esq.: And this is the question that we ask folks. So should she go back out the back [00:07:00] door and load up the truck? Or should you go to the front register and pay for the groceries just like everybody else, retail price, and then load up the truck. And it’s an answer that people typically get wrong, and it’s not intuitive necessarily because of what you said in your opening remarks is it’s your business.
[00:07:20] Seth Hicks Esq.: Why should you pay full price? It also, it made me think of someone who may be the richest person in the world, Elon Musk, and who owns Tesla. I’ve heard of it said of him that he pays for his own cars. If he drives a Tesla full retail or if a family member has a Tesla, they pay full retail price. There are no discounts.
[00:07:43] Seth Hicks Esq.: He doesn’t give Teslas away. It’s a full price. Payment and I thought if I wasn’t a private banking strategist and didn’t understand these concepts, I would think that’s strange. What does it cost him to drive a Tesla without paying for it? What does it cost him to give [00:08:00] his kids Teslas and his friends or family?
[00:08:02] Seth Hicks Esq.: Teslas doesn’t make any sense. Is he that greedy? He’s worked like $300 billion. What’s a Tesla cost to him? So that’s a great question that people often get wrong, but there’s a key secret in what we see Elon Musk supposedly doing. What’s that secret? Well,
[00:08:18] Vance Lowe: Seth, I believe in the same thing. The owners are free to do whatever they want.
[00:08:23] Vance Lowe: You mentioned earlier, strategic location for a retail shop is critical the way it looks, you never can get a first appearance over again. So you’ve hit upon the absolute key point of businesses being successful or not.
[00:08:42] 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?
[00:08:52] Midroll: Do you feel you should be making more progress toward your financial goals? Do you feel stuck? Let us help you get [00:09:00] unstuck. Are you ready to take action and get your own private bank? Please visit us at www.privatebankingstrategies.com.
[00:09:13] Vance Lowe: Everyone should understand the purpose and the value of a grocery store.
[00:09:18] Vance Lowe: So in Nelson’s book, he says To tell all family related members in your extended family that are local, they need to understand that they’re gonna pay full retail price. They don’t even get to use coupon. Now that sounds pretty restrictive, doesn’t it? In order for me and you to actually answer which road do we go down?
[00:09:43] Vance Lowe: There’s another question to be asked, Seth, what about theft in a grocery store? The impact of even a can of PEA being stole? What is that impact? What does it take to recover from that? The bottom line is what is affected [00:10:00] Folks, the reason we’re saying this, I want to go back to our private banking. Every single penny counts in banking, right?
[00:10:08] Vance Lowe: They do not even let dollars sit in their bank overnight. It’s critical that money always flows. There’s no value in money unless it’s in motion, unless it’s being traded. So the answer to that store question is whether we take the food. Or the merchandise out of the front through the cash register or the back is the difference between success and failure.
[00:10:33] Vance Lowe: And here is why. If we were to take it out the back, then we force all of our customers to subsidize that loss of merchandise that should have gone through the cash register. We force people to have to make that difference up. So our prices have to be up a little bit, or in other words, we will never, ever see the amount of profit we could have seen in the [00:11:00] store before.
[00:11:00] Vance Lowe: You know, it ends aren’t being met, the money’s not coming in. And one of the statistics, Seth, of successful business of 10 business startups, how many of those are in existence? Five years and 10 years?
[00:11:13] Seth Hicks Esq.: The majority are not. The majority fell correct. Is that right? Yeah.
[00:11:16] Vance Lowe: With 10 startups. And it’s still true today, and it’s been true my whole career.
[00:11:21] Vance Lowe: And people don’t understand this because they think they know. They think they’ve got it right. But here’s the problem we’re trying to solve to make sure it’s successful. Five businesses are gone in the first five years, okay? And the main culprit is theft. Unprepared financially, what the initial commitment might be, but they’re not as profitable as they should be.
[00:11:45] Vance Lowe: Just stealing one item forces so much more that the other clients have to subsidize
[00:11:52] Seth Hicks Esq.: just to drive home the point, the question was, do you and your family take your groceries out the back door or do you pay full retail [00:12:00] at the. Front register and the the answer is you pay full retail at the front register.
[00:12:05] Seth Hicks Esq.: And the reason is, is there’s a small margin on the product inventory. If you steal the piece, so to speak, out the back door, you’ve gotta sell numerous, numerous volumes of that can of pea just to make up for the one loss. And that’s why theft is such a important problem. It’s the same thing. With private banking strategies and being your own private banker, if you use the assets in your bank and go out the back door and don’t replace them and don’t have them purposed for the right targets, then you will ultimately fail.
[00:12:41] Seth Hicks Esq.: Is that a good connection?
[00:12:43] Vance Lowe: It is. I don’t understand why people are so adverse to paying full price, Seth, if it’s full price, that means the owner’s gonna make the maximum amount of profit, right? Why do they think in their mind then it’s gonna cost them more? It will cost them [00:13:00] less because who’s gonna end up with that money?
[00:13:02] Vance Lowe: So there’s a lot to learn in just this little grocery store story folks. We’re gonna get into that can of peas and we’re gonna analyze why that’s here next time.
[00:13:12] Seth Hicks Esq.: These type of issues really are light bulb moments for people, and when someone gets it and they implement the concepts and the strategies, it makes all the difference.
[00:13:23] Seth Hicks Esq.: And folks, we told you, if you stick. Through to the end, we’re gonna drop another nugget. Vance and I have written a book called What the Banks Don’t Want You to Know, and that book drops numerous nuggets and we like to call it a red pill book because it’s like Neo in the Matrix who takes the red pill and his whole reality is altered and he understands.
[00:13:43] Seth Hicks Esq.: A different dimension. Well, it’s the same thing. There’s all sorts of things going on in culture and finances that people have been conditioned and programmed to believe or right, which aren’t. And Vance and I put our finger on some of those issues, including the power of compounding interest and how to utilize.
[00:13:59] Seth Hicks Esq.: [00:14:00] That. And we also shine the light on various government controls and banking brainwashing that has infected American thought and culture that are absolutely not in your best interest. And so we share tools and ways to be able to take the banking equation back in your own life and implement private banking strategies.
[00:14:21] Seth Hicks Esq.: And you can find that book on our website@privatebankingstrategies.com. It’s private banking strategies.com and there’ll be a popup there where you can put your name and email in and exchange for your email. We’ll drop that book for you and it, it comes in a PDF or an audio file if you wanna listen to it on the go.
[00:14:40] Seth Hicks Esq.: And more importantly, those emails that we will send you will be of our upcoming podcast, and they’ll provide a link that if the content resonates with you. Book resonates with you and you’re like, I, I want to dig deeper into this. I want to start implementing private banking. You can schedule an exploratory call with Vance, and the link to his calendar [00:15:00] is in those emails, so it’s important that you receive the emails and in the exploratory call, he’ll start to work through the process, and ultimately there’ll be.
[00:15:08] Seth Hicks Esq.: Consecutive calls that end with an eight year roadmap where you actually take the strategies on a test drive, you plug in your own financial numbers and your own economics for your personal family and determine how it will work for you. How private banking strategies will work for you in a wealth increase and a wealth preservation over an eight year plan.
[00:15:30] Seth Hicks Esq.: And it’s actually an eight year roadmap. You create Vance that shows people step by step what debt to pay and how to pay what and in what proportions to maximize and increase their wealth. It’s a brilliant tool and we offer that all to you for free. Folks, there’s no cost to you. We provide that completely free and just excited to do it for folks.
[00:15:52] Seth Hicks Esq.: Vance, what? What would you add to that? I just think
[00:15:55] Vance Lowe: people should find out we’re all on a road of education and [00:16:00] experience in life, and this is one that was purposefully left out of our education is how money works, how money grows, how you use it correctly, and not waste it. So go down this road, find out if it’s for you.
[00:16:15] Vance Lowe: The test drive will let you know right up front whether it’s gonna better your life or not.
[00:16:20] Seth Hicks Esq.: Well, folks, we’re glad you joined us. We hope you come back for the next episode where we’re gonna dig in deeper. Thanks so much and we look forward to seeing you again. Bye-bye.
[00:16:30] Outro: Did that story feel like it was about you?
[00:16:34] Outro: 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.
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