[00:00:00] Intro: Welcome to Private Banking Strategies Podcast with Vance Lowe 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.
[00:00:38] Seth Hicks Esq.: Hello and welcome to Private Banking Strategies Podcast, with Vance Lowe and Seth Hicks
[00:00:43] Seth Hicks Esq.: Vance. How are you?
[00:00:44] Vance Lowe: I’m doing great. What do you got for us today, Seth?
[00:00:47] Seth Hicks Esq.: We’re gonna discuss the applications of private banking strategies across generations. Apply various stages of life within private banking strategies in the family [00:01:00] bank and discuss pros, benefits and cons and various aspects that. People at various stages of life are dealing with.
[00:01:07] Seth Hicks Esq.: The first one we’re gonna talk about is in early adulthood, let’s say 20 to 35 years of age. What are some of the context that private banking strategies applies for the 20 to 30 5-year-old when they’re building?
[00:01:21] Vance Lowe: I think the reason we’re coming up with this first age group, starting about 20. They’re in college or they’re about to go out, they’re about to get into their profession.
[00:01:32] Vance Lowe: And what I think has to happen, or an opportunity for that is what is available to ’em at that time? Could they start their own little company coming up? Could they take higher education of where they specialize in something? What is available? So in the context of what we’re trying to do here is did we do any type of banking strategy on this age group when they were newborns, did we put a [00:02:00] policy on them?
[00:02:00] Vance Lowe: Have we got 20 years of saved up premium cash value, whatever for that age group? So I think that’s the early adulthood for that. Other things to consider is. Doing life choices right now. Maybe even marriage is coming up, maybe even family planning, anything like that is gonna come into here. So there’s gonna be a lot of challenges, Seth, so I think maybe we should identify those.
[00:02:26] Seth Hicks Esq.: Sure. Yeah. And I think you hit on something that was important to clarify. If a family already has. The hundred year family banking plan in place, and the matriarch and the patriarch, mother and father have placed policies on children. By the time that those children are 20 or 35, their access to dry powder and capital cash value in the life insurance contracts, it’s gonna be far different than someone who.
[00:02:53] Seth Hicks Esq.: Is starting their banking at 20 or 35 and we covered the child type of policies that [00:03:00] grow until early adulthood in the Rivera case study and in some prior podcasts. So go back folks and listen to those. And today we’ll focus on someone in early adult that is just starting when they’re 20 years old.
[00:03:13] Seth Hicks Esq.: And so some of the financial challenges for early adulthood, I would say may be they don’t have a lot of money. They’ve got limited savings. They may be in student debt from college, or their first jobs may be volatile. It may not be where they’re gonna land or their highest earning capacity. They may not have any financial literacy.
[00:03:34] Seth Hicks Esq.: They may come from a family where their mother and father spend all their money. So those are challenges.
[00:03:39] Vance Lowe: Yeah, those are challenges we have to face them. Sometimes I like to envision an opportunity for these young people to get out on a road for success. I call it the highway of success, and as long as they’re on that highway and they’re moving down, there may be potholes, curves, road obstructions, or whatever [00:04:00] else.
[00:04:00] Vance Lowe: As long as they stay on that road, they’re gonna get down that road. It’s when life happens, a limitation happens. A challenge happens that knocks ’em off that road. Now they can’t go forward, can’t do their dreams unless they can steer themselves back up on the success highway and move forward. So we can put ourselves in this driver’s seat and look at these young kids if we’re older, see kinda where we’re at and what our challenges are.
[00:04:27] Vance Lowe: So the limited savings, the limited amount. Of literacy or cash coming in. We’re just starting out. There are definitely principles, money principles that need to be enacted in these scenarios so that we don’t waste our time. Our problem is when we get 35, we may be making more money, but we havet improved our outlook.
[00:04:49] Vance Lowe: We don’t have assets working for us yet, so we’ve gotta conquer these things. We’ve gotta identify them, we’ve gotta have a roadmap. Take it all [00:05:00] through these financial challenges to start up, because if you can do that in our book that South of Manchin, we talk about doubling assets every so often. If we can start and have a foundation at that time and literally start our doubling, look how much time the rest of our life we have, and it doesn’t matter how low we start, we’re gonna have great success if we discover and we practice and get through these challenges right here.
[00:05:26] Seth Hicks Esq.: One of the key examples we’ve discussed extensively, uh, in prior podcasts is one retitled twin sisters. The twin sisters were Nelson Nash’s nieces who implemented small policies. One did and one didn’t. One of the twin sisters used. Infinite banking concepts and one used a cd and their wealth positions were completely different at the end of their lives.
[00:05:52] Seth Hicks Esq.: It’s a real life example showing how it will work even with small amounts.
[00:05:58] Vance Lowe: Oh, yeah. These small amounts. If [00:06:00] they’re put on this younger generation. Well, let me give you a a personal example. On my oldest grandchild, when I put a policy on him, the premium was $5,000, and by the time he reached his age 25, there was.
[00:06:13] Vance Lowe: Almost $60,000 in this account for him to be able to use just there as a start, it had been a lot more than that had I started it when he was one. It didn’t go up equally. It goes up exponentially. So another 10 years, it’d be well over a hundred thousand dollars, especially if we use it and multiply it and pay ourselves back.
[00:06:34] Vance Lowe: So yeah, you’re right there.
[00:06:36] Seth Hicks Esq.: That’s one of the common objections you’ll hear from a younger person in their twenties is what is. $5,000 gonna do. When they ask that question, they don’t understand compounding interest. They don’t understand not being taxed on that money, that it grows and compounds tax free.
[00:06:54] Seth Hicks Esq.: Generally, younger people make the mistake of chasing bright shiny balls. [00:07:00] Instead of implementing consistent discipline, one of the stories we like to tell is the hare and the tortoise. The hare is very capable, has all of the talent can jump and hop, but thinks they know the turtle doesn’t have any of that talent, but just follows the discipline of putting one little foot in front of the other till he gets to the finish line and he wins the race.
[00:07:22] Seth Hicks Esq.: That’s the same thing that happens in a wealth race.
[00:07:25] Vance Lowe: We’re all limited to. Our own, uh, world experiences and our imagination. I remember Nelson telling me, he says, you’ve got to release your imagination. Lemme give you an example. A young person in this age group, they can figure out $5,000 if you’re gonna start this thing and make it meaningful and grow reasonably, well put $5,000 in.
[00:07:47] Vance Lowe: If you save $5,000 a year over the next four years, you’ve put in 20,000 and you’re gonna have some interest. In a banking strategy, as you go over that [00:08:00] four year period of time, you’re gonna four times the amount of premium you put in. If you are purchasing debt and you start the volume of return, you start putting that money to work, you borrow it out, you put it to work, you get payments back.
[00:08:16] Vance Lowe: You take those payments and buy more debt. Over that four year period of time, you’re going to have received back in hand $80,000. Not 20 and some change. Uh, I can personally testify to that ’cause that’s exactly what happened to me in the first four years compared to the policies that I put into force.
[00:08:35] Vance Lowe: I didn’t realize the magnitude of what we’re trying to share with people when they put their money to work, get it back, reuse it over and over again. It doesn’t matter. This $5,000, you start the process. You do it for your kids, you do it. On yourselves
[00:08:51] Seth Hicks Esq.: and some of the benefits. Being able to start the compounding curve now and procrastination is one of the biggest enemies for [00:09:00] folks.
[00:09:00] Seth Hicks Esq.: People always thinking, never doing and, and that’s why if this content resonates, you should get our book, the Advance mentioned. Called Secrets the banks don’t want you to know, and that’s available to you at our website, private banking strategies.com. But more importantly, folks, you’ll have an opportunity to access Vance’s calendar through the exploratory call.
[00:09:21] Seth Hicks Esq.: And that exploratory call is where he will show you how this strategy will. For you in a step-by-step process.
[00:09:30] Vance Lowe: These podcasts are designed to wet our imagination. Can we really do this? Am I stuck in a no win scenario? No, you’re not. America went from a fledgling nation to the most powerful nation on the planet in the first a hundred years using this concept, this type of strategy.
[00:09:50] Vance Lowe: Every family, every home had great value. They got education to where they could survive and be able to benefit from these things. An another [00:10:00] attribute of, uh, this type of strategy, the younger we start, like you said, the money’s going to be there. It’s gonna teach the, uh, child correct money principles if you involve them with earning something, even if it’s a.
[00:10:15] Vance Lowe: An allowance or they get to work around the house for income, but when they need something, they finance it from their, their policy, they pay it back. It’s a good opportunity for education. It’s something that we can borrow and we can work out. Scenarios with the young person that you pay the thing back, then there’s this much opportunity for you to, you know, immediately start financing cars or even a home or whatever else.
[00:10:43] Vance Lowe: It’s a good start because that money is there In a family economy, it’s private and it’s available to put to work. It’s not available to spend.
[00:10:55] Midroll: Did that story feel like it was about you? Do you [00:11:00] 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?
[00:11:10] Midroll: 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.
[00:11:26] Seth Hicks Esq.: Consumption that has no ROI, no return on the investment. So we start a lot of times with young folks with do you have credit card debt? Do you have high interest loans, auto loans?
[00:11:39] Seth Hicks Esq.: Where is the debt that cost you the most and interest? And how can you capitalize your own bank and then be the banker who effectively buys that credit card debt and then receives payments from you, or buys your auto debt and then receives payments from you. And that’s the best way to do it. And then [00:12:00] that is how people start to get the discipline and the stewardship early.
[00:12:04] Seth Hicks Esq.: Exactly. And it allows them to finance their future.
[00:12:08] Vance Lowe: And that’s the key folks. That’s the opportunity. That’s the road of success that you’re on. We just need to help our youth learn how money really works and not fall prey to what the banks have set up and become slaves to the system. We don’t wanna be slaves to what I call the herd mentality.
[00:12:28] Vance Lowe: We’ve dedicated our to ourselves over the last 10, 20 years, just trying to get information out to peoples. Uh, Seth, you mentioned the twins and then financing cars on our website, we go into detail of experience on what that impact is. How would you like to own a vehicle and have it help you transition later on in life to income from money that.
[00:12:52] Vance Lowe: You have working for you instead of, you know, depleting retirement base or something. So I think that’s the drive [00:13:00] that we have, is to get this information out, get everybody an opportunity. Does that mean that if I’m 60 years old or I’ve missed the boat.
[00:13:08] Seth Hicks Esq.: No, not at all. The compounding curve works best when you start now because that compounding doubles at the end of your life.
[00:13:16] Seth Hicks Esq.: When you’re 60, you may or may not have a 30 year curve of compounding. If you live to be 90, you can still implement these banking principles and bequeath them to your children and grandchildren so that they maintain the financial stewardship and discipline principles that you start. So there is no too late to start.
[00:13:36] Seth Hicks Esq.: It’s just a matter of how you would apply it.
[00:13:39] Vance Lowe: So on this age group, we’re still on the age group, this first starting age group, and the next topic here that we’ve gotta hit is what should the premiums be?
[00:13:48] Seth Hicks Esq.: I think it will, it will depend on a person’s circumstances. If you’re 20 years old in school and got two jobs to put yourself through school, your policy start will be different than [00:14:00] someone who they worked from the time they were 14 to 20 and they built up.
[00:14:04] Seth Hicks Esq.: Savings of $50,000. Those two places you may start differently, but I would say the minimum would probably be 5,000 for that early side start. But that doesn’t mean that’s the right place for the other person that I described.
[00:14:18] Vance Lowe: Folks in this age group, 10, $25,000 annual premiums. I want to clarify that. It is capitalization instead of a cost.
[00:14:27] Vance Lowe: We’re capitalizing. We’re a strategy. We’re investing in a strategy. We’re starting to put money to work on a regular basis, and so we’re moving money into this thing. Does this have to come out of pocket? We show people how to set up a system and use money that they’re giving away to fund the premiums so that after year one.
[00:14:47] Vance Lowe: No more money comes out of pocket, period. Nelson asked this, this is where I’m, I’m trying to get to. It scared me to death. I, I did my first meeting with high-end clients, had 72 clients in a, an office, and he [00:15:00] taught his book over a two day period of time. And one of my clients asked, well, how much premium should I put into this thing?
[00:15:06] Vance Lowe: I love this, uh, Nelson Nestle. I can answer that if you’ll answer a question for me. He said, how much do you make annually? And the guy looks at him into a room full of people. He doesn’t want to say his annual income. He says, no. I’m trying to figure out how much premium he says, I’m trying to tell you, you wanna put as much as you’re making into your own bank instead of someone else’s, because right now you’re putting a hundred percent in someone else’s bank, right?
[00:15:29] Vance Lowe: Yeah. Get there as fast as you can. Just start where you’re comfortable. And get there as fast as you can. And that’s what we’ve all done. All of our successful clients, we started low, maybe wished we would’ve started a little bit higher, but that’s just a learning factor. It doesn’t matter. You start and you move money that you can under a plan and under a strategy so that you know where it’s coming from, what it’s gonna be doing month by month.
[00:15:55] Seth Hicks Esq.: And that’s what the eight year analysis does for you folks. You can take a test [00:16:00] drive with Vance and his calendar’s available to you when you sign up on our website and get the book, and so that opportunity is made available to everyone. Who resonates with this content? So check our website out, folks@privatebankingstrategies.com.
[00:16:17] Seth Hicks Esq.: If you like this content and subscribe. We have a, a small niche and people that have access to us are few, and so I think we think you should take advantage of that at this time. We’re not trying to reach the masses, we’re trying to help red-blooded folks and normal Americans take back the banking equation in their life and secure their family’s futures.
[00:16:38] Seth Hicks Esq.: Advance. Any closing remarks?
[00:16:40] Vance Lowe: No, we’ve got a lot to talk about folks, so I hope this has intrigued you a little bit. We want you to stay tuned ’cause we’ve got a lot more coming your way. Thank you very much.
[00:16:51] Seth Hicks Esq.: Thanks for joining us folks. Hope to see you on the next one.
[00:16:53] Outro: Did that story feel like it was about you?
[00:16:57] Outro: Do you feel you should be making more [00:17:00] 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.
[00:17:17] Outro: Thank you for listening to the Private Banking Strategies Podcast.
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