[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 Podcast, Vance Low, and Seth Hicks Vance.
[00:00:43] Seth Hicks Esq.: How are you?
[00:00:45] Vance Lowe: Oh, I’m doing great. Ready to get going? I think we’ve got a great idea today and a great topic.
[00:00:50] Seth Hicks Esq.: Fantastic. Well looking forward to it as well. Uh, tell our audience what we’re talking about.
[00:00:55] Vance Lowe: We’re gonna be talking about one of the eight money laws, but we have to [00:01:00] live these money laws in order to grow and obtain and keep wealth, and do we decide not to do one of those?
[00:01:07] Vance Lowe: Or if we’re not as good in one of those eight areas, then our wealth accumulation might suffer a little bit. And so we’re gonna start. With the first one. Many of our, our clients and people who follow us have probably heard us talk about this. The very first, one of the eight money laws is called the 10% law.
[00:01:29] Vance Lowe: It’s absolutely crucial that we do it, or another word for that would be mandatory. For us to be successful with money, I think it’s important that we really drill down with what this 10% law means. So Seth, tell me, what does 10% mean to you? What do you think the 10% law means?
[00:01:51] Seth Hicks Esq.: Well, I have a distinct advantage, but a lot of times when people hear a type of money law, they think of tithing in a [00:02:00] biblical context, which has been around for thousands of years.
[00:02:03] Seth Hicks Esq.: Ancient biblical law of putting God first with your finances. And so it’s probably something akin to that, but in a big picture setting, it’s about money management and disciplines and controls that the wealthy. The people who manage money successfully implement.
[00:02:23] Vance Lowe: Yeah, that’s true. I agree with every single word just said there.
[00:02:26] Vance Lowe: This 10% law in the context that we’re taking it today is for improvement, is to become better off than we were before. And it’s paramount like we showed you here, that we adhere to this. Religiously, so to speak, that we do it every single time. So I think if we really push this in, people are going to look and say and or question whether they can maintain it or they can do it.
[00:02:58] Vance Lowe: Let’s talk [00:03:00] about paying yourself first out of your take home. And what the bare minimum should be. The bare minimum should be 10% of that money should go towards this 10% law. So Seth, when, let’s say I bring home $10,000 a month and I’m observing the 10% law, which is the minimum amount is 10% or more if we can, so let’s just talk about the 10% and I pay myself how much.
[00:03:27] Seth Hicks Esq.: A thousand.
[00:03:29] Vance Lowe: So I’m gonna move a thousand dollars from my stack of money and I’m gonna go put it here on the side and I’ve got $9,000 left, right?
[00:03:37] Seth Hicks Esq.: Right.
[00:03:38] Vance Lowe: So I’m gonna pay my bills with the rest of that money. And once I’ve got all my living expenses done, what would be the objective of me paying myself that 10%?
[00:03:50] Vance Lowe: What do I wanna do with it?
[00:03:52] Seth Hicks Esq.: You want to keep control of all the money that comes into your hands, and you wanna create a banking system [00:04:00] that maximizes the use of that money.
[00:04:03] Vance Lowe: Okay. And in simple terms, let’s just say we’ve got a thousand dollars that we wanna put to work. We don’t wanna hide it under the bed, and we don’t wanna put it to sleep because folks, if we do that every single day, that value decreases due to either taxes and especially inflation.
[00:04:21] Vance Lowe: Inflation will just erode the money that we hide or we put to sleep. And it’s shocking that so many people feel like, well, I’ve got all these assets, well they’re working for me. I’ve got mutual funds and I’ve got 4 0 1 Ks and stock portfolios, Seth, are those accounts working for the people who have set up those accounts or are they working for the people who have the money?
[00:04:46] Seth Hicks Esq.: Well, that’s a great question, and I think it depends upon what type of account you’re talking about. But with everything that you mentioned, equities and brokerage accounts, 4 0 1 Ks, government sponsored programs, you [00:05:00] don’t have liquidity, you don’t have control, and you’re subject to overwhelming fees over the life of the entire management.
[00:05:08] Vance Lowe: Let’s just talk about mutual funds, okay? We are told, put your money to work, take your excess money, go put it to work. And so they’re maxing out on their 401k and they still have excess money, so they wanna put it to work, and so they set up a brokerage account and the broker invested in mutual funds.
[00:05:27] Vance Lowe: What I’m here to tell people today, what the word we want to get out is you just put your money to sleep. Because you no longer have the money. As soon as the mutual fund managers get the money, they’re gonna put it to work, but they’re gonna put it to work for them and they’re gonna double those accounts on the average of every two and a half to five years.
[00:05:50] Vance Lowe: And the investor, which was the person who came up with the money. He has to leave that money in that account. He can’t touch it. It has to stay there, period. [00:06:00] Okay. For him to try to get an interest rate return or an increased value on that mutual fund. And once the fund managers take all the money they want out of the accounts, they’re only gonna pay the investors what they can get away with.
[00:06:14] Vance Lowe: Okay? Which is an interest rate return on the average. It’s nothing like what they make. It will never be anything like what they make. If you don’t have control, if you don’t put the money to work yourself, you can’t make the lion’s share of the returns, and that’s all part of this education that we’re gonna go through.
[00:06:34] Vance Lowe: I wanna throw this next one up here because this falls in line with what we’re really talking about. It’s all about how we think. I believe through life. We form our own opinions through mentors and experience on what money is. The sad thing is, is that it’s not right. It’s wrong in a sense because all information that we get, all information that our mentors [00:07:00] get come from banks, and banks want our money.
[00:07:03] Vance Lowe: They want us to spend money, so we spend our money. Anyone in the money management profession that shows you how you can accumulate, but you’re still spending money, still doesn’t understand how money works. The banks never spend money and they always get it back and reuse it over and over again. So it’s all about how we think we put stakes in the ground.
[00:07:28] Vance Lowe: And once we like a ball and chain here, you, uh, to our ankle, we don’t go any further. We can’t go any further because we put those stakes in the ground. And so what I’m saying for us to do is to pull up those chains and rethink things. So let’s try this. Because you might argue with us, there should never be a reason we can’t pay ourselves first.
[00:07:52] Vance Lowe: So Seth, tell me a reason that we normally get, uh, why people can’t pay themselves as 10%.
[00:07:59] Seth Hicks Esq.: Well, they [00:08:00] have some extraordinary expenses in a given month, or they have a shortfall and income that doesn’t suffice to meet all of their expenses or their needs for that month. That would be one.
[00:08:12] Vance Lowe: So these are the typical excuses that we hear why we can’t pay the 10%, but I had an unexpected expense.
[00:08:20] Vance Lowe: If I pay myself the 10%, I’m not gonna have enough to pay the bills. So let’s walk through this. I wanna walk through that, Seth, because I do this with every client that we, that comes in and that we train, and so that they can. Rethink things. So let’s say again, let’s lose $10,000 that came in and I put a thousand dollars on the side and I start paying all my bills.
[00:08:43] Vance Lowe: And as I pay my bills, I go through the stack of money and I run out of money, and I look over at the bills, and there’s still one bill left to be paid. It’s due today and it’s for $1,000. What does everybody end up doing? They pay the bill, they go over and they take the thousand bucks and [00:09:00] they pay the bill, and now that thousand bucks is gone and they pass up.
[00:09:04] Vance Lowe: Here’s the most important thing for us to understand as they pass up. Probably one of the most lucrative investment opportunities. They could ever have. See, one of the things we need to realize with money is that we’re stewards over the money. When the money comes into our control, our job is to put it to work and preserve it, put it to work, and get it back and move it just like banks do.
[00:09:27] Vance Lowe: We didn’t used to have banks, and we were taught this in the education system, how to bring money in, use it. Get it back, store it, and repeat over and over again. In this scenario, when we pay ourself the thousand dollars, we have a goal for that money. We wanna put it to work. We also have to understand, even though we’re an owner of a business or something, we still have to be the client.
[00:09:50] Vance Lowe: We don’t get an advantage because we’re the owner. And there’s a famous story called The Grocery Store Story, and everybody should read that. It’s a book called Becoming Your [00:10:00] Own Banker by r Nelson Nash. You can learn a lot from just wondering if you were the store owner, could you take all of your food free?
[00:10:09] Vance Lowe: A lot of people are, I’m amazed. A lot of people say, ah, I could eat like crazy because it would be free for me, or at least I could do it for wholesale. He explains in that story that if one can of pea are stolen out of that store, it takes like 24 cans of peas to replace one that was stolen. When we go into business and we think we can take an advantage, or we can give our family, or we can give our friends a discount, we force all of the clientele to subsidize that theft when in fact, the truth of the matter is if you paid yourself the full retail price, who’s gonna get that profit?
[00:10:46] Vance Lowe: Well, we’re gonna get that profit. So let’s get into this and find out why it could be a great investment.
[00:10:53] Midroll: Did that story feel like it was about you? Do you feel like you are generating a lot of [00:11:00] 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?
[00:11:08] 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.
[00:11:24] Vance Lowe: We have to split ourselves. So if we split ourselves, the best way for me to explain this is you meet your client every morning. When you look in the mirror, that guy in the mirror or that lady, whoever is your client, we think that it’s a reflection of ourself.
[00:11:38] Vance Lowe: No, no, no, no. Those people in the mirror, they live in a contra world. They only exist for two reasons. They want to go to work, bring home an income. So they can support their habit, which is spending money. That’s the only two things they like to do. You me, on the outside, we can see the big picture, and just like the banks taking advantage of [00:12:00] that person in the mirror, we’re gonna take advantage as well.
[00:12:03] Vance Lowe: I’m gonna show you how we’re gonna do that. So it’s the person in the mirror who’s outta money. You have a thousand dollars you wanna put to work. He needs a thousand bucks. Don’t you think the two of you could get together and come up with a loan that you know you could easily repay however you want and fit your budget?
[00:12:22] Vance Lowe: Sure, we can. So on a thousand dollars, we could, gosh, we could have it as low as 10 bucks or a hundred dollars, whatever fits our budget because folks, we just put a thousand dollars to work. Really, we don’t want the thousand dollars back. We want the income off of it. So in this situation, do you want your income high or low?
[00:12:41] Vance Lowe: We could charge 25% interest, we could charge 50% interest and double that investment every two years and still keep the payment where we want. And it doesn’t take many of those opportunities where we have a significant amount of our income producing money back to us. And folks, that’s [00:13:00] the key as we go along in life.
[00:13:02] Vance Lowe: As we raise, families are mature in our businesses and go up the ladder every single month, we have to put money to work because one day we’re gonna have a life transition, and that’s gonna come sooner than, than not. Pretty soon you’re gonna wake up, wait, I’m producing more money than I’m going to work.
[00:13:22] Vance Lowe: So why don’t I quit this job and work more on the things I wanna do? That’s the secret to success. That’s why one of the reasons that we obey the 10% law is in order to do that. So, Seth, give me another maybe opinion or option that people do with that 10% law. Here is a thousand dollars. Where can we put that if it’s not, if the guy in the mayor doesn’t need it?
[00:13:49] Seth Hicks Esq.: I think you put it in your bank and where it compounds and grows annually, four to 7%, where it’s asset protected and financially private, you put it in a place that’s most [00:14:00] advantageous for you, completely liquid. So you can use it if you need to invest, expand business, the permutations of what you can do or endless once it’s in your banking system.
[00:14:10] Vance Lowe: So it’s not in the real banks, in somebody else’s bank in a checking account or savings account. What we talk about in these specially designed permanent life insurance contracts. That contract is what used to form the banking function, the banking equation in the United States before we even had branch banking.
[00:14:31] Vance Lowe: So let’s. Go on to the next point I wanna hit here. Your paycheck is new money coming into your control. It’s your personal economy. No one’s ever heard that, Hey, I’m supposed to be running an economy in my home for profit. What is it and why are we missing that education, Seth? ’cause we’re not taught, no one is taught these principles.
[00:14:58] Vance Lowe: Okay? So it [00:15:00] used to be taught from kindergarten all the way through a master’s degree. It was all about independence. We didn’t have banks, folks. So try to shift your thinking a little bit. If there were no such thing as banks, how could we form or perform some sort of banking equation? How could we borrow, how could we save up money?
[00:15:16] Vance Lowe: Where would we put it? How would we do it? And so all we’re doing folks is bringing back the same strategy that existed in America before the Federal Reserve. So I think that’s important for us to understand and know that as we get new money in, we’ve got to do something with it and we’ve gotta do it for profit.
[00:15:36] Vance Lowe: So there’s just kind of a simple way of doing these things. I’m gonna show us here a little bit. We pay ourself off the top first. We then handle all of our living expenses that we need. ’cause we’re not asking people to change their way of life except live within your means. Okay? You, you want to live on less than you’re actually bringing home.
[00:15:58] Vance Lowe: So then we take the [00:16:00] 10% and the rest of the money that might be left over. We start putting it to work, but it’s inside our economy. Folks, as you learn about these money laws and you learn about private economies, as money moves inside your economy, you do not trigger attachable events. Some of these accounts will double.
[00:16:21] Vance Lowe: Every up to every two and a half years, we’ll say five years, we’ll double that to be on the safe side, but they’re doubling, and we’re doing it all with after tax money. We’re not even triggering a taxable event. So I think that goes to some of the power and some of the reasons the banks and a government didn’t want that educated, making us more dependent on the banks out there so that they can make this profit so that they can use us as, what should I say?
[00:16:50] Vance Lowe: Cattle and sheep.
[00:16:52] Seth Hicks Esq.: Yeah, that’s right. People that can be controlled and do what they want for their best interest. Sheep.
[00:16:58] Vance Lowe: So true. Well, [00:17:00] let’s just do a little bit of math here and we can kind of end with some very powerful thinking. So I’m gonna pull this slide up and I want us to maybe take a look and see what we’re gonna do here.
[00:17:11] Vance Lowe: So I’ve been using this $10,000 and we’re paying ourself 10%, which is a thousand dollars. Our clients normally make 2% per month on just their flow of money, so we’re gonna add 2% interest on that, a thousand dollars by the end of the month one, so that’s $1,020. Okay? If we break that down and we divide that by 30, that’s 34 bucks a day.
[00:17:38] Vance Lowe: We are better off by $34 per day. Just hearing that guys, you need to understand that’s huge because more than 85% of all Americans are not better off by even 5 cents a day. We have another strategy out there that if you just flow your money to get it back, we [00:18:00] teach people how to get back a hundred percent of their monthly expenses every single month.
[00:18:04] Vance Lowe: And it’s easy. It doesn’t take much time at all to convert you from spending money to using money. So just that strategy alone makes you better off by four bucks a day. Just think of all these other laws. So let’s keep going here. Can we keep it up? And if we can. What are the results? The end of the first year, that’s $13,520.
[00:18:26] Vance Lowe: I’m downplaying these numbers. I’m taking, I’m going a little bit less. Okay. So we didn’t really do anything except we have this working for us Now. If we kept it up for five years, it’s not five times, just 13,000. It’ll go at least over 114 if we did it for 10 years. That’s over $450,000. And if we were able to keep this going in our family and in our private lives running our economy, I put 4,000,100, but my math came up to over $5 [00:19:00] million.
[00:19:00] Vance Lowe: That’s what this is worth to us, folks. This is what it means. You don’t have to change your lifestyle. You don’t have to invest in risky things. You just have to put your money to work with people in the mirror, and if you trust the people in the mirror to make their payments back, that’s the only risk I take when you store your money.
[00:19:18] Vance Lowe: I think this month or this year, Seth, it’s going to be at least 9% people will be making on these banking contracts, three and a half percent. On the guarantee side, five point half percent on the dividend side or the profit side, that equals 9%. That’s something that a lot of our clients are really enjoying in these contracts at.
[00:19:39] Vance Lowe: Plus the access to money, so the 10% law. I think is something absolutely critical, and it’s part of a series of presentations we wanna do, Seth, on these eight money laws. So I think that’s about as deep a dive as we can get today. Let me just get your thoughts on it and you can kind of help wrap it up for us.
[00:19:59] Seth Hicks Esq.: [00:20:00] We’re talking about taking a thousand dollars off the top and then adding 2% to that to come up with the. 13,520 a year. Right,
[00:20:10] Vance Lowe: right.
[00:20:11] Seth Hicks Esq.: And then, so we’re continually increasing and expanding our banking storehouse, and at the end of 20 years, you’re gonna have over 4 million. And that’s a conservative estimate of money that you would’ve otherwise lost and just spent.
[00:20:27] Vance Lowe: And that’s only Seth at the growth rate is what all of our clients do is about a 24% minimum growth rate on their money annually.
[00:20:36] Seth Hicks Esq.: It’s quite an amazing concept to just simply understand that really all we’re doing is changing who gets paid first and what you do with the flow of payments.
[00:20:48] Vance Lowe: Yeah, it is.
[00:20:50] Vance Lowe: I’m enthralled with how money works. I’m disgusted and I’m upset with what our banking world and government has done to us to get us in the condition we [00:21:00] are today. All of us could enjoy the wealth of our labors and not feel like we’re being robbed or put upon. And our society’s full of corrupt laws now.
[00:21:10] Vance Lowe: Do you have a definition of corrupt laws, Seth?
[00:21:14] Seth Hicks Esq.: No. I mean, I guess self-serving, overreaching government control might sum it up.
[00:21:20] Vance Lowe: I would say a corrupt law is when, uh, a law is put in force that takes something from one person and gives it to another. That’s corruption in my port. And that new person didn’t earn it.
[00:21:32] Vance Lowe: Didn’t deserve it. Mm-hmm. Okay. So I can see some things for the betterment of a community, but when forced upon to take hard earnings and give it to other people because of the law. That’s theft. That’s corruption.
[00:21:46] Seth Hicks Esq.: Well, that’s awesome. It’s a great topic. I mean, we’re barely scratching the surface. We’ve got eight money laws to educate folks on.
[00:21:53] Seth Hicks Esq.: That’s just a surface. Look at the first money law folks. If you like this content and you wanna learn more, [00:22:00] you can find a ton of resources at. Private banking strategies.com and when you hit that website, you’re gonna be offered a book called Secrets that Banks Don’t Want You to Know And With Their Wealth Secrets.
[00:22:14] Seth Hicks Esq.: It’s a book that Vance and I authored. We’ve made it available to you on audio download. Or PDF simply by putting in your name and email and we invite you to read that book. You’re gonna discover a number of what I call red pill topics that, that some people don’t, don’t realize about our banking and our about our monetary policy.
[00:22:35] Seth Hicks Esq.: If that book and this podcast and the other resources resonate with you. If you’re gonna have an opportunity to schedule a call with Vance through the emails that we’ll send you announcing podcasts and other valuable content, that exploratory call could change your financial wherewithal and your children’s financial wherewithal.
[00:22:55] Seth Hicks Esq.: We really believe that the private banking strategy system is the only [00:23:00] way to take control of your own finances and obtain financial freedom. Get out of the rat race that has been imposed on people. We invite you to take this journey with us. We’re excited about what we’re teaching folks, and have just hundreds of success stories and want you to be along with us.
[00:23:20] Seth Hicks Esq.: Vance, any closing comments?
[00:23:21] Vance Lowe: No, I think you said it really well. This is a, a life changing event. It was for me when I first discovered it, and I had been in money management for more than 35 years and it was a life changing event for me. So do yourself a favor. Find out all you can, and either you want it or rule it outta your life, either one, okay?
[00:23:41] Vance Lowe: And that’s what the exploratory call’s gonna do. And we’re gonna set it up so you can see it in action with your own numbers and decide whether you want in or around.
[00:23:51] Seth Hicks Esq.: Well, fantastic. Well thanks folks for joining us. We look forward to seeing you on the next podcast and until then, be safe and take care.
[00:23:59] Seth Hicks Esq.: Alright, take [00:24:00] care guys. Bye-Bye.
[00:24:01] 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.
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