[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.
[00:00:39] Eric (Host): Hello and welcome to Private Banking Strategies with Fans Low and.
[00:00:42] Eric (Host): Seth Hicks, if you’re just tuning in, these gentlemen have already released podcasts. They are really in depth meat and potatoes, the things that they do with the private banking strategy. It’s definitely worth the, listen. There are some complications to this process because that’s what these guys specialize in.
[00:00:56] Eric (Host): I mean, let, let’s face it, they are. Powerhouses in this [00:01:00] area. And so now moving forward, what we’re gonna do is Vance and Seth are going to share a story, a real life client story that you’ll probably find yourself in. A lot of the things that you’re gonna hear on these podcasts, you’re gonna say, Hey, I relate to that.
[00:01:13] Eric (Host): That’s something that sounds like me or my situation. So we’re gonna start this off with kind of the story of where somebody was, how the different steps that they put in place relate to the pillars that they have. And they have seven pillars, and those are explained in some of the previous podcasts.
[00:01:25] Eric (Host): But this is gonna be fantastic. You’re gonna learn a lot. Really think about the story that you’re hearing and realize that you’re probably part of this. Vance and Seth, good afternoon. How are you? Good afternoon. It’s a pleasure to be here, Seth, thank you for being here. I’m so glad that you’re gonna be piggybacking off of what Vance tells us this story.
[00:01:40] Eric (Host): And you’re gonna really break this down for us in bite-size pieces. Vance, what story are we gonna talk about today?
[00:01:46] Vance Lowe: Well, we’re gonna jump in with both feet and talk about a typical family who’s self-employed professional, who fell on hard times. I’ve gotten permission from the client to narrate his story a little bit so [00:02:00] that we too, if we find ourselves or a loved one in some of these same situations, we’ll be able to relate.
[00:02:07] Vance Lowe: This man was a chiropractor, so we’re gonna call him a Mr. Chiro. Circumstances evolved to a point where a couple made an appointment with me. They drove up from Houston, five hours to get to my office, and they came in and introduced themselves and they looked like they were worn out and they told their story and my heart went out to ’em.
[00:02:30] Vance Lowe: And I guess it was because they were full of tears many, many times. Evidently this, uh, client, Mr. Cairo was misdiagnosed with Lyme’s disease. And in this type of profession, you cannot practice with that on your record. He was misdiagnosed for two solid years before they found out their mistake. So think of the spiral that happened to this couple.
[00:02:54] Vance Lowe: They were in their office. They were on their last. Effort before they were going to file [00:03:00] bankruptcy, they had gone through all of their assets, all of their monies, and some miracle they said they had heard about our practice and that what Vance and Seth tells you, you can rely on, they’re gonna tell you the truth.
[00:03:15] Vance Lowe: So they were hoping that that was true. They wanted to hear what we had to say. And when I asked them a question, one of the first questions I said, well, what is it that you want? For me, what can I help you with? So they told me they were getting ready to file bankruptcy. They were back employed and they were making a little bit of a profit.
[00:03:35] Vance Lowe: But combined with the monthly payments and the profit, they could never see themselves clear of the heavy debt that they accumulated. Hmm. So I wanna just jump into the debt a little bit so you understand. Right. At 450 to $500,000 of excess debt. Wow. This was second mortgages along with mortgages, loans, all kinds of loans from [00:04:00] different banks to help them out.
[00:04:01] Vance Lowe: During this period of time, they had tapped every resource they knew and had borrowed right to the limits. It was back to work, but they couldn’t see themselves out and they didn’t want to be strapped for the rest of their lives. Under this mountain of debt, the average interest rate was over 16%. As we progressed, I asked them, what’s the first thing you want to do?
[00:04:25] Vance Lowe: And mom in this case was there. She just broke down in tears and says, do I have to take my two sons out of university? They were attending Michigan University at the time, and there was no money to continue to pay tuitions. So we proceeded, we looked at all of the debt. I asked him, I said, is there any additional resource?
[00:04:45] Vance Lowe: And when you look online or. At the numbers we come up with approximately just a little bit over $30,000, a little bit into savings that they swore they would never touch. Some stocks [00:05:00] owned by parents that was willed to them. A little mutual fund, a little bit here, a little bit there. They had a Roth IRA.
[00:05:06] Vance Lowe: They didn’t want to touch that because I might have to pay penalties, but they had about $33,000. But how far is that gonna go against a mountain of debt of mm-hmm. Almost a half a million dollars at 16%. The other thing I found out was this folks, is that he said, now that I’m back to work, I can afford the money I make off of two patient visits per day towards this system that I’ve heard about.
[00:05:33] Vance Lowe: Mm-hmm. To see if it will help me get outta debt. And to tell you what that is, folks that equated to $20,000 annually. So if you times that by the number of weeks, days that he worked per week and and weeks he worked per year came out right at $20,000. So I told them in that scenario, I need to go to work.
[00:05:52] Vance Lowe: I need to put the power of banking to work for you and show you how soon you’re gonna get outta debt. And I asked them [00:06:00] and reiterated, you think it’s gonna take a lifetime to get out of vet? And they said, yes. We can’t see our way clear. And I said, well, if I can get you out before that. Can we celebrate?
[00:06:08] Vance Lowe: What can we do with, uh, the extra money? And they assured me that they could put it to work. We built a plan together. We introduced a strategy that the banks use every day. We’ll all agree that the banks always get the money back, right? They lend it out. It always comes back. Or at least, and Seth will back me up here.
[00:06:29] Vance Lowe: I miss the day that they give out free money. Banks don’t give out free money. They always get the money back. So when you and I do our thing during a month, when do we get the money that we spend back? Well, we don’t, and that’s because we’re not following the same strategy that the banks do. So the simple equation is we’re gonna put the bank strategy in this client’s life and we’re gonna show them how to get money back on their payments and use that money over to [00:07:00] compound the payments.
[00:07:01] Vance Lowe: Down so that they can get outta debt one at a time. We usually start a strategy close to the smallest owed debt and then work towards the largest. So all along this time, we’re not gonna require the client, Mr. Cairo, to work any differently. He’s not gonna have to work harder. He’s not even gonna have to change his cash flow.
[00:07:24] Vance Lowe: What we’re gonna change is who ends up with the money. So at the end of the day when everything is done, every one of us have heard in our lifetime never spend principle. What does principle you ask When you go to work, you earn a new income. That is all principle. Well, the oxymoron is, or the dilemma, and the conflict is, well wait a minute, we have to survive.
[00:07:47] Vance Lowe: We have to pay our way through. We have to pay for our expenses of course. And naturally we have to spend our principle. And Nelson Nash. Put it this way, folks. It’s not so much what we don’t know about money that’s hurting us. [00:08:00] It’s all about what we think we know about money that’s incorrect. That is a fallacy.
[00:08:05] Vance Lowe: Having to spend principle monthly is incorrect. It’s 180 degrees opposite. How do the banks get the money out? How do they get it back? Well, everybody knows where to go and get money. You go to the banks and if you don’t need it, you can have all you want. If you need money, then they’re gonna make you go through the ringer and probably give you as little as they need to.
[00:08:26] Vance Lowe: But the banks have the money. Do they give it away? No, they lend it folks. They lend the money. The system that was taken out of America from the control of our education system back in the early fifties through the seventies eradicated this strategy out of the average American’s lives. Before banking, we still did banking only.
[00:08:48] Vance Lowe: We used a different concept. We used a different strategy. That strategy has never been lost. The banks use it on all of their own personal, safe money. Exactly the same way we lay it out for clients, but it’s [00:09:00] something that works. Every one of us will agree that the banking industry is the most successful industry in the history of the world about accumulating growth and assets and money the way they manipulate it.
[00:09:13] Vance Lowe: I hope everybody’s learned. The first principle, the first thing we have to do is lend money. If we do not lend money, that money has to be worthless to us. We have to agree upon that because we have agreed that we’re gonna pay for this and we don’t want it back. We’re willing to sacrifice our time, our effort, and our talent to have to start over again and go earn a new dollar.
[00:09:36] Vance Lowe: If we lend that money to pay that item, then we’re gonna want it back. Right. So we need to explore now how this process is set up, how it works, and what we do for these clients. Incidentally, I want to tell you the back end of this client story as we delve into it. This may take us a couple of times here on different podcasts and to [00:10:00] introduce concepts and principles.
[00:10:01] Vance Lowe: ’cause if you put an elephant in the room or on the plate. You can’t eat it all in one setting. Mm-hmm. So this concept of being able to set up a system, putting the bank equation back in our lives and being able to lend the money for what we need, you know, the Donald Trumps and the Warren Buffets, they do not spend principle.
[00:10:20] Vance Lowe: They go to the banks and say, Hey, my budget just to survive and pay all my bills is gonna be. $250,000. I want you to lend it to me and the banks do it. How much do you want? Okay, great. They never spend principle. They know how to talk the language. We have to get to some point where we value the money, we put it to work and we get it back.
[00:10:42] Vance Lowe: So we start a lending process. So I think at this point we’ve dissected, uh, what we do all the time. There might be some individual questions you have on this, but we now want to explore what we put into place. Maybe line item by line item. How were we able to buy the first [00:11:00] debt? Notice I didn’t say pay off.
[00:11:01] Vance Lowe: Mm-hmm. I said buy. That’s the layout here. This is on everyday strategy. I hope you were able to maybe see yourself or a loved one that might be faced with something like this, A mountain of debt where they can never see themselves clear.
[00:11:14] Eric (Host): Yeah, I, I, I think that anybody listening to this can definitely pick out some key points in there and say, you know what?
[00:11:19] Eric (Host): That, that’s kind of my situation, or I’ve been close to that situation, or, wow, I wanna hear how this one resolves. So when we come back, it’s gonna be Seth really breaking this down and talking about what strategies are being used and, and how they’re being incorporated into this plan. So you’re gonna wanna stick around for that.
[00:11:34] 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? 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?
[00:11:57] Midroll: Please visit us at [00:12:00] www private banking strategies.
[00:12:05] Eric (Host): I, I am so glad you’re still with us. I wanna let you know that as Seth goes through this, and the story that Vance told is, is very true and it’s something that happened to one of their clients. And all these podcasts are gonna be involving stories of, of success from their clients.
[00:12:18] Eric (Host): So it’s gonna be something you’re gonna want to definitely subscribe to and listen to. But they’ve got a Loom video that they’re gonna provide for you so you can see the numbers, you can see everything happening on the screen. That’s something that’s extra that they’re gonna give to you. And at the end of the podcast, they’re gonna tell you how to get.
[00:12:31] Eric (Host): To that resource and receive that for absolutely free. So please stick around for that. Seth, you’re up to bat, my friend. Let’s break this down a little bit. Talk to me about this story.
[00:12:40] Seth Hicks Esq.: Thanks, Eric. Well, what sticks out to me about this family is the pain that they were experiencing from the fear of being wiped out financially.
[00:12:49] Seth Hicks Esq.: Here’s this chiropractor that was misdiagnosed and basically had his tool belt stripped and couldn’t earn money for his family. After a couple years, they [00:13:00] were so heavily in debt into the hundreds of thousands of dollars. They didn’t see that they could ever get out. It was an expressed form of slavery to financial burden.
[00:13:08] Seth Hicks Esq.: Vance started to lay out for them, was an absolute roadmap, step by step of how to climb out of that hole. And although they didn’t see that they could do that, and they came in with literal tears, doubt, uncertainty, and and unbelief, they decided to take that leap of faith and follow the roadmap. And they are an absolute rockstar because they did that.
[00:13:30] Seth Hicks Esq.: They actually had the fortitude and the courage to follow the advice and follow the plan step by step, and as they did what we call a headwind, that forces drag in your financial prosperity became a tailwind, and it lifted them and accelerated them such that they. Never went backwards again. And that’s one of the pillars, the seven pillars of private banking strategies.
[00:13:53] Seth Hicks Esq.: You’re investing in a discipline and in a strategy, and you’re putting your money in a place that now gives you lift rather [00:14:00] than a headwind. That lift accelerates. And as they began to accelerate year upon year, they became more hopeful, less anxiety ridden. They were on top of their bills. Everybody wants to be with winners.
[00:14:12] Seth Hicks Esq.: Who wants to be with losers? I wanna be with winners. Yeah. Everybody wants to be with winners. They want to be secure, enjoying the life that they create for themselves.
[00:14:22] Eric (Host): Well, Seth, I’ll tell you one of the things that strikes me about this story specifically is that this gentleman was a chiropractor, and we know scientifically it’s been proven when you carry stress, you carry stress.
[00:14:32] Eric (Host): In your body, your joints ache, or your neck aches, or you get headaches because you’ve got this stress. I can’t imagine the amount of stress that they were going through, the lack of sleep. I mean, I’ve been in situations where you’ve got worry and concern. You don’t sleep well, you don’t eat right. I mean, there’s so many things that it affects and I, I can imagine the place that they’re at when they came down and sat in your office the very first day and how that changed over that timeframe.
[00:14:55] Seth Hicks Esq.: Absolutely. I mean, you gotta have compassion for people, especially if you’ve gone through [00:15:00] trials and troubles of your own that. They’ve kept you up at night and the stress, like you said, weighing on you like a 400 pound bar. These folks, as they began to get lift, which really didn’t take that long, they saw these principles in action in the first few months, and they began to catch that lift and that stress lifts and the anxiety lifts and they began to breathe a little easier.
[00:15:21] Seth Hicks Esq.: They were able to keep their kids in college. They were able to avoid bankruptcy, which they were on the precipice of filing. And they began to see that light at the end of the tunnel and that they were gonna be able to make it through this. So that’s really where we thrive. These stories where people are, are burdened down and we’re able to step in and get them out of this type of situation.
[00:15:42] Seth Hicks Esq.: And this type of hole really makes you feel good coming from a place of almost losing it all. There was an over-leveraging and unfortunately there’s a lot of Americans that overspend that is. One of the types of folks that we really can’t help. If you continually spend more than you make, these people [00:16:00] didn’t, they’re not by overspending, they weren’t there from over-leveraging necessarily.
[00:16:03] Seth Hicks Esq.: They were there from a medical misdiagnosis that prevented him from earning what he’d been making. But let’s be real, a lot of Americans spend more than they make. They accumulate toys and things that they really can’t afford, and that’s just the American way. And if you cannot. Forsake that mindset and step into another strategy where you actually control the money and the money doesn’t control you, then we can’t help you.
[00:16:27] Seth Hicks Esq.: But that’s why I said these guys are like rock stars because they actually took the advice, the eight year roadmap that I’m describing, and they put it into work.
[00:16:35] Eric (Host): Yeah, that was actually my next question. I know that Vance just barely scratched the surface on this story, and we’re gonna get in depth in the next two podcasts.
[00:16:42] Eric (Host): But the timeframe is what I was wondering about. So you said it’s like an eight year roadmap, correct.
[00:16:47] Seth Hicks Esq.: The roadmap that Vance puts together for folks is an eight year roadmap, and that can be changed and modified as things change, assets change, liabilities change. But that’s where we start with that eight year roadmap.
[00:16:58] Seth Hicks Esq.: And if nothing changes and you don’t have to [00:17:00] work any harder or take a second job, you can follow that roadmap. Right to the end and know exactly where you’re going and where you’re gonna end up in financial freedom and security. I mean, these folks scraped together about 30,000 bucks. That’s all they had to their name from friends and family loans and selling used things on Craigslist and that.
[00:17:17] Seth Hicks Esq.: That’s not a whole lot, but they went all in. They jumped in the deep end. And they trusted us to put this to work for them. This is the thing that we’re after with this. It’s a new form of banking to most that they’re unaware of now, but it’s not new in our history. It’s a 200 year old concept of private banking through whole life insurance, and it’s the contract that we’re after in these situations.
[00:17:39] Eric (Host): Fantastic. Well, guys, do you have any closing thoughts for today’s podcast? Because again, this is a journey that we’re all gonna be going on together. Great information. We’re gonna continue this on the next podcast, but any closing thoughts for today?
[00:17:51] Vance Lowe: Well, as far as I’m concerned, since this is so typical to so many people, what will be surprising is the information we’re going to [00:18:00] introduce.
[00:18:00] Vance Lowe: Remember, Seth has said a couple of times, I said at the beginning, these people scraped together the remaining asset. That they had. We want to talk about how to wake things up versus having things asleep. How to wake investments from being asleep. I’m just excited because this is just the opening page here, folks, and here’s a typical example.
[00:18:21] Vance Lowe: I’m so thankful for the Chio family for allowing us to use their numbers as a typical example.
[00:18:28] Eric (Host): Yeah, absolutely. Alright guys, well we promised the audience that Loom video. How do they find that Loom video so they can watch it?
[00:18:34] Seth Hicks Esq.: It’s gonna be a link that’s made available with the podcast and, and should simply just be a click through link and they’ll get a 30 minute discussion of an analysis and spreadsheets where Vance is taking them through line by line, year by year, debt by debt, and asset by asset.
[00:18:52] Seth Hicks Esq.: Illustrating how this works.
[00:18:55] Eric (Host): Fantastic. All right. That’ll be a link in the show notes. Everybody right in the show notes on your favorite player, [00:19:00] the one you’re listening to this podcast on, go there. There should be a link there. Thank you so much for your time today. This was a fantastic podcast. I’m looking forward to part two for sure.
[00:19:07] Eric (Host): Well, thank you very much. Thanks, Eric. You bet. And our last thank you always goes to you, the listening audience. Thank you for tuning in and listening to the Private Banking Strategies podcast with Vance Low and Seth X.
[00:19:16] Outro: Did that story feel like it was about you? Do you feel you should be making more progress toward your financial goals?
[00:19:24] 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 below to be notified when new episodes become available.
