[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 with private banking strategies. And we see it all the time with successful clients, they operate. What we’re gonna teach you in this podcast and folks that are still wandering, so to speak, don’t implement these type of disciplines.
[00:01:34] Seth Hicks Esq.: 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. So stick around to the end. You won’t regret it. Vance. Pick it up from there.
[00:01:48] Vance Lowe: Well, guys, I think this is a unique opportunity and this is the first time we are getting into a very ultra deep level here.
[00:01:57] Vance Lowe: So everyone knows this topic, [00:02:00] everyone, at least our clients. Those of you who are just tuning in for the first time, we have a resource book that we use. The father of the Infinite Banking concept, r Nelson Nash, becoming Your Own Banker. We advise people to get that book and read it and interpret it correctly, and that’s what this is about.
[00:02:23] Vance Lowe: Today is just one little item here in the book, but teaching people how to interpret it correctly. I’ve noticed because of life experiences, Seth, that people listen, they hear, but the meaning to them is different. We can only progress and get to the finer points when we have the correct interpretation or the correct understanding of things.
[00:02:49] Vance Lowe: So we’re gonna try to do that today. There is a grocery store story in his book, and it’s been used for multiple years, and we’re gonna. This a little [00:03:00] bit, and this may be a three part series for us to get completely through it. So this first part is really setting everything up for us to get in the proper learning mode so that we can internalize what is really being meant.
[00:03:15] Vance Lowe: In two full pages because it means everything in the private banking strategy, how we set things up, how we operate, how we roll. So maybe you make a couple more comments on that, on what people can expect, and then let’s get right into it.
[00:03:32] 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.
[00:03:41] Seth Hicks Esq.: And have some type of captive customer, so to speak. Nelson Nash describes it as a grocery store, right? 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 [00:04:00] 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.
[00:04:06] Seth Hicks Esq.: That come into there, 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 own banking assets and which is your money in a way.
[00:04:32] 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.
[00:04:54] Seth Hicks Esq.: There was a movie, kind of a little bit of a rabbit trail, or sidebar, the Karate Kid. Did [00:05:00] you ever see that movie Vance, the Karate Kid. Okay, so the kid goes to Miyagi and Master Miyagi has him painting the fence, you know, with these motions up and down, up and down, and waxing the car like this. And he’s waxing cars and painting fences, and he thinks he’s being taken advantage of.
[00:05:17] Seth Hicks Esq.: That discipline and those movements ultimately were ingrained in him in such a way that he was able to do them without thinking. And it’s the same thing with your banking. 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 and make the whole context of how you implement the strategies just a automatic.
[00:05:43] Seth Hicks Esq.: And if you do that, you will be very successful. And it’s the difference between a lot of wealth and little or no wealth.
[00:05:50] Vance Lowe: Would you say So? I think it really is. It gets into the subconscious level. Muscle memory is set in sports and all kinds of other things, but [00:06:00] we live and move because of muscle memory.
[00:06:03] Vance Lowe: We don’t even think about it. Our minds can only think about one thing at a time. But our subconscious, what is it? 40 to 50,000 calculations per second. They still haven’t the limit of what the human brain does. We can walk on two feet, we can chew gum, and we can use hands to open doors, and we don’t even know we’re doing it.
[00:06:24] Vance Lowe: So some of that is gonna apply here in the grocery store story. 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, I could have all the food I want and I could get it for a much cheaper cost because I’m the owner.
[00:06:49] Vance Lowe: That’s almost a given scenario when people really don’t understand what goes into a business, especially the grocery store, and this is such a perfect [00:07:00] example in Nelson Nash’s book. He starts off with the idea of a grocery store and the mechanics is gonna take to set up a grocery store, and it’s very involved and very, very detailed.
[00:07:14] 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.
[00:07:36] Vance Lowe: So he’s putting in the grocery store that it is a organized discipline. 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 life I can remember going to a Walmart [00:08:00] or grocery store and seeing empty shelves.
[00:08:03] Vance Lowe: But I looked at that and that was not comforting. Number one. 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 shell stock.
[00:08:24] Vance Lowe: That means you have to have a back store room and it has to be 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.
[00:08:54] Vance Lowe: Comes in through the back, through the warehouse or where everything else inventoried comes in, put out on the [00:09:00] 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.
[00:09:15] 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 to that grocery store should use.
[00:09:37] Seth Hicks Esq.: And it begs the first. Fundamental question of how do you treat your own inventory, right? I mean, we said we were gonna ask a few questions. 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.
[00:09:54] Seth Hicks Esq.: And she comes in and she starts to load up the grocery store basket with all the food that she [00:10:00] needs. And this is the question that we ask folks. So should she go back out the back 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.
[00:10:16] Seth Hicks Esq.: 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. 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.
[00:10:40] Seth Hicks Esq.: If he drives a Tesla full retail or if a family member has a Tesla, they pay full retail price. There are no discounts. 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 [00:11:00] cost him to drive a Tesla without paying for it?
[00:11:03] Seth Hicks Esq.: What does it cost him to give his kids Teslas and his friends or family? 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.
[00:11:22] Seth Hicks Esq.: What’s that secret?
[00:11:23] Vance Lowe: Well, Seth, I believe in the same thing. The owners are free to do whatever they want. 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.
[00:11:47] Vance Lowe: And I think in this first part of these podcasts. We’re gonna lay these questions out. I think in the second podcast. We’ll go in and show you the impact on [00:12:00] either side with those questions so that people can really start to gain a little momentum as to why a grocery store can either be successful or not.
[00:12:11] 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?
[00:12:34] Midroll: Please visit us at www.privatebankingstrategies.com.
[00:12:42] Vance Lowe: And I’m sure, at least in my experience in my life, I’ve been in both types of grocery stores, I’ve been in grocery stores that I wouldn’t want to go back. They just don’t feel good. Others, man, that’s the place to be. Things are happening there, so depending on, on what you’re [00:13:00] after, a lot of times you can find it in the grocery store.
[00:13:02] Vance Lowe: So I think to also continue with Elon Musk and a grocery store owner, how he feels about the business and as they understand the impact of their choices makes all the difference in the world. Everything else being equal, you’ve got two side by side equally, one will succeed far better than the other one if they stay independent and make separate.
[00:13:30] Vance Lowe: Choices. Okay. One will be better at making more profitable choices. The other one might be more into discounting or whatever else. So I think that’s an important issue. Another issue is the family members. Everyone should understand the purpose and the value of a grocery store. So in Nelson’s book, he says.
[00:13:53] Vance Lowe: To tell all family related members in your extended family that are local, [00:14:00] they have to shop at your grocery store and 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?
[00:14:20] Vance Lowe: Which one’s more profitable? 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? I was just blown away when I first read about it. I thought, oh gosh, you know, that can’t be true.
[00:14:42] Vance Lowe: But then when Nelson explained that to me in person, I got it. I understood, holy cow, I’ve been going about this. I’ve been thinking about this all wrong. That’s not the way to make money. So theft in retail is a huge concern. How the [00:15:00] population is today, they won’t even investigate a crime for theft. They don’t even do that anymore.
[00:15:06] Vance Lowe: I think especially in your neck of the woods down in California here, they still will do that, but theft is so common now it’s, it’s just part of the business. Okay. But the bottom line is what is affected Folks, the reason we’re saying this, I want to go back to our private banking. Every single penny counts in banking, right?
[00:15:27] Vance Lowe: It counts In banking, they do not even let dollars set 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. Okay? In grocery stores, if they’re not sold stuff, rots stuff goes outta date and they have to destroyed. Back in the early days when I guess people were more sane and we didn’t have to be bothered with too many government controls.
[00:15:57] Vance Lowe: When things got out of date or a little [00:16:00] bit over, right, the more needy people could come in and get that food before they threw it away, and that helped their lives out a lot. We’re talking about running an operation, having our family involved and trying to make the store as profitable as possible. So the answer to that store question is whether we take the food.
[00:16:19] Vance Lowe: Or the merchandise out of the front through the cash register or the back is the difference between success and failure. 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. That’s critical and we’ll tell you that on the next one.
[00:16:44] Vance Lowe: But we force, like I said, people to have to make that difference up. So our prices have to be up a little bit or, and in other words, we will never, ever see the amount of profit we could have seen in the store without theft. Do [00:17:00] you think if it’s my wife and she goes into shops and goes out the back door, do you think the employees won’t see her do that?
[00:17:07] Vance Lowe: They’re gonna see her and there’s a feeling in our brain called entitlement. Oh, she can do that. I can do that too. And they’re gonna sneak some merchandise out the back. And now we’ve got more theft going on. And it’s a never ending game. Hey, my son comes in, you know, why don’t you just pay wholesale?
[00:17:26] Vance Lowe: This, that and the other. And before you know it ends aren’t being met, the money’s not coming in. And what are the statistics, Seth? Of successful business of 10 business startups, how many of those are in existence? Five years and 10 years?
[00:17:40] Seth Hicks Esq.: The majority are not. The majority fail, correct. Is that right? Yeah.
[00:17:44] Vance Lowe: With 10 startups. And it’s still true today, and it’s been true my whole career. 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 [00:18:00] gone in the first five years, okay?
[00:18:02] Vance Lowe: And the main culprit is theft and unprepared financially, what the initial commitment might be. But they’re not as profitable as they should be because of other problems. Just stealing one item forces so much more that the other clients have to subsidize. But the sad part is, over the next five years, four fail.
[00:18:26] Vance Lowe: Nine out of 10 new startups fail. Now if you’re like me, I go, holy cow. Wow, you mean I only have to start 10 businesses and one will succeed? Most people are gonna say, I’m not gonna do it because my chances of success are limited and it’s all how we look at it. We have to understand, we have to have the right interpretation of all the information before us, and we have to work the system correctly.
[00:18:56] Seth Hicks Esq.: Just to drive home the point, the question was, do [00:19:00] you and your family take your groceries out the back door or do you pay full retail at the front register? And the the answer is you pay full retail at the front register. And the reason is, is there’s a small margin on the product inventory, and if you, if you still the piece, so to speak, out the back door, you’ve gotta sell numerous, numerous volumes of that.
[00:19:22] Seth Hicks Esq.: Canopies 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.
[00:19:46] Seth Hicks Esq.: Is that a good
[00:19:47] Vance Lowe: connection? 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, [00:20:00] right? Why do they think in their mind then it’s gonna cost them more? It will cost them less because who’s gonna end up with that money?
[00:20:07] 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 pea and we’re gonna analyze why that’s here next time.
[00:20:17] Seth Hicks Esq.: Yeah, absolutely critical that people understand this conceptually. And then we’ll get into more of the mechanics in the next series, these type of issues.
[00:20:26] Seth Hicks Esq.: 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. 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.
[00:20:45] Seth Hicks Esq.: 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 a different dimension. Well, it’s the same thing. There’s all sorts of things going on in culture [00:21:00] and finances that people have been conditioned and programmed to believe or right, which aren’t.
[00:21:05] Seth Hicks Esq.: And Vance and I put our finger on some of those issues, including the power of compounding interest and how to utilize. 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.
[00:21:24] Seth Hicks Esq.: 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. 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.
[00:21:46] Seth Hicks Esq.: 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. 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 [00:22:00] content resonates with you. Book resonates with you and you’re like, I, I want to dig deeper into this.
[00:22:05] Seth Hicks Esq.: I want to start implementing private banking. You can schedule an exploratory call with Vance, and the link to his calendar 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. 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.
[00:22:36] Seth Hicks Esq.: How private banking strategies will work for you in a wealth increase, in a wealth preservation over an eight year plan, 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.
[00:22:54] Seth Hicks Esq.: It’s a brilliant tool and we offer that all to you for free. Folks, there’s no cost to you. We [00:23:00] provide that completely free and just excited to do it for folks. Vance, what? What would you add to that?
[00:23:06] Vance Lowe: I just think people should find out we’re all on a road of education and experience in life, and this is one that was purpose purposefully left out of our education is how money works, how money grows, how you use it correctly, and not waste it.
[00:23:25] Vance Lowe: So go down this road, find out if it’s for you. The test drive will let you know right up front whether it’s gonna better your life or not.
[00:23:33] 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.
[00:23:41] Outro: Bye-bye. 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 [00:24:00] visit us at www.privatebankingstrategies.com. Thank you for listening to the Private Banking Strategies Podcast.
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