[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 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] Eric (Host): Hello and welcome to Private Banking Strategies with Vance Low and Seth Hicks Vance.
[00:00:42] Eric (Host): How are you? I’m fantastic. Great to be alive today. That’s absolutely as is every day. At least verbally we can say that. Seth, I am coming to you next. First of all, hello. How are you Doing great, Eric. Thanks for having us. Oh, well thanks for having me. This is quite the journey I’ve been on learning. An [00:01:00] incredible amount from you guys.
[00:01:01] Eric (Host): So I’d love for you to give a just kind of a brief recap in case somebody’s joining us for the first time.
[00:01:06] Seth Hicks Esq.: Our focus, Eric, are on the asset protection pillar of the private banking strategies. We’ve got seven pillars. Asset protection is number one, and we’re focused on. The asset protection of your cash asset protection of your real estate and business assets.
[00:01:20] Seth Hicks Esq.: And we talk through what bail ends are, what the Dodd-Frank Act allows centralized banks to do. We post some questions that hopefully red pill the listener into an epiphany of the truth that your deposits are not safe in centralized banks despite FDIC insurance. Mm-hmm. And despite other promises of the government to protect you.
[00:01:42] Seth Hicks Esq.: And we talked about how your centralized banks are effectively agents of the government and they’re not acting in your best interest, and there are other options for you, and they’re quite simple, and those asset protection alternatives are what we’re gonna discuss today.
[00:01:58] Eric (Host): Yeah, and I wanna jump in right there [00:02:00] because what you just said, I think that if somebody’s joining us for the very first time, they could say, oh man, this is all conspiracy theory.
[00:02:06] Eric (Host): One thing that Seth Dill, and I wanna make this very clear, is that he had some of those questions about the topics that he just covered and said, Google this, look it up for yourself. Do a little bit of research on your own. Don’t take my word. Go look at these things. I think that Vance, you’re the one that set it best.
[00:02:21] Eric (Host): A lot of times we get ostrich syndrome, if that’s how you put it and think, well, that could never happen. We stick our heads in the sand. But there’s proof about these things that have happened in the past, and it’s not as though they couldn’t be repeated because laws were put in place that will actually enable it to happen easier.
[00:02:37] Eric (Host): And so don’t think it’s just a conspiracy because it’s not. Look it up for yourself. Verify what Seth and Vance are telling you I have, and it doesn’t make me happy.
[00:02:47] Seth Hicks Esq.: Guys, I don’t know how else to say that. It’s frustrating. Well, I mentioned the fact that I had a friend who told me that our own government, through executive order had confiscated gold in FDRs term.
[00:02:58] Seth Hicks Esq.: And I told him he was crazy, never [00:03:00] happened. And I looked it up and had egg all over my face because it did happen, and it was punishable by jail time. If you didn’t turn in your goal, that $20 ascribed value. And that was one of the things that led me down a pathway in a rabbit hole to. Be more scrupulous in the things I’d been brainwashed to believe.
[00:03:19] Seth Hicks Esq.: One of those being that my local bank was my friend and was there for my protection and that my money was safe in that local bank. Here’s the question that we’re asking. If there’s been this massive influx, $17.4 trillion. Cash stored in centralized banks. Why is it there? If people were aware of the lack of safety and the lack of real security in that, just because they don’t know of another alternative?
[00:03:46] Seth Hicks Esq.: Well, private banking strategies is a better option, and if you’re listening for the first time or you’re unaware of. What private banking strategies is, let’s just start with that question. It’s a completely private way to store [00:04:00] cash and what we like to call an asset protected vault. It’s safe and guaranteed.
[00:04:04] Seth Hicks Esq.: There’s no risk or loss. There’s no counterparty risk, there’s no market risk, there’s no disclosure. It’s a completely private means with no government reporting, and that’s completely unlike centralized banks as we’ve discussed, and here’s a real kicker and real value of it, that the IRS through the Internal Revenue Code 77 0 2 has said that this structure is completely hands-off.
[00:04:31] Seth Hicks Esq.: There’s. Taxable event with your money put into this vault or taken out of this vault. And all of it grows and compounds annually, year after year without any IRS involvement whatsoever. And that’s by their own rules and regulations. And that’s why the likes of John F. Kennedy, Ray Crock, Walt Disney, and many other entrepreneurs, and.
[00:04:52] Seth Hicks Esq.: Ultra high net worth people have taken advantage of this. In fact, most politicians and legislators, they’re aware of this and they [00:05:00] use this. In fact, your centralized banks use this tool to the tune of 15, 20, 20 $5 billion in assets. In their own private banking vaults, and those are all reportable that they disclose.
[00:05:13] Seth Hicks Esq.: So you can look those things up. How much money Wells Fargo has in its life insurance assets. We’re talking about private banking structure and strategies that the ultra rich and that these banking institutions have used themselves for over a hundred years.
[00:05:28] Vance Lowe: Yeah, I just want to step in here and talk about that.
[00:05:33] Vance Lowe: America changed when the Federal Reserve took control back in the early 19 hundreds, and one of the main facets, main reasons that America was so powerful is because they were so. Independent, all the way down to the family unit, the pioneers, the home structures, everything. Every family had to exist pretty much on its own.
[00:05:57] Vance Lowe: The banking was totally [00:06:00] different than it is today. It was derived from life insurance companies who came into existence to take care of that function that people required and. That slowly was eradicated out of the United States when the Federal Reserve took over to the point that they were so successful in our monetary system.
[00:06:20] Vance Lowe: How money works, how money grows, was completely eliminated out of virtually all of our research. It’s very, very hard to find out how money works. So what we’re talking about in the private banking strategy as a protect. Vault is not new. It’s virtually as old or older than our country. If we put together these still existing contracts with these insurance carriers, it’s not about buying life insurance, it’s about constructing the perfect private banking.
[00:06:56] Vance Lowe: Is it a life insurance contract? Yes. Will it come with [00:07:00] some death benefit? Yes, but an absolute minimum. There are a few rules we have to follow because government did try to step in at one point and try to take a little bit of control because the strategy was starting to come back, back in the early seventies, and they.
[00:07:16] Vance Lowe: Put in a few rules and regulations that they thought would confuse people, which it did. What Seth was telling you earlier is that one of the places you can go to look for security in today’s environment is where do the banks put their money? And they put it in these exact contracts with live insurance carriers.
[00:07:36] Vance Lowe: Banks are the number one clients of life
[00:07:40] Seth Hicks Esq.: insurance carriers. You’ve got cash sitting in the bank and you want to protect yourself and your family from bail ends from unnecessary reporting or being labeled terrorists. You want financial privacy and you want to pay as little tax as legally possible.
[00:07:56] Seth Hicks Esq.: Well then private banking strategies is something that you should [00:08:00] explore if you are. Intent on keeping your financial affairs offline and private, then it’s something you need to take a hard look at. I think people often come to us, Eric, because they were referred by a family member or a friend who feels like they’ve discovered the holy grail.
[00:08:16] Seth Hicks Esq.: For protecting their cash and their assets and they’re enthusiastic and they wanna understand all of the aspects of what private banking strategies is and does. And that’s why we’ve created the robust asset platform and content platform so that people can really dig in. Topic after topic and they can really analyze these things and they can go do their own research and they can hear from various people in the industry to determine, hey, they vet these things.
[00:08:44] Seth Hicks Esq.: But I think that they’re seeing things shape up in our current culture and economy. They’re gonna find that there’s really no better way to protect their cash assets than in the private vault that I’m describing. And one of the things that we like to offer our. Prospects who come to us looking for [00:09:00] information as a red pill book I like to call it, and you can find that on our website and I’ll tell you more at the end of the show.
[00:09:06] Seth Hicks Esq.: But you can find this book and where you can download it in written form or listen to it, and it highlights some of the same issues in more detail. What Vance and I are describing on this podcast, our clients, what we hear them saying over and over again is they’re able to rest securely. They’re able to have peace of mind knowing that.
[00:09:26] Seth Hicks Esq.: Their affairs are financially private, that their cash is liquid and accessible. They can use it, they can put it to work, but at the same time, it’s totally beyond the Dodd-Frank confiscation. It’s totally beyond reporting of centralized banks, and they’ve got the financial security and this structure that their plan never goes backwards.
[00:09:48] Seth Hicks Esq.: They’re not gonna lose money. Like if it’s in stocks and bonds, and we’ve talked about this before. We’re in the longest bull run in history. In the stock market, longest bull run in history, in the real estate market, everything [00:10:00] cycles, every market cycles, whether it’s real estate or stocks, cycles up and down.
[00:10:05] Seth Hicks Esq.: And so this is something that’s outside of that. It never goes backwards, it never retrace, it never corrects. It’s always a steady progress. And so that’s the things that we hear our clients echoing and the value and benefits of private banking strategies.
[00:10:22] Eric (Host): Yeah, absolutely. And one thing that we spoke about on the last podcast was when we were talking about taxes and how people complain that the rich don’t do their share, they don’t pay their fair share.
[00:10:30] Eric (Host): But the bottom line is that most people don’t have access to the quote unquote loop holes and things that the wealthy do when it comes to taxes. But you mentioned Ray Crock, you mentioned many, many famous people that use this strategy or have used this strategy in the past, and this isn’t out of reach for a lot of people.
[00:10:46] Eric (Host): This is something that people can do with way less money than they think.
[00:10:50] Vance Lowe: Eric, that is so true. That is a correct observation on your part right there. Anybody, every single person, no matter what financial condition they’re in, [00:11:00] can set up their own economic situation and actually see improvement every single month with this strategy and regain the hope.
[00:11:10] Vance Lowe: Mm-hmm. And the faith that we have to have in order to succeed. One of the things I think in life with Free Nations versus. On Free Nations is the hope inside of the average individual whether they can succeed in America. It has always been that I’m in the land of opportunity, and if I so choose, I can achieve anything I want.
[00:11:34] Vance Lowe: Well, our government’s teaching us today that you have to share any of your success. If you decide to work extra hard, that’s good, but you have to share that along the way. And that’s kinda hard to accept. This is the way that we don’t have to do that. You also said something about taxes, that the average person does not have access to a lot of the tax sophistication when in fact we do.
[00:11:59] Vance Lowe: [00:12:00] And all it is, is education. When we do this eight year analysis, when we bring people into the system, we introduce ’em to what decisions they have to make to be successful with money. And along the way, what is so surprising because of the lack of understanding of how money works, is that the majority of people choose not to do successful things, and it’s an actual physical, mental choice.
[00:12:25] Vance Lowe: I choose not to have a financial plan to follow. I choose to spend principle because I do not believe money has value and its only purpose is to use it one time. Mm-hmm. Well, that’s what the banks want us to do. The 10% rule, it goes back Anciently, who’s the first person you’re supposed to pay when you bring money home?
[00:12:45] Vance Lowe: You’re supposed to pay yourself first and then put the money to work. People don’t understand that we’re taught when I put money to work, oh, I guess I need to put it in an account in investment mutual funds or whatever. That’s not putting your [00:13:00] money to work. You’re putting the money to work for someone else.
[00:13:03] Vance Lowe: Yeah, and that other person will double money as often as on the average. Two and a half years where how often do our counts double and it’s because we don’t understand how money works, where the value is, how to multiply it, how to grow it. Mm-hmm. So that’s what this is all about. We’re trying to identify the problems so people don’t continue to do the wrong things.
[00:13:27] Vance Lowe: So many of us, well I’ve gotta earn more money, so I’ll work harder. And they still don’t get ahead. You can’t keep doing the wrong things and get a different result. Did
[00:13:36] Midroll: 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?
[00:13:46] Midroll: 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 [00:14:00] visit us at www.privatebankingstrategies.com.
[00:14:07] Seth Hicks Esq.: It is amazing how this strategy works, whether you’re ultra wealthy, high net worth individual, or you’re a blue collar person.
[00:14:15] Seth Hicks Esq.: And we’ve done a couple of episodes which highlight twin sisters, one who implemented a saving strategy through a CD at the bank and the other. Through a private banking strategy, and the one who implemented the private banking strategy came out far, far ahead. It will really shock your mind to learn that the sister who implemented the private banking strategy had a million dollars in cash value at the end of her road and was able to take $50,000 out a year in retirement, and this was 30, 40 years ago, every year while her sister used the CD method.
[00:14:47] Seth Hicks Esq.: Ran outta money in five years. Not to mention that she had a sizable death benefit that she left tax free to her heirs. And with, uh, like I said, no tax consequence whatsoever. So this works for the [00:15:00] ultra high net worth folks. Mm-hmm. And the blue collar folks as well. And I’ll tell you, Vance’s passion and his real joy is to see folks who will come.
[00:15:09] Seth Hicks Esq.: Out from the blue collar place into a real place of success, and we’ve got one such client who had relatively small policies on an annual basis and has parlayed that into multiple real estate investment property ownerships and just a real success story from implementing. Private banking strategies.
[00:15:26] Seth Hicks Esq.: And at the other end of the spectrum, we’ve got the high net worth and family owned business folks who are contributing high sums into their private banks and turning and moving their money and making the system work at the other end of the spectrum. So it works from the blue collar all the way to the top.
[00:15:42] Seth Hicks Esq.: Eric?
[00:15:43] Eric (Host): Yeah. So I want to ask you a question about something that you mentioned earlier. You spoke about asset protection of real estate, and also you had mentioned business assets. How does that play into this?
[00:15:52] Seth Hicks Esq.: Well, think of it like this. When you start to implement your own private banking strategies, you begin to think like a banker, and in [00:16:00] effect, you do.
[00:16:00] Seth Hicks Esq.: You create your own private bank entity that’s a family owned banking entity, and that it begins to finance purchases, finance, business expansion, finance, real estate acquisition, and you protect. Those loans in the same way that Wells Fargo or Bank of America would protect its loan. So let’s look at real estate for a second.
[00:16:23] Seth Hicks Esq.: If you go down to Wells Fargo and say, Hey, we need a loan to purchase this property as our home, and you have the financials to qualify for that loan and the loan to value ratios work out, then they loan you the. And you put down a deposit and then they file a lien against that property known as a mortgage or a deed of trust, and you pay the loan back until it’s fully paid.
[00:16:45] Seth Hicks Esq.: Well, with your own private banking entity and structure, it’s the same thing your. Private bank finances that home purchase or that investment property purchase or whatever form of real estate asset it is. And then as any [00:17:00] reasonable and prudent lender would do, they lean and securitize that transaction.
[00:17:04] Seth Hicks Esq.: And so in effect, you’re keeping the same dollar in your own family. Economy, but your bank is a separate entity and it’s an arm length transaction, and it gets the money back on the money that it loans with interest, which as Vance has pointed out, is not taxable. So is that a great deal or not? Yeah.
[00:17:23] Seth Hicks Esq.: Sounds pretty fantastic. It really is. Now Vance, you’ve put this strategy to work with real estate assets and private banking entities and putting it to work with your children and your grandchildren. Tell us a little bit how your family banking system works.
[00:17:38] Vance Lowe: Well at this point in time, my kids, I have four children and 10 grandkids, and I’ve prodded them into family bank because the money will come back to the bank for you to use over again.
[00:17:50] Vance Lowe: Well, I left it at that and I made a mistake, and the first question they asked me, well, how much interest are you gonna charge? And that’s better answered by saying [00:18:00] you’re gonna own equity in the family bank. And would you like your earnings high or low? Eric, if I asked you that, what would you say? I’d
[00:18:08] Eric (Host): like them high as possible, please.
[00:18:10] Vance Lowe: High. That’s the interest we’re gonna charge above what needs to be maintained in the family bank and that will, uh, credit to your interest once they really understand that. Okay. That’s great. So we have implemented that Seth helped us on the asset side. When we purchased this new home, we created the documents and the trust necessary so that when our family bank bought this mortgage and set up a mortgage repayment, we sold that loan to a trust company.
[00:18:40] Vance Lowe: For a much higher value, and this is called equity stripping. So recorded at the courthouse or wherever we record financial debt that people can see liens on will almost twice as much as the home is worth. Now we’re gonna have to keep up with that because real estate keeps going up and maybe it might [00:19:00] surpass what we have a lien on, but it’s showing a lien against our home by a lender.
[00:19:07] Vance Lowe: Financial institution because it shows that I’m way underwater. If I got involved in a lawsuit and they wanted to find out where my assets were, they would check that lien and see that there is no equity and pass that to particular property. By now, we can go into. Much greater detail on our website and other areas, but it’s just an example of how private banking works.
[00:19:30] Vance Lowe: So your private bank
[00:19:31] Seth Hicks Esq.: acts, Eric, just like any other third party lender works, they record security instruments. They record deed of trust that effectively make them a priority. Paid lien holder, and it’s the same thing. If you have a business and you’ve got a startup or you need business expansion capital and you’re a small business in America, a lot of folks go to the Small Business Administration, the SBA, and go through a loan process, and the SBA decides to loan them money.
[00:19:59] Seth Hicks Esq.: Well, [00:20:00] the SBA liens those business assets, if you’re a restaurant, they’re leaning all of your. Furniture and fixture and equipment. They’re learning your accounts receivables. They’re leaning the valuables in that business to make sure they get paid back well. It’s the same thing with your own private bank is that you can loan to any third party or within your family or in an arm’s length transaction.
[00:20:24] Seth Hicks Esq.: And you simply create the same security instruments and the same business relationship that the SBA would create or that Wells Fargo creates, and you make sure that that money that you’ve loaned out of your bank comes back to your bank plus interest. So in effect, the borrower makes payments to the lender according to an amortized payment schedule.
[00:20:44] Seth Hicks Esq.: Just like. A borrower would on a home purchase or on a investment property purchase or on a business loan. So
[00:20:51] Eric (Host): how does that get accomplished then? Is that something that you help your clients do or is that taught to them? Do they have to get an attorney that draws that up? How does that work?
[00:20:59] Seth Hicks Esq.: Yeah, we help them [00:21:00] structure that and accomplish that.
[00:21:01] Seth Hicks Esq.: And for those of you who haven’t heard prior podcasts, I’m a 25 year practicing attorney. Commercial transactions and help to structure these things for our clients when they want to implement private banking transactions and they want to loan money from their banks to acquire assets, acquire businesses, expand businesses, something that I help them do now.
[00:21:25] Seth Hicks Esq.: Your bank really steps in the shoes of what a traditional bank typically does, and for those folks, this is where it gets really easy because a lot of people have some form of debt, whether it’s mortgage on their home, whether it’s mortgages on investment properties or credit card debt or car automobile debts.
[00:21:44] Seth Hicks Esq.: Your bank can be. Utilized to effectively purchase the debt from that third party and keep the dollars within your own family economy. So you got $25,000 auto debt and you’ve got a $25,000 loan that you can [00:22:00] make from your private bank to purchase that auto debt from a third party lender, you begin to make.
[00:22:05] Seth Hicks Esq.: Cash flow and the interest payments on that auto debt into your own private bank. So this works in small increments, Eric, whether we’re talking about minor credit card debt or a little bit larger auto debt, or even larger home debt, or if we’re talking about a multimillion dollar. Business acquisition.
[00:22:24] Seth Hicks Esq.: It’s the same principle.
[00:22:26] Vance Lowe: Let me also explain, Eric, sometimes as we explain this, it sounds confusing. It sounds complicated. Well, man, if I have four or five loans out there, how am I tracking this? How am I doing that? I still run, even with the activities I’ve got today, five separate companies all on the private banking strategy.
[00:22:46] Vance Lowe: And with the little software that we teach people how to set up the loans and track, it does not even take 30 minutes a month to run this strategy for all five companies combined. It’s simple [00:23:00] once it’s set up, but to learn it, it’s something new. Yeah. It might be aliens are gonna speak a little martian or something, you know, because people don’t understand because they have never heard or understood the flow of money.
[00:23:14] Vance Lowe: And that’s why we go through this and this is how we’re dissecting it through these podcasts.
[00:23:19] Eric (Host): Alright? Makes
[00:23:20] Seth Hicks Esq.: sense. So if you want to protect your cash, it’s where we started, Eric. You can do that and through your private bank and it’s in an asset protected vault. Fully liquid. You want to protect your real estate.
[00:23:31] Seth Hicks Esq.: You do it through your private bank and the transactions that we’ve just discussed. Same thing with the business. And within this concept and this structure, you’re able to capture what we call the velocity of money, and we did an episode called the Velocity of Money, where we describe getting multiple touches on the same dollar and being able to capitalize your private bank.
[00:23:53] Seth Hicks Esq.: With a dollar and pull that money out of your private bank and loan it into one of the various forms we just described. [00:24:00] And then you’ve got cash flow and you’ve got receivables, and you’ve got rental income that all come back through in the form of payments back into your bank, which include interest.
[00:24:11] Seth Hicks Esq.: And you’ve got that money in your bank ready to use yet again for further business expansion or another. Real estate acquisition or another purchase of credit card debt or auto debt, and there’s that cyclical velocity of money and you’re getting internal rates of return that will blow your mind. And when you say, well, you get a 50 and 60% internal rate of return on some of just these basic transactions, people go no way.
[00:24:37] Seth Hicks Esq.: But then Vance will show you. He’ll lay it out for you and demonstrate to you in an eight year roadmap exactly how that’s working.
[00:24:44] Eric (Host): I know that we’re getting close to the end of our time together. What do we need to finish up with this podcast?
[00:24:49] Seth Hicks Esq.: Well, if the light bulb is coming on for our listeners and the things that we’re describing are resonating with what we’ve said, then go to our website at private [00:25:00] banking strategies and there you’ll have a contact us, uh, form that pops up and you give us your name and your email and we’ll begin to email you content that is informative on these very topics and the seven pillars of private banking strategies.
[00:25:13] Seth Hicks Esq.: And we also give our prospects a free book. We like to call it a red pill book. And you can read that or listen to it, and that’s available on our website. And you can begin to dive into content that we’ve spent years putting together in the form of podcast and blog posts and emails that really educate the listener as to how this works.
[00:25:36] Seth Hicks Esq.: And if you’ve done that and these things are resonating with you, we offer you a free consultation, an exploratory call with Vance where he kind of drills down on. Your particular goals and how it would work for you, and that’s how we jumped this process off, Eric.
[00:25:51] Vance Lowe: What’s so important, if we’re not happy with the results we’ve received so far in life, in working and everything else, something has [00:26:00] to change.
[00:26:00] Vance Lowe: A change has to be made in order to get a different result, and we’re offering that change for people to learn and literally take in. You can give a person a fish and feed ’em for a day, or you can teach someone how to fish and feed ’em for a lifetime. Money is not what people think it is. Although we think we know about money, it’s quite a bit different.
[00:26:22] Vance Lowe: And once we understand how money works and grows, we’ll never look back and the results will be far more to our favor than in any other process.
[00:26:32] Eric (Host): Absolutely. Well, gentlemen, again, thank you so much for your time today and of course the last thank you. Go through the listening audience. Thank you so much for tuning in and listening to the Private Banking Strategies podcast with Vance Love and s.
[00:26:43] 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 [00:27:00] visit us at www.privatebankingstrategies.com. Thank you for listening to the Private Banking Strategies Podcast.
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