[00:00:00] Intro: Welcome to Private Banking Strategies Podcast with Vance Lowe and Seth Hicks, your secret weapon to protect your assets and never have to start over financially again Vance and Seth help high net worth individuals, families, business owners, and investors structure an 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.
[00:00:37] Seth Hicks Esq.: Hello, and welcome to Private Banking Strategies podcast with Vance Lowe and Seth Hicks.
[00:00:42] Seth Hicks Esq.: Vance, how are you today?
[00:00:44] Vance Lowe: I’m doing wonderful today, and looking forward to continuing our explanation on the private banking strategy.
[00:00:51] Seth Hicks Esq.: Absolutely. We’ve been talking about how people get started in the first 90 days with, with private banking strategies. We’ve talked about the, some of the [00:01:00] mechanics and psychology of foundation when you set this up, some of the purposes.
[00:01:05] Seth Hicks Esq.: We’ve talked about a walkthrough process, and ultimately folks coming into that exploratory process where they ultimately get an eight-year plan, and that’s ultimately a roadmap, a blueprint for how to operate their private banking strategies, and that family bank blue- is… It comes at quite a bit of effort that you put into it, and can…
[00:01:27] Seth Hicks Esq.: I’d like for you to just drill down a little bit and talk to folks about that eight-year analysis and what it does, what the family bank blu- blueprint in the eight-year analysis does for someone, and why it’s so valuable.
[00:01:39] Vance Lowe: Number, there are universal money laws, and following a well-defined financial plan is absolutely paramount.
[00:01:46] Vance Lowe: You’d plan a road trip. If you don’t have a phone with your map on it, or if you don’t have a map to try to get to where someplace, you’re gonna find it’s, if you get there, it’s gonna take a lot longer, and you’re gonna go on roads that you don’t need [00:02:00] to, and you’re gonna introduce risk and danger along the way.
[00:02:04] Vance Lowe: So we get people to living that principle. Eight-year analysis, they’re gonna know exactly what to do every single month, and it’s so fine-tuned, it doesn’t take them to run the whole strategy, but maybe less than 30 minutes, I’ll say. That’s it. Once a month.
[00:02:22] Seth Hicks Esq.: What is in that eight-year roadmap? Wh- why, why is it something that they can use as a cornerstone for their whole philosophy?
[00:02:31] Vance Lowe: It converts them from spending money to using money and getting it back, and how to employ and put their money to work for them. They have never done that. They may have investments, they may have assets, but usually the assets are in accounts where somebody else has access to the money and is using it.
[00:02:50] Vance Lowe: This shows them how to put the money to work themselves, use the money, not create any taxable events. So the first thing we work on is capturing [00:03:00] their debt, putting their assets to work, and purchasing their debts, and let that asset go to work, funding that debt, and letting the client pay themselves instead of someone else through that contract Period, they’re gonna end up with more money in the account, they’re gonna get reuse of the same dollars, they’re gonna make the interest, and they’re gonna make the profit totally tax advantaged with no risk.
[00:03:23] Vance Lowe: No economy risk, no market risk, no risk of theft. So people really love that when they find out about it. Now the question is, can I actually do it? That’s what the plan is. What do I do now? Okay, I’m gonna take this asset and I’m gonna go… Now that I’ve got that coming in and those dollars coming back into my hands, I can take that pool of money along with a little more assets if that’s what’s planned for.
[00:03:46] Vance Lowe: Now I’m gonna buy the next debt, the credit card debt. And pretty soon that’s a snowballing effect, and within a very short period of time, normally five years, we’ve got all of our debt play- paid for, including our mortgage. And when I [00:04:00] say paid for, I’m not talking about it in the sense that you think you’re understanding money.
[00:04:05] Vance Lowe: It’s I have bought the debt. I have my assets now working for me, and I’m receiving a monthly volume of return or the monthly payments instead of w- that was outflow is now inflow coming back into me to be reused again. That’s what this eight-year analysis does. It just organizes everything so they’ve got something to do.
[00:04:26] Seth Hicks Esq.: And I think that’s w- what really turns the light bulb moment on for folks is when they see how they don’t have to work any harder or add additional jobs or investment to their earning capacity. They simply change where the money goes first, how it’s deployed, and who gets paid what. That’s what the eight-year plan shows you.
[00:04:48] Seth Hicks Esq.: And for people that are heavily in debt, this strategy works amazingly well to actually turn that bad debt or high interest debt or even low interest debt [00:05:00] into a tailwind that can actually increase their wealth through private banking
[00:05:05] Vance Lowe: It’s what we call an instant economy. There’s enough debt out there, especially credit card debt.
[00:05:10] Vance Lowe: The average American has more credit card debt than you can imagine, and it’s scary sometimes. And people, when they come in and divulge that to us, they’re a little bit embarrassed, and we go, “No, that’s good. We’re gonna turn those lemons into lemonade immediately. We’re gonna turn that outflow into inflow, and we’re gonna put your money to work, and you’re gonna capture that debt.
[00:05:27] Vance Lowe: And you’re not only gonna pay off that debt, you’re gonna pay off what you charged before that debt. We’re gonna keep your money working for you at a high, very high volume of return,” which is how much is coming in versus the money I have out working for me, and that’s ever-increasing. So the more volume, the more money we have out working for you.
[00:05:48] Vance Lowe: For us, the more dollars, the more monthly payments come back into us to reuse again.
[00:05:54] Seth Hicks Esq.: Just a quick statistical fact is revolving credit card debt of between one and two [00:06:00] trillion dollars in credit card debt, and with the average interest rate between 20% and 30% on that money, which there’s no investments, there’s no ROI on even people running successful businesses that generally maintain those type of percentages.
[00:06:16] Seth Hicks Esq.: And so it’s quite amazing when people use that and just continue to suffer under that hamster wheel of, uh, what I would call slavery, where they can easily get out. Now, folks that are heavily in credit card debt that find private banking strategies, I know it’s your heart to help people, help the underdog.
[00:06:36] Seth Hicks Esq.: Of course, that is not the most successful place to, to be or to land. You wanna grow from credit card debt into owning that debt and having all of that cycle into your own private economy, and then that effectively takes being in the deep red into being balanced and in the black
[00:06:55] Vance Lowe: So let me state this, Seth, and see what, where you can make of it.[00:07:00]
[00:07:00] Vance Lowe: People, when they’re in this kind of debt, the number one goal is to get that debt paid off ’cause of that high interest rate, and that’s not the goal, folks. The goal is to own that debt. Wouldn’t you rather have an investment where you’re making 30% income tax-free than paying a tax that’s 30%? So here’s a scenario, and I find this all day long almost with over 80% of all the clients that come in with that debt.
[00:07:29] Vance Lowe: Let’s talk about assets. We’re… I’ve got this and I’ve got that and I’ve got equity in my home and I have this. I says, “How much is that making you?” “Oh, on my portfolio, maybe after taxes 3 or 4%. On my home, zero, ’cause that equity doesn’t earn me any income.” Why don’t we take that asset and purchase that debt?
[00:07:51] Vance Lowe: Now who’s gonna make that 28%, that 38% interest? And how much do you trust the guy making the payment? See, it’s so easy, folks, to [00:08:00] make money. It’s all so easy to compound and put your money to work, but you have to think the right way about money, and this is what a- an organization like this will plan. This is…
[00:08:11] Vance Lowe: Once they figure that out, they go, “What’s the next step? What, what can I be doing now to get more of my money to work?” And that’s what this eight year analysis is all about.
[00:08:20] Seth Hicks Esq.: I think it’s hard for people to hear and quite and get it, so to speak. It’s when you actually begin to see in the eight-year plan where you lay it out step by step that they begin to recapture what they’ve earned and has come under their earning potential.
[00:08:39] Seth Hicks Esq.: And that’s what we’re talking about, keeping control of what you earn and making it work for you within your private banking system as opposed to paying a credit card and losing that under your control and paying the interest to somebody else. Those are all lose-lose when you [00:09:00] have high credit card rates.
[00:09:01] Vance Lowe: It is and it’s so easy to turn around. Like I said, to turn lemons into lemonade. We just need to know how to do it and how to rethink things. We’re programmed how to think. We’re programmed like everyone around us to think the wrong things.
[00:09:20] 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?
[00:09:30] 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 visit us at www.privatebankingstrategies.com
[00:09:51] Vance Lowe: Well, this is critical, folks. It is not difficult to put your own money to work for you versus trying to give it away, put it in accounts, having to leave [00:10:00] it there, take on risk, and thinking you’re gonna get the lion’s share.
[00:10:04] Vance Lowe: You’re not. You’re gonna get the minimum they- they’re gonna give you and they think they can get away with. This way, you’re getting the lion’s share, you’re getting everything you possibly can, and you’re doing it in such a way that you’re not triggering a taxable event.
[00:10:17] Seth Hicks Esq.: And I think when you hit years Five, 10, 15 after operating this plan is when people go, “Wow, I can’t believe how much I have accumulated in my private bank, how much dry powder I have to pay off mortgages, pay- use it as financing for car loans, using as financing for business or my spouse’s business.”
[00:10:44] Seth Hicks Esq.: It’s there, and if we could help people see this at step one, they would capitalize their banks in greater proportion and have a much stronger wealth position in 10 years. [00:11:00]
[00:11:00] Vance Lowe: Oh, absolutely. The first five years are critical to learn how to set this up and operate it and buy as much debt as possible, because you’ll double your bank, right?
[00:11:09] Vance Lowe: It should not take any longer than every five years. Sometimes it’ll only take two and a half years. But think of that. How many doublings do we have? So if we mess around and we, we do the minimums the first five years and not get enough accomplished, that kinda sets the precedence for the asset accumulation in our bank.
[00:11:31] Vance Lowe: So we wanna set this up, go at it full force. We want to become experts. We wanna put the time in and change totally and completely change the way we think about money. Get involved in this and think like bankers. Put our money to work, find the opportunity, and self-capitalize.
[00:11:53] Seth Hicks Esq.: And that’s what this- these first s- stages are, when people b- begin to learn how it interacts, [00:12:00] learns to inter- understand how much they’re gonna be recapturing from what’s been basically fallen out of their pockets, and what they’re able to recapture gives them a predictable schedule, an increase of wealth accumulation.
[00:12:15] Vance Lowe: Absolutely. Yeah. Sometimes we get in, into a ruts. We all, we get used to doing what w- we’ve always done, and there’s excess. Many times when people say, “We just… I j- just can’t do this. We’re too tight,” I find that very rare once we go in and we do what’s called Find the Money interview, because there’s a lot of assets out there.
[00:12:39] Vance Lowe: And when they find that it would be best if we use money that we gave away, that way they don’t have to change things, then they get more excited. And that’s how we set the plan up, too. It shows where the money’s going to be and how the future money going in to your banking is gonna come from, and it’s not gonna come from out of pocket.
[00:12:59] Vance Lowe: [00:13:00] I don’t have to come up with a chunk of money every year out of pocket if I’m working the strategy correctly
[00:13:06] Seth Hicks Esq.: What would be some of the biggest reasons people succeed and biggest reasons people may fail?
[00:13:15] Vance Lowe: We’re actually– I’m in the middle of coming up with a self-question test, so to speak, on the different categories so that people can test them-themselves into the aptitude and the knowledge of what they’re doing and if they’re doing it correctly.
[00:13:31] Vance Lowe: If they can answer the questions, they’ve got a lot of knowledge, and then we can go deeper and deeper until they become experts. It’s when people set up a plan, they go through our steps here, which we totally haven’t identified all of the steps yet, we get to implementation, and then they get lazy. So i-it’s really, the reason it won’t work is if they decide, “I’m not gonna make this payment back this month.
[00:13:58] Vance Lowe: I’d rather do this,” [00:14:00] or, “I know the plan says to go ahead and buy this next debt, but I’m busy. I’m gonna wait till the following month or the following month after that,” and they don’t follow the plan exclusively. Now, folks, these plans are not given to you to follow. These are plans that you create and finalize and know you can sink your teeth into and do.
[00:14:23] Vance Lowe: We have a good outline, but we take you through until, “Yeah, I can do this. I– This is exactly what I can do, and this is the way I wanna proceed.” So it’s failure to follow, and a lot of that really comes down to laziness or, again, how we think. Sometimes life hits us with things. We’re paying bills and everything.
[00:14:47] Vance Lowe: We’ve set aside our 10%, and yet now we’re out of money, but we’ve got one more bill, so I’m gonna take this 10% and pay that bill. Nope, you d- you’re not following instructions. We can [00:15:00] pay that bill, but we can also put that 10% money to work. So it’s all how we think. It’s all how we do things, and failure to do, live the principles, live the five laws in Nelson Nash’s book, Becoming Your Own Banker, and not following the plan, you’re not gonna succeed.
[00:15:19] Vance Lowe: You will not. But the eternal money laws, if you follow them, you can’t avoid success. You will succeed. You can fall flat on your face. You can lose your job. You can be swindled. You can have a bad investment. But if you’re living correct principles throughout your life, you’ll pick back up, you’ll step back up, you’ll dust yourself off, you’ll find out, “Hmm, I’m not gonna do that again” and move forward, and you will succeed.
[00:15:52] Vance Lowe: It’s when we choose not to do those things, we have no chance, and yet we’re frustrated and wondering why.
[00:15:58] Seth Hicks Esq.: I think you identified [00:16:00] it very well when you say the laws that Nelson Nash has put forth in his book. There’s, there’s a number of banking and wealth laws, and those are what people need to keep on the forefront of their mind as they’re exercising banking.
[00:16:14] Seth Hicks Esq.: We’ve talked about not stealing the peas, and so if you’re listening for the first time and you don’t know what that means, listen to some of our prior podcasts. It means if you owned a grocery store, do you take cans of produce out the back door and load your car up, or do you pay at the register? And we’ve- Explained over and over again, you pay at the register, and that the profitability at p-paying at the register far outweighs the benefit of what you think you’re getting because you own the grocery store or the bank here.
[00:16:47] Seth Hicks Esq.: So when you steal the peas, you don’t make the payments back that you set up. You don’t follow the plan. So that is what he identified as a very quick way to fail.
[00:16:57] Vance Lowe: But this is the problem. This is why we have to [00:17:00] rethink things. That mentality of, “Oh, I own the grocery store, I can have my groceries free, or at least at wholesale prices,” that’s not the case.
[00:17:10] Vance Lowe: They don’t understand that they force everyone else to subsidize their stuff. But they think they get an advantage. They not only don’t get an advantage, it costs them more. Not today, but tomorrow, the value of the company, the value of the business. When it comes to ourselves, we think, “Oh, this month things are too tight.
[00:17:29] Vance Lowe: I’m not gonna make that payment.” Wake up. What do you think that not making that payment’s gonna cost? I do this with 14-year-olds. I used to do this all the time in teaching them the value of money. That $150 payment that you decide you’re not gonna pay, if we compound that on the average, because our minimum volume of return is 24% non-taxable, you times that over five, 10, 15, 25 years, and you’re [00:18:00] talking tens of thousands of dollars for that one mistake.
[00:18:05] Vance Lowe: Folks, don’t make that, because you can’t make it up. “Well, I’ll make it up tomorrow, next time.” Well, that payment’s still gonna be due tomorrow. Now you gotta make two of those payments. Are you gonna be able to do that? Follow the plan, and if you’re stuck, we’re here. This is what we hang out for. This is what I live for, is to help people be totally successful in this strategy.
[00:18:28] Vance Lowe: “Hey, I’ve got this issue. This happened. We’ve got this unexpected bill. We’ve got this unexpected medical expense. Job lowered. Now I need to scramble, so I need to be able to live the plan.” The good news is that a lot of the people in the strategy do make those phone calls. They do update things. But there’s always that group of people who wonder, “What the heck happened?
[00:18:53] Vance Lowe: Yeah, I got it started. I got everything here, and now it’s more of a wish. I hope it works.” “Well, did [00:19:00] you do your plan? Live your plan?” “No.” “Have you looked at it this month?” “No.” “When’s the last time you looked at Nelson Nash’s book? When’s the last time you watched any of the podcasts?” “I haven’t.” “What have you been doing?”
[00:19:10] Vance Lowe: “I’m busy doing life, raising kids or this, that.” No. You got plenty of time to do whatever you feel is important, and this needs to be on that list.
[00:19:20] Seth Hicks Esq.: Folks that are successful, they continue to exercise the disciplines. They continue to revisit the principles. They continue to put their mind on it and see how they’re applying it to their particular family.
[00:19:33] Seth Hicks Esq.: And like you said, folks, if you’re a client of ours, take advantage of Vance’s expertise and experience, and revisit the plans. And come with questions and set up calls with him, because he will help you fine-tune that engine so that it is humming on all cylinders and is as fast as zero to 60 as it can be, meaning increases your wealth curve, increases your [00:20:00] family wealth position, your children, your grandchildren, and that you stay on target.
[00:20:05] Seth Hicks Esq.: It’s really not about working harder. It’s about changing who gets the money and structuring it the best way possible. Folks, if this content resonates with you, check out our website at privatebankingstrategies.com. We’ve got over 150 podcasts, blog articles. We’re working on some new features, including an AI tool that will help you ask questions on the website and get you the resources that we’ve already created that answer your question, your particular question, ’cause it’s a very robust website, privatebankingstrategies.com.
[00:20:41] Seth Hicks Esq.: Vance, any other closing remarks today?
[00:20:44] Vance Lowe: No, just an invitation. Challenge yourself. Come find out something. Learn something new about money, something that’s different. Not the herd mentality’s way- but your own private way and see for yourself if [00:21:00] you can’t be better off.
[00:21:01] Seth Hicks Esq.: Awesome. Thanks for joining us today, folks.
[00:21:03] Seth Hicks Esq.: Look forward to seeing you on the next one. Bye for now.
[00:21:06] Vance Lowe: Bye-bye.
[00:21:07] 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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