Voiceover: [00:00:00] 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.
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.
Aric Johnson: Hello and welcome to Private Banking Strategies with Vance Lowe and Seth Hicks. Seth, what’s going on my man?
Seth Hicks: I am doing great, Aric. Thank you.
Aric Johnson: Yeah, man I’m excited to be back with you guys. I learn something every time. It’s always a great conversation [00:01:00] and Vance. I know that you’re gonna introduce the show topic to the audience today.
What are we covering?
Vance Lowe: Well, We’re gonna cover an, uh, something a little bit different today. We’re gonna take a little bit different track. We’re gonna go into, uh, we’ve got a lot of people investigating this idea. They’ve been worried, they’ve heard a little bit about us, and they’re walking through the process.
And one of the processes are, as they find out we have people, uh, actually Bring us their own numbers and we have an algorithm and software package that allows the individual to take this strategy. Kinda, I guess the best way to say it is a test drive. Hmm, we’re gonna let you test drive this to see if the strategy will be right for you or not.
So we use their numbers. Uh, the only difference is if they don’t know how to run the program, so they don’t know what they’re gonna choose yet. So we call it [00:02:00] theory day and we are going to make the choices for them, but it’s something very conservative. Uh, we know that we’ll absolutely work, but we’re gonna compare not doing it, staying the way they are versus switching to the strategy.
And this is the most fairest thing that we possibly think is out there because we don’t. Project anything. It’s strictly math. We’re not doing anything for inflation. We’re not doing anything for growth on either side. So it’s just pure math. And by the time we’re done with that meeting, they make a decision.
They’re, they’ve, you know, they’ve done preparatory work to that meeting and they’re deciding, okay, I’m gonna be better off with this in my life or not. Okay. And I am, so what’s the next. And so we go through the process and we get to a process called capitalizing [00:03:00] and implementing the plan. When they capitalize the plan, they’re halfway through the learning process cuz the back half has to be done live.
We’re actually doing, you know, lending to ourselves, purchasing our debt, things like that, and operating our brand new banking system. One of those things that come into play, which is very, very critical. And Seth, I’d like you to explain this for us. It’s called Parkinson’s Law. Can you tell us about that?
Seth Hicks: Sure, yeah. Parkinson’s law is living within your means and being able to stay within a conservative lifestyle. You’re not overly consumptive and you’re not, uh, just wasting what comes into your possession. That’s, that’s fundamentally it. But you probably can expand on. Further, right.
Vance Lowe: I think what we’re trying to say here is, is that they found a system, all of a sudden they’re [00:04:00] discovering something new that they haven’t heard before.
And that’s this private banking strategy that all our whole lives, we think we’re doing the very best with our money that we know how to do and to find out. We’re not only doing it wrong, but probably closer to 180 degrees wrong. It’s a little disturbing. And so we have to pick up, we have to start, we have to apply new principles.
We have to replace old thinking, with new thinking. One of our clients, recent clients going through this process discovered that, wow, I spend almost all my money. and the things I think I need every month, but the discipline’s really not there. I suspect because all of my income goes into my checking account, and if I find I’ve got extra money, I don’t like to waste it, but my [00:05:00] brain will work overtime in justifying something that I need.
Uh, to buy. And I think all of us find us in that same position. So in Parkinson’s law it says we have to do a little bit of a paradigm shift because we have to recognize that if we don’t do something, we will remain slaves to the system. Now this is shocking news for a lot of people. They don’t believe they’re slaves to the system, but they are , you know, total slaves to the system.
They have to go to work, they have to produce, they have to pay everyone else along the line in order to get a dollar in so that they can spend it. Once they spend it, they break a rule called Never spending Principle. That money’s gone forever and they right back to square one again. So we have to have a desire.
So this creates that desire. If I can do this over the next eight [00:06:00] years, and it really doesn’t hardly change anything except two ends up with the money, they create this burning desire to be able to do it. So once that desire is there, then the real change can happen and they can change and start doing some of these physical things in order.
Make those things happen. One of those things is trying to find the capital, find the money. Seth, can you address that for us?
Seth Hicks: Sure. Yeah. Sometimes Eric people go, well, I, I’m, I don’t know where I’m gonna fund my bank. Mm-hmm. , I don’t know how I’m gonna find the money. To implement this. And one of the things that, that Vance is really good at is helping people see that you don’t have to find new money.
You simply have to change who’s getting the money. Well, what does that mean? That means something like, let’s take credit card debts you and you want to restructure your debt, uh, and you’re making a high interest credit card [00:07:00] payment or multiple high interest credit card payments every month. And, um, at double digit interest rates and you’re burning through that cash just to stay above water well with ta, redirecting some of the, their payments that you’re making and minimizing a, a payment to a credit card and stacking it in your private bank till you have enough to actually what we call purchase the debt.
Purchase one of those credit card debts and put that debt into your own. Private bank, well, some people will go, well, you’re paying off your credit card. Yeah. You’re paying off your credit card with your, the money that you’ve stacked and restructuring how much payment goes to a credit card.
And then you make the same payments or you structure a debt that’s even more comfortable into your private bank. Uh, and thereby you’re not losing control of the money that you’ve made you have now. What you’ve done is you begin to collect the interest as the credit card company was [00:08:00] collecting off of you.
Now that same interest is being capitalized in your own banking system. You do that with credit card number one, credit card number two, credit card number three, and so on. Some people go, well, I don’t have any credit card. Well, let’s talk about the next step, Vance. Where might be the next place you would find money for your bank?
Vance Lowe: A lot of people mistakenly think. Pay off the loan to their car. They don’t have car payments. And I laugh and laugh, you know, and I play with people saying, you don’t think you have a credit, um, a car payment? Are you driving a car? Well, yeah. Then you can’t tell me you don’t have a car payment unless you’ve torn up your driver’s licenses because that car car’s depreciating.
We go into finding the money. How much money have you spent on cars your whole lifetime to date? , we always talk. I like to do that because they’re not expecting that. Well, gosh, I don’t know. You know. But for the average American, if they’re, in their [00:09:00] late forties or mid fifties, it’s still close to $200,000.
Hmm. They’ve spent on vehicles. So I asked the question, do you want that money back? And they go, what do you mean? Well, I’m asking a serious question. Do you want that money back or can I. And when the second I say, can I have it? Then they’re starting to think, well, wait a minute. Is there something I’m missing?
Yeah. And so, yes. Okay. You can have that back. So I’m gonna show you how you can get the money back and we always ask the question, and Eric, you’ve uh, asked this throughout many of our podcasts, who ends up with the money, the. always end up with our money, don’t they? Mm-hmm. . And no matter what we do, the banks get it, but also the banks, how do they work?
How do they make money? They make money by lending it, right? Yeah. So I put their money to work and they always [00:10:00] get it back. Well, it doesn’t end with loans. The operating capital at banks. Is also lent out. They have to pay for every single thing in that branch. That branch has to be self-sufficient. It’s always paying on a debt or or whatever else.
The money always comes back and as people start to learn the economy and the environment of what money does, we can discover we. Money, essentially more than one time. So if I put the money out, well what if I t tell myself I’ve, I’m lent, I lent this money out and the guy in the mirror, uh, for a lack of a better understanding, and a way to put this in perspective is the person in the mirrors my client, he’s living in my house, eating my food playing with my toys, my kids for free.[00:11:00]
and everybody goes, okay, so what? Well change his picture with me. , I’m in your house doing all that. Wouldn’t you want me paying for my fair share? Mm-hmm. . They go, oh, I get it. See, just because we own a business doesn’t mean we get to take from our own business or because if we did that, our business would fail.
And it’s actually the number one reason businesses fail because they’re under capitalized. That’s caused by, you know, the owners pulling out of the, their business and not paying for, the service. So we find money that way. We’ll put a car payment back in because you want the money back because banks strategy is for you to think, oh, now you’ve got that paid off.
Now you can take that four or $500 and you can commit it somewhere else. So you’re not gonna get the money back. And now you’ve [00:12:00] committed over here, and then next time you need a car, what? What’s gonna happen? You’re either gonna have to pull out principal, give it to the banks, or you’re gonna have to borrow somebody else’s money and pay ’em interest.
And the crime comes from folks. , when you’re talking about capitalization is giving up principle. This is why the successful people in the world, and we have podcast after podcast on this, so I’m beating, a drum here that you can never. Spend principle and people think and their heart fails or they just, they get a little discussable.
We can’t do that because everybody spends principle. That’s not the case. Cuz we show people how to get their money back just like banks do. If we can get your expenses back every month, you’re not spending principle, you’re putting it to work. Once they understand that process and we put that in, System that get the aha moment and now we’re back into capitalization.
Where can I find the money? ? [00:13:00] So that was kind of a long approach to getting back in the money. So it takes a physical change. We find the money now we have to discipline ourselves a little bit. To make sure the money’s moving in the right way. I didn’t have to really change anything. Seth has just told us again a few minutes ago, it’s who is ending up with the money at the end of the day?
Uh, we put So much down. We make extra mortgage payments. We make extra principle payments here and there, and it’s the absolute worst thing you can possibly do. Not only wrong 180 degrees wrong, you can’t give up that principle cause you need it in production. There’s another topic or another, uh, webinar we’ve done is, is, whether you have any assets.
A lot of people say, yeah, and then the big question is, are your assets asleep or are they working [00:14:00] for you, or are they working for someone else? That’s a big question. All 401ks, Roths, everything else, if you have accounts, All assets that are in accounts that you have to leave there. To get interest on or to get growth on is asleep to you.
You can’t use the money. You have to leave the money in the account. The people who are using your money are, are using it. They can double it every two and a half years or whatever that average is on that side, and you don’t get to share in it. So we wake people up on the other approach to show you how to do it.
So as we go through and we find the money we can capitalize, then once we capitalize, Running the system, being able to, um, take the approach of, okay, how do I do it? How do I run it? And now here’s the big difference, everybody. You don’t need a financial planner. [00:15:00] You don’t need a guru out there telling you what to do.
You’re gonna solve your own issues based upon your accounts and what you have. , there is no risk. You just wanna find out on something new, whether you can do it or not, and that’s why you might need a coach. So, Seth, tell us a little bit about how we help, uh, people in that area. Why do they need maybe a coach initially in order to get their system?
Seth Hicks: Because I think it’s such a departure in traditional financial, uh, mindset. Uh, I might even go so far to call it brainwashing with, you know, you put your money in a centralized bank it’s protected there and tongue in cheek it, it’s not protected there. And we’ve discussed that at. At length, what bell ends are, what the Dodd-Frank Act is how it provides no, uh, legitimate return.
[00:16:00] And simply you have all the risk in that system. Um, this is. Total 180 degrees different type of mindset. So anytime that you are making a mindset changes you first have to catch catch it, and you have to. Have the desire, like you said, initially to, to make those changes. Uh, and just like you would go to the gym and sometimes, you know, to make that change and get the extra 50 pounds off, you need someone there, like a drill sergeant helping you.
Uh, not that we’re drill sergeants, but that we can help point out ways that they might creatively. Implement strategies that will, uh, give them tailwind and how they get the money back and get multiple touches on the same dollar. And how they’re really not working any harder. They’re just capturing a lot more value from what comes under their control.
And so that’s kind of, it’s, it’s really philosophical. It’s, uh, you know, in, in the mind. I think sometimes that people need the help. [00:17:00] Now we’ve built out an entire learning library, Eric, which. Where we’ve essentially done a mind and data dump into video teachings and education for our clients. It’s a client’s only, uh, database where we have given them really access to no-brainer content that helps them, uh, do one-on-one consultations with us for almost nothing compared to what it would be charged on an hourly basis.
So that’s another way that we help to educate. That’s not available anywhere else. Uh, The private banking world, in the infinite banking concept world, there’s a lot of folks out there that might put people into what they call infinite banking concept, uh, structures, but they don’t teach ’em how to use it and they may not even be structured properly.
Uh, we have people coming to us all the time that are, have policies in place and that are, have been clients of other folks and they go, well, I’ve got a policy, but I have no idea how to use it. And really it’s not. You [00:18:00] know, having the policy and the structure it’s actually implementing strategies that, uh, get multiple touches on the same dollar that get your, in your cash awake as Vance calls it, and gets it really working for you.
So that, I would suggest, you know, thinking through those things.
Vance Lowe: Right. So I wanna give you an example here of a good paradigm shift that we all had to go through. Every one of us who practice banking need to do this. First of all, we’re used to putting our income into somebody else’s bank, right?
Mm-hmm. , right? So it goes into somebody else’s bank, and then we write checks off of it until the money’s gone, so to speak. And then we put more money in. Wouldn’t you rather put money into your banking system first? Of course. And you make the profits off of that, because I can tell you, and it’s [00:19:00] sickening how much banks make in profit on our deposits.
It’s unbeliev. What, what goes on and uh, the reason I say that is because it’s almost unbelievable the things that we can do with the money and the growth we can make, but we can’t cheat, uh, the banks factor, and I call that cheating. So that’s another topic as well. So we have to understand that. So we want to put all of our income into our bank.
What that means is that your banking system needs to grow. Until you can put a hundred percent of your annual salary into these life insurance contracts. Now that can’t be done, at the beginning normally. Nelson says in his book, it takes, you know, an average of about 20 years to get to that point.
But this is long-term strategy. This is a way of life, and the whole purpose of this [00:20:00] is to have this perpetual, to move this down to our children, our grandchildren, and so far. So we want to make sure that, uh, we found the capital, now we’re gonna capitalize. We’ve capitalized. Now we’re learning and running the system by doing, and every time something comes up, I wonder if I can do this strategy with this.
I wonder if I can do that. You know, well there’s the Vance is there there’s Seth out there. There’s people out there that you can bounce that off of it. And one of the best question. That I get, and I look for these constantly. Somebody asks me a question and I have to tell ’em, I don’t know. Let’s find out.
Voiceover: Do you see yourself in that story? Do you feel like you are generating a lot of [00:21:00] revenue but are not moving forward as fast as you would like? Are you ready for help? Please call private banking strategies at (817) 200-4777 or visit us at www. Private banking strategies.com
Vance Lowe: Because it is infinite. The possibilities and the angles and the things that you can do with your own system is incredible, folks, it’s just amazing. So, We want to make sure that we’re always learning, and the best way that we can learn and be positive is to rub shoulders with people who are doing it. We have meetings, we have webinars.
We have this learning center. We have all kinds of things [00:22:00] available for people to bounce ideas off of, so we want to be able to do that. I want to introduce something that every new client should purchase especially if they have kids, but even if they don’t any Seth. Um, do you know the game Cash Flow by Robert Kiyosaki?
Yes, I sure do. Real estate, can you explain that a little bit to our listening audience? No, I’d rather you do it .Sorry. Sometimes I’m setting you up. I’m sorry. Kiasaki, everybody knows this guy, rich Dad, poor dad. You know, he is in real estate. He’s multi, multi millionaire, billionaire, and he’s about to get rich all over again.
That was his last, uh, one of his last shows that he had because real estate’s starting to tank again and he’s in a position to buy it when it gets low enough. Okay? [00:23:00] But he developed. A strategy. This is what he was taught. This is why he understands the flow of money. And so he created a game and he’s proud of the game, so you gotta pay for it.
It’s not the cheapest game on the block, but there’s two versions. There’s the children’s version and there’s adult version. But either one of ’em for the family is absolutely fantastic. It teaches, it Force teaches you the flow of money in a game that you’re having fun with. and there’s what’s called the rat race.
I’m not gonna really go into much more than that, but the whole thing is discovering how you get out of this rat race. Because once you get out of the rat race, then your wealth multiplies. The things that Seth was telling you earlier, the things that we can do with our payments when we do the laddering effect, it’s exponential compound.
When we can use a dollar over again and we take those [00:24:00] dollars that’s coming in from payments, this is what banks do. It’s based on the volume of return. Uh, so the monthly payments that come back in on the loans is that volume of return, and that’s a return of dollars used out. So what do you do with those dollars?
See, in the past we didn’t have, well, number one, most people don’t have any dollars coming back. They don’t have any passive income or dollars coming back. Those dollars can then be reused to buy more debt. This is why, and one of the secrets of our eight year analysis, nine times out of 10, and this is about right, nine times out of 10.
People are completely outta debt. Their mortgages are paid for everything, and they didn’t increase, they didn’t change anything except who gets the money. If the money comes back and can be reapplied along with the normal [00:25:00] payments and it’s a multiplying effect. Capitalizing this type of strategy is totally life cha changing.
Okay. So we would encourage people to find out about the game cash flow. Okay, Seth, we, one of the most critical things we can do is not wait procrastination. Why is that?
Seth Hicks: Well, the procrastination touches on compounding growth and we teach about this all the time. The compounding curve has the most.
Steam the most parabolic increase at the end of the cycle, not at the beginning. So when you procrastinate and you don’t do it this year and you don’t do it next year, you’re losing the doubling at the end of that compounding curve. We’ve talked about how, uh, A penny compounding every day over 30 [00:26:00] days goes to five, over $5 million.
And in the illustrations that we’ve, uh, presented in some of the prior podcasts, just the past few, uh, you look at the compounding growth at the end of those lifetimes at retirement age, and they go they’re literally increasing from one that we did. Was at age 40, the cash value is worth about 900,000.
Age 50. It goes into multiple million and it just keeps on growing and growing so fast that the earlier you start, the more power that you’ve got in that One that was impressive to me. The illustration of starting a policy, it was a $2,000 capitalization of a bank policy on a newborn, and they did that for 22 years and the end of the lifetime growth, they were pulling out almost a quarter million dollars at retirement age, and they did nothing.
This. Child as infant did nothing. So you think recapitalize a policy with that minimal of an amount [00:27:00] and have that big of an effect. It’s all because of compounding growth, and that’s why you don’t procrastinate.
Vance Lowe: So folks, it’s absolutely critical in, in our little book, uh, Seth will tell you about this in a second.
We talk about a penny being doubled 30 times going to over 5 million. If you lose, if you wait one day and only have 29 days, you lose half of that. Remember that you’re gonna lose the biggest. Portion, because you’re always gonna start with the day one, but you’re never gonna have day 30 if you procrastinate.
Okay. So that’s absolutely critical. We wanna review, uh, tell people to always, if we’re making this commitment to learn this strategy, uh, I have on my refrigerator, I have on my mirror, my bathroom when I shave in the morning. Learn something new about this [00:28:00] strategy. Find something new that will put a smile on your face.
Folks, there’s so many things. And topics and individual points that we could go into car financing, this and that and the other. They’re all in different podcasts. We’ve covered most of them, but we didn’t ever really focus on the capitalization part and why that’s so important, why we want to do that.
And anybody, absolutely, anybody in any circumstance can switch to this strategy. If we can obey Parkinson’s.
Seth Hicks: That, that’s one of the qualifiers, Aric, that we’ll often say is, do you spend more money than you make? And if the answers well, yes, then we can’t help you. You have to live within your means and be able to capitalize your bank with what’s coming into your, to your hands.
But I mean, the capitalization of your private banking strategy, uh, [00:29:00] people that are totally in. Like I said, with credit card debt and auto debt and other things they can find their way out with this system. And we, uh, Vance likes to tell a story about a chiropractic family that came into his office many years back and was overwhelmed with debt.
They, for at the end of their. Rope, they’re about to file for bankruptcy. And Vance laid out an eight year plan for them that helped them not only, uh, crawl out of debt they skyrocketed outta debt and got into the black and started acquiring more chiropractic offices and in less than 10 years, and it was five to eight years and they were soaring and they were so, consumed with debt that they thought they would never be able to implement it.
And we’ve, you know, there, the stories go on. There’s been folks with, you know, have a minimal $5,000 policy that have parlayed that into real estate investment and got their cash flows increasing and expanded their systems and have you know, seven figures worth of equity and assets behind them.
Now, [00:30:00] just from getting the money back and not working any hard. Mm-hmm. .
Aric Johnson: All right, gentlemen. I mean, this is, again, there’s so much information. I know that you have tons of resources and we couldn’t cover everything in today’s podcast. We can’t cover everything in every podcast, that’s for sure. You guys always introduce something new to the audience.
So Seth, tell him more to go to get more info.
Seth Hicks: Sure you can find us@privatebankingstrategies.com. That’s private banking strategies.com. And on our website we give you, uh, a free book offer called What the Banks Don’t Want You to Know. And you can listen to that or you can read it. And in exchange for that we’ll get your email.
You provide your email and we’ll give you, uh, educational, nurturing emails that explain the concepts and give you opportunity to just learn more. And then of course, we’ve got this podcast, uh, Aric, on the website that’s available. It also comes out another, uh, forms of media that if someone has an a preference in.
Uh, platform that comes in about every [00:31:00] platform imaginable. So you can listen to the podcast at your convenience and you can learn on what we’re teaching and whether it’s right for you there. From that point, the next step is to schedule an exploratory call. If you’ve read a book and you’ve listened to some podcasts and it’s resonating with you you’re you wanna learn more.
You schedule an exploratory call with Vance, and then ultimately you put your own your, your own circumstances, uh, to the test in a system or into a plan that’s called the eight year plan. You take it on a test drive, as Vance says, and you learn how this strategy will work in your life and with the assets and the debt that you have in your personal.
Situation and so that you can actually see, and then that eight year roadmap serves as a step-by-step plan for you that you know, that you can follow. And that serves as a a guidepost for you. that’s the process.
Aric Johnson: All right. Fantastic. Guys, again, thank you so much for your time today.
Seth Hicks: Thank you, Aric. Thank you. You bet.
Aric Johnson: And our [00:32:00] last thank you goes to your listening audience. Thank you so much for tuning in and listening to the Private Banking Strategies podcast with Vance Lowe and Seth Hicks. If you have not subscribed to the podcast yet, please click the subscribe now button below this way.
When Vance and Seth come out with a new podcast, it’ll show up directly on your listening device. We humbly ask that you share this podcast, write it, and leave a review as this actually does help others find the show. Again, thank you so much for listening today. For everyone at Private Banking Strategies, this is Aric Johnson reminding you to live your best.
Every day and we’ll see you next time.
Voiceover: 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 call private banking strategies at (817) 200-4777 or visit us at [00:33:00] www.privatebankingstrategies.com.
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