[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.
[00:00:48] Seth Hicks Esq.: Welcome to Private Banking Strategies Podcast with Vance Low and Seth Hicks. Hi Vance, how are you? I’m doing wonderful, Seth, how are you doing today? Doing great. I’m excited about this, [00:01:00] uh, podcast we’re doing today. We’re gonna talk about some frequently asked questions about private banking strategies.
[00:01:07] Seth Hicks Esq.: So these are routine questions that people have that I, I think, will provide a lot of value and help educate listeners into how to maximize private banking strategies. So often we’re asked, can you put a lump sum? Into a private banking strategies contract. Can you do that?
[00:01:29] Vance Lowe: You know, I’m so excited about that.
[00:01:31] Vance Lowe: We get that question all the time. There are people out there who have started hearing about a better way to store their safe money and a better way to use money than what they think. They should be doing. And so everybody’s questioning what’s going on with government, everything else, banking and this.
[00:01:55] Vance Lowe: And so some of the top questions, this is one of those top [00:02:00] questions, is how fast can I fund money into these contracts? So can I super fund them? Can I dump money in, can I, you know, how quickly can I do that? The answer to that question is absolutely yes, you can Superfund. And you can dump in money into these contracts, but under a guideline, and it depends on what the goal is for that money.
[00:02:27] Vance Lowe: If we break the rules going in, it will create a modified endowment. Will that make you worse off than you are today? No. You’ll still be much better off. Okay. But it is the best way to go. Maybe not. Maybe if we can stay on the right side of the fence of those rules, we could probably enjoy much more privacy.
[00:02:51] Vance Lowe: No reporting and no tax issues at all. Right? So yeah, I think we can do that. I think what we ought to do is [00:03:00] maybe go into a little bit more depth, maybe give an example or something, because this is a pretty hot topic. Sure. Well, when we talk
[00:03:07] Seth Hicks Esq.: about safe money, I mean it opens up a whole Pandora’s box with regards to where’s the best place to store cash.
[00:03:16] Seth Hicks Esq.: And we’ve talked about this many, many times and we’ve got a lot of resources on it. And you can’t help but address the, the safety or the lack of safety in centralized banks. So in 2012. Under the Obama administration, the Dodd-Frank Act was initiated and enacted into law. And that piece of legislation effectively treats your deposit into a centralized bank like Wells Fargo or Bank of America or Chase, JP Morgan, chase, or, uh, any of the, of the other centralized, uh, banks as their deposit, their cash.
[00:03:59] Seth Hicks Esq.: And [00:04:00] you have a right to access it. So long as they don’t become insolvent, and if they become insolvent, they effectively can bail in on your cash. And so the next line of of thought that people always have is, well, what about FDIC insurance? Doesn’t that guarantee my deposit up to $250,000? Well, it does on paper.
[00:04:23] Seth Hicks Esq.: How good is the paper that that promise is written on? When you analyze what the FDIC is worth? On its best day, it may be a hundred billion dollars. There are $20 trillion in cash deposits in American banks. A hundred billion in FDIC insurance will not cover. $20 trillion in cash deposits. Needless to say it’s a penny or less, depending on what the, the real value of the FDIC uh, is.
[00:04:54] Seth Hicks Esq.: The only way that they would be able to make good on that promises is for the, uh, fed Reserve to [00:05:00] print $20 trillion worth of. Funny money and that would tank the entire economy. So as far as safe money goes, putting your money, your cash money into, uh, whole life insurance contracts, properly structured is one of the safest places it can be on, on earth.
[00:05:20] Seth Hicks Esq.: And in the right states it’s actually protected by law from creditors. So there, there are numerous states generally in the South that protect. The cash per in these policies unlimited. So you could have $50 million in cash value in your life insurance contracts, and it’d be completely protected from creditors.
[00:05:40] Seth Hicks Esq.: But that doesn’t even take into account Vance. The, the fact that when you put your money in, uh, uh, a centralized bank, they, they effectively pay you nothing. And they make a ton of money off of you because of what’s known as derivative lending and fractionalized lending. So they take your a hundred thousand dollars that [00:06:00] you deposit there and they take 90 of it and go make other loans.
[00:06:04] Seth Hicks Esq.: Uh, and they have a 10% reserve or less depending on how big a bank they are, and they make a whole lot of money on your 90,000. They don’t pay you anything. In fact, they probably charge you fees. Fees for bank wires, fees for a CH. Fees for too little of a deposit, maintenance fees for this, fees for that, which effectively makes it a negative interest rate.
[00:06:25] Seth Hicks Esq.: But when you have it in an insurance contract that’s properly structured, you’re actually making money on that average four to 7% a year compounding. So when we talk about safe money, you have to analyze those, those aspects of what I just described. I mean, you can’t make that in a cd. You can’t make that in bonds or money market accounts, four to 7%.
[00:06:50] Seth Hicks Esq.: You’re only gonna find that type of availability in the life insurance and it’s guaranteed.
[00:06:56] Vance Lowe: Well, back in the day when, uh, [00:07:00] life insurance companies were the banking equation for the average American family. The returns and the gains in these life insurance contracts far exceeded the stock market. Purely safe.
[00:07:15] Vance Lowe: These are contracts, these are written, these are not assumptions. The only part of the assumption in a life insurance company would be the profits annually, and we only deal with companies who have never not paid a profit in their entire existence of over a hundred years. When we’re talking about safety, Seth, you know, Seth mentioned that the life insurance industry is safe.
[00:07:39] Vance Lowe: They’re grandfathered in the Dodd-Frank Act. If they use their cash value reserves and they put that in a bank, they have a special dispensation where that always has to stay in cash reserves. They can’t. Fractionalize away [00:08:00] this cash value in those accounts in those banks, because that money has to be their life.
[00:08:06] Vance Lowe: Insurance companies have to be all, all times, a hundred percent of the time, fully cash reserved to cover all of their life insurance cash values. Okay, so back in the day when banks first started, they had to compete against the life insurance business because the life insurance had all the money. And so they came in to schools and every place else to educate or brainwash, however you wanna put it.
[00:08:36] Vance Lowe: That the banks were the safe place to put it, and they were going against a very bad history because banks were robbed right and left as they were starting up. The more banks that were there, the more robberies that occurred. Bonnie and Clyde and you know, all of these bank robbers out there that were robbed banks, and so the money just wasn’t as safe, so they had to come [00:09:00] up with an insurance.
[00:09:01] Vance Lowe: FDIC, they had to come up with a way to compete to get more money. And so the interest that they offered in savings accounts and their checking accounts were above 5%, six, seven, 8% depending on how long you had them. And this is what’s called yield folks. Yield means money put into your account. That cannot be reversed.
[00:09:28] Vance Lowe: The stock market has to be average rate return because there are no yields unless you’re doing, you know, this type of account in the market where. The, you know, the value of that account will fluctuate. Stocks fluctuate every day. Mutual funds fluctuate every day. You have no idea what the earnings are really going to be.
[00:09:51] Vance Lowe: Banking doesn’t work off that. Banking works. Off of 10 years from now, this account’s gonna be worth X, and that’s [00:10:00] exactly what it’s worth. Or more depending on the profits. So, you know. Ahead of time what your future values are going to be, and this is where the banks keep. Their safe money
[00:10:16] Seth Hicks Esq.: banks actually keep their safe money in the life insurance contracts, and we’ve talked about that in previous episodes about the annual premiums that banks pay and for life insurance policies.
[00:10:29] Seth Hicks Esq.: And the reason being is ’cause there’s no market risk or loss, and there’s a guaranteed predictable growth that’s many times higher than any other place to place your conventional safe money.
[00:10:42] Vance Lowe: Now if you want to go get a loan at a bank, how hard is it?
[00:10:47] Seth Hicks Esq.: Of course, there’s rigorous loan application processes for most collateralized loans, and contrast that with accessing cash value and the life insurance contracts, [00:11:00] there’s effectively no qualification because you’re the lender.
[00:11:05] Seth Hicks Esq.: Yeah, you’re able to access that cash value,
[00:11:08] Vance Lowe: so you have to disclose to, to a a, a bank where you may have a whole lot of money, your business and all your accounts. You have to bring in tax returns. You have to bring in everything and co. You gotta collateralize. The banks don’t stop when they’ve got enough collateralization to cover the loan you’re asking for.
[00:11:30] Vance Lowe: The banks want total control, so they’re really not happy even at a hundred times. That collateral. Oh, well we’ve got this, but we need you to sign over your inventory for your business. We need you to sign over all of your machinery, all of that in order to cover this $25,000 loan. They want it all. They want control of your personal affairs.
[00:11:55] Vance Lowe: They want control of everything. So it’s very, very hard at [00:12:00] times, especially when money’s tight, interest rates are going up to get loans, because when they find a hiccup, they want you to disclose, oh, well there was this six years ago. Why did you have that? How have you solved that? Like Seth said. With a insurance contract, you are an owner of the life insurance company.
[00:12:21] Vance Lowe: You get special privileges when you call up and you want to borrow money out of your account. That’s how we use money from our cash value. We borrow it so we can put it back. So that’s an in and out transaction. That was virtually the banking equation. So we would borrow money. We don’t borrow our own cash value.
[00:12:41] Vance Lowe: We borrow the cash reserves of the life insurance company against. Our cash value, that’s a plus because our cash value stays there and earns the guarantee. Now we pull money out and we can put it to work or purchase something that we can finance back into our policy and use [00:13:00] money over and over and over again, just like the banks do.
[00:13:04] Vance Lowe: The banks always get the money back. We can always get the money back by using our contracts. They only ask two questions, Seth. The two questions are, how much do you want? Where do you want it sent? That’s it. No payback, no timeframe, no wire. Do you need to use the money? Nothing like that,
[00:13:27] Seth Hicks Esq.: right? And the, the flexibility that the, the policies offer are really unbeatable.
[00:13:33] Seth Hicks Esq.: And so that’s, uh, much. Different than 4 0 1 Ks or IRAs or other government sponsored retirement plans that a lot of folks have and where they have all sorts of strings attached to ’em. You can’t access your money before you’re, uh, 59 and a half without penalty. You have to access it after you reach a certain age or you’ll have penalties and you’re gonna be taxed on it no matter what.
[00:13:59] Seth Hicks Esq.: And [00:14:00] that kind of brings us into one of the follow up FAQs that we’ll get into, which is, you know, what’s the taxation on those? Can you, when can you roll over a 401k into a policy? Or can you access that cash there and put it into a better place?
[00:14:16] Vance Lowe: There’s another advantage of using your cash value, being able to borrow it out.
[00:14:21] Vance Lowe: And, and put it to work. And we show people, we actually have people put their numbers into our system and we show them what can happen over an eight year period of time, and we show how. Getting the money back and reusing it over and over again can work in their advantage. And one of the topics we’ve got here as a solution for our number one question is debt consolidation.
[00:14:51] Vance Lowe: It’s funny, but the average American has more than six credit cards, and the average American has more than $45,000 [00:15:00] in debt on credit cards. Just trying to manage those is a nightmare. And then you add cars and you add, you know, student loans, you add all kinds of things. It’s mind boggling if we organize that.
[00:15:14] Vance Lowe: We put all of our money to work for us instead of someone else. And that’s another topic. Who’s the money working for you or someone else? If you get it working for you, you buy debt and then you switch the payments. You still make the payments to pay everything off so that money comes back in. But we start buying the debts with that volume of payments called volume of return on money at work.
[00:15:40] Vance Lowe: So if I put $10,000 to work and my payment, I, I bought a, uh, car loan, the remainder of a car loan, and their payments were $500 a month. The volume of return is the annualized payments or $6,000 divided by the money at work. The money we had to come up with to buy the debt, that’s a [00:16:00] 60% volume rate of return.
[00:16:02] Vance Lowe: I don’t know about you, but that’s high enough for me. Okay? That’s a large volume coming back in your control. That’s $6,000 every year. Could buy more of your debt. People are just unbelievably astounded, but they know that it’s true. ’cause they see it month by month until it happens. How they purchase their mortgage in five years and they didn’t change the payment, right?
[00:16:30] Vance Lowe: They didn’t change how they live. They didn’t save extra money to change their lifestyle. All they did. Change who gets the money and this system sets you up to be able to do that. Debt consolidation is a
[00:16:44] Seth Hicks Esq.: beautiful
[00:16:45] Vance Lowe: way to
[00:16:45] Seth Hicks Esq.: do that. Absolutely. And one of the fascinating features of these non-direct recognition policies is that the money in your policy continues to grow as though you never touched [00:17:00] a a dime of it.
[00:17:02] Seth Hicks Esq.: You’re actually using that cash value to pay off other debt, and it’s growing inside your policy compounding year after year with no taxable event whatsoever. And that gives you what’s called the velocity of money, the ability to have multiple touches on a dollar and use it in multiple places at the same time.
[00:17:20] Seth Hicks Esq.: There’s no other instrument that you can do that with.
[00:17:24] 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.
[00:17:42] Midroll: Are you ready to take action and get your own private bank? Please visit us at www.privatebankingstrategies.com.
[00:17:54] Vance Lowe: But this education was taken away so. All of these things that we’re talking about now [00:18:00] used to be had from kindergarten through master’s degree on how to set up your own private economy, run your home, your family affairs, like a business, like a corporation for profit.
[00:18:13] Vance Lowe: We don’t hear that anymore. We don’t do that. Everybody’s discouraged not to do that so that they fall victim and become slaves to the system. Whenever people give up principle, which is your take home money, you become a slave to the system. To have to replace that money, you gotta work for everybody else, for you to net.
[00:18:33] Vance Lowe: What you bring home, we all fall prey to herd mentality. If everybody’s doing it, it must be right. Well, folks, our podcasts are full of trying to make people aware that the herd mentality is wrong. It’s dead wrong. It’s failing, but they’re failing with company. So as long as they can commiserate with each other, they think it’s okay, or it’s the [00:19:00] mentality that if enough of us keep doing the wrong thing, it will become right.
[00:19:05] Vance Lowe: And look what’s happened to government. Everything is turned upside down. Good is bad. Bad is good, right is wrong. Wrong is right. It’s just the way of of life here in America now. But in a 401k, it. Was designed to take control of your money, to take it away from you and put it in the control of the people who have the money so that they could double it every two and a half to five years.
[00:19:34] Vance Lowe: I search high and Y for a 401k to grow like that. And unless it’s in, you know, exotic or real estate or something that people are highly leveraged, they can never do that in that amount of time, especially through an employer. Owned 401k. We don’t even own these accounts folks. We don’t own 4 0 1 Ks or IRAs.
[00:19:56] Vance Lowe: And the control is just like Seth said [00:20:00] earlier, is that they mandate how you can touch it, how you look at it. They know how much it is. They’re always aware of what this account is. And I believe that I had articles. Back when Obama was first put in, it’s called the Nancy Pelosi bill. It was a confiscation bill to be able to access all ERISA owned contracts to shore up social security.
[00:20:28] Vance Lowe: Once that was passed, we don’t hear, we’ve not heard how bad and how tenuous the situation is with Social Security, with kind of a Ponzi scheme. They’re relying on new tax revenue coming in. To pay out social securities instead of using what they’ve collected over the years. So they’re very, very much in control.
[00:20:52] Vance Lowe: They hinder professionals from helping people move out of these things. They don’t want [00:21:00] anyone, if you read the law, the SEC rules in the federal government. A professional is almost prohibited to tell somebody or show someone how to roll over and get out from underneath this. So because we’re in it, we’ve gotta pay the maker when we go into.
[00:21:20] Vance Lowe: This banking, we want ourselves free and clear of government. We don’t want government ties. If you were to roll this into that type of a contract, nothing changes. They get total control of that contract. Okay. Tax wise, everything. The question is, are taxes going up? Or are they coming down? I have not in 30 plus years ever heard anybody tell me that taxes are going down, and yet they think they’re getting an advantage by paying today’s tax rates or saving today’s tax rates to pay a [00:22:00] higher rate later on.
[00:22:01] Vance Lowe: The only way they possibly could pay a lower tax rate is if they fail. I think in the back of everybody’s mind, that’s what they think’s gonna happen. We’re not gonna really have any money, so the money we pull outta here will be taxed very little. But I tell you, one of the biggest, irritating things in managing assets for clients was every time they turned around, they had to pay taxes.
[00:22:24] Vance Lowe: Every time they pulled a little amount out here, they had to pay taxes on it, they had to report it, blah, blah, blah. Over and over and over again. One of my best friends, that’s all he complains about today, is that every time he uses money, he has to pay taxes. So folks, let us show you a way to move 401k or RA money into.
[00:22:47] Vance Lowe: This strategy into this type of a situation with the least pain possible. And you’ll immediately be able to see how fast you make the tax money back as [00:23:00] if it, it never was gone. That’s another thing, Seth, but if someone says, I’ve got a $800,000 401k, I’ve got a million and a half dollar, 401k, I’ve got a $3 million, 401k.
[00:23:12] Vance Lowe: Do they have $3 million or for whatever the amount is? No. If they’re under age 59 and a half, the only money that they are entitled to is the after tax and after penalty money. So about 55 to 60% of that total is all that they get to walk away with. They solve their future planning on the million or the total amount and everything goes wrong and everything gets eaten up during their lifetime.
[00:23:44] Vance Lowe: So folks, there was a comment made by the guy who invented 4 0 1 Ks. What has he told us and what’s the advice today for everybody?
[00:23:56] Seth Hicks Esq.: The father of the 401k has come out in [00:24:00] recent years and described it as a monster and moved. His own money out of those vehicles into life insurance contracts and for all the same reasons that we’re we’re describing because you don’t really have any control of it.
[00:24:17] Seth Hicks Esq.: The money that you think is yours is not your money, and you’re gonna be taxed. When you try to access it, and you may be heavily penalized depending on when you need it, you’ve got no flexibility, no liquidity, no control, and that’s why we wanna show folks how to move that money into a life insurance contract where the taxes that you do pay for accessing it and any penalties that you may incur, incur are swiftly.
[00:24:44] Seth Hicks Esq.: Swallowed up by the gains you make in the compounding annualized growth in a tax-free economy, in a truly tax-free economy and where you have access to it. So it’s like comparing apples and oranges. It, it usually takes some working through the [00:25:00] numbers to help people see. Uh, through the illustrations, how they’re going to benefit from that.
[00:25:06] Seth Hicks Esq.: But once they see that, it’s a no-brainer.
[00:25:09] Vance Lowe: Yeah. We have dealt, especially myself for 40 years almost in dealing with this problem for clients how to get the best value and growth. So on the 4 0 1 Ks, folks know that is a ticking time bomb. Know that you need a strategy to get out and get out today if you can get out and pay today’s taxes.
[00:25:35] Vance Lowe: I don’t know if people were privy, but there was a, a vote in Congress. I don’t know. They kept it hush hush. But the minimum tax rate was gonna be 34% and it was just unbelievable amount of taxes in that. So hopefully SANE mines prevailed and they, uh, shot it down. And it came from the Biden administration was the new [00:26:00] tax policy that they wanted enforce by.
[00:26:03] Vance Lowe: The end of the year, so they haven’t said anything, so I don’t know whether it passed and they’re waiting to drop the bomb or whether it failed.
[00:26:12] Seth Hicks Esq.: Let’s shift into another commonly asked question about private banking, and that’s how can the private banking strategies protect you from coming tax tsunamis?
[00:26:25] Seth Hicks Esq.: And a lot of times it. People we analyze, are taxes gonna go higher? Like you just intimated, you know, 34% lower rate, uh, tax bracket seems absurd. Or they’re gonna, they’re gonna go lower with a $35 trillion debt and increasing parabolically with the printing of money. There’s no way that taxes can’t go higher.
[00:26:49] Seth Hicks Esq.: The question is, how do you, where do you find a silo to protect yourself from that? And, and how do you do that?
[00:26:56] Vance Lowe: And, and we’re trying to present that this is [00:27:00] a strategy that made America strong and powerful, and it was taken away from us when the Federal Reserve was born, when they mandated the IRS, we didn’t have the IRS before the Federal Reserve was born.
[00:27:14] Vance Lowe: We didn’t have social security taxes and we didn’t have the mandate on education like we’ve had to completely eradicate. Money, ideas, independence, and, and instead they put in socialistic and communistic programs all through school, all the way up through master’s degree. It’s all about the group and folks you need to find out about this stuff.
[00:27:40] Vance Lowe: If you haven’t read some detail, find on the internet stuff that is correct, the nelson nash institute.org. Is the perfect place because this is where everything was originated. So it’s important that as we hear things, we act with this [00:28:00] question, how to avoid the taxes. If your assets are held in the safest place on the planet, it doesn’t matter what taxes are gonna do, as long as you got in there the right way.
[00:28:11] Vance Lowe: You know, after tax money, you can grow accounts. These accounts are not reportable. The insurance companies do not report the growth, the results, the loans, or anything else on these contracts unless we’ve broken a rule and they become a, become a modified endowment and they are traceable. So let us show you how not to have that happen, Seth.
[00:28:38] Vance Lowe: I think people don’t understand, and everybody’s always worried, can I retire? It used to be, well, when I retire, will I outlive my money? Now the question is, can I even retire, let alone outlive my money? How would you like to be in a economic environment, your own economy, where [00:29:00] you start at x and. Have a lifestyle change.
[00:29:04] Vance Lowe: ’cause I personally don’t believe in retirement. I believe that it’s, it’s a change. We don’t go out of production. No town ever quits. Ever retires. And that’s what we have to become, like, have us worth X amount of dollars when that happens. And then when we check out, when we die, it’s three times greater.
[00:29:25] Vance Lowe: It’s not less. It’s more that we pass on to our immediate and extended family and they have access to that money and can sell finance and grow it another three times, another four times greater.
[00:29:39] Seth Hicks Esq.: Right. Well, with market-based retirement accounts, you’ve got that risk. And that unknown of what your retirement will actually be when you need it.
[00:29:51] Seth Hicks Esq.: And you also don’t know what the tax rate is gonna be on, on that nest egg when those days come. You don’t know with any degree of certainty because it’s [00:30:00] impossible to predict. And as our national debt grows, the taxation will increase and it’s really a ticking tax time bomb. You’re sitting on a tax time bomb, but when you implement the life insurance contract strategies, you’ve got a tax free economy where you do know you have predictable growth on four to 7%.
[00:30:22] Seth Hicks Esq.: Annualized compounding growth, and you can withdraw a retirement stipend that you structure based on a known number with no taxable event. So you’re not gonna have to pay any taxes. And you can predict exactly to down to the month what your value will be, and you’ll be able to access that with with clear
[00:30:45] Vance Lowe: planning.
[00:30:46] Vance Lowe: One of the things that always amazes me is that with people who do investing in the stock market, oh, we had pretty good results. Stock market’s doing this. It’s predicted to do that. The stock market wouldn’t even be here [00:31:00] at the time Obama was put in. If the government didn’t add to the stock market, they had to actually fund over almost a billion dollars a day.
[00:31:12] Vance Lowe: To keep the stock market alive, the stock market to me is completely false. The whole system, you know, is designed to make the brokerage houses the stock exchanges money at the expense of an investor. One investor cannot make a profit unless an opposite investor loses money, and he not only loses what the investor makes, but he loses all the fees.
[00:31:42] Vance Lowe: On top of that. So it’s never been a win-win situation in the stock market. It’s never been a fair situation, and especially now it’s totally counterfeit because remember it was just a, a couple of weeks ago, the stock market really took a dive. [00:32:00] The only reason it came back was the billions of dollars the government threw back into the stock market.
[00:32:06] Vance Lowe: To profit it back up. So that’s not a place I’ve had to even go and, and invest in since I’ve learned about the strategy to double money every two and a half to five years.
[00:32:19] Seth Hicks Esq.: Is it too late or am I too old to start a private banking strategies policy?
[00:32:26] Vance Lowe: Seth will tell you guys about a book we authored and it tells a little bit of my story getting into this.
[00:32:33] Vance Lowe: I’m always searching for good sound money practices and uh, I read a book by r Nelson Nash called Becoming Your Own Banker and it clicked, it was correct and one of the first questions I asked ’cause I called the very next day. Nelson Nash’s office and I actually got to talk to him and that was the question I asked.
[00:32:56] Vance Lowe: Am I too old? I was [00:33:00] 54 years old, clear back then, and he laughed. And he came back and said, look, I’m not laughing at you. I wanna laugh with you. Anyone has the same opportunity whenever they start as anyone else. The older people just don’t have quite as long. And, uh, Seth and I have, have, have shown people the time value of money and how money doubles.
[00:33:26] Vance Lowe: And in Nelson’s book, and we’ve done podcast after podcast, you’re always gonna start on year one. If we procrastinate, that’s our problem. I got extremely angry and frustrated that I didn’t know about the strategy, and I was a money manager for 37 years before I found out about it. I was very angry. Look, where was this?
[00:33:46] Vance Lowe: This could have made the difference not only for myself, but for all of my clients because in this situation, they will always win unless they steal from themselves. That’s the only way they can lose. They steal from [00:34:00] themselves. They don’t pay back what they’ve agreed to do. And I’m angry about it. You know, who’s to blame?
[00:34:07] Vance Lowe: And so he started teaching me and it was just amazing all the way through. I understand now. Our world is corrupt. They’re trying to take over. They’re trying to do this. So folks, do yourself a favor. You’re not too old. It doesn’t mean the policies have to be on you. These contracts can be on anyone. You have insurable interest.
[00:34:31] Vance Lowe: If we’re older, we’re in our seventies and eighties, we can put contracts on our grandkids, we can put contracts on our kids. I leave like to leave the kids alone because I want them to do their own, but I’ll go to the grandkids and I’ll start teaching the grandkids. This strategy helped financing their bicycles and their iPads and their phones and stuff on their own through an allowance before they’re able to work to [00:35:00] teach them the concept of self banking and financial independence.
[00:35:05] Vance Lowe: So you’re not too old. Seth, I’m sure you’ve got a few more comments as to why we’re not too old.
[00:35:12] Seth Hicks Esq.: You’re never too old, and some of it relates to the seven pillars of private banking strategies, which you can see articulate on our website@privatebankingstrategies.com. That includes asset protection, financial privacy, velocity of money.
[00:35:27] Seth Hicks Esq.: It’s not always about insurability at. An elderly age, many people start these policies within, you know, five to 10 years of retirement. So because they’ve got a predictable known value and there’s no taxable event on withdrawals, the money in and the money out is, is all in a tax-free economy, uh, pursuant to internal revenue code 77 0 2.
[00:35:51] Seth Hicks Esq.: So, and it’s also a way to create legacy waterfall wealth. From one generation to the next. So it, it’s [00:36:00] actually, the sooner that you get started, the better. And folks that have policies from the time they’re children, the, the values that accumulate, the cash values and the death benefits are truly, uh, mind blowing.
[00:36:12] Seth Hicks Esq.: But for all of the various other reasons that we articulate in the seven pillars of private banking strategies, it makes it a, a, a perfect place for people of almost any age to engage in that structure.
[00:36:27] Vance Lowe: Yeah, Seth, I think we’ve also done a podcast on the perfect investment. If you were to list everything you would want in an absolute perfect investment, this is what we’re talking about here.
[00:36:38] Vance Lowe: These contracts are the perfect investment and have everything in that category, everything that we can think of on the positive side. So if you’ve never looked at these things before. You owe yourself. Please don’t just always be looking. Find out if this will work for you. We have a way to take a [00:37:00] test drive here.
[00:37:01] Vance Lowe: Folks. You may not be hurt anywhere near as bad as our kids are. Posterity are gonna be if they inherit a world the way it’s going now.
[00:37:12] Seth Hicks Esq.: Yeah, I, and that speaks to the legacy wealth creation from one generation to the next. Uh, and many of our families are strongly motivated by that. And you can create a tax free wealth transfer from one generation to the next with oftentimes more money than you can create in your own business or in your own annual accumulated wealth.
[00:37:35] Seth Hicks Esq.: So it’s a very powerful tool. And folks, you can find, uh, all sorts of resources on our website@privatebankingstrategies.com. And if you haven’t been there before, you’ll find an offer for a book that Vance and I, uh, authored, secrets that Banks Don’t Want You to know. And that book offer is available to you when you put your name and email address in, and we’ll make.
[00:37:58] Seth Hicks Esq.: The book available [00:38:00] by audio version and PDF and we highly encourage you to read, read, or listen to that book. It’s got a lot of valuable nuggets in there. And listen to some more podcasts that are also all free on our website. Under the resources tab. We’ve got almost a hundred, uh, podcasts as of the date of this recording, which address almost every topic, uh, that is associated with private banking strategies.
[00:38:23] Seth Hicks Esq.: If our book and this podcast and other podcasts resonate with you, schedule a. Exploratory call with Vince and he’ll have a link to his calendar through an email that we send out to you, and you can, uh, schedule that exploratory call and take this on a test drive and how it it applies to you personally and your family.
[00:38:43] Seth Hicks Esq.: So we sure appreciate you joining us and look forward to having you join us again. Thank you everybody. Thank you, Vance. Any closing remarks?
[00:38:52] Vance Lowe: You know, it’s just a pleasure to be able to talk about this. I love this topic. I get to watch families turn [00:39:00] their monetary situation completely around and always be, uh, successful.
[00:39:05] Vance Lowe: Here, you have a chance to win. Government can’t control it. The IRS can’t take it away from you. So guys, stay safe out there. We hope that you’ll take that opportunity. Awesome. Thank you folks.
[00:39:20] Outro: Did that story feel like it was about you? Do you feel you should be making more progress toward your financial goals?
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