[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] Seth Hicks Esq.: Welcome to Private Banking Strategies Podcast, Vance Low and Seth Hicks Vance.
[00:00:43] Seth Hicks Esq.: How are.
[00:00:43] Vance Lowe: I’m doing really, really good. I’m looking forward to discussing some of these issues and, and drilling down so that people can understand and maybe make some adjustments on how they feel about money.
[00:00:55] Seth Hicks Esq.: Yeah, fantastic. The title of our podcast today, folks, is The Money [00:01:00] Problem and How to Solve It.
[00:01:01] Seth Hicks Esq.: So I’ll lay a little foundation here in an intro. Vince, people think that they understand how money works and what money is, but they really don’t, and people go, well, what do you mean I don’t, why don’t I understand money? As we look at how you’re doing things, how you’re making money and spending money, and you’re treating money as if you don’t respect it.
[00:01:25] Seth Hicks Esq.: They’re treating money as if you don’t like it, you don’t value it. You’ve worked hard to earn this money, but you have no system in place to get it back. You’ve, you’re, you’re giving all of your, your hard earned working capital away to third parties and can you not see that? And they. You know, kind of scratch their heads and they go, no, I, you know, I don’t see that because they’ve never been taught that.
[00:01:48] Seth Hicks Esq.: There’s another way. They think that, well, I earn money and I spend it and I have to earn some more money, and I spend it and I earn more money and I spend it. And that is the money cycle. But you, [00:02:00] you don’t have to spend money once and lose control of it. Forever. You can actually earn money once, capitalize your bank with it and continually cycle the same dollar through your system and get the money back.
[00:02:16] Seth Hicks Esq.: And people are puzzled when we tell them that. But it’s a common experience, a common emotion when you start to learn these principles. So we’re gonna talk a little bit about an open horseshoe economy and what’s the problem most people have with money?
[00:02:31] Vance Lowe: Because there’s no training on money or personal independence anymore in school.
[00:02:37] Vance Lowe: What I throw at what you’re looking at here and what you need to understand is that the money secrets are out there. They’re all around you. But our system won’t let you in on how it works. And the best example I can give you is that in school we were supposed to be taught how to be not only [00:03:00] independent, but to go out into the world and start your own town, run your own private economy.
[00:03:07] Vance Lowe: Because if you do that, no one else can control you in that. Maybe they can tax the money coming in. But once the money’s been taxed, if you move it around privately, under your own system. It won’t be taxed again. So people start scratching their head, well, what do you mean a town? What do you mean this, that, or the other?
[00:03:30] Vance Lowe: And so the problem is, is that just like you mentioned it out and, and we do refer to what’s called an open horseshoe. So picture an open horseshoe and picture your bank that you deposit your money in right next to it. You go to work, you earn an income, you have to make everyone a profit in your company.
[00:03:51] Vance Lowe: In order to be of value for your salary or your, your, your wages, and then you earn so much and before you get it, [00:04:00] you know, then Uncle Sam takes their pie out, you know, their, their share out of it and you’re left with your take home income. And a lot of people know that they want to try to get ahead of the money game, so before they take control of their money, they’ve been talked into.
[00:04:19] Vance Lowe: Investing or depositing part of their paycheck into what’s called qualified accounts. And those are numerous, they’re 4 0 1 Ks. They’re teacher retirement accounts, they’re Roths. There’s all kinds of things that they could have payroll deductions so that they don’t get their hands on it. And that’s good in a sense because now they have to live in a world with what’s left.
[00:04:43] Vance Lowe: They spend all of it, all of that money. What’s left? And so they have money out here that was deducted. They have taxes that was deducted from their hard earnings, and now the money left is how fast can I spend it? Yeah. If I was from a different [00:05:00] planet and I, I was a marsh and I come in and I, I looked at the attitude and the way people spend money, I’d probably write up a report that, wow, these guys work their tail off for the money that they make.
[00:05:11] Vance Lowe: Then they get rid of it as fast as they possibly can just to do it all over again. Correct me, Seth, but that’s probably a perfect definition of insanity. Doing the same thing over, but expecting a different result. I ask people, are you where you thought you would be 10 years ago? They go, no. Do you think you are better off or worse off?
[00:05:35] Vance Lowe: And that is divided. That’s 50 50. Half the people, half the people in the United States think they’re worse off. Okay? They’re not being taught the tools to make them financially independent. They’ve bought into government programs. They’re dependent. We think that, so social security is an entitlement.
[00:05:56] Vance Lowe: It’s not. It’s such a detriment. Last time I did numbers, which was [00:06:00] years ago. In the 2000 and twenties, if we re retired according to their plan, and had they taken the Social security money and invested it at 5%, like they said they would, our social security income would be somewhere between 150 and $200,000 annually for every American that retired that way put into the system.
[00:06:25] Vance Lowe: Well, that’s not there. That’s not, we’re not even close to that. Okay. And there’s no money in Social Security. It’s technically totally bankrupt. And this is a pure definition right now of what’s called a Ponzi scheme. We gotta go sell more. We gotta collect more taxes because of the people we promised. If you paid your taxes, you would have X.
[00:06:47] Vance Lowe: So people are are taught about entitlements. There’s no such thing in this world. That entitles you to anything. We have our civil rights, which is entitle us to breathe the air and try to become what we [00:07:00] can without interference, but government wants to interfere. So then we get in groups or herds. I call ’em this herd mentality and we start doing.
[00:07:10] Vance Lowe: The same thing that other people, yeah, I’m doing this, you know, and I’ve earned this amount and I’ve done this. Well, I can do that too. Then I’m gonna do the same thing. 4 0 1 Ks were invented and everybody started putting money in a 401k. It goes against all rational thinking. Why would you give your hard earned money away to someone else so that they can use it and make all the profit they possibly can and only pay you on your money, what they can get away with.
[00:07:40] Vance Lowe: And then say, okay, you have to take all the risk. So if we make a mistake and we lose money. We’re not gonna lose any of our own money. We might lose a little bit of profit, but you’re gonna lose and everybody thinks that’s correct. It’s not. And then no one is ever going to become financially independent that way.
[00:07:58] Vance Lowe: I know of some people, high [00:08:00] paid executives that retired and and were clients that retired with a million and a half dollars in a 401k, and the process of moving that out for them to be able to keep. Because when they retire, say I’ve got a million and a half dollars in a 401k, they don’t have a million and a half dollars because that’s tied to government and taxes.
[00:08:21] Vance Lowe: And if they retired before age 59 and a half penalties, so easily, 40% of that money is not theirs. Okay? So maybe a million. They’re lucky if they don’t lose it. So we can’t follow the herd mentality. The open horseshoe mentality means we’re a slave to the system south. We are 100% slaves. Our payments, everything else totally rely on us being able to go back to work.
[00:08:50] Vance Lowe: Replace what we spend.
[00:08:52] Seth Hicks Esq.: Yeah. And you have to understand that we finance everything that we purchase. And that’s a huge concept, a huge [00:09:00] principle that a lot of people wrestle with in their mind.
[00:09:04] Vance Lowe: Let me interrupt you there. My mom says the best way to get through life is to pay cash for everything, Seth,
[00:09:10] Seth Hicks Esq.: right?
[00:09:10] Seth Hicks Esq.: Yeah. That’s an old school mentality. And uh, I’d say it, it’s better than some methods borrowing your way into a deep, deep hole, but. The fact is, like you said, that your, your earning power comes from the money within your control, whether it’s in your private bank or salary, and as that cycles, you’re going to finance everything you purchase.
[00:09:33] Seth Hicks Esq.: The best example is a car. People go, well, I don’t know anything on my car. Yeah, but your car’s wearing out and you’re gonna have to buy another car. Where’s the money gonna come from that you have to buy your next car with? And kinda scratch their head and go, yeah, you should be accumulating money in your own private bank that comes under your control to meet that next car purchase or next home purchase or invest.
[00:09:55] Vance Lowe: And it’s, it’s not the people’s fault. You’ve developed ideas and opinions [00:10:00] about money that probably are incorrect, but it’s because you haven’t been taught the truth about money. When we go to use money for something, we invest that money or we get rid of that money, which would you rather do? We don’t invest the money.
[00:10:16] Vance Lowe: We just get rid of it and have to repeat. And this is why we finance. Whenever we pay cash for something, we’re setting up a lifelong financing of that money because we have to now tally up if we took that money and put it in production, we’re gonna lose that interest income for the rest of our life on that money when we let it go.
[00:10:40] Vance Lowe: So people have never thought about that. Whoa, I, I don’t like that. But that’s what we’re doing. We’re taking our money and we’re blowing it thinking that because everybody else is doing the same thing, that that’s the right thing to do. Right? And it’s not. We need to understand that the money we bring home is principle.
[00:10:58] Vance Lowe: And you’ve gotta follow that [00:11:00] principle rule, which is you don’t spend it, you use it. And we teach people how to use it. We teach people how to get out of this open horseshoe economy and close it.
[00:11:12] 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?
[00:11:22] 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.
[00:11:42] Seth Hicks Esq.: You don’t have to have an open horseshoe economy where money’s coming out of your control and you have to earn money over and over again.
[00:11:51] Seth Hicks Esq.: If you use and capitalize a private bank, it’s really easy to start a private bank, and once you’ve got your private bank [00:12:00] capitalized, you simply start changing. Who gets the payments that you’re making, whether it’s credit card payments, whether it’s car. Loan payments, home mortgage payments, or even expenses like you’ve said before, and that’s another real epiphany when you start to talk about can you get your expenses back on groceries, on gasoline.
[00:12:21] Seth Hicks Esq.: I mean, there’s no return. It’s not like an investment in a rental property where you’re getting a, a return on that capital invested. You’re eating the food and it’s gone. So when you begin to explain to people that you can actually recapture expenses in your private bank and create systems for that, it’s a real.
[00:12:40] Seth Hicks Esq.: Earthquake to many people’s mentality.
[00:12:42] Vance Lowe: It is, and that’s what I love to do. That what help wake me up in the morning to be able to share this knowledge, uh, these truths with people and get ’em to understand it’s, it’s not brain science. It’s not, uh, a chasm that they have to leap over on. [00:13:00] Hope that it’s true.
[00:13:01] Vance Lowe: It resonates right from the beginning. Yes. If I do that, that’ll work. That’s why we’re calling an open horseshoe is because the banks. Forced their way into the United States and took over and they’ve now taken control of, of many aspects that I, I’m not gonna go into right now, but one of ’em was education and they wiped out all learning about how money flows and how money works.
[00:13:26] Vance Lowe: And so we’re left on our own and they’ve pushed interest rates. We think that interest rate is the most important thing of a deal of a mortgage, credit cards, anything that we finance through the banks, it’s all about interest. And the banks just laugh. They just smile. We really have pulled one over on them.
[00:13:48] Vance Lowe: It’s not about interest rates folks, it’s about the volume of interest we pay, which is nowhere close to the interest rate. A lot of people think they’ve got a 3% [00:14:00] mortgage, don’t they, Seth? When in fact, on a 30 year mortgage, the only 3% payment they will ever make is on the very last payment. Of that 30 year period of time, every payment before that will be much more.
[00:14:17] Vance Lowe: Starting somewhere around 97%, if it’s a 3% loan, will be interest. They’ll refinance at a quarter percent interest and start that all over again Thinking they’re getting ahead thinking they know something about money when they don’t. So these little secrets we wanna talk about are putting the banking equation back in your life if you run your own little banking system.
[00:14:43] Vance Lowe: I’m not saying we can do without modern day banks. We can’t. Okay. ’cause there’s bill pay and there’s all kind of advantages there, but we don’t store our money there and we don’t use the banks for loans anymore. Okay. We set our own system up and we can start with those two in the [00:15:00] mirror as our clients because they’re more forgiving and we trust them.
[00:15:03] Vance Lowe: Hopefully, if you guys are out there, don’t trust those two in the mirror. We got a problem, but now they’re gonna become clients and they have to pay their fair share. It’s like me showing up on your doorstep, folks, and you open the door. And you know me, but I’m standing on that doorstep and I got my suitcase and say, I’m gonna move in.
[00:15:23] Vance Lowe: I’m gonna live you in your house for free. I’m going to eat your food, I’m gonna drive your cars, bring ’em back empty. Use your utilities, wear things out all for free. How long are you gonna let me do that? I’ll bet I can’t even turn around before the door hits me in behind. Okay. That’s ridiculous. But they’re doing that to themselves.
[00:15:42] Vance Lowe: People. We’ve never been taught that we have to run our homes. As an independent eco economic unit, as a town. Okay. We have to make a profit in town so we can’t let those two in the mirror rob us blind spending our money when we finally [00:16:00] own the car. We don’t have outside debt to the car. Now we can make money on that car with the two who need to drive it every day to go to work.
[00:16:07] Vance Lowe: And those are the two in the mirror and we can make the money back before we get the next car and on anything else, so, right. Those are little truths that are just easy to set up in life. And convert to,
[00:16:20] Seth Hicks Esq.: so you capitalize your own bank with a dollar. You use that same dollar. Out of your private bank to purchase a car, purchase a home, start a business, make an investment, and the investment provides a return in an investment context.
[00:16:37] Seth Hicks Esq.: Or if you’ve got a car payment, you’re gonna have a car payment even if you made cash into store. Cash to pay for the next car. So you cycle those car payments, those home loan payments, those credit card payments, those expense payments back into your, your own private bank. And you recapitalize your bank every single month.
[00:16:56] Seth Hicks Esq.: And so that car payment you would’ve made to a car dealership, now you would [00:17:00] make into your private bank the home loan payment that you would’ve made to your Wells Fargo or Bank of America. Now you’re making it to your own private bank. That’s how you use the same dollar more than once. That is the velocity of money and how you get a tailwind.
[00:17:16] Vance Lowe: We want what we call tailwind folks. What we have half of the truth when our parents and our mentors and the people who we really trust say the best way to get through life is to pay cash. But what they fail to say is once you bought the unit, it becomes an income producer for you. You’ve got to pay yourself back that money you use to buy that car with interest.
[00:17:43] Vance Lowe: So it stays paced with inflation and you can reuse the money over and over again. Everything you buy, you’ve gotta get the money back, and we’ve got some simple ways to do that. You know that aren’t hard and it doesn’t change your lifestyle.
[00:17:57] Seth Hicks Esq.: Yeah, it’s, it’s actually very simple to create [00:18:00] your own banking system.
[00:18:01] Seth Hicks Esq.: It’s also very simple to implement these strategies and to be able to set the systems in place, and that’s something Vance that you do with folks all the time. And you take them into a process where you drill down on their particular circumstances and you show them how that this can work for them. And you lay out an eight year step-by-step plan that we call the eight year analysis.
[00:18:25] Seth Hicks Esq.: And so I think we’re gonna transition here. I’m gonna lay out where you can find more folks. You can find us@privatebankingstrategies.com. That’s private banking strategies.com. And there we’ve got just a vast. Treasure chest of resources, almost a hundred podcasts. We’ve got articles and blog articles.
[00:18:44] Seth Hicks Esq.: We’ve got, uh, a free book that Vance and I wrote called Secrets the Banks Don’t Want You to Know That Will help you get Wealthy, and that book is available to you in audio or in a PDF form in exchange for your name and your email. The email [00:19:00] is how we will. Keep you updated on the most recent podcast, and more importantly, give you an exploratory call offer if these things resonate with you.
[00:19:09] Seth Hicks Esq.: If the podcast resonate with you, if our book resonates with you, schedule an exploratory call with Vance and go on a test drive with how. Private banking strategies will work for you and your particular financial circumstances. It is an amazing ground shaking concept when it entered both Vance’s life and my life shook us up because we thought we understood how things worked.
[00:19:35] Seth Hicks Esq.: Vance, any closing remarks?
[00:19:37] Vance Lowe: No, it’s just money is fascinating. We all have to use it in our life. There’s a better way than most of us think. So that’s what we, we wanna share with everybody.
[00:19:49] Seth Hicks Esq.: Alright folks, this is gonna be the first part of, of a two part series on the money problem and how to solve it. So come back next week.
[00:19:57] Seth Hicks Esq.: And, and here the second [00:20:00] half of how to solve the money problem, how to put these strategies in place and learn some keys that you can implement in your life. And with that, we’ll see you on the next podcast
[00:20:10] Outro: now. Bye-bye for now. Did that story feel like it was about you? Do you feel you should be making more progress toward your financial goals?
[00:20:20] Outro: 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. Thank you for listening to the Private Banking Strategies Podcast. Click the subscribe button below to be notified when new episodes become available.
