“The Bitcoin Academy and Private Banking Strategies– Episode 1 – The Banker’s Daughter”

Financial freedom and independent wealth have never been so close

Summary:

Most people don’t think it’s even possible to achieve financial independence and freedom.  Not to mention the herd mentality of banking that they don’t even know they’ve been brainwashed to follow. Suzie Q and her father (who was a banker) broke free. In a little more than 5 years, Suzie Q had eaten about $200,000 in debt for breakfast, started three separate banking businesses, had $3,100 in monthly passive income coming in, and was flying on the tailwind of her Private Banking Strategies

In this episode George from The Bitcoin Academy interviews Vance Lowe and Seth Hicks, Esq. of Private Banking Strategies regarding some of the core pillars of Private Banking Strategies – and how they work with crypto currency for freedom and independent wealth.  With crypto currency and Private Banking Strategies, financial freedom and independent wealth has never been so reachable and obtainable. 

 

In this episode you will learn:

 

  • How Suzie Q was red-pilled to learn that she had been conditioned to use branch banking when she could have been using her own Private Banking Strategies
  • How easy it was for her to establish her own Private Banking Strategy and begin to get multiple touches on the same dollars (“velocity of money”)
  • How she put her idle money to work for her and was able to create passive income tax-free year after year
  • And more!

 

0:01 This conference will now be recorded. 0:06 Hi, this ...

0:01
This conference will now be recorded.
0:06
Hi, this is George from the Bitcoin Academy and today we are talking with Seth and Vance about IBC and how you can move into your own private banking. I'm I'm currently starting that process and I've, you know, there's, there's a bit to it. And I'm learning along the way. and I'm hoping to learn a little bit more today. Talking to these two guys. So how are you guys doing today?
0:35
Oh, yeah, thank you. Thank you for having us storage and J We really appreciate the opportunity to to speak to the audience.
0:44
Oh, good, good. I, yeah. I can't wait for you guys to share with, with our crew, because I know. Well, actually the bench team, because we are all ready to take some profits. It's been a long bear market and we are now in a crypto bull market. And I am looking at a place where I can take some my profits and really lock it in for retirement for asset protection tax, free growth privacy. Because I've been really trying to work on that the last year. Or so to really keep myself private and reading through what IDC can bring. And in the seven pillars, it really has me excited. If there's something, a place besides just, you know, your typical bank, where I'm not sure I can trust them, where I can store my profits. And they're not going to go away, you know, in the crypto space.
1:44
We have goals, and we have bears. And there are times where we really need to take those profits and lock them in and take them out of crypto and put them in our lives and and put them in a place where we're not going to see that huge volatility that we do in the crypto space. So, that's what I'm hoping you can help me with today, guys.
2:07
Well, I'm sure think we can. Literally, looking forward to that, George, were one of the things that I'm, you know, that this nexus, or bridge between private banking strategies, and crypto, is from our collective relationship with Jay, and being crypto enthusiast ourselves. And this is an unprecedented time. It's like a softball pitch which you only get once or a few times in a lifetime. So I wrote out from 20 17.
2:38
Like some of our audience did that brutal bear market holding bags and and believing for the best and hoping and trusting my coach that this thing would turn around. And now that it has, it's almost like you gotta slap yourself in the face and and and and wake up. It's here and you've got to prepare when when these times have come appropriately. And so we've we've encouraged listeners in the past to hey, start this process and get things laid and foundation and prepared for taking those profits because money can slip through your fingers if you don't have the right plan in place, right?
3:18
Absolutely. Yes, I that I was with you in the 2017, 2018, Just ride it out Hottel. And I'm not going to do that this time.
3:27
I am going to take profits And I need to find a place to To Take those profits into a safe place And we're talking about more money than some of us have ever seen or or even thought about before me and I'm taking profits and and In numbers that surpass annual salaries almost every year of my life, which is kind of mind boggling that we've had this type of opportunity?
3:55
Absolutely I would agree with you. There.
3:56
There are numbers that I never thought No, six years ago. That. I would see, and I am seeing them. So It's trying to figure out a strategy To to be able to bring that into my life.
4:13
We're going. to start with a story. Here, the event is going to bring of an actual client who was a, we call her, the Bankers, Daughters, Susie Q, And she is an actual client that was indoctrinated into centralized banking, and a lifetime of debt slavery, which Vance World will explain.
4:34
But this is exactly what we're going after and it and in this podcast and helping people to see that there are other strategies for private banking and creating wealth that you completely control yourself, and the only person you have to trust is yourself events.
4:52
Absolutely.
4:55
That's so true.
4:57
Well, guys, let's kinda get started here. I know our time is a little bit limited to what are our batch can take. You know, our attention span is worth I do want to say, make a couple of comments?
5:11
as a professional money managers, first thing you have to do with your crypto or any other type of investment.
5:20
They're just zeros on the back of the one.
5:23
And you can erase them, or you can add them, but should treat them exactly the same. You cannot get emotionally attached.
5:33
So reasons for all phones weren't taken as we analyzed what was going on in their crypto for 2017. People were too emotionally attached.
5:46
So make these traits guys, get them shut up and make them mechanical. Hopefully, they'll happen overnight and it'll just be done for you.
5:55
Follow jaye exactly, don't pick and choose. Or you lose.
6:02
OK, let's get into this. What we're talking about here, we're talking about now taking profits, maybe the sizes that we've never even dreamed of.
6:12
And how do we get them in and realized, we do not consider profits realized until you've taken them within yourself and work them into your system.
6:24
So we're going to assume that as we do this, however, taxes are gonna get justified. Everything going into your problem. bank needs to be considered as after tax money.
6:37
With that, let me begin by telling you a story, which is the American Dream of, you know, growing up, getting married, having a family, buying a home, and hopefully, someday we'll be able to retire.
6:55
So, I've received permission. Here was a situation that was, I think, extreme, and it was a learning curve for me.
7:04
A young person lady called me, she was around 33 years old and she said, I've stumbled across Nelson Nash's book.
7:17
And I'm looking for a way out.
7:20
And I asked her what she was talking about, She said, Well, my father, who is a branch president of a bank, set us up for show that we could get our bills paid, and everything throughout life. But I cannot see a way out that we can pay all this debt off.
7:40
There is A video that we want to make available to all our listeners. We don't have time to dissect the numbers today. I'm really just going to tell you the story. We had a lot of debt.
7:53
We had a home, two automobiles, and a boat.
7:59
Those were considered on the asset side. The liabilities was a call course, the mortgage to automobile payments or bulk payment, and they had amassed about $12,000 worth of credit card debt.
8:15
Um, we're going to call her susa queue.
8:20
Her father was quite domineering, had, I don't wanna remember either 5 or 7 children, five kids, and she was the youngest, and must have been his favorite or something, that he just really took a lot of time.
8:37
Well, she came in, and she looked at what we had to offer her.
8:42
We have kind of analysis to show people in advance if you switch to this type of strategy, what it will look like all the way out to eight years, month by month, and both her and her husband said, We're, we can't share. We're getting out of debt, because in our cars are now older, we're going to have to get new cars. You know, we've got a 30 year mortgage. We're thinking about refinancing all the common things that the average American thinks about.
9:14
They were thinking about, well, we discussed assets.
9:18
They had about $10000 in savings.
9:20
They had a mutual fund, they had some IRAs, they had equity in their home, They were contributing on a monthly basis $600 a month to their 401 K and their payment for their credit card was to 61.
9:38
The other thing you need to know about this couple, and it's, again, typical family, their take home after taxes was $5000 a month.
9:51
So we showed them a plan.
9:55
They couldn't believe the plant because of how fast.
10:00
they paid off their debt.
10:02
There's a difference here and it's like speaking in a foreign language.
10:07
It's hard to learn the language a little bit, but what you can, you can, you can get us us flew. And as you want, but other people aren't gonna understand yet, unless they also understand the language. Well, that's what we're talking about here with money the flow of money and how Money works and grows is, different than what you think.
10:28
Nelson Nash's book it, it isn't about what, so much about what you don't know about money that hurts us.
10:37
It's all about what we think we know about money. That's incorrect.
10:42
Now we're full of doubt because we're all programmed because the only place we get information is from the banks themselves.
10:52
And I'd like to also just make a statement here.
10:55
And we can talk on this a little bit further, but banks always get the money back on the they never do. Yeah, they never get money.
11:06
They never give away free money.
11:09
So, how do they get the money back? Well, they, it's always limped, right.
11:14
So, Why is it that we work really hard for our money? Even with our crypto, we've grown to take a huge chance out here.
11:24
And if we take profit, unless we do something, it's all set up for the banks to get back this money. No matter how private we are, or anything else, because we can only use or spend a dollar one time before it goes back to the banks.
11:41
Simple solution, we have to become like the banks. We have to use the same strategies. Well, here's the situation that she looked at, it, they absolutely fell in love with it.
11:52
instead of taking 30 plus years to get everything paid off, how would you like to be completely debt free without working any harder or changing your cash flow in this scenario, and as soon as 61 months?
12:11
Yeah, outright own their debt.
12:15
Well, they signed up for it.
12:18
They had to set up their own bank, which takes this, and everybody's heard this.
12:22
It's a special contract that we're after, It just so happens to be a life insurance contract, but the contract has to be shut up correctly if it is, guys, it will form the perfect private bank.
12:39
When you look at and talk about assets, what's, what? What are some of the perfect characteristics? It would be tax free, no risk, private, being able to use it over and over again. No restrictions. That's what we're talking about here, guys.
12:55
The only risk in the private banking strategy world, are the people looking back at you in the mirror, no economic risk, no market risk, no bank failures out there, Nothing outside, unless, I guess, if the world stops, spinning, we all got a problem, cut off that.
13:18
No.
13:18
So, she gets this signs up for, it immediately goes and tells her, dad.
13:27
Which totally surprises her, her dad blows up, you're kidding me, I've set up the perfect plan for you, Dad.
13:36
No, we couldn't find a way out, but that's the American dream.
13:42
So here, here's the President.
13:46
No totally tied into his beliefs and everything, He still doesn't know how the bank makes money. But this is the American dream. This is what you're living this life. You're always going to have this type of debt.
13:59
She says, No, I'm not, Vance has shown me. I'm completely debt free five years from now.
14:06
And I don't know what he started telling her about me.
14:09
But she dug in or hills because she had a little over dad enter says, listen, yeah, I'm not going to stand here. Let's just say this to me. You need to talk to The Vance. And so he called me up.
14:21
And they said, Listen, I don't know what you did to my daughter.
14:24
But you can't do what you're doing.
14:26
And I'm upset. I said, Well, I'll tell you up, all you have to do, spend a little time with me. And then you can decide.
14:36
And if you'll spend time, and you'll be honest with me, I'll accept your apology later. I actually said that to him and it's sitting back on his heels.
14:47
Most domineering people, if they feel like they have an edge over here, they keep pushing, but then if they know they've reached the limit, then they pretty much respect you.
14:59
So he came in and he came in with a grass in a charge for his daughter.
15:06
And I showed him the eight year plan.
15:08
And I said, you find one miscalculation here. Then. It was laid out month by month.
15:15
He says, You know, I can't.
15:17
So of course, you can't.
15:20
It says, But it's impossible, It doesn't add up on.
15:22
I says it does add up if you get to use the money over again.
15:28
The money always returns.
15:29
See, these, Just because they're paid off, doesn't mean they quit making payments, the people in the mirror, or their clients, and they have a choice who they make the payment to.
15:41
Your daughter decided to make the payment to themselves, to their own bank, instead of someone else's.
15:47
They get to make the profits and everything else.
15:50
So the dollars return, buys more debt, on and on, and, boom, they're out of debt.
15:58
And this guy was extremely smart. I'll give him that.
16:02
So I started talking to him and then just doing the normal speech about banks.
16:07
And he said, really, it's not the way the banks do it.
16:12
I said, you're the brand suppressive out here. That this is off the record!
16:20
OK, sure, everything we've talked about is, I haven't got a clue how my bank makes money.
16:27
I go really? Says, yes, I have a job to do. And the vice president has a job.
16:33
A job to do my job is to make sure all the government legal audits no, we pass.
16:40
And if they pass and we get a score.
16:43
I get pay raises, and I've got a golden handcuffs out there where I get extra amount or retirement if I make it to retirement. The vice president, he's in charge of growing new accounts as far as the money flows. And everything else, we have, a myriad of payments. We have to make the home office, because we have to pay.
17:02
For everything we use, our building, everything is paid for, you know, through income or whatever else. So, we just haven't got a clue.
17:12
Don't tell anybody, he says, you know, it was almost in tears when he saw this thing.
17:21
And he said, Look, my daughter, you know, I started this way.
17:28
I do all my daughter, an apology, And I smile at him. And they said, well, I'll, you want to, know, you're waiting for that one where I was waiting for it, and I said, well, thank you. I accept that. Should work, Can we go from here, because she's, This, isn't for me.
17:47
This is for you. This is for your daughter, here's how people can get wealthy and get out of the herd mentality.
17:55
And he asked me, look, would it be OK if, know, I want to square things with my daughter?
18:02
But if I brought my wholesale, all my kids in, and you taught us how to do this.
18:08
And, gosh, the rest is history.
18:14
Became Xtreme advocates from him.
18:16
We got several other bank presidents and owners into their own system. Here's a system folks that has been around since before our country.
18:29
The banks never have stopped using this system, especially George, that you're trying to learn about right now.
18:39
The banks have always known it's existed.
18:41
If they didn't eradicate the strategy, they eradicated the knowledge out of our school systems from doing the strategy.
18:50
So they could practice it.
18:54
So let's open that up. There's a lot of things.
18:56
I've said here, George, maybe for the first time for you, South, has got a lot more to say about this, because what were introduced in this story are several solutions, Several problems, a lot of pain, and a little bit of what we call glory because this couple, Susie, Q and Her family, are all living the glory now of self financing, being able to handle everything they do privately.
19:31
Well, what's, what's really amazing to me is that they, they didn't have to work harder or earn extra money to implement this.
19:40
This is, this is able to be used by anyone without working harder, or getting a second job, as long as you make more money than you spend and as long as you keep getting your money back.
19:54
And you have to have a little bit of capitalizing to start with, you've got to put your money in your bank before you can put it to work, right?
20:01
You can't just borrow it from thin air like the real banks.
20:06
Manchus, talking about fractionalized lending, but.
20:11
I will say, one thing, you know, I had my first meeting with you, Vance and we went over some things that really stretched my thinking. And the way to think about money and about what my private bank should be. I mean, you know, I'm, I'm in the crypto space and I can understand that pretty well. And when people say that their their head hurts after, they talked to me, my head hurt a little bit after talking to you, because you gave me some knowledge that no one else had.
20:45
No one had talked to me and told me and explained to me how things could actually and and do work when it's in my benefit.
20:56
I'm explained to, you know, by the Banks, like how I can Borrow money through them, and pay them, where It's their benefit, But they never explain how it can benefit Me, because that's not their Job, So It is, Was a lot, to take in.
21:15
Let's paint.
21:17
Yeah, Let's paint a picture. here. Picture, a whole bunch of cattle, down on a Valley and Lush green field and there's people up On The Hill watching them.
21:28
It's the bankers' up on The Hill watching Will the cattle down on the field, we are cattle for the banks.
21:38
We produce new income only to feed it back to the banks.
21:42
We exist for the feeding of banks in this scenario, So we gotta change that, and all we have to do is start understanding this new language and in, you know, implementing it.
21:58
Yeah. And I would say one thing that, that people may struggle with, and, and it wasn't me, that they have to think a little bit different, and they, they can't think the way that they've been programmed. You know, for the last, you know, 20, 30, 40 years that what we were taught, what I was taught, isn't necessarily what's best for me and, and being in the crypto space.
22:24
And for as long as I have, I don't like to think, like everybody else does, because, you know, we're all really, you know, ahead in the game. And this is ahead of the game on the banking side. And so, it kind of supports the folks that are currently in the crypto space where you're really ahead of your time. And this seems to be the same type of scenario on winning for yourself, not for the banks.
22:56
Well, Seth has got a lot more information that does a lot more than that, You know, We have what's called seven Pillars that we address to help solidify this.
23:07
What we didn't know was we were supposed to leave home from our parents and school and start our own mini economies. You think you can run a town or a little city, or whatever else without thinking it through? It's impossible.
23:25
So yes, brains have to become engaged, but it's not complicated at all.
23:33
three of the highest focuses, I think, of our audience in, crypto, are, are similar and synchronized with one another. And that is, people want financial privacy, or there wouldn't be in crypto.
23:48
They want to pay as little taxes as legally possible, and moisture of the mindset, that the shenanigans that started in 19 13, with the creation of the IRS, and with the federal reserve, are completely unconstitutional and illegal, and thus, the taxation put on us is also illegal. But with a gun to your head, most people keep paying their taxes. I'm not going to opine as to whether to do that or not. But I am going to say that our private banking strategies methods allows you to pay the least amount of tax as possible, and it is legally.
24:32
enforced because the same people who create the laws are the ones using these same strategies.
24:38
I mean, the biggest clients of the life insurance companies are, the big centralized banks, into the billions and billions in premium dollars annually, Wells Fargo, Chase, Bank of America, all have huge annual premiums that they bank and life insurance. And there's a reason for that. They understand the tax free growth aspect of this, as well. So not only financial privacy and, and paying as little tax as legally possible, but also the asset protection structure that it provides. So I call your private bank, a vault, many times in some of our literature and e-mails. And some of you may have read that, this vault in the right state is completely asset protected by law. For example, in Texas and Florida, and many of the southern states, the legislature has enacted statutes which completely exempt the cash value and death benefit proceeds on these life insurance policies.
25:43
So if you've got $50 million in cash value in your private vault or your private bank, it's untouchable. You can go out there and mow down people at the farmer's market with your duly truck, negligently and the year there's no liability attached. That's going to come to your cash value in your vault.
26:05
And likewise, your beneficiaries, if they create a liability, are not going to have the death benefit which flows to them upon death attached either.
26:16
So, those three things I find highly valuable for our particular crypto audience and we're, We're not even really addressing those. I'm just giving you the bottom line with those, without the citations to statutes. But that doesn't even take into account the multiple touches on dollars guaranteed, compounding growth that you've got never going backwards and having no risk like, you would in a market or 401 K, always being able to finance your own investments or creating legacy value.
26:51
So, this is really the perfect investment, It's an asset, effectively, rather than an investment which is unparalleled in the market.
27:06
Great, great.
27:08
Well, it sounds like how how complex is something like this? No answer or Seth too. To setup. And to, to do.
27:20
Well, it's up. I'll take the first half answer real quick, because the the, the asset protection, OK.
27:27
And the financial privacy are as simple as signing the contract. It's and it's statutorily provided if you're in the right state, these these things are state regulated, not federally regulated so each state has their own specific law.
27:45
And I've got materials that can tell you whether your state provides you 100% asset protection or Partial Asset Protection.
27:54
But, most of the southern states and, and others, Michigan, being one, George, Minnesota, not being one. All of the red states effectively, not being asset protected, but all of the blue states being more so inclined. And it's as simple as signing the documents. So there is no complex offshore trust or expensive multi tiered entities that can run 50 or even $100,000 in legal fees and structure fees for asset protection or complicated asset protection. I might say this is simply entering into a whole life insurance contract with the stroke of a pen. So as far as ease, there's nothing easier now advanced, I'll hand the baton to you to discuss how hard it is to create banking with velocity of money, getting your money back, and those issues.
28:50
Yeah, Well, first of all, it is a life insurance contract. Folks, we have to qualify.
28:56
Lot of people are under the misconception that, Oh, man of Flesh Rocket Rich and get $100 million profit that I can go stick that on my bank.
29:09
Not so fast, folks.
29:11
The life insurance company has to justify the minimum amount of death benefit on your lives. Notice I didn't say maximum.
29:22
This strategy is not about death benefit.
29:26
So we're not going to be even attempting to solve death benefit needs.
29:33
We want to set up a contract that puts the most money in your pocket, but it's still setting up a business.
29:41
So, you have to really understand what you're shutting up, how you're going to use the cash flow, how you run a day to day economy, to get, and flow the money back to you. So, you can use it over again. It's not complicated. It's information, folks that we already have. Most everything we tell.
30:03
New clients, all, I've heard of that. I've just never been able to organize it.
30:08
So, it is setting it up, and it is running.
30:12
You're going to put the banking equation back in your life, which means you're gonna set up your own little lending as well, because that's what banks do, is they put the money to work. They lend it out.
30:25
Well, there's no better, safer environment or client out there.
30:30
Then the guys, looking back at you in the mirror, there's your natural client.
30:35
Now, if that's a shady character, we've got a problem. But I know 1, 1 question I have is that they always say, you know, when you're when you're putting money in for retirement, you have to, you know, put in really early. You know, start in your twenties. What if I'm a baby boomer?
30:59
Is it too late to start? Start putting my own bank together.
31:04
You know, I tell that story in our book.
31:08
Seth and I just put a little book together and how I I found out about this Infinite Banking, and I was in my early fifties.
31:18
My already has been by then. A.
31:23
Very angry, very depressed down, Nelson, Nash, himself, gun, it took me under his wing and said, listen, yeah, we all have every advantage.
31:34
For the time we have left, It just might not grow as high as someone who is much younger.
31:42
So our job is to be able to set this up and pass this to our loved ones.
31:49
Because it's perpetual, it's multi-generational.
31:53
It's all about the flow and the education of the flow of money.
31:59
So if we can give you the choice folks on who you make the payment to, assuming you still have to make the payment, wouldn't you rather make a payment to a company that you own, versus to somebody else's company?
32:17
Yeah, yeah, oh, there's so much to learn if we put our thinking cap back on, but we're taught to follow the herd mentality. Aren't we?
32:28
Oh, everybody's got 401 K's. Everybody's doing this, all it must be right.
32:33
That's not right.
32:36
What's incredible is that everyone out there in crypto, the way you're going, or what we call one percenters, these people have enough faith in themselves, that they're willing to do the work. Follow, you know, a leader or whatever else to try to make themselves, You know, independent from the herd.
32:59
And so, most of us might not relate to this.
33:04
Because the average American would much rather fail consciously with company.
33:14
Then sook sheet alone.
33:17
And we see that over and over and over again. Well, you've gotta have a 401 K. They even talk themselves into, well, the employer is contributing, so I'm, you know, I can't not do that. I can't afford not to do that. That's a myth. It's a fallacy.
33:36
and you couldn't be more than 180 degrees wrong.
33:41
We found also, that, because of programming of banks, that over 85% of the time, when we have a financial situation arise, we don't want to waste money. We don't want to make a bad decision.
33:56
So we've already kind of gone through these scenarios. And we're going to make a choice.
34:01
But I'm here to tell you also, George, the, it'll be the wrong decision?
34:10
And it's because there are other things that we've got to explore, that are much, much better, just knowing the differences.
34:18
If you know what's going on, people can solve their own situation.
34:23
So, our job, this is not a product.
34:26
It's not, you know, all about buying that life insurance contract, though there's a lot of stuff out on the web.
34:34
I call it IBC ***********. You've got to stay with the NINR, which is the Nelson Nash Institute because everything out of their mouths and from there, will be something you can bank on The rest of it, is not good.
34:51
It's bad. There's people out there trying to sell policies instead of banking.
34:56
So, back to the story, sort of speak, back to what we're trying to gain here.
35:02
If you, if you can capture, what if you could capture your monthly expenses back every month? What if you could actually get back in hand up to 70% of your monthly expenses? You think that would help people out.
35:16
Oh, absolutely, OK.
35:19
Easily, we're not only going to show you how to do that, our promises, this folks, you will agree with us 100% without a doubt, that if I were to do this, I'm gonna get the money back, but it isn't the way you're thinking today.
35:36
The way we think today are what the banks want us to think.
35:41
I'd like to reference a few things advance mentioned. one is our book that we offer to our listeners here, in a complementary fashion. Either written, e-book form, or an audio, which will make available in a link with this podcast. Also, we have other written resources that come in the form of e-mails, or also on our website, which will make available through links on this podcast as well, George. And I would really urge our listeners, if they're interested in learning more about this, to, to read our book, It's an easy read, or if they'd prefer to listen to it, listen to it, and began to dive into some of these resources and, and touch points to educate themselves on what we're talking about.
36:31
You're never too old. While realize most of our audience is the baby boomer generation, and we've been given softball pitches to hit one out of the park here. You're never too old to start this methodology for the reasons Vance said. And we've got a loom video that actually goes through Susie, cues. Actual numbers and spreadsheets and dives into that, which will also make available in a link with this podcast. So the spreadsheet oriented folks out there can take a look at that and, and look at the actual numbers that Susie Q hat and dive into that. And then for those who really want to go further, there's an exploratory call process of a 30 minute call with Vance, where they can dive into this more. And then the second step is getting into an eight year analysis. Which Vance reference, which is actually a pretty time consuming endeavor.
37:27
To calculate someone's particular roadmap for their own situation, their assets, their liabilities, and how this would be put to work with them. Also, analyzing their crypto profit taking and how that would be implemented, and it's important to lay that foundation now and follow the plan. We've heard Jay say this, you know, a thousand times, you've got to plan the trade and trade the plan and stick to it. And this is very similar to that, we make a plan.
37:56
And we follow that plan, We make real time, you know, game time adjustments, as you have more income or things financially change. But, it's a key to have a plan, right, George. I mean, you've got to follow your trades.
38:09
Absolutely, yeah, you've got to write it down and you've got to stick to it and and not deviate.
38:16
And just move forward.
38:19
Let me just speak for a couple more minutes. I think we've got a few more minutes. There's some unprecedented things going on today. History is being made right before our eyes. You know, we may not agree with the or the current regime in our government. And but in the life insurance arena, things are changing.
38:42
In a zero interest economy, that economy cannot sustain itself very long.
38:48
And yet, America has been in it 12 plus years in all 16 years. And the life insurance industry is the foundation, their assets, their investments, the things that they do.
39:06
You have to look in 30 and out to 50 a year bonds and whatever they do.
39:15
Well we've been in a zero interest economy so long that some of that portfolio's now starting to renew.
39:24
And the contracts that were sold in private banking several years ago, or a little bit more lucrative than they are today and the ones today will probably be a little bit more lucrative than the ones they offer in the near future, this cold thing.
39:43
And that, I think, there's going to be some more changes down the road, it takes time to get these things set up. Where you are going to be looking at those who are interested in two strategies.
39:56
one is called your Everyday Strategy or Normal Life, and the second one is called a Windfalls Strategy, How do I take profits and how do I get them into my bank quickly?
40:07
All of that cannot be initiated.
40:11
No and executed in really short order.
40:16
The insurance companies have to go through, make you go through underwriting, you have to qualify for these contracts, Do the contracts have to be on your life? No.
40:27
My guru who taught me re petite had 153 policies in force and he'd been practicing 25 years.
40:38
When he started training me, show, you can get a policy on any well, and that's something you might want to explore as a group. They set up limited partnerships, ensuring each other till, after the contracts are issued, or whatever, but you have to explore this, you have to get things set up.
41:00
show that you're ready.
41:01
We've got people now who we talked to a year ago, and two years ago, who are taking profits. Who decided to wait?
41:10
OK, well, let's go through the process, from the beginning, we gotta fill out the applications and do our pyramid. Med exams, and that's A, guys, we're really fast, We're really efficient, and this, probably, more than any other groups out there.
41:26
And we get stuff issued.
41:28
But it's still, anywhere from a 4 to 8 week process, before you can make the decision on where you want to go, or your entry point, what you want to get in.
41:38
So a lot of things changing.
41:41
So, if you trust J, if things were saying, roseland age of the books and things that you're reading point to a better way than giving all your money to the banks, get started and get started now.
41:58
Great point, Vance. We've talked to some folks George that we're putting in term policies that you can convert into hole which was a strategy that was effective in the last, the last two quarters of 2020, when we were anticipating profits in 20 21. And many of those folks are now converting their term and the whole life policies, and implementing that strategy, because they planned for this this moment. And others who were, you know, took time and didn't, are behind the eight ball, and it, you know, it's like Jay says, the crypto market doesn't wait for anybody, And it's the same thing with this. You've got to plan, and prepare, and get, and get this in place, and so, these profits are coming fast. I don't mean, I don't know how many trades I've missed because I wasn't paying attention.
42:50
You know, and I'm so, so grateful for such a great coach that helps us. You know, just gives us softball opportunities and so, hopefully, that's what this is for private banking strategies.
43:05
In our audiences, this is a softball pitch for them to really lock some of these profits into an asset protected vault.
43:15
Great, great, OK.
43:18
Well, what, what would be the next step for someone to get in touch with you, to visit the website, get informed, and then move forward?
43:31
Yeah, we'll make the resources available in, in this podcast that you publish to the audience will provide our website, which is WWW dot private banking strategies dot com. Will also provide the links that I referenced before. And they can drill down and, and touch every one of those resources until their heart's content, and if they want to move forward from there, they schedule an exploratory call with Vance and that's how we get this ball Rolling.
44:04
Yup. Yup.
44:06
Probably, the very first step, is, if you haven't read the book, read that, just download the book, it's, you know.
44:14
Like Seth said earlier, just just download it from the website.
44:18
So, OK.
44:23
Thank you. For your time, so much on. On this podcast, we really appreciate the opportunity. And we're looking forward to these future podcasts, that we do, where, we can tell stories, of, folks, that, we've helped, implement the strategy, and, an answer, your questions, and really use you as a, as a test dummy, so to speak. Not that you're a dummy, by any stretch. Everyone knows that. That's that's consulted with you in the crypto space, in tech space. You're a wizard, but for private banking, we really relish. the opportunity to have you walk through it yourself. With us so that you can ask these hard questions that some of our audience may be thinking? or that we've left untouched in this process. So, we're looking forward to the, the upcoming podcast, which we hope and hope to publish on a weekly basis.
45:11
That, that sounds great. Well, I really appreciate you guys coming on. And, I'm, I'm definitely going down the road, slowly, but surely, but it's something that I need to do, because I want to take some profits into my life and keep them. So, again, I appreciate you both self set advance, and we will talk again soon.
45:32
Well, thank you very much. Thanks, George.
45:35
Next conference will now be recorded.

Links / Resources:

Get the E-Book or Audio version of “How to Grow Rich with the Secret Banks don’t want you to know” here: Private Banking Strategies

Subscribe to the Private Banking Strategies Podcast: PBS Podcast

Loom Video Link for Susie Q Presentation: Watch Video – The Banker’s Daughter (Susie Q)

14 Responses

  1. Shout out to Vance and Myra from Paul. Loving my elder years more than the rest. Only took 63 years to find people that have a heart and want to share the American real dream not the one that you have to be asleep to believe in as George Carlin put it.
    Thanks, Jay, George, Vance, Seth and Veteran Binjers.

    1. Dittos Paul, share all of the same sentiments at 63 as well… so glad to be here! And dittos the thanks to all of the above, may GOD Almighty Bless you all REAL BIG!!!

  2. A wholehearted, plainspoken fireside chat with a warmth of comfort for those of us whom think for ourselves and question authority. And a virtual hug for Myra whom has kept me updated and kindled the spirit of justice these past few years. Best regards and thank you.

  3. Seth

    Yes. My husband and I started with you with a convertible term and you guys were very efficient. We got it completed before 2021 started to counter any unexpected insurance changes that may have been coming for 2021.

    A couple of things. How do I pass my existing policy on to heirs verses using the death benefit? ILUT trust?

    Although my small policy with a $400.000 death benefit (currently))less lioans is probably most advantageous if I pass soon ( which Drs think I might. I have other plans of course.

    2nd. I wAnt to arrange at a off site hotel or something , an education to my family of 5 and propose that 4 of these get set up their own contracts and banks. 3 are in their 20’s with zero education of how a bank really operates.

    I need to really make it simple. Is there any product you would recommend for this? I’m thinking if I dissect your book to their level and present it , that would work and focus on the benefit to each of them .

    Can the ILIT trust “own” all of the 4 contracts if it gets created? I recall you use a top notch attorney for this and it runs about $5000 or so. Of course depending on the complexity’s.

    I’m still looking to run my expenses through this. I need to study the excel files and get iour term converted so I have not seen how to work this.

    Thanks for all the time you have spent educationing Jays group!

  4. Good new nuggets in this conversation with Vance and Seth. Having my first 30-minute call with Vance this morning. Love the sound of this strategy. I’m in my early 60s with zero debt…curious to learn how exactly the implementation of this will work for my somewhat unique situation.

  5. Great interview George with Vance and Seth.
    I have my first 30 minute call with Vance next week to get the ball rolling on this advancing learning curve from crypto to private banking.
    I’m very encouraged by the enthusiasm of Jay and Private Banking Strategies to implement into many lives the values of freedom and living a better life on your terms!
    Sounds amazing and look forward to calling you Vance and working diligently with both yourself and Seth.

  6. This was the best interview and information I’ve heard about banks and creating your own wealth by being the bank. I absolutely loved this concept and it blew my mind!
    Thank you for sharing this info guys.
    Now…. How do I find/do the equivalent in Down Under Aussieland?

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