Vance Lowe with 40 years in the financial industry, Vance has extensive knowledge in the financial arena, extending far beyond his numerous accreditations, honors, and accolades. For over two decades, Vance owned and operated a successful money management firm.
As an expert in the financial markets, stocks, bonds, 401 Ks, and other retirement vehicles. Vance developed a keen awareness of market risks and the dangers that put clients’ hard-earned money and retirement funds at risk. When he discovered the Infinite Banking Concept through his friend Nelson Nash, he realized there was a far superior way to grow wealth and obtain compounding interest without any market risk. Vance discovered the ancient secret that the ultra-wealthy and politicians have known for over a hundred years – Be the Bank!
Vance ultimately sold his money management firm and became an accredited expert in structuring private banking entities. He now funds millions into private banking entities every year. As the CEO of Private Banking Strategies, Vance has established himself as a “go-to person” in the industry because of his extensive knowledge and understanding of Infinite Banking Strategies. He is a mentor of some of the best practitioners in America and has served as an advisor to the Nelson Nash Institute. He has helped countless families, business owners, and high-net-worth individuals create financial freedom by utilizing Private Banking Strategies and putting the banking equation back into their lives.
As a husband and a father, Vance is passionate about helping other families establish their private banking strategies and become financially independent and free. By helping others create and implement their Private Banking Strategies, Vance helps to change the financial atmosphere of every client, one family at a time. Vance is an entrepreneur, real estate investor, free-thinker, and creative problem solver. His multi-faceted expertise and experience bring a multitude of value to every client Private Banking Strategies serves.
Episode Highlights Here:
Vance:
You have to recognize that on a family basis, on a private level family basis, you have to be an economic unit.
Pierce:
Alright, so without getting too far into details, maybe like a 30,000-foot overview, like, what are two or three of the strategies that we should be using to be our own bank? Or is it even possible to do it with only two or three? Do you have to have the whole thing to get it?
Vance:
How does this work? Okay? There are three things you have to follow. And everybody’s heard these, but it’s still true. It’s called the 10% rule. You always pay yourself right off the top 10%. If you don’t do that, then you’re stealing from yourself. The whole purpose of using that money is to put it to work. But most of the time, people will take that 10%, they pay themselves, but then there’s always this outstanding bill that they’ve got to pay because it’s due right now. And they pass up the beautiful opportunity of putting that money to work. Instead of paying for the bill, what if you employed the money and financed the bill? What type of earnings would you want on that high or low? You could charge as much interest as you want on that loan as long as it fits your budget. You don’t care how long it takes to pay back. You care if your money’s working. And it’s in an environment now that can’t be taxed. So that’s one number two. And you’ve heard this a million times. Never, ever, ever spend the principal. Rule number two from Warren Buffett says, don’t even contemplate breaking rule number one. It’s so important, you can’t spend principal and expect to get ahead because you’ve got to go replace it. But yet our whole lives and everyone around us only spends principal, would you be shocked if I told you it wouldn’t even take 20 minutes? To convert people to never having to spend principle again, they’ll get it. But it will be a choice, you either want to do it, or you don’t. And then the third, and you’ve heard this before, always follow a well-constructed, written financial plan and update it regularly. So we incorporate that and we set that up. So it’s something that the client wants to do because the banking, the possibilities are limitless, and it fits precisely your footprint the way you want to live your life. But again, at the end of the day, who’s going to end up with the money? We say you should end up with the money. You should get it back. Should you have to recognize that on a family basis, on a private level family basis, you have to be an economic unit, you have to be a business. The number one reason that businesses fail is that the owners steal from their own businesses. A perfect example might be a welding company. We build trailers. Hey, well, I could build myself a trailer at no cost or just the cost departs. And we wonder why our business fails. And the number one reason businesses fail is that they themselves don’t value their company enough to pay top-dollar top prices like a grocery store. These are all found in Nelson Nash’s book; there’s some great reasoning behind it. There are some rules and some laws, including Parkinson’s laws, one that goes into. You have to live on less than you bring home. That goes into the 10% rule and several things that we have to beat or conquer almost every day of our lives to get out ahead. Those who can conquer that win by default because nobody else can do it. So those are the three main things we bring back into people’s lives. Then we show them how to set it up and run it. So okay, so that’s the example.
Pierce:
Yeah! So essentially, I’m assuming the vehicle that you guys are using to do this would be like, the life insurance infinite banking.
Vance:
Yeah, there’s a particular contract out there. That was developed years ago before we had regular banking. A Life Insurance took that function on itself, and they created a contract. They eradicated the idea even away from the life insurance companies until Nelson brought it back. We have all these meetings with the carriers saying, Do you know why you came into existence? Here’s why. This is why it is our participating Mutual Life Insurance carriers that have this contract, and they still have that contract. It still exists today. But it has to be put together to form the perfect private bank. And it will guarantee all kinds of things to easily equal the market. So yeah, it’s a particular contract. So when we set these up, it’s not setting up life insurance. We don’t care about the death benefit, right? We need the contract. So that you can function to put money stored on shelves, earn a reasonable interest rate, pull it out, and finance your way through life. That’s another important rule here. We all have to recognize that we finance every single thing we buy. If we pay cash for it, we give up the earnings we could have made for the rest of our life, right? That’s an exciting idea. Yeah. Or we borrow money from someone else, and we have to pay them interest. If we recognize that which we’re taught not to see, this is the problem. This is new to some people, but we do finance everything. It’s called Eva, you know, the extra value added? Yeah. Save Coca-Cola and everybody else. It’s precisely that, but we have to do that in our family on a family basis. We have to recognize we don’t go home and not be in business. We go home and run our personal private economy. Once we realize that and we finance everything, everything starts coming into line.
Listen to the full episode here:
Watch the episode here:
Important Links:
About Vance Lowe
Vance Lowe With 40 years in the financial industry, Vance has extensive knowledge in the financial arena, extending far beyond his numerous accreditations, honors, and accolades. For over two decades, Vance owned and operated a successful money management firm.
As an expert in the financial markets, stocks, bonds, 401 Ks, and other retirement vehicles, Vance developed a keen awareness of market risks and the dangers that put clients’ hard-earned money and retirement funds at risk. When he discovered the Infinite Banking Concept through his friend Nelson Nash, he realized there was a far superior way to grow wealth and obtain compounding interest without any market risk. Vance discovered the ancient secret that the ultra-wealthy and politicians have known for over a hundred years – Be the Bank!
Vance ultimately sold his money management firm and became an accredited expert in structuring private banking entities. He now funds millions into private banking entities every year. As the CEO of Private Banking Strategies, Vance has established himself as a “go-to person” in the industry because of his extensive knowledge and understanding of Infinite Banking Strategies. He is a mentor of some of the best practitioners in America and has served as an advisor to the Nelson Nash Institute. He has helped countless families, business owners, and high-net-worth individuals create financial freedom by utilizing Private Banking Strategies and putting the banking equation back into their lives.
As a husband and father, Vance is passionate about helping other families establish their private banking strategies and become financially independent and free. By helping others create and implement their Private Banking Strategies, Vance helps to change the financial atmosphere of every client, one family at a time. Vance is an entrepreneur, real estate investor, free-thinker, and creative problem solver. His multi-faceted expertise and experience bring a multitude of value to every client Private Banking Strategies serves.
