Why Wealth Begins With Better Cash Flow—Not More Income | Episode 173
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What is the core premise of wealth creation in this episode?
Welcome to Private Banking Strategies Podcast with Vance Lowe and Seth Hicks, your secret weapon to protect your assets and never have to start over financially again. Vance and Seth help high net worth individuals, families, business owners, and investors structure an asset-protected, tax-free fortress for their families. Learn how to keep what you earn and use the velocity of money to create your own private banking system. Join us on this journey as we explore the secret strategies of the rich and political elite and help you take total control of your financial security. Now, on to the show.
Hello and welcome to Private Banking Strategies Podcast with Vance Lowe and Seth Piggs. Vance, how are you?
Doing good and excited to pick up where we left off last time.
We've been talking about the initial processes, how to get started with private banking strategies, what goes on in philosophical transformation and Learning the mechanics and architecture of private banking strategies. And which ultimately lead to an exploratory call. Which is pretty much the step one part. What goes on in the exploratory call, Vance?
We listen to a lot. People have pretty much learned something about this private banking that it's different, that it is cumulative, in other words. We're not spinning our wheels. We're not losing out the backside as fast as we're putting in. And through that process, we listen to your goals. And then we find out and review your financial life a little bit to find out how you can use the flow of money that's coming into your control better than what you're doing now. A lot of people. Young, old, big incomes, no incomes approach the strategy. And one of the questions are asked is, Am I too young for this or am I too old for this? And the answer is always the same. You're not too young, you're not too old.
You have the advantage. if you'll work this strategy for the time that you have left. And you can read in our book that Seth, you can mention later on, how I come to find out about this, how angry and depressed I was. Of not knowing that this existed. So money-wise, some people have gone through an absolute bankruptcy or crisis or whatever, and they recognize that this is the out, this is the answer, but they don't think they have enough money. And so we go through what's called find the money process. We ask people to read uh a book called R. Nelson Nash's book, and in that book there are f laws that we have to defeat, and one of them called Parkinson's Law. And that law gets into consumption of money, take home money versus what we consume.
And the spreads that you have to have. Some cases when we do the exploratory, we have to tell people, Oh, we need to back off for a little while until you get to a certain point. But in many cases where people think they don't have a chance at all of starting, we've already found the money and can show 'em how to move forward and go there. So
So interesting just out of curiosity, what what are some of the places that people can find money that's more beneficial for their overall wealth curve? And and where do you find some of those things? Where do you find some of that stored up money that people don't even see?
One of the things that are really misunderstood and not used properly are recurring loans, recurring things like HELOC home equity line of credit. All of our third of our income is going down on the mortgage and we're trying to get that to work for us. And we've been to into it for several years and we have equity in that home that's sitting idle. It doesn't earn us a dime. We encourage everyone when they don't. Need money to set up a home equity line of credit. And it's true. The banks out there, they'll lend you all the money you want if you do not need it. The second you need it, they put the clamps on. So it doesn't cost anything to set it up. Maybe a little bit on an appraisal or something. Some do, some banks charge that, some banks don't.
But you qualify for the maximum amount you can get on a home equity line of credit.
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Chapters
4 chapters
1
What is the core premise of wealth creation in this episode?
0:01–6:13
2
How does an exploratory strategy session uncover hidden cash flow?
6:13–14:43
3
Where can families find ‘trapped’ money they didn’t know existed?
14:43–15:49
4
How can a Home Equity Line of Credit be turned into a wealth tool?
15:49–17:52
Speakers
2 identifiedMore from Private Banking Strategies
Building the Framework for a 100-Year Family Bank | Episode 177
The First 90 Days: How to Activate Your Family Bank | Episode 176
The Biggest Wealth Mistake Happens Before You Even Invest | Episode 175
Stop Guessing With Money—Follow a Proven Wealth Blueprint | Episode 174
Why the Wealthy Control Money Instead of Chasing It | Episode 172
Why Wealth Protection Comes Before Wealth Growth | Episode 171