As life goes on, things change, including the income you bring home. How does your private bank expand and contract with those changes?
In this episode, Vance Lowe and Seth Hicks, Esq. share the answers to five common questions people ask about how much money to put in their private bank. Nelson Nash’s answer to this question shocks most people…until they understand banking and how the velocity of money accelerates their wealth.
Vance and Seth discuss:
- Why you must restructure “who gets the payment” so that you can capture the velocity of money – and beat the banks at their own game!
- Why getting the velocity of money working in your favor is the 1st step to your wealth accumulation strategy
- How a 5% mortgage interest rate becomes an effective 60-70% mortgage interest rate over the life of a 30-year mortgage (interest rate vs. volume of interest)
- And more
Resources:
- How to Grow Rich E-Book
- How to Grow Rich Audio book
- Private Banking Strategies Podcast: Episode 10: Can You Retire Financially Free and Independently Wealthy Simply by Self-Financing Your Automobiles? Twin Sisters Part 1
- Private Banking Strategies Podcast: Episode 11: Can You Retire Financially Free and Independently Wealthy Simply by Self-Financing Your Automobiles? Twin Sisters Part 2
- Private Banking Strategies Podcast: Episode 12 Can Your Business Cash Flow Catapult you Personally into Financial Freedom? Paul Bunyan Part 1
- Private Banking Strategies Podcast: Episode 13 Can Your Business Cash Flow Catapult you Personally into Financial Freedom? Paul Bunyan Part 2
- Private Banking Strategies Podcast: Episode 14 Can Your Business Cash Flow Catapult you Personally into Financial Freedom? Paul Bunyan Part 3
- Becoming Your Own Banker by Nelson Nash
Connect With Private Banking Strategies:
- Vance@privatebankingstrategies.com
- (817) 200-4777
- Private Banking Strategies
- Schedule an exploratory call
- LinkedIn: Vance Lowe
- LinkedIn: Seth Hicks
- Facebook: Private Banking Strategies
- Twitter: Private Banking Strategies
- Instagram: Private Banking Strategies
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