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Topic: Banks Won't Make You Rich (Read 1782 times)

full member
Activity: 434
Merit: 100
May 13, 2018, 02:42:31 AM
The interest that banks are offering are just a trap. To deceive much more new customers and then offer them like loans that sounds too good to refuse. The truth is that banks earn much more from you than they give you.
full member
Activity: 224
Merit: 100
May 13, 2018, 12:06:00 AM
Well if you will just deposit small amount of money in banks,it will never made rich because it only has a small profit but if you deposited huge amount of money then you can earn big but still wont make you rich instantly not like in crypto even if you invest small you can be able to earn big.
full member
Activity: 476
Merit: 100
www.daxico.com
May 13, 2018, 12:03:44 AM
Banks are just keeping our money for safe but it's not even 100% safe on their hands as banks can go on a bankruptcy that would even cause you your money being deposited on their vault. On the other hand, it's not also profitable so it's better to invest in somewhere else.
newbie
Activity: 86
Merit: 0
May 12, 2018, 10:41:42 PM
This is my opinion.Banks won't make you rich.saving in bank can never do that,because of interest rate that bank gives you is too tiny.You saving will be simply be eaten up by the sleepy monster called inflation. As a example I will take ,When I'm in grade school,each day I received 10Rs (my country currency) from my mother.It was enough to by me 2 meals,but in now 10Rs enough to buy 2 candies.  Lips sealed Banks are just for keep your money safe!  Tongue


I think, the main role of a bank is to keep your money safe, not to make you rich. If you invest in a bank, you'll have profit but it won't make you rich. That's why we are glad cryptocurrency was created. You can be rich by investing from bitcoin. You'll be able to keep your money thru cryptocurrency without any fee unlike in a bank. Wink
newbie
Activity: 224
Merit: 0
May 12, 2018, 10:30:45 PM
This is true and indisputable, all millionaires will certainly never put their money into banks, instead they always borrow money in banks because they know that borrowing money in banks and used for investment and business is more profitable than saving in the banks and hope very low interest banks.
The bank only gives us a small and stable income. low risk. But that place is only suitable for some investors who do not dare to take risks. They do not dare risk so they put money into the bank is most convenient.
full member
Activity: 378
Merit: 100
May 12, 2018, 06:43:52 PM
Bank is useful to save money just do not make our money doubled but if the bitcoin in addition to being able to save money we can also make money by trading and bitcoin mining and the results are also quite a lot of the second if we know how.
Banks won't make me rich but banks will help me to save my money very well, because banks is very trusted by all people and even the banks will not make us rich it will never be replace by bitcoin, and if we want to be rich we should our money with the best ryptocurrency, bitcoin.
member
Activity: 183
Merit: 11
May 12, 2018, 06:34:41 PM
Your opinion is meaningless, because it is a fact that the possibility of increasing your wealth and attaining your financial independence would not have to depend on a bank, because in the end every individual is free to decide which business or occupation wants to dedicate his life .

On the contrary, knowing how to use a bank loan in a prudent and appropriate way, it could be perfectly possible to use banking institutions as a means of leveraging potentially productive investments.
member
Activity: 226
Merit: 10
May 12, 2018, 06:23:49 PM
This is my opinion.Banks won't make you rich.saving in bank can never do that,because of interest rate that bank gives you is too tiny.You saving will be simply be eaten up by the sleepy monster called inflation. As a example I will take ,When I'm in grade school,each day I received 10Rs (my country currency) from my mother.It was enough to by me 2 meals,but in now 10Rs enough to buy 2 candies.  Lips sealed Banks are just for keep your money safe!  Tongue



Yes,if you invest your money in bank it won't make you rich so better invest your money in bitcoin because there's a great chance that you become rich in here.

Absolutely.Bank will never us to make rich because of the interest they provided to make us down.But for bitcoin I'm surely predicted everybody will become rich as long as we are striving hard to make this happened to our life.
member
Activity: 224
Merit: 10
May 12, 2018, 06:18:45 PM
lol, since when will Bank give you a profit, they will take your money, before I ever tried some of the products offered by the Bank, such as Deposits and Bonds, but the benefits I get very little...
indeed in some people, they consider the Bank to give them an advantage, but they are not aware, their money in use by the Bank for other investments...
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
May 12, 2018, 05:36:50 PM
The task of banks has never been to enrich people. If you are talking about a deposit, the interest rates will never be greater than the inflation rate
You are correct on that but most people do not know any other form of saving and investing than to put their money in a bank, and banks take advantage of that and get the money of people for very cheap interest rates while they are making a fortune with the money they are given, bitcoin in that way is a lot more fair you get all the losses but you also get all the profits of your investment in bitcoin.
newbie
Activity: 89
Merit: 0
May 12, 2018, 06:22:39 AM
Contradictorily if, the value of the money have increased then, inplace of two meals now we may get two jumbo meals :-p
newbie
Activity: 53
Merit: 0
May 11, 2018, 03:13:30 PM
it may certainly make you rich but if we can earn even some paisa from the idly kept money then also it would be a gain isn't It?
sr. member
Activity: 1358
Merit: 253
May 11, 2018, 10:32:08 AM
Yes because the bank is for to save your money not make you rich. if you want to get rich you should do some business like the trade of bitcoin or you should invest in bitcoin to get some return. And it will make you rich this is my opinion. Investing in bitcoin nowadays are a good business .if you want to get rich you should do something.

Can be said so, do not ever think that with the interest of banks 10% per year then we are rich, banks are only suitable for saving money for daily or monthly needs, do not ever save money in banks in large quantities because it will make us regret and get nothing, successful and rich of course need big step that is business or investment.
newbie
Activity: 36
Merit: 0
May 11, 2018, 09:41:33 AM
Yes because the bank is for to save your money not make you rich. if you want to get rich you should do some business like the trade of bitcoin or you should invest in bitcoin to get some return. And it will make you rich this is my opinion. Investing in bitcoin nowadays are a good business .if you want to get rich you should do something.
sr. member
Activity: 630
Merit: 251
May 11, 2018, 08:49:33 AM
This is true and indisputable, all millionaires will certainly never put their money into banks, instead they always borrow money in banks because they know that borrowing money in banks and used for investment and business is more profitable than saving in the banks and hope very low interest banks.
newbie
Activity: 126
Merit: 0
May 11, 2018, 08:35:52 AM
Of course, Banks will not make you rich.
The bank's main purpose is to save money and you will get a little benefit from the storage.
Unlike it, if you save your money in the form of Crypto coins and you use it as a long-term investment.
You have the opportunity to earn big profits so you can get rich.
sr. member
Activity: 588
Merit: 250
May 11, 2018, 08:29:39 AM
It's obvious that banks looking for profit only, people working in banks can tell you many different things about their work. In banks nobody cares about people to be honest.
full member
Activity: 176
Merit: 100
May 11, 2018, 06:30:54 AM
This is my opinion.Banks won't make you rich.saving in bank can never do that,because of interest rate that bank gives you is too tiny.You saving will be simply be eaten up by the sleepy monster called inflation. As a example I will take ,When I'm in grade school,each day I received 10Rs (my country currency) from my mother.It was enough to by me 2 meals,but in now 10Rs enough to buy 2 candies.  Lips sealed Banks are just for keep your money safe!  Tongue

Ofcourse it can't it is not build for people who are trying to be rich because of the bank, Bank is just  the storage for your money to keep it safe. They have just the interest to spice the features of the bank and also to the users of it.
full member
Activity: 364
Merit: 100
May 11, 2018, 05:41:47 AM
This is my opinion.Banks won't make you rich.saving in bank can never do that,because of interest rate that bank gives you is too tiny.You saving will be simply be eaten up by the sleepy monster called inflation. As a example I will take ,When I'm in grade school,each day I received 10Rs (my country currency) from my mother.It was enough to by me 2 meals,but in now 10Rs enough to buy 2 candies.  Lips sealed Banks are just for keep your money safe!  Tongue

The purpose of the bank is not for making you rich, as you have said, the main purpose of it is to keep your money safe. The tiny interest that they give to people is there to serve a purpose, what purpose? To pursuade people to save in banks. What is the purpose of saving in banks? Well, it is not just for you but for the whole nation because when you save in banks, those money are being circulated and can be used as loans for farmers or businessman.The main purpose of banks for me is to have the money being circulated. If many people save money on their homes using coin banks,there will be a huge negative effect on the economy of a country.
member
Activity: 133
Merit: 10
May 11, 2018, 04:54:59 AM
Yes of course, the Bank won't make you rich. If you are more observant in calculating the savings, it turns out savings interest in the bank can not cover the administrative costs. If it continues like that, money saved in the bank will not increases, but will continue to decrease every month. added with the inflation rate of 1.5% or 5.7%. So, your savings will continue to decrease.
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