You're right, of course. But putting your money in a bank is supposed to be a sort of compromise between relatively little risk and relatively certain (if small) profit.
Investing in something such as cryptocurrency, from recent experience, involves a greater degree of risk and instability, but also the potential for a greater degree of profits.
Topic: Banks Won't Make You Rich - page 19. (Read 1789 times)
yes...banks won't make you rich instead depositors are the one who make banks rich..we deposited our money in the bank hoping it will earn interest but so sad to know that aside from having so little movement in your deposit,there will also hidden charges so for me..banks are for keep safing and not
for invesment.
for invesment.
Saving is often referred to as a form of future investment. In fact, it is a misunderstanding. Saving is different from investment. Saving is just a form of saving money in the bank in the hope that it is not often taken and the amount will be many when taken. Of course if you often deposit money. Although saving is a good habit than you spend money on unnecessary items, you unfortunately never get rich just by saving money.
Keeping your money in banks won't help you at all. The interest earned fron your deposit will not even cover the price on inflation at all. For example, if you put in 100 USD now in the bank, it will cost nothing after 20 years. I know alot of people still believe that their money will grow in banks. I've learned to diversify and invest them on stocks and crypto currencies. You will lose along the way but that is how you learn. Bottom line is, don't put you money in a bank.
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. 
Banks are just for keep your money safe! 
Banks are just for keep your money safe! I think that depends on the country and how much money you have, apart from nominal interest rates. Some people aren't chasing insane return rates like in crypto, especially if you are retired and don't want to risk you lifetime savings. If you have millions, then saving a portion of your wealth on a deposit account can make sense. But don't get me wrong here, I just point out that some people are very risk-averse, and they prefer trusted banks with deposit accounts protected by a deposit insurance system. After all, some people are using saving accounts anyway, so are they fools?
I agree that banks won't make you rich unless one of these banks (or all of them) belong to you personally. It is bankers themselves who are the primary beneficiaries of profits banks generate. Nevertheless, while banks definitely can't you make rich in the sense used over here, the other options are not bulletproof ways either. High returns come with high risks, and as much as they can make you rich, they can also make you poor.
i think bank just to keep money with safe, not to make a profit, even though we follow deposito program like in my country, but that calculation will be more profitable investment for example in property than in bank
As long as interest is above real inflation rate, you are earning. But then again some people are willing to receive interest less than inflation just to keep their money safe and guaranteed from theft. There are also a multitude of other factors why people may be looking for saving their money in banks (for example, hiding some monies from your wife/partner).
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. Banks are just for keep your money safe!
Banks are just for keep your money safe! I think that depends on the country and how much money you have, apart from nominal interest rates. Some people aren't chasing insane return rates like in crypto, especially if you are retired and don't want to risk you lifetime savings. If you have millions, then saving a portion of your wealth on a deposit account can make sense. But don't get me wrong here, I just point out that some people are very risk-averse, and they prefer trusted banks with deposit accounts protected by a deposit insurance system. After all, some people are using saving accounts anyway, so are they fools?
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. Banks are just for keep your money safe!
I agree. It wont make you rich because of the tiny interest percentage. Even you deposit a big amount it wont make your money grow bigger and bigger. Banks are just for keep your money safe!
I don't think banks can make any person rich. Every banks take a huge interest. So instead of being rich you will be poor.
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. Banks are just for keep your money safe!
Banks are just for keep your money safe! I think that depends on the country and how much money you have, apart from nominal interest rates. Some people aren't chasing insane return rates like in crypto, especially if you are retired and don't want to risk you lifetime savings. If you have millions, then saving a portion of your wealth on a deposit account can make sense. But don't get me wrong here, I just point out that some people are very risk-averse, and they prefer trusted banks with deposit accounts protected by a deposit insurance system. After all, some people are using saving accounts anyway, so are they fools?
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. Banks are just for keep your money safe!
Banks are just for keep your money safe! I think that depends on the country and how much money you have, apart from nominal interest rates. Some people aren't chasing insane return rates like in crypto, especially if you are retired and don't want to risk you lifetime savings. If you have millions, then saving a portion of your wealth on a deposit account can make sense. But don't get me wrong here, I just point out that some people are very risk-averse, and they prefer trusted banks with deposit accounts protected by a deposit insurance system. After all, some people are using saving accounts anyway, so are they fools?
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. Banks are just for keep your money safe!
In my whole life I've never seen any bank clients testify that they became rich because of putting their money into any bank. Bank company is just keeping your money to store it to their bank then will give profit to your savings with a cheap interest only Which I cannot consider its profit. Banks are just for keep your money safe! Therefore, I agreed on you just said mate.
This is my opinion.Banks won't make you rich.saving in the 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 an 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 buy me 2 meals but in now 10Rs enough to buy 2 candies. Banks are just for keeping your money safe!
That's right you say. Banks will not make us rich. Even when we save in bank only the security we get, the profit we get is very small and not too much effect on our savings. Right now I rarely keep my money in the Bank, I trust to keep my money somewhere that I think is safer. Banks are just for keeping your money safe! 
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. Banks are just for keep your money safe!
In my whole life I've never seen any bank clients testify that they became rich because of putting their money into any bank. Bank company is just keeping your money to store it to their bank then will give profit to your savings with a cheap interest only Which I cannot consider its profit. Banks are just for keep your money safe! Therefore, I agreed on you just said mate.
yeah kinda true, bank is just a saving money services. for them to make us rich is kinda will not happening. it is better to do some investment than just sitting your money in bank.
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. Banks are just for keep your money safe!
Banks are just for keep your money safe! You said it right my friend. Because banks is not made for investing, it made for safety of your money. So if you want to be rich then work hard, and if you have money to invest, then invest it business or in bitcoin so that your money will not sleep, and need to grow them more.
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. Banks are just for keep your money safe!
Banks are just for keep your money safe! Banks are not for investment. Its purpose is to secure your money. Only the bank owners will get rich and benefit from our savings. So if you want to get rich, do not put your money in bank. Put it in other basket such as stocks, business and here in bitcoin. There is a bigger chance to earn bigger profit and eventually become a millionaire.
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. Banks are just for keep your money safe!
Banks are just for keep your money safe! Banks is not giving you a huge amount of profit and always remember that the funds of government are coming from you as well so it only means that it was normal for banks to have a very low increase from your time deposit.
Bank is good for saving our money but not for make us rich. If we want to be rich, better invest our money on others and right now many investment instrument we can follow.
Interest in bank eaten by inflation and we should invest on something that can give us profits above the inflation rate
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. Banks are just for keep your money safe!
Banks are just for keep your money safe! Banks is not giving you a huge amount of profit and always remember that the funds of government are coming from you as well so it only means that it was normal for banks to have a very low increase from your time deposit.
Interest that bank offer always lower than inflation and its decreasing our money in the real value. Better investing our money on other investment instrumen that can give gain higher than inflation.
Central bank can not control the money supply and that trigger higher inflation.
Central bank can not control the money supply and that trigger higher inflation.
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. Banks are just for keep your money safe!
Banks are just for keep your money safe! Banks are not for investment. Its purpose is to secure your money. Only the bank owners will get rich and benefit from our savings. So if you want to get rich, do not put your money in bank. Put it in other basket such as stocks, business and here in bitcoin. There is a bigger chance to earn bigger profit and eventually become a millionaire.
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