Topic: Banks Won't Make You Rich - page 21. (Read 1782 times)
I realize that keeping money in the bank as savings for future use or for your children is waste of resources. It will be more valuable if that money is used to purchase real estate or invested in Bitcoin.
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! Yes that is so true that the bank will never make you rich especially when you are in this point of time because the interest that you will gained in banks are more.or less 1% from all you have money invested and that is annually. That is a low money very low actually not unless you own a bank that will gabe you a lot pf money and became rich. But being normal is not enough. Try cryptocurrency you will mot waste 2 year gaining a little amount of money you can gain a lot more buy just months if being lucky enough. But remember it have a risk in it if you want safe them do banks
Yes, that is true. because the money we save in banks is getting less and less value. No wonder each bank uses a large policy of different interest. every month alone can increase. things like this can also happen due to the weakening of the fiat currency exchange rate againts the USD.
Banks will never make you rich. This is not their task. The bank simply saves your money. The interest rate given by the bank is a direct reflection of inflation in the country. That is why in the third World the percentage can reach more than 20%, while in Switzerland this value does not exceed 1-2%
Absolutely right, the Banking system is not for your financial benefit, it just serves to you as a keeper. I think if you save your money in the conventional bank then you will get a lump sum amount of money after a period of time, but if you invest the same amount of money any other platform then you must get better benefit from your investment if other things remain same. So bank never make you rich.
yeah, you're right. the bank only has the duty to save the money you have. if you want to be rich, then work hard. the bank only takes a deduction from the fee. that's what I know, but I do not know if you're working with a bank, I've never done that before. 
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! Savings in the banks is not investing buy you just making your money to sleep and making the bank to become richer because they are the one who will invest your money thru projects and multi purpose loans to there clients with high interests rate but if you will invest you money to entrepreneurships and investments like Crypto currencies investments, although its a risk but high chance for you to become rich thru return of investments.
Absolutely right, the Banking system is not for your financial benefit, it just serves to you as a keeper. I think if you save your money in the conventional bank then you will get a lump sum amount of money after a period of time, but if you invest the same amount of money any other platform then you must get better benefit from your investment if other things remain same. So bank never make you rich.
Banks main purpose was to store your cash and not to generating more cash from it, despite the interest they give to you mostly your fund will lose the value overtime and you will be charged with lots of fee. If you're looking to be rich from bank, perhaps you should join their investment or fund manager managed inside the bank. Therefore your money won't be stored but invested whether in stocks or forex market however you should know that every investment has a risk and you won't be rich if you never take a risk. 
in theory, the bank provides security and profit but is very small and the risk of loss is very nearly non-existent. with a small profit is already much get people interested but thus there is harm. they didn't see the potential outside the bank as the current crypto.
if you want to be rich, you have to work diligently lol
some investors who have joined the world cryptocurrency save the profits invest in the bank, the bank is only a means to save or store someone's wealth. unlike cryptocurrency, cryptocurrency is a place to invest or make a profit in order to gain wealth. so basically banks and cryptocurrency can not be separated or used from one of them. banks and cryptocurrency can complement each other to seek wealth, but with a note you are good at playing or running a strategy.
some investors who have joined the world cryptocurrency save the profits invest in the bank, the bank is only a means to save or store someone's wealth. unlike cryptocurrency, cryptocurrency is a place to invest or make a profit in order to gain wealth. so basically banks and cryptocurrency can not be separated or used from one of them. banks and cryptocurrency can complement each other to seek wealth, but with a note you are good at playing or running a strategy.
Yes, I agree with you, if you save $10,000 in the bank, you'll get a little extra interest a year later.
If you buy $10,000 in bitcoins, you might get $2- $100, 000 a year from now.
So the bank doesn't get more money in the bank, but it's safe. If you invest in bitcoin, you're going to get a lot of profit, but there's a risk.
If you buy $10,000 in bitcoins, you might get $2- $100, 000 a year from now.
So the bank doesn't get more money in the bank, but it's safe. If you invest in bitcoin, you're going to get a lot of profit, but there's a risk.
If you think that by saving money in the Bank becomes your way to achieve wealth, then you are wrong. This is why most Americans never again become rich, while wealthy people who own assets are increasingly prosperous.
indeed but banks is not maiden to make there Customer rich its only a place to keep your money safe even do a lot of banks got fall the point is if you want your money to increase make a move do a business invest it in thing you think it can be pump
saving in the bank gives only very small profits. If the same saving of course for those who already know the crypto will make into the options. However, the risks are also great because the results are also very promising in crypto.
indeed the purpose of the bank itself is not to enrich its customers, but to help its customers to invest the money because the small risk is definitely small profits, banks only move in the field of savings and loans not in the business of trading money or stocks that dapt generate greater profits, and in bank money is kept with the same balance amount in the sense that we take the amount will not change to follow the exchange rate with the dollar is different with the example of gold, if we save where we sell the price will change according to the exchange rate so that the profits will be greater
Yet, we all know Banks charge crazy interest rates and admin fees, but we still use them. The whole system is rigged to keep the rich from becoming poor and the poor from becoming rich. You can only make money, if you have a lot of it, because money makes money.
The rich and powerful people know this, so they make sure that instruments like Banks use their money to keep poor and middle class people bogged down in debt. Who will borrow their money at high interest rates, if everyone was rich?
We are the little hamsters, running in the wheel of debt.
The rich and powerful people know this, so they make sure that instruments like Banks use their money to keep poor and middle class people bogged down in debt. Who will borrow their money at high interest rates, if everyone was rich?
We are the little hamsters, running in the wheel of debt.
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! Yes i truly believe that, banks wont make you rich and they will just get more money from you if you will time set a time deposit on their company, cryptocurrency will be more profitable in the future because of the demand in the market hat is keep on increasing.
the bank is a place to save money and not a place of investment, I think we will only get very little money from the bank, one way to get a lot of money from the bank is to rob it
banks gives you an annual interest per year depending on how much balance you have on them , therfor it is called investing because you still manage to earn thru it.
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one way to get a lot of money from the bank is to rob it
Lol wtf. Are you completely out of your mind? you can straightly go to the jail whenever you attempt doing this kind of insane idea.
sure banks wont make you rich but the security that banks can give in regards to your money is 100% solid.
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!
Then whos the one who do think up this kind of dumb thing? On where he do treat storing up money on banks can make you rich? We don't know that banks are just created for solely purpose as a safe or storage of our local fiat? Then we should go back to school and do learn up basic things because we all know that banks aren't those things which you can able to make investment. Banks are just for keep your money safe!
I agree. Banks are just for safe keeping and every time you will be withdraw there are huge fees that banks eat up. I think millionaires are the only person who loves the services of banks when it comes to amounts of interest.
But sure there is nowhere safer than banks. Backed up and run by the government. If you keep your wealth in your houses, your lives are in danger as well as if you will be carrying it around with you.
Banks make it convenient for us to use money even money is within the banks through credit cards so practically, it is good to use. It just DO NOT MAKE YOU RICH.
But sure there is nowhere safer than banks. Backed up and run by the government. If you keep your wealth in your houses, your lives are in danger as well as if you will be carrying it around with you.
Banks make it convenient for us to use money even money is within the banks through credit cards so practically, it is good to use. It just DO NOT MAKE YOU RICH.
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