Banks Won't Make You Rich - page 23.

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Quote from: ammobile69 on April 21, 2018, 08:53:59 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

I agree on that, banks today has a very low amount of increase on their scale if you place on their company and that is the reason why people is choose cryptocurrency over setting their fiat on a time deposit.

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Quote from: ammobile69 on April 21, 2018, 08:53:59 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

I agree with this, investing into any banks cannot make anyone rich, because banks are there just to keep safe of our money with too small interes without the ability to enrich people. If you really want to be rich, then make a decent way of how to get rich and not that you just hope with what the banks can give you.

rachelia13

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Quote from: ammobile69 on April 21, 2018, 08:53:59 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

I agree with your opinion, saving in the bank is just to keep our money safe but can not make us rich because the interest given is very small, not worth it with the administrative costs imposed. And if the balance of your savings a little, you wull lost your money because it will be deducted administrative costs every month. I prefer to use my money as capital to trade bitcoin/altcoins for earn some profit that may be can be ten times more than the interest from the bank. I only use the bank as a place to saving my profit from trading bitcoin/altcoins that i used for fulfil my daily needs.

imstillthebest

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Quote from: Rossy Akbar on April 22, 2018, 06:48:37 PM

It does make you rich if you keep saving your money, and never use them for the long term. It was a job desk for the Banks company to help saving peoples money with high security. So, if you wanna get rich, just investing in bitcoin then save your money at Bank.

there is only a small interest if ever you keep your money on banks but the security as you said earlier is more secure , so overall banks cant make you rich but it will only help you protect your money more effectively if ever you like to save manually. if you want to get rich then much better if you can just invest on bitcoin or in any other alts because cryptos is a verry sure way to boost your earnings although the risk is also big. At the end of the day , you need to decide on whether you will face the risk and get rich or stay on the safe zone without getting real profits

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It does make you rich if you keep saving your money, and never use them for the long term. It was a job desk for the Banks company to help saving peoples money with high security. So, if you wanna get rich, just investing in bitcoin then save your money at Bank.

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Quote from: billtonz123 on April 22, 2018, 01:03:06 PM

Yess thats agree, bank just a safetly your money not give you become rich, if you wanna rich you can start for investment like a gold, stock, land, bitcoin or etc. But choose right investment because all investment have a risk

investing in gold is not gonna make you rich neither. It is increasing like 1% per year, or maybe 2%.. So tell me, how the hell can you be rich by investing in something that you need to wait 100 years to make a x2?

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Quote from: ammobile69 on April 21, 2018, 08:53:59 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

Yes,you are absolutely right! Bank won't make you rich even you save all your money in the bank,it only keeps your money safe,better invest in bitcoin because there is a great chance to become rich here.

billtonz123

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Yess thats agree, bank just a safetly your money not give you become rich, if you wanna rich you can start for investment like a gold, stock, land, bitcoin or etc. But choose right investment because all investment have a risk

BillCoin

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Banks are not supposed to make you rich as most of the people who saves their money in the bank do it because they get an interest which is usually really small but it's much more stable then investing it in cryptocurrency or something like that.
Bitcoin is very risky investment and it's not for people who can't afford losing their money, some people are working hard for their money and it's something they rely on, so they can't lose it.

okissabam

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Yes I agree with banks not making us rich because they are not the ones putting money in the bank. We ourselves makes us rich, if we strive hard enough to earn money. The banks are just there for safe keeping, hoping the banks will not close too but basically banks are the safest place you can place your money.

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Quote from: ammobile69 on April 21, 2018, 08:53:59 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

Quote from: Nahl on April 22, 2018, 11:32:54 AM

banks will never give high annual interest even more likely they will give low annual interest to their consumers but maybe the good things if you save your money to the banks is they can ensure your funds are secure because usually banks will supported by government and if you want to increase your money then investment into the banks is not good choice

Yes it's true that bank can't make you rich because only few percent that you will get even you save it in long period of time.Better invest in bitcoin to get a better return

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Quote from: princess.tyche on April 22, 2018, 12:03:23 PM

Yes, that is so true. Banks won't make you rich, but banks can guarantee your money's safety, because the smaller their interest rate is, the saver your money will be. If you want to be rich, you can just invest your money into something worth, such as stocks, property, open up a bussiness, etc.

And if they messed up and the people's money isn't safe or gone they just get bailed out Cheesy

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Yes, that is so true. Banks won't make you rich, but banks can guarantee your money's safety, because the smaller their interest rate is, the saver your money will be. If you want to be rich, you can just invest your money into something worth, such as stocks, property, open up a bussiness, etc.

Nahl

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banks will never give high annual interest even more likely they will give low annual interest to their consumers but maybe the good things if you save your money to the banks is they can ensure your funds are secure because usually banks will supported by government and if you want to increase your money then investment into the banks is not good choice

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I do not like to deposit money into the bank. The interest paid to me is very low. I like to take my money to invest to get more profit than to have to store them. And I know this danger can make me lose everything. But I accept it to get rich if I invest well.

fiulpro

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I do think that they won't make you rich but with constant investments they won't make you poor either.
There is something in a bank that's safe .. gaurded by the government and is excellent when considered as a source of huge investments where you cannot take risk.
Also besides bank I do think that gold holds something similar in value.
Cryptos are too volatile to be honest thus we cannot soley depend on them .

YzzyGo

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Well, banks never did claim that you will profit big by putting your savings in them for safe keeping. They are technically there to keep your money safe and so you can have full access to your funds without carrying any cash using your atm card. Banks will play a major role in our lives whether we like it or not.

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Quote from: ammobile69 on April 21, 2018, 08:53:59 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

You are the one who could make yourself rich not anyone. And I think it is not also safe to make them secure your money, therefore blockchain was made for us to secure it for ourselves.

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Quote from: ammobile69 on April 21, 2018, 08:53:59 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

It is true that no one has become rich because of putting their savings in the bank. You may be rich if you use your money for something else. Like making your own business you can earn, the more money you earn the more likely you are to get rich and learn to invest in cryptocurrency you will make a profit too.

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Quote from: ammobile69 on April 21, 2018, 08:53:59 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

I agree with you on this point. That's what the banks do. They give our monies out as loans to others and take huge interests on them as profit for their own gains without any tangible interest rate giving to the depositor. This contemporary world needs the decentralized mode of transaction offered by Blockchain technology - offers save, fast and low cost of transactions and even in the end get to enjoy massive profits.

Topic: Banks Won't Make You Rich - page 23. (Read 1782 times)