Banks are making money on you and are making u poor.... PS: It is not a joke
Topic: Banks Won't Make You Rich - page 27. (Read 1782 times)
You really think any bank will make u rich ? Banks are making money on you and are making u poor....
PS: It is not a joke
Banks are making money on you and are making u poor.... PS: It is not a joke
Why bank would make you rich? People are using bank just for the services like money transfer, loans etc. Except if you hold a share/stock of that specific bank.
This is the right thing to do, don't entrust your funds solely in banks because the interest is so small that you will not earn something if inflation is taken into consideration.
Yes its true, banks wont make us rich, so we have to separate our savings, make more investment, provide business to earned more profit.
This is the right thing to do, don't entrust your funds solely in banks because the interest is so small that you will not earn something if inflation is taken into consideration.
It's okay for me the bank just to keep all the money in the money, not called an investment because there is no increase in the amount of money every day, of course it will not make everyone get rich, and obviously the bank is just a means to save all the money, if you want getting passive income better saves money to invest in bitcoin, explain the prospect of bitcoin work to increase income every day, rich banks is the only means of storage for me.
Bitcoin can make you rich. saving money, then the right choice is to buy bitcoin, you do not even need to do anything. but if you want to be richer, then try to keep getting bitcoin. the longer the value will be more expensive. then let's talk about this again 5 years into the future.
Who even thought about bank interests rates are gonna make you rich?
Banks are only there to keep your money safe, it was never intended for someone to passively attain money doing nothing.
If you wanted to get rich whilst doing little or nothing it's probably better to invest in market stocks, businesses that people would good money for (i.e Dorm/Appartments, LAN Cafes, etc. [both are big, and demanded even in Philippines]) And you just get a bank account to keep your earned money, bank interest are only there as an incentive, it's okay, but not really enough to make you "rich."
Banks are only there to keep your money safe, it was never intended for someone to passively attain money doing nothing.
If you wanted to get rich whilst doing little or nothing it's probably better to invest in market stocks, businesses that people would good money for (i.e Dorm/Appartments, LAN Cafes, etc. [both are big, and demanded even in Philippines]) And you just get a bank account to keep your earned money, bank interest are only there as an incentive, it's okay, but not really enough to make you "rich."
Yes its true, banks wont make us rich, so we have to separate our savings, make more investment, provide business to earned more profit.
If you don't have hardwork you'll depend on a simple task that given to you and earn with no difficulties you cannot be rich with it by using btc because if you want to become rich from it you need to gain knowledge and have some hardwork from it.
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! 
You're right. But it's not the banks ' fault. The government decides on the issue. In government, have long been involved the whole clan. They hold on and fight among themselves for access to the Treasury. The mistakes they decide from the savings of ordinary people. That's the reason I never keep money in banks. Banks are just for keep 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!
Banks are just for keep your money safe! 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.
It is clear that in order to earn a profit, it is necessary to participate in a real business, sell a product or provide a service.
A Bank customer does not just have to beat inflation, because they have to beat the huge fees that are added to the transactions and the fees that they have to pay to use their service.
A while ago I paid 10% of my transactions in fees, when I withdraw cash and it increase as the amount increased. The Banks also charge high interest on the loans and credit they provide.
They Banks do not care about the customer, they are just focused on profit for their shareholders.
A while ago I paid 10% of my transactions in fees, when I withdraw cash and it increase as the amount increased. The Banks also charge high interest on the loans and credit they provide.
They Banks do not care about the customer, they are just focused on profit for their shareholders.
the bank just to save your money and for security you have to pay a fee to the bank, so how can it be rich if saving money in the bank. invest better if you want to be rich because your money will increase, will not decrease as it keeps your money in investment. unlike in the bank that charges you.
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!
There are banks who offered a small interest rates where you can start to save up your money. Yes, we will not become rich when we will save our money in banks but we have an assurance that our tomorrow is at the good hands. Saving is different from investing, if you want to become rich, you must invest your money than to save it in your bank accounts. Banks are just for keep your money safe! 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.
honestly pal its not like that IMO, 'cause indeed banks is the most reliable place which we can put our money without doubts unlike online wallets. But you have point which is much better to invest on bitcoin rather than keeping our money on banks because it will not grow on banks honestly. so much better to dump some and make some investment to earn profits or to multiply our money.
Interestingly, now it makes sense to buy bitcoin or other crypto-currencies? I also want to be very rich)
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.
It is not suppose to make you rich anyway, it is made to keep your money safe. If you want to get rich, start a business and a passive income. Anything that makes you money even with minimal time spent can make you more money that keeping it in a bank. That is why it is always advised to put money on investments like stocks, mutual funds, assets and in here, bitcoin and altcoins.
(i) It encourages you to save more n more.
(ii) And also the interst rate is an added incetive.
But then yes of course you have got a correct point. The iterst rate is very low. So investing in the share market and the crypto market is the best option. This can get you very good returns.
It depend on how much you save. If you save a little amount of money then it will not make you rich even an enoughpprofit couldn't. If you save more and more like millions of money in the bank then pretty sure it will help you to become more richer. Rich will become more richer while the simple will become rich 100years to past in the banks situation.
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! Indeed. They are disastrous in any time frame you consider them.
I mean if you check the rates of their different asset keeping then you see this picture :
Fixed Deposite : This is a joke Interest @ 7% per annum.
Recurring Deposit : Interest @ 4% per quarter (Still joke)
Savings : Interest @3.5% per annum (Thats joke of the era)
Now tell me how to cop up these rates and can any one please tell banks to stop working.
We are earning sum of the all interest altogether in just one day or sometimes with week and so on. If we add up all the types of earning methods then off course its more than that.
I agree. Here in our country the main use of banks is for savings and security, it will not make you rich though banks can help you become smarter in holding your money.
Of course they wont. They'll give you earned interest for your savings or cd but then they charge you huge fees. They allow you to borrow money but they decide what percentage you can arrange it. A bank is a business, so in no way will a business want to lose money.
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