Banks Won't Make You Rich - page 28.

whirlcoin

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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

Bank is a safe place where we can keep our money safely but some people use it as investment too but it can't be because as you said inflation will make our money less value when the days passes.If some one want to make money then invest on something but all investment with comes with risk if someone wants money then he needs to take such risks.

aoihs00

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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

Let me guess, thats coming from India considering the "Rs" currency which is INR symbol.

Yes off course many things have changed in the world and in different countries where things have gotten costly price tags now. I am sure bitcoin is good option for us to make more than 5-10% a month without doing anything. People are literally wrecking more than 100% in profits by doing the gambling and trading really. I am sure keeping your money in bank account will make the banks richer and not the user itself. Its like giving away your money free of cost to banks and they get 10-15% in interest when they give away loan to us only! Wtf? Roll Eyes

ammobile69

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Quote from: carlisle1 on April 21, 2018, 09:50:34 AM

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

Perfectly right on this mate,banks only uses our money to make them rich,but we remains as poor,given 2-6% annual interest,this is over kill for the depositors..while in crypto we can make 10-20% a day if eere lucky enough..this is why many people are using crypto now than banks because we are aware now on whatw we can have here

Yes of-course mate.I think this is the main reason that Banks are always fear about crypto world!

carlisle1

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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

Perfectly right on this mate,banks only uses our money to make them rich,but we remains as poor,given 2-6% annual interest,this is over kill for the depositors..while in crypto we can make 10-20% a day if eere lucky enough..this is why many people are using crypto now than banks because we are aware now on whatw we can have here

torch2121

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Yes that is true. Bank will not going to make you rich. Not unless you are Billionaire. Return in savings will be great if you're a Billionaire. But actual one great way to have a big return is to enter in stocks and of course trading. But this is much greater, this is what's good being in cryptocurrency. We have mining. Don't forget to invest in mining. This is one of the greatest way to get rich it has a great return when you insert your money.

kolesozw

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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

The banks main purpose is not to make you rich anyway. In many western EU countries banks now are having negative interest.
If you want your money to work for you, then put them into fund trust, not in a bank.

zedrickjuls

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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,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.

Don Pedro Dinero

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Banks won’t make you rich because they become richer thanks to you. They are not charities. When they give you a loan, they make money from the interest, and when they give you interest for leaving your money there, they also make money because they get a higher interest managing that money.

gantez

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If you observe, a real investor do not keep an investing money in the bank. Banks to me are just meant to save money not intended for use in a long time . Banks usually invest such money kept with them and pay very little fraction as interest. Interest paid on an amount kept with the bank in reality can't take the creditor anywhere.

bamboylee

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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

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.

ammobile69

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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

Topic: Banks Won't Make You Rich - page 28. (Read 1782 times)