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Topic: Banks Won't Make You Rich - page 6. (Read 1789 times)

sr. member
Activity: 1932
Merit: 442
Eloncoin.org - Mars, here we come!
May 08, 2018, 01:29:13 AM
Yes. Banks won't make you rich, it is true. It has a little interest in the beginning, it is not even enough to save. The value gets lower as the year pass. You won't get rich by just saving because of the inflation. Banks won't make you rich, because the purpose of it is to keep your money safe, if you're looking forward to its interest to earn, then you should withdraw your money and start business.
full member
Activity: 406
Merit: 121
May 08, 2018, 01:08:33 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

Banks are making money from investors money,  They set high interest rate when they give loan to others and give small interest rate to invrstors. Bank also invest investors money to other type of physical business. 
newbie
Activity: 182
Merit: 0
May 08, 2018, 12:45:59 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

Exactly! Only the owner of the bank will ger wealthier. When we deposit for savings we just can receive very small percentage of interest. When we fail to deposit for a longer period of time  little by little our money diminish since we are paying a fee for storing your money in thier bank.
member
Activity: 350
Merit: 12
May 08, 2018, 12:37:37 AM
banks won't make you rich but you yourself will make you rich.The role of the bank is a safe keeper although we can gain percentage but it just a small amount plus it will be deducted to some bank charges.If you want to get rich, work hard with of course good strategies then sve some in the bank and some for business capital.
hero member
Activity: 700
Merit: 500
May 08, 2018, 12:15:26 AM
I've realized this long ago. Therefore the assets I have her home part I save in my bank and the rest allocated to invest in crypto. Indeed at risk but if long term I am sure the results were better than the stored in the bank.
You have made a wise decision. Crypto investments are far better than saving money in banks in terms of profits.Banks run on the money they get from their customers. They invest it into other businesses and generate a good revenue out of it.

Not only this, there are painful rules plus high charges and low share in the profits whereas crypt currencies do not charge anything and skyrocket capital after some time.
member
Activity: 308
Merit: 10
May 07, 2018, 02:44:48 PM
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

That is what centralization has to offer man. You do the heavy toil, save it with them, earn significantly no interest, and they feed on your hard earned money as they give them out as loans to your own family members/friends with high interest demand attached.
Decentralization is what man needs. Be the master of your own finances and transactions and also get the opportunity to invest in portfolios which will shape your life in all aspects - Blockchain technology is the solution.
Banking is very difficult if you save your money in bank so your money will never gain in profit rather your money will more reduce in your account by cutting in many ways, so it will very beneficial for you to invest your money in digital currency as like bitcoin because bitcoin will give you many opportunity to lead your task and I think government should support to bitcoin because its benefits are totally for their citizens and that's why a country's economy will more improve.
jr. member
Activity: 55
Merit: 10
May 07, 2018, 02:42:34 PM
people think they can benefit from saving money in the bank, but the interest offered by the bank is very small? it will not be worth for your money and the length of time you wait, bank is not a place to get rich mate? if you want to get rich looking for profitable commodities like bitcoin, gold or real estate

banks with low deposit percents are only needed for storing money in a safe place. in other case investing in cryptocurrency is more profitable.
Almost anything is more profitable than 0.1-1% you can make storing money in a bank account. You will be losing money actually, as inflation in the US is 3-4%. Stock market, US trasury bonds, crypto, etc - anything will be more profitable, risk will also vary though
member
Activity: 714
Merit: 14
May 07, 2018, 02:26:47 PM
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

That is what centralization has to offer man. You do the heavy toil, save it with them, earn significantly no interest, and they feed on your hard earned money as they give them out as loans to your own family members/friends with high interest demand attached.
Decentralization is what man needs. Be the master of your own finances and transactions and also get the opportunity to invest in portfolios which will shape your life in all aspects - Blockchain technology is the solution.
full member
Activity: 1316
Merit: 105
May 07, 2018, 02:20:43 PM
people think they can benefit from saving money in the bank, but the interest offered by the bank is very small? it will not be worth for your money and the length of time you wait, bank is not a place to get rich mate? if you want to get rich looking for profitable commodities like bitcoin, gold or real estate

banks with low deposit percents are only needed for storing money in a safe place. in other case investing in cryptocurrency is more profitable.
hero member
Activity: 700
Merit: 500
May 07, 2018, 01:53:17 PM
Bank can secured only your money and not to work for you to become rich. Its better to put your money in any investment, bank can teach you for saving your money but most the bank offer some stock market or mutual fund. If you want to be profitable join in any investment.
In fact they are giving a small amount as an interest but holding your big amount of money and in response getting a small interest in not can make you a rich person, through this you are just wasting your time and devaluing your money, i think that you should invest your money in a profitable business and should start trading where you can make a good amount of money from trading which can make you rich in no time.
newbie
Activity: 94
Merit: 0
May 07, 2018, 02:51:14 AM
Bank can secured only your money and not to work for you to become rich. Its better to put your money in any investment, bank can teach you for saving your money but most the bank offer some stock market or mutual fund. If you want to be profitable join in any investment.
newbie
Activity: 66
Merit: 0
May 07, 2018, 02:39:38 AM
yes! banks will not make you rich. but if you have a lot of money, it's better to keep it with the bank, because it's safer.
full member
Activity: 1134
Merit: 103
May 07, 2018, 12:49:49 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 right, I think so too. Saving at the bank I think it's harming us without us knowing because of the monthly balance deductions. But the community does use bank services just to keep their money to look more secure but there is a deposit of their money in the bank as well but the benefits are normal

Banks are ruling us even though we are valuable customers, they make money one the basis of deposits and investment we do. Even they are setting some restriction for us for withdrawing and depositing. They won't make us rich because bank owners will become rich by making through our investment.
legendary
Activity: 966
Merit: 1004
CryptoTalk.Org - Get Paid for every Post!
May 07, 2018, 12:35:53 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

Banks are clearly not an job or business for us to make rich maybe the employees of it can become rich someday. It was build to save our money for a certain time until when we wanted to release or withdraw our money. We can earn from. It just a very little amount its a kind of bonus for trusting their services to kept our money in their safe system.
full member
Activity: 420
Merit: 100
CAT.EX Exchange
May 06, 2018, 11:54:48 PM
Of course Banks will never make us rich. Conversely banks are rich because of us. Every time we save money in the bank they will manage our money and they make a profit from the velocity of money. Then if we borrow money in the bank they can also profit because we pay a high interest.
Banks are just a place to store and borrow money. It's better if we have the money we buy bitcoin then wait a few years then our money will turn into more.
newbie
Activity: 140
Merit: 0
May 06, 2018, 10:41:37 PM
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 right, I think so too. Saving at the bank I think it's harming us without us knowing because of the monthly balance deductions. But the community does use bank services just to keep their money to look more secure but there is a deposit of their money in the bank as well but the benefits are normal
full member
Activity: 476
Merit: 100
May 06, 2018, 09:38:51 PM
Bank deposits, even on yheir time deposits will just give you as high as a percent per annum if you're lucky. That is before taxes and you will not have access tp your money 24/7. It's not a very reaslistic investment for your money. If you're just using your bank to keep your money instead of your house then it's fine, but never as a financial investment.
sr. member
Activity: 1638
Merit: 300
May 06, 2018, 09:37:43 PM
Yes true, by putting all the money in the banks then it will not make any changes, banks are only suitable to meet the daily needs, if our goal is to get profit then the best solution is investment and business.
people think they can benefit from saving money in the bank, but the interest offered by the bank is very small? it will not be worth for your money and the length of time you wait, bank is not a place to get rich mate? if you want to get rich looking for profitable commodities like bitcoin, gold or real estate

The purposes of banks is not to make people who put their money on them will be rich, these interests are just a way for people to be attracted on putting their money on their banks. Why do we need to say these since this is not the purpose of the banks in the first place?

If you want to be rich, you can invest and you can also trade. In terms of Bitcoin you can save them  but I think it is better if you are using them to invest so you can also have a profit and you can also move your money into something that will be adding their quantity and not only their quality.
sr. member
Activity: 1162
Merit: 251
May 06, 2018, 09:33:29 PM
Yes true, by putting all the money in the banks then it will not make any changes, banks are only suitable to meet the daily needs, if our goal is to get profit then the best solution is investment and business.
people think they can benefit from saving money in the bank, but the interest offered by the bank is very small? it will not be worth for your money and the length of time you wait, bank is not a place to get rich mate? if you want to get rich looking for profitable commodities like bitcoin, gold or real estate
newbie
Activity: 123
Merit: 0
May 06, 2018, 08:53:58 PM
I think so. I see banks just for savings not to make you money but to keep your money. They just helping us to keep the money we earn but we need to work hard for us to become rich. We will not become rich by having small interest from banks.
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