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Author Topic: Banks Won't Make You Rich  (Read 1778 times)
jayyen
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May 08, 2018, 10:58:41 AM
 #461

Banks are very ungrateful even when they are using your money to enrich themselves. They will never make anyone rich.They loan the money we save with them and take all the profits.Some banks even deduct money from your saving account. This is very greedy and anyone who wants to be rich should not focus on buying banks treasury bills or whatever. Invest your money in crypto and thank me later.
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cluit
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May 09, 2018, 09:29:56 AM
 #462

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 think your right mate banks are only to keep your money safe,a small tiny increase they can add on only to your savings,rather than bitcoin if you just strive and do efforts through joining campaigns it will automatically increase more of your money.
These both have their own pros and cons. I believe banks are the powerful asset that we people have right now. They can save our money, invest our money without giving us any headache, give possible little interest to our money.

While on the other side, bitcoins are little bit risky but they have got great opportunity to shine our investment and make it double or triple. So both are amazing.
Ngewex Yuk
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May 09, 2018, 09:42:15 AM
 #463

This is true, banks will never make us rich if saving, but banks can make rich if we borrow and we use for business or investment, by getting 15% bank interest per year then this is not profitable if we saving, whereas with business or our investment can earn profits up to hundreds of percent.

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May 09, 2018, 09:51:11 AM
 #464

Banks without money would not make anyone rich. Banks with money can make hackers, and corrupt person rich in split of seconds. Banks will give just .00000011112233 or .1 or 10%. Every amount of your investment have an equivalent the higher the investment the higher percent, the lower the investment the low percentage. All depends in the money you put and the banks system.

In fairness banks is where we can store our wealth, jewelries and important documents of our assets. Banks has regulated interest rate that is why it is below expectation and cannot make you rich but can help you have a savings for future use.
kateryana81
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May 09, 2018, 10:05:38 AM
 #465

Banks are use only for saving purposes and your money is destined to be keep there forever unless you put it in some investments. Time deposits and other investment funds can make your money grow but it will take time but the risk is lesser than investing in cryptocurrencies. If you have the skills in risk management, you can earn a lot of money in the high-risk cryptocurrency trading because the highef the risk, the higher the rewards.
Yeah you are right. Banks only keep our money and will not give any good profit against our holdings. Banks are not for earning money. Every individual should do his own business or any work for earning money. Use some for his daily needs and keep the rest in the banks. Just keeping our money safe is a big thing because nobody can keep big money in house.
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May 09, 2018, 10:08:27 AM
 #466

If you rely on bank interest of no more than 1% per month then it is difficult if you want to succeed and rich from banks, dare to risk with business or investment then the money will double in a short time, I've proven it and if you are interested please send PM to me.


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Guapongbadoy
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May 09, 2018, 10:30:22 AM
 #467

You're right but it helps you to save your money although it looks like dead, but atleast if you don't know how and when you will use it, just put it in the bank for the mean time until you know when to use it and how.
Britanshio
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May 09, 2018, 11:40:09 AM
 #468

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.
Yeah banks will not make as rich but it was helpful also when it terms to save your money and keep it just to secure your family in the future.But the goodness of bitcoin was  can make your money grow.
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May 09, 2018, 01:36:42 PM
 #469

They are very greed set of persons and selfish, they only want e rich them selves ,the only good they can do is security of money and grantee .
Yeah you are right. Banks used the money of their customers for their own well and not for them. They only give us security, but all the advantage of having money is taken by them. I think that one should not put his money in current account but also in saving account to get profit against his savings. Thus we can take some advantage of our holdings,

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ejarales
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May 09, 2018, 01:50:44 PM
 #470

Yes, Banks wont really make you rich nor make your money doubled. The only purpose of bank is to secure your money so basically, your money won't move. It will just stay to the bank until you pulled it out. Better go on investment.
robbietobby
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May 09, 2018, 01:55:25 PM
 #471

With small amount of interest, bank won't aid you without higher monetary value. It is highly proven and tested the way how things supposed to when all my friends started talkin' about banks value.
Nylesor
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May 09, 2018, 01:56:28 PM
 #472

Bank wont make anybody rich if they dont know how to use their borrowed funds properly. And will not definitely make someone rich who use bank only to save their money because of very lowinterest rate. But banks may give opportunity to those who knows how to use their funds wisely.
yoseph
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May 09, 2018, 02:14:17 PM
 #473

Yes, Banks wont really make you rich nor make your money doubled. The only purpose of bank is to secure your money so basically, your money won't move. It will just stay to the bank until you pulled it out. Better go on investment.
The purpose of the banks is to only enrich themselves and they do it by using the funds that their customers have invested or saved at their banks. If you look at the interest they add to the accounts of the of its customers it’s teally ridiculous.
BlackSeaConqueror
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May 09, 2018, 02:17:23 PM
 #474

yes, it is true. by only saving your money at the bank, wont make you rich. the interest usually lower than inflation rate
DiamonDogs
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May 09, 2018, 02:18:47 PM
 #475

Well, as far as I know, the purpose of Bank is to secure your funds, not for making you getting rich. Honestly, I don't have any background in Banking.
But my friends can get more income by depositing his funds to Bank, and I not sure how much his profits while depositing in Banks.
I do believe, invest in crypto still better, as long you doing it right and choosing good crypto assets.  
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May 09, 2018, 02:55:00 PM
 #476

Bank was never setup to make you rich, except for some investment  policy they have which is mostly enjoy by whales as the commission is to the advantage of individuals with huge amount of money, Advantage  of  cryptocurrency you are sure to become rich overtime if you are strategic in your approach to your investment.
bitcoinsocial09
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May 09, 2018, 04:04:25 PM
 #477

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


Yeah you have a point, bitcoin is only a platform which you can save your money. Yes, there's an interest but it is not so very big unlike in bitcoin you can invest your money and also you can gain a lot of profit. In that, they will gain money or bitcoin and there's a lot of people now become roch becaise of bitcoin. Bank is only for those people who only wabts to save and to keep their money.

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Coinky
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May 09, 2018, 04:40:48 PM
 #478

Yes,Banks wont make you rich,but they don't make you poor even
Banks offers almost zero risk,but less returns

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Mbah Djoko
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May 09, 2018, 04:47:45 PM
 #479

Please do not ever think rich with saving in banks, it's the same time you give time and money because we do not get any benefit even though we get interest banks that only 12% per year.

great
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May 09, 2018, 04:55:26 PM
 #480

Ofc they wont, and they never did it, for instance you put money to deposit, you have a small profit but there is inflation that eats it, so you never win with it, but banks win always, i would recommend to invest in securities, or in crypto since it exists.
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