Banks Won't Make You Rich

[ammobile69]

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! 

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[bamboylee]

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.

[gantez]

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.

[Don Pedro Dinero]

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.

[zedrickjuls]

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! 

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.

[kolesozw]

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! 

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.

[torch2121]

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.

[carlisle1]

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! 

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

[ammobile69]

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! 

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!

[aoihs00]

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! 

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? 

[whirlcoin]

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! 

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.

[Jonsnowstark]

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.

[Ca.ming14]

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.

[wantjokull]

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! 

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.

[zngit]

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.

[ahmad21]

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.

That is right. When you save your money in banks...you get two advantages:
(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.

[@theman]

Interestingly, now it makes sense to buy bitcoin or other crypto-currencies? I also want to be very rich)

[lablab03]

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.

[CASTIEL05]

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.

[f150]

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.