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Author Topic: Banks Won't Make You Rich  (Read 1778 times)
Jingjess
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April 22, 2018, 04:15:06 PM
Last edit: April 22, 2018, 10:46:03 PM by Jingjess
 #101

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 will never give high annual interest even more likely they will give low annual interest to their consumers but maybe the good things if you save your money to the banks is they can ensure your funds are secure because usually banks will supported by government and if you want to increase your money then investment into the banks is not good choice




Yes it's true that bank can't make you rich because only few percent that you will get even you save it in long period of time.Better invest in bitcoin to get a better return

okissabam
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April 22, 2018, 04:21:17 PM
 #102

Yes I agree with banks not making us rich because they are not the ones putting money in the bank. We ourselves makes us rich, if we strive hard enough to earn money. The banks are just there for safe keeping, hoping the banks will not close too but basically banks are the safest place you can place your money.
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April 22, 2018, 04:21:54 PM
 #103

Banks are not supposed to make you rich as most of the people who saves their money in the bank do it because they get an interest which is usually really small but it's much more stable then investing it in cryptocurrency or something like that.
Bitcoin is very risky investment and it's not for people who can't afford losing their money, some people are working hard for their money and it's something they rely on, so they can't lose it.
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April 22, 2018, 05:03:06 PM
 #104

Yess thats agree, bank just a safetly your money not give you become rich, if you wanna rich you can start for investment like a gold, stock, land, bitcoin or etc. But choose right investment because all investment have a risk
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April 22, 2018, 10:42:32 PM
 #105

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 absolutely right! Bank won't make you rich even you save all your money in the bank,it only keeps your money safe,better invest in bitcoin because there is a great chance to become rich here.

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April 22, 2018, 10:43:39 PM
 #106

Yess thats agree, bank just a safetly your money not give you become rich, if you wanna rich you can start for investment like a gold, stock, land, bitcoin or etc. But choose right investment because all investment have a risk

investing in gold is not gonna make you rich neither. It is increasing like 1% per year, or maybe 2%.. So tell me, how the hell can you be rich by investing in something that you need to wait 100 years to make a x2?


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Rossy Akbar
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April 22, 2018, 10:48:37 PM
 #107

It does make you rich if you keep saving your money, and never use them for the long term. It was a job desk for the Banks company to help saving peoples money with high security. So, if you wanna get rich,  just investing in bitcoin then save your money at Bank.
imstillthebest
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April 22, 2018, 11:17:41 PM
 #108

It does make you rich if you keep saving your money, and never use them for the long term. It was a job desk for the Banks company to help saving peoples money with high security. So, if you wanna get rich,  just investing in bitcoin then save your money at Bank.

there is only a small interest if ever you keep your money on banks but the security as you said earlier is more secure , so overall banks cant make you rich but it will only help you protect your money more effectively if ever you like to save manually. if you want to get rich then much better if you can just invest on bitcoin or in any other alts because cryptos is a verry sure way to boost your earnings although the risk is also big. At the end of the day , you need to decide on whether you will face the risk and get rich or stay on the safe zone without getting real profits
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April 23, 2018, 01:15:44 PM
 #109

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 agree with your opinion, saving in the bank is just to keep our money safe but can not make us rich because the interest given is very small, not worth it with the administrative costs imposed. And if the balance of your savings a little, you wull lost your money because it will be deducted administrative costs every month. I prefer to use my money as capital to trade bitcoin/altcoins for earn some profit that may be can be ten times more than the interest from the bank. I only use the bank as a place to saving my profit from trading bitcoin/altcoins that i used for fulfil my daily needs.
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April 23, 2018, 02:06:30 PM
 #110

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 agree with this, investing into any banks cannot make anyone rich, because banks are there just to keep safe of our money with too small interes without the ability to enrich people. If you really want to be rich, then make a decent way of how to get rich and not that you just hope with what the banks can give you.

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April 23, 2018, 02:08:54 PM
 #111

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 agree on that, banks today has a very low amount of increase on their scale if you place on their company and that is the reason why people is choose cryptocurrency over setting their fiat on a time deposit.
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April 23, 2018, 02:13:34 PM
 #112

investing in gold is not gonna make you rich neither. It is increasing like 1% per year, or maybe 2%.. So tell me, how the hell can you be rich by investing in something that you need to wait 100 years to make a x2?




Gold is not suppose to make you rich, it is designed for wealth (inc. inter generational) wealth preservation with no 3rd party risk.

although gold is over due a price correction up that is likely to happen sooner rather than later.

Bitcoin can make you rich (depending on how much you hold) but it can also bankrupt you and most people here seem to forget that.

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April 23, 2018, 02:24:16 PM
 #113

Yeah, I agree with you, Banks won't make we rich. And as you mentioned before, our money that we safe in banks will waste because of inflation(this thing often occurs in the developing country). In real world, we need to invest our money into long-term investation such as gold, property, etc. In Crypto-world we can invest our money on tokens, coin, etc. This long-term investation can avoid inflation. The point is, I think better we keep on investing our money on somethings.
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April 23, 2018, 02:27:43 PM
 #114

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 agree on that, banks today has a very low amount of increase on their scale if you place on their company and that is the reason why people is choose cryptocurrency over setting their fiat on a time deposit.
Its not just today,banks always have a small interest given to their customers,they only uses our money to invest in so many investments company to gain lots of income while WE,THE OWNER OF THEIR CAPITAL gains the most smaller part,thats why more and more are turning theyre money on us,here in cryptocurrency
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April 23, 2018, 02:30:19 PM
Last edit: April 26, 2018, 09:14:25 PM by dynospytan
 #115

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's definitely right. I don't also believe that bank can make you rich. For me they are the who's keeping your money safe. As you stated that the interest is very low so there's no possible for us to become rich by putting a lot of money in the bank. Maybe in digital cryptocurrency, there's higher chance that it will make you rich as long as you know how to earn here and how it works. Actually there's a lot of people out there who became rich because of digital cryptocurrency.
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April 23, 2018, 02:38:56 PM
 #116

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 not created to help you get rich. You yourself are in charge of your own success. The main purpose of banks is for you money's safety, although some banks offers small interest for you deposits but it's not an amount that you can depend on your daily expenses.

People will die before banks do, loan officers will not approve your loan because you're starving. They approve bank loans if the see they would profit from it too.

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April 23, 2018, 02:55:42 PM
 #117

Of course either btc or banks can't make you rich. Banks used to maintain the gap of inflation of your cash within your country and you can also add the security of your assets.

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April 23, 2018, 02:56:10 PM
 #118

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're right my friend.Because of the interest that bank give us we will never have an opportunity to become rich.Unlike bitcoin that once you open up your heart and mind to participate in this kind of even 80 percent sure you can be rich in the future.
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April 23, 2018, 02:59:38 PM
 #119

Yes it's true that bank can't make you rich because only few percent that you will get even you save it in long period of time.Better invest in bitcoin to get a better return

Banks is not really aimed to be a source of income to start with so obviously it will not make you rich. Those small profits you are getting are better if you are saving your money there for a long time but in a short time, I guess it is not just use Bank as your safe.

If you really want to earn a good profit, since you have a Bank then make a loan, start your own business if you have the skills. If you want to invest then go with it, as long as you know what you are doing keep it going.

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April 23, 2018, 03:16:42 PM
 #120

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 can be good for the safety and taking care of your money, but then some banks put too much interest and that causes the people to get irritated with banks and loses trust on it.Maybe, banks are truelly for money's safety.

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