Banks Won't Make You Rich

[GoldenLad]

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.

I agree with you. Just because we now have a decentralized cryptocurrency many people are seeing the banks as being useless.. The banks are not completely useless. There are still other things we can benefit from the banks and one of them just you have mentioned is a stable interest in our investment with them. The interest may be small but at least it's still certain.  There are other investment to gain like a fixed money, treasure bill and much more.

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[Carreuh]

I also strongly agree with you if you say that the bank does not make us rich but just make the money we have safe from the criminals or robbers but if in bitcoin than can invest and store the assets we have, we also can make money from this bitcoin

[nambunamba]

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 its true there is no way bank make you rich. I was work as a banker before and i do learn how bank make their money. They just using your money for making more money but we cant blame their system cause its what it is. Inflation is keep happening cause the number of new money created by central bank and too much human that makes it even worse cause all of them need money.

[worle1bm]

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! 

It's not the job of Banks to make anyone rich or poor but their priority task is to keep your money safe with them ant provide you with the cash whenever you need it and giving minimal interest in your savings in account. But if you want to earn then you have to work or start any business of your choice.You can try investing in stocks,real estate or this crypto market and whenever price rises you gain profits and with your skills you can be rich.So it's your task to earn not depending on Banks to provide your with income.

[krishnaverma]

It's not the job of Banks to make anyone rich or poor but their priority task is to keep your money safe with them ant provide you with the cash whenever you need it and giving minimal interest in your savings in account. But if you want to earn then you have to work or start any business of your choice.You can try investing in stocks,real estate or this crypto market and whenever price rises you gain profits and with your skills you can be rich.So it's your task to earn not depending on Banks to provide your with income.

Banks are there to take all the money from customers. Just look at their schemes, they give interest like 5 % and then give that money as loan to others for 20% or more. If a  person was doing the same, he would be legally responsible and tried in court for cheating.

[Topaz72]

It's only the banks which earn profits by lending our invested money as loans for interests.The only benefit which we could get is that our investment remains safe but not safe from deflation.

It will be good to take loan from banks and invest in crypto so this way you can get benefit from bitcoin but as you are saying our money will remain safe in banks so it is not true because your money will remain safe but it will be useless and will not give you any kind of profit, if you will invest in bitcoin then your money will increase more and more so this way your money will increase along with highly safe and secure in bitcoin wallet so I prefer to use bitcoin than banking system.

[Sabana1952]

Yes, banks can never makes someone rich but crytocurrency can makes someone rich suddenly.

[angaper]

We must take into account that banks are private businesses whose main motivation is to generate benefits for their investors, and one of the main sources of income for banks is the offer of loans with high interest rates, while offering very few benefits to those who deposit their money in a bank account, generally receiving very low interests, below the rate of devaluation, which over time generate losses in our capital.

Therefore it has never been a wise decision to deposit our money in bank accounts, because by doing this we are only supporting the bank in its usurious activities, so it will always be preferable to invest our money in productive activities, or even in cryptocurrencies to promote a alternative and decentralized economy.

[East2011]

I think banks are not built to make us rich. They are built to make our money safer from thieves. I think thats the main role of a bank.

[Chikitita2004]

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! 

No never. It is not for keeping your money safe it will even endanger your money. Banks have laws and if you are unlucky to have not read the rules before opening an account at the end of few months or years your money will be gone and your account closed. There is always a require minimum deposit and maintaining balance and if you are below the maintaining balance they are going to take penLty every month from your mney until they finish it.

[minatour]

the bank is a place to save money and not a place of investment, I think we will only get very little money from the bank, one way to get a lot of money from the bank is to rob it

[Vannie12]

I agree. Banks are just for safe keeping and every time you will be withdraw there are huge fees that banks eat up. I think millionaires are the only person who loves the services of banks when it comes to amounts of interest.

But sure there is nowhere safer than banks. Backed up and run by the government. If you keep your wealth in your houses, your lives are in danger as well as if you will be carrying it around with you.
Banks make it convenient for us to use money even money is  within the banks through credit cards so practically, it is good to use. It just DO NOT MAKE YOU RICH. 

[dunfida]

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! 

Then whos the one who do think up this kind of dumb thing? On where he do treat storing up money on banks can make you rich? We don't know that banks are just created for solely purpose as a safe or storage of our local fiat? Then we should go back to school and do learn up basic things because we all know that banks aren't those things which you can able to make investment. 

[shoreno]

the bank is a place to save money and not a place of investment, I think we will only get very little money from the bank, one way to get a lot of money from the bank is to rob it

banks gives you an annual interest per year depending on how much balance you have on them , therfor it is called investing because you still manage to earn thru it.

one way to get a lot of money from the bank is to rob it

Lol wtf. Are you completely out of your mind?  you can straightly go to the jail whenever you attempt doing this kind of insane idea.


sure banks wont make you rich but the security that banks can give in regards to your money is 100% solid.

[laravuemaster]

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 i truly believe that, banks wont make you rich and they will just get more money from you if you will time set a time deposit on their company, cryptocurrency will be more profitable in the future because of the demand in the market hat is keep on increasing.

[Kakmakr]

Yet, we all know Banks charge crazy interest rates and admin fees, but we still use them. The whole system is rigged to keep the rich from becoming poor and the poor from becoming rich. You can only make money, if you have a lot of it, because money makes money.

The rich and powerful people know this, so they make sure that instruments like Banks use their money to keep poor and middle class people bogged down in debt. Who will borrow their money at high interest rates, if everyone was rich?

We are the little hamsters, running in the wheel of debt. 

[bajingluncat]

indeed the purpose of the bank itself is not to enrich its customers, but to help its customers to invest the money because the small risk is definitely small profits, banks only move in the field of savings and loans not in the business of trading money or stocks that dapt generate greater profits, and in bank money is kept with the same balance amount in the sense that we take the amount will not change to follow the exchange rate with the dollar is different with the example of gold, if we save where we sell the price will change according to the exchange rate so that the profits will be greater

[judyrob]

saving in the bank gives only very small profits. If the same saving of course for those who already know the crypto will make into the options. However, the risks are also great because the results are also very promising in crypto.

[rowel21]

indeed but banks is not maiden to make there Customer rich its only a place to keep your money safe  even do a lot of banks got fall  the point is if you want  your money to increase make a move do a business invest it  in thing you think it can be pump

[Salatri]

If you think that by saving money in the Bank becomes your way to achieve wealth, then you are wrong. This is why most Americans never again become rich, while wealthy people who own assets are increasingly prosperous.