Banks Won't Make You Rich

[maianh09]

Banks can not help us become rich; you can not become wealthy with a low profit from the bank when you deposit. The benefit you get from the bank is meagre if you want to keep safe for your money choose a bank. But if you look for wealth, ignore the banks.

[darewaller]

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

Even after making a huge shitload of money from your savings right ?
Normally, when the whole idea of banks started, it started with saving your money and getting some certain percentages no matter how low, but all of a sudden this stopped.

In general, for Central Banks, monopoly started kicking in, policies started changing to favor only the elites, inflation kicks in to favor the elites and at the end, nothing was ever done to favor the masses, and I believe all that is already changing for good.

[Gudhal Untu]

If you have $ 1 billion and you keep in banks then it will not make us rich, with bank interest no more than 10% per year then this is not appropriate when compared to inflation, investment is more profitable than saving in banks.

[tee-rex]

If you have $ 1 billion and you keep in banks then it will not make us rich, with bank interest no more than 10% per year then this is not appropriate when compared to inflation, investment is more profitable than saving in banks.

If you have 1 billion dollars, you don't need a bank. You can start a bank yourself or just buy an existing one if you choose so. When you have tons of money, many options become available to you that are otherwise on the other side of the fence, so to speak. Bank deposits are for people who are either too dumb or too lazy to invest in things like bonds or stocks, or too reluctant to take risks such investing in crypto and similar speculative assets.

[kyucryp]

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 is true that you say. Banks will never make us rich. the expected benefits are very few. Because in the bank our money is just silent and can not be made for anything, very different from bitcoin. With bitcoin we can work to trade our money. And it can never be done in a bank. I think people who invest in banks, they do not understand about bitcoin.

[Bionicgalaxy]

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!  

I agree. Banks won't make you rich because the interest is too little you will only have 10% of interest a year. The only purpose of banks is too keep your money safe and teach you how to save money wisely. But i think using a bank is not really important to your money as long you know how to save them and to keep them.

[btrice7]

in my opinion 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.

[South Park]

You're absolutely true, banks just take your money basically to increase their own incomes, nothing more.

And the worst thing is that not only you are doing them a favor, which is bad enough as it is, but they charge you for the privilege of doing them a favor, they charge you for everything or at least that is the way it works in my country, they charge you for opening account, they charge you for having an account with them, they charge you if you check how much money you have on an ATM, so it is better to not put your money in a bank.

[BertoloyBTC]

That is the truth that bank do not make us rich because, banks are only storage of wealth ,but in any we can gain slight interest for our monry in the bank, the best way to be rich ,if we have a money is to grow your money through business and investments there we can see our richness if we have the capital money, to power our business and investment, but bank can not make us rich.

[kutsal_money]

I love bitcoin because I can keep my money without being connected to any center, yes exactly banks won't make you rich but bitcoin can

[Muwatti]

Sometimes there was an instances that bank is good because they are offering loans for those people who need big amount of money. However the amount of interest of your loans borrowed from the bank is very big. In that case only bank owners becoming wealthy  so some people  tend to invest in cryptocurrency instead of banking their moneys.

But i don't say that banks are evil or corrupt because for me it is the classical and much safeties way to protect your money in the true evil things and person's.

[anakkampung17]

Since when did banks make rich. That's just a lie. In fact, I think banks get for capital from the people who save their money in the bank. The economic turnover of banks with the promise of giving interest to customers. It takes tens of years you get rich to save in the bank and it will lose our financial turnaround time. Better in bitcoin it would be better and be a beautiful life.

[BitcoinCommodor]

That won't never ever happen. Instead, once you save money in the bank then they find out you have a Millions of savings they can freeze your account at any moment to investigate you where does it come from. Which I hate the most, Bank can't make you rich but they can become rich through using our money that we are saving it to their bank.

Banks are not exactly made for us. It is a form of a business and definitely the owners get the profit from our money. The money we save in bank accounts is used by the bank in investments from which they make profit in millions and then return a bit of that revenue to us. Then there are high charges for providing security and other facilities.Also, there are too many rules and regulations.

[dado7]

Of course, the banks won't make you rich. they will only make themselves reach.
Your actual question is whether you can use saving interests in the banks to make some profits. You can use some special dedicated saving accounts, they usually offer a fair interest rate, but it's not that much. However, it's also almost without any risk. It's always like this - you can invest in more profitable assets, but you also have to succumb yourself to more risks.

[tee-rex]

You're absolutely true, banks just take your money basically to increase their own incomes, nothing more.

And the worst thing is that not only you are doing them a favor, which is bad enough as it is, but they charge you for the privilege of doing them a favor, they charge you for everything or at least that is the way it works in my country, they charge you for opening account, they charge you for having an account with them, they charge you if you check how much money you have on an ATM, so it is better to not put your money in a bank.

This is a free market, lol. If you don't like banks and the commissions they charge just don't use them. This is what bankers would willingly tell you. Banks have monopolized money and they clearly took advantage of their monopolistic position. Everyone would in their place, so we can't actually blame them for behaving like that. But now we have crypto, and can shove their own words down their throats and be just as obnoxious as they are since it is a free market after all, isn't it?

[Thira]

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, banks won't make you rich, because of the small interest given to you annually, unlike bitcoin investment is a good start to become rich, it's a big opportunity because it may double or triple your money invested if you can wait or patience enough for the exact time for the recovery period.

[mstfprcn]

yes,if you invest your money in bank it won't make you rich, in my country (turkey) interest rates annual %14 , you can get this money in one hour from crypto.

[Yacov]

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 will make you extreamly rich if you were smart enough to open in the late 20th century. We were both not.

[jemma]

Of course anyone with common sense should know that banks are never designed to one rich...their system s designed to make them more money no matter how their repayment plan is structured!

[bellator66]

True, the bank is a safe deposit money. But the bank does not make us rich even though the bank gives added value. Because the value added is very small.