Banks Won't Make You Rich

[MrRiuss]

yes, it is true. by only saving your money at the bank, wont make you rich. the interest usually lower than inflation rate

[FiveReelsTwo]

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! 

Right, Banks could not make you rich instead they gave security in your money, As far as I know, banks would give you about 1.5% to 2% interest rate per annum, It's too small for an average earner, Banks are designed to make business, this means, bankers earned much money if you deposit a lot of money to them. How do they survive without us?

[krhnrhn]

if you wanna get rich,  just investing in bitcoin, alt coins or ico then save your money at Bank.

[South Park]

if you wanna get rich,  just investing in bitcoin, alt coins or ico then save your money at Bank.

I hope you're joking especially with that little smiley at the end but if you are not then what is the point of investing in bitcoin or altcoins? It's a little bit confusing, if you become very wealthy by investing in cryptocurrencies why would you want to return to fiat? Why support the system that keeps you poor and abandon the system that gives you wealth?

[Xardasim]

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 don't want to be rich, if we already live in capitalism, everybody has no chance of being rich. 
In my country, too, the banks think about their own pockets, not the people.
The price of the Rs changes according to the reforms of your country. I don't think this is related to the bank.
The best business is trading and the best place to keep money is online wallet. 

[bhadz]

It's a fact that banks can't make us rich but it can help us to protect our money and give us an idea on what to invest with their services yet the profit isn't so high as we're expecting. And the sad reality about them is we are helping them to become richer, we deposit money to them and they use it quickly for their lending services and asks borrowers with a better interest rate while they only give us with a very small portion from that profit they've made from our deposits.

[Tenderino]

If you are already rich, then banks will make you more rich because they will give you credits and with this money you can make more millions. But if you are poor and have nothing to invest to make more of it, then the inflation will of course eat its value! But your statement that banks are just for keep your money safe is very misleading, because if there will be a bank run one day, then they are not able to pay most of the account balances.

[Allura74]

If you are already rich, then banks will make you more rich because they will give you credits and with this money you can make more millions. But if you are poor and have nothing to invest to make more of it, then the inflation will of course eat its value! But your statement that banks are just for keep your money safe is very misleading, because if there will be a bank run one day, then they are not able to pay most of the account balances.

By comparing profit from crypto currency and those profit earn by bank interest then it is clearly we can see that bank will not makes people rich but rather banks gives asset security for those wealthy people invest their bank and in return the bank will will be benefited  from the investor's money and only give a little percentage back to the investors, therefore I don't really believe that banks make people rich.

[Ondre]

Yes! With just a minimal of interest with big savings, well that will not make you rich. You only keep your money and will not expect that your money will double or tripple one day. It better to invest your money to digital money that will surely increase in value in a short time.

[rainezerr]

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 on that, banks wont really make you rich because placing your money on them will not give you a good scale amount of increase yearly and i can say that bitcoins is more profitable because of the volatility of the market.

[feehannah]

If you think you can save your way to wealth,you're wrong.Spending less than you make is not the path to riches.Instead,wealth comes and goes as asset price,real state,stocks,and bonds raise and fall.

[Firefox07]

Its true that banks will not make us rich. Because the interest that are given to us when we put our money in the bank are not big. But banks will make our money more secure .

[Savemore]

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 the reason why it is better to store our money on cryptocurrencies than on banks. The returns that we are going to get through making savings on bank is only small while in cryptocurrencies, our investment can become double or even triple.

[naidray]

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.

In fact, I have never and personally never liked putting money in the bank for so long as I have always believed in letting my money work for me by investing them. We have always had no choice than to need banks at least for deposits and withdrawals and that was all they have ever been good for.

Even shares, bonds and all with the bank sucks and then you start wondering why not invest, own assets, get things with much more value than leaving all your funds in the bank and it is a good thing cryptocurrency is even here.

[ejandjm18]

I agree that bank won't make us rich, because only a small amount of interest that the bank gives us, unless if you deposit millions and the monthly interest that you receive is quite higher. If you want to become rich then go for investment and do business.

[kisscoin]

Of course they do not want, they are on the other end of the board, if the client gets rich, the bank gets poor, and vice versa

[Bohxz M4p4gm4h4l25]

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! 

That thing about banks was really for sure because banks do not really tend to make you rich if you were thinking about that since banks only focuses into their business of serving their customers in hand to further use their deposited money for business purposes that we must be aware where they get the interest they put into your initial money just like giving credentials for the money they have used to maximize their business capability. Banks will not really make you rich because they are just intended for their services provided and caters what you financially need in return for what you have put into their banks. With the small interest rate they offer, who will think that banks will make them rich? No one will.

[ene1980]

Its true that banks will not make us rich. Because the interest that are given to us when we put our money in the bank are not big. But banks will make our money more secure .

Banks might not make you a fortune but the risk of investment is negligible, i am not talking about inflation here but the risk of investment is low but that is not the case with other investment opportunities, the higher the risk, the bigger the reward will be and that is the case with crypto market, the risk is high and so does the reward.

You saving will be simply be eaten up by the sleepy monster called inflation.

This is not entirely true, but the inflation is a real problem but it will take a longer period to eat up the profit as you think.

[kuckong]

Of course the Bank will not make us rich. Banks are just a place to collect funds from the community and will be distributed again to the community. And from the rotation that the bank get a profit while we get nothing or even some of the loss. Therefore if we have the money should be invested in bitcoin. Bitcoin that can make us rich.

[abiiiii]

Banks will definitely make us rich. It is not their purpose. Its actually us who make the bank rich when we choose to let them hold our money. LOL.