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Author Topic: Banks Won't Make You Rich  (Read 1778 times)
dogz12
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May 05, 2018, 05:27:48 AM
 #401

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 receive high interest rates when they give loans to individuals or business entities and on the other hand they only give minimal interest rates if you save your money to banks thus banks wont make you rich but you are making them rich.
Ampong2121
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May 05, 2018, 05:30:41 AM
 #402

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,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.


I agree, bitcoin will make you rich if you will invest the money instead of putting it in a bank, but its not like that, you need to wait and have patience because the price is not stable, and your investment would take time to increase. But remember dont invest all your money, better save your other money in bank so that its safe and if you have emergency you can take the money and use it, because if you will put all your money in bitcoin you cant use it for emergency purposes because you will just lose your money if you sell it in low price.
Sarisang
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May 05, 2018, 05:56:14 AM
 #403

I've realized this long ago. Therefore the assets I have her home part I save in my bank and the rest allocated to invest in crypto. Indeed at risk but if long term I am sure the results were better than the stored in the bank.
StarofBTC
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May 05, 2018, 12:04:19 PM
 #404

By the way, was there a time it was said that banks were to make you get rich? Do you think that anyone who is putting their money in banks are doing it with the intention of making extra profit and getting rich through banks? Sorry dude, that’s never their intention. Banks are meant to keep your money safe and not to give you profit. They are there to look after your money and even charge you some fees for the services they give to you every day.
equoboy
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May 05, 2018, 12:17:28 PM
 #405

In some point banks can lend you money if you want to stand a business and thats the way you will become a rich person.
South Park
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May 05, 2018, 04:16:23 PM
 #406

If you want rich you have to make business and run it to be successful, besides that if you want to invest you should really see a good investment opportunity or place, for example such as investments by utilizing inflation is stock and property investment.
Creating a business can be a great way to make much money, but you need to also remember that the failure rate of new businesses is incredibly high, for each business that succeeds there are probably three or four that fail, so before you start any business make sure that you understand very clearly the negative repercussions that such a decision will have in your life.

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May 05, 2018, 04:31:48 PM
 #407

It's your own choice, a bank will not oblige you to take credit. Further, mission of bank is not to make you rich. The banks only think of their own pockets, like other services. They only care about comissions.
hamdun
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May 05, 2018, 05:00:32 PM
 #408

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 I agree, banks will not make us rich, because the small interest that is given to us every year, unlike bitcoin investments that are more likely to give better profits and can make us rich.
reddolphin
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May 05, 2018, 05:05:41 PM
 #409

I agree because by the way we save in the bank per-month we are taxed, And our money will be reduced even though the taxes are small. Excess our money will be safe in the bank.
Konthol Ngaceng
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May 05, 2018, 05:40:34 PM
 #410

We never hear the new millionaires come from bank interest, most millionaires come from investment, business and so on, this is because bank interest is not more than 15% per year whereas with investment then the profit can reach 1000% per year.
PIR
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May 05, 2018, 05:43:10 PM
 #411

If you want to get rich do not put your money in bank but if you want to secure or save your money then its okay.. bank has low interest don't expect your money to increase with the amount you desire to be instead put it in business if you want to make it grow.. the money we put in the bank was sometimes used for certain purpose

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charlzyeby
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May 05, 2018, 06:04:18 PM
 #412

The best way to invest your money is starting your own business or letting your money work for you. Banks lend your money to other people for outrageous returns from the people who borrow from the banks and give you a small percentage of your money. Most rich people don't leave their money lying idle in banks. They invest their money in businesses that give them profits, Just like taking absolute control of your cryptos and earning from them.
Bitcoin2009
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May 05, 2018, 07:42:30 PM
 #413

Yes true, by putting all the money in the banks then it will not make any changes, banks are only suitable to meet the daily needs, if our goal is to get profit then the best solution is investment and business.
Voloshin2981
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May 06, 2018, 09:00:16 AM
 #414

completely agree with the author of the bank this is not at all an option in the first they are now closed one by one there is no confidence in the future and in the next they are so cleverly doing, you take the money for a year, they assign you a date when you can pick them up a day earlier Later, if you did not come on the appointed day, your money will automatically remain
Andrews193
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May 06, 2018, 09:04:42 AM
 #415

It's hard to get rich due to very profitable bank loans, and many people think that Bitcoin and other virtual currencies can change lives much better than central banks many times, I think the Bitcoin change The commercial structure is concerned.

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popolite11
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May 06, 2018, 10:41:34 AM
 #416

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. Banks will not be able to make us rich, but they can ensure the safety of our money. But in the crypto currency, you also need to take care of your security, otherwise hackers can crack the wallet and steal your coins.
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May 06, 2018, 11:28:59 AM
 #417

Do not ever expect to be rich and successful if you rely on banks, they will not give you any benefit, putting money in banks will only make them big but never share their profit to us.
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May 06, 2018, 12:11:26 PM
 #418

Yes true, by putting all the money in the banks then it will not make any changes, banks are only suitable to meet the daily needs, if our goal is to get profit then the best solution is investment and business.
yes that's true that basically banks was made to store money people and for those who want their money growing then investment at banks is not good options and find another options would be good such as crypto investment or stock investments

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Semaj123
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May 06, 2018, 12:26:54 PM
 #419

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


Definitely true, this is why cryptocurrencies has been created due to the bank system which can't help us earn enough profit. Only the millionaires can actually have a better benefits than ordinary people. Well, in terms of security, no one will argue with it but in terms of profit sharing it is really unreasonable.
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May 06, 2018, 01:51:18 PM
 #420

banks won't make you rich in fact banks will make them more richer because your savings on banks they will lend them to people and thy're make high profit because of big interests on their loans so it's better to invest your money on ico's or you can make trading investments in crypto is much profitable than saving money on banks.
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