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Author Topic: Banks Won't Make You Rich  (Read 1778 times)
chromosomes
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May 09, 2018, 04:55:38 PM
 #481

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. If you are going to invest your money in the bank, the increase of your money will be slow and there's even a possibility that it will not grow that much after a long year of investing. You should instead invest on bitcoin amidst the risky there is whenever you are investing on it. You will have higher chance of getting rich with it compared to banks.

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Bunk67
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May 09, 2018, 05:23:11 PM
 #482

bitcoin is the best to make someone rich if only you are ready to bear the risk the high interests the investor get fron bitcoin can't make an investor put there money in bank

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yanlap
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May 09, 2018, 06:03:17 PM
 #483

Well, as far as I know, the purpose of Bank is to secure your funds, not for making you getting rich. Honestly, I don't have any background in Banking.
But my friends can get more income by depositing his funds to Bank, and I not sure how much his profits while depositing in Banks.
I do believe, invest in crypto still better, as long you doing it right and choosing good crypto assets.  
But isn’t it damn unethical to use someone’s money without his consent or even telling him? Banks invest our money in business and make good profits.so I think it is our right to get some share from those profits. Just think, why are these desperate to take money of common people and secure it for them? The reality of this world is, if someone is doing well with you, ultimately it will benefit him more.
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May 09, 2018, 08:10:17 PM
 #484

We all know that a bank is a place where money is stored, which guarantees the security of the money but does not bring you more benefits.

If you want to get more revenue you can choose to invest in crypto money, but any investment is risky, so everything has a good side and a bad side.
Banks used to do a good job in that aspect but now that the banks and governments are the thieves banks are only a way to facilitate the stealing of your property, so it is better that you avoid banks as much is possible and only store there what you need in order to survive, everything else should be invested in a profitable investment like cryptocurrencies.
Ismat Morshed
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May 09, 2018, 08:55:52 PM
 #485

Yea,it is right tthat Banks won't make you rich.saving in bank can never do that,because of interest rate that bank gives you is too tiny.It can't make you rich.But the goodness of bitcoin was  can make your money grow.
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May 09, 2018, 09:27:27 PM
 #486

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 everyone know about the income from the banks and they also know that banks will not give you the opportunity to increase multiple folds your money within a few months just like bitcoin is doing for you. That is why investing in banks is just losing your upcoming profit from the bitcoin. Just put your money in bitcoin if you want to be rich.
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May 09, 2018, 09:38:25 PM
 #487

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 everyone know about the income from the banks and they also know that banks will not give you the opportunity to increase multiple folds your money within a few months just like bitcoin is doing for you. That is why investing in banks is just losing your upcoming profit from the bitcoin. Just put your money in bitcoin if you want to be rich.
Yes banks are just save your money and that's why you will never become a rich person by saving so if you invest your money in bitcoin so it will very profitable for you and after some months or some years you will become a rich man and if you want to start a physical business by bitcoin's profit so it will very good for your family's future, so that's why investment is much better than banking.

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May 09, 2018, 10:00:32 PM
 #488

Since I had an inkling, I never think that bank will make you rich. I only think that, it's just where you keep your money instead of putting it all in your cabinet which is not advisable. That's what banks only mean to me because the interest is quite too low like I can't feel it.
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May 09, 2018, 10:10:27 PM
 #489

Umm yeah, definitely. Because in the first thing, bank is a saving service not like investing places to put your money and wait until its grow in the bank. Surely you should search like this forum, cryptocurrencies market exchange, some fresh ICOs that might took your interest, and many thing else. just not the bank.
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May 09, 2018, 10:18:54 PM
 #490

Banks really doesnt make you rich because its not their purpose on the first place. They making themselves rich. They are just responsible for savings and loans and although they have investments, still its not their thing. If you want to be rich om the other hand, get some investments or make some business.
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May 09, 2018, 11:13:28 PM
 #491

Banks won’t make you rich because they become richer thanks to you. They are not charities. When they give you a loan, they make money from the interest, and when they give you interest for leaving your money there, they also make money because they get a higher interest managing that money.
I am totally agree to you, the banks lot of interest every transaction. Unlike in blockchain, what you've hold will become higher and it will be profitable. So for me? Do not be able to put your money in the bank, it will only torture you.

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May 09, 2018, 11:20:32 PM
 #492

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

For sure it will not make you rich because if you will hold your money I bank then I am sure it will give you profit but very small as 20% after more than 10 year, it will only save your money but with high risk but if you will invest your money in bitcoin you will get rich faster because bitcoin use to increase in price thousands of dollars every months, so I prefer to put my money in bitcoin instead of holding it bank uselessly.
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May 09, 2018, 11:22:31 PM
 #493

Please do not ever think rich with saving in banks, it's the same time you give time and money because we do not get any benefit even though we get interest banks that only 12% per year.
Well that is true that banks will not make us rich, and i am confident that our money with banks can be really secured and safe, but if we want to be very rich in the future we should put our money with bitcoin or on the other cryptourrency because it is also secured and safe.

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May 09, 2018, 11:47:26 PM
 #494

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


Ofcourse banks can't make people rich, what make us rich is ourselves. Working hard and working smart will, so work hard to earn but banks is used to be storage of your wealth and not an investment to think.

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May 09, 2018, 11:49:25 PM
 #495

Please do not ever think rich with saving in banks, it's the same time you give time and money because we do not get any benefit even though we get interest banks that only 12% per year.
Well that is true that banks will not make us rich, and i am confident that our money with banks can be really secured and safe, but if we want to be very rich in the future we should put our money with bitcoin or on the other cryptourrency because it is also secured and safe.
There's no other point of putting money in the bank as technically banks is for savings like school which is for studying only. We shall not expect to become rich because of pointing out our savings and its interest. Investing will make your money grow more.

 
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May 10, 2018, 09:46:44 AM
 #496

Banks without money would not make anyone rich. Banks with money can make hackers, and corrupt person rich in split of seconds. Banks will give just .00000011112233 or .1 or 10%. Every amount of your investment have an equivalent the higher the investment the higher percent, the lower the investment the low percentage. All depends in the money you put and the banks system.

In fairness banks is where we can store our wealth, jewelries and important documents of our assets. Banks has regulated interest rate that is why it is below expectation and cannot make you rich but can help you have a savings for future use.
Banks are doing business with our money for the sake of their own profit and sometimes for the national profit. This let them introduce some specific percentage of profit in our accounts annually and become so stupid to get happy over it. But I think with our money why they are getting big profits and returning us back such little amount. We must not be allowing this anymore.
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May 10, 2018, 10:27:08 AM
 #497

maybe the bank only helps you in the storage of large amounts, because your money can be developed for business.
I once saved a small amount of money. the money continues to decrease due to the number of pieces.
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May 10, 2018, 10:27:13 AM
 #498

Yes, bank wont make you rich but they help you to be thrifty and they keep your money safe.
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May 10, 2018, 10:31:38 AM
 #499

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 that banks will not make you rich because if you are going to place your money on them then the scale of increase yearly or monthly is very slow and i do not think that you can really have a good amount of profit.
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May 10, 2018, 10:36:50 AM
 #500

banks will not enrich of course, but they will at least stabilize the country's economy, at least it was at the initial stage, now of course this is the most corrupt sphere, but not the fact that with the crypto world at the stage of stabilization will not happen something like that, maybe crypto corruption will be mutated into something else, someone knows, but
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