Tuesday, July 1, 2014

Are Banks Banking on our Stupidity to make a Profit at OUR EXPENSE? We have not learned much since the Depression.

Why do Banks encourage us to do one thing with our money and then they do just the opposite? The answer....to make money off of OUR MONEY. Do you find that a bit hard to swallow? The banks want us to put our money in their bank and then they lend it out and make money from OUR MONEY. Yet when we need money, we have to go through the scrutiny to see if we qualify to BORROW our own money. Yes, we can take it out of the bank, but if we do, we no longer make any interest on OUR MONEY. For every dollar that banks take in as a deposit, they lend that same amount back out multiple times. If we did that we would be locked up. The problem is not that the banks do this.....the real problem is that they are great at teaching us how to get INTO DEBT, but no one teaches how to get OUT OF DEBIT. If we used our money the same way banks do, we would get financially healthy quickly. The majority of the banks today are owned by something like 8 families. Their wealth is staggering. They understand the banking system and how to apply it to their own personal bank accounts. Wouldn't it be great if we could all have our own personal banking system where we financed our own cars, homes, credit cards, boats etc.? There is hope! You can create and maintain your own Personal Banking System. Can you imagine recapturing all the interest that you currently pay for your financed purchases? Best of all, when you borrow from your own Personal Bank, your money gains interest as if you had borrowed NOTHING. Your money is more liquid, has major tax benefits and can be withdrawn with NO PENALTIES. On average, people today, pay 35% of their check to some sort of interest every month. The concept of "The Velocity of Money" is incredible. If you want to know more, email me at marlonc@call-associates.com. Let's get Banking!!

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