5 Things About Money That Banks Don't Want You To Know
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- Опубликовано: 5 окт 2024
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I believe investors should focus on actively investing their cash rather than leaving it idle in banks. This quarter, we're likely to see increased market diversification. I plan to invest around $350K of my savings in stocks over the next year, with the goal of achieving substantial returns and potentially growing my wealth by millions.
Yes, stock investments have potential, but it's important to be cautious. That's why I recommend working with a financial advisor who can guide you on the best times to enter and exit the market.
Having an investment advisor is the best way to go about the stock market right now. I used to depend on RUclips videos but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
I'm glad I found this conversation. I just started earning six figures and need investment help. Can you share how to contact your advisor?
Her name is ' Rebecca Noblett Roberts ' Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you so much, this is exactly what I needed right now. I wrote her an email and am waiting for her reply. Hopefully, she responds soon.
I am 53 and retired at 50. 1 thing I did do to retire early was to get out of the 401K and IRA programs. Bought rental real-estate and I am now a Limited Partner in about 1500+ units from collabrative efforts in the fund my estate planner has me invested in. I do not work.
I only contribute 5% to get full company match, that’s it. The 401K plan is designed for you to work until you are about dead. Also, the government does not have their hands on it yet either.
My wife and I live off of our 401K. We don't work. I recommend highly to everyone to build your 401K or Roth IRA's as an alternate revenue stream in retirement to your Social Security. An observation on 401K's is when it gets over 300K it starts to accelerate. When you get over 500K it can really accelerate as the stock market grows.
If I may ask, as in withdrew all of the money from the 401K and IRA programs? If so, what was your strategy behind that decision? Thank you.
Melissa Elise Robinson is the licensed advisor I use and im just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
Banks are selling mortgages. People always say it's a good option to buy at discount, but with the market turmoil and everything at stake in present economy, I'm thinking of buying stable coin to hedge against inflation, or is it all right saving over 350k ?
There are options that spread across multiple banks. I use a non-beginner broker that protest up to 3 million dollars and provide 4.58% returns on cash, it's always a good idea to consider working with an advisor for financial planning
Investing in stocks can be a wise decision, especially if you have a dependable trading system that can lead to successful outcomes. Personally, I've been working with a financial advisor for about a year now. Starting with less than $200K and I'm now just $19,000 away from making half a million in profit.
Mind if I ask you to recommend this particular coach you using their service?
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
At 17 years old they'll let you commit to 200k in student loans but won't give you a 20k business loan. Think about that for a second.
agree but would you lend your money to a random 17 years old kid to start a business ?
@@yanlinnaing5654 Doesn't matter. If you have good credit and stable job, banks will lend to you.
@@CreativeCashflow1 Its a 17 year old kid....he doesn't have a job, he is going to college. I wouldn't loan the 17 year old money either.
If you can know this, it is enough or half way to outsmart them.
Tru
🎯 Key Takeaways for quick navigation:
00:02 🏦 Money creation: Most money is created by banks through loans and digital entries, not physically printed by the government.
05:07 💼 Federal Reserve Ownership: The Federal Reserve is owned by other banks in the US, making it a system controlled by major financial institutions.
07:26 🤔 Banks not acting in your best interest: Banks prioritize profits over customer interests, so it's essential to be cautious and make informed financial decisions.
08:50 💰 Bank treatment based on wealth: Wealthier individuals receive better banking terms and services compared to those with limited assets.
09:46 🏦 Banks for parking money, not investing: Banks should be viewed as places to manage money, and better investment opportunities lie in stocks rather than traditional bank accounts.
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Thank your for the summary😃
Thank you for the summary. It saved me a bunch of time since most of it I already knew.
🥂🍾
I skipped school and started to work for the government as soon as i could. That way i could get an easy and higher loan for my first house to buy at 21 years old. My friends were studying for years and got thousands of study debt. When they finally got done with the study at 27 years old they had to pay off a big amount of money. When they are around 30 years old they can't buy a house because house prices are so high now they can't loan enough money so they are forced to rent. While i bought my 4th house now at 26 years old and sold the other 3 with a big profit life is so easy now because of this skip school and work for government method. After i sell this house with profit i just buy back a smaller house half the price. Now i can use 50% of my last house that i sold to buy real estate (garages or other things to rent out) Because of those choices i can stop working my job for years sooner than my friends or just work 2 to 3 times a week and live a easy life and have so much more time to enjoy life or hobbies. The 8 years that they studied extra i could invest a nice amount of money in stocks and real estate. Not saying studies are not smart but financially its much easier to skip school in my opinion. :p
Respect if this is true but sounds pretty fishy.. if at 21 you got a lend from a bank to buy a house and at 26 years old you own 4 houses? Unless you have a high tier job close to being in politics in the gov how have you paid off your debt along with 3 other properties? Thats alot of money for a span of 5 years
@@playlist-gt5ji no my fourth house i bought now. I sold every house before buying a new one. Now im at house 4. I stepped up to a bigger house every time when prices got up so i sold it with profit to buy a bigger and newer one. (And moved to a little cheaper area every time and waited for prices to rise)
@@noel_r8 you renovate homes so they are worth more or just let time do its job of increasing value?
Because as your own house goes up in price, so do other houses?
Amazing 🤩
I've sold a property in Michigan and I’m considering investing the proceeds in stocks. With the current market optimism, I'm unsure if it's the right time to buy stocks and how long it will take for a full market recovery. I'm also puzzled by how some are making substantial gains of over $320k within months in the same market.
While market opportunities exist, it's essential to avoid blind commitments . To grasp the factors influencing your financial growth, I recommend consulting a professional.
It's remarkable, but considering my portfolio's current poor performance, I really do need their help. Could you please provide me with a way to contact your advisor ?
Yes, i just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. Thank you
I love the market here. I just bought a home in Detroit.
Banks charging low interests to wealthy isn't some shady back door conspiracy. It's simple wholesale discount. If you purchase one item you pay the MSRP. If you purchase 1000 of it you get discounted price.
This^
When you put your money in the bank, you are the lender, the bank is the borrower, and it gives you less than 1% of interest. Meanwhile the bank is going to lend you or another person for 7%+ of interests for the same money you just put in ( essencially using other people's money aka OPM to do business). Pay Attention that is NOT 6% extra profit, that is 600% extra profit and they have this so well oiled up that they can do this 17 times in a fiscal year, 12 in a recession. Almost sounds like a racket isn't it?
So should we feeding into the banking system after this knowledge?
You are free to lend your money to anyone, at any interest rate.
Such great advise, wise I knew all this as a youngster.. Been saying for many years to my family and friends; banks are a business and one is in business to make profit !!
Wow, for real? How were you able to figure all of this at such a young age.
@@numbahone1434 read my comment again...
the 90% that the bank is allowed to lend represent how much the US dollar has lost its value since the gold standard was abolished.
When my business was going bad my banker was always busy for my calls , then my profit raised and suddenly he had a lot of helping products for my business…
There are basic universal laws of gravity that dictate the value of a currency.. a currency actually IS based on a few types of wealth.
The value of money isn't just created out of nowhere..
Very nicely done presentation on a complex topic. Put people in debt and consequences for not paying off the debt and you enslave them most of their working life
No one can convince to buy anything I don't need or I didn't go looking for. I tell salesman NO! WITH EASE.
Thank you for this eye-opening analysis many don't know.
The FED was created in 1913.
Titanic sank in 1912.
Coincidence? 😏
What is the relevance can you explain please?
@@tonysnow5461 the Titanic didnt sink due to the collision with an iceberg. They sank it on purpose. Why? Because most of the rich families that were against creating the Federal reserve, were on the Titanic. The Morgan family and it's allies remained on the port right before the Titanic departed.
@@aitorrodriguez6888 🤔🤔🤔 make you wonder
@@tonysnow5461some on board were apposed to the creation of the fed.
What are you implying?
Other than borrowing with interest from private financiers like Fed Reserve Banks, World Bank, IMF, or stealing resources of another country, what’s a better and fair way to fund all the activities of one’s own nation?
Investing in alternate income streams should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. stocks, gold, silver, and virtual currencies are still attractive investments at the moment.
Everyone needs more than their salary to be financial stable. The best thing to do with your money is to invest it rightly, because money left for saving always end up used with no returns.
Am looking for something to venture into on a short term basis, I really need to create an alternate source of income, what do you think I should be buying?
Cryptocurrency investment, but you will need a professional guide on that.
Facebook 👇
Evelyn C. Sanders
Insightful for starter who wants to understand money!
I always have been interested to visit United States of America I hope one day I can meet some one from there and get invited to meet that beautiful country, greetings from Mozambique!
You dont wanna go there, I heard its better to be in cuba or venezuela.
Don't come here, we aren't friendly to tourists and we don't like outsiders and there's a good chance you'll just be bored. Nothing to do but spend money.
Very comprehensible explanation I've seen so far, you get entangled once you try to make sense of the relationship between finance and economy. Also explaining how banks create money ex-nihilo, explaining fractional reserve system although I've found recent explanation showing that banks treat differently loans and credit to customers money.
And finally how all money is DEBT.
However it doesn't mention how this breaks havoc in the economy.
And by owning shares of Golman Sachs (and a few others), you can be assured that if they do screw up royaly, they'll be bailed out so your investment is safe...
Did you know, banker is the enemy of humanity
Thanks~~~~< for watching_and don't forget••• to hit the like>watsap
➕ ① = ⑧ = ⑦ = ⑧ = ③ = ① = ③ = ② = ⑨ = ④ = ⑤..📲...
This is why I laugh when people say Bitcoin is a scam 😂
This is why Bitcoin will continue rising.
🤣🤣🤣🤣🤣🤣
The whole video move around one statement ""money doesn't make you rich,it is the debt that makes you rich""🤑
But the so-called developed countries' banks pay only 0.001% interests (or even less!)
That’s why gold standart is the best way to balance money
thanks you answered all the questions i had in mind.... because i was wondering about that fix deposit rate
That's actually illegal!!! Banks can not loan Depository money!!!
Okay this guy knows what hes talking about. He left out a ton of information but this connexted things for me.
Nice video and Thank you also for recommending your broker jessica Robert, her services are exceptional and I've been earning greatly from investing with her
Jessica Robert really is doing a lot of people a genuine favor with her daily signal! I've earned alot also
Wow i'm glad i did. I withdrew my first profit two days ago now I have another ongoing trade with her
saw recommendation but I did not bother chating her up
I have been seeing so many recommendations about Jessica Robert on different platforms trending I think she must be good for people to talk about her
I came across this name while reading an article on CNBC, But i wasn't given much information about her. Could you pass along her info because i would love to try out her service for myself?
it is my understanding that since Chovid, banks no longer have to keep 10%.
10% of nothing is nothing. Money was, is, and will always be fake.
At a Doctorate of Commerce level one understands that the true wealth of any organization IS it's happy, able, willing workers !!
🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉
Lots of comments here, with individuals wondering who to invest their large sums of money with.
Beware folks....... SCAMMERS. Every one of them.............. Scammers.
the most abundant resource in the history of the planet is money. there is infinity money, it is not rare or scarce. the problem for most people is they are conditioned to be poor.
Thanks for the video
Most people have no financial knowledge.
Thanks for this valuble and informative episode Proactive thinker straight to the point and concise keep the gems coming
I am my own bank 🏦 👍
Awesome financial lesson💯👌
Thanks~~~~< for watching_and don't forget••• to hit the like>watsap
➕ ① = ⑧ = ⑦ = ⑧ = ③ = ① = ③ = ② = ⑨ = ④ = ⑤..📲...
1-Own stock from the bank you deposit your money in.!
This video is not explaining money but the corrupt bank system of today.
Money is the countability of an unfinished barder or trade, Also know as a note of dept.
The real way of creating money is by exchanging your time for the benefits of someone else.
Anyone can write money but it won’t be recognize by a lot of people..
Let’s make videos on how to get out of the corrupt system and value work and exchange for one another
0:33 man has a floating head
😂😂😂😂
Good point about 90 %
Back again with another one 🔥🔥this content is excellent 👌, i cant believe its for free, thank you very much
Thanks for sharing such valuable information! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How can I transfer them to Binance?
This method of creating money is wht some entrepreneurs do and know and yes everyone can do it. Especially when u know of hjr...and yes its lawful
Thank you for this video. At 5:42, since you mentioned that Bank runs out of cash, why not Bank prints their own money themselves since you mentioned they can create money out of thin air?
they do it through the Fed. But legally only the Fed is allowed to print USD.
@@moetocafe 💯🤔
I think by printing more will cause more problem due to inflation.
@@moetocafe Correct
Let's put it this way:
1. Physical money is printed by the Fed using ink and paper. I mean out of thin air.
2. Then, the banks technically print it again out of thin air when they lend out 90% of the deposits so as as to receive more than what they lent out(interest). The deposited money does not belong to them. It belongs to the clients, yet they take it, give to someone else so as to receive some extra money for the second person. That's literally printing money out of thin air.
Such a flawed system!
Awesome video. Finally watched it out. That's why I don't use banks. Spot on. Other people in the video commenting in the future and haven't even watched the video (this video is amazing) lol.
If you don't use banks, what do you do then? Where do you store your money?
@@tachobrenner in my house, where it belongs... FYI, can't save what u don't have lol
How do you paid for your phone service if you don't use banks unless your parents do lol.
Shouldn't you be in school boy? Damn.. these kids on youtube comments
If you were in your 30s, no bills, no debt, no wife, no kids, $1000 - $3000 weekly income and you just work and live at the job, what would you do with your money?
From Nick Hunt; Economics 101 at Jefferson Junior College, Hillsboro, MO 1979= banks hold fractional reserve notes- dollars, not real money.
This video opened my eyes again
Thank you
What about self worth? I see people consuming they skipped college and dropped out of high school. Then they claim they bought their first house a few years later. Idk about you but in todays economy this isn’t possible. The minimum wage to live here is $19 to pay all your bills and leave you with money for food and insurance. Jobs typically hire around $13 for low wage jobs. Either you have to start out with connections working for your uncle or you’re already at a bad start working 2 jobs to live comfortably. You could take up an apprenticeship or something. I really don’t understand where people claim all their friends went to college for 8 years and graduated with high amounts of debt. You can go to a technical school and enroll in a transfer program to a 4 year institution. Get paid to go to college and stay at your parents. You’ll make around 12 k a year as a student this way from grants and scholarships. That is if you completed high school with decent grades.
Thank you very much.
Money is a claim on goods and services, money that does not exist yet is a claim on future goods and services. It is an obligation to perform activity to receive money to pay money. Therefore money that does not exist is debt bondage by a debtor to a creditor. Voluntary servitude to another.
Just remember, banks are a corporation and you are a loving man or woman with a living soul. It is illegal for a corporation to create a contract with a man or woman. So once you get that loan be sure to request the documents proving it a legal contract. They will not be able to do this and you will then not be obligated to pay it back. Discharge debt.
?
@@joaocarvalho1979 a corporate entity can’t make a contract with a person. It has to be corporation and corporation or person and person.
Government can also borrow money from the people, in the form of government bonds.
Thanks for the forecast! 📊 Need some advice: 🙏 I only have these words 🤔. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What should I do with this? 🤷♂️
Hi is investing in shares any good with banks
It's sad that most people will be contented to complain about social injustice in the comments rather than start a revolution and commit on getting rid of it. Well, at least there is no civil war.
Thank you. I needed to hear that
6:56 There are a dozen regional reserve banks, and they are required to keep 6% of their capital in the regional reserve bank. Uh...they ARE the regional reserve bank! The regional reserve banks are required to keep 6% in themselves? Is this a spot where a script needed proofreading, or am I not understanding?
The private banks are supposed to deposit 6% of their money to the reserve Bank and will be given the shares of the shares of the reserve Bank in return
THE BEST INFO
Modern money mechanics, you're welcome.
so acctually banks dont really take your money and lend it to someone else they just let your money in the bank and when someone else takes a debt then they just creat new money buy saying they payed for example 100 dollar to their bankaccount
How are national banks authorized to print money? Who gives them the authority?
It’s because I am and we all are FED
leverage
I may be wrong but I think Only seven people met in Jekyll Island to create the FED.
9:55 "If you want to keep ur money in a bank, try buying in their stock."
There is a catch: Institutions disappear and new ones are born when the economy goes down.
Banks are no different. Everyone who still had their money in Washington Mutual Bank stocks in 2008, or Home Savings Bank in the late 90's, saw those "indestructable" banks get destroyed.
I'm no stock trader, but it is hard to imagine investing in what you don't at least slightly believe in. I use the bank for business, but I don't believe in any single one of them.
Thank you for the information
This video is so precious.
Quote: “the government is borrowing money just like you”
Correction: the government is stealing money from me.
Thanks but what do you want me to do, create my own bank :) ? That's how the world works.
Currency, and money, are two entirely different things. When you pay for something with money, you own it. When you pay for something with currency you only fulfill an obligation. You never own it.
care to explain your point ? how come when you pay for something with currency you never own it ?
@saptarshidasgupta4859 I'm going to guess that he is totally correct.
All because credit, interest, terms and rates are also forms of "currency."
And they're all systematic transactions based on not putting up actual money at the moment, usually in the form of a loan.
Loans are usually contracts that has one party not pay real money right away just so they can sell away their time by guarenteeing larger payments in the future.
As such, whatever high ticket item you "bought on financing" becomes collateral: It is not really yours and can be taken back if you ever fail on doing what you guaranteed to do within the terms of the loan.
Ok so money is debt, but how can you own debt as a singular?
Do NOT invest in gold
Bank intrest rates suck
Sooo does anyone know the name of one of the 6 banks' stoxks 👀 👁
When you said "All money is debt that is inaccurate because gold is money and everything else is debt. what you should have said is All currency is debt There is only one money and that is gold as JP Morgan once made quite clear. People need to realise there is a huge difference between currency and money. When you hold an ounce of pure gold in your hand you are not holding debt you are holding true wealth. however when you hold paper fiat currency in your hand you are holding debt.
Evil bond villain: So if I buy out the 12 banks I own the FED and I own the US government.
Evil laugh followed bt exit stage right.
Banks need to take a leap of faith and lover interest rates at 2%.
a new subscriber is here❤❤
Thanks! 🤩
But are those other 90% taken from the 10% of other people like in a pyramid system or literally generated?
3:57 that's not true. A dollar can be spent more than once. Pretty funny how you're supposedly teaching us about money, when you yourself don't even understand it.
Thank you for this!
Then why does the government bail out banks in crisis?
how often are dividends paid? monthly?
Every 3 months
Most intelligent channel on RUclips ,
The channel which understands the entire monetory system
By the way, where is number 2?
no, there's no "reserve requirements"
My country pays 10% interest..Nepal
So should I deposit in bank?
Absolutely
yes
Want to know something else? This is exactly the reason that everyone is working harder and longer and still can’t afford to live comfortably.
Humans could be born, through old fashioned breeding, to be as specialized at a task as different types of dog or farm animals.
Great content sir.
DEUTERONOMY chapter 23 can we try it the Creator way.
Good info