Bankingtruths.Com

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• Bob Hope once said, A bank is a place that will loan you money if you can prove that you dont need it. Isnt that the truth? Whats appalling is how banks give you such a meager interest rate to hold your money. Yet to lend you the exact same dollar amount, the interest rate to borrow will certainly be ten, twenty, even thirty times more than what theyll pay on your deposits. This interest rate spread is one way that banks profit. The other way is by the (velocity of money effect or multiple-use dollars effect). Due to fractional reserve lending, banks are actually able to lend that same dollar out multiple times. So take that same interest-rate spread and multiply it several times over. Most people flock to banks for safety and access to their money. For certain funds, theyre more concerned about the return of their principal than the return on their principal. Theyre willing to forego a reasonable growth rate and any tax advantages knowing they can get at their funds at any time for any reason. What if you could cut out the middleman and be your own bank throughout your whole life? To become your own banker you first need learn how the banks keep their reserves accessible without sacrificing certain tax advantages and opportunities for competitive growth. What if you could build this bank yourself and do so without taking on unpredictable market risk? And what if you could learn how to create this multiplier effect for your dollars on a much smaller scale and in a way thats much more fiscally responsible than fractional reserve lending? The uses for this banking concept are infinite and can be repeated throughout your whole life to create more wealth for your familys financial goals. If youd like to learn about becoming your own banker and how this banking strategy can positively play out in your financial life, contact us today!
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  Headquarters:616 South El Camino Real Suite F, San Clemente, California, United States

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  Phone Number: +1 949-288-6650

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  Website: https://www.bankingtruths.com

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  Employees:4

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  Revenue:$0 - 1M

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  Legal Name:Bankingtruths.Com

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• |  NAICS Code: 524126  |

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