! [Hidden Spoiler Text] What Do The Bank Use Our Money To Do?
There are a whole lot of different investments that the bank do involve our money with for a huge profit, but today's publication points will be focused on the "loan aspect" of investment
Hello everyone, I'm really glad to be enlightening us on this topic as this is something I made mention of earlier on one of my publications here that I was going to make a publication about what the bank use our money to do and finally doing it right now makes me feel happy as I am about to open some of you guys eyes to see clearly while at the other end some of you already know how this works so I'm welcoming you all to the knowledge club.
Earlier I made a publication here mentioning how I don't support the fact that there are still people out there saving up money in the bank and at the end of the day getting exactly what they put in there or even less with the fact that banks will deduct their monthly maintenance charges. At the end of that publication, i made mention of how banks do offer a savings plan to distribute a profit monthly but is it worth it? Don't get me wrong, saving up in the bank bo help a whole lot of people in a different way entirely and that is why I said this is my opinion. I never can tell when I will need to save my money in the bank, but that day I am sure may never come or maybe it will? Hmmmm
Getting to the reason why I made this publication is to enlighten us on what the bank uses our money to do so let me get right to the point already. There are a whole different investments that the bank do involve our money to do but today's points will be focused on the loan aspect. In so many cases we have seen banks offering loans to different people and have you for once asked how do they get such money to give out loans? Well the answer is the money you deposited for the bank to hold that they will still cut something out of it for monthly maintenance which at the other end is normal as it involves business and you know very well that you cannot keep your money with you and so you going to them and requesting them to help keep your money for you already gives them the edge to charge you whatever monthly maintenance fee as part of the business game. So I'm not against that.
What the bank use your money to do is that when you called them for a deposit, they will take your money and give it out to someone that needs an urgent money as a loan and at the end of the day will pay off the loan with an extra money depending on how long the loan takes but at the end of the day there will always be a profit. Once you get to the bank to withdraw out your money that they have already given out for a loan, they will as well take someone else's money that is being deposited to pay you off as they have already made a profit out of you and once that person go there to take his/her money out as well, they will take from another person's deposit and pay off while they keep making more money from each of you (Business strategy)
At the end of the day you will see that they didn't just make a huge profit out of you but they also use your money to give to someone else to make a huge profit out of it as well, and that is all part of the business logical game. like I said earlier this is a business and so I am not against them besides they didn't force you to come deposit money with them as you were the one that made the decision to trust them with your money which at the other end is totally normal and even if you feel someone forced you to it, I believe that there is something with someone informing you about something and there is another thing with you looking into it and making decisions for yourself as you take full responsibility for yourself as a grown up. Before you make any decision out of this publication, I wish to inform you that I am nowhere close to a financial advisor and so whatever decision you make out of this publication is fully on you.
The banks are wise, maybe we should learn from them
~Image Source 2~ Cropped
Thank you for visiting my blog, I make publications daily here on hive so do well to stop by everyday if you like my work!
