HOW THE BANKER MAKE MONEY IS WHAT MAKE THE POOR MORE POORER

A lot of people especially the poor and the middle class people till this moment have no idea how the banks make their money. For this hidden secret the banker find it easy to convince the poor to save more in their bank. But what will happen if the poor crack the bank’s secret code and find out the key that make the rich more richer and the poor more poorer? 

 

Financial hacking is fun when you grows from zero to hero. But trust me, it’s not when your rich bad belle uncle is still alive. *LOLZ* I do know very well that after revealing the secret, some people will still remain poor. Why? Because of: 

 

1. The fear of being a debtor 

 

2. The fear of not paying back the debt 

 

3. Ignorance of knowing what to invest in debt, and 

 

4. Not knowing how to use debt to make you rich. 

 

Here is the key on how the bank system works by Robert Kiyosaki: 

 

“The banking system of the world works on a system known as the fractional reserve system. Simply put, for every dollar or naira you save, the bank can lend out a specific multiple of your dollars. For example, let’s say you save $1 with a fractional reserve of 10. The banker can lend out $10. Like magic, your $1 becomes $10, which the banker lends out at high interest rates, especially on credit cards. This is how the banks make money from debtors and loses money from savers and why bankers love debtors – the bigger the better.” 

 

I believe by now you understand how bank make you poor(by lending out your savings). 

 

So why not stop saving and start being a debtor? 

 

But one more thing. Very importantly, you need to read my next post on what to invest in debt. 

 

Have a nice day! waiting for your questions and comments…#1LOVE