Abundantia | Your bank is lying to you (about interest) @Abundantiaco | Uploaded December 2021 | Updated October 2024, 2 hours ago.
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Bank interest is a lie. Or at least, banks leading people to believe they're actually earning money on their savings isn't true at all. And I'm going to share why with you in this video.
Thumbnail image: Applied Cynicism (http://www.appliedcynicism.com)
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You might have noticed that your bank offers you an interest rate on your savings, with the narrative that they're paying you a percentage of that every year you hold your money with them. The truth is, you're actually losing several percent on your deposits each year. Not earning.
This all has to do with inflation, and how most of the time, bank interest doesn't even come close to being higher than inflation. But I'll give you some solutions on how you can actually earn more per year than inflation.
As always, let me know your thoughts below.
0:00 - Most people don't understand interest
1:03 - A short history of interest
1:59 - Modern interest rates
2:39 - The bank lie
4:32 - The government lie
6:48 - Solution one: investing in metal
9:34 - Solution two: DeFi
11:10 - Some final thoughts
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Sorelle and Leon.
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*We may earn a commission if you buy any products or services via the links in this video's description. This video is not investment, financial, or legal advice. It may be incorrect, outdated, inaccurate, or reflect personal opinions. This video is for entertainment purposes only.
#Interest #Banking #InterestRates #IWorkWithBlockFi
✉️ OUR NEWSLETTER: abundantia.co
📚 COURSE & MEMBERSHIP: jointheorder.co
📈 Up to $250 in free BTC and 9% APY: blockfi.com/sorelle
Bank interest is a lie. Or at least, banks leading people to believe they're actually earning money on their savings isn't true at all. And I'm going to share why with you in this video.
Thumbnail image: Applied Cynicism (http://www.appliedcynicism.com)
GOLD AVENUE: goldavenue.com/en/users/sign_up?r=efu1LE9fnDBQkR4J
You might have noticed that your bank offers you an interest rate on your savings, with the narrative that they're paying you a percentage of that every year you hold your money with them. The truth is, you're actually losing several percent on your deposits each year. Not earning.
This all has to do with inflation, and how most of the time, bank interest doesn't even come close to being higher than inflation. But I'll give you some solutions on how you can actually earn more per year than inflation.
As always, let me know your thoughts below.
0:00 - Most people don't understand interest
1:03 - A short history of interest
1:59 - Modern interest rates
2:39 - The bank lie
4:32 - The government lie
6:48 - Solution one: investing in metal
9:34 - Solution two: DeFi
11:10 - Some final thoughts
► IMPORTANT LINKS:
Enter your email below for free weekly lessons and insights into becoming financially free, investing, global tax and corporate structures, passports, residencies, and more.
abundantia.co
► SOCIAL MEDIA:
• Abundantia Instagram: @abundantia.co instagram.com/abundantia.co
• Sorelle's Instagram: @sorelleamore instagram.com/sorelleamore
• Abundantia Twitter: twitter.com/abundantiaco
• Abundantia Facebook: facebook.com/abundantiafinance
Sorelle and Leon.
Founders, Abundantia
Liability Disclaimer: abundantia.co/disclaimer
*We may earn a commission if you buy any products or services via the links in this video's description. This video is not investment, financial, or legal advice. It may be incorrect, outdated, inaccurate, or reflect personal opinions. This video is for entertainment purposes only.
#Interest #Banking #InterestRates #IWorkWithBlockFi
