The Banking Trick No One Is Explaining (This Changes Everything)
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Top Comments (10)
My bank is hating me for moving my money from the checking account to my high yield savings account and my investment accounts lol
I worked at a major bank in America in the ‘80s. The had a practice of making loans to people it knew couldn’t afford the loan. I was told don’t worry about it - just make the loan. Secondly, you’re right the money isn’t in the bank and you would be surprised the number of people who don’t understand the bank has lent the money out.
I used to listen to heavy metal while I lifted weights, now I listen to "MinortyMindset". Thanks Jaspreet!
thank you random guy on youtube
banks don't lend reserves, they create private credit.
I’m so glad I found your channel recently, you have so many clear insights!!
I love my market briefs every day
Definitely have to put your money to work for you, instead of making it work against you. 👏
Join Market Briefs (my newsletter for investors) free! https://go.briefs.co/daily-newsletter/?utm_campaign=TOF_Content&utm_medium=organic&utm_content=hvz0tZ5ejek&utm_term=minority_mindset&utm_source=youtube&utm_placement=youtubepinned WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS! There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!
Great info! I would like to know your take on credit unions vs banks
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Top Comments (10)
My bank is hating me for moving my money from the checking account to my high yield savings account and my investment accounts lol
I worked at a major bank in America in the ‘80s. The had a practice of making loans to people it knew couldn’t afford the loan. I was told don’t worry about it - just make the loan. Secondly, you’re right the money isn’t in the bank and you would be surprised the number of people who don’t understand the bank has lent the money out.
I used to listen to heavy metal while I lifted weights, now I listen to "MinortyMindset". Thanks Jaspreet!
thank you random guy on youtube
banks don't lend reserves, they create private credit.
I’m so glad I found your channel recently, you have so many clear insights!!
I love my market briefs every day
Definitely have to put your money to work for you, instead of making it work against you. 👏
Join Market Briefs (my newsletter for investors) free! https://go.briefs.co/daily-newsletter/?utm_campaign=TOF_Content&utm_medium=organic&utm_content=hvz0tZ5ejek&utm_term=minority_mindset&utm_source=youtube&utm_placement=youtubepinned WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS! There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!
Great info! I would like to know your take on credit unions vs banks