Monday, October 22, 2012

Money in the Bank: Are you going to be Safe or Sorry?

        There are many hard working Americans that have been raised in the "old school". You might remember a time when common sense and common courtesy were actually common traits in a person. Most believe that one should work hard, save money, invest their money, and that is how a person prospers. Right?

        I'm certainly not here to say that one shouldn't work hard, save, and try to further themselves, but I am saying to reassess the process. Most of us have been raised to simply go along to get along, but this can be disastrous to an individual. We must have a good understanding of the way society, politics, banking, money, etc, functions in order to make it work for us. Not understanding the mechanics of these 'machines' almost always ends badly. There is no excuse for ignorance, as we've all heard if you've ever had a speeding ticket and claimed "I was unaware of the speed limit". Tell that to the judge and see how that goes.

      Most of us put money in the bank every week or every other week without thinking twice about it. I'm willing to bet that 9 out of 10 people do not even know how a bank or their particular bank functions or operates. They do not know how the system works, they do not know the risks of putting the money in the bank, but who expects them to? The bank doesn't ensure that before a customer banks with them that they are properly informed of where there money is going and what happens to it. Why not? Because you are expected to do your own research, after all, your own due diligence is necessary in any survival dependent decision. Your money, believe me, is survival dependent unless you live off the grid somewhere in the mountains. The bank knows that people blindly trust them and over the last few decades have not held back from taking full advantage of that.

     Banks stalk and consume smaller, weaker banks and take advantage of their weaknesses in vulnerable times. What makes a person think that the bank has any concern for them and their measly peanuts in the bank? Banks have been caught red-handed stealing money from the very people who trust them. This is the behavior of a drug addict, except the drug is money to the banker fiends.

       We know that we are almost forced to have a bank account if we want to ever get a loan or mortgage, write checks, use credit, etc. I'm not telling anyone what they should do with their money; I'm telling people to take initiative to learn everything they can about their own finances and take control. You may find out that you only had an illusion of control, but in reality we are all smart enough to manage our own finances. Learn about the money you work so hard for. Learn about the bank that holds your livelihood. Don't just relinquish your hard-earned money to strangers. If you put all of your eggs into one basket, you are risking it all. Don't be sorry, be safe - Empower Yourself With Knowledge.

Are your assets protected in your home? Most insurance policies only insure from $100-$200  in cash against fire/ water damage, theft etc. Why risk your valuable belongings or hard earned money? Make sure they are safe and sound. Protection is a piece of mind. Get yours. You earned it, so keep it.

  1. It's Yours - You park your car at your residence - Why not park your money there?
  2. Your money is there when you need it. In the case of an emergency, bank holiday, or the various other concerns one would face if they absolutely relied on immediate access to funds. What happens if there is an earthquake, wild fires or hurricane and you needed to access funds in order to travel/ evacuate immediately. How long do you think the bank line would be if they were even open?
  3. Banks Cannot Be Trusted - Bank scandals are repeatedly surfacing, Account fraud and internet fraud are increasing by the day, and you shouldn't be charged anything for depositing money your bank. A deposit is actually a loan to the bank. Shouldn't they be paying you? And no I don't mean .25-1.25% interest either - that's literally nothing. That's roughly the chances of you getting robbed if you keep your money at home. Think about it.