I always want to be the “bank”…not in Monopoly… in real life.
You know how everyone thinks banks are safe places to park their savings?
That’s exactly what the banks want you to think. So you’ll put your life savings with them.
What’s your interest rate in your bank savings account?
Inflation is 3.3% each year…are you making or losing money in savings account?
The bank borrow money for almost free and lend YOUR MONEY out at 5%, 7%, 10% interest.
How about you get 8% return on your savings deposit, and when you need to borrow money, you pay only 0.75% on loan interest?