Episode 49: [Toolbox] How Banks Win (Hint: It’s not about the Rate of Return)

In this episode, we ask: Who is winning? Why are the banks winning? How much are we saving, according to the Economic Policy Institute? What’s the real, the median rate of savings for American families? Is $5,000 dollars enough for total family savings? When did we become a nation of debtors? What is the median income...

In this episode, we ask:

Who is winning?
Why are the banks winning?
How much are we saving, according to the Economic Policy Institute?
What’s the real, the median rate of savings for American families?
Is $5,000 dollars enough for total family savings?
When did we become a nation of debtors?
What is the median income in the U.S.?
How much are we spending?
Why are so many of us slaves to the bank?
When will we be free from the debts and creditors?
What about buying a car?
How much of a car payment is going toward interest?
What’s the volume of interest?
How much of a mortgage is going toward bank profits?
Are you almost doubling the cost of the home by financing it?
What’s the volume of interest?
Where is our attention?
What matters most for retirement?
How is the rate different than the volume?
How much are you saving?
Are you paying attention to your financial environment?
Is there something better than paying cash?
Is there something better than being debt free?
How can you recapture the volume of interest back from the banks?
Does rate of return even matter?
What is the flow of interest?
What does the bank do with your money?
How much interest does the bank pay you?
What’s the rate of return the bank receives?
What’s the volume of return the bank receives?
Have you read Debt: The First 5,000 Years?
How do banks make so much money?
What is Fractional Reserve Banking?
How do banks leverage other people’s money?
What happened in the late 1980s/early 1990s with the Savings and Loan debacle?
What happens to your money when you hand your money over to the bank?
What is FDIC?
Were the banks in great shape in 2008-09?
What happens when the rates are artificially pushed down?
Are you thinking like a banker?
How much are the banks really making on the TARP money?
Are banks evil?
Would you like to own your own FDIC insured bank? Do you have buckets of money and a decade of free time?
Can a bank make a loan without a deposit?
Can you accomplish your own personal banking system with dividend paying whole life insurance?
Do you want to do what banks tell you what to do with your money?
Do you want to do what banks do with their own money?
What does it take to start thinking like a banker?
Are you in control of your financial environment?
Are you using the tail wind to your advantage?
What strategic adjustments can you make to advance?