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How Much Profit Do Banks Really Generate With Our Money?84

How Much Profit Do Banks Really Generate With Our Money?

The following charts depict one level of how VELOCITY creates profits for banks. This example shows some of what they earn on one $100,000 deposit into a CD for 5 years earning 1.5%. I have mapped out a scenario where the bank divided that $100,000...

0 comments    interest rates
Bank Strategies 1/6 - Cancel Interest Charges91

Bank Strategies 1/6 - Cancel Interest Charges

If you could walk into your bank and hand them $5 and in return they would hand you $23 through the teller window, how many times a year would you want to do that? This is not possible, surely?, you ask. Yes it is. How is this possible? This...

21 comments    homeowner line of credit heloc
Bank Strategies 3/6 - Interest Accumulation85

Bank Strategies 3/6 - Interest Accumulation

Following on from HUB's 1/6 and 2/6 is Bank Strategies 3/6, Interest Accumulation. Even though this bank strategy can be used any time by anyone, it is one of the main strategies (in combination with the...

11 comments    finance savings interest
Are You Looking for a Wall Street Alternative?69

Are You Looking for a Wall Street Alternative?

If you are looking for a Wall Street Alternative you have arrived at the final destination then. So far, during this time of financial turmoil has anyone stepped up and provided you with a viable solution of how to be safely and securely in...

2 comments    banks wall street banking system
Bank Strategies 5/6 - Reposition and Maximize Idle Money76

Bank Strategies 5/6 - Reposition and Maximize Idle Money

Everything we do with our money will fulfill our dream or fulfill someone else's dream. What does this mean?, I have been asked. Every decision we make about every penny we earn will either help us fulfill...

7 comments    dreams refinance bankstrategies
Bank Strategies 4/6 - Time Value of Money77

Bank Strategies 4/6 - Time Value of Money

The fourth Bank Strategy I will discuss on this HUB is Time Value of Money. Even though all 6 bank strategies in this series intermingle with each other, I believe, it is beneficial, to dissect each of...

7 comments    bank interest paradigm
Financial Strategies # 2  Cost of Life Insurance - Term vs Whole Life84

Financial Strategies # 2 Cost of Life Insurance - Term vs Whole Life

Obviously Term Insurance is the cheapest price one can pay for a death benefit during the time of one's life that you are least likely to die. I think that is common knowledge, right? Because of this, it is actually good to own Term Insurance if...

2 comments    whole life insurance
Financial Strategies # 3 - Is Paying Cash or Cash Value KING?78

Financial Strategies # 3 - Is Paying Cash or Cash Value KING?

You either pay interest to someone or you give up interest you could have been earning with the money being spent. This means every dollar is either working for you or working for someone else, but it is working. Interest never stops working. How...

6 comments    whole life insurance cash value
Financial Strategies # 1 Tax Free Earnings.68

Financial Strategies # 1 Tax Free Earnings.

You should be ecstatic to know the answer is YES. Now, how do I get my hands on those you ask? It is very easy. Buy a specially designed Permanent or Whole Life Insurance policy with a solid Mutual Company...

0 comments    company stock financial vehicles
Financial Strategies # 5 INTEREST rate vs cost - earned vs charged77

Financial Strategies # 5 INTEREST rate vs cost - earned vs charged

As a society we have been trained to look at certain aspects of banking in a limited way because by so doing we can easily be manipulated into thinking something we are offered is a good thing for us, when in...

0 comments    interest rates interest charges
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