The Banking Process
The Secret Behind the Banking Process
Banks are in the business of making money, and they accomplish this by taking the money you deposit and lending it out to other companies and individuals.
In fact, any place you store your money for future use, whether it be with an insurance company, bank or retirement account, does the same thing. They take the money you deposit with them in the front door, and sell it out the back door to mortgage companies, financing companies, credit card companies, or development companies.
And what do those companies do with it?
They sell YOUR MONEY back to you!Think about that for a moment……
When you buy a car or a house, what’s the first thing you have to do? You have to QUALIFY for it!
You must demonstrate that you have the ability to pay back any loan you receive.
But here’s the kicker….whose money are you really borrowing?YOUR OWN MONEY!It’s the same money that you paid to the insurance company, deposited in the bank, or saved in your 401k or IRA…it’s YOUR money!
Watch the short video below to learn more.