THIS Is How Banks Keep You POOR | Minority Mindset

Get a 10-Day Free Trial of Market Insiders: https://theminoritymindset.com/Market-Insiders . . ✅ Invest in crowdfunded real estate with Fundrise*! http://bit.ly/InvestFundrise *This is an advertisement. Minority Mindset is a paid partner with Fundrise. Subscribe To Our Channel: http://bit.ly/M2YouTube 🚨Subscribe to our FREE Finance & Business Newsletter🚨 Financial News You Can Finally Use: http://bit.ly/M2FreeNewsletter Recommended: Fake Money Is Making Americans Poorer: https://youtu.be/tMLo-2pjK30&list=UUT3EznhW_CNFcfOlyDNTLLw Why Real Estate Investing Is The Best: https://theminoritymindset.com/blog/real-estate-investing-is-the-best/ THIS Is How Banks Keep You POOR | Minority Mindset 0:00 - Video starts 0:41 - How the banking system works 1:54 - How banks make money 7:30 - How much money is created by banks 8:25 - Opportunity cost of keeping your money in the bank 8:59 - Inflation eating away your savings 10:37 - How to use the bank the right way 11:59 - How debt works 13:30 - When debt can be useful 14:40 - Buying assets What Is The Minority Mindset? It's thinking differently than the majority of people. Minority Mindset was founded to revolutionize the way Money Minds think about money and to make financial literacy fun. We do this by sharing videos, articles and resources on how to make, save and invest money. #RethinkRich Check out some of our recommended products! Please note: These are our sponsors, so if you use them, we will get compensated. There's no additional cost to you. ---------- ➤ Real Estate Investing Online 1) 🏠 Fundrise - Invest in real estate with as little as $1,000! See the historical returns here: http://bit.ly/InvestFundrise ---------- ➤ Best Online Savings Account 2) 🏦 CIT Bank - Get a much better interest rate on your savings account with no fees. CIT Bank is FDIC Insured and conditions apply: http://bit.ly/CITsavings ---------- ➤ Active Stock Market Investing 3) 📈 Webull - Buy & sell stocks, pay $0 in commissions, and get a free stock: http://bit.ly/m2WebullFreeStock ---------- ➤ Passive Stock Market Investing 4) 💰 M1 Finance - Pick a few ETFs and stocks, then let M1 Finance invest your money automatically: https://bit.ly/M1FinanceStocks ---------- ➤ Loans & Refinancing 5) 💸 Credible* - Get the lowest interest rates possible on your loans - see how much you can save: Mortgage Refinance: http://bit.ly/RefiMortgageCredible Getting A New Mortgage: http://bit.ly/NewMortgageCredible *Advertisement from Credible Operations, Inc. NMLS 1681276, not available in all states. Visit https://www.credible.com/a/state-licenses for important information about Credible’s licenses. ---------- ➤ Home & Life Insurance 6) 🛡 Policygenius - make sure your family is protected with life insurance & home insurance. Policygenius will find you the best deal at no cost to you: Get a free life insurance quote: https://bit.ly/PolicygeniusLifeYT Get a free home insurance quote: https://bit.ly/m2HomeInsurance ---------- ➤ Car Insurance 7) 🚗 CarInsurance.com - See how much you can save on your car insurance with a free quote: https://bit.ly/m2carinsurance ---------- ➤ Credit Cards 8) 💳 See some of our recommended credit cards*: http://bit.ly/BestCreditCardList *We are compensated when you click on or are approved for offers. The information in this video and YouTube description was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. ---------- Twitter: https://www.Twitter.com/MinorityM1ndset Instagram: http://www.Instagram.com/MinorityMindset Facebook: http://www.Facebook.com/MinorityMindset See more & read our blog! http://www.TheMinorityMindset.com This Video: https://youtu.be/l-lPwXa3JIQ Channel: https://www.youtube.com/MinorityMindset Video host: Jaspreet Singh DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated - but there's no additional cost to you. DISCLAIMER CONT'D: I'm just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.