Channel: Wealth Hacker - Jeff Rose

Category: Education

Tags: low interest ratesbank accountmoney in the bankfractional reserve bankinghow to build wealthhow to make moneyhow banks worksaving moneyhow to savebanking alternativesbanking and finance

Description: Stop loaning money to your bank when you could be investing and making high returns like they are. Banking alternatives: youtube.com/watch?v=SpB4STP_Nio Educate yourself on how the banking system works, why you need to be concerned about banks federal reserve requirements, and what you need to do to build wealth. 🔎 RESOURCES MENTIONED 👇 🏦Best Online Banks: goodfinancialcents.com/best-online-banks 📈Low Risk High Return Options: goodfinancialcents.com/low-risk-investments-options-high-yield 📝Fractional Reserve Banking: investopedia.com/terms/f/fractionalreservebanking.asp 💵Fed Reserve Requirements: federalreserve.gov/monetarypolicy/reservereq.htm 🔖CHAPTERS 👇 0:00 Intro 0:45 Don't Keep All Your Money in the Bank 1:14 My Background Financial Services 1:44 Bank's Primary Purpose 3:43 How Bank's Make Money 4:52 Fractional Reserve Banking 6:39 Federal Reserve Requirements = ZERO 8:18 Big Deal For Many 9:11 This is Not How You Build Wealth 10:38 Banks Be Playing You 11:43 Banks Do Have a Purpose 12:38 Learn How to Invest ★☆★Buy Crypto Here★☆★ 💶Blockfi- Crypto Currency Saving Accounts : wealthhackerlabs.com/blockfi ➜Celsius - Free Bitcoin w/ New Account: wealthhackerlabs.com/celsius ▶️ CoinBase - $5 Bitcoin New Accounts bonus: wealthhackerlabs.com/celsius 🎯Webull: Get Free Stock and trade crypto: wealthhackerlabs.com/webull ★☆★Time to Invest!★☆★ 📊Build Custom Portfolios at M1 Finance: wealthhackerlabs.com/M1Finance 🎯Get Free Stock w/ WeBull: wealthhackerlabs.com/webull 🏠Invest in Real Estate w/ Fundrise: wealthhackerlabs.com/fundrise 💳 Free Credit Score w/ Credit Karma: wealthhackerlabs.com/creditkarma —— ✅🧠Learn From Jeff✅🧠 ▶︎▶︎▶︎ Free Course: "Make $1K Blogging" 💻 //Step by step guide shows you how to start a blog and make your first $1,000 ➡️➡️➡️ Make1kChallenge.com ———— ★☆★The Ultimate Guide to Make More Money 💰 [FREE DOWNLOAD]★☆★ //This guide has everything you need to know about how to make MORE money: ➡️➡️➡️ wealthhackerlabs.com/make-money-guide —— ★☆★The Passive 1k Formula™★☆★ //The exact process Jeff used to grow his passive income business that generates hundreds of thousands dollars per year passively. ➡➡ learn.wealthhackerlabs.com/p/passive-1k — — 🔔 SUBSCRIBE TO WEALTH HACKER ON YOUTUBE 👇 wealthhackerlabs.com/subscribe ★☆★ WANT MORE FROM WEALTH HACKER™ LABS?★☆★ 💰Wealth Hacker™ blog: wealthhackerlabs.com 💻 Personal finance blog: goodfinancialcents.com Podcast: 🎙 itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 ★☆★Pick up Jeff's best selling book, Soldier of Finance, here: ★☆★ 📗amzn.to/2JVzwwo ★☆★ CONNECT WITH JEFF ON SOCIAL★☆★ ➡Twitter: twitter.com/jjeffrose ➡Instagram: instagram.com/jjeffrose ➡Facebook: facebook.com/jjeffrose ➡Linked In: linkedin.com/in/jeffrosecfp Code: M2EOREXTKB1AKNYH NZ1BC4QXKVXRBP79