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Episode 7: Banks Use Your Money—Why Aren't You?
Episode 7: Banks Use Your Money—Why Aren't You?
M.C. Laubscher here, and welcome to Infinite Banking Daily, where you get your daily dose of the best alternative wealth building strategies.
Today we pull back the curtain on how banking really works. When you deposit money, the bank pays you a fraction of a percent. Then they turn around and lend that same money at 5%, 6%, 7% or more. They're using YOUR capital to generate returns for themselves. The question is: why aren't you doing the same thing?
Key Takeaways:
How banks profit from the spread between what they pay you and what they charge…
The skinny
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