Banks are a Business and Businesses make money. The money they use to Profit is the money people deposit.
The Federal Deposit Insurance Corporation (FDIC) is the U.S. corporation insuring deposits in the United States against bank failure. The FDIC was created in 1933 to maintain public confidence and encourage stability in the financial system through the promotion of sound banking practices.
Traditional Banking is misunderstood as Helping the consumer. In many ways the opposite is true.
Vance D. Lowe understands banking and his training as an Infinite Banker Consultant can amend the concept of banking for the benefit of the person that chooses to create his or her own path. Every business is in the market to make money and banking is a BIG business. Banking today is all about the bank earning and borrowing your money. Your money is why the banking industry, as we know it works.
Traditional banking a very cost effective for the banking industry because you do not reap the benefits of your dollar. Don't misunderstand because the Infinite Banking Concept is not suggesting you stash your hard earn savings into you mattress. Many people are under the impression that the bank and its FDIC status secures every dollar they invest but as mentioned this is false.
In short traditional banking is profiting from your money.
Advanced Retirement Strategies, LLC highly suggest the road to understanding the Infinite Banking Concept is to read Becoming Your Own Banker.
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Step Two: Schedule an appointment with an ARS financial advisor.