society wants you to be broke so keep
doing this and I guarantee you the rest
of your life you're gonna be broke what
is up guys in this video we're gonna be
talking about how money actually works
and why just letting it sit in a bank is
one of the worst things that you can
possibly do and yes I said that money
actually explain why that is because the
numbers just simply don't lie it's
simple economics that inflation raises
the prices of everything by about 3%
every single year so for example if you
have like a tube of toothpaste that
costs $1 at the beginning of the year on
January 1st that same tube of toothpaste
is going to cost a dollar and three
cents at the end of December of that
same year that means that at the end of
the year if you had a dollar in the bank
you would have only $1 and three one
hundredths of a cent so you can see that
inflation went literally a hundred times
faster than you actually appreciated
your money by letting it sit in a
quote-unquote safe bank account now tell
me how does that make any sense so when
you actually look at the numbers putting
your money in a bank account it's
actually depreciating in value relative
to the inflation of the actual country's
currency so if a tube of toothpaste cost
$1 at the end of the year it's a dollar
three and that same dollar if you left
it in a bank account would be worth less
than the dollars value on the open
market so literally when you think about
it leaving your money in a bank you're
actually losing money and some of you
guys might be saying okay Kevin but
that's you know Chase and Bank of
America and the big banks and that's
true there are online banks that do
offer you know around two percent
interest to leave your money in a
savings account in an online bank and
they can do that because they don't have
any physical locations they have a lot
less employees and overhead and things
like that you're still only making 2%
when inflation is going up three so
let's say that you have 1 million
dollars if you left that in a bank
would literally be losing you know
$20,000 or even $30,000 in the
quote-unquote safe bank account
investment because you'd be losing money
relative to inflation because you to
only be earning you know a fraction of a
percent leaving your money in a safe
bank account and so if you ask me you
know the first rule of investing should
definitely be don't invest in something
that you know for sure is going to lose
20,000 or 30,000 dollars doesn't matter
how much money you have saved in the
bank right you're still going to be
losing money to depreciation and to the
opportunity cost of allowing inflation
to actually appreciate at a faster
percentage than the amount you're saving
from interest leaving your money in a
bank account but that brings up an
interesting point right why his society
taught us to do this why have banks
taught us to do this and leave our money
in a safe savings account well the
reason that banks have you know spread
this propaganda and they're teaching
people to do this is because banks do
something called a fractional lending
and essentially what fractional ending
means is only a certain percentage of
actual cash deposits are backed by real
cash from the bank and what this allows
banks to do is continue to loan your
money again and again and again to all
these different people all of whom you
know they're earning money on their
investments with so banks are allowing
you to keep your money in savings
account where it's gonna depreciate and
lose value and then those banks are
turning around taking that same money
and then investing that money and making
hundreds of millions of dollars doing it
lending it to a person after person
after person and then earning interest
on that actual money so if you think
about it these same banks that are
spending tens of billions with a be
billions of dollars every single year
advertising to get people to actually
put their money in the quote unquote
safe savings account the reason that
they're doing that is because they're
making a return on their investment
right they're investing tens of billions
of dollars into advertising to continue
to make people put their money into
savings accounts where those people like
you and me are losing money just so
those banks can go around and
fractionally lend you know that same
money to hundreds if not thousands of
different people and then make an
absolute fortune by doing it and in
vesting that money and so if you don't
want to live like the majority and just
kind of be brainwashed and do the things
you're supposed to do what does this
actually mean for you it means you're
going to have to take risks calculated
risks and doing your research before you
take those risks but you have to take
risks if you don't you're doing the
biggest risk of all which is knowing
that you're gonna lose money for sure
and taking risk what does that actually
mean right it does mean that it's
possible for you to fail but every
entrepreneur in the world who is
incredibly successful failed at their
businesses I can promise you that but
for every failure there's also a success
right every failure that I have in my
life I learn from I don't think of it as
failure I think of it as feedback and
more feedback that I get the more I'm
able to make better decisions and
actually create the life that I want and
build you know in a massive amount of
wealth and more importantly happiness so
what I recommend you do is to reverse
engineer what you want in life right
don't let society dictate what you're
supposed to do look at somebody that you
admire somebody that you consider
successful who is truly happy and then
reverse engineer how they did it right
don't always just listen to what people
are saying look at what people are doing
if people are making youtube videos and
they have a life that you like maybe you
need to start making YouTube videos
right but at the end of the day the only
person who can create the life that you
want is you right nobody can do it for
you you have to do the research you have
to put the work in you have to go
through the struggle to get the things
that you want and nothing in life comes
easy right the best things in life take
real hard work and so my advice to you
would be go out and find somebody who's
doing it right somebody that you look up
to somebody that's successful and has
the things that you want
reverse-engineer it and get started
doing the same things that they're doing
and sooner or later you are gonna get to
that same place that they're at because
society doesn't want you to join the 1%
that's just the actual truth you have to
fight and you have to take what you
deserve in this life and doing the
opposite of what society and what most
people are telling you sometimes is the
best thing that you can possibly do so
what I recommend is that you question
right do your own research and formulate
your own opinions and that is one of the
best ways that you can possibly get
ahead in life and so if you want to
learn more about investing what I
recommend you do is checking out this
video right here where I break down the
best strategies that a complete beginner
can use to start investing even if you
have very very little money to stop
you're gonna be talking about Warren
Buffett aka the stock market King we're
gonna talk about the strategies that he
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