Dollars and Nonsense
About This Show
Dollars and Nonsense focuses on helping individuals and families find financial freedom. The podcast delivers real-world tips, tricks, and techniques for anyone wanting to take their wealth to the next level.
We do all this through the hosts sharing their vast knowledge and sitting down with experts. Plus, the show is for the average person—you don’t have to be a financial expert to get a metric ton out of every episode. We extract priceless resources and action steps for you and deliver them in a 30-minute bi-monthly show.
Most Recent Episode
E14: How Banks Work and How to Break Free From Them
In this episode, we will discuss how banks, the most profitable business in the word, have a monopoly on your money. And we'll share how you can break free from their scheme. We can talk about this thing for hours. But in this episode, we're going to nail down how banks work in under a one-half hour. In the course of explaining how banks work, we'll also discuss the inherent problems they create. And we'll shed light on infinite banking: becoming your own banker. ~ Banking Topics Discussed: ~ * How banks make money off of you * Why banks keep only a small amount of physical cash on hand * Why banks love credit cards so much * How to use Infinite Banking in place of a traditional bank * Paying yourself interest instead of a bank * Why we say "banks have a monopoly on your money" * Where the FDIC comes in * Are banks running a legal Ponzi Scheme ~ Episode Takeaways: ~ * Banks make money off of you by simply allowing you to deposit your hard-earned money into their bank. * Every deposit that someone makes at a bank is really like a little loan to the bank. * We're all lending money to the bank, and the bank puts it to work for themselves while charging you. * The most expensive money a bank has is the money that has to sit in their teller’s drawer because it's not working for them. * We’re paying the bank to use our own money. * That’s the Ponzi Scheme that the banks run with our money right now. Get a FREE transcript and other resources from this episode by going to: https://livingwealth.com/e14