Banks Try To Screw You By Doing This


Have you ever walked in to a raggedy bank? Probably not, right? I mean, we’re talking about granite. These things look nice. They must be doing something super right. They must be doing successful. And yet, there’s a reason why they give you
that sucker on the way out. Reality is the banks are doing something and
they’re not sharing very nicely. Today, I want to expose what it is. And I want to share with you what we can be
doing to play it the banks game so that we can financially do better for ourselves and
for our families. And not just the large institutions. Do you use a bank? You’re being screwed. Thank you Dora the explorer. – ♫ The bank, the banks, the banks ♪ Swiper
no swiping! -Hello, freaking like put your pin in, right? -Swiper, no swiping. It’s a chip. -So guys, today, we’re talking about banks. And I’m joined by Carson who runs my company. Here’s Marianne who runs everything else. And we’re having this conversation about how
banks grows every single day. And the reality is that most of us are being
screwed financially because if we listen to society, starting with the banks, the banks
are the best at being the worst. And what I mean by that… -You just said that. -Dude, think about it. You put your money in the bank because you
want to be it to be safe. But what does the bank doing with our money? -Their doing… -Leveraging it. -They’re leveraging who? Not my money. I feel like they’re freaking leveraging like
me. I’m in a matrix and I’m just a battery. I give them my money. And what they do is they lend out 80 to 90
percent of it over and over again. So, they put put it out. They get a return. They put that out, they get a return. And they fractionalizes over and over and
over again. I mean they can take $100 and turn it to 5
grand. It’s crazy. -So, why aren’t we doing that? -Well the thing is though with the banks actually
give us in return for all of the money that making that they’re making on us. Do you guys know what they give us? -A debit card so I don’t have to carry cash. -That’s a benefit. -Easy access to credit cards. -Oh, lots of those. -So we can give them more money. -Which credit cards come with an insane interest
rate. -Right. -Guys, guys. -How about free checking. Checkbooks. -No, I mean money. How much money do they give us. How much are they sharing for the money we’ve
put out? Like 0.1% maybe? -Your banks sucks. -I get 0.2%. -Oh, well… You know… -So, banks obviously are playing games with
us. And you guys know if you’re a subscriber to
this channel, if you’re not, fix it right now. We’re poking fun at the obvious which is people
are sheeple. *Baah* And we sheepy taking our money and
we should be investing it. And we should be arbitraging. We should be earning money on the money that’s
out instead of…. Like… -Is that what arbitrage means? -Yes. Listen, I’m going to put it up. -I had so many people ask me what arbitrage
means. -Guys, I am the king of arbitrage. I know it’s weird big word. But you’re here to learn a word of the day. Here’s what arbitrage means. I borrow money at 2%. I lend money at 20%. The delta in the middle is 18%. -That’s arbitrage. -That’s arbitrage. Now, that’s policy of arbitrage because I
am making 18%. By the way, if I borrow money on a credit
card at 18% and I lend it at 0% because I bought a boat or something that makes me money. -Right. -Then this is a negative delta arbitrage of
18%, right? That’s a typical day for most Americans. -Right. But they didn’t even know it. -So, really there’s this idea that most people
are sending as much money as they want for retirement. But what they have to keep in a bank often. And a 401Ks is also the same thing as the
stock market. They’re leveraging us. We’re giving our money and they give us back
a little bit. And this is where it dawned on me. So, this morning I was just kind of working
on this video on my mind. And I was thinking about a family member of
mine that I had sold a house to. And I basically was hoping them to game of
investing. And along the way, they got some misinformation
and thought that I had bought the home for a lot less and sold it to them for a lot more. And they felt like, “Oh, my gosh. You’re taking advantage of me.” Then they got the information and found out
that it wasn’t true. -But hold on. Let’s back up just a second on that. If they were happy with the price that you
gave them, why do we have such strong feelings about someone having that arbitrage? -It’s the weirdest thing. -Technically, it’s okay, right? -It’s not illegal and It’s not unethical. -It’s not. -The grocery store does it to you every single
day. -Guys, they have this things called usery
laws. And usery laws essentially means that there’s
only a certain amount that you can make on or some charge before it actually unethical. And in this situation, there was a wide disparagement. -So they did have misinformation. -They had misinformation. They thought is was a 6-figure play. And it was… And it was not. It was really a help. At least that was the intention. And it just dawned on me that no one likes
being taken advantage of. And yet, with banks, they’re making so much
money on our money. But what they’re giving us back is so small
and it’s like, “How do you beat the game…” How do you beat the bank at their own game? I came up with some ideas that I want to do. -People are going to know this too. -So, check it out. Here’s some ways where you can actually play
the game… The banks game and win. Number 1, people either keep their money and
savings. Now, by the way, that’s smart for the amount
that you want to have as like an emergency fund. But some people are putting more money in
savings beyond the emergency fund. And now, the banks laughing at them. By the way, have you ever wondered still to
this day when you leave a bank, they give you a sucker on your way out? They’re freaking calling you… -Are for funding the sucker campaign. -Not just a sucker, they give you a dumb-dumb. -“You give me money, I give you dumb-dumb.” -That’s exactly how it is. So, savings, if you have extra money in savings,
don’t let them play you that game. The next one is a home equity line of credit. If you have a primary residence where you
have a home that let’s just say has a value of 250,000. And what you owe on it, if you can see on
the screen right here is let’s say, 100,000. Then right now, there’s a difference there
of 150 grand. Now, you might be on a mission. I am paying the thought so I can own this
asset being cleared. But I want you to be aware that the time to
pay out a home is when you have enough residual income that your time is free. And if your time not free, then you are pretty
much that you are trying to pay this off. So, that money is trapped. An the bank. would probably give you at least 100 grand
of that on a line of credit. And $100,000, it’s like, here’s what’s HELOC. Guess what you can borrow with that for. -Anything. -You can borrow that money often for 4%. By the way… It’s cheap. It’s inexpensive money. But like when I put it to my investments that
average 25% annual ROI… -Is that arbitrage coming back? -Now, arbitrage is coming back. -Okay. -Let me see. If money cost me 4% and I’m earning 25, then
I have a delta of 21%. -Basic economics. I give you 4, I give you 21, this works. -J.B Shae, French economist said that building
wealth is nothing more than taking from low yields and putting it to high yields. That’s all it is. All that I’m about to do here is prove that
because HELOC is low yield money. It’s actually making you nothing. It’s caused you the rate of inflation negative
3%. Borrowed it for earning something superior. And now, you’re the bank, actually getting
ahead. Or number 3, people put money into 401Ks. They put money in the IRAs. These accounts are earning like 5%, 4$. -Which is… To be frank, like, it’s something. It’s better than a savings account. -Better than nothing. -It can’t be a core strategy. -See, here’s the thing that people… -And the other thing is it ties it up. -And they think that the 401K is the retirement
plan which is the idea of like, building a house and when you retire, you have to tear
it down and hope you ran out of materials when you die. -Slowly eat the house. -Yes. -And when you’re left with nothing and you’re
like 75… And you’re like, “Crap, I got 20 more years
left.” -It’s a problem. -Right. -So, people have money in 401Ks or and IRAs
and I’m like, “Pay the tax and penalty. Get that money out. Free it out. Stop earning 5%, put that in something earning
20%. What’s the difference? 15%. -Well, not only that but there’s tax benefits
for this. I mean do you get benefits in front end, in
the middle and in the back end from putting in on a real estate? -You have an upfront hit for taking the money
out but you recuperate it so fast. Now, by the way, it’s not just 15% difference. Now, we say, “Well, let’s take a look of rule
of 72.” Do you know how long it takes for 5% to double
up itself? It’s like 14 years. Do you know how long it takes 20% to double
itself with compounding interest? It’s like 4 years. -Ouch. -Now, so just to be clear 1, 2 3 percent,
it sucks. 10, 12, 15, 20 percent… -So, the arbitrage is 15% today. -Difference. -Delta. -The delta is 15% today but… 10 years of your life back. Money should never be thought of an isolation. It always needs to be thought of in terms
of time. And when you take money and time to put it
together, that’s how we actually come up with ROI. It is the ultimate equalizer of what am I
doing with my financial decisions. Like if I take this hard-earned money and
I’m like, “I just can’t help it. I know I should invest but I’m going to buy
this car.” And this car is going to lose it’s value. And I’m going to earn nothing on this car. And you’ll look at the math and you’re like,
“Well, you got yourself the thing that you wanted. You lost all of your next egg for investing.” This money could’ve been doubling every 5
years. But in 5 years, it’s evaporated. -If you bought new, you lose $4,000 just driving
it off the lot. -Yes. -Dude, if you buy a car that just 3 years
old, you usually get the same model, you get the same look, 3 years old and you can save
yourself 30% of the value from depreciation for the first few years. By the way, advise that I never thought of. -Yes. But you’re already in a position . -Right. The beautiful thing is… Imagine investing that and then you still
get to have the car but now you’re earning it off the interest of money that’s paying
you. -Here’s what needs to happen: We got to reverse
the trend. Like, let me put up here as best as I can. If you… Like over here on the left, I’m going to put
extreme consumer. And on the right, I’m going to put extreme
investor. So, now, the consumer on the left, this person
is really good at losing money. The consumer is really good at losing money. It means that they’ll put their money in places
that devalues. They buy boats and cars and things that go
down in value. The extreme investor, what they’re doing is
they losing… They’re earning like a freaking beast. -Putting money to work the way the bank does. -Most people are right here in the middle. You’re one part consumer, you’re no part investor. And what they’re doing is they’re really busy
just trying to put money in 401Ks, IRAs, annuities, stocks and things that essentially earning
this 3 to 5 percent. Now, inflation is 3% which means you’re 3
to 5 is actually minus 3. So, you’re being in between 0 and 2 percent. And these people are wondering, “How come
I’m not really getting anywhere financially in life. And it’s because all that you’re really getting
is what you’re putting away. You’re earnings are so small. The interest is so small, it’s meaningless. -So, this is what you’re talking about when
you go from the accumulation mindset to the investor mindset? Because accumulation is not going to get you
where you want to go. -Because a consumer is screwed. They accumulator in the middle, they’re not
going to have enough retirement. And those that invest.. By the way, let me just… I am going to show you this image. I’m going to pull it up real quick. Look at this. The average american by their 40s has saved
$63,000 for retirement. But by their 60s, they saved 172,000. This is the accumulator that we’re talking
about. These people are one part consumer, one part
accumulator. They don’t have what they need for the retirement. But meanwhile, you basically just change your
habits a little bit. And you get to this investing side. And you know what changes? Everything. You look at the house that you bought. On just that first house. How much has it gotten like in value? -Oh, more than double. The value is 340. We only owe 130. So, we’ve got huge… -What is that 190? 180,000? -Yeah. -Okay, most people best investment they ever
buy in their entire life will be their house not their investments. Now, they’ll grow more equity in real estate
because real estate just depreciates with time than they will even investing. Which is why I say combine the 2. Become and investor of real estate and then… If you love… I remember when I sold one of my houses like
120 grand. And I’m like, “If I just do it 8 more times
or whatever, I’ll make a million dollars.” And so, I started thinking… 100 grand a house kind of my mindset. I’m like, “10 houses.” I count to million. 1, 2, 3, 4, 5, 6, 7, 8, 9 a million. So, I like that. So, I’m like.. If a house is a person’s best… Like if you read millionaire next door, it’s
the story of how super conservative accumulators that live on a certain areas, we’ll have their
house value go up and they’ll become accidental millionaire. They we’re conservative. They were often very stingy. They were not very much enjoying their life. If you’re spending money or not even knowing
how. But they… a millionaire, retirement is because
the house. And I’m like, “Shoot!” If that’s true, who wouldn’t want a time machine
30 years and just say, “I’m going to buy 5 houses. I’m going to rent the other 4 homes.” -And do it on purpose. -And the other thing that most people do though
with this consumer mindset is they will give up the asset to get in to the next asset. -Yes. They’ll have a primary residence and they’ll
put equity into it. Then they sell them. They take that equity and say, “That’s my
downpayment on my next house. So, I didn’t save, I didn’t invest, I didn’t
do anything. I’m just going from 1 consumable to the next.” -I heard someone… They’re like eating your seeds. You know? You’re not planting your seeds. If you plant your seeds and wait 5 years,
you can have a million seeds which you can eat some and plant some. But if you eat your seed… -Well, and the reality is most farmers, they
understood the law of the harvest because they grew seed every year. And they had to eat some and save some. -Right. -And we have to consume some. -We do. We have to live. -Yeah. And so, but if you consume all of it because
you’re hungry that winter, then in the spring, you’ll have nothing in fall and winter. -Right. -And when life and death is on the line, guess
what? They do us right. Unfortunately for us, we don’t have life and
death on the line. So, we give our banks stupidly our money. We’re sheeple not people. We’re not… We’re these accumulators. We’re not making great decisions. What we need to learn how to do is freaking
invest. Check it out. You guys all know this. This is my most recent publication. I’m freaking more proud of this than my last
book. This is a billion dollars of track record
nearly of 4,000 homes. Where our average ROI, our average ROI, 25%. On thousands of homes. And by the way, it actually goes from the
thousands of homes. -And it’s got addresses. If you’re watching this and you’re thinking,
“Got it. Banks are screwing me over. Can I do something more intelligent.” The answer is yes. This is free. You can actually get this. All you have to do is click the link below. Cover the shipping and my team will send this
out. 2 things, 1 I just want to educate you and
help you understand that the stock market is not your only option. And it’s not going to produce and ROI to get
you where you want to go. And second, I actually reveal my entire strategy
on how we do it. And you can just rip me off. So, if you want just like rip me off and take
it and run with it… It’s why we make these videos. It’s like, “Dude, go build you own wealth. Go control your financial future.” And don’t let the bank control your financial
future. -Well, to wrap up, you said, get irate. Like the banks are screwing us over. You can be pissed or you can look and be like,
“I can do the exact same thing the bank is doing. I can help my money to work.” -And go hand out that suckers to all the tellers… -Friends, thank you so much for watching today’s
video. If you’re not a subscriber, take care of that. If you want a free copy of this, this is a
financial game changer. It will blow your mind. The proof and the system and the results are
all trapped here in this document which will go ahead and send out to you. We look forward to seeing you on tomorrow’s
video as long as you ring that bell. Share this video with someone else. And do me a favor. Smash that like button because it tells YouTube
that this is worthy content. I hope you found it worthy because you freaking
made it to the end. And we will see you tomorrow.

15 thoughts on “Banks Try To Screw You By Doing This

  1. Dude you always so red and your eyes are so shiny kinda angry – I knew people like this from the past any they were coke-heads.
    Are you also a coke-head?

  2. I walk into my bank I get a cheap .o2 cent lollipop. I go through the drive thru of that same bank with my dog and she gets a couple of really nice dog treats. Next time I'm going to eat the dog treats and give my dog the lollipop.

  3. So I absolutely love your videos! I am going to get that book! But I just had a couple quick questions, what website should I use to find my homes, and do I have to go through real estate agents every time I am interested in buying a home?

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