Building Your Money Machine Six Ways Financial Institutions Take Advantage of You
Welcome to another eye-opening episode of the Building Your Money Machine Show! Ever get the feeling that your bank is making more money off of you than you're earning from them? Or how about that never-ending cycle of interest and fees that just won't quit? If that's ever crossed your mind, today’s episode is definitely for you.
Today we’re diving into six crucial ways financial institutions can take advantage of you and, more importantly, how you can protect yourself from these common pitfalls. From hidden fees to high-interest debt, promotional offers, conflicts of interest, mortgage traps, and investment fees, we're covering it all.
So, let's get started on how you can keep more of your hard-earned money in your own pockets, working for you and your financial dreams!
IN TODAY’S EPISODE, I DISCUSS:
- Hidden fees: Monthly maintenance fees, overdraft fees, and ATM fees
- High-interest debt: Credit cards, personal loans, and payday loans
- Promotional offers: Understanding the fine print and avoiding traps
- Conflicts of interest: Fiduciary vs. suitability standards
- Loans and mortgages: The risks of adjustable-rate mortgages (ARMs)
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- Why A Million Dollars Doesn't Make You Rich
- The F.U.N.D. Method For Building & Managing Your Emergency Fund
- Why Smart People Are Not Always Rich
- Why The F.I.R.E Movement Is A Pipe-dream
- How To Budget And Safe Without Feeling Trapped
- How To Build And Preserve Wealth During A Recession
RECOMMENDED VIDEOS FOR YOU
If you liked this video, you'll love these ones:
- Ten Tiny Habits That Build Real Wealth (REALISTIC): https://youtu.be/U2xunyOe-tg
- Why A Million Dollars Doesn't Make You Rich: https://youtu.be/S1Wn2n5jIo0
- The F.U.N.D. Method For Building & Managing Your Emergency Fund: https://youtu.be/oWFGkpLySag
- Why Smart People Are Not Always Rich: https://youtu.be/KknyOr-IU8A
- Why The F.I.R.E Movement Is A Pipe-dream: https://youtu.be/ynXhohQvMYk
- How To Budget & Save WITHOUT Feeling Trapped: https://youtu.be/979xsNd6P-4
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