insights INSIGHT Banks Profit From Your Debt ios_share
Banks profit when you spend money you don't have, primarily through debt products like credit cards and loans.
Debt means spending tomorrow's income today, and banks earn interest on this borrowed money, which often finances depreciating assets.
play_arrow Listen from 00:52 Save
volunteer_activism ADVICE Pay Off Debt To Gain Freedom ios_share
Pay off consumer debt like credit cards, student loans, and auto loans to escape financial slavery.
Make financial sacrifices to reduce debt so you keep more money for yourself instead of the bank.
play_arrow Listen from 03:34 Save
insights INSIGHT All Debt Is Risky ios_share
All debt is bad debt because mismanaging debt, even "good debt," can ruin investments.
Using debt to invest or build your business carries risks and requires disciplined management to avoid financial loss.
play_arrow Listen from 04:24 Save
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In this episode, Jaspreet pulls back the curtain on how banks really make money and why it’s hurting you more than helping you:
Why banks profit more when you go into debt
The real reason they push credit cards, car loans, and HELOCs
Why “good debt vs. bad debt” is a dangerous trap for most people
The sacrifices you’ll need to make if you want real financial freedom
How to stop making your banker rich and start using banks to your advantage instead
The sneaky way banks market debt as a “solution” to your money problems (with receipts from Wells Fargo)
If you’re tired of living paycheck to paycheck or just blindly following what everyone else is doing...this is your wake-up call.
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