It’s time to become your own banker. Here’s how –

Sometimes I wonder why most of the giant mega-banks are based in New York.
They should be here in Las Vegas, the gambling capital of the world. Because that’s precisely what they’re doing with your money.
Actually it’s not even your money.
From a legal perspective, every single penny you deposit at the bank becomes THEIR money. You’re nothing more than an unsecured creditor of the bank.
And now that they legally own what used to be your money, the bank can gamble it away on whatever crazy investment fad best serves their interests.
Here’s an easy way to understand it:
Imagine you were moving and needed to rent a storage facility for a few months to store your stuff.
You rent a U-Haul and move everything into the storage unit.
The way banking works, the second you drive away, the storage company now owns your furniture. Not you.

This post was published at Sovereign Man on May 12, 2017.