Your money and Banks

Today lets talk about money; Money is not prosperity but a medium of exchange.


Wealth on the other hand is the outward result of prosperity or the result of putting money to its good usages.

Banks do not make a person rich and have not made any man rich. I am amazed at the way people regard banks as if the bank is there to help you become successful.

Our Lord Jesus describe bankers or the use of banks as the least of things one should do to with money when he was explaining the parable of the talents, (Matthew 25, verse 27) He told the servant who did not do anything with his talent but put it in the ground that the least he should have done was to put the money in a bank for some interest.

Bankers do not keep your money in a container in the bank, but sincerely use your hard earn money to do business or lend for large profits.

Let say you keep a million or two in a bank after a year what do you earn as interest, yeah for once do a check. But the bank on the other hand will take your 1 million loan a person to maybe buy a car and make about a quarter or half a million on your money, while leaving you with the same amount you brought without any yield or interest.

Please do not get me wrong here, I use the bank to receive money everyday but my money does not stay in the bank, I use my money to do and run businesses everyday but to just let it stay there is real foolishness.

Years back I tried getting a loan from the bank to start a business it never turn out right the terms were just outrageous, it was me making more money for the bank than for my business.

Please never take a loan to buy an expensive car or any household item, I find that stupid and trying to live in the fast lane. I believe that one can save towards anything gradually. ”Banks are actually shylocks but government approved ones who are ready to pay the levies by government and generate funds for government to stay in business”

Recently a friend took a loan to purchase an asset, before the 2 million was paid out to his account, about a 100 thousand was deducted for bank charges for 24 months payback and in 1 year the percentage has change from 16 percent to about 26 percent.

This year, do not put too much in any bank especially in the so call developing countries as with the Euro debt crises it may turn out to be an economic recession especially Africa and more banks will either merge or just go under. Look at China a nation that turn around from a consuming nation to productive one. It is time to become a producer and not a consumer, let your money begin to work for you. Think on what to do with money, maximize your money, produce, buy and sell, create things that make life easier and become a marketer or reseller.

In my suggestive opinion use a corporative as a business partner, or a micro finance bank that uses the corporative method (LAPO micro finance bank) I benefited from this structures.