Ever wonder if you handed your investment money to someone more loyal to their employer than their clients?

Who puts you first?

First, let us understand how banks make money.

Critically, you are paid the least amount on your money and then fees come in to shore up bank profits.

The biggest way banks make money is by minimizing the interest they pay you on your deposits. In banking jargon, this is known as maximizing their “net interest margin” – but it’s just a fancy way of saying they’re making money on your money and not passing it along to you.  When you deposit money at your bank, it doesn’t just sit there. Your bank loans it out and earns interest on those loans.

Banks make money from service charges and fees.  These fees vary based on the products, ranging from account fees (monthly maintenance charges, minimum balance fees, overdraft fees, non-sufficient funds (NSF) charges), safe deposit box fees, and late fees. Many loan products also contain fees in addition to interest charges. Banks also earn money from interest they earn by lending out money to other clients. The funds they lend comes from customer deposits. However, the interest rate paid by the bank on the money they borrow is less than the rate charged on the money they lend. For instance, a bank may offer savings account customers an annual interest rate of 0.25%, while charging mortgage clients 5.75% in interest annually.

The Financial Mentor Focus  is a 12-week investment into loyalty to your money.  As a financial coach, I have helped my clients experience an increase in assets by at least $50,000 through a detailed review of 12 financial areas of their life.  This is a positive return on investment for the training I offer.  

In fact, we discuss the many ways to get banks to help you maximize your money relationship.

What would stop you from investing if you knew that it would bring you at least $50,000 in assets over the 12 week period and at least $100,000 when you put in the strategies we teach in the program?

I would love you to share your feed back.  Our goal is to help you build your wealth.

Of course, you can also sign up for a free 15-minute consultation if you want to talk face to face.

Let’s explore how I can help you see more money in your life.

By the way, share with your friends.  You tend to earn a similar amount to the people you hang out with.  So a rising tide can lift all boats.