In this video, I show you how banks are keeping you poor. What happens when you deposit money into your bank account? Where does that money go and how can it affect you in a negative manner? br It is essential to understand that banks earn profits by issuing loans. The money which is loaned to consumers can come from a variety of sources, primarily from savings and checking deposits. br One of the concepts introduced in this video is known as fractional reserve banking. It allows banks to only keep a fraction of your deposits on hand while lending the remaining percentage to consumers. br br Why don’t schools teach important financial lessons? br br Get 2.40 Interest on this savings account: br br Invest for FREE with M1 Finance: br Robinhood Investing App: br br Follow me on Instagram ➤➤➤ br br Read these investing books: br The Intelligent Investor: br Technical Analysis For Dummies: br One Up on Wall Street: br A Random Walk Down Wall Street: br Security Analysis: br Listen to two audio books for FREE by signing up for an Amazon Audible 30 day free trial!!➤➤➤ br br Net Worth Tracker (Free): br br Call me to learn how to grow a YouTube channel: br br Subscribe for more videos like this: ... br br Want to grow your business? Check out Santrel Media’s YouTube Channel br ➤➤➤ br br DISCLOSURE: Some of the links on this page are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase andor subscribe. Affiliate commissions help fund videos like this one. br br I am not a financial advisor. The ideas presented in this video are personal opinions and for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.