WEBVTT

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Many people fail
financially because they

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don't understand the key concept
of Becoming an Owner, Not

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a Loaner.

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Most people are loaners.

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They invest their
money in what they

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consider to be safe investments,
usually a local bank or credit

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union.

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But here's what happens.

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The bank takes their money, pays
them the current rate, maybe

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around 1% at this time, and
then loans that money out

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or invests that money
directly in the economy.

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The bank receives high rates
of interest on its investments

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and is happy to pay
you a low interest

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rate for the use of your money.

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As a general rule,
what you really have

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there is a loaning account
rather than a savings account.

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You are lending
money to the bank.

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And they are making a
profit off your money.

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You have no choice but
to reverse the situation

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if you want to make
your money work for you.

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You must become an
owner, not a loaner.

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You must learn to
bypass the middleman.

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[MUSIC PLAYING]

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