WEBVTT

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Many people fail financially

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because they don't understand
the key concept of becoming an owner,

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not a loaner.

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Most people are loaners.

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They invest their money

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in what they consider to be
safe investments,

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usually a local bank or credit union.

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But here's what happens.

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

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maybe around 1% at this time.

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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 rate

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for the use of your money.

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As a general rule,

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what you really have there
is a loaning account

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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.