Joshua NelsonSeven Figure Agency · Mentor / Coach at Seven Figure Agency

Money in the banks😳🤯 #motivation #banks #viral #viralvideo

Name: Money in the banks😳🤯 #motivation #banks #viral #viralvideo
Uploaded: 2025-07-11T19:00:55+00:00
Duration: 1 min 19 s
Channel: Joshua Nelson
Description: In this short dialogue, Speaker A explains that deposits are essentially loans to banks, turning the depositor’s money into a liability for the bank…

11 Jul 2025 · 1 min

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1:19

In this short dialogue, Speaker A explains that deposits are essentially loans to banks, turning the depositor’s money into a liability for the bank, which then creates credit and trades securities rather than simply storing cash. He argues that because banks are not designed to preserve individual wealth, intelligent individuals should seek alternative systems to protect their finite resources of time, energy, and attention. Speaker B responds by acknowledging banks as one option but emphasizes diversification: using whole life insurance as a protected, continuously growing nest egg, and testing cryptocurrency. He positions whole life insurance as a safe base to fund higher‑risk investments, thereby constructing a broader wealth‑building portfolio.

Chapters

Banks do not deposit money. You do not deposit money into the banks. When you give the money in the bank, you're loaning the bank money. That's why you have an interest return. Once you get an interest return, that money is no longer an asset, it's a liability. And then they take that liability and they create credit. They are in the business of buying and selling securities. They're not in the business of storing your money. So once you understand that they're not in the business of storing your money, then you need to store your money. So what are you going to store your money into? Monopoly paper that they've been told brings value? We're going to alternative system. The intelligent person that values their time, energy, and attention because it's a finite resource and they want to maintain that into the near future, they will find an alternative system.
Yeah, I mean, there's a lot of places you can store your money. The bank is a great place. Another place is in, in different assets like whole life insurance. You know, you know, you just want to think as you're growing your agency and you're creating wealth, you're not solely reliant on cash in the bank. Make sure you make some investments, diversify and test out cryptocurrency. Um, I like to have a very safe place to put my money, and so that's why I put a lot of my cash in the whole life. That's protected, it's constantly growing, and then I can use that as the nest egg to make higher-risk investments and, and grow my wealth portfolio.