They Lies Government and Banks Tell They Citizens
If the banks lived by their own advice which is to save money, the banks would be losing money.
When you go and deposit $1,000 in the bank, that cash that you deposited is a liability for the bank.
An Asset to something that puts money in your pocket, a Liability is something that takes money away from your pocket so when the bank have your cash, it's a liability for them. They want to get rid of it as fast as possible and the way they do that is by lending it out because it's an Investment for the bank.
They don't want to hold onto cash, but they want you to save your money with them and leave it there and your money is losing value to Inflation each and every day.
Everyday that you keep your money in the bank, you're becoming poorer each and everyday.
When you keep your cash in the bank, they bank is paying you 0.1% or maybe 0.5% if you're lucky and the turn around lending it out for like 5% to 6%, so they don't keep your cash because its liability for them, they want to keep you spending money on their credit card because now they'll get to earn 18 to 25% in interest every time you spend $1.
The Government wants you to be Financially Uneducated and do you know why; because you're an employee and a consumer, so who pays the highest taxes? Employees and consumers!!!
Everybody knows that rich people don't pay taxes, it makes people angry but a lot of times, we don't understand why and we get angry at the wrong things and wrong reasons and you know that you can do a lot of things legally to pay less money in taxes and there are different ways that you can invest your money to pay less money in taxes.
Well, let me actually start with this; Tax Avoidance and Tax Evading are two similar words with two different outcomes.
Tax evading is illegal and then you go to jail.
Tax avoiding is legal and then you get hated for doing it.
And if you learn the IRS Code, it's a rulebook, the people who understand the Rulebook are the people who have the money to hire the good accountants and the good attorneys and so what happens is wealthy people will understand how this works, play within that system and pay little to no money in taxes.
Lets assume that you have either some sort of your own income, you're a side hustler or you're a business owner, and you make $500,000 profit.
So if you take out a Salary, that's going to be Taxed.
Now the question is what is a Tax Deduction or the better question is how can you make something a tax deduction??
Because anything can be a tax deduction if you know how to make it a deduction and that's the question you have to ask yourself.
So if you don't have an income, you don't have any tax on you.
The government and its system are so corrupt that they don't want you to know this and that's the more reason Money In The Bank Is At Risk, move your funds into the Quantum Financial Ledger Account (QFS).
