Be Your Own Bank: Secrets Every Saver Needs Now

https://www.youtube.com/watch?v=ivNjgBZM19Q If you want to get your money to do the most, learn these essential keys to be your own bank. (NOTE: "be your own bank" does not mean that you are literally a bank or creating a bank, rather we mean emulating the idea of banking.) Instead of being a saver who's a star-student customer of the bank, this is how you supercharge your savings to control capital, earn interest, and increase your cash flow as you model the banking system - the most profitable business model in the world. So if you want to keep your money at your disposal and earn maximum returns at the same time (without having to put your money in a position of risk), check out podcast episode right now! In this podcast episode, you'll discover the three simple steps to be your own bank: * 1: Keep cash reserves* 2: Own the reservoir* 3: Master the art of arbitrage Where Does Being Your Own Bank fit into the Cash Flow System? Being your own bank is a process of managing your cash flow so that you keep and control as much of your money as possible. This system is better known as Privatized Banking, and is one step in your journey to time and money freedom. That’s why we’ve developed the 3-step Business Owner’s Cash Flow System as your roadmap to go from just surviving, to a life of significance, purpose, and financial freedom.  The first stage is the foundation.  You first keep more of the money you make by fixing money leaks, becoming more efficient and profitable.  Then, you protect your money with insurance and legal protection and Privatized Banking.  Finally, you put your money to work, increasing your income with cash-flowing assets. Be Your Own Bank Step #1 - Keep Cash Reserves Why do we use the banking system? What do we want it to do for us? As a customer of the bank, you put your money in the bank for safekeeping, between uses. If you shift your lens and look at banking from the bank's perspective, you'll quickly learn why they're the most profitable business model in the world. The banker stores your cash and pays you for the use of that cash. Because the banker stores cash, that capital offers opportunities to make loans that will be repaid at interest. This means that because the bank has capital reserves, they have opportunities to put their money to work. Check out our article on increasing your cash flow by modeling the bank to see what benefits the bank gets. So how can you store capital, so you can get the banker's benefits? You have to start by keeping cash reserves. The way to accomplish this is to pay yourself first.