Stagnant: Webster's Dictionary defines stagnant as 1: not flowing 2: dull, inactive
I have learned that money is always working. It works 7 days a week, 24 hours a day, does not take vacations, it just works, works, and works!
Is it working for you? Is it working for someone else?
Everyone has money that is stagnant, not producing. Here are a few questions to ask yourself.
If you have a savings account, how much interest are you earning in that savings account? Maybe 2-3%?
Do you always receive a tax return? This probably means you are paying Uncle Sam too much money and it's using your money throughout the year to make more money but not for you . Uncle Sam does not share the interest gained from your money with you.
Do you pay escrows on your mortgage payment? Think again, the financial institution is making money off of your money throughout the year and they are not sharing the gain with you!
When is your mortgage payment really due? Call and find out when is the latest you can send it without incurring a late charge.Most people pay their mortgage on the first when in reality, this payment is applied to the mortgage on the 15th. Again, those 14 days is earning them interest and they are not sharing it with you!
Why are we allowing this?? Think about it.
Let's turn this cycle around and take control of our finances. Let's learn to make our money work for us and not the bank!
Wonder why there is a bank in every corner??
Indeed it is true. Deposit your money in the first week every month and pay your bills after fifteenth of every month. So you will earn interest both ways.
by Shepherd's Lamb6 years ago
I just want to discuss what's going on in my little head right now and hope to hear from those of you more educated on the subject.I qualified to buy a condo in 2004 (six years ago). I paid $6,000 cash for...
by GL Bell6 years ago
Just saw this on morning news...If this is true than we have seen nothing yet...
by Daniel Carter6 years ago
I noted on the news last night that congress is trying to control bank interest rate hikes, and other predatory practices, at the same time that banks are countering such moves as quickly as they can with sudden new...
by Gary Anderson5 years ago
I bet you didn't know, with the way the banksters treat you, that when you deposit to the bank, it is a LOAN to that bank.You need more respect, after all, they are the borrowers!!!
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