Foundation 8: The Cost of Convenience with Banking

It's no secret that banks dominate both personal and business finance.

Yet, the realities of fractional reserves and how bankers really think about debt might surprise you. For example, have you ever heard of Marriner Eccles?

What if there was an alternative? What if that alternative put more power into the hands of everyday Americans?

Want more control over your financial future? Ready to use banks for their convenience without giving them control? Listen now!

00:00 Introduction: Do Banks Rule the World?

00:33 Sarah's Story: The Harsh Reality of Banking

01:30 Discovering Hope: Alternative Financial Systems

03:13 Personal Anecdotes and the Banking System's Impact

04:41 The Mechanics of Banking and Its Effects on Us

06:43 Fractional Reserve Banking Explained

10:18 Historical Insights: The Great Depression and Money Creation

12:53 The Problem with Debt and Consumer Culture

17:17 Seeking Alternatives: The Power of Being Your Own Bank

20:55 Taking Action: How to Secure Your Financial Future

Links mentioned in the episode:

• Grab your very own copy of Five Smooth Stones here: https://www.wealthwisdomfp.com/shop (physical and digital versions available)
• Schedule a Discovery Call with us here: https://www.wealthwisdomfp.com/call

Books to learn more about banking:

• The Bank On Yourself Revolution: https://www.bankonyourself.com/shop/the-bank-on-yourself-revolution-paperback
• Rescue Your Retirement: https://www.bankonyourself.com/rescue-your-retirement-book

Watch this episode on YouTube here: https://youtu.be/aeBP8qtSFQ8