The biggest mistake of 90% of people in the pattern of getting rich
Mohammad Hossein Adib
Over the past 12 months, banks have paid 261 thousand billion tomans of interest to depositors (almost equivalent to two-thirds of the country’s annual budget!)
In the current year, each government employee receives 1.95 million tomans per month
The interest that banks give to depositors is equivalent to the salaries of 11 million employees per year
The government pays 2.3 million employees a year
The interest on bank deposits is five times the salary that the government gives to its employees.
Naseruddin Shah
It is said that the representative of a foreign company shows Naseruddin Shah a new rifle, Naseruddin Shah orders ten rifles and one million cartridges, the president tells the company representative to bring ten rifles and one hundred thousand cartridges, the company representative says they themselves said one million, Sadr Azam says Shah Hassan doesn’t know numbers (he doesn’t understand numbers, bring 100,000) the next year, the representative of the company shows ten rifles and 100,000 cartridges to the Shah in a hall in the palace. Kanan says, “Do we want to go to the Russian war when you have brought so many cartridges?” The company’s representative looks at the president and the president softly says in the company’s representative’s ear, “The king doesn’t understand numbers, he needs to see the cartridges to understand what he is saying.”
Those who object to the low rate of interest on deposits should pay attention to the interest that banks pay to deposits in general. Do banks receive interest equivalent to the salaries of 11 million employees per year from the interest received from borrowers in order to pay the depositors? Can Iranian borrowers pay 11 million people a month? Banks are intermediaries between depositors and borrowers, receiving interest from borrowers equal to the salary of 11 million is a joke, it is a joke, it is a joke, banks are fooling people, people should not take these deposit interest seriously.
People should always consider two points in getting rich: return and risk
The higher the profit or yield, the higher the risk. In simple words, risk means the higher the profit they give to your money, the higher the risk of burning your money. Those who want more profit buy more risk.
The highest profit now belongs to the deposit and it has the highest risk. Anyone who thinks otherwise does not know the two basic principles of business.
The fact that the central bank has issued a license to a bank, so the banks are obliged to pay accrued interest is unbanking and illegal. According to the law, the central bank guarantees deposits up to one hundred million tomans. According to the principles of global banking, central banks only accept retail deposits. It guarantees up to 150,000 dollars, because the central bank has given permission, so the guarantee interest is against the world banking custom.
Assuming that the central bank wants to give money to the people, the central bank must print banknotes, and the printing of banknotes leads to inflation after a hundred days.
The central bank helped financial institutions in crisis by printing 11 thousand billion tomans of banknotes, which was the main reason for the increase in the dollar rate in the last month.
If the central bank prints banknotes and pays the losses of financial institutions, the dollar will rise
Do not focus on deposit interest as the main factor of wealth. Do not base your portfolio on deposit interest. This comedy is closer to the end than the beginning under the title of deposit interest.
@eaststartups
This post is written by omid_1352