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Understanding Financial Choices: Banks vs. Fridges

This piece explores the financial implications of saving money in banks compared to investing in tangible assets like fridges. It delves into concepts such as liquidity, return on investment, and the impact of interest rates over periods of 10 and 20 years. By comparing scenarios where money is kept liquid versus borrowed, the text elucidates the benefits of asset ownership and the potential drawbacks of traditional banking. It poses thought-provoking questions about the ownership and legacy of one's money, encouraging readers to think critically about their financial decisions.

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Understanding Financial Choices: Banks vs. Fridges

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  1. Banks & Fridges (1 of 2) 72 divided by 7(%) = 10 yrs $2,000 $1,000 $2,000 $1,000 10 yrs 20 yrWarranty 20 yrWarranty Nothing $2,000 10 yrs $2,000 $4,000 $2,000 $0

  2. Banks & Fridges (2 of 2) A B Higher Rate of Return Lower Rate of Return When you put your money into the bank would you prefer… Your money to belong to you (Liquid) Your money to belong to the bank (Borrow) Once your money is in the bank would you prefer… Your money to be passed to your survivors Your money to be kept by the bank When you passed away would you prefer…

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