How do banks make money?
Like any business banks generate income.
Long story short, banks make money by loaning money to
clients (you), manufacturing debt and collecting the interest in repayments
over the lifetime of the loan.
Banks play a very long term game with the interest they collect on the loans they provide often measured in decades when it comes to home loans.
If you had to make the choice between being Rich or being
Financially independent which would you choose?
The true answer is simple and complicated at the same time.
A lot of people have the dream of retiring early and being able to live their dream. But unfortunately for a lot of reasons this dream remains just that. A dream.
With life changing at faster rates, personal risks and pressures are higher and opportunities to break free seem to be vanishing at the same rate.
It makes a better URL than the ‘mindf**k of being your own
boss’ but that’s what I really want to title this as.
I draft this on a sick day.
The whole idea of starting a business is a big deal.
Where do you start? What are you going to do? Will there be competitors? What
The questions are endless and I can tell you from
personal experience that it’s a learning process. Hindsight is nasty things to
get wrapped up in. Coulda, Woulda, Shoulda … Urghhh.
One big factor is competition.