WHY REQUIRING ASSET IS BETTER THAN KEEPING MONEY IN THE BANK IN THIS TIME AND AGE

First of all,let take a look into what asset and bank is.

WHAT IS ASSET?
Asset can be property which is considered to have value and it owned by either individual or an organization,asset can be acquired in other to save money or for business purposes.

WHAT IS A BANK?
Bank is a licensed financial institute which received deposit from customers and issues loans.

Source

Economically,banks are known for the safest and place to keep money but is it really a profitable place to stack up money,considering the way banks are structured in their way of operations,it is very detectable that banks gain more in terms of profit more than the customers whom actually owns the money.
Banks makes gains through different mediums:

1. interchanging fees
   This when an individual buys stuff by using the credit or debit card provided by the banks,certain amount of charges is being deducted from the transaction.

2. Interest from loans
   Loans is one of the most profitable way that banks make their money,if loans is being issued by a bank,there is a time frame that will be agreed upon and if the time supposedly expired,the bank has the right to cease the asset or valuable use as collateral.

3. charges from every transaction made by customers
   Certain charging is being charged by banks for any type of transaction made and also through provision of services mutual funds revenue,c credit card services,investment management fees.

4. credit spread
   This the two debt securities of same maturity but different in credit quality.

The brief analysis giving about how banks way of profiting off customer deposit shows they gain more than the depositors.

How is acquiring asset more profitable
Acquiring asset such as: real estate ,this includes land,tools,equipment,machinery and furniture which are tangible assets,this types of asset can appreciate when means it can generate more incomes.

Charging money to gold
Gold is also a good asset to have because of the value it possesses and the tendency of appreciation it has,gold is also use for a backup plan for countries and companies who are faced with financial and economical crises.

CONCLUSION
I hope this content will help you understand the importance of acquiring asset profitable reason instead of saving money in the bank with low
returns.

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