Banking & The 3 Common Misconceptions Robert Jain Can Debunk
Banking is an endeavor that many people can take seriously, and understandably so. It's important to save and invest money wisely, which can be made easier with the efforts of Robert Jain and other financial experts. While you might have a solid understanding of your financial situation, you might have come across information that simply doesn't hold water. For those that are looking to get the most out of banking, here are the 3 biggest myths and the truth behind them.
"Credit unions should be ignored in favor of banks." The common belief is that banks are best for investing money, but this doesn't mean that credit unions should be ignored. In fact, they offer other benefits that banks lack. For instance, many credit unions offer lower interest rates. Furthermore, they are operated entirely by members, which is a big plus for those that are concerned about corporate influence. These are just a few perks that such names as Bob Jain can draw your attention to.
"Mobile banking is not as safe as traditional banking." You may think that sending your personal information online is unsafe, including when it comes to banking. The truth is that banks are mindful of how said information is sent and received. For instance, if you use your bank's mobile app, you will be able to check your account, send money, and deposit checks as safely as possible. Your details will be kept safe at all times.
"All banks have high interest rates." Another myth worth debunking is the idea that all banks charge high interest rates, meaning that there's no real way to escape them. On the contrary, it's entirely possible to shop around to see which locations offer the best rates. This will take research on your end, which means that you can't simply pick and choose what you'd like on a whim. For those willing to put in the work, though, the aforementioned rates will become less of an issue.
Hopefully this banking information will help you regain or better maintain control of your finances. There is plenty of misinformation floating around, especially online, which is why it's important to know the misconceptions that should never be fallen for. Furthermore, by understanding the truth behind them, you'll be able to not only save money but possibly earn more in the future. You have more control over your financial situation than you think.
"Credit unions should be ignored in favor of banks." The common belief is that banks are best for investing money, but this doesn't mean that credit unions should be ignored. In fact, they offer other benefits that banks lack. For instance, many credit unions offer lower interest rates. Furthermore, they are operated entirely by members, which is a big plus for those that are concerned about corporate influence. These are just a few perks that such names as Bob Jain can draw your attention to.
"Mobile banking is not as safe as traditional banking." You may think that sending your personal information online is unsafe, including when it comes to banking. The truth is that banks are mindful of how said information is sent and received. For instance, if you use your bank's mobile app, you will be able to check your account, send money, and deposit checks as safely as possible. Your details will be kept safe at all times.
"All banks have high interest rates." Another myth worth debunking is the idea that all banks charge high interest rates, meaning that there's no real way to escape them. On the contrary, it's entirely possible to shop around to see which locations offer the best rates. This will take research on your end, which means that you can't simply pick and choose what you'd like on a whim. For those willing to put in the work, though, the aforementioned rates will become less of an issue.
Hopefully this banking information will help you regain or better maintain control of your finances. There is plenty of misinformation floating around, especially online, which is why it's important to know the misconceptions that should never be fallen for. Furthermore, by understanding the truth behind them, you'll be able to not only save money but possibly earn more in the future. You have more control over your financial situation than you think.
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For more insight about finance, kindly consult Bobby Jain today.. This article, Banking & The 3 Common Misconceptions Robert Jain Can Debunk is available for free reprint.
posted by Vittoria @ February 03, 2019
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