Collective Wealth

S1E10: How the banks get rich (and why you aren't)


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Have you ever wondered how the big banks and investment firms really make their money? My guest Larry Bates spent 30 years working for some of the world’s most powerful banks, and in his tell-all book, Beat the Bank, he gives us a peek behind the curtain.  The Wolf of Wall Street famously portrayed slick sales tactics that bamboozled investors.  With weak security laws and unsuspecting investors, Bay street may not be as innocent as it likes to say it is.

Larry warns us to pay attention to the fine print.  If you want to get rich, you need to know what to watch for and what questions to ask the next time you walk into your bank.

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Collective WealthBy Stephanie Wolfe, Financial Coach