I’m venturing outside of the box with this post. This post is unlike anything else I’ve ever written in terms of the topic I’ve chosen. However, I am writing about a topic I am well-versed in.
Education and…..Money $$$$.
We could go on and on and on. Laughter.
But I am particularly inspired to write based on the article posted in the Huffington Post, “Move Your Money: A New Year Resolution.” As the New Year fast approaches, we should all be taking an inventory of our financial health. As a twenty-something, I already know I have financial goals to work towards in terms of saving, paying down loans and credit cards, as well as investing and acquiring assets.
This article makes you remember WHERE you are putting your money. In 2010, I already started to act upon my knowledge of how the banking system works, and take back control by investing my money in a local community bank.
The Big Six, JP Morgan/Chase, Citibank, Bank of America, Wells Fargo, Goldman Sachs and Morgan Stanley, really don’t need any more of our money–and especially because they don’t care about us, please feel nothing wrong with making the feeling mutual.
I began the transition away from Bank of America to New York City’s Municipal Credit Union, because of the advantages the credit union offers and because of my understanding of the corrupt financial system most people are supporting and growing without even knowing it.
This article talks about our responsibility to “create a better financial system” in which big banks aren’t allowed to grow insanely, sticking us with all kinds of fees and then kicking us out the door when we return to them for a business, home, or personal loan.
The article asks the profound question, “Our money has been used to make the system worse — what if we used it to make the system better?”
What if all your city’s teachers or everyone in your network decided to disarm the Big Six by moving their money to a bank that will work for them?
Read more at Move Your Money, a website seeking to inform you more about this topic. Do your own research!