Banks exist to keep you in debt, and so in misery, for as long as possible

21st April 2025

Banks are not your friend. They exist to exploit you, and they will whenever they can.

Now let's just, for the sake of the record, have a look at what they really do.

I know they produce those lovely cuddly adverts that imply that they're your friend, helping you out as you go through life, but all of that is complete and utter nonsense. Banks exist for one reason and one reason only, and that is to keep you in debt. Everything else that they do is peripheral to that goal.

But whenever you can avoid borrowing, because borrowing is designed to make you miserable, because you'll have less money available to you than you might otherwise.

Now let's just, for the sake of the record, have a look at what they really do.

Read a transcript of this video HERE

What to do
Stop using credit cards - er think of them more as debt cards and you may not spend so much on them.
Pay down debt as fast as possible
Save before borrowing
Don't use store cards
Pay as much as possible with cash so you know you can afford things.