Lotus Financial Services

Here’s my take on this. BSP has ordered lower interest rates for banks but is it really bad for consumers like us?

1. NO - the government is preventing recession by encouraging customer spending. This makes sure that more money is circulating. Better for businesses, Better for investors.

2. YES - it is indirectly bad if you’re looking to grow your money. Banks may not be the best vehicle for accumulating long-term passive income. Compounded interest through stocks and bonds will always sprint you towards your goals faster.

CONCLUSION: It is not bad to put most of your money in the bank. It is actually vital to have funds available. But if you’re working towards building a secured future, the interest rates might not be the best.

Always be safe for the welfare of the community. ☺️

Working corporate for 7 years, I know how hard it is to work endlessly just to get by. But what if uncertainties get in the way of letting you win in life?

Wouldn’t it feel better if nothing stood in your way? You deserve to be successful, without limitations.