March 23, 2026
How Banks Work (And How They Make Money Off You)
Darrin and Maurice Shabazz break down how banks work and how they make money from their customers. From fees and lending to credit card partnerships and investing your deposits, this episode explains the hidden mechanics behind the banking system and how you can become more financially awar
WEBVTT
00:00:00.080 --> 00:00:05.200
We know a lot of people who have not the best credit scores, they've been delinquent or they've been late.
00:00:05.280 --> 00:00:06.879
So then they get the late fees.
00:00:06.959 --> 00:00:13.839
And the late fees can be anywhere from ten, twenty dollars or they can be thirty, forty dollars, depending on the bank.
00:00:14.160 --> 00:00:22.719
So a lot of people who don't have all the liquidity in the world, they're getting hit up both directions maintenance fees and late fees from the credit cards.
00:00:22.800 --> 00:00:29.760
And the banks and the credit cards, the visas and the Bank of Americas and the world, they're making all this money from you guys.
00:00:29.920 --> 00:00:33.039
They make a lot of money from people who don't have a lot of money.
00:00:33.119 --> 00:00:34.640
It's crazy, isn't it, Shabazz?
00:00:35.200 --> 00:00:35.759
It is.
00:00:35.920 --> 00:00:39.520
They prey on the people you know that have the poor money mindset.
00:00:39.759 --> 00:00:41.759
So it's really predatory.
00:01:13.280 --> 00:01:14.480
This is Darren Harvey.
00:01:14.560 --> 00:01:19.439
I'm your gracious host of Financial State of Minds, and I'm joined by co-host Marie Shabazz.
00:01:19.519 --> 00:01:31.920
And this is the show where we help you get to that bag, manage that bag, and grow that bag as best as possible as we discuss financial and business literacy and anything and everything to do with the almighty power of the dollar.
00:01:32.079 --> 00:01:37.439
And this show is, of course, being hosted on KGPC96.9.org.
00:01:37.599 --> 00:01:38.799
It's this where you can stream it.
00:01:38.879 --> 00:01:46.959
And of course, radio frequency is 96.9 and available on all of your favorite platforms of choice for streaming.
00:01:47.200 --> 00:01:49.200
So today's topic.
00:01:49.359 --> 00:01:55.359
It's going to be a 30-minute episode, short, but I think it's going to be very important we talk about this to make this clear to people.
00:01:55.599 --> 00:01:56.560
Topic of the day.
00:01:56.799 --> 00:01:58.159
How does a bank work?
00:01:58.719 --> 00:02:00.079
How does a bank work?
00:02:00.239 --> 00:02:01.920
So that's the topic for the day.
00:02:02.000 --> 00:02:05.840
How a bank works, how it makes money, how it does business, all that stuff.
00:02:06.159 --> 00:02:15.039
So I wanted to just talk about this a short 30-minute episode because most people do not understand how a bank works.
00:02:15.199 --> 00:02:17.680
And works means how does it function?
00:02:17.840 --> 00:02:18.960
How does it make money?
00:02:19.120 --> 00:02:22.080
What are some of the rules and regulations around it?
00:02:22.560 --> 00:02:23.599
How does it work?
00:02:23.840 --> 00:02:30.639
So, of course, I'm joined by Shabazz, who's been in the game 20 plus years, so he's gonna know a thing or two about this subject.
00:02:30.719 --> 00:02:33.520
So, Shabazz, I will let you start off with things.
00:02:33.759 --> 00:02:38.000
So, if someone were to ask you, hey Shabazz, how does a bank work?
00:02:38.319 --> 00:02:40.240
How would you describe it for him?
00:02:41.199 --> 00:02:45.520
Well, it's a good question because a lot of people don't really think about it.
00:02:45.759 --> 00:02:47.680
So, great topic.
00:02:47.919 --> 00:02:58.400
So, how banks work, most people think believe that let's say they get a 30-year mortgage and at a certain percentage rate, right?
00:02:59.360 --> 00:03:00.560
This is the thing.
00:03:00.800 --> 00:03:06.560
Most people still believe that the bank is waiting 30 years to get their money, right?
00:03:07.039 --> 00:03:08.319
With interest, right?
00:03:09.120 --> 00:03:11.280
And that's not how it goes.
00:03:11.599 --> 00:03:18.719
So probably a great example is the housing crisis back in 2000, 2007, 2008.
00:03:19.199 --> 00:03:22.560
So when the housing market crashed, this is what happened.
00:03:23.199 --> 00:03:32.560
So before I get into that, banks are not gonna wait for in the in the scenario of a 30-year mortgage, they're not waiting for 30 years to get their money back with interest.
00:03:32.639 --> 00:03:35.919
What they do is they package up that loan and they sell it.
00:03:36.080 --> 00:03:48.719
And they might sell it overseas to another bank or whatever, and but people be like, well, but I'm still paying Bank of America, I'm still paying Chase Bank, I'm still paying such and such mortgage.
00:03:49.360 --> 00:03:54.240
Yeah, because now that bank has to pay them to service the loan.
00:03:54.560 --> 00:04:03.439
So they make money to service the loan, and they also make money by papering up, packaging up that paper and selling it for a profit.
00:04:03.680 --> 00:04:21.040
So what happened in the housing crisis is that the loans that were made, it wasn't good paper because a lot of the loans that were made at that time, the underwriting of criteria just did not fit people who could actually pay back those loans.
00:04:21.120 --> 00:04:22.959
So a lot of that paper was bad.
00:04:23.199 --> 00:04:31.279
And what happened was is that banks overseas said we're not buying your paper because a lot of these loans are being defaulted on.
00:04:31.360 --> 00:04:39.920
And so when they automatically stop buying these packaged loans, everything came to a halt.
00:04:40.399 --> 00:04:42.879
And that's what caused the housing crisis.
00:04:43.120 --> 00:04:44.000
Right, right.
00:04:44.879 --> 00:04:47.120
So let's pull back a little bit.
00:04:47.279 --> 00:04:50.720
Let's just break it down like the listener may not know anything.
00:04:50.959 --> 00:04:53.519
So let's first start off like this.
00:04:54.079 --> 00:05:03.439
So there's your bank, and most people think of a bank, they're thinking Bank of America, Willis Fargo, Chase, Citibank, Capital One.
00:05:03.600 --> 00:05:07.519
Those are the big national American banks, basically.
00:05:07.759 --> 00:05:08.079
Right.
00:05:08.240 --> 00:05:09.279
So let's stick with that.
00:05:09.439 --> 00:05:10.879
Of course, there are regional banks.
00:05:11.040 --> 00:05:13.199
Shout out to Patelco, that's who I bank with.
00:05:13.439 --> 00:05:14.639
There's like a Fremont bank.
00:05:14.720 --> 00:05:18.240
So those are regional, they service just a city and region around it.
00:05:18.480 --> 00:05:20.160
They're usually not national.
00:05:20.879 --> 00:05:23.120
And there's a third one, online only banks.
00:05:23.279 --> 00:05:28.720
Those are the ones that there is no brick and mortar, the entire company is operating online.
00:05:29.040 --> 00:05:32.560
There's no way you can go into a branch and ask for anything.
00:05:32.720 --> 00:05:33.920
Those are online-only banks.
00:05:34.079 --> 00:05:37.199
So we're gonna focus on those three for this short conversation.
00:05:37.759 --> 00:05:40.639
Now, let's talk about okay.
00:05:40.959 --> 00:05:43.439
The bank houses your money, right?
00:05:43.600 --> 00:05:58.079
So you put a deposit, whatever, you have a couple thousand dollars in your savings account, and they collect that for nationwide, or if it's a national bank or a regional for citizens around, let's just say the Bay Area, they're collecting all these people's money.
00:05:58.560 --> 00:06:03.360
So let's talk about how the banks are actually what their services are, how they're making money.
00:06:03.680 --> 00:06:04.879
So you just said one of them.
00:06:04.959 --> 00:06:06.560
They're lending the money out, right?
00:06:06.879 --> 00:06:08.560
So you're right.
00:06:09.199 --> 00:06:17.600
They aren't sitting and waiting around for 30 years if you get a loan from a bank, um, when it comes to a mortgage, they're not waiting for the whole 30 years.
00:06:17.680 --> 00:06:18.800
You just you nailed it.
00:06:19.040 --> 00:06:22.720
They are getting paid for servicing and packaging of it.
00:06:23.600 --> 00:06:25.519
So that's one way they make money.
00:06:25.839 --> 00:06:30.079
The other way they make money is of course, well, fees.
00:06:30.399 --> 00:06:42.079
So especially national banks, national banks, unless you have a certain amount amount of money sitting there, or do you do a certain amount of transactions, the accounts aren't free, right?
00:06:42.160 --> 00:06:52.720
It's$10 maintenance fee,$25 maintenance fee,$50 maiden fee, whatever it is, depending on the type of account, checking, savings, personal business side.
00:06:53.120 --> 00:06:55.680
So they offer other type of services too.
00:06:55.759 --> 00:06:58.000
They offer investing type of services.
00:06:58.240 --> 00:07:06.240
So simple high yield savings account, simple CD accounts, those are other ways that they offer a service, right?
00:07:06.800 --> 00:07:15.759
So, Shabazz, how is the bank making money with the money that the everyday person is depositing into their account?
00:07:15.839 --> 00:07:17.439
How are they making money that way?
00:07:18.160 --> 00:07:20.800
Well, they're loaning that they're loaning that money out.
00:07:21.120 --> 00:07:21.519
Right.
00:07:21.759 --> 00:07:28.800
So, yeah, they have something called an LDR, it's a loan to deposit ratio.
00:07:29.040 --> 00:07:29.439
Right.
00:07:30.240 --> 00:07:40.079
So what happens is that you could just about usually the banks have a 80% rule.
00:07:40.240 --> 00:07:47.920
That's usually where they cap, where they will loan out 80% of their liquid, right?
00:07:48.399 --> 00:07:50.079
Up to 80%, right?
00:07:50.560 --> 00:07:56.160
And some banks are sitting at 70%, but of course the banks go above that.
00:07:56.480 --> 00:08:00.959
And usually when they go above that, they're in the red flag zone.
00:08:01.279 --> 00:08:23.439
And that's why you probably people have probably seen where the government has had to belt, the Federal Reserve had to bail out the banks, because they went above the loan to deposit ratio, and now they don't have enough liquid to actually cover, especially in case of people start defaulting.
00:08:23.519 --> 00:08:33.759
Like if there's a high percentage of defaults on loans, then basically they're in trouble because their loan to day loan to deposit ratio is so high.
00:08:34.480 --> 00:08:35.679
A good movie, man.
00:08:35.840 --> 00:08:37.120
I can't even think of the movie.
00:08:37.200 --> 00:08:41.679
You might know the name of the movie where the two brothers opened up a bank.
00:08:41.759 --> 00:08:44.320
It was back in the mid-1900s.
00:08:44.559 --> 00:08:45.120
Samuel L.
00:08:45.200 --> 00:08:49.360
Jackson played in it, and um, I forget the name of the other actor, the other brother.
00:08:49.440 --> 00:08:50.240
You know what I'm talking about?
00:08:50.399 --> 00:08:52.879
I know what you're talking about, but I can't think of the name of the movie myself.
00:08:53.039 --> 00:08:54.000
I don't think I've seen it.
00:08:54.240 --> 00:08:56.559
But that was the reason why they had to go to jail.
00:08:56.720 --> 00:08:57.039
Right.
00:08:57.279 --> 00:09:03.279
Because they the amount of their loans, the LDR, the loan to deposit ratio.
00:09:03.360 --> 00:09:04.480
That was the reason.
00:09:04.799 --> 00:09:12.879
Yeah, so my understanding I might be wrong is federally the banks are required, they have to have, I think it's 10%.
00:09:13.279 --> 00:09:24.960
So 10% of whatever total amount of assets or or or whatnot, basically money they have, it has to be readily accessible at all times, liquid, aka liquid.
00:09:25.039 --> 00:09:27.120
It needs to be 10% of their money needs to be liquid.
00:09:27.200 --> 00:09:29.759
It's mainly my understanding is withdrawing, right?
00:09:30.000 --> 00:09:33.840
So that they can that people can withdraw their money and the money's actually there.
00:09:34.000 --> 00:09:35.679
The money, the actual currency is there.
00:09:35.840 --> 00:09:36.159
Right.
00:09:36.399 --> 00:09:49.039
What happened with a lot of these bank closures that happened in, I think what, 2022, 2023, even 2024, and before is what essentially a withdrawal or a banking withdrawal run.
00:09:49.200 --> 00:09:59.840
And then what happens is it's usually tied to the market, but basically a wave of people withdraw their money at the same time.
00:10:00.000 --> 00:10:04.639
And same time being within a couple of days, within a week, within two.
00:10:05.200 --> 00:10:13.679
And what's happening is they're withdrawing over that 10% or 20%, really should be 20%, but I think federally they can do 10%.
00:10:14.399 --> 00:10:23.759
They're withdrawing too much of that, and therefore the bank can't no longer give out its money and it starts to collapse based off of that.
00:10:23.919 --> 00:10:35.679
There's other factors too that can cause a bank to collapse, but that's a lot of times is the is the big trigger point is those withdrawals and it comes from the market, which leads to another way banks make money.
00:10:35.919 --> 00:10:39.919
If people are wondering, okay, Darren, I have a savings account.
00:10:40.000 --> 00:10:44.879
It could be with Bank of America, it can be with Patelco, it can be with an online bank.
00:10:44.960 --> 00:10:46.639
They all offer savings accounts.
00:10:46.799 --> 00:10:52.000
Some of them offer high-yield savings accounts, but all of them offer some type of savings account.
00:10:52.159 --> 00:10:54.399
And of course, we always make fun here on the show.
00:10:54.480 --> 00:11:08.559
You know, ha ha ha, Bank of America is only offering a 0.0005 return on your money, or, you know, maybe a one full percent if, you know, you have a certain amount of money deposited in the account.
00:11:09.200 --> 00:11:18.559
But then there's other smaller banks like a Patelco that are currently offering three, you know, under certain conditions, a 3.5 under certain conditions, conditions.
00:11:18.639 --> 00:11:21.360
Usually it's just how much money you have in the account.
00:11:21.600 --> 00:11:24.080
They offer that, they can offer something higher.
00:11:24.399 --> 00:11:26.159
Okay, well, think about it.
00:11:26.320 --> 00:11:33.840
If they're giving you, at best case scenario, a three, a three and a half, they're still making money.
00:11:34.000 --> 00:11:35.440
So how are they making money?
00:11:35.600 --> 00:11:38.240
Well, they're making money because they're investing your money.
00:11:38.559 --> 00:11:40.799
So banks invest.
00:11:41.519 --> 00:11:46.320
That's one of the biggest ways they're making their money, is they invest your money.
00:11:46.480 --> 00:11:50.879
Like Shabazz said, only 20% needs to be liquid.
00:11:51.039 --> 00:11:52.960
The other 80% is where?
00:11:53.120 --> 00:11:54.080
It's in assets.
00:11:54.320 --> 00:11:55.919
Assets being investments.
00:11:56.159 --> 00:12:01.519
Usually it's the stock market, but it can be real estate, obviously, because they're handing out mortgage loans.
00:12:01.679 --> 00:12:05.519
But they're investing the money, they're investing all of our money.
00:12:05.759 --> 00:12:10.080
That is one of the biggest ways banks make money.
00:12:10.240 --> 00:12:24.240
They're simply investing the vast majority of money that we are giving them to hold for us, and they are giving us a differently, essentially a small cut, a very small cut of those profits.
00:12:24.399 --> 00:12:35.600
So I say if they're making, you know, if they're giving you 3% on your savings account, somewhere that money invested is getting, they're getting like an eight, they're getting like a seven, they're getting a 10.
00:12:35.759 --> 00:12:36.799
You know, that's true.
00:12:37.039 --> 00:12:48.240
Again, we all know, if you're a listener to the show of any length, you know that I always push the S P 500 and the SP 500 over the last 100 years averages an 8 to 12 percent.
00:12:48.480 --> 00:12:53.360
So the banks we can definitely say is getting an 8%, at least they're getting 8%.
00:12:53.759 --> 00:12:57.120
And if you're at a regional bank, you're getting a three return.
00:12:57.200 --> 00:12:59.600
And if you're at a national bank, you're getting what?
00:12:59.679 --> 00:13:02.879
Again, a 0.0005 in return.
00:13:03.039 --> 00:13:07.840
They're making a gang of money investing your money.
00:13:08.080 --> 00:13:10.480
So that's another way banks make money.
00:13:10.559 --> 00:13:14.639
Um, Shabazz, what are other ways that banks make money?
00:13:15.200 --> 00:13:17.120
So, of course, investing.
00:13:17.360 --> 00:13:18.960
They invest in so many different things.
00:13:19.039 --> 00:13:20.720
You you hit it right on the head.
00:13:20.960 --> 00:13:24.240
Um, like they make money by with fees.
00:13:24.639 --> 00:13:29.200
You think about all the fees, a lot of checking accounts, they're not free.
00:13:29.440 --> 00:13:45.279
A lot of uh, a lot of people that basically are living check to check, they have a lot of NSFs and insufficient funds, and they're getting charged anywhere up to close to 40 bucks for each NSF that they have, right?
00:13:45.679 --> 00:13:47.519
And they make a ton.
00:13:47.919 --> 00:13:59.120
I did some research on how much money that these national banks make from not in NSFs, and that number was like astronomical.
00:13:59.759 --> 00:14:01.120
Astronomical.
00:14:01.360 --> 00:14:06.480
So they make a ton of money for you not having money, right?
00:14:06.879 --> 00:14:08.799
You don't have money, but they're making money.
00:14:08.879 --> 00:14:10.720
And as soon as you get it, boom, they take it.
00:14:10.879 --> 00:14:17.200
Because you need your checking account at the end of the day, you might have direct deposit or whatever, but people need their bank accounts, right?
00:14:17.440 --> 00:14:20.080
So, yeah, and there's so many different fees.
00:14:20.320 --> 00:14:38.720
There's hidden fees, too, that people don't even know about, they don't even pay attention to, you know, for different transactions, and people aren't even really paying attention to their bank statements or really analyzing it from that standpoint, and people are just going along with their everyday life and not really understanding.
00:14:38.799 --> 00:14:40.559
And and this is the thing.
00:14:40.799 --> 00:14:53.360
They're making so much money off of their money, the people who actually bank with them and deposit money into the bank, they're making so much money off of your money because they're lending out your money.
00:14:53.519 --> 00:14:55.120
And this is the other thing.
00:14:55.440 --> 00:15:00.639
A lot of man, there's people that live their whole life and never get a loan from the bank.
00:15:00.879 --> 00:15:11.519
The bank that they bank with, the one they've been with for the last 10, 20, 30 years, they never get a loan from their bank that supposedly that they have a relationship with.
00:15:11.759 --> 00:15:26.559
And so you're depositing money into this account, you're a faithful customer, they're giving you less than 1% interest on your money, especially if you're with a national.
00:15:26.639 --> 00:15:34.480
If you're with Bank of America, if you're with Chase, Wells Fargo, Citibank, basically they're giving you less than 1%.
00:15:35.039 --> 00:15:39.200
And then they're lending out money, so they're basically lending your money out.
00:15:39.360 --> 00:15:41.200
And the bigger the bank, the less they give.
00:15:41.360 --> 00:15:42.000
That's the thing.
00:15:42.159 --> 00:15:43.759
And that's what people don't understand.
00:15:43.919 --> 00:15:46.159
Smaller banks, yeah, there's more benefits.
00:15:46.320 --> 00:15:48.399
The bigger the bank, the lesser the benefit.
00:15:48.559 --> 00:15:54.960
You know, I I I can't forget, I forget who I got that terminology from, but somebody said it, and it was it's right, it's spot on.
00:15:56.080 --> 00:16:00.000
But banks make money several different ways off of your hard-earned money.
00:16:00.240 --> 00:16:03.519
Yeah, so I wouldn't go into I'm gonna literally list them.
00:16:03.919 --> 00:16:04.399
Fees.
00:16:04.639 --> 00:16:05.440
You're right.
00:16:05.679 --> 00:16:10.159
They make so much of their revenue off of fees, it's crazy, to the point where they have to regulate it.
00:16:10.639 --> 00:16:18.480
I know I'm not sure federally or state of California regulated to where they couldn't charge a certain amount of dollars for certain fees.
00:16:18.720 --> 00:16:22.480
It was so high, and they're making so much money off of these fees.
00:16:22.639 --> 00:16:27.679
But okay, we take calling we've named a couple of them, but let's just list them so you guys have it in list form.
00:16:28.080 --> 00:16:33.840
Fees include your checking account, your business account, maintenance, just maintenance.
00:16:33.919 --> 00:16:43.440
So you can be a perfect person that always has money in there, and you're still getting charged again a$10 a month,$15 a month,$20 a month,$50 a month.
00:16:43.519 --> 00:16:48.240
You know, on the business side, it definitely gets higher a month just for maintenance.
00:16:48.960 --> 00:16:51.279
Then, of course, that's if you have the money.
00:16:51.440 --> 00:16:54.080
If you don't have the money, that's where they really get you.
00:16:54.240 --> 00:17:09.039
You get charged for overdraft fees, you can get charged for not having enough money in the account, you can get charged for having too many or too little transactions in the account, all the hidden fees that you mentioned.
00:17:09.200 --> 00:17:16.400
Hey, you didn't have a certain amount of money within a span of 30 or 30, 60 days, the calendar month or the cycle, the banking cycle.
00:17:16.640 --> 00:17:17.519
There's that.
00:17:17.759 --> 00:17:26.319
So there's all the ways from just basically the liquid side, the liquidity side, they charge you a fee.
00:17:26.559 --> 00:17:33.119
But there's one thing that they could be making money off of that I'm sure everybody kind of wonders about too.
00:17:33.279 --> 00:17:35.200
So Shabazz, you're the leader in this.
00:17:35.279 --> 00:17:43.039
I'm gonna ask you, what does the relationship look like between the credit cards and the banks?
00:17:43.279 --> 00:17:46.079
So I'll pull it out for the viewers to see.
00:17:47.599 --> 00:17:52.960
But I have a Bank of America credit card.
00:17:53.519 --> 00:17:57.119
And if the viewers can see this, it has Visa on it.
00:17:57.599 --> 00:18:05.759
So we all know that Visa is not Bank of America, but we all associate credit cards with banks.
00:18:06.079 --> 00:18:14.720
So Shabazz, can you break down how money is being made with between Visa and Bank of America when they issue me this credit card?
00:18:15.119 --> 00:18:17.759
Oh man, credit cards are the worst.
00:18:18.079 --> 00:18:23.039
Well, I'm not gonna say they're the worst because that's what everybody believes, or what most people believe.
00:18:23.279 --> 00:18:26.960
If they're used a certain way, they definitely can be beneficial.
00:18:27.119 --> 00:18:42.640
But when it comes to fees, if you're on the other, if you're on the losing end of that scenario where you're not in a position to pay off your balance every month, you are subjected to a ton of fees.
00:18:43.200 --> 00:18:52.720
Well, I mean, the average interest rate, the average annual percentage ratio for credit cards right now is anywhere from 15 to 20 percent, right?
00:18:52.960 --> 00:18:54.000
That's just average.
00:18:54.079 --> 00:18:54.799
Some of them go up.
00:18:55.200 --> 00:18:55.920
I'm gonna say it's higher.
00:18:56.000 --> 00:18:57.359
I wouldn't say it's about 20, 25.
00:18:57.680 --> 00:18:57.920
Right.
00:18:58.160 --> 00:18:58.400
Yeah.
00:18:58.559 --> 00:19:02.160
So yeah, and then you have uh some that goes up to almost 40 percent.
00:19:02.400 --> 00:19:04.960
Yeah, yeah, there's 30% credit cards nowadays, you guys.
00:19:05.039 --> 00:19:06.880
There are 30% credit cards interest rates.
00:19:07.200 --> 00:19:12.480
Yeah, so if you have bad credit, and people always say, what is bad credit really costing you, right?
00:19:12.720 --> 00:19:23.680
So I always tell people, man, it's a hundred percent beneficial to get your credit rating in a good place because you're subjected to so much more when it comes to fees and when it comes to interest.
00:19:23.839 --> 00:19:32.079
And then they have maintenance fees, they probably credit cards, I don't know for sure, but I would probably imagine they have more fees than the actual bank.
00:19:32.319 --> 00:19:32.559
Yeah.
00:19:32.880 --> 00:19:33.039
Yeah.
00:19:33.359 --> 00:19:34.640
So um they do.
00:19:35.200 --> 00:19:39.920
So, and people say, Well, I've been paying it, but the balance never goes down.
00:19:40.079 --> 00:19:43.039
That's because it's so many fees, right?
00:19:43.440 --> 00:19:48.319
And plus, with the interest, along with the interest, so you got fees and you also have interest.
00:19:48.559 --> 00:19:55.440
So having a credit card balance is not in your benefit at all.
00:19:56.319 --> 00:20:00.240
So if you could pay off the balance each month, of course, you're not subjected to all those things.
00:20:00.400 --> 00:20:06.160
You're still gonna be subjected to fees, you know, but you won't be subjected to the interest.
00:00:00.080 --> 00:00:05.200
00:00:05.280 --> 00:00:06.879
00:00:06.959 --> 00:00:13.839
00:00:14.160 --> 00:00:22.719
00:00:22.800 --> 00:00:29.760
00:00:29.920 --> 00:00:33.039
00:00:33.119 --> 00:00:34.640
00:00:35.200 --> 00:00:35.759
00:00:35.920 --> 00:00:39.520
00:00:39.759 --> 00:00:41.759
00:01:13.280 --> 00:01:14.480
00:01:14.560 --> 00:01:19.439
00:01:19.519 --> 00:01:31.920
00:01:32.079 --> 00:01:37.439
00:01:37.599 --> 00:01:38.799
00:01:38.879 --> 00:01:46.959
00:01:47.200 --> 00:01:49.200
00:01:49.359 --> 00:01:55.359
00:01:55.599 --> 00:01:56.560
00:01:56.799 --> 00:01:58.159
00:01:58.719 --> 00:02:00.079
00:02:00.239 --> 00:02:01.920
00:02:02.000 --> 00:02:05.840
00:02:06.159 --> 00:02:15.039
00:02:15.199 --> 00:02:17.680
00:02:17.840 --> 00:02:18.960
00:02:19.120 --> 00:02:22.080
00:02:22.560 --> 00:02:23.599
00:02:23.840 --> 00:02:30.639
00:02:30.719 --> 00:02:33.520
00:02:33.759 --> 00:02:38.000
00:02:38.319 --> 00:02:40.240
00:02:41.199 --> 00:02:45.520
00:02:45.759 --> 00:02:47.680
00:02:47.919 --> 00:02:58.400
00:02:59.360 --> 00:03:00.560
00:03:00.800 --> 00:03:06.560
00:03:07.039 --> 00:03:08.319
00:03:09.120 --> 00:03:11.280
00:03:11.599 --> 00:03:18.719
00:03:19.199 --> 00:03:22.560
00:03:23.199 --> 00:03:32.560
00:03:32.639 --> 00:03:35.919
00:03:36.080 --> 00:03:48.719
00:03:49.360 --> 00:03:54.240
00:03:54.560 --> 00:04:03.439
00:04:03.680 --> 00:04:21.040
00:04:21.120 --> 00:04:22.959
00:04:23.199 --> 00:04:31.279
00:04:31.360 --> 00:04:39.920
00:04:40.399 --> 00:04:42.879
00:04:43.120 --> 00:04:44.000
00:04:44.879 --> 00:04:47.120
00:04:47.279 --> 00:04:50.720
00:04:50.959 --> 00:04:53.519
00:04:54.079 --> 00:05:03.439
00:05:03.600 --> 00:05:07.519
00:05:07.759 --> 00:05:08.079
00:05:08.240 --> 00:05:09.279
00:05:09.439 --> 00:05:10.879
00:05:11.040 --> 00:05:13.199
00:05:13.439 --> 00:05:14.639
00:05:14.720 --> 00:05:18.240
00:05:18.480 --> 00:05:20.160
00:05:20.879 --> 00:05:23.120
00:05:23.279 --> 00:05:28.720
00:05:29.040 --> 00:05:32.560
00:05:32.720 --> 00:05:33.920
00:05:34.079 --> 00:05:37.199
00:05:37.759 --> 00:05:40.639
00:05:40.959 --> 00:05:43.439
00:05:43.600 --> 00:05:58.079
00:05:58.560 --> 00:06:03.360
00:06:03.680 --> 00:06:04.879
00:06:04.959 --> 00:06:06.560
00:06:06.879 --> 00:06:08.560
00:06:09.199 --> 00:06:17.600
00:06:17.680 --> 00:06:18.800
00:06:19.040 --> 00:06:22.720
00:06:23.600 --> 00:06:25.519
00:06:25.839 --> 00:06:30.079
00:06:30.399 --> 00:06:42.079
00:06:42.160 --> 00:06:52.720
00:06:53.120 --> 00:06:55.680
00:06:55.759 --> 00:06:58.000
00:06:58.240 --> 00:07:06.240
00:07:06.800 --> 00:07:15.759
00:07:15.839 --> 00:07:17.439
00:07:18.160 --> 00:07:20.800
00:07:21.120 --> 00:07:21.519
00:07:21.759 --> 00:07:28.800
00:07:29.040 --> 00:07:29.439
00:07:30.240 --> 00:07:40.079
00:07:40.240 --> 00:07:47.920
00:07:48.399 --> 00:07:50.079
00:07:50.560 --> 00:07:56.160
00:07:56.480 --> 00:08:00.959
00:08:01.279 --> 00:08:23.439
00:08:23.519 --> 00:08:33.759
00:08:34.480 --> 00:08:35.679
00:08:35.840 --> 00:08:37.120
00:08:37.200 --> 00:08:41.679
00:08:41.759 --> 00:08:44.320
00:08:44.559 --> 00:08:45.120
00:08:45.200 --> 00:08:49.360
00:08:49.440 --> 00:08:50.240
00:08:50.399 --> 00:08:52.879
00:08:53.039 --> 00:08:54.000
00:08:54.240 --> 00:08:56.559
00:08:56.720 --> 00:08:57.039
00:08:57.279 --> 00:09:03.279
00:09:03.360 --> 00:09:04.480
00:09:04.799 --> 00:09:12.879
00:09:13.279 --> 00:09:24.960
00:09:25.039 --> 00:09:27.120
00:09:27.200 --> 00:09:29.759
00:09:30.000 --> 00:09:33.840
00:09:34.000 --> 00:09:35.679
00:09:35.840 --> 00:09:36.159
00:09:36.399 --> 00:09:49.039
00:09:49.200 --> 00:09:59.840
00:10:00.000 --> 00:10:04.639
00:10:05.200 --> 00:10:13.679
00:10:14.399 --> 00:10:23.759
00:10:23.919 --> 00:10:35.679
00:10:35.919 --> 00:10:39.919
00:10:40.000 --> 00:10:44.879
00:10:44.960 --> 00:10:46.639
00:10:46.799 --> 00:10:52.000
00:10:52.159 --> 00:10:54.399
00:10:54.480 --> 00:11:08.559
00:11:09.200 --> 00:11:18.559
00:11:18.639 --> 00:11:21.360
00:11:21.600 --> 00:11:24.080
00:11:24.399 --> 00:11:26.159
00:11:26.320 --> 00:11:33.840
00:11:34.000 --> 00:11:35.440
00:11:35.600 --> 00:11:38.240
00:11:38.559 --> 00:11:40.799
00:11:41.519 --> 00:11:46.320
00:11:46.480 --> 00:11:50.879
00:11:51.039 --> 00:11:52.960
00:11:53.120 --> 00:11:54.080
00:11:54.320 --> 00:11:55.919
00:11:56.159 --> 00:12:01.519
00:12:01.679 --> 00:12:05.519
00:12:05.759 --> 00:12:10.080
00:12:10.240 --> 00:12:24.240
00:12:24.399 --> 00:12:35.600
00:12:35.759 --> 00:12:36.799
00:12:37.039 --> 00:12:48.240
00:12:48.480 --> 00:12:53.360
00:12:53.759 --> 00:12:57.120
00:12:57.200 --> 00:12:59.600
00:12:59.679 --> 00:13:02.879
00:13:03.039 --> 00:13:07.840
00:13:08.080 --> 00:13:10.480
00:13:10.559 --> 00:13:14.639
00:13:15.200 --> 00:13:17.120
00:13:17.360 --> 00:13:18.960
00:13:19.039 --> 00:13:20.720
00:13:20.960 --> 00:13:24.240
00:13:24.639 --> 00:13:29.200
00:13:29.440 --> 00:13:45.279
00:13:45.679 --> 00:13:47.519
00:13:47.919 --> 00:13:59.120
00:13:59.759 --> 00:14:01.120
00:14:01.360 --> 00:14:06.480
00:14:06.879 --> 00:14:08.799
00:14:08.879 --> 00:14:10.720
00:14:10.879 --> 00:14:17.200
00:14:17.440 --> 00:14:20.080
00:14:20.320 --> 00:14:38.720
00:14:38.799 --> 00:14:40.559
00:14:40.799 --> 00:14:53.360
00:14:53.519 --> 00:14:55.120
00:14:55.440 --> 00:15:00.639
00:15:00.879 --> 00:15:11.519
00:15:11.759 --> 00:15:26.559
00:15:26.639 --> 00:15:34.480
00:15:35.039 --> 00:15:39.200
00:15:39.360 --> 00:15:41.200
00:15:41.360 --> 00:15:42.000
00:15:42.159 --> 00:15:43.759
00:15:43.919 --> 00:15:46.159
00:15:46.320 --> 00:15:48.399
00:15:48.559 --> 00:15:54.960
00:15:56.080 --> 00:16:00.000
00:16:00.240 --> 00:16:03.519
00:16:03.919 --> 00:16:04.399
00:16:04.639 --> 00:16:05.440
00:16:05.679 --> 00:16:10.159
00:16:10.639 --> 00:16:18.480
00:16:18.720 --> 00:16:22.480
00:16:22.639 --> 00:16:27.679
00:16:28.080 --> 00:16:33.840
00:16:33.919 --> 00:16:43.440
00:16:43.519 --> 00:16:48.240
00:16:48.960 --> 00:16:51.279
00:16:51.440 --> 00:16:54.080
00:16:54.240 --> 00:17:09.039
00:17:09.200 --> 00:17:16.400
00:17:16.640 --> 00:17:17.519
00:17:17.759 --> 00:17:26.319
00:17:26.559 --> 00:17:33.119
00:17:33.279 --> 00:17:35.200
00:17:35.279 --> 00:17:43.039
00:17:43.279 --> 00:17:46.079
00:17:47.599 --> 00:17:52.960
00:17:53.519 --> 00:17:57.119
00:17:57.599 --> 00:18:05.759
00:18:06.079 --> 00:18:14.720
00:18:15.119 --> 00:18:17.759
00:18:18.079 --> 00:18:23.039
00:18:23.279 --> 00:18:26.960
00:18:27.119 --> 00:18:42.640
00:18:43.200 --> 00:18:52.720
00:18:52.960 --> 00:18:54.000
00:18:54.079 --> 00:18:54.799
00:18:55.200 --> 00:18:55.920
00:18:56.000 --> 00:18:57.359
00:18:57.680 --> 00:18:57.920
00:18:58.160 --> 00:18:58.400
00:18:58.559 --> 00:19:02.160
00:19:02.400 --> 00:19:04.960
00:19:05.039 --> 00:19:06.880
00:19:07.200 --> 00:19:12.480
00:19:12.720 --> 00:19:23.680
00:19:23.839 --> 00:19:32.079
00:19:32.319 --> 00:19:32.559
00:19:32.880 --> 00:19:33.039
00:19:33.359 --> 00:19:34.640
00:19:35.200 --> 00:19:39.920
00:19:40.079 --> 00:19:43.039
00:19:43.440 --> 00:19:48.319
00:19:48.559 --> 00:19:55.440
00:19:56.319 --> 00:20:00.240
00:20:00.400 --> 00:20:06.160