millennials"A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain." -Robert Frost

Banks like to present themselves as purveyors of the American Dream, institutions dedicated to helping you purchase a home, buy a car and care for your family.

Then they'll leave you drowning in debt.

Yes, banks are selling the "American Dream" (with "selling" being the operative word).

For the right price and under the right circumstances, banks will sell you money; loans are easy to get as long as you can pay them back and intend to use them for bank-approved purchases.

But you really can't trust banks to look out for you.

That's something the great poet Robert Frost had figured out decades ago, and now new generations are coming to the same conclusion.

As PayPal co-founder Max Levchin told the FOX Business Network, there is a growing distrust of banks among many Americans right now – especially millennials.

"They have reasons not to trust," he said. "If you look at something like a deferred interest product where it's truly too good to be true and you get caught off guard and suddenly you owe almost twice as much as you thought you would, you find yourself going 'Wait a second, I thought I was getting a great deal and now I'm in debt and I might be in debt forever."

He's right, according to the latest Gallup poll on the matter. The good news is you don't have to tolerate abusive banking practices. As Levchin has said: You have options.

Many Americans agree, and many are exploring infinite banking along with other options.

Here are three reasons why:

1. Banks Make You Pay to Use Your Own Money

Ever paid $2.50 to make a withdrawal from a cash machine? Leaves you incredulous, doesn't it – having to pay to get access to your own money.

But that's what banks do – over and over and over again – in order to get rich.

They do it at ATMs and they do it when they lend you money. It's not their money they're charging you interest on; it's your money.

At least with infinite banking, which allows you to access the cash value of your whole life insurance policy, you don't have to pay for it. In fact, you are still earning interest and dividends on the money you "loan" from yourself while you're using it.

2. Banks Barely Pay to Use Your Money

Want to know what the going interest rate is for savings accounts? It's currently about 1.2 percent. That's right, a measly $1.20 is what you can expect to earn annually for every $100 of your hard-earned money you let them control.

It's a pittance (and that's at the high end of the spectrum).

Want to know what type of return you can get on the money you pay into your whole life insurance policy? It's typically somewhere around 8 percent.

If that's not reason enough to explore infinite banking, what is?

3. Banks Don't Look Out for You

If you think banks have your best interest at heart, think again.

You don't have to look any further than what happened at Wells Fargo or Canada's TD Bank to see that all banks really care about is the bottom line.

Buy Your Own Umbrella

Don't wait for it to rain to see your bank for what it is. Start looking for alternatives today – like infinite banking or other options.

Want to know more? Connect with us today and buy your umbrella.

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