DiscoverBank on Your Neighbor: The Audiobook PodcastBank on Your Neighbor: The Audiobook - Chapter 6
Bank on Your Neighbor: The Audiobook - Chapter 6

Bank on Your Neighbor: The Audiobook - Chapter 6

Update: 2025-08-18
Share

Description

Is your money really safe in the bank? In this chapter, Mel pulls back the curtain on one of the most dangerous financial myths we’ve all been taught: that parking your cash in a savings account is the smart, “safe” choice. Spoiler alert—it’s not.

From inflation that eats away at your dollars like ice cream in the sun, to banks profiting off your deposits while giving you crumbs, Mel shows why leaving your money in the bank isn’t protecting it—it’s shrinking it. You’ll learn how inflation actually works, why 2023 was the worst year for bank failures since 2008, and how to reclaim your financial power by putting your money in motion.

This episode dives into appreciation vs. depreciation, sweat equity in real estate, tax strategies like depreciation and cost segregation, and the importance of cash reserves. Mel makes the case that real safety doesn’t come from hoarding—it comes from moving your money with intention to build freedom, purpose, and community wealth.

🔗 Get the book bonuses at https://www.meldorman.com/resources

📖 Purchase the book at https://a.co/d/4HAQZiN

  • Learn more at https://meldorman.com
  • Stay connected when you subscribe for updates at https://melissa-dorman.kit.com/subscribe
  • You can also follow Mel on your favorite social platforms:
Comments 
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

Bank on Your Neighbor: The Audiobook - Chapter 6

Bank on Your Neighbor: The Audiobook - Chapter 6

Melissa Dorman