Thanks to Jake D. for sharing his personal experience with the banking concept.
As a college student, creating a financial plan for the future was definitely not on the top of my priority list. I knew I needed money and that I wanted to accumulate it throughout my life, but I figured that process started when I was older; with a full- time job and a family of my own. I realize now, and regret not understanding earlier, that this way of thinking prohibits young people from very beneficial financial options. I learned that becoming your own bank is one of the many options for young adults to build financial security.