How I make passive income thinking like a bank
A little background on Earning the Float
Float, in a traditional sense, is basically banks double counting deposits for a short period of time while a transaction clears.
Think of it as you write a check to me for $1,000,000. (That was sure kind of you. Thank you very much!)
I immediately deposit the check in my bank and walk out feeling like a million bucks, literally.
Well, for a short period of time, your bank account shows your one million, and mine, also shows that same one million. During that time each bank tries to earn interest on that deposit. They’re both floating cash they likely don’t actually have at one point or another, and trying to earn interest on the float.…