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The Banker's Code: The Most Powerful Wealth-Building Strategies Finally Revealed by [Antone, George]
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The Banker's Code: The Most Powerful Wealth-Building Strategies Finally Revealed Kindle Edition

4.3 out of 5 stars 52 customer reviews

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Length: 190 pages Word Wise: Enabled Enhanced Typesetting: Enabled
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Product Details

  • File Size: 4298 KB
  • Print Length: 190 pages
  • Publisher: WealthClasses Publishing; 1st edition (July 6, 2012)
  • Publication Date: July 6, 2012
  • Sold by: Amazon Digital Services LLC
  • Language: English
  • ASIN: B008IGL96M
  • Text-to-Speech: Enabled
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  • Word Wise: Enabled
  • Lending: Enabled
  • Enhanced Typesetting: Enabled
  • Amazon Best Sellers Rank: #316,442 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

Top Customer Reviews

Format: Kindle Edition Verified Purchase
This book provides a very simple to understand explanation on a different way to think about money. I didn't feel it provided any real practical steps you can take. So while I am excited about having a bankers mindset, I don't have any idea how to really do the steps the books suggests. The steps still need more detail and explanation.
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The Banker's Code is a silly collection of nonsense.

Let's start with a incorrect claim made repeatedly in the book, the average American spends 35% of their income on interest. That's not just wrong, it is wildly wrong. According to the Bureau of Economic Analysis ([...]) in Q3 2012 personal income in the US was $13.5 trillion. Personal non-mortgage interest paid was $176 billion or 2% of household income. The average mortgage interest payments as a percentage of household income are under 10% on average. Total interest payments are well under 15% NOT the 35% claimed in the book.

The book has other monetary nonsense, such as claiming that bankers create money when they charge interest. That's the sort of stuff you see on nutty websites and has no place in any serious book.

In one section the book gives an example of a banker writing a 6 month loan that might make the bank $8,000 to an investor who stands to make $80,000 but proceeds to claim that the bank is making more money than the investor. Other illogical statements pepper this book.

But The Banker's Code isn't a serious book, it is a book designed to sell you whole life insurance, get you to sign up for seminars and doesn't provide either a sensible way to get out of debt or a to become a banker if you have no money to lend.

If you are in debt and need some basic methods to get out of debt, see Dave Ramsey. If you already have money and are looking for the best way to make money off your capital this book is the wrong one to be reading.

Bankers get rich because they get people to lend them money at 1% and loan it out at 6%. That's the secret to banking in a single sentence and will save you from wasting several hours on this book.
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The teaching/lessons seem realistic and if they are it's unlike anything I've ever heard/read about. When discussing this with several people, the immediate response is skepticism. It seems it will be a lonely road, at least initially, until I find a mentor to guide me through the process of following the advice in this book.
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This is one of the best books anyone could purchase. It had a lot of great information on challenging the way we think as consumers, and producers, vs. how the banking world thinks. This is not one of those get rich quick books, or even a how to book, it just shows you how to look at things in a different perspective, and how to leave a legacy for your family. I used to be a life insurance agent, and most of what is mentioned is very true, but we often miss the mark because we would rather have things that are not all that important. This was truly an awesome book to read.
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Very Good Book. The book exposes and explains the best business model (Banking) working along all of us, but most of us are not trained to see and realize it.

I am thankful to GEORGE ANTONE for writing such a nice book.
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The book very thoroughly describes the details of the banking process and how an individual can use the same techniques to accumulate wealth. The key is making & following solid conservative lending policies to reduce risk and insure a positive return.
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Format: Kindle Edition
This book, while not the most eloquent, is clear and forthright about how banks operate and make money. The advice may or may not be useful, but the explanation of our banking system and the parallel with individuals makes it worth the quick read.
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I really enjoyed the read. I must and will read again, cause I'm not sure when to apply the material until my Real Estate venture is fully underway. I just started the Wealthy Code, so I will read this again right after. They appear to compliment each other and this book appears to be the second in the series. I think they are a great compliment to Rich Dad Poor a Dad by Robert Kiyosaki.
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