The Favour Bank is possibly the most powerful banking institution in the world. It is likely that everybody have heard of this banking concept, but not everyone fully understands its great influence, and how far one can go knowing how to use it. Several writers and even politicians have mentioned it (Paulo Coelho in some of his works among them). It is based on the mutual aid of the people, on the favours and assistance we can provide to one another. It is not like that movie from some years ago “Pay it Forward”, although it’s a similar system that we all should be part of.
How does it work?
The Favour Bank works in a very simple way, but at the same time it requires a great deal of integrity and honesty, in order to grow and maintain our personal account. Let’s imagine that, for no particular reason, people start doing small favours to you. They introduce you to contacts, they help you with your stuff, they solve your problems, etc. This people is starting to make small deposits in your account, not in money of course, but in kind as all sorts of favours and, what’s more important, without expecting anything in return. Ever.
Nevertheless, one fine day someone needs your help and asks you one favour in return. Obviously, you can refuse and carry on with your life thinking that you really deserved all those favours they made for you before, because that’s the way it works, taking advantage of others, etc. But deep inside you know that you are in debt with that person. If you return the favour, s/he will continue helping you, and other people will notice you are an honest and trustworthy person on whose account they can continue making deposits without a worry.
A risky investment
The Favour Bank is a risky investment, like any other investment. If you decline to return a favour they did for you, people will simply go to another person with an account in the bank, and going forward, they will stop making deposits in your account, and everyone will notice, bit by bit, that you’re not someone worth of credit. Failing to return favours will only get you as far as many deposits you’ve made in someone else’s account, and this may be short of where you could be, should you had maintained the account in good standing, by accepting deposits and making refunds all the time.
Like everything else, the Favour Bank depends on the people, and when someone opens an account and knows how to manage it, its profitability is one of the highest in the market. Have you opened your own account in the Favour Bank yet?