Now that you understand the basics of how money works, it’s time to dive deeper into applying these strategies to your own life. Banks and financial institutions use various methods to grow their wealth, including lending, investing, and utilizing financial products to earn compounded interest.

One powerful strategy you can use is borrowing against the cash value of certain financial products to make investments—just like banks do with their assets. This allows you to grow your wealth while ensuring your money is working for you, not the other way around.