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Banks Are Vulnerable, Fintechs Are Worse: Protect Yourself NOW!

Imagine waking up one day, logging into your bank account, and seeing a balance of zero. No warning, no safety net—just gone. This is the harsh reality many are facing today. Banks are under pressure like never before, and fintech startups? They often lack the safeguards to protect your savings. In this video, I’ll break down: • Why traditional banks aren’t as safe as they seem. • The hidden dangers of fintech startups like Synapse and Yotta. • Real-life stories of people losing their savings overnight. • Practical steps you can take right now to safeguard your money and avoid falling into these traps. Hi, I’m Noel Lorenzana, a CPA dedicated to helping you protect your wealth and stay informed about financial risks. Don’t let flashy promises and high returns blind you to the risks. I’ll share actionable advice to help you navigate these challenges and secure your financial future. Watch till the end for tips on wealth preservation and protecting your savings. Stay tuned! 💜 Enjoy My Work? Support Me on Patreon!   / noellorenzana   💡 NEW: Grab My Tax Deductions Cheatsheet and Maximize Your Tax Savings! https://www.noellorenzanacpa.com/tax-... 📘 Free Ebook 10 Tips to Simplify Your Taxes: https://www.noellorenzanacpa.com/10-t... 💜 Show Your Support: Fuel Our Channel with a Cup of Coffee! ☕️ https://www.buymeacoffee.com/NoelLore... 📖 Transform Your Accounting - Learn Modernization Concepts in My Book Today! http://modernizedaccounting.com 👪 Join My Free Facebook Group and Connect with CPAs and Tax Pros!   / 951368119040370   Hey there, welcome to my channel! I'm Noel Lorenzana, a Registered CPA in Illinois. My goal is to help you pay only what you legally owe in taxes, and take the fear out of dealing with taxes and the IRS. Just a heads up—watching this video doesn't make me your personal accountant. No client relationship is formed here. Enjoy the video! On, this channel, I simplify taxes for your business and offer tax tips for you! Let me know if there is anything you would like me to discuss. Feel free to connect with me on Social Media. ★CONNECT WITH ME ON SOCIAL MEDIA ★ Website: https://noellorenzanacpa.com/ Facebook:   / noelblorenzana   LinkedIn:   / noellorenzanacpa   🎥 RECOMMENDED VIDEOS 🎥    • BRICS are Plotting to Overthrow the U...      • Is Bitcoin the Most Insane Financial ...      • How to Profit From Your Investment Lo...   Thanks for watching my video on, Banks Are Vulnerable, Fintechs Are Worse: Protect Yourself NOW! Disclaimer: This video, and the ideas presented in it, are for entertainment, and informational purposes only and should not be construed as accounting, tax, or legal advice. It is your responsibility to take all necessary steps to independently verify and ascertain that any information you choose to rely on from or take action based on this video is accurate. ⏱️VIDEO CHAPTERS⏱️ 00:00 - Introduction: Banks Are Vulnerable, Fintechs Are Worse 01:05 - Why Am I Saying Banks Are Shaky? 01:51 - Real Risk & Red Flags: Fintech Companies 03:13 - Red Flag No.1 Unproven Track Record 03:50 - Red Flag No.2 Unsustainable High Yields 04:29 - Red Flag No.3 Lack of Transparency 05:02 - Red Flag No.4 Over-the-Top Promises or Gimmicks 05:32 - The Synapse-Yotta Tragedy: When Trust Backfires 08:02 - How to Protect Yourself and Preserve Your Wealth 08:21 - Step No.1 Stick with Proven Institutions 08:54 - Step No.2 Verify FDIC Insurance 09:43 - Step No.3 Diversify Where You Store Your Money 10:02 - Step No.4 Focus on Wealth Preservation, Not High Returns 10:34 - Step No.5 Do Your Homework 10:58 - Conclusion: Protecting Your Savings & Future Replay Video Link:    • Banks Are Vulnerable, Fintechs Are Wo...   #yotta #synapse #evolvebank