--- title: "Meaning & Key Takeaway of: I never keep my money in just one bank…" description: "\"“I never keep my money in just one bank. They can disappear overnight and it can be a long time before you may get your money back.”\" — Steven Magee" image: "https://sms4smile.com/quotes/i/43f/steven-magee-129_back_i-never-keep-my-money-in-just-one-bank-t_2308243.jpg" --- # I never keep my money in just one bank. They can disappear… ![“I never keep my money in just one bank. They can disappear overnight and it can be a long time before you may get your money back.” quote by Steven Magee](https://sms4smile.com/quotes/i/43f/steven-magee-129_back_i-never-keep-my-money-in-just-one-bank-t_2308243.jpg) [Download](https://sms4smile.com/quotes/i/43f/steven-magee-129_back_i-never-keep-my-money-in-just-one-bank-t_2308243.jpg) [Open image](https://sms4smile.com/quotes/i/43f/steven-magee-129_back_i-never-keep-my-money-in-just-one-bank-t_2308243.jpg) > ““I never keep my money in just one bank. They can disappear overnight and it can be a long time before you may get your money back.”” [Steven Magee](https://sms4smile.com/quotes/author/steven-magee/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Diversifying financial holdings protects against sudden loss and delayed recovery. **In simple terms:** Don’t keep all money in one place. Key Takeaway Spread assets across multiple institutions. Themes finance risk management diversification Mood cautious practical Type advisory educational When to use this quote - investing - retirement planning - emergency funds Key Concepts economics personal finance Questions to Reflect On - What other risks should you consider? - How many institutions are optimal for safety? A Different Perspective The advice may overlook other risks like fees or market volatility. ★ ★ ★ ★ ★ No ratings yet [Banking](https://sms4smile.com/quotes/about/banking/) [Banks](https://sms4smile.com/quotes/about/banks/) [Money](https://sms4smile.com/quotes/about/money/) [Time](https://sms4smile.com/quotes/about/time/) ## Related quotes > [I do wish that the IMF and the World Bank would disappear soon.](https://sms4smile.com/quotes/hugo-chavez/i-do-wish-that-the-imf-and-the-world-bank-would-disappear-soon/) [Hugo Chavez](https://sms4smile.com/quotes/author/hugo-chavez/) > [Manhattan is just all bank branches.](https://sms4smile.com/quotes/jonathan-franzen/manhattan-is-just-all-bank-branches/) [Jonathan Franzen](https://sms4smile.com/quotes/author/jonathan-franzen/) > [Once I thought that if I just had enough in the bank, if I had enough fame, that it would be all right. But…](https://sms4smile.com/quotes/chris-farley/once-i-thought-that-if-i-just-had-enough-in-the-bank-if-i-had-enough/) [Chris Farley](https://sms4smile.com/quotes/author/chris-farley/) > [I want to be an artist that grows slowly. If you appear overnight, there's a chance that you will also just disappear overnight.](https://sms4smile.com/quotes/mabel/i-want-to-be-an-artist-that-grows-slowly-if-you-appear-overnight/) [Mabel](https://sms4smile.com/quotes/author/mabel/) > [Whatever enjoyment I might have had at the time would disappear overnight like snow melting on a warm roof.](https://sms4smile.com/quotes/s-j-watson/whatever-enjoyment-i-might-have-had-at-the-time-would-disappear/) [S.J. Watson](https://sms4smile.com/quotes/author/s-j-watson/) > [“Put toothpaste on a pimple and it will disappear overnight. 374”](https://sms4smile.com/quotes/keith-bradford/put-toothpaste-on-a-pimple-and-it-will-disappear-overnight-374/) [Keith Bradford](https://sms4smile.com/quotes/author/keith-bradford/) > [Time is not money. Time is worth way more than money.](https://sms4smile.com/quotes/rory-vaden/time-is-not-money-time-is-worth-way-more-than-money/) [Rory Vaden](https://sms4smile.com/quotes/author/rory-vaden/) > [They say time is money, well, we'll just spend it together.](https://sms4smile.com/quotes/anonymous/they-say-time-is-money-well-we-ll-just-spend-it-together/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [“Promise is more worthy than Time and Money.”](https://sms4smile.com/quotes/vijay-dhameliya/promise-is-more-worthy-than-time-and-money/) [Vijay Dhameliya](https://sms4smile.com/quotes/author/vijay-dhameliya/) > [Time is money, Earn it for good.](https://sms4smile.com/quotes/sonam-arora-luthra/time-is-money-earn-it-for-good/) [Sonam Arora Luthra](https://sms4smile.com/quotes/author/sonam-arora-luthra/) > [“I sell my time to get enough money to buy it back.”](https://sms4smile.com/quotes/james-richardson/i-sell-my-time-to-get-enough-money-to-buy-it-back/) [James Richardson](https://sms4smile.com/quotes/author/james-richardson/) > [Remember, that time is money.](https://sms4smile.com/quotes/benjamin-franklin/remember-that-time-is-money/) [Benjamin Franklin](https://sms4smile.com/quotes/author/benjamin-franklin/) > [Someone said you'll never be anything, you never be successful in life, ur not pretty, no ones likes you…but the whole time I learned…](https://sms4smile.com/quotes/anonymous/someone-said-you-ll-never-be-anything-you-never-be-successful-in-life/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [“As the saying goes: time is money- so give me some money to think.”](https://sms4smile.com/quotes/raymond-queneau/as-the-saying-goes-time-is-money-so-give-me-some-money-to-think/) [Raymond Queneau](https://sms4smile.com/quotes/author/raymond-queneau/) > [I said my time is money and, baby, money is time Baby, I've got money, I wanna make you mine.](https://sms4smile.com/quotes/gorilla-zoe/i-said-my-time-is-money-and-baby-money-is-time-baby-i-ve-got-money-i/) [Gorilla Zoe](https://sms4smile.com/quotes/author/gorilla-zoe/) ## More by Steven Magee > [“The global population of Earth are involved in the following corporate government experiments: The long term effects of - 1. Nuclear bomb fallout radiation.…](https://sms4smile.com/quotes/steven-magee/the-global-population-of-earth-are-involved-in-the-following/) [Steven Magee](https://sms4smile.com/quotes/author/steven-magee/) > [“The police ultimately pay the price for poor customer service when citizens become fearful of them.”](https://sms4smile.com/quotes/steven-magee/the-police-ultimately-pay-the-price-for-poor-customer-service-when/) [Steven Magee](https://sms4smile.com/quotes/author/steven-magee/) > [“It is unnatural to fear something natural.”](https://sms4smile.com/quotes/steven-magee/it-is-unnatural-to-fear-something-natural/) [Steven Magee](https://sms4smile.com/quotes/author/steven-magee/) > [“The world is witnessing one of the greatest frauds the Florida government has ever engaged in.”](https://sms4smile.com/quotes/steven-magee/the-world-is-witnessing-one-of-the-greatest-frauds-the-florida/) [Steven Magee](https://sms4smile.com/quotes/author/steven-magee/) > [“Occupational Safety & Health Administration (OSHA) is largely an interrogation agency for whistle-blowers that extracts their full range of knowledge without upholding their legal rights.”](https://sms4smile.com/quotes/steven-magee/occupational-safety-health-administration-osha-is-largely-an/) [Steven Magee](https://sms4smile.com/quotes/author/steven-magee/) > [“The medical profession is a money making con, they will keep you sick on a variety of expensive prescriptions and on a yo-yo into…](https://sms4smile.com/quotes/steven-magee/the-medical-profession-is-a-money-making-con-they-will-keep-you-sick/) [Steven Magee](https://sms4smile.com/quotes/author/steven-magee/) > [“There is a time and place for electromagnetic shielding and I regard it as a last resort due to the long term biological problems…](https://sms4smile.com/quotes/steven-magee/there-is-a-time-and-place-for-electromagnetic-shielding-and-i-regard/) [Steven Magee](https://sms4smile.com/quotes/author/steven-magee/) > [“To riot or not to riot, that is the question.”](https://sms4smile.com/quotes/steven-magee/to-riot-or-not-to-riot-that-is-the-question/) [Steven Magee](https://sms4smile.com/quotes/author/steven-magee/) > [“Publicly telling the truth on social media can be one of the most effective healing journeys.”](https://sms4smile.com/quotes/steven-magee/publicly-telling-the-truth-on-social-media-can-be-one-of-the-most/) [Steven Magee](https://sms4smile.com/quotes/author/steven-magee/) > [“The W. M. Keck Observatory is the only employer that has surprised me during my employment with urine tests for illegal drugs.”](https://sms4smile.com/quotes/steven-magee/the-w-m-keck-observatory-is-the-only-employer-that-has-surprised-me/) [Steven Magee](https://sms4smile.com/quotes/author/steven-magee/) > [“I will do everything I legally can to shut down the toxic Thirty Meter Telescope (TMT) project atop Mauna Kea.”](https://sms4smile.com/quotes/steven-magee/i-will-do-everything-i-legally-can-to-shut-down-the-toxic-thirty/) [Steven Magee](https://sms4smile.com/quotes/author/steven-magee/) > [“The difference between President Trump and Steven Magee? Steven Magee publicly acknowledges his mental illnesses.”](https://sms4smile.com/quotes/steven-magee/the-difference-between-president-trump-and-steven-magee-steven-magee/) [Steven Magee](https://sms4smile.com/quotes/author/steven-magee/) > [“There were a lot of stressed out people in the company as we were discovering how dangerous the DeSoto Solar Farm was!”](https://sms4smile.com/quotes/steven-magee/there-were-a-lot-of-stressed-out-people-in-the-company-as-we-were/) [Steven Magee](https://sms4smile.com/quotes/author/steven-magee/) > [“Interacting with a corrupt government judge is futile.”](https://sms4smile.com/quotes/steven-magee/interacting-with-a-corrupt-government-judge-is-futile/) [Steven Magee](https://sms4smile.com/quotes/author/steven-magee/) > [“I knew I was disabled when everyday home activities became overwhelming!”](https://sms4smile.com/quotes/steven-magee/i-knew-i-was-disabled-when-everyday-home-activities-became/) [Steven Magee](https://sms4smile.com/quotes/author/steven-magee/) [Explore all 1,204 Steven Magee quotes ](https://sms4smile.com/quotes/author/steven-magee/) ## More Back quotes > [I always watch my matches back 100 times afterwards because that's how I improve. This is something I've always done, even in NXT.](https://sms4smile.com/quotes/mandy-rose/i-always-watch-my-matches-back-100-times-afterwards-because-that-s/) [Mandy Rose](https://sms4smile.com/quotes/author/mandy-rose/) > [I honestly would like to get that Frankie fight back.](https://sms4smile.com/quotes/chad-mendes/i-honestly-would-like-to-get-that-frankie-fight-back/) [Chad Mendes](https://sms4smile.com/quotes/author/chad-mendes/) > [Drumming's pretty physical. We sit at the back of the stage getting beat up like a workhorse.](https://sms4smile.com/quotes/tommy-lee/drumming-s-pretty-physical-we-sit-at-the-back-of-the-stage-getting/) [Tommy Lee](https://sms4smile.com/quotes/author/tommy-lee/) > [I never want to look back on any moment and say I could have done more. So I go all in.](https://sms4smile.com/quotes/scott-haze/i-never-want-to-look-back-on-any-moment-and-say-i-could-have-done/) [Scott Haze](https://sms4smile.com/quotes/author/scott-haze/) > [I wish that I had known back then that a mastery of process would lead to a product. Then I probably wouldn't have found…](https://sms4smile.com/quotes/elizabeth-george/i-wish-that-i-had-known-back-then-that-a-mastery-of-process-would/) [Elizabeth George](https://sms4smile.com/quotes/author/elizabeth-george/) > [It's what the people wanted at the time, but the country could not be half-segregated and half-integrated, just as it could not be half-slave…](https://sms4smile.com/quotes/george-wallace/it-s-what-the-people-wanted-at-the-time-but-the-country-could-not-be/) [George Wallace](https://sms4smile.com/quotes/author/george-wallace/) > [I've always stuck my arms behind my back anyway when trying to block a shot in the penalty area.](https://sms4smile.com/quotes/millie-bright/i-ve-always-stuck-my-arms-behind-my-back-anyway-when-trying-to-block/) [Millie Bright](https://sms4smile.com/quotes/author/millie-bright/) > [I'm sure at some point I will get back into coaching, but right now I need to focus completely on my kids.](https://sms4smile.com/quotes/patrick-ewing/i-m-sure-at-some-point-i-will-get-back-into-coaching-but-right-now-i/) [Patrick Ewing](https://sms4smile.com/quotes/author/patrick-ewing/) > [Any time someone achieves success before they've earned it, it always comes back to haunt them.](https://sms4smile.com/quotes/ron-white/any-time-someone-achieves-success-before-they-ve-earned-it-it-always/) [Ron White](https://sms4smile.com/quotes/author/ron-white/) > [In Congress, Florida Republicans worked with the Trump administration to secure funding for coastal restoration projects following the devastating impacts of Hurricanes Irma and…](https://sms4smile.com/quotes/michael-waltz/in-congress-florida-republicans-worked-with-the-trump-administration/) [Michael Waltz](https://sms4smile.com/quotes/author/michael-waltz/) > [Back in the really olden days, dinner was seldom a ceremonial event for U.S. families. Only the very wealthy had a separate dining room.…](https://sms4smile.com/quotes/nancy-gibbs/back-in-the-really-olden-days-dinner-was-seldom-a-ceremonial-event/) [Nancy Gibbs](https://sms4smile.com/quotes/author/nancy-gibbs/) > [We're all painfully aware of how suddenly violence can occur, how crippling it is, and how survivors have to find a way back from…](https://sms4smile.com/quotes/paul-dini/we-re-all-painfully-aware-of-how-suddenly-violence-can-occur-how/) [Paul Dini](https://sms4smile.com/quotes/author/paul-dini/) > [Ronaldo is just an athlete. He works so hard and back to back; he is always there. But if you work hard, can you…](https://sms4smile.com/quotes/edgar-davids/ronaldo-is-just-an-athlete-he-works-so-hard-and-back-to-back-he-is/) [Edgar Davids](https://sms4smile.com/quotes/author/edgar-davids/) > [I do spend a lot of weekends on the road. I have to pace myself. It can be pretty busy, but I'm not out…](https://sms4smile.com/quotes/gary-sinise/i-do-spend-a-lot-of-weekends-on-the-road-i-have-to-pace-myself-it-can/) [Gary Sinise](https://sms4smile.com/quotes/author/gary-sinise/) > [British Forces should be in a position to give back in a ten fold measure any attack that the Germans may attempt.](https://sms4smile.com/quotes/frederick-banting/british-forces-should-be-in-a-position-to-give-back-in-a-ten-fold/) [Frederick Banting](https://sms4smile.com/quotes/author/frederick-banting/) Browse all 9,709 Back quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "“I never keep my money in just one bank. They can disappear overnight and it can be a long time before you may get your money back.”", "creator": { "@type": "Person", "name": "Steven Magee" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/steven-magee/i-never-keep-my-money-in-just-one-bank-they-can-disappear-overnight/", "about": { "@type": "Thing", "name": "Back" }, "@id": "https://sms4smile.com/quotes/steven-magee/i-never-keep-my-money-in-just-one-bank-they-can-disappear-overnight/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/43f/steven-magee-129_back_i-never-keep-my-money-in-just-one-bank-t_2308243.jpg", "contentUrl": "https://sms4smile.com/quotes/i/43f/steven-magee-129_back_i-never-keep-my-money-in-just-one-bank-t_2308243.jpg", "url": "https://sms4smile.com/quotes/i/43f/steven-magee-129_back_i-never-keep-my-money-in-just-one-bank-t_2308243.jpg", "width": 1080, "height": 1080, "caption": "“I never keep my money in just one bank. They can disappear overnight and it can be a long time before you…” — Steven Magee", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Steven Magee", "item": "https://sms4smile.com/quotes/author/steven-magee/" }, { "@type": "ListItem", "position": 4, "name": "“I never keep my money in...", "item": "https://sms4smile.com/quotes/steven-magee/i-never-keep-my-money-in-just-one-bank-they-can-disappear-overnight/" } ], "@id": "https://sms4smile.com/quotes/steven-magee/i-never-keep-my-money-in-just-one-bank-they-can-disappear-overnight/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```