It applies to and I'll do it in the next video but let's say I had one big expense in terms of I had to pay a bunch of fees to the bank, but the benefit of those fees are going to be over time.

So for example you could go to the bank and say look I lost my job we're having trouble paying for this house now after paying real estate commissions and all the rest

So I go to the insurance agent and the insurance agent says

Number of periods

look if you pay a premium if you pay a premium every year of five hundred dollars of the .... the word premium litterally just means the amount that you would pay every year

And then year 10, I pay the 100,000 plus I pay back the 1 million.

So what they do is out of this 10 , they pay them some of the basis points.

Choice 3, I am going to pay you I'm making this up on the fly as I go I'm going to pay you 20 today.

It's overtime, over the terms party, that you will probably save more money and get more interest doing this

Nobody was processing the credit cards.

So actually, let me do that.

It always used to be metered and proportional to the service.

So they get it off their hands.

Coupons per year

I will pay for it by check.

Pay your fare here.

Go pay more at other daycare if you don't like Navy TV.

I probably wouldn't have noticed if you hadn't pointed it out.

So Pete will manage this and he will still take a management fee

And you say, this group of the CDOs, they'll get the first payments. or if any payments that go, immediately go to this very senior tranche, right?

I'd like to pay by check.

I want to pay with a check.

The two of you need to get up so I can drive on.

Well, let's say you want to compound let's say you want to pay every day.

Fee?

Will you honor this check?

I'd like to pay the check, please.

I'll pay with travelers' checks.

Number of payments per year

Being always a little bit more less financially savvy than the term life is that... this is going to this as long as you continue to pay this premium this is guarantee, cause you will die one day unless you know something the rest of us don't know.

Let me do that in red.

You're left with 500,000 of pre tax income.

Let's say you have some debt that you took from a company, and the debt is going to last for 10 years, and you had to pay a one time lump sum to the bank.

In the whole live

And so because it's not actively managed, the argument would be that they don't do as much as managing fees.

That will now compound over the next month.

I'd be happy to compensate you for your services.

Signing cheques for other people, concealed payments. Paper.

Is there a handling charge?

I'm gonna go left, you're gonna go right, you understand me?

So they will have lower fees.

So that is equal to 230,000 per job, which is claimed to be saved.

Look,I only have 100 dollars, I have this customer, I'm doing thec atering for him this month.

Every year you pay 7 but on I guess a monthly basis, you'll pay roughly 1 12.

So on day zero, you have a 200,000 loan.