(Applause)

I also want 100 of that.

And of course the difference is the money that he had to spend on tax.

If our earnings are 350,000.

No more than I already gave you.

It just so happens we got your money, man, plus interest.

And we are operating with a comprehensive urban planning deficit.

There isn't a problem with global warming any longer, so we can you know, they're funding.

Accrued interest will be paid into your account.

(chuckles) meaning same promotion, but here in d.C.?

He paid the loan with interest.

So it's pretty clear that if you were raising around to capital, going to friends and family or crowdfunding like Kickstarter or angel capital or venture capital or corporate partners, all kind of make sense for financing.

That's why we say it compounds.

Let's say they have no interest expense.

His project was funded by grants.

A bank lends us money at interest.

But for operating capital that is money you need when your company is an ongoing concern in generating revenue well, lease lines make sense, factoring, vendor financing.

So just as a review, let's say I'm running some type of a bank and I tell you that I am offering 10 interest that compounds annually.

Interest. Weekly.

I'm going after my son.

The service is (Applause) fully self sustainable from its own revenues, without accessing any public funds, and the cross subsidy model actually works, where the rich pays higher, poor pays lower, and the accident victim is getting the service free of charge.

It takes 30 years to chip away at the whole thing.

During normal times in the economy, the Fed tries to control the amount of economic activity that's occuring by targeting the federal funds rate the fed funds rate.

So, for an extra 20 ...

This is actually the power of compounding interest.

The borrowers use the newly created loan money to grow their businesses, and pay back the debt, with an interest payment which requires more growth.

A bank says, OK, sure, I'll give you a 500,000 home equity loan, and in exchange, get 8 interest on that loan.

So 5 on 100,000 is 5,000 per year in interest.

If she had not advised her son, he would not have succeeded.

Um, I wanted to find out more about the 40,000 I get for signing up.

That's 100 , right?

My mortgage actually might be something like 4,000 a month.

The majority going to something we call the Legacy Fund.

So this was extremely embarrassing.

And what I've found is, rather than investing their money in food subsidies and other things, they invested in a school feeding program.

Number of payments per year

Well I'm paying 750,000 times 6 a year.

This debt was not paid off with the interest until 1947.

We all have heard of it.

The grant. The Berger Grant.

Our latest endeavor, with a grant from the Department of Corrections at Washington state, they've asked us to expand this program to three more prisons.

We borrowed money at high interest.

I want to help your son.

Oh, my rate right.

I'll have to take a 750,000 mortgage.