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

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.

Nobody was processing the credit cards.

So actually, let me do that.

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

Pay your fare here.

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

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 the check, please.

I'll pay with travelers' checks.

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

That will now compound over the next month.

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

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

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 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.

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

If your rent comes in past the fifth, a late charge will be added.

I'm sorry, you have to pay for the extra weight.

I'd like to pay with my credit card instead.

So it's a little bit more complicated than just saying, oh, look at that, they're giving a 6 coupon, which essentially means twice a year they're going to give me 3 of the value of my bond.

Because after you've paid your final payment, you're done paying off the house.

But just answer your question, in the event of your death your family does not see the savings portion, they only get this payout right over here.

So we've collectively borrowed 1 billion from the bank.

Ken Olsen famously said, nobody needs a computer in the home.

So in month one, you cater an event where the cost to you was 100

The Joneses pay their servant by the week.

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.

The court decreed that the charge be paid.

I'd like to pay in cash.

I'd like to pay in cash.

But, Way? We pay every resident a 1000 ,

But in multi sided markets there might be users, but they're also might be very separate people who are payers.

Can I pay by credit card?

Can I pay with a credit card?

That will compound for one month.

So to live in this house, how much am I paying just in interest?