I'll just write A period, so I don't have to write the whole thing.

But it's a source of cash because we don't have to use our own cash.

So let me show you that right over here...

So over here you had another liability.

So the beginning of month 2, which is the end of month 1,

Increasing the Accounts Payable is allowing us to not use all of our cash

And the only liability that Ben's shoe company had was this 5,000 in accounts payable...

Interest on loans is high at present.

And as a result of the association,

Or I could buy this house for 1 million.

Accounts Payable is a liability

To get some future benefit.

or have to be at least 10 of that.

You've increased this liability that you owe things to other people.

I'm only going to pay you 100 now and I'm going to give you 100 later

Our profit in the first period is 30,000.

I bought a watch with cash.

I paid for the purchase in cash.

Total strangers gave us 490.

This is actually not a bad situation for me.

Now, now.

So let me erase that and then let's add a line right over here so we can say Accounts Payable increase and now this is a source of cash.

Those are things that are either cash or that can be turned into cash within the next year.

To compound the amount of money we invest we multiply the amount we invest times 1 plus the yield.

I just bought another sweater. Now I have 21!

So they're going to buy a pizzeria with the ovens inside of them.

We know from our example that we used that 60,000 to buy a 60,000 truck.

The former hedge fund analyst had recently quit his job to do something that at the time, sounded a bit strange.

How much product do you have on hand?

And it would be easy to implement and inexpensive.

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Leave your money on the table.

I could have borrowed money in some other way, but I won't worry about that right now.

Accounts Payable

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Don't buy things on credit.

The guy who bought it, paid cash and gave the name, Damballah.

Anyway, I won't go into that right now.

What will it take to shift away from the current money system?

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