Chris Naugle

We put an operating system, which is software behind it, so they don't have to do all that work.

It just is done for them.

And they're like, this is the same thing I was doing before.

Not a penny more is being saved or spent, but you're controlling it all because you changed the rules.

So essentially- That's correct, he was just doing private loans, yep.

Well, yeah, but you missed one thing.

So I love how you did that.

You're like, it cost me five to use the money.

And yes, he had several policies.

And most people that are going to do that are going to have multiple policies.

And let's say it was 100 grand he lent me.

So he had 100 grand that he could lend.

So this isn't fiat or this isn't fractional reserve banking.

He had 100 grand and he lent me 100 grand.

The insurance company charges him five.

He charges me 15.

So right there, let's just say that's a 10 point spread.

But most people would be like, well, yeah, but if I lent $100,000 from my bank account to you at 15, I make the full 15.

But what you're missing is that that insurance policy, that contract, is still paying you guaranteed interest and dividends of roughly...

I could argue that 6% is a pretty normal number today.