Funding families, with John Aronica (Gaia)

How to Lend Money to Strangers

Brendan le Grange

Credit, Fintech, Management, Lending, Banking, Business, Careers

5 • 2.6K Ratings

🗓️ 9 May 2024

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

"Roughly 15% of hopeful parents worldwide would be eligible for IVF - from a medical eligibility perspective - but today, only about 2% are able to access that care."

It's all well and good financing cars or boats or sneakers, but sometimes we get a chance to finance something a little more important, like a house or, in this case, a family to fill it. Gaia are a wonderful example of that, embedding finance and insurance into a healthcare workflow to build the better way to pay for IVF.

Gaia are at https://gaiafamily.com/

On LinkedIn they're over here: https://www.linkedin.com/company/gaiafamily/ and they're on Facebook, TikTok, and Instagram, too

John is on LinkedIn, too, at https://www.linkedin.com/in/john-p-aronica/

As am I, and I am always open to new genuine connections - https://www.linkedin.com/in/brendanlegrange - please also follow the show's page while you're there.

Meanwhile, my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is discussed at https://confirmu.com/ and on episode 24 of this show https://www.howtolendmoneytostrangers.show/episodes/episode-24

And finally, I'm also co-creating a new podcast called hAIghtened senses which will look at the intersection between human senses and technology, especially AI-powered technology. You can already start to follow it wherever you're listening to this one - there's only a trailer there at the moment, but we've recorded some of the early episodes and it's going to be a fun ride!

Keep well, Brendan

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Transcript

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0:00.0	Halifax presents, bad move, good move.
0:03.5	Bad move, trusting your other half to put up shelves to hold the China your lovely Nan left you.
0:09.0	Oh yeah, jobs are gooden. Oops.
0:15.0	Good move.
0:17.0	Joining the one in five first-time buyers who choose a Halifax mortgage.
0:20.0	Halifax, the home of first-time buyers. Halifax first-time buyers.
0:23.0	Halifax first-time buyer mortgage completion volume is a percentage of total market,
0:27.0	December 2022 to November 2023.
0:30.0	A niche focus, but a focus that I think goes a long way towards helping families build from the ground up.
0:41.0	Roughly 15% of hopeful parents worldwide
0:46.3	would be eligible for IVF from a medical eligibility perspective.
0:51.8	But today, only about 2% are able to access that care and we
0:56.9	think one of the critical blockers is affordability, accessibility, and the transparency of going through that process.
1:06.9	It can be very difficult and financially onerous and financially worrisome to get yourself IVF. So what we do is we fix the cost of treatment up front.
1:18.0	And if your treatment is successful, i.e. results in a live birth, then you pay off the
1:25.4	amount of your treatment costs in the form of a relatively straightforward
1:29.6	unsecured personal loan, but for members who unfortunately are not successful, this is where the
1:35.4	insurance piece of the product kicks in and all of those treatment costs go away. This is probably too much information, but my first child was born almost exactly nine months after we got married.
1:54.1	So let's just say we were lucky enough that we never had to take on the IVF journey.
1:59.0	Though several of our friends have, and it's not an easy journey by any means. It involves a lot of
2:04.8	emotional and physical discomfort, but for even more people it's the
2:09.6	starting that's the hardest thing because the monetary costs involved can be insurmountable.
	...

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