Welcome to Working Together on Think Tech Hawaii, where we discuss the impact of change on workers, employers, and the economy. I'm your host, Cheryl Crozier-Garcia, inviting you to join in the conversation. Please call us with your questions or comments at area code<PHONE_NUMBER> or tweet us at thinktechhi. Today the news media is full of news of alleged law-breaking both by those in high political office and at the U.S.-Mexico border. We've all seen the pictures and heard the audio recordings of crying children, of babies being taken from their parents, and of kids sleeping on concrete floors in detention centers. We've also seen people with significant connections to the White House doing the walk of shame into and out of courthouses. Today retired Judge Randall Lee is going to help us understand what's happening in the media by explaining what all the legal terms we hear actually mean in the legal profession. Welcome Judge Lee. Welcome. And thank you for taking the time to be with us. Thank you for inviting me. Your expertise is so important right now, not only you, but everybody in the legal profession, because we're, there are just so many things happening that the average person can't understand. We don't have the necessary education or training to know what we're seeing and to understand whether something is correct or incorrect, legal or illegal, right or wrong. So please help us. Well, it's not only difficult to understand, but it's an unusual situation because the general public normally don't see something like this happening in this day and age. So it's something that the public generally don't expect to be happening. Right. Well, not in the U.S. anyway, but we have seen refugee camps across the borders of other countries. We've seen Syrian refugees pouring into Europe. We've seen folks from Macedonia in Greece and Turkey. We've seen groups of people being literally turned away from the countries they're trying to enter. But we've never seen that in the U.S. Why why do you think this particular type of action is happening now? I really can't put a finger on it. I don't know if it's a situation where the media is focusing on it. I don't know if it's a situation where the number of people coming attempting to come into the country is is flaming the few behind this. I don't know if it's a situation or the policies that were being implemented, whether or not it's a combination of the all three. It could be. A lot of the people who are trying to enter the U.S. from Mexico are trying to claim some kind of asylum. As a legal term, what is asylum? Well, asylum is where you have a legal justification to come into the country because you are either being punished or persecuted because you disagree with with the government. In that particular case, the person has political reasons why they they have to come in because if they remain there, their safety is in jeopardy. So a lot of people claim asylum because that if they are not allowed into the United States, they will be in harm's way. So the folks at the U.S.-Mexico border, I mean, there is a lot of violence in Honduras, Guatemala, and the other countries that people are coming from. But I don't know if that's a politically generated situation or is it just street crime run amok. We don't know and that and that the that's the problem here is there's a balance. On one hand there's the humanistic argument, you know. These people are being persecuted. We need to provide some sort of safe haven. On the flip side, there's the security issue and the security issue is we need to vet these people before we can let them in. So in the meantime, they're stuck between a rock and a hard place because where are they to go? So they are confined and you know most people feel that it's an unjust situation because you are being confined like a jail. Right. Without having been convicted of any crime. Yeah, so it's really difficult because I can see both sides. Right. I really can because just because someone claims asylum, you need to verify it somehow. I don't know what the test is, how you can test to verify by something like that, but there needs to be some sort of vetting system and the problem is I don't think there is a set mechanism to vet these kind of things. Yeah, that's true and it's a lot harder I think than it may have been in the past. Like I remember the Russian Refuseniks, folks like Andrey Sakharov and Elena Bonner, Alexander Solzhenitsyn, they were actually imprisoned in Siberian labor camps and gulags because of their political beliefs. And so it became clear that they really did need a safe place to go. So they were allowed into the United States. What compounds it also is the number of people coming through. Just the sheer number, the increase in number makes the whole vetting system even more difficult and prolonged. Now if the folks coming for asylum have sponsors within the U.S. and they already have family members here who are here legally, couldn't they just sponsor their relatives to come in the way any other immigrant family would with relatives from other countries?  The problem again is the vetting. How do you determine the person is related to that person or constitutes their immediate family? The current situation that is in the forefront of the media about children being separated from their parents, these people are undocumented, meaning there is no documentation like a birth certificate. So how do you determine that child is that person's parent and vice versa? It becomes a real difficult situation, the vetting process. And we couldn't just presume that because I have carried, say a nine month old baby all the way from Guatemala to the Mexico U.S. border, we couldn't presume that that's my child. Like I really could pick up some strange baby somewhere and just carry them in the hopes of getting across the border. Well, one would like to presume that if you went through that whole process, you did so because of your love for that child. Right. But you can't just presume it. You can't, unfortunately, you can't presume it. I think part of the other part of the problem is that the laws, the immigration laws are not as clear or has have been amended or modified to address the current situation. Right. So I think there needs to be an amendment to the immigration law to see perhaps we can address some of the situations that you raise. Well, I agree that immigration laws need to be changed and clarified so that it becomes readily apparent who might qualify for asylum, who might not. How do we define political violence or economic violence or sexual violence within the context of people wanting to flee from their homes maybe to the U.S. or to another place of safety that certainly that needs to happen. But I think the other thing, too, is that we need, when we look at, and it's especially timely now because tomorrow is Independence Day for the U.S., but when we look at this issue of immigration and everybody being either their child or grandchild, we're a nation of immigrants unless you're Native American, your blood came from someplace else. Right. The part of the problem, too, is that we look at the Statue of Liberty and the poem on the bottom, give me your tired, your poor, your hungry, your huddled masses yearning to breathe free. I had to memorize it in Girl Scouts. But we look at that and we take that as law. But it's not really law, is it? No. It's a poem. Well, it's an aspirational. It's your mission. Right. It's the mission that America stood for, namely that we are a welcoming country. Unfortunately, we enacted laws. And part of that laws have procedures that have to be followed. Right. And that's where the dilemma we have right now, because the people are coming through and not following those procedures. So it cuts, it cut both ways. I understand their dilemma. But how do you not only vet these people, but what do you say to the people who actually waited in line, filled off the paperwork and struggled, did the procedure and struggled to get through the vetting process and become citizens? Yeah. I mean, do you tell them that it's not important anymore? So we're a country of laws. I understand that. So the question really is, is, do we enforce the laws strictly? Or do we ignore the law? Or do we amend the law? I think Congress has the authority to amend the law. And I think Congress should try to address the situation. Unfortunately, we have a stalemate. And I think everyone puts the shift on the president by using an executive order. And if you recall history, that's something America wanted to get away from. We wanted to get away from the king's rule. We didn't want one person making the rule. Right. And that's why we created the United States, we created Congress, we created the separation of power, executive branch, the judicial branch, and the legislative branch so that everybody can check and balance. Right. We've moved away from that. And unfortunately, you know, the people want to have one person set the ground rules. And it's unfortunate because that, you know, if someone's idea of the ground rules is different from yours, that's why we have a lot of unrest. Yeah, that's true. Well, there have been times when executive orders have been done in the face of a oppositional Congress that turned out to be a good thing. Yes. Executive order 11248, for example, which is the one that created the Equal Employment Opportunity Commission and brought about what is now affirmative action. Congress really did not want to play ball with the president at that time. And so the president said, Okay, for the good of the nation, I'm going to do this by executive order. It's my right as president to do this. But I don't think past presidents have used the executive order with the quantity that this current president has and with the alleged, with the results that he is trying to obtain. Well, you have to understand, I think a lot of times reasonable minds can disagree. And we're in a time where society is polarized in opposite directions. Yeah, that's true. And as much as we'd like to think Congress or presidents are doing things for the right reason, sometimes politics get in the way. And because of this polarized positions that people take, they bunker down. And as a result, we either nothing gets done or something gets done, but to the detriment of others. Right. Yeah. You know, can you hang around and talk about this for a moment? We need to go to break so that we can show you some of the other great programming here on think tech Hawaii. I'm Cheryl Crozier Garcia, and we will be back in 60 seconds. Hello, Dave Stevens, host of the Cyber Underground. This is where we discuss everything that relates to computers that's just kind of scare you out of your mind. So come join us every week here on think tech Hawaii.com 1pm on Friday afternoons. And then you can go see all our episodes on YouTube. Just look up the cyber underground on YouTube. All our shows will show up and please follow us. We're always giving you current relevant information to protect you. Keeping you safe. Hello. Welcome back to Working Together on think tech Hawaii. I'm Cheryl Crozier Garcia, and we are talking to Judge Randall Lee about the law, specifically immigration law and recent happenings in the news media. I've got to ask you a question because you're a judge. We now have an opening on the Supreme Court. Justice Kennedy, Kennedy, yes. Justice Kennedy has said he's going to retire and so now the president gets to nominate a new person. Why is it that it is so important to know what a Supreme Court justices mindset is liberal versus conservative or things like that? I think a lot of times the general public or the public and as a whole like to think that how a judge or what a judge does or how a judge thinks would affect how they decide cases. As a judge you cannot set you have to set aside your personal feelings and judge the case solely on the facts and the law. As you know I was a prosecutor for 25 years and a lot of people believe that because I was a prosecutor for 25 years I was pro-prosecution and therefore I would rule in favor of the prosecutors. It was interesting that during my confirmation and later in the years the people who came out to support me were the defense bar. Sometimes people like you like to think that judges are predisposed. I'd like to think otherwise. I still have faith in the system whereby judges rule according to the rule of law and according to the facts and judges keep an open mind. There are different types of judges. You have judges who like to legislate from the bench and there's judges who do not legislate and they strictly apply the rule of law. I'd like to think that judges should not legislate and the reason I say that is because that's why we have the separation of powers. Now there are times that you have to legislate because the legislature creates a law that is vague and you have to explain what it means. A good example is like burglary, breaking and entering into a home. What does breaking mean? Most people like to think breaking means you have to break the window or break the door down. No, you didn't have to break the window or the door and but that had to come through the courts where the courts explain breaking just means breaking the plane of a house. Right? So coming in without permission. Right. Okay. For example, does dwelling mean the garage? Okay. The law was vague on that. So the courts had to determine that because the garage is part of the dwelling, the garage is a dwelling even though you don't sleep in the garage. So we have to use some legislative judging so that the laws can be applied fairly and with logic. What I'm talking about legislating from the bench is when you literally change the law. Okay. That's why we have the separation of powers that the legislative body is the body that should create the laws. Right. The president or the executive branch within this particular case the governor enforces the law and the judicial branch merely applies the law and does review on the other levels of government to make sure that everybody's following the law. The most recent Supreme Court decision on the travel ban. It was a close vote five to four. I read Justice Sotomayor's dissent and she actually read it from the bench which apparently means she was really upset. It's not just I respectfully dissent or I dissent or in her case it was like I dissent and y'all are a bunch of knuckleheads for finding it this way. And here's kind of what got me thinking about this. We're hearing a lot now in the media about the idea of settled law. So the Supreme Court has made a decision on something so we don't have to revisit it again because they've already said what the law means in this particular case. With the travel ban folks had used the Korematsu decision from World War II kind of as a precedent to say in the interest of national security the president is saying we're going to ban travel from these countries and the precedent for that is Korematsu where the president decided that for the national security people of Japanese ancestry could be imprisoned in internment camps even though they had not been convicted of a crime. So I'm not sure now that we can really say there's anything such as settled law because Korematsu was overthrown. Well okay Korematsu is a little different from what the travel ban and the reason I say that is because in Korematsu people are removed from their homes and placed in internment camps. In the travel ban situation people are being restricted from coming into the country. Okay so they're not being removed from their homes. As a general proposition settled law means what we call it star idiocyces which means this we call it case law and as a general rule judges would follow what prior rulings occur. However facts change a good example. At one time marijuana was illegal. The circumstances changed though. There was medicinal and some positive things that needed to be that could be used with marijuana. As a result laws change and rulings change. Okay so circumstances can change but in the travel ban case you saw how settled case law was actually applied in the sense that the five justices that ruled that the travel ban was upheld they were not legislating from the bench. So they basically said the four corners of the Constitution provides authority to the president to deal with immigration. We're not going to change the Constitution and therefore if the four corners of the Constitution says the president can has the power to handle immigration matters we're not changing the Constitution. So they followed what Justice Scalia was was basically we look at the four corners of the document and if it within the four corners of the document it says ABC we're not adding D in there. So how so then could the president use his executive power of pardon he's already pardoned Joe Arpaio of Arizona could he use that power to pardon himself if he were convicted of song wrongdoing. Well I I don't really know I mean that's an interesting issue because I would assume that if if someone committed a wrongdoing they would be stripped of those powers before they would have a chance to pardon themselves but let's assume he or she had the power as a president to pardon someone. I don't think that would be something that's politically acceptable in society I think it would be a fatal error to do so. But would it be constitutional? If you follow the four corners of the law and it says that the president could I assume they could but again I would first assume that if there was a wrongdoing there would be either some sort of impeachment type of proceedings and the powers would be removed from the the president. Yeah one would hope. One I mean I don't know I mean I don't this has never occurred. The closest it came was with President Clinton but he the impeachment process failed and so we never crossed that bridge. Right well and in the Nixon example he was pardoned by President Ford for anything he may have done. Right. Nothing was ever brought to light that he actually took part in law breaking but he may have known about it or you know kind of turned a blind eye to it. Well that would be a good example of how the president I guess could pardon himself where Nixon appointed Ford and then Ford then parted Nixon so in that sense it would be Nixon pardoning Nixon because Ford was his appointee. Right but they followed the Constitution in that. Right. President Ford became president because he was the minority leader at the time and so after Vice President Agnew was indicted on cheating etc. Yeah you know I wish we could talk about this longer. Will you come back and see us again soon? Good because we've got to wrap up now. Half an hour goes by way too quickly. Thank you Judge Lee. You're welcome. You know we've all got opinions about what's happening in the areas of politics, immigration and the criminal justice system. Justice is supposed to be blind and it may be but the law enforcement and criminal justice systems are run by humans and humans are imperfect even if we could exclude money, race, gender, national origin and other factors from the discussion. Human fallibility would still create mistakes. All we can do is take the time to inform ourselves about what's happening in the world and then to the degree that we're able work to change what we don't like. That's all the time we have today. On behalf of all of the citizen journalists here at Think Tech Hawaii, I'm Cheryl Crozier Garcia. Working together will be back in two weeks. Till then take care.


This study found that college students in Eldorette Kenya are more likely to engage in substance use if they have high levels of neuroticism and low levels of agreeableness. These findings suggest that personality traits may be important factors in determining whether someone will become addicted to substances. Further research should explore how personality traits influence substance use and how these traits can be used to develop effective interventions. This article was authored by Daniel Wagonjo-Kinyanjwi and Nwangi Sum.


Welcome back. It is Friday. That means FNA Friday. And today I'm going to talk about weight, two specific tips about weight animation. One tip has to do with constraints. And the other one has to do with a visual cue about weight that I can show both in Maya. So let's get straight to that. All right. So switching over to a different mic and different setup. So this is my Maya scene. Now I want to talk about the principles. This has nothing to do with actual animation. You can see it is a very rough pose, intersections on fingers and all kinds of things. I don't really care. Why? Because I want to talk about two things. This stemmed from a tweet that I wrote a while back with a, of course, spelling error because, you know, me, it's me. But it talks about objects that your character is holding and especially the size of an object. So, you know, something really, really big versus something really, really small. Basically, the idea is that again, this is, you know, very rough here. But the idea is that if you hold something heavy, let's pretend you are selecting your hands and then the box and I'm going to do just a regular parent constraint, take this away off screen. So what happens now is that when I move my wrist, you can see that the box is moving. So the idea behind this is that if you do your box lift, and let's say I'm moving this whole thing back, you can see how everything moves very quickly. The problem with that is that this box is supposed to be heavy, right? Really heavy. So if I do my animation and I have ever so slightly little tweaks and bumps and pops in my chest, or if I do an adjustment in my hands and I have an ever so slight again, this is not constrained on this end doesn't matter. The idea is that if I lift this and I have ever so slight jitters or something in my wrist or anywhere in the body, it's going to translate right away into the box. So if I have the hand holding the box and the problem is like I showed before, if I have anything in the wrist, anything in the chest, anything in the root, all of that, all of that everywhere, all of this goes straight into the box, meaning that any imperfections in my animation will be visible in the box and make the box really, really light. But if you do the opposite and I select the box and then I select the wrist, and then I do my parent constraint. So now you will see the difference here. So if I move my chest around, obviously nothing happens here, because everything is stuck to the box, right? I can do all of this and nothing happens. But what are you going to do now is that now you're going to animate the box. So now you can have very smooth control in terms of how the box moves around. And obviously not going to have some crazy animation in the box, hopefully, because the box is just going to go, it's going to go up and you're going to adjust the wrist and everything else to make this animation work. But the better result is that you can still have all kinds of jitters here in your roots, you can have messy animation which you obviously will have to clean. But if you have anything messy in the chest here, and I'm exaggerating with all of this here, any of that will not transfer into the box, the box doesn't move again, just like I showed you before, because it's constrained like this. So the idea is that anything that's heavy, heavier than the hand, I would constrain the hand to the box, meaning that the box drives the hand as pretend that your hand here is holding, like in the tweet, a little match, but in the scale is actually correct. If you move that hand around and that'll match or a cell phone or whatever is in that hand moves with the wrist, it's okay, because it will look light, but the object is light. But in this case, this is supposed to be heavy. So if I move my hand around and the box in turn moves around really quickly, it's going to kill the weight. But the opposite is that because I have the hand constrained to the box, I don't have to worry about all the jitters and I can concentrate on making that box animation really smooth and heavy, and it's not going to betray the weight. And since I have this constraint like this, here's the second tip. Here's a very, very common mistake that I see in box slip. So I'm going to switch over to this here, no controllers. And again, I don't care about intersections, this is just the idea of it. Let's pretend your box is actually on the ground, right? So there's ground contact right here. And again, your box could be completely on the ground, whatever it is, but the box is touching the ground, so all the weight is here. He doesn't have to lift the box just yet. The problem is that if you lift your character up like this, it feels like he has tremendous power in those arms. The muscles are massive. Why? Because he can lift that box while that angle of the arms persists like this. So what happens? Again, let's ignore my horrible pose, but the moment you lift up the box, the arm has to go like this, right? Because you have contact here, the box contacts the ground and the moment the box gets off the ground, gravity kicks in. So the arm cannot really stay in this position anymore, because gravity goes straight down. So your box has to swing back down this way. Unless your arms are really, really strong, have massive muscles. Now then again, with this model, it might even be plausible. But lifting a box like this, where you go up with your root and the arms stay like this, that's just a sign that it's not really heavy. And again, I'm not buying that this character is really, really strong and can lift something heavy. Again, the point of your shot is to do something heavy. So the moment you lift it, your arms have to go back down because gravity wants it to go back there. Everything has to go straight back down. There you go. Hopefully two tips that will help you in your future weight animation journey. And if you feel like you want to take that journey with me, this is so cheesy. I have workshops. If you feel like this is helpful, and you want me to help you with your shots, we can work together on your work. There's a link of course in the description with old information about my workshops, and you can sign up at any time. And as always, if you watched the whole thing until the very end, I really appreciate it. Thank you for your time. And if you don't want to miss anything that upload, you can hit the subscribe button and hit that bell button and subscribe to everything that I upload if you so want to. Other than that, that's it for me. I will see you in my next upload.


What's up, everybody? Ricky Krooth here. I just got off the stage here in Charlotte. I blew the roof off this place. Let me tell you why you need me at your next event. On top of having so much passion behind my message of relationships over trans actors, which I feel is the future, the wave of the future in sales. I have a huge following that's growing by hundreds every single day. I love people. I love speaking. I love motivating. I just want to get out there and spread my message and try to help as many people as I can. If you have an event coming up, I will be more than honored to be there. Just click the link below after these few testimonials. I'm Erica with EXP Realty. Today's the first day. I've heard Ricky speak and I just thought he was amazing. The story really inspired me. He's so passionate and I just loved his message and what he had to say. He's awesome and I think he should speak at every event. He just really inspired me. I think he's the best. Hey, I'm Tanya Tupes-Gotro with Keller Williams Realty Team Leader and I'm so excited that we were able to bring Ricky here today to Baton Rouge, Louisiana to talk to our agents and share how he is able to have over a hundred transactions per year as an individual agent. Leverage and mindset is something that we talk about often at Keller Williams and so it's really exciting to be able to have Ricky share that with all of us and we're really excited he came here today to Baton Rouge. Just want to appreciate Ricky coming down here to Baton Rouge. I'm Frank Ruby from New Orleans. Ricky's zero to diamonds program. Really entertaining. A lot of information. Appreciate Ricky doing this at no cost. He's a man of his word. Hi everybody. My name is Kathy Smith and I'm a Berkshire Hathaway Home Services Carolina's Realty and I am a big fan of Ricky Carruth and I have been a real estate for 16 years now this summer will be and I've long held the same philosophies that Ricky does. Being true to your clients and asking what it is you can do to help them. When I first moved to the Charlotte North Carolina area I joined a very large real estate team and my wanting to help people was actually discouraged. It was numbers profit over relationships.  He is absolutely a hundred percent on the mark and I mean his numbers speak for itself. I mean he's making a million bucks a year he's selling a hundred houses but you too will have the same kind of level of success if you put your heart and soul into it so I can't say enough about him and how wonderful he is and the guy's the bomb diggity I mean plus it's free oh my gosh how can you not get that deal and plus I got the chance to come see him here at the Explode Conference in Charlotte. Enthusiasm energy everything was 110% off the charts and just a lot of people got a chance to actually see what we're what we know works so join us at Zero2Diamond.com


back as promised entrepreneurship Tuesday on why in the morning I'm your host by Moses or it's by morning of social media platform and this is our last interview of the day so I saved the best for last and if you've been wondering on how to spend your money or how to invest your money this one is for financial literacy and I have the main man himself Mr. Michael Obaga who's an asset management specialist a banking and insurance specialist and the list goes on so I'm going to let him introduce himself so we can carry on Karibusana thanks buddy thanks for having me all right your camera is number four right there at the list your your credentials are pretty picturesque I can't list everything so I'm going to give you an opportunity to say it yeah my name is Michael and my name is Michael Obaga and I work for site on investments however looking at my bio I have a career arc of about 10 years in private wealth advisory and you're looking at relationship management in banking insurance and asset management and you know a brief you know experience in the pension world as well therefore that one ideally captures the financial sector cross board therefore we have great facility of experience and advisory when it comes to financial matters all right especially when you're talking about the young people and investment which is our audience for that matter and I'm so glad to have you as a young person as well who understands at this I'd like to get your background first what is your background how did you get to this point of knowing so much about the financial market I remember immediately after college I graduated from Jomokenya to university I immediately got a job in a circle which was actually a building society I remember you're dealing with farmers we're going down into the villages to pay farmers who are cultivated tea coffee and all that so I worked my first job into the financial industry I was introduced by a circle later on what were you studying at Jomokenya at Jomokenya I studied applied mathematics however you know the current economic status of Kenya you have to be well advanced to work in any industry where fate will land you and I remember immediately after graduation I said I'm not going to hold back to wait for a career in mathematics rather I'll take any job that that will come by but I'm told the financial markets of the industry is hungry for for guys with knowledge in mathematics exactly so it came in as an extra advantage especially now that I was good in math therefore I placed myself in a very strategic position by taking up these duties especially in the financial industry all right thank you very much for coming and my first question is going to be about this financial literacy thing people have been complaining about it it being included in our curriculum or parents teaching their kids this thing so everybody's pointing a finger I'd like to know the first class of grammar is learning the alphabet the first class of mathematics is learning the the numerals the numbers themselves what is the first lesson when you'd like to teach something somebody a little bit about financial literacy yeah for young people and for everyone the story has been the same whenever you want to have sound you know you know usage of your finances you want to have a prudent you know usage of your finances we've always proposed that you embrace the 50 30 20 rule whereby you're committing 50 percent of your income after tax into paying your needs and obligations and 30 percent of those funds you can commit them into paying your wants and you can be able to purchase whatever you need whatever is in fashion whatever electronic has come only 30 percent yeah and only the remaining 20 percent will go towards your savings and investments including payment of debts yeah so the 80 the 50 30 20 rule yeah could be the first step towards financial freedom it is and you know this rule was created by a lady author politician and investment guru called Elizabeth Warren she's a contender for the U.S. presidential elections and on a democratic party ticket Elizabeth Warren came up with this 50 30 20 rule in a book or all my wealth and it's and the book clearly says that 50 percent of whatever you get after taxes of your income after taxes should go towards payment of your needs and obligations 30 percent goes into your wants and 20 percent must go into savings or investments or payment of debts all right i'm interested in this 20 percent yeah this 20 percent that you're going to put aside this is your hard earned money and you don't want to play with it so what are some of the options we have as young people where do i put this 20 percent no matter how small yeah the 20 percent is so crucial actually when you look closely at that ratio you can easily say it's an 80 20 rule which has been broken down to 50 30 20 so 80 percent you can just do away with 80 percent you say i don't want to spend more money in my wants let me commit this 30 percent into my needs and obligations considering maybe you have more needs you have more obligations and responsibilities so the remaining 20 is so vital so crucial but so little as well but so important in the sense that it goes towards payment of your debts it goes towards your savings or investments and again that one gives us another question what is the difference between savings and investments when one saves you're simply putting money for future use for any day yeah you're putting your money aside for future use but now for investments you're putting your money aside for productive use therefore we again as investment advisors we encourage people to invest rather than rather than save all right when you talk when you talk investment we're assuming capital is required and uh at least we need to save some money to achieve or to raise that capital or can you just start investing with the 20 percent immediately you start earning your salary exactly the sooner the better you know barry will always say that you can invest in any vehicle that suits your pocket because investment is again function to disposable income you can't invest what you don't have therefore it's you it's up to you as an investor or as a prospective investor to kindly look across all markets we have in Kenya and say where can I invest instead of letting my money sit idly in a bank account can I invest it in the money markets can I invest my income in my 20 income in the stock market can I invest it in fixed income and that will now will bring us down to the different type of investment vehicles we have in Kenya all right and who are they meant for all right we're going to be talking about the vehicles the investment vehicles but before we talk about investment vehicles there's this thing uh that is a curse to our youth right now and it it's called debt yeah it has led to suicides in this country if you could and uh i'm told debt could be good debt could be the worst thing that you ever get into could be bad all right so uh i'd like to get to the good side of debt how can we use debt as a good thing that is a good thing and at the same time that can be a bad thing uh when you look at long time affordable debt that is good it's encouraged to take long term affordable debt so when you see long term debt the debt you're paying for two years three years four years five years and so forth it's good because the rate of return is low the interest rate of return is low however when you look at short top debt the debt you pay mobile apps mobile apps shy locks when you pay a debt within a period of two weeks one month two months that's dangerous interest isn't it and normally the interest rate is so high to an extent that is not sustainable all right and therefore we discourage our young viewers and we discourage our young audience young people who are crazing for these mobile lending apps to go down to slow down actually to stop this mobile lending because it's so dangerous because it's so expensive some of them are lending up to 20 per cent per month which is not sustainable number two because of the easy the availability of that loan it's so easy for you to get that loan at any particular moment as long as you've paid one they give you an offer you know the increase your limits so it becomes dangerous and it puts the young people in what you call a borrowing psycho risk so immediately after you're done with this one you're going for the next one immediately after you're done with the next one you go for another one so at the end of the year you found you find out that you've been borrowing all year long at 20 per cent per month which is not sustainable it's very hard to wake up in the morning and every headline on the newspaper is the president signs for another debt or the deputy president travel to sort for a debt to finish such and such a project so every headline in the newspaper is the government borrowing it's very hard to go back and not borrow as a person when your leader is constantly borrowing so what do you have to say about this you cannot use government as a yardstick into your personal behavior when it comes to matters of finance you know governments have unlimited sources of revenue to pay their debts including yourself not including the citizens yeah remember yeah because we pay taxes and government you know is at a position to collect as much as possible from us through taxes government has other ways of getting grants from multilateral and even other bilateral relations especially from other developed countries governments have different ways of raising capital through it be it through government securities those are treasury bills and treasury bonds where government has an opportunity to borrow domestically so it's not fair for an individual and in that matter a young person to compare himself to the government because government has multiple ways has multi channels of collecting revenue that can go a long way into paying the debts not to mention other productive resources not forgetting these loans are long term yeah not to mention that all these money government is borrowing is going towards infrastructure development those developments themselves can be able to self-sustain and pay most of these debts all right wonderful so what i'm getting from you is if you are going to get into debt it better be long term it better be for an investment exactly all right let's get back to the options that we have for investing because i'm guessing most of our youth and let's say an average of 30 000 for somebody we just graduated or even less or even less but my friends who recently graduated they tell me the the starting salaries are always somewhere around 30 000 pre-tax that is yeah so this is somebody who's 20 20 percent is it's going to be very little after tax yeah i remember my first job i was earning 9 000 9 000 that is a graduate from the job that i already was a graduate yeah all right so what you normally encourage these young graduates some of them are jobless let's speak for those who are jobless as well some of them are earning so little but there are many ways in which you can invest and the best investment vehicle for a young person a millennial somebody with small income or low income or not even steady income these month he has an income next month he has no income the best investment vehicle has always been the money market fund and the advantage of investing in the money market fund is that it gives you an opportunity to invest as low as possible for example the site all money market fund takes up to 100 shillings minimum you know starting investment amount so you can even start with 100 bob and start making you know commit yourself to making regular be it regular or regular top ups so that at the end of the year you find yourself that you've disciplined yourself for next thing that you have something substantial invested at a very competitive rate all right so instead of you keeping your money in an M-Pesa account i'm not saying M-Pesa is bad or any mobile money for that matter sitting your money in a bank account or a circle account instead invest this money in a money market account if you're not going to spend it if you're not planning to spend so that this money can be able to come handy whenever you have a rainy day because remember money market funds are liquid investment and what you mean by liquid investment we mean this money can easily be redeemable through withdrawing even using your phone all right and you can be able to make subsequent top ups so you can be able to withdraw the whole amount including the interest and the principle you can still go back even if you draw everything doesn't mean that the account is closed you can still go back make top ups you can still be able to make other top ups so it's more liquid investment but at the same time it gives you the benefits of a pooled investment because all the money is going to sit in one bank account and then it's going to be reinvested later by the assets of the investment manager all right how long back does this money market date is it is it a is it a fairly young thing or it's not money market fund and remember for example for the case study of the u.s money market funds began way back in 1970s so those are many years back those are many years those are many years back so however it's only that now the preference of money market funds as short-term low risk and liquid investments is rising in Kenya right now it's now that Kenyans are coming to the realization especially the young people who are always on social media they're coming to a realization that they can be able to invest their money in money market funds and be able to reap the best the highest possible benefits in terms of return and also enjoy the liquidity of withdrawing and topping up whenever they want all right we have young people that are blessed to have parents who accumulated some wealth so they might be having some assets that they don't want to lose because they probably have some ties to the assets this could be land this could be a building that was left by the parent or this could be a shop somewhere or so what are some of the the the best options for such a person with the least risk uh first of all for someone who's keen to invest into real estate we've always say that there are many options in which you can invest in real estate the first one is you can be able to buy and later sell that is you buy a property and then you sell later therefore you've participated in real estate through making you know a focus of targeting to earn from the capital appreciation of the property that you bought at a lower rate or at a lower price and then the capital you know the property has appreciated with time in terms of capital appreciation and therefore you can resell it you can buy property and put up that property for rent therefore you're earning what you call rental yield and a site on your keen on developing in places which have a highest you know rental yield therefore for a young person who's keen to invest in real estate you can be able to buy property and later resell after the property has appreciated or you've increased the value of the property by renovating and refurbishing number two you can be able to buy property and now start you know making a return of earning your money back through what you call rental income therefore getting the best rental yield assuming the property is in the best location and number three if you don't feel like you have the muscle of committing into real estate by buying or building brick and mortar you can as well invest what you call the project notes or real estate notes what you mean by real estate real estate note is simply investing in some development somewhere which is being developed by an investment manager for example Saiton and then by you investing money into this development the developer will be able to give you your return remember the developer is making some return through maybe the property sales so as he enjoys his return he'll be able to give you something as a proportionate to your contribution into your investment so that is what you call a real estate note yeah a real estate note all right thank you very much i'll hold you that for a bit remember we own facebook at white if i find we have a question right there the question is if you had a chance to invest what which field would you invest in and why we'll be sampling your feedback towards the end of the show right about now i have mr michael from Saiton Investments and is here to share with us some tips on financial literacy so uh yes as we move on there's another thing called uh this pension yeah pension has always been scandalous in this country yeah and uh so many people have shared away from uh from it considering the bad name it has had over time what would you say about uh young people saving for old age uh saving for your old age is a must and the sooner the better because the earlier you start the more you love accumulated by the time you're going for retirement it's true all of us who go for retirement at one point we'll all at one point and the energy we have right now the energy you're exuding as youths right now won't be there therefore you won't be doing whatever you're doing right now so it means it's good for a young person to come to a realization that one day he won't be having the energy he won't be having all that uh you know muscle to be doing whatever he's doing currently to and a living so at this point uh it's evident and data has that old age comes with its own shares of challenges in terms of terminal illnesses in terms of loss of energy loss of loved ones loss of the weather was caring for you loss of finances and so forth therefore it's prudent for a young person uh to start saving for retirement as early as possible and government has been in the forefront in terms of coming up with the legislation in terms of policy that is going to guide on how one is going to save for retirement and the options are out there glaring and the pension providers are out there and uh us like satan investments we have a very strong pension scheme uh targeting young people who are keen to invest as low as possible towards their retirement towards their retirement remember the moment you start saving for your retirement you cannot be able to access these funds until you reach the uh the earliest age of return the earliest age of retirement which is 50 years all right i will take you back to the 20 percent we were talking about the 80 20 room yeah so 20 percent uh i'm thinking of a middle-class canyon yeah 20 percent uh for investment for retirement for paying the debts uh inherited debts and your own debt as well i'm thinking this 20 percent uh is there a way one can come up with a plan uh say uh yearly plan or five-year plan or a 10-year plan uh to to diversify this kind of saving because i'm thinking 20 percent is not going to be enough to take a portion for for investing pension and and paying for that that's a good question barry and uh what you normally say actually the ratio is 50 30 20 however the 30 is for once whereas 50 is for the needs and obligations now the remaining 20 is what you're putting aside to pay debt and also commit city to into into investments now because you have 30 percent for once they're not things you necessarily need the things you don't necessarily need therefore it's up to you it's at you know actually disposal to think how can i catch down on my once so that i can as well supplement so it's all about sacrifice without sacrifices finances yeah exactly so it's about sacrifice so you can say let me sacrifice my once and instead compliment my you know my savings and investments and also compliment my needs and obligations so it's up to you know it's up to you to see how what amount are you going to sacrifice in terms of your wants so that at least you can be able to compliment all right you know your needs and also your savings in terms of investments all right another this one is a is a personal question i'm sorry for putting you on the spot do you go for holidays yourself yeah i should you do go for it is do you save for the holidays currently i'm saving for my Easter holidays you're saving for your Easter holidays all right so i'd like to know out of all these things what is the importance of just having some time for yourself just organize some small holiday for yourself as you work hard towards your financial goals what is the importance of that part of life it is very important but you see again the Kenyan youth have been able to you know exaggerate these you know these point these whole point of you know you know being there for yourself and trying to enjoy a little into making it monthly or even weekly affairs whereby someone can on Friday someone straight walks out of the office and straight goes into a bar to spend and saying oh the day the week has been long only for him to realize now is eating into the 50 percent and is eating also into the into the 20 percent so it's up to your personal discipline as well it's good for you to remain disciplined and say whereas yeah it's good for me to go for you know vacation it's good for me to go for a small holiday and you know have a good rest but remember you still have to commit 50 percent into being obligations and needs you still have to commit 30 percent into your wants and you still have to commit 20 percent or even more into your investments or even more impossible investment investment investment is a part of the day yes so remember we have a question on our facebook if you had a chance which field would you prefer investing in and why tell us on our facebook will be sampling your feedback towards the end of the show and we like that part for sure all right so i'd like to to get to know since you have experience in this world what are some of the the places apart from apart from this money market that Kenyan youth can invest in okay we also have uh because we're talking youth you're talking to young people young people people who are not accumulated wealth yet yeah therefore like i said is still the prerogative of this young person to sit or to sit down and think about where to invest the money to seek investment advisory and siton investment comes in handy when it comes to seeking investment advisory and we you know we advise the kenyan youth across board on different investment classes where they can be able to commit their funds ranging from money markets whereby they can start as small with as low as 100 kenyan shillings and keep on making top ups through their mobile phone they are into growing their portfolio number two they can still be able to invest in government securities we're talking about uh investing in treasury bills and treasury bonds you see the other day the central bank of kenya came up with a platform uh that is going to help retail investors young investors who are not able to invest a lot of money into the treasury bills and bonds they can be able to invest uh you know in the treasury bills and bonds with amounts below 140 000 into these platforms using their mobile phones therefore that's another good sign and kenyan youth need to be aware about these new developments especially when it comes to purchasing government securities and treasury bills and bonds because at the end of the day there's a perception that governments don't default and it's advisable for you to invest in government securities if you feel like money markets are not enough you can be able to invest into this platform direct and other than that you also have other fixed income ventures whereby you can still be able to commit your money at a longer period of time still be able to get a good return which is you know which is guaranteed and you're talking about things like fixed deposits you know fixed income products being offered by you know fund managers like site on investments you're looking at you know other opportunities in pension as well yeah all right wonderful so uh we have been talking about somebody who is at least earning some money who's able to set aside money to save and invest on the flip side we have somebody with an idea without cash whatsoever what are some of the options this person has to get investors to invest in their ideas now we're talking about somebody who has a good idea but he has a capital shortage or he has no access to finance so what you normally advise our youth is that to create a good credit worthiness it's good you create a good credit book so by you creating a good credit book it means you can work into any banking hall and be able to ask for a loan and through this SME loan you can be able to finance your business operations and then this will lead into profitability so it's good for a young person to know the importance of having a good credit record and remember the mobile app the mobile lending apps are not really helping in that side because they're making sure that they're going to list you you know in those credit and worthiness books and uh when you when you have that idea a good idea you're walking into a banking hall only for the relationship manager to tell you that your you know your credit books are not good a few coins you borrowed overnight and a few years back so it's good for the young people to know the importance of a good credit record therefore this will come in handy when you want that small loan to boost your small business idea so your credit record is very important it's very crucial investment beats saving any day yeah and what else did we learn today it's also good to take a break it's also good to take a break that is very important right there and thank you very much for coming i'll give you another chance to share with them your contact details just in case they need some financial advice thanks buddy your camera is number four yeah my name is michael obaga like i said and my phone number is zero seven two three 20 40 87 therefore you can be able to reach me on this line any time and be able to seek any financial advisory especially when it comes to matters investment all right thank you i'm looking forward to having you again i call this lesson one on our financial literacy thanks buddy all right yes you have come to the end of this particular segment and remember we are going to be something your feedback on facebook towards the end of the show and this is that towards the end of the show right there so keep them coming keep them coming my name is barry moses or it's barry mone social media we are going to have a short break then we'll be back with you guys


Bye Anna! Thanks for having me! See you next time! Oh and thanks for selling my surfboard for me! All right, time to hit the road, gotta go back up to Los Angeles. I fixed a memory card issue, sorry about that yesterday, but it will be interesting to see the footage from the good old iPhone. It's kind of straightening up, getting road ready, and if I didn't mention already, I'm gonna meet up with my friend Micah, who is a mechanic. He's got the tools, which I don't have, and we did breaks before together. It's fairly easy. I just didn't feel like buying a jack and stuff. Yes? What are these? New shades! Sick, thanks! What do you guys think about my new shades? Feeling the blues today! One, two, three, go! It's a little bit more expensive, and I probably would have filled up the tank, but you guys should see something here.  I got 55 gallons, there's no way in the world I'm gonna be holding this thing for 55 gallons, so I'll just put enough in to get to LA. We are back at Urali's, Santa Monica. I don't know, I think you guys met Micah before when you got that Mercedes for super cheap, right? What'd you do with that thing, by the way? So, I have it. It's just that I dropped a key down into the V of a very powerful V10 motor, and didn't realize it until I came back from the test drive, and at that point it didn't respond to any of the Vans anymore. In order to get a new key though for Mercedes, the car actually has to be there, so the car is at Mercedes in Santa Monica. Yeah, that's an expensive mistake. Anyways, we're gonna do the brake pad today, so he's brought some tools, tools I didn't have, jack stand, jack. I really don't know if this jack is gonna work. That thing's pretty small, but we'll figure it out. All right guys, this is what we're looking like so far. We just got the wheel off. We are gonna undo these bolts here for this gigantic caliper. Then we're gonna swap out these massive brake pads right here. These are factory motocraft ones. Step one is, well I should say, step two, you're undoing the pistons right now? I've never done one on this bus before, so normally what I would do is I'd remove the bottom pin, have loose in this one. Normally I would hinge it like this up. Right. And it begins to move, you can see. Yeah. But it also hits right here, I believe, and that's what's stopping the motion. Oh, I see what you're saying. So if that's the case, I just have to remove the nut all the way. It's gonna be the easiest way to do it. These screws typically are the sliding pins, but in this case they're not. That's why they're dry. They don't actually need grease. Okay. They should go like this. Yes. This allows even movement of this brake caliper whenever the brakes are applied. Move it again. See it? Yep. But this one does not move. Okay. So what we have to do is remove these boots and force it and force gel in there. So we'll do that to both sides. Okay. That way it won't start braking like this. Yep. Put it in the jam. Right. Plus we lock up the brakes. It looks like brake, front brake number two is done. We're gonna move on to the rear brakes. So we ran into a problem. The Ford dealership sold me the wrong kind of brakes. As you can see, these are the wrong kind of brake pads. So since we are parked right next to an auto parts store, Mike is doing chill. Drop some water, man. I'm gonna see if they have the correct parts inside. This is what the dealership told me was the correct part based on my VIN number. This is the correct part based on my eyes and based on what this vehicle actually is. So this is the fourth and final wheel. It is an unusually hot and muggy day here in Venice Beach. Hang on. Let me just make sure I locked up also a bunch of homeless people that are opportunists. So if you never get an opportunist, an opportunity to be in good shape. Anyways, he's tired, hungry, I'm tired, hungry. We're gonna go back to the sushi place. What do you think? Yeah, he's part of this. His bankroll is gonna be fine. This is a reward for working for, I don't know, a couple hours, probably in the sun so far in this hot day. Last brake pads are installed.