All right, welcome to simulation. So pumped for this episode, we are featuring John Chavez of DMT Quest. Welcome. Thank you very much for having me, man. I've been looking forward to this conversation and connecting and just chatting about some interesting things today, right? Potentially the most interesting thing. So the DMT's relationship to metaphysics, to the nature of reality. Yeah, that's an interesting topic for sure. It's something that I think it's been speculated upon for many, many years, even before, you know, some of the more modern scientific endeavors regarding DMT or even ayahuasca have been taking place. The whole concept of even ayahuasca vine, some of the compounds in that being called telepathy really long time ago. Just offers some pretty interesting conversation pieces. It's almost like the crossroads between perception, hallucination and supernormal sort of mysticism. Yep. I have a couple pillars in the trajectory that I'm interested to cover. This metaphysical one we just began with will be great. And then we have a lot of the scientific as well, which I'm really interested in unpacking the healing also along with the awakening. And then these objective biomarkers and then the big sort of funding component to hone in on because that acts as the primary energetic catalyst for the further awakening and healing and activation of the planet. So I would like to, I really like this quote and it actually came from the comments of the documentary. Hide it inside. It is the last place we will look to legend. I love that comment from one of the viewers of the documentary. Yeah. Yeah, when you sort of get to the understanding that you are the source of all creation yourself, you are that, we are the creator, we hide it ourselves in the place that we're not gonna look. And that's inside, which is also becoming aware of awareness, becoming aware of being itself, existing the very nature I am. Yeah, absolutely. And especially learning how to tap into these states that I guess give us less theoretical perspectives of how to alter reality and more direct experience with that sort of thing. I think that's probably one of the more intriguing things that I've come across, I guess in my research for the DMT Quest project was that this is not anything new per se. I think modern science has been studying this in various forms for about a hundred years or whatnot, but obviously indigenous cultures and other sophisticated cultures throughout the world have been studying this thing in their forms of science for thousands, tens of thousands of years. So yeah, absolutely. It's like we're trying to remember some things that maybe cultures from the past had a pretty good grasp of. Yep, and this is also another very popular one. The Kingdom of God is within you, Luke 17, 21. Right, I and my father are one, John 10, 30 or St. Francis of Assisi. That which you seek is that which is seeing or Tatva Masi, you are that your faith is inside you. So the very DMT, the very God, the very source, the very awareness of being the creator of reality, the very nature is inside you, but it's the last place we will look. It's so good. Yeah, and I guess when you look at some of the purported mechanisms with which endogenous DMT could be upregulated it almost seems like it's counter to how society sort of operates in terms of overeating and shallow breathing and a lot of massive electronic blue light usage at night, things of that nature. It almost seems like cultures that were tapping into these altered states without exogenous substances were using basically the opposite of overeating which would be maybe something like fasting and instead of shallow breathing, something like rhythmic breathing and then instead of indulging in electronics and things of that nature to mess up our circadian rhythm and blue light, some of them would even engage in things like prolonged darkness. So yeah, it's interesting when you look at engineering the mystical experience and reverse engineering the mystical experience and then you look at comparing at how the modern lifestyle almost seems to be counted so that it's pretty intriguing. Yeah, those are huge points. This key to unlock matrix, the indigenous habits that you're talking about, fasting from overeating rather than the shallow breathing, the very Wim Hof style, brain breathing, the fasting from technology with the darkness with also eyes closed, more often. And it also seems to very much be this, not only the spirit, but also the remembering molecule. So as we upregulate DMT undergoing these awakening experiences, there's a remembering of ourselves as the infinite and that this is a cameo, an appearance of that infinite. That seems to be so critical as well. The remembering, the game that we play, the endless forgetting and remembering, the hide and seek through the valeless veil, yeah. Absolutely, you know, it's intriguing. I recently wrote a piece regarding a Wim Hof method, breath work, endogenous DMT and potentially addressing Alzheimer's disease in that sort of fashion and going through the biomechanics of this respiration exercise and how it could potentially either halt the progression of AD or even reverse it. And in some of the research that I did regarding that piece, it ties in the fact that the gamma wave that we see that seems to be rather consistent during endogenous DMT states, hypothetically or exogenous DMT ayahuasca states that we've already seen is that for whatever reason, this around 40 Hertz wave seems to correlate with memory retrieval. And in diseases like Alzheimer's, they notice a substantial decrease in the 40 Hertz range, you know, being, I guess, activated in the brain for Alzheimer's patients. So, you know, there's periphery studies indicating that if they upregulate the 40 Hertz gamma range that the memory actually starts to come back. And one of the things that I thought about in this piece because I tend to look at the opposites, because I think you can, when you study one thing, like Alzheimer's disease where memory sort of degradation is like the key aspect of that disease, it almost makes you look at, well, what would be the opposite of Alzheimer's disease? And if gamma Hertz or the gamma oscillation is suppressed during the Alzheimer's state, what happens if gamma is actually upregulated to the fullest? And it's interesting because we're gonna delve right into the esoterics, right from the get-go, is that it seems as though children about five to six years old, that's the point in, at least from what we've studied is that humans have the most upregulation of gamma basically as children. And when you take it, taking concepts of, like you stated, remembering or remembering who we are, for whatever reason, it seems like University of Virginia has compiled a pretty good database of these kids starting to talk about recollections of strange things like past lives. And for me, it kind of makes sense if you look at it from a linear perspective of gamma super suppressed at Alzheimer's and then maybe when we're in our 30s, gamma's somewhere in the middle range where we have pretty good cognition and recollection of things. And then you go even further where the gamma's even further increased potentially in Dawson's DMT is even, I guess, more upregulated during these states of kids remembering, it's almost like an overshoot of remembering something that didn't even occur in this lifetime. So it affords some really intriguing conversations, man, I'm sorry if we're kind of going off course right now. It's great. That's perfect. The entire idea of what's happening with children as their birth to have them know themselves as the source of creation, being mission critical to ensure that the egoic onion layers of conditioning don't form and then it perpetuates suffering and a level in society. So this is mission critical and also the component of hiding highest gamma at that age also is so fascinating because that's why as an adult, when you reunite with the nature of reality, truly the well of honey and peace that was covered by the egoic rock that what happens is you feel this causeless joy and so you get this like Satya Dhananda sort of bliss, peace, happiness and you bring that to everything you do. And so it's almost like maybe the adult as they unlock the inner child again feels those higher potential gamma activations and there might even be an upregulation of DMT when there's a natural awakening in general just the natural process of reuniting with this is already freedom, this is already perfection. Yeah, no, absolutely. I think that's a great point. And I mean, it's interesting, right? Cause when we see the exogenous DMT studies with ayahuasca and DMT the gamma upregulation is pretty consistent and similarly not all the time but I've heard many anecdotes of people being able to recall or they could have sworn that they experienced a recollection of a past life during that psychedelic experience. So it's a complicated situation but it's intriguing nonetheless. The very nature of this one makes me also very excited because we've had a multi-thousand years mystic traditions pointing at how to recognize oneself as the source of creation and that over the past couple hundred years spirituality and science have been doing their best to, there have been some oscillations outward but now is the big oscillation inward to unite. And so one of these keys potentially in the synthesis of science of spirituality is DMT. Yeah, absolutely. I mean, after Rick Strassman released his book following his study in the 1990s administering intravenous DMT to the subjects and people reporting consistent mystical experiences from the ingestion, from the administration it really kind of spurred that movement.  So a big shout out to Strassman for getting that done and that took place in the 90s. His book was published in 2000 and then in 2010 DMT the spirit molecule the documentary came out which a lot of people saw Joe Rogan was the host of that documentary and that caused the conversation to go even further into mainstream culture of people just speculating on DMT and what its role is in the human body. Up until that point there had been studies showing that DMT endogenous DMT was found throughout the body cerebral spinal fluid and certain tissues things like that, but the pineal gland study that they did at the University of Michigan that didn't come out till 2013 and that really spurred even more interest into definitively I guess finding evidence for what Strassman had hypothesized in his book that the pineal gland was a source not necessarily the only source of DMT in the brain. Obviously this was done in animal studies because to do this in a human is a little bit overly invasive and dangerous and probably wouldn't get whatever approval by whatever governing body in the medical field. And then in 2019 this is what the documentary the DMT Quest documentary was focused on was the University of Michigan study where they found that DMT is produced not only in the pineal gland but throughout the corid plexus and the cerebral cortex of not only just live animals but in vitro tissue sampling also found the necessary precursor enzymes to find DMT throughout the brain. So that changed the whole conversation of whether the pineal gland was the only source of DMT in the brain and whether the brain was even capable of producing enough DMT to induce an experience because we found that DMT was found throughout the brain and the second important aspect of that 2019 study from Michigan was that DMT is actually floating around in the extracellular fluid of live animals at similar levels to serotonin and dopamine and just to stay consistent in terms of scientific analysis. What people seem to kind of veer off course in the debate about endogenous DMT is that we use these animal models because the human studies would be too invasive but for whatever reason sometimes when it comes to DMT people seem to veer off course and forget that these animal models are very consistent with human physiology and like to say that it's only animal studies in which this stuff has been proven but based on the anatomical similarities and the genetic similarities it seems very clear that these studies should translate to human neuroanatomy and neurochemical balance as well. The funding for the continued scientific research leads to really this that we're trying to bridge the profound subjective experience of these awakened very seemingly upregulated DMT states with objective biomarkers and this is really the exciting place because if you can go where in a sense neurology meets union this has also been described for thousands of years by the mystics is shut your noisy mind up and if you stop ruminating in the past and the future with all these cravings and aversions and if you become aware that it's like the clouds appearing and disappearing inside of the very empty formless sky that is the witness, the observer, the awareness itself if you become really subtle and aware of that you can then unite more and more with the freedom and the perfection of you being the very source of creation itself of all of this infinite creation and you being the very source and the witness to it and then there's also the calling aspect to it which is great, which is that when you silence yourself and still yourself enough you can also access your divine transcendent North Star calling noble aim and unite with that more and more purely and then bring that forth into reality in a pure service to creation rather than being in a service to one of your egoic onion layers and as John also mentioned that it's really interesting seeing the pineal gland, the coroid plexus, the cerebral spinal fluid. There's a lot of these really interesting the cerebral cortex. There's a lot of these really interesting zones of objective biomarker research and another core component is to do it noninvasively. That's another massive core component. So the faster that we can fund the science to do these objective biomarkers noninvasively the more quickly we can get the synthesis of science and spirituality with DMT and this is also very clear in the mystic traditions as well as what seems to be indicated with the Wim Hof method and whatnot, which is that you're very active just slowing down and consciously breathing itself. And as has been taught in the mystic tradition with this Kundalini, the very energy being drawn up the spine, that cerebral spinal fluid, it really feels like this profound activation to potentially have this objective biomarker of the upregulation of DMT. Oh, and that's this also image which we had sort of prepped to which is really exciting from the DMT Quest documentary which is the objective science behind the gamma activation during the Wim Hof method. Yeah, that was pretty exciting. And just to be honest, we actually started to film the second episode already in which we take more subjects do the Wim Hof method 20 minutes and we do the same brain mapping because science, a lot of it is based on replication. So that's really what we're, we did a one person palette study for the first film and then for the second film we're gonna be adding in all the data from the second study that's gonna be more definitive because we have more subjects. But yeah, the whole gamma wave upregulation is intriguing because it affords the discussion of not just, I guess the super normal visionary mystical states connection with higher self type of discussion but it also affords a more grounded perspective of addressing neurological deficiencies with the gamma wave, something like Alzheimer's. So I think that, yeah, the gamma wave is necessary because from what I, my perspective of endogenous DMT is that as of right now it's the most likely to be a non-invasive way to present the upregulation of endogenous DMT in the brain. I mean, it's not a 1000%, I guess tightened up in the sense of we don't have the animal studies to verify whether the DMT deficient animals actually have suppressed gamma wave and things of that nature to tie it in, in a lock tight scientific method but I think it's a good starting point and I think that's the way that science tends to start is that you have to have a rational sort of foundation and perspective of how to present something and then you build upon and you develop more studies that will either prove or disprove the theories and that's kind of where we're at right now. Like you mentioned the non-invasive measurement of endogenous DMT and even periphery hormones like endogenous 5MEO DMT is gonna be super important going forward. The non-invasive aspects would be utilized for human studies which is something that we can't do right now with the human brain and measuring DMT but if that could be developed, if Dr. John Dean gets the funding that he needs to go ahead and continue his course and his mission to go ahead and develop that technology then I think in a few years we're gonna see some intriguing ways to I guess intertwine these sort of conversations and the data. Yes. So this is fair to say that the gamma activation may be the easiest non-invasive objective biomarker. Well, if you wanna just take it from just surface level analysis. Yes. Where, you know, ayahuasca one of the consistent things with ayahuasca I believe there's three or four studies showing that ayahuasca suppresses alpha significantly suppresses alpha wave significantly and up regulates gamma wave significantly and then there's two DMT studies showcasing that after administration of DMT or smoking DMT that same thing alpha gets suppressed and gamma goes up. And in the most recent DMT EEG study it seemed as though the strength of the alpha or the strength of the gamma wave oscillation increase was directly tied in with the intensity of the visionary experience from DMT. So if we wanna look at it just from that perspective of the exogenous effect, the effects of exogenous DMT and ayahuasca on the brain and translate that into potentially endogenous DMT up regulation then I think it's a pretty decent starting point the gamma wave for non-invasive correlation with endogenous DMT. I think it's a pretty good start. Hell yeah. Especially because we already have the EEG technology so refined over the last couple of decades and especially because we already have this popularization of the Wim Hof method or the popularization of the monks as well where we can actually take this systematically reproducibly, scientifically, methodologically and do it repeatedly until we have in essence until we basically have this showing up repeatedly and then it's like, okay, so gamma activation is one of the greatest non-invasive objective biomarkers and then we can maybe wander ourselves into, okay, well, how about we do things like how do we specifically measure non-invasive up regulation of DMT itself? And so yeah, where do you feel like that might happen? Well, in speaking with John Dean, he was featured in the first documentary, it'll take some time, it'll take a year or two or maybe a few years, obviously based on the funding, the more funding, the quicker the results but it would be a magnetic-based sort of measurement. I don't wanna go into the specifics because first off, I can't explain it properly and secondly, it's John Dean's project so I don't really wanna get into exactly what he's working on but yeah, that would be a game changer. I think that would be a really good look for endogenous DMT research, especially pertaining to humans and from what I've spoken with him about is that it seems as though he can get very specific so it wouldn't just be endogenous DMT measurement, it would even be maybe endogenous 5MEO DMT, maybe endogenous bufodenine which is another form of DMT and not to forget about the fact that the body produces or the human nervous system actually produces endogenous monamine oxidase inhibitors as well. So when people talk about ayahuasca and the reason why we have such an extensive experience taking ayahuasca over hours rather than minutes like DMT is because there's monamine oxidase inhibitors in the shamanic group and that's why it's interesting that the human body actually produces multiple kinds of monamine oxidase inhibitors, tribulin, neurocaten, penylene and I think Harman or Harman are other ones so it's multiple kinds. We have a very complex endowasca soup within us and I think that adds even more evidence that the mammalian system and the human system in particular are, I just happen to believe there's a reason why we have this complex soup within us that can induce these sort of mystical spiritual experiences. Oh yeah, so it may be that our union with God, right? The word entheogen means unleashing God within, unleashing the divine within versus psychedelic meaning mind manifesting. It's just not as accurate of a describer as entheogen. Entheogen is a better describer for what these incredible substances do. And so let's say that, you are a, one of the listeners, let's say, is in a process of wondering, why did I incarnate? What is my purpose here? And so then the way to identify the answer to that is to calm down the noisy mind like we talked about before.   How you came here to be in service. And so I think this is a fascinating place is the union, whether it's, you know, pineal, choroid, plexus, cerebral cortex, just the very, the gamma activation, the up-regulation of DMT, the very meeting place of neurology with God, with your calling. How do you feel about that? Yeah, you know, one of the interesting things that I've come across is that while we mentioned the gamma activation, which seems to be a faster oscillation, there seems to be a relationship between inducing slow wave, which is like calmness, like a theta or a delta wave. Delta wave is actually seen more predominantly during sleep states or non-rem sleep states. There seems to be almost like a coupling between the slow wave and the fast wave we see like a synergy between both. And like you said, once we calm the mind, we quiet the mind. It allows us to go ahead and tap into higher insights and God if you will. And it seems as though it's almost like a rubber band. So you pull the rubber band like deeper into the calmness and the quiet and then it just snaps. And that's when we have our moments, you know, our insightful moments, our transcendental moments. And yeah, there seems to be some magic there. And at the same time, there's different ways to access supernormal states, right? I mean, there's been reports of people like soldiers on the battlefield having out-of-body experiences and there's no calmness in the battlefield. It's all pure chaos and trauma. So there's, I guess, what I'm getting at is that there's different pathways to having these mystical experiences. And it seems as though, you know, if we want to go about it in a certain manner of cultivating ourselves in a peaceful manner, then we could do it through quieting the mind, quieting ourselves, getting into our breath and connecting with a higher self. But, you know, there's also the other traumatic pathways that can be induced to have mystical experiences as well. You know, I'd be curious about your thoughts about this one as well. So in essence, using breath, whether it's Wim Hof method or whether what we were talking about earlier with mysticism just becoming aware of oneself as the very source of creation, the source of awareness and being itself, tapping into that calling, the North Star, the undergoing the process of purifying itself away from the distorted ego identities of the onion layer and more and more towards being a pure service to the creation and the agents unleashing the divine within, potentially all of this being the neural signatures of divinity. So whether that be an endogenous uptake in D&T and upregulation in D&T and also serotonin, dopamine, but just the simple idea that are there these profound objective biomarkers, these neural signatures of divinity and how can we match them with these spiritual yoga, union, mysticism, genosis, Wim Hof method, breath work, calling work, all the stuff that Tony Robbins and Jordan Peterson and Gary Vaynerchuk talk about with self-actualization. Yeah, there definitely seems to be a lot of overlap at least in my research. I mean, there is a significant shift from baseline.   Sometimes, you know, people would say that's like right when you wake up in the morning or right before you go to sleep, that's the most consistent altered state that people get in if they don't have a practice like meditation or breath work or anything like that.  And it's interesting because it seems as though a lot of magic happens in those in-between states outside of baseline. And that's part of tapping into the magic of life, I think. That's why I mean a lot of my research is in regards to all altered states, not just Wim Hof Method, but things like hypnosis, things like meditation, yoga, sensory deprivation, light stimulation, magnetic stimulation, they all have been observed to induce mystical states because they take us outside of our baseline consciousness, right? Our baseline consciousness is the predominant consciousness in which much a society likes to operate on. But it might not be our optimal brain activity. It might not be optimized. Yeah, I love how you added sensory deprivation. There's lucid dreaming. There's sound bathing, nature therapy, light stimulation. There's all of these different sort of experience designs that are emerging out of the matrix that are trying to elevate people out of the matrix slowly. And that's really, a lot of it is about finding also these... It's kind of funny because when you look at the way that spirituality for thousands of years is like, hey, you know, nature therapy, go walk around in some trees and calm down the noisy mind and calm yourself out of your nine to five doing what you're doing. And then science like 10 years ago is like, well, let's go ahead and do some scientific studies around decreased cortisol levels from people that go and walk into the forest. And it's like, yeah, this shit's so crystal clear already, but yeah, go ahead, Johnny, come lately, Mr. Science. Go ahead and come and validate. Yeah, I mean, that's really... That's what I'm saying, it's almost like we're remembering where we came from or what we used to know pretty much at the forefront of society in the past, cultures from the past. And the whole nature aspect is pretty intriguing to me because I don't know if you're pretty familiar with the whole Fibonacci sequence and the whole Fibonacci sort of aspect of nature. I think the Fibonacci is actually almost a hypnotic within itself if you stare at something with that pattern in it. And so part of me wonders if just being around nature, you're around all these plants that have the Fibonacci sequence pretty much everywhere and it's almost like you're looking at... Your subconscious is looking at hypnotic pinwheels, all over the place and that just calms you in a subconscious autonomic way. But yeah, there's so much to parse out the ways that we can induce altered states and calm ourselves in order to reach higher states of consciousness. When I look at this, what do I see? I see myself. Yeah, it's like an infinite pattern, right? Yeah. Welcome to... Yeah. Yeah. Or also another one of our really close friends over at Maths Town. You know, this is their work, right? Mmm. You know, in essence, we're doing it again. Yeah. You know, that... The Benoit Mandelbrot Infinite Fractal Zoom is this, which is, as John was just mentioning, the golden ratio of the Fibonacci sequence. So when you basically begin, in a sense, jumping between these patterns, and you're like, okay, that is this, which is infinite creation. And we are that, which is the source of infinite creation. It's just so simple. And the more that you connect with that truth that is already inside of you, the more you get these potential objective neural signatures of divinity, which we can measure scientifically. Let's fund that. But also, you just literally feel like truth. You feel like God. You feel like peace. You feel like joy. You emanate out like the sun. Enlightenment. Yeah. No, absolutely. I'm with you 100%. You know, one of the things that I like to bring up is that while, you know, DMT Quest is largely about obviously the molecule and the reason for, you know, the cluster of molecules like DMT5, all the MAOIs in the body. There's also the concept of consciousness being more akin to magnetic field. I think fellow's name was Joe McFadden who has written a theoretical piece about this last year that was pretty fascinating. And then you have Michael Persinger and Todd Murphy doing interesting work with the ultra-weak magnetic field simulation on the brain. And that, you know, that's one of the interesting things to talk about the EEG data is that you're referring to electrophysiology of the brain during these altered states and that correlates with, you know, electricity and magnetism, you know, are pretty much hand-in-hand. You can't have one discussion without the other. So when you start to discuss things like magnetic fields, then you start to discuss the possibility if consciousness is tied in with the magnetic field, then you have the natural discussion that goes into the potentiality for consciousness expanding past the physical body because, you know, our magnetic field can expand past our physical body.  And it doesn't even touch the scalp. Obviously, it's close to the scalp, but it doesn't touch the scalp. So the question, it's not a question of whether our magnetic field of our body can extend past our physical body. The question is how far, in terms of distance, can it expand past our physical body? Can we influence something objectively past our physical body? And at what strength could that occur? So, yeah, there's so many layers of discussion taking place, and I think they're leading to some really interesting insights, for sure. Yeah, this is a really profound one on these neural signatures regarding the electromagnetic fields. There seems to be more and more developing scientifically as well, which is really exciting. Also, the HeartMath Institute is also doing really interesting work with the toriodal field itself when you have greater coherence versus when you have the dissonance, which is another interesting biomarker. Would you say, I'm curious, would you say that the main biomarkers right now are, we mentioned already using EEG for gamma activation is one of the main ones. And that's also been done with meditators and yogis as well and people using entheogens, et cetera. We've also seen symmetry and coherence be another word that is used rather than dissonance for valence, for like a state of being. Then another good one, which I saw you guys also talked about a little bit in the documentary as well, was heart rate, heart variability is another good one in terms of when you have a heart rate variability that is greater, it means you're less stressed, whereas when your heart rate variability is lower, it means you're more stressed. You're more relaxed when your heart rate variability is higher. That's another potentially interesting one. So what would you say are the main ones that we should be looking at funding and doing scientific research as these neural signatures of divinity? I think all of them, I think all of them that you mentioned are important. Obviously I think the animal studies at the University of Michigan are important in terms of solidifying the physical non-debatable aspects of those neurological components. When it comes to human studies, I think heart rate variability in connection with alterations in one's oscillation signatures, like the gamma wave or the theta wave or the coupling of those, I think those are important. Even different ways to measure, I guess brain activity can be utilized. MEG might be an interesting one, but there's so much overlap with the EEG that might not be necessary based on cost. Obviously the one that Dean's going to be working on. In terms of human studies, I think that's just our foundational aspect because we can go deeper into using different types of equipment to present a picture, but I think if you can't solidify the basics first and your foundation first, then you're just going to be scattered all over the place. I think the gamma wave and the EEG stuff is a pretty decent starting point. Then you can add in the heart rate variability stuff as well. Yeah, cool. For those interested, it's written right there for gamma activation, fMRI, EEG, for heart rate variability, EKG. Tapping into those tools that exist now and also the idea of using these for these neural correlates of divinity as well as the building new tools themselves that have yet to be discovered that enable to do things like very easily provide us with these objective biomarkers. What do you also think about, for example, we had Rupert Spira on the show last year and his answer to when I was talking to him about these objective biomarkers of awakening was that we can look more towards the causeless joy and imperturbable peace being an embodied realized state rather than brain scans. We see the argument for both coming together, but curious how you feel about even just the alignment to the subjective itself being such a priority. Well, I think both would be necessary and it wouldn't be cost prohibitive to do both. So you might as well, but I think absolutely I think that internal sort of effect is important to see if there's any sort of changes in the sense of people that don't have that sort of divinity within them during those experiences. I mean obviously right now we're talking about the naturally cultivated aspect of endogenous DMT but there's also the people that have traumatic experiences from taking DMT as we saw in Rick Strassman's trial not everybody had a positive experience. It would be interesting to compare the changes in the subjective experience along with the EEG scans and then compare it to other people that have really good experiences. Yeah, I think Spear is on point with that because I think that just discarding the subjective is a bit silly. I mean I think science can go a little too far where it's like everything subjective needs to be thrown out and we can only look at objective measurements. I think that we're forgetting that this is the human experience. The human experience is first and foremost the subjective experience is first and foremost and we're trying to parse out some of the mechanics of the subjective experience with the objective measurements but we can't put the objective first. That's a really good way to put it. So basically do the activities that quiet your mind that bring you more and more into the well of peace and joy that is already within you connecting to divinity subjectively and as you do that naturally we will also create the tools and objective biomarkers that measure that. So don't wait for the objective biomarkers to get really good before saying okay now I'm ready to do these practices so don't jump to that. Yeah, you know one of the interesting things I mean a lot of people look at the Wim Hof from like a purely objective physical process like the cold showers and the cold exposure are good for alleviating inflammation and things of that nature. But there's the other aspect of the cold in which it's so uncomfortable that it forces you to focus. Your mind isn't wandering. You're not thinking about what you got to do two hours from now or whatever stress you had from last week the cold is so uncomfortable for most people that the mind has to have a singular focus and that within itself can be very transformative to people that have a really busy mind. So it kind of forces you in a mechanical way via that cold exposure to really quiet down and hone in into that inner peace if you can find it and if you can overcome the initial shock. It's interesting how there's different perspectives different angles of looking at the same exact thing. Yes. So this is on DMTquest.org so the link for this is in the bio as well as the DMTquest documentary. And this is under the about and then future research. And so you can see that the focus on endogenous DMT research is main priority in several, several ways and just like 10 plus ways of diving into this at a deeper level.  You guys are nuts. You've really identified all of the different science. I mean, that's just a start too. It's going to sprout off into so many other things, right? I mean, and the real vision too is to develop well produced documentaries to go along with all the studies so they can be sort of presented in layman's terms. So the general public can better digest the data and understand the implications and maybe we could even add in little tips and how to tap into these things. I don't want to just be solely research based. There needs to be a media component and a marketing component to it all. So it has the impact on society that it needs because I'm sure that you've seen just like I have, you've seen like this amazing science that takes place and then the media doesn't cover it and there's no documentary on it. So it kind of just sits by the wayside. I'm not trying to let that happen for a topic like this. I think it's too important the implications are too massive to not make sure that it gets out into the public sphere. Such a beautiful way to put it is really bringing together the media component with the scientific spiritual research components and merging those because we're here in Los Angeles. The show is, the studio is and one of the best North Stars for us here is to really weave in the realizations from spirituality and science into Hollywood. The whole idea of leveraging the clout and the influence that Hollywood has to bring awakening to the matrix. Yeah, absolutely. I think it's time. I think it's been a long time coming. I've seen a lot of people over the past decade or so have these spontaneous awakenings of sorts and the certain awareness that you wouldn't expect from certain people and I feel as though it's even a time for applicability of alleviating disease. So I think it's multi-prong. I think it's important to remember that spirituality is a component of it but I think that we can intertwine functionality that will drive interest from people that might not necessarily have spirituality at the forefront of their minds but they do have a loved one who is suffering from some sort of illness that this research could possibly help reverse or alleviate. Yeah, our friends over at MAPS we've had Rick Doblin on the show several times. Multidisciplinary Association of Psychedelic Studies. What you see repeatedly now is the leveraging entheogens for healing anxiety, depression, PTSD for healing addiction for helping end of life just you'll never get to the end of all of the different ways that the both use of the exogenous substances that create the endogenous upregulation that then creates the union with divinity and also the sort of Wim Hof method style techniques of endogenous creation of setup regulation for those activations of divinity and so you will never come to the end of all these ways to sort of like cut and dice up the ways of science to synthesize of spirituality and to activate these higher states but media really does the sort of like perceptual shift component of it which is so critical to sort of get somebody to go after they watch DMT Quest to basically go well wow the little did I know that we actually have some scientific biomarkers around spiritual awakening and that's and it's not only spiritual awakening to recognizing yourself as the source of infinite creation but it's also recognizing on a awakening side that I have a divine transcendent purpose a north star of why I'm here and to align myself with that that's the self-actualization side along with the self-realization side which are ultimately two sides of the same coin so there's huge practicality and utility with this yeah absolutely and the thing is people need to remember not every mystical experience is going to be full blown interaction with beings or the higher power or words you know you're going to be hearing voices or things of that nature they can be a little bit more subtle so I think part of it is quieting the mind and quieting the lifestyle in certain aspects to realize when these signs are coming to you you know I think that's kind of one thing it's almost like bringing us back to our intuition I think that for whatever reason society has kind of trying to I wouldn't say on purpose but it's just a byproduct of which societies these days is that it kind of has ripped people away from their own intuition their inner knowing their inner self their inner confidence and part of these practices help to realign oneself with you know greater intuition because I think that comes from higher self is intuition I think that's important but there's so much will and choice and sovereignty that is frozen in the matrix scripts and algorithms and slowly as you unfreeze that will you gain more and more spiritual mass and you connect to this higher self and this intuition that channels through that then acts as this guidance in your life yeah absolutely yeah one of the things I wanted to mention real quick was you know Thomas Edison he's one of the most I guess one of the most well known inventors of somewhat modern history is that he actually actively use altered states to tap in to abilities to I guess come up with solutions that he couldn't come in couldn't come up with in his normal baseline consciousness and a lot of people are really aware of that so he had a method to induce hypnagogia in which he would sit in a chair, a rocking chair and kind of just rock back and forth until he fell asleep but he would passively focus on an issue that he was having problems solving and he would hold like two heavy metal balls almost like shot puts and basically he would just rock back and forth until he fell asleep and then the balls would fall on the ground and then they would create a big thud that would wake him up and in many cases he reported that at that moment when he heard the thud that he would have the solution to his problem that he couldn't get during his normal waking consciousness so you know for people looking for applicability or people that known people that have utilized altered states of consciousness in a tangible manner that's just like one example but there's been many luminaries of the past that have been documented to utilize altered states to tap into you know higher abilities I adore that story so much it's one of my favorites I love that one yeah the analysis of this meta pattern of the most genius people that have ever lived is that they very very frequently have used these sort of life hacks or bio hacks to access these states of divinity and creativity and that you almost have to this source of infinite creation leverages this design where we contract our energy into this very finite egoic sense of being and then we have to have the reality designed this way you have to have a process of hiding you can't just birth and know everything and so because of that you have this mechanism and then over time you relax and expand that contracted energy and then you gain more access to creativity and you gain more access to innovation and you gain more access to this higher self and to knowing yourself as just a cameo an appearance of eternity of infinity and blessing the very nature of your own love story and like really radically loving and accepting yourself truly every one of your 30 trillion cells are divine and to especially when you undergo the use of the substances that upregulate these neural correlates of divinity what happens is you are revealed like a rocket that you are divine this is divine yeah now that makes a lot of sense that it wouldn't be fair for us to remember everything from birth and just keep that on what would be the challenge in that right there's a reason why we incarnate on earth and I feel like it's a challenging level of I guess evolution spiritual evolution that's really what it's about at least that's just my perception of everything that I've read and things that I feel in my core I feel like that's what this level is about it's about overcoming the many challenges that we will face when incarnated in this vessel in this lifetime and one of the other things I wanted to touch upon was the fact that back to the whole consciousness coinciding with maybe a magnetic field at its foundation there are concepts like like terminal lucidity at the time of death so you'll have somebody with Alzheimer's in which their brain is essentially very atrophied so it's very disconnected and very shrunken and during terminal lucidity a person will not be able to remember anything about their family or their loved ones for many years possibly and then in the days or minutes leading up to their time of transition then they magically remember everything very lucidly, very clearly and it seems pretty evident that it's not as if their brain was able to regenerate the neurons or regenerate all the neural pathways within that last hour of death right so it's not like the brain was able to open up and then it was able to find the information within the brain so there lies a possibility that at moment of death or during this terminal lucidity that the brain is able to kind of generate a certain electrical oscillation that will couple with the magnetic field to go ahead and recall some of these things you know recall some of the aspects of their life in a very lucid manner so it's just another thing to think about you know when we're talking about you know connecting the divine, our consciousness, magnetic fields, our electrophysiology our biochemical fluctuations these are all things that are taking place all at the same time just at different layers so it's just you know a method of looking at the human experience and physiology that's kind of helped me I feel like kind of get a certain perspective to better understand these strange occurrences yep and in the documentary you guys referenced it as the life review as well so like terminal lucidity is also kind of like what is going on that sort of creates this very NDE style white or slight life review beauty and that's just such a well component to it yeah it's amazing it's amazing this stuff is taking place on a rather consistent basis if you see the surveys especially with nurses not so much with doctors it's probably because they're more reserved than what they can talk about but you know if you look at the surveys of nurses talking about end of life transpiration it seems to be very consistent so there's probably something there that's the thing with I guess my perspective of science is if there's a consistency in something there's probably some aspect of reality that it's meant for that and we don't really hasn't really been tied in with mainstream conversation of transitions and things like that but it doesn't mean it's not real it just needs to be woven into the narrative it could potentially be thought of as the the life review as the sort of giving everything back to source giving everything back to Shunya to the void, to the emptiness and then getting ready for what is the next forgetting and remembering experience to come in service of infinite creation yeah that's definitely possible I think that's probably going to be the science of the future is in terms of mapping that stuff out and actually interacting with the other side I think that's and I don't know how far away that is to be quite honest I think that we have some futuristic thinkers we've been corresponding with so you never know maybe within the next decade we're going to have the next level of science which is interacting with the less physical I wouldn't say the non-physical but the less physical this is a revolution that's coming this decade and the next decade it's the synthesis of science of spirituality another way to think about it it's the synthesis of infinity and infinity so the infinity is the scientific methodological study of the form of this creation and then the infinity is this metaphysical this is the very source of infinite creation that we create as also these witnesses these observers this consciousness is awareness to undergo said process of being just like the dreams the dream analogy is such a salient analogy you go and dream at night when you dream at night you simulate out the observer and the reality and then what happens is there's no separation where's the separation between the tree and the house and the person and you as the observer there's no separation and so very similarly with this we are the manifestation of this creation in its separational ability it's the same seer god looking through your eyes as it is through mine and that's what's meant by this all inclusive awareness all 8 billion of these units having the same in all inclusive shared eternal awareness watching infinite creation of our own manifestation this is what's probably going to be with the next couple of decades is like how do we create the synthesis of science of spirituality and tell this narrative and created in VR pedagogy as well these types of things so yeah that's an amazing time to be alive or to be you know on this side in terms of the earth and human history and things of that nature I think that there's no more exciting time especially if you want to get involved in these sort of discussions and moving the needle and pushing things along I think you know your whole audience is part of that movement so I'm just happy to be able to chat with you about it and just spread the word about you know things that are going on one of the theories that I presented I was going to present it at Terrence McKenna's death anniversary last year Dennis had asked me to present there was a we're undergoing a pull shift this has been this is like mainstream sort of reporting CNN, Fox, NBC we've all been reporting about this pull shift that's been going on over the past I believe five or six years and it's only accelerating so what happens when there's a pull shift the magnetic field of the earth changes it's actually weakening and these fluctuations in the magnetic field of the earth they have they can have an effect on consciousness and while we're not walking around you know on a psychedelic experience like a full blown psychedelic experience completely there is the possibility that we are having our consciousness altered and that this pull shift and the earth's magnetic field changes is coinciding with the awakening that's taking place right now at least that's what Michael Persinger's hypothesis was is that you know the ultra weak magnetic stimulation that he would do on people's brains was up regulating endogenous DMT you know Terrence McKenna one of his theories was a stone 8 theory of evolution in which he believes our ancestors ingested psilocybin mushrooms which led to the growth of the prefrontal cortex which has not really been explained yet by modern science in terms of what was the reason for that jump in the size of the prefrontal cortex and I think that you know the endowasca pull shift theory of evolution is kind of complementary to Terrence's theory is that instead of our ancestors ingesting psilocybin mushrooms I feel as though pull shifts throughout history have induced either up regulation or down regulation of endogenous DMT causing to neurogenesis neuroplastic changes in the brain and I feel like we're in the middle of undergoing that right now Wow I love that one because stone 8 also has scientific even correlates like the fusion of chromosomes 2a and 2b the development of the fox p2 protein so there are these scientific correlates around that as well which is very exciting and I really like the idea of these magnetic pull shifts having to do the very nature of the sun the sun is God the sun powers the energetic secretion that happens on the planet for there to be this process of awareness being an observer of creation with all these appearances of form and experiences and whatnot and so for there to be a magnetic pull shift on the planet with the sun that triggering a neuro chemical up regulation or down regulation of potential stress and up regulation of more peace that is hella cool yeah it's wild and if you look at even some of the plant studies it shows that DMT is upregulated when UV B rays are at their highest and what happens during the pull shift is that the magnetic field of the earth weekends and it actually allows for more UV B rays onto the earth which would point to the possibility that you know that's one of the reasons why endogenous DMT is upregulated during these times is it maybe acts as a neuro protective effect you know as one of the mechanisms but yes an interesting theory interesting conversation and the less for sure yeah I love everything that John is doing I would highly recommend everybody to go and check out dmtquest.org the documentary the link is in the bio and so is the documentary link again it's a movement that will affect everybody you know focusing on discovering innate pathways to unveil the mysteries of human perception and potential so guys support them donate right here the donate button definitely support them in they have you know over 40 research that's going on he's got great blog posts here the advisory panel as well you can go and check out all of this and definitely highly check out the recommend checking out under about the future research as well go and check out everything they have going on that you would be donating to so guys get behind this guys this is it look at all these epic you know subjects dmt could be the missing link across all spirituality you know dmt has the spirit in remembering molecule the key to unlock the matrix the analysis of conscious breathing affecting the central cerebral spinal fluid pulsations that regulate dmt bridging the profound subjective experience with objective biomarkers gamma activation maybe when the easiest noninvasive objective biomarkers and these neural signatures of divinity and quieting the mind to be able to create this union this purification this neurological activation around your calling your very faith is inside you and as said in the sue legend hide it inside it is the last place we will look this has been such an honor john you are an awesome soul an awesome contributor to this planetary awakening and we are super grateful that you came on the show to talk to us thanks for having me man I feel like I'm just doing my job and I'm just having fun with the journey and connecting with people like you and your audience and just everybody out there who's about this movement you know about not just dmt quest but just about the human potential and kind of remembering who we are and just finding peace within ourselves so we can you know spread that out to other people as well you know I think that's super important especially in these weird times so just thanks for having me on I really appreciate this discussion with you likewise we're we're honored to have hosted you and we hope that the take away one of the main ones for the audiences not only tap inward to this inner kingdom of God that's already within you but also support the research of dmt as one of the main ways for us to synthesize spirituality with science it's so beautiful and again dmtquest.org the links in the bio below check it out if the video brought you guys value give it a like it helps the algorithms also subscribe if you haven't yet to the channel comment below with your thoughts we would love to hear from you and share the video with those that you feel like this would resonate with especially those that are in this matrix layer that are looking for this objective scientific biomarker to get them to open up to that heart chakra more and more yeah right on thanks so much for having me on man hopefully we can when the second episode comes out I'll come back on we would love that when when is when are we looking for the second episode approximately to be quite honest it looks like it's going to be out in the fall I mean we still need to do a little bit more research in terms of to add it into the documentary so we're kind of waiting on that and a few other things but yeah most likely in the fall of 2021 episode 2 will be out epic and that's going to be DMT quest episode 2 absolutely awesome awesome this we're so jacked hit the donate button on DMT quest let's get this done okay we love you we adore you so much thanks for tuning in I'll go ahead and end the broadcast and we'll stick in the studio for a minute right on bye guys see ya


QuickBooks Online 2023. Purchase and finance equipment. Get ready to start moving on up with QuickBooks Online 2023. Here we are in our Get Great Guitars practice file. We started up in a prior presentation using the 30-day free trial. We also have opened the free QuickBooks Online sample company. If you want the two open at the same time, we suggest using Incognito or another browser. You can open Incognito window if using Google Chrome by selecting the three dots in the browser. Incognito mode typing into the search engine QuickBooks Online Test Drive. We're going to use the Incognito sample company to compare the accounting view, the view that Get Great Guitars is in, and the business view, the one the sample company is in. If you want to toggle between the two, select the cog up top and switch the view down below. Let's open up a couple of tabs to put reports in like we do every time. We're going to right click on the tab up top so we can duplicate it. And then we're going to do that again, right click on the tab up top so we can duplicate the duplication process. Back to the tab in the middle, going down to the reports on the left. And then open it up one of the favors like we do every time the financial report, the balance sheet, where's that located in the business view, those reports you might ask. They're in the business overview section on the left and then the reports. Then we're going to tab to the right support accounting instruction by clicking the link below, giving you a free month membership to all of the content on our website broken out by category further broken out by course. Each course then organized in a logical reasonable fashion, making it much more easy to find what you need than can be done on a YouTube page. We also include added resources such as Excel practice problems, PDF files and more like QuickBooks backup files when applicable. So once again, click the link below for a free month membership to our website and all the content on it. Open up the reports on the left hand side and then take a look at the P to the L the profit to the loss report. The other favorite close up the hand buggy and then change that range from<PHONE_NUMBER>823. And then we'll go from total to the months so we can see the months on a side by side. We've got Jan, we've got Feb, we've got the total back to the tab to the left closing up the buggy and then change that range. You change that range<PHONE_NUMBER>823 and then run it changing with authority here. Okay, so that's the setup process we do every time. Now we're going to go to another transaction that isn't normally a day to day type of transaction and one which therefore there's not a standard form for. So in other words, remember the general process whenever doing a data entry type of activity. We're going to look through our forms up top and the day to day forms are going to be in this plus button and under the cycle customer cycle vendor cycle and employee cycle. But sometimes we might have a transaction that doesn't happen on a day to day basis and therefore there might not be a form for it. What do we do then we fall back to the question of generally is cash affected. If cash is going up, we might use a deposit form if cash is going down, we might use an expense or check form. If there's no cash impacted and it's not a day to day transaction, then and only then generally do we go to the general the journal entry entering debits and credits. That's difficult for somebody that we learned accounting in a textbook to do because when you learn in a textbook all you learn is debits and credits and you want to do everything with the journal entry. But if you try to do everything with a journal entry, you don't get that nice linkages between the forms that you can be tracking such as an invoice or receive payment such as a bill and a pay bill form such as the purchase order and the bill forms and whatnot that you get when you use the forms in the system. So that everything has a journal entry, but we want to use the forms that are designed in the system because that helps us better track and communicate with information's not just create the end result being the financial statements balance sheet and the income statement which are constructed with the journal entries. This time, we're thinking about the purchase of equipment, but we're going to finance it. So you would think, okay, purchase of equipment. Well, it's a purchase. So, so maybe that would be like in the vendor cycle here, but it's not a day to day purchase. It's not like a utility bill or a telephone bill or something that happens on a monthly basis. We only purchase large pieces of equipment from time to time. And so you don't have a form designated just for that. And so you might think, well, then if cash is affected, then I can use an expense form or check form, even though it's going to be for an asset account. But if we financed the purchase of equipment, took a loan out for it in other words, then now I can't use the cash form and now I have to default basically to the journal entry to enter that transaction as the general idea. So one more recap on the purchase of equipment and how it differs from other purchases. Normally, if we have normal transactions for the phone bill, the utility bills, supplies and whatnot, usually we just pay for those with cash or we enter a bill into the system. Cash goes down or accounts payable goes up. And then the other side is going to go to the income statement, which is going to be an expense because we incurred the expense we used it at that point in time. Now, if you're on a cash based system, then then you're going to try to have everything on a cash based system to the point that you can. But some things you're going to have to steal, even if you're on a cash based system is the point, move away from a cash based system. If there's an extreme difference between the time that you actually use whatever you're purchasing to generate revenue in the business, which is the goal of the business versus when you paid for it. That means if we're going to these, these fixed assets, which are going to be here property, plants and equipment, building machinery and equipment, then you're going to have to then put it on the books as an asset when you buy it, which is an accrual thing. And the tax code, if nothing else will force you to do that. So even a cash based system will typically still be forced to kind of do that. Whatever we record something in the fixed assets, we want to make sure that we track all the data to the best of our ability so that we can give that information to the tax preparer at the end of the day. So we're going to give them possibly the detail in these accounts to see what was purchased, what was disposed of so that they can create the sub ledger with it, which is often done in the tax software rather than in QuickBooks. So we can get the depreciation schedules. So in other words, it's kind of like inventory here that we put the inventory on the books when we buy it, and then we expense it when we consume it. Same concept here, we're going to put the equipment on the books when we buy it, and then we're going to allocate the cost over the useful life, the theory being when we consume it. However, because that's just an estimate, that's why we use this separate account instead of decreasing the account directly as we do with inventory. We're going to make this other account, which is a contra asset account, so that we can see how much has been allocated, and we can see the book value, which is the difference between the two. Also, just realize that whenever we're dealing with the fixed assets, you want to be able to line up to whatever you're going to use for the sub ledger that's going to be calculating the accumulated depreciation often done with tax software. So you might want to talk to your accountant to see what format or categories their tax software uses for property plants and equipment so that you can name yours in a similar fashion, making it easy to do adjusting entries at the end of the month or year. So for example, this is kind of a quick little look at a depreciation schedule showing all the things that were purchased, the date of the purchase and how much it costs, and then a depreciation calculation. Now, the other problem is you've got differences between tax depreciation and book depreciation. Tax software can usually calculate both of those things. So you might want to discuss how exactly you're going to deal with fixed assets and recording the depreciation, book basis, tax basis, adjusting entries. Are you going to do it? Are your accountant going to do it? How are you going to deal with those things? You probably want to talk those over with your accountant. So given that then we're going to enter this into the system. Now, even if you paid cash for it, you'd still have to put it on the books as a fixed asset. But in this case, we're not paying cash for it, which means we're going to finance the equipment. So that's why we have to enter a journal entry. Because there's only two accounts impacted, then we might be able to not just go directly to the journal form here, but use the registers to enter the journal entry, which is kind of nice system. You don't have to use that system. You can just enter a journal entry, but I'm going to use the registers because QuickBooks is kind of designed to use the registers when you can. And I think it's a useful tool for some people. And then down here, I just note that we have a liabilities down here is going to be our loan. So we're going to have another loan that we're going to be putting on the books that also causes us some issues. Do we want the loan in one account having two loans then in one account? Or do we want to break out the loan in two accounts? What about whether it's a short term loan or a long term loan? And my general policy on that would be I would rather have like a parent account called loan payable that I can collapse to one account if necessary, and then break out each loan into its own account so I can tie out to the amortization table related to it, and then collapse it into one account if I want external reporting. And I'm not going to break out between short term and long term portion because I want to do that periodically at the end of the month or year for financial reporting purposes, which we will talk more about in the adjusting entry process in a future course or section. All right, so that said, let's go to the tab to the left. I'm going to try to organize my my loans first and then we'll try to enter this. We're going to go into the chart of accounts, my accounts on the left. And that's my accountant accounting on the left and then the chart of accounts. And then where's that located under the business view? You might ask it's under the bookkeeping the bookkeeping and then the chart of accounts. So there we have that hold on a sec. That's not where it's at. It's under that's right. It's under the bookkeeping and then and then it went up here to the transactions, but we want the chart of accounts and then the chart of accounts. That's where it's at. And then you have to hit the chart of accounts. Okay, so there it is in that view. All right, so I'm going to close this up. I'm going to look at my loans down here and I'm going to try to fix up my loan payables before we enter the transaction. So the loans are down here in other current liabilities. There's my loan payable account. I would like to make a parent account called loan payables and then make this a sub account of it. Now I have a problem because I called this one just a generic loan payable account. And I would like to give it a more specific name such as the loan, like the name of the institution, the financial institution and possibly the last four digits of the loan number. So I'm going to first change this one. I'm just going to change the name of it. So let's go into the drop down edit.  Let's say the name though, I want to change the name. I want to change to I'm going to call it B B of a that's Bank of America loan. And I'm going to pretend I had the last four digits of the loan number so that if I had multiple loans from the same institution, then that will help me to differentiate one loan from another loan. So I'm going to save that and then I'm going to make a generic loan payable, which is going to be a parent account that I want to put the other two. As sub accounts underneath. So I'm going to make a new one. I'm going to call it a liability account liability account. It's going to be a current liability account. And I'm just going to give it the generic name of loan payable again loan payable. I had to do that this way so I so I can have the parent account that I didn't post anything to here. So I'm going to say loan payable. And I think that looks good. No description. I'm just going to say that looks good. Let's save it. Okay. So now we've got our loan payable account down here in the payable section. We should have an other there's this one and there's my loan payable. Now I'm going to make the B of a account a subsidiary of the loan payable. So I'm going to go into here, drop down, edit it. And I want to make it subsidiary to the loan payable. So I'm just going to change it right here, make it a sub to the loan payable. It's kind of funny when you go into the chart of accounts, they have like a different layout than when you add an account when you're doing the data input. We'll see if they stick with that system. I mean, I'm not quite used to this layout as much as the other, but it works. So it's a little bit different. It's got a pros and cons. I won't sit here and bad mouth it, but I'm not as used to it as the other one. I'll say that much, but it's still not bad. I guess I'm going to add a new account then for the new loan. And this one I'm going to say is a liability and it's going to be a sub account of the loan payable again.  Actually, I chase loan. I think I want to switch the name. I want this one to be the B of a B of a loan 557. Let's say, let's say B of a loan 2791. Let's say I'm going to change the other one back to chase just to differentiate it. Not that it matters. So, but if it was the same institution, I can differentiate the loan by the last four digits of the loan number. So let's do that. And then this one, the last one I did, the one that already has money in it, I'm just going to make that one. I'm going to change it again to chase bank because I think that's what our story was saying before. You're making your stories not making sense. Because you said you got the loan from Chase Bank. Okay, so there it goes. So let's do that. So now I'm going to record the transaction and I wanted to increase the loan. We're going to finance the loan here and the other side is going to go into the fixed asset account. Now the registers, remember that the register is the thing that many people are used to using with like the checking account. And they've seen this like register format, which looks like the old check checkbook registers. You can have a register for any balance sheet account. However, so if you need to enter a journal entry, sometimes the best way to do it or an easy way to do it is to use the register. Because you can still think of it as increases and decreases a little bit more easily sometimes rather than dealing with the debits and credits. So if I scroll down, you got a register for all the balance sheet accounts. Now I can choose either of the accounts involved because neither of them are income statement accounts. I need to choose a balance sheet account to work so I can go into either the loan payable balance sheet account or I can go into the equipment. I think it's usually easier to think about the thing that you're purchasing oftentimes. So I'm going to go into the furniture and equipment account, the asset account and say that let's go into there and show the increase in it that for the purchase of the equipment that we financed. So I'm going to edit it. I'm not going to edit it. I'm going to go into the register. And then in the dropdown, notice the only forms I have here for transfer or journal entry. We're going to use a journal entry, even though we're entering it in like a register format. So that's going to be that. I'm just going to say that it's going to be on let's say 022723 and journal entry number. That's fine. And then I'm just going to say it's for Bay B of a Bank of America. I'm going to add Bank of America. I'm going to say that it's going to be a vendor. I even know it's not really either because it's a bank that's financing us. So it's not like we're buying it from B of a, but if those are our choices, I'll do that. I'll stay alone for purchase of equipment. You might want to be more detailed in the memo as detailed as we can be because we want to know exactly what we purchased so that our accountant can put it on the amortization schedule as detailed as possible so that in the future when we sell it, we can determine what thing we sold. Not all of people do that are very specific and if you're not, it's one of those things that's not a big deal in the year that you buy it. You won't have a problem. It's going to be an increase by the way. It's going to be a problem in the year that you dispose or sell it and you don't know what you actually dispose on. You can't tie out what you disposed of to the amortization schedule or they're grouped together in like a package of like 20 computers and you just sold one of them or something or 20 forklifts on one line. You don't want that. You want them broken out so that when you sell them, you can see which one you sold and do the proper accounting at that time. So the other side is going to go to the Bank of America B of A, the loan account. There it is picking that one up. What happened? It's going to go to the loan, let's say loan payable B of A. That's the one I want. Okay. I think they got it. So that's it. So that's the one. Let's go ahead and save it. What's this going to do? It's going to increase the equipment. The other side is going to go to the loan. Let's save it and see if that is indeed the case. We're going to go back on over here and we'll run it. Run it and then down below. Nothing happened to the cash, but we have the furniture and equipment go up. So if I go into that, notice we've entered two months of data input, very little activity in the furniture and equipment account. That's what's going to happen in fixed assets. That's a good thing because it allows you then to give that detailed information that those few purchases and disposals if you had any to your accountant so that they can then populate those into the tax software producing the amortization schedules and hopefully being able to help you or make any of the adjusting entries for accumulated depreciation. But when you give them this information, you might give them the sub ledger and you might want more detail than just it was a journal entry. You want something more like this, right? I got sofas. I got chairs. I got office equipment. I bought three forklifts or whatever. Here are the numbers of them. Here's how I can tie out what's on this schedule exactly to what's on my books. Not because it's a problem for me to figure out this year's taxes, but because it will be a problem if I can't figure it out in future years when I dispose of or sell of one piece of equipment. Okay, I've emphasized that enough, but still it's kind of annoying when that when you hit it could cause problems. Okay, so I'm saying. And then down here we've got this collapsing of the loans payable can be collapsed to one for external reporting. Then we've got our two loans broken out in here, which is great. And we can break out the short term and long term portion according to the amortization schedules periodically at the end of the month or year and then reverse the entries back into one account. So that it's easier for bookkeeping, which will do in future courses or sections on the adjusting entry process. So that looks good. If I go into that, it's a journal entry entered with a journal entry. If I go into the actual journal entry doesn't take us to the register that we use to do the entry, but it gives us the debits and credits, the journal form, the default form, the last form to fall back on for QuickBooks if no other form will fit. Closing this back out and scrolling back up and back to the report. Nothing happened to the income statement. When will stuff happen to the income statement? Why didn't anything happen to the income statement? Is it because we didn't pay cash? No, even if we paid cash, nothing would have happened to the income statement. When is stuff going to happen to the income statement when we depreciate the equipment allocating the cost to the period in time that we used it in order to generate revenue in accordance with the accrual matching principles. It's just an estimate. However, it's not a perfect thing. That's why we use depreciation instead of like equipment expense. All right, let's look at the trustee trial balance and see where we're at at this point. I'm going to duplicate the tab. We're going to go to the reports on the left hand side on the left hand. So if you hold up your left hand, it's right next to where your left hand is.  And then we're going to go down and we're going to type in trial balance here. Trial balance. The balance is once again on trial. Your balance is on trial. Let's see if it passes the trial. The jury's not fair. That's okay. We'll see anyways. All right, so then we're going to say this is it. If your numbers tie out to what we have. Nice. We're on the same page. If not, try extending the date ranges. Sometimes it's a date issue. You could then change the dates, which is great for a practice problem, but be careful doing that in practice at the end of the month of data input. We'll do some transaction detail reports to further drill down on any differences.


my own self in. Thanks. What is up, everyone? I hope you guys are having an awesome day. We are. I'm looking for a Tweezy, so, in momento. Here's one from, so let me make sure something. Oh yeah, there it is. What's up, Lisa? How are you today? Hello, Sophia. How are you guys? I'm just trying to set up my this so I can see what y'all are talking about. Hey, Marcy, hey, TeeGee. How are y'all doing today? I gelled up a gold a little bit, but I like the gray. That's shiny. That looks so fun. Smubby. Looks okay. So, I appreciate you guys more in here. Hey, Kim, Shelley, Mike, Pamela, other Shelley. So, oh, thank you. That one I did actually this morning. Is that the new one? Yeah. So, I made it a little more rounder, took this, moved it, and then shrunk it a little bit so that there would be more space. More surface area? No, this one is, I did this one this morning to try to get a handle on what one of the clients that wanted all those marble pieces. Yeah, I wouldn't have gone live, but I was very concerned about nailing the piece and I still considered this a failed it in terms of the reference photo. But if you guys want me to do more ink stuff, I will do more ink stuff with y'all. So, this is Jeff's new shape for the Freeform Geos. I started peeling this off and then I thought, what if there's someone that hasn't seen these before? So, we have these on our website, artisthold.com. Happens to be on our handy-dady gloves, that I am. And so it comes with this paper on both sides. It's not actually brown. And you just peel off one side and then you can paint it or pour on it or do whatever it is that you do on it. And then after it's cured you, or dry, or whatever it is that you do, once it's set, you just peel off the other side and there's no cleanup and that, my friends, is what life is about. No cleanup. I didn't know that I would value that as much as an adult. I used that term loosely. But yeah, the idea of no cleanup, take all my money. So, today I'm going to do inks for you guys on this new shape and what I'm going to be using I believe, PBJ71 Joe and everyone else. If you're new, what's up? Welcome. I'm Erica, Jeff's over yonder and Bowie, the studio pop is a begging tutor for a French fry. Be what size are these? I'll give the size measurement in a moment. But we're artists till death.  Usually at six central, I'm really today. Except for on Tuesdays, it's at two p.m. central. It's usually resin. It's always art and it's always a good time. So, welcome. If you haven't subscribed, please do so. If you have subscribed, just double check, make sure because YouTube likes to unsub people for my channel, which is so rude, but it is what it is. Hello, Teresa. Thank you for the reminder to hit the like, share, comment, and subscribe panel. I just realized that I need a brown. So, I'm over in my, maybe I don't need a brown. Let's just do dark gray. How about that? Cool. I agree. There's need above it. So, I'm gonna use natural gray that has a brown tones to it anyways. And this will be my outside edge.  That looks so fun. I can't, I've from Fort Worth, that's not far. These are laser cut, but we do also make them ourselves with a laser. First things first, you gotta mix up. Kim, as soon as Jeff comes from wherever he is, I'll let you know what size this is. So, this gold is from Jacquard. And it's my favorite gold to use. The color is maybe a mystery. No, rich gold. I've had this one for quite a while. It's gotten a lot of uses out of it. First thing, I want to make my outside edge dark. In theory, it's a rock edge, right? Yeah, no, yeah. I'm using 91% alcohol. You can use any percent. I prefer higher percent, because it'll evaporate faster. And your inks, in my opinion, will flow better, because I'm not sure, but I'm pretty sure that the lower the percent of alcohol, that that means it's a higher percent of like water. And you risk some coagulation when you have too high of a percent of water. Cool, cool, cool. Tight, tight, tight. I'm gonna drop some gold in. Just randomly. Oh, I bet it was beautiful, TG. What's up, Sue? Oh, you collect rocks? Then I could be wrong. So you tell me if I'm right. So I'm just gonna brush through some of those gold drippy drops. It's a technical term. Just to get those flowing in with my first color put down. I also like to drip on some alcohol just for some more random movement. I'm gonna try to clean this edge up a bit. But dipping my brush in alcohol before I do this will create kind of a pushback of the colorants. Sweet, now we have our rock edge. I'll give you guys a close up. And it's gonna change and move a bit. And that's fine. I am planning for that. So I pulled some blues and teals for the colors for this. See, that might be too bright of a blue, but we'll see.  Okay. Ready up? Oops, a big boy. Christine, that sounds beautiful. So this blue is called Persian blue from Zig. This is Copic Petroleum Blue BG-07. Sorry about all the racket. My windows are open because alcohol. And this is Copic Aqua BG-15. I'm also gonna use a Marabou's rainbow because it's amazing. This is another one you have to shake basically before every use. So just know that that's a thing. All right, so I'm gonna work a dark color in word. So I'm going to put a blue here. Then, oops, that middle tone blue for the petroleum. And then some of the Aqua. In between all that, I need to do another round of the dark color with some of the gold. Marabou's getting everywhere. So don't put Marabou down until you're ready to use it because it'll kind of dry and stick because it's got a bonding, some kind of bonding situation in it so that the sparkles don't kind of float away once the alcohol dries. So wherever you put that Marabou, you gotta move quickly. And I'm just gonna kind of be half on my first line and then half not in my first line with every pass so that we get that layered movement. The gold is rich gold from Jacquard. If you like alcohol inks, these boards are great for that because you don't have to prep them. It's like putting ink on, what's that, Tudor? The what size is this? Is it 15? 18. It's 18. I'm working my way in. What if, I just thought about this. What if you... I think if you did that, the vamp may be here but she was here all day today helping me out so she may be a little tired. Dropping some alcohol down so it reactivates our browns. Dabbing off the color after the pass is where I don't want to continue moving that color. Since I started in on this greeny aqua color, kind of dipped off the brush, may not look like the cutest colors right now because it's got that brown paper on the back but just you wait. You won't have to wait long. I'm almost at the center part. We're gonna do a little bit more of this lighter blue color. Hi, Imakate, how are you? Yep, there's vamp. I don't want too much of the dark blue so after each pass, I'm cleaning off the brush a bit. Also, I'm alternating which side coming on. I feel like I need... Maybe I'll just do only marabou. No, I'm not gonna do only marabou, that would be crazy. Let's do this medium tone blue. The petroleum, if you will. Tudor, maybe it needs some gold as well. Aqua, sweet. Now let's dry this off. I'm just gonna use a heat gun. You can use an embossing gun. I'm just using a low heat because I doubt this piece will warp with heat but I'm not trying to test it. And since it's 91% alcohol, it's gonna evaporate fairly quickly. Oh, he's good. He is sitting right here next to me. Okay, oh, okay. Now, should I do some more stuff now?  I'm going to make this one matte. So if you were gonna resin this, you would not peel this off right now. You would wait and peel it after you resin cured. Thank you for the thumbs, everyone. You can already tell I'm gonna wanna add glitter glass to this because why? Because glitter glass is light. It is my personal opinion. Glitter glass belongs on every geode. I still wanna say geoid, but geode. Every geode deserves glitter glass. So it looks fun and delicate from the, okay. It looks fun from the back. No one, nobody. Can we give me a piece of paper? Yeah, like this, like a, and I'll just flip this over. It's okay, I just flipped this over. I don't need that paper. I just need to see what this looks like. Glitter glass is love, fact, all fact. Loving it. Okay, okay, oh. Okay, ooh, should we add some of the new super glitter? I think so, let me go get it. So this is gonna end up getting everywhere on this piece because it's fresh. Let's go ahead and seal it, actually. If I were UV archival, where would I be? Right there. Come here, Bo. You need to stand upwind of this stuff. There you go, you look beautiful, good job. So I'm using UV archival from Krylon and Matt. Matt is very important because the gloss version and the satin and all that have alcohol in it. So if you were to spray it, it would reactivate your, something, your ink. So this is gonna act as a sealant. In case someone has this displayed and then they do something crazy, like drop ever clear on it. Glitter glass doesn't play. It is beautiful, but it's glass. So if you don't respect the glitter glass, it will bite you. Just a little heads up there because I learned the hard way. I have a verge for the primus house paint. Can I go and cut it now or resin first? You'll get better results if you put a coat of resin down first and let it cure for a few days. If you work quickly with inks, you could use gloss spray paint. Make sure that dries for a day at least. Maui, if you're really good with, I think it was Tudor. I know, I think he touched a box that sounded like he was knocking. If you're really good with spray gesso, use spray gesso and sand with 400. Couple coats. Thank you for tuning in, Tom. Yeah, you could totally do foil behind it unless you really like that side instead of this side. All right, Deb Tucker. This is not a mold. This is a freeform geode shape that is cut from cast acrylic and you can get them on our website in this exact shape. I don't know if I have this shape currently posted. Seems like they're fairly dry. So we're gonna use our super ultra awesome rainbow halo glitter, a.k.a. oak lawn. Oh, it does kind of look like the outer edge is variegated gold leaf, but it's not. It is alcohol ink sorcery. All right, let me see if my sticky pin works. Looks like it currently is working. So where do we wanna add our oak lawn glitter? I think for sure around the center. I like using that matte archival spray on inks when it's on something like this cast acrylic because then it just looks frosted and I love a frosted glass look. Maybe it's just me and that's fine, but sticky pin, check. I'm gonna bring you guys down a bit, turn the flash on so we can see what we're doing. Now I need my this and a something. A this, this looks good. Hello, hello, hello everyone. Just dust this in here. I love this glitter so much. And if you are new here, you may not know that this is the best glitter on the earth. It lays in perfect rainbow shape. Don't know how, don't ask me, I don't understand the sorcery. However, I know that it's a thing. It's actually a glitter powder. I have discovered and I didn't know that that was a thing. Turns out it's a thing. It doesn't take much, it's the same jar I've been using since when I first discovered this stuff was a thing. You guys see how it kind of lays in a rainbow? It's like green, blue on one side of it. But the rainbow moves, look at that. You guys ever watched the show How It's Made? I want them to do this glitter on How It's Made. I don't care about sprockets and those things. I wanna know how this is made. Why does it work? No one knows. I mean, I'm sure someone knows, I don't know. But I'm gonna dust this glitter out just a little bit so it doesn't look like it's a hard stop. I feel like it needs to be somewhere else as well. I'm gonna use this skinnier sticky pen or a glue gel pen if it'll work. We'll see if it works. We'll see, I guess. Looks like it's gonna work. Let's see. Hi, Betty. I'm leaving for the beach tomorrow. I'm jealous, hope you have an awesome time. Listen, I'm a waste not want not type of gal so I'm just trying to pick up some of this. It doesn't look like I have that much in there. So if I had patience, I could have waited a bit longer to add this glitter where the substrate itself wouldn't be quite so tacky and my lines would be cleaner. But I don't have patience, especially not when it comes to glitter because glitter is what, always an option. This line may be so fine that it's not even noticeable but we'll know. It's gonna end up being an all over kind of sparkle and that's okay. Trying to dust all the excess off.  We got that fine line of rainbow there. How, how does it work? Someone tell me science stuff. It's like a little rainbow caterpillar. So nice. So you can get that glitter on my website as well or just fill that down. Should we do another line? Oh, hello, hello. Right, the sparkle all over, totally cool. And my Kate, I believe it is makeup grade because of the particle size. You would just have to have a really awesome eyeshadow primer to get it to look even, which isn't like impossible to get a good eyeshadow primer. Okay, we'll do one more line. I think I'm gonna bring one out here through this bit. Try to charge my sticky pin real quick. We'll have that one and then follow it up with a fine line. Trying to kind of look at the line from the side. So I can see where it is. Thank you, Gail, thank you, Deb. All right, got a little bit more sparkle. I'm tapping it on instead of brushing it on since I'm kind of rushing the adhesive that I'm using.  So if you're impatient, just use the dab technique unless you like swipey lines. And in that case, do you. Once you have it all covered, then you can kind of burnish. I don't know if that's the appropriate word. I'm not gonna say rub it in because that's one reason. Make sure, make sure. So once you kind of think that your glitter is set on your adhesive, you can dust the rest of it away. Sticky pens tend to dry more quickly than like typical sizing. So I use those a lot. There you have it. If Elsa was a geode and she wanted you to let it go, she would look like this. And you know how it works. Let's be honest, I could have probably done a geo that was just all oak lawn glitter and it would, I would probably still like it. Thank you, Deb Tucker. So now my follow-up question is, how come it reflects always in a rainbow? So I just get my sticky pens from Amazon. If you look down in the description box, you'll see an Amazon link. That is my affiliate link with Amazon. And I have them listed and there should be. Well, Anna Kate, I hope I have inspired you as always. I hope that I've inspired you, educated you or entertained you for the time that you are with me. And I hope you get out there and try this out. I don't know if this shape of geode is on the website yet, but I don't, because I think all that's on there is the, I have 18 inch ones on there, but they're the longer ones instead of the more round ones. So I hope you enjoyed it. If you enjoyed the video, share it. If you didn't enjoy it, share it with people that you don't like through in their day. And as always, I'll give you guys some bowie bows. Hi, bubbo, what are you doing?   Oh, okay, okay.  Mama knows, I know. Oh, okay.  Come on. That's Bowie's Beyonce fan. He loves to stand in front of it. That's where he is all day, every day of the days. And yeah, thank you guys so so much for watching. What I'm up to today. I will be at Rhonda's this weekend. So the lives will be dictated by Jeffrey unless Rhonda somehow gets a magic, something that makes her wifi better. I got Tudor here, putting orders out. I got some fire sale orders out today. If yours hasn't shipped yet, it will be going out. Super ASAP, so apologies for the delay on that. We've been hella busy. My pleasure, Shane. I will try to go live with Rhonda. Ooh, I would love to go live on my channel with Rhonda while I'm down there. So I'll try to make that happen. So y'all are awesome. We love you guys so so much. Be kind to one another. You never know what someone's going through. Y'all are amazing. And we'll see you guys on the next video. Bye. Bowie, did you say bye? Bo-bo, hey, did you say bye? No, you just want to keep your butt in the fan. It's cool, it's cool.


I just I want to dedicate this to all the people that call the police on me when I was outside just trying to hustle to make some money Feed my daughter. I never thought that hip hop would take you this far. Hey We're it wrong say You can't never forget about little brother them Don't don't ever forget about little brother them and all the kids watching this.   They're for the streets, bro.


Recall that the present value is the value of an asset is worth in today's dollars. There are three ways to solve for present value, using time value of money tables, using a financial calculator, or using Excel, which is the most common way. This video will show you how to calculate present value using time value of money tables. The formula to calculate present value is to take a future value amount and multiply it by the present value factor from the proper present value table. There are two tables we will learn about in this video. The first is a present value of a dollar, or sometimes called a single amount. This is used when we have a one-time non-reoccurring amount. The other is the present value of an annuity. This is for amounts that are reoccurring like annual interest payments. So let's look at a couple of different scenarios, and I'll show you how to solve them using the tables. For example, a $10,000 notes receivable do in two years at 5%. We know the future value is $10,000. Let's see what that is worth in today's dollars. And we'll do a $10,000 notes receivable do in three years at 12% compounded semi-annually. When we compound something semi-annually, we divide the interest rate by 2, and we multiply the number of periods by 2. We need to use the formula, which in this case is 10,000 times the present value factor of a dollar at 5% interest for two periods. So I've identified 5% in two periods on the table. Where they intersect is the present value factor of 0.907. So the present value of $10,000 do in two years at 5% interest is $9,070. For this next scenario, I need to convert the interest in the number of periods to match the semi-annual compounding. So I divide the 12% interest rate by 2 and multiply the 3 years times 2 to get 6% semi-annual interest and 6 semi-annual interest periods. Back to the table, still using the present value of a dollar because this is a one-time amount, I identify 6% interest and 6 periods. They intersect at the present value factor 0.705. So the present value of $10,000 do in three years at 12% semi-annual compounded interest is $7,050. Let's do one more example with the table only. This time we'll use the annuity table. What is the present value of $50,000 for 20 years at 6% interest? The formula for present value equals $50,000 times the present value factor of an annuity at 6% interest and 20 periods. I've identified 6% and 20 periods on the present value of annuity table. Where they intersect is the present value factor of 11.470. So the present value of $50,000 for 20 years at 6% is $573,500.