You go for an education loan. The bank is charging you 11 to 12 percent. But RBI report says that there are 599 corporates with loan outstanding more than 100 crores each. Their rate of interest is less than 5 percent. So you are affecting the ordinary depositors one side and the small borrowers, education loans, SME borrowers. They are being charged more to show that the income is more for the bank. Narendra Modi government has always prided itself on what it calls massive achievements of milestones in the banking sector. Now if you remember bringing back black money was an integral part of the 2014 campaign. Later after Jan Dhan accounts were introduced, the Prime Minister, many of his cabinet colleagues kept insisting how this step was a milestone. They brought many other policies over the years as well and according to them the banking sector in India is now at its best after years or maybe even decades of corruption. But is this really the case? To understand this we have with us somebody who has been studying the banking sector, who has been working in the banking sector for many, many decades. We have with us Thomas Franco, former general secretary of the all India bank offices, confederation and convenience of citizens first. Thank you so much for joining us. You recently wrote an article which in some sense seeks to bust many of these myths about a banking sector which is now different from what it was all these years. According to the government this is an efficient banking sector, this is an accessible banking sector. It is truly fulfilling the needs of the people. So before we go into some of those specifics, how would you respond to these claims? First of all, the amount of loans written off. In the last 10 years it is more than 15 lakh crores. The last 5 years alone it is more than 10 lakh crores. After writing off so much, how do you climb that the banking sector is doing well? The non-performing assets is a cycle. Now they are hiding the non-performing assets by reintroducing some of the schemes which were taken off by the Reserve Bank of India like restructuring of assets. So large number of loans are kept hidden which once again will turn up as non-performing assets soon. Secondly, in spite of so much of write off, how these banks are making profit? Huge profit. That is because of the income and from the difference between the deposits and advances. Just an example of State Bank's 2023 results. Their cost of deposit is only 3.7% and yield on advances is 7%. Now if the cost of deposit is 3.7%, what does this mean? The ordinary depositors they are getting very little interest. There was a time banks were paying even up to 14% interest on the VIXA deposits. Now it is average 6, 7%. So you are taking money from these small depositors lending it to the corporate's chief. But at the cost of the depositor who is earning very meager income. Current account there is no interest. And every NGO, every company has to compulsorily have only current account. Savings deposits, 4% interest. So actually this income should have gone to the depositors. Secondly, the cost of loans. You go for an education loan. The bank is charging you 11% to 12%. But RBI report says that there are 599 corporate's with loan outstanding more than 100 crores each. Their rate of interest is less than 5%. So you are affecting the ordinary depositors one side. And the small borrowers, education loans, SME borrowers. They are being charged more to show that the income is more for the bank. And again if you see the income of State Bank of India. A bank is supposed to collect opposites and lend. The major income should come from the loans. Now the result says that only 6% of the income is shown as other income. Maybe service charges, maybe inspection charges. Some amount invested outside. Earlier banks used to lend almost 95% of the deposits as loan. Now State Bank's credit deposit ratio is only 73%. That means you are giving this money as deposits somewhere else to end some income instead of giving more loans. And such a huge bank with 44 lakh depositors. The number of SME accounts is only 19 lakhs. Where is the 43 crore and 19 lakhs. And Modiji has climbed that we have done so much for SMEs. SMEs are suffering a lot. Then if you see the loans under the government's financial scheme. In the last 7 years 43 crore entrepreneurs have been given loan under the Mudra loans scheme. The number of households in the country is almost same. If there are so many enterprises where do you see those enterprises in the country? How many of them are surviving? They are all going to become non-performing assets. Only advantage is that now there is a credit guarantee scheme. So out of the loan given 75% if it is not a quick mortality. That is if it does not go bad quickly the banks will get some recovery from the insurance company. Not from the borrower. And the economic situation is not conducive for the growth of the small entrepreneurs. You were mentioning about the Jan Dhan account. The first year when just 10 crore new accounts were opened under the Jan Dhan scheme. The Prime Minister himself announced that 99% of the population has been already covered under the bank accounts. Now they claim that we have 50 crore Jan Dhan accounts. So where from they came? It is all just reporting. Every new account which is opened, whether the first follow has already an account or not. Or maybe in some other bank. It is all shown as Jan Dhan account. And due to minimum balance charges, number of accounts are getting closed. So this is not an achievement in the banking sector as claimed. And Mr Modi has also mentioned about scams that there were a lot of scams. Also I think the claims of returning of black money from abroad which is the biggest promise in fact. I think that is the campaign promise that resonated the most. One of the ones that resonated the most in 2014. Yes, but that is I can say it is a fraud on the FIFA. There was also a promise of giving 15 lakh per head out of the black money which will be given. 2016 monetization. Everything came back. We don't know where is that black money. And people were affected and that affected the economy. It affected the MSMEs. And many of them have not recovered back. So it is the black money demonetization has been really a fraud on the people. And nothing has been achieved out of that. So now coming back to this MSMEs and other loans. Again the corporates are getting the major portion of the credit. State bank alone. The largest banks are analyzing only that. 9.8 lakh crore has been the advance given to corporates alone. That is total advances. 30% has gone to few corporates alone. The agriculture for us. The MSMEs. Housing loan. Of course there is good. Though state bank is number one in education loan. It is number one in housing loan. It is number one in SHG loan. In spite of that there is a scope for state bank to give much more. They have a huge network. Now instead of increasing the network. Number of branches. There are 21,000 branches. Whereas there are 76,000 customer service points. Where somebody is sitting there doing some services. They cannot give loan. They cannot collect an open account. Their role is very limited.  And out of that commission 30% goes to a national business correspondent. It is an exploitation of the youth. If the public sector banks were to recruit more. And also increase the number of branches. There has to have been a tremendous growth in the economy itself. Another example is per employee profit. State Bank of India in 2013-14. Per employee profit was 4 crore, 91 lakhs. Now it is 2100 crores. So it is more than 4 times. But the staff strength remains the same. It is going down. So you are not recruiting more people. Because of which the service in the public sector is under criticism. People are not happy with the public sector. And they are forced to go to the non banking financial companies. And now they have brought in a new scheme called the coal ending. In which again State Bank of India has entered into an agreement with Adani Capital. Who does not have any experience in banking. And they will hold applications for the agriculture borrowers, MSME borrowers. Which will not come back finally. So the banking system actually is under tremendous pressure. We are camouflaging things. After sometime the reality will once again be seen. Then again if a new government comes they can keep blaming that it is because of the banks. Which were lending left and right. Modiji claims that there was phone banking. So that is one of the other things. The government claims that with phone banking for instance another big step in accessibility. Now even those who may not be that literate or those who may be struggling for you know. Even everyday people have far more access. So does that tally as they say. No that is the digital banking they are talking about. See 26% of the population is still illiterate. Yes the digital banking has attracted the youth. But an injustice has been done to the banks. By opening up this sector first to the outsiders. Like you know that everywhere those state banks have an app called Yono app. People are using the GPAT or PTMR. Google does not have a banking license. But what they are doing is banking. And they have access to every account of every bank. Is it not an injustice? If this would have been given to the public sector banks. It would have been better. And GPAT in other countries they have started charging. Now it is free. So once they reach a peak they will start charging also. But another type of phone banking which Modiji is talking is that those days during the UPA. Some people from the high offices will just phone people. And banks will immediately give loan without any security. That is Humbug. Then or now banks do not follow that kind of instructions. I have seen in the banking sector for so long. We follow certain procedures. And our disciplinary proceedings are very strong. You do not follow the procedure you are sent out. So who will take that risk? So today actually what is happening is that the finance minister. She has meeting with the chairmans and managing directors almost every month. And she tells them what is to be done. The pressure on the Mudra loans and the other government schemes is put on the people. And because of that the bank services have gone down because that is not remunerative. So they achieve certain target and the rest of that they go to the corporates. So the country needs actually more loans to the farmers, more loans to the students, more loans to the MSMEs. That is not happening. Today 30% of the loans in the sector, financial sector is given by the non banking financial company. At one point of time banks were prevented from lending to others who will use it for on lending. But now on lending is happening under the compulsion of Reserve Bank of India. And also the co-lending is taking place. This is affecting the common man, which is not being talked about. The interest rates and MFI or a non banking financial company takes loan from the public sector bank or even private sector banks at 11% or 12% and they will lend up to 36% and now that ceiling has also been removed. They can lend up to more than 36% also. So what is happening? As I said the corporates are getting cheap loans. The common man is paying three times, four times of that interest rate which becomes very difficult for them and they find it difficult to repay. Then they lose every asset. So this is an injustice to the majority of the population in the country. Absolutely. And the other question I also wanted to ask is one of the other claims was regarding the efficiency because of mergers and that process that was initiated a few years ago. At this point how do you evaluate that process? See, merger was not warranted. At that time the only claim the finance minister was saying that we are going to create few global banks. That does not matter in any way actually becoming a global bank. But presently even State Bank of India is not within the top 20. In terms of assets it is 41 and among the Fortune 500 companies it is 221st position. No other bank has reached that level also. In fact what has happened is number of branches have been reduced, number of staffs have been reduced. So people are moving out. For example after the merger of State Bank of Triangle when a lot of people left the State Bank system and went to the private banks. Kerala has many private banks. So that kind of a shift has taken place and the merger has actually affected the larger number of people. Again the public sector banks which from 28 it is 12 now they are once again concentrating on the larger borrowers instead of the small borrowers. So merger has not helped the country or the people at large. And finally just also I think slightly shifting to another sector which the government really is doubting, is promoting, is claiming that its contribution to the country is the cooperative sector and it is closely connected in various ways to banking as well. So I also wanted you to sort of give us your evaluation of what is this push, or what is this push that the government is doing and whether it is successful, what is the agenda as part of that. See this government is for one nation, one language. So like that now everything under the cooperative sector also they were going to bring it under one umbrella. Now recently they have introduced the Multistate Cooperatives Bill. The cooperative sector in our country is doing quite well for long. In 1916 it started. The credit cooperatives their membership is 20 crores. So they are actually serving the downtrodden people at the grass root level. The number of primary agriculture cooperative banks is almost one lakh and their credit is as on 2018 itself they were giving 14 lakh crores which is much more than any public sector bank is. So now what they are trying to bring under control is so far these cooperatives are under the state sector. So they want to bring in an umbrella so that they can control everything. Because the outreach is too high. The number of people in the cooperative sector is quite high. The large cooperatives in the milk sector, the sugar, all of them today is not under the control of the ruling party. So there is a way they want to manipulate and bring it under their control so that they can get political gain out of it. They could not break the former's agitation. Now through the cooperatives they can directly go to the farmers. They can manipulate things. So there is a game plan. Otherwise why a home minister should be made into a minister for the cooperatives also. And we know his background. What happened in the Avadabad cooperative during demonetization and all. So there is a huge game plan which so far nobody is looking at it closely. But unless we understand that states react, already federalism is in question. States have to start reacting. See Kerala is own state where the cooperatives and cooperative banks are doing excellently well. They have created a Kerala state cooperative bank which is competing with the public sector banks. Why they started that? Because public sector banks were not giving small credit. Their credit deposit ratio was very low. In spite of they appealing in the state level affects meetings. There is a affects body which reviews every three months. In spite of that they were not doing it. So naturally they started the state cooperative bank and that is doing well. And all the state cooperative banks in Kerala are excellently doing well. District level cooperative banks, primary agriculture cooperative. So all this they want to get some control. So the states have to react. People have to react so that they are not taken over by again in some dubious way. They are brought under the control of this union government. Absolutely. Thank you so much Thomas Franco for speaking to us. I think giving us a very detailed instance by instance, issue by issue, breakdown of some of the claims that the government is putting forward. Very useful information I think for the viewers. Thank you so much for talking to us. Thank you very much. And that's all we have time for today. We will be bringing more interviews about the banking sector, about other aspects of the economy, society and politics on NewsClick. So keep watching. Visit the YouTube channel and hit that subscribe button.


Hello everybody, E here. Welcome back to another book review. Today we are talking about the third book in the Charlie Parker series, John Connolly's The Killing Kind. Yeah, so I'm gonna, I'm gonna start doing this because I've gotten a lot of comments throughout the years, what, two years? I've been here two years. Anyways, I've gotten a lot of comments over the months. I'm already giggling. Uh-oh. But I've gotten a lot of comments to say, hey, you never talk about what the book is about. You only talk about what you like. I am a firm believer that if you want to know what a book is about, you got to do is check out the description. And anything beyond that I feel is spoiler territory, so I kind of stay away from it. But I am going to read the back cover copy on this. So, when the discovery of a mass grave in northern Maine reveals the grim truth behind the disappearance of a religious community, Charlie Parker is drawn in a vicious conflict with a group of zealots intent on tracking down a relic that could link them to the slaughter. Haunted by the ghost of a small boy and tormented by the demonic killer known as Mr. Pud, Parker is forced to fight for his lover, his friends, and his very soul. All right, um, so let's talk about Mr. Pud just really, really quick. Mr. Pud preceded himself. I guess that's the way. He had a reputation long before I ever really got into this series. One of the very first things that I heard about when I heard about the Charlie Parker series about John Connolly was Mr. Pud. Everybody, even on Twitter, if I guess I could dig around for it, but Keelan Patrick Burt popped up and said Mr. Pud is terrifying. All throughout my book community, not career, but my time in the book community on Goodreads, I have heard about Mr. Pud. I think I even heard about Mr. Pud before I even realized that he was a character in a book. The name always struck me funny. Pud?  This is one character that is going to stay with me for a while, and Connolly did a terrific job describing this character's fingers. That's all I'm going to say. I'm not going to go into any more detail about him because I had no idea. No one told me what Mr. Pud's MO was. Nobody told me what that was, and when I got in here, I had to put the book down. The prologue made me put the book down. It bothered me a lot, and if you get in there, it's one of two of my greatest fears. I have two fears, and it is tied with the other one. So if you know me personally, you can probably puzzle that out yourself. The book itself, this one stands alone a lot less than book one and book two. Book two didn't really harken back to book one all that much, but this one certainly does. Once again, I'm already halfway through the next book in the series, so I'm going to go ahead and say, this is not a standalone series whatsoever, especially not when you, by the time you get the book four. I don't know who in their right mind would have told me that the books could be read as stand-alones. I guess some people were just trying to help me out because at the time I only had books 16 and 17 in the series in my possession. I now am only missing three of them just in the past month. I've went out and grabbed them because I'm going through these books one a week. I know I didn't post any Connolly reviews last week, but that's because I had so much to get out. I had what was it, David Joy. I had Shirley Jackson.  I'm trying to give myself that break. But with this one, this is my favorite in the series so far. It's really hard, as quickly as I'm reading this, it's really hard not to talk about what I'm reading right now. But looking back in this one, this book had a great effect on me. I think, but I honestly believe that I could have skipped right over book two and not hurt my chances of understanding the series. The only thing I could say is the same thing I said in the Dark Hollow review was it felt like a sophomore effort. It felt like a second book in the series, and that's perfect. What this one does, this does not feel like the third book in a series. This feels like the series has just gained its ground.  It's leaving, you know, other possibilities of where it might have gone in its dust, and it is veering off into a place that I certainly definitely want to see the outcome of. And I'm saying this as someone, like I said, who is halfway through book four, and will probably be halfway through book five by the time I talk about book four. But it's also a testament to how good this series is, how I'm burning through it. I read this one in three or four days. I read the first one in three days, the second one in four days. This one, I think three or four days. I'm not exactly sure. I did take, I think, two days off right in the middle of it after reading the prologue. I know, I know, I just, I was triggered. I was honestly, I know that word gets thrown around a lot, but that it triggered and it took a lot for me to read some other scenes in the book. But another thing, going back to it, Angel and Lewis are fantastic. I had, I have quotes, sorry, quotes back here that just say dialogue. And I wanted to read them to you. I wanted to get into it.  But I want to spoil these things for you. So, but just know, if you find a mass market paperback copy of this book, the dialogue that I'm talking about is on pages 162. It's hilarious. These two characters are amazing when they're talking to Charlie, just when they're talking in general. And page 251. I am hyped, extremely hyped to get to book seven in the series, which is called The Reapers. It is a book, from what I understand, it is a book set that, especially, I can't talk today. It is a book, especially from Angel and Lewis' point of views. I want to get to that book very, very soon, which is another reason why I'm burning through it. I burned through the first two to get to this one because it had such a high reputation. And it did not let me down. So yeah, this is my favorite in the series right now. Have you read The Killing Kind by John Connolly? If you have, let me know down there in the doobly-doo. But until next time, I have been E, you have been U. This has been another book review. I'll talk to you guys later. Bye-bye.


Hi, this is Jeffrey with Lightbox and today we're going to go over optimizing images and getting them ready for your website Main reason why you want to optimize the image is for speed The smaller the image size is the faster the web page is going to load And if you add images are way too large It's really going to have a negative impact on your website It's going to slow and viewers are going to start to bounce off before the web page could even load All right, so let's go ahead and start for this tutorial We're going to be optimizing the images and Photoshop and don't worry. It's going to be super easy It's going to be fast. It's not going to be technical If you do not know Photoshop or know really how to use it you still can do this because we're not going to Get deep into it in the technical aspect. So let's go ahead and start right here We'll go ahead and just choose an image here from unsplash We'll choose an image that will be a large size banner such as this banner that we see back here So let's go ahead and pick a random image that will look good For a background. All right, let's go ahead and choose this one right here Okay, so on downloading let's take a look at it So we can see this image right here is 6.9 megabytes almost 7 megabytes and that is massive and just to give context On the size of this image your web page should be under 1.2 megabytes for the entire web page That means all images all code scripts everything the website has it should be smaller than 1.5 So this already far out exceeds what you should put on your website. So let's go ahead and optimize it So I'm going to drop this over to our Photoshop right here, let it load Okay, and here we got our Photoshop you see all these tools here on the left You see all these settings up here on top all this here on the right. We're not going to touch any of it We're going to make this as simple as possible Okay, and what we want to do is you press shift option command and save at the same time Now this takes you over to save for web So you got to save for web portal right here and you can see the size of it right here is almost 8 megabytes And so let's go ahead and optimize it first You want to do right here is make sure it's the right file format. You got GIF JPEG PNG we want to stay with the JPEG just about all your images that you put on your website are going to be JPEG GIF is only if you're going to add short videos and PNG is only for rare cases where you use cutouts and you want to cut out the background to something So everything basically is going to be JPEG also JPEG could be compressed more as way more web friendly Okay, so now we got it on JPEG. Make sure that is set a set on progressive Right here. You see the quality now. This is the compression and this is where we reduce the size of it thing is You don't need a hundred percent Because that's more for like prints. That's something for you know something for way larger not for a website a website It's not really going to be able to tell the difference between a hundred percent and 90 percent What I like to do is stick around the 80 percent mark, you know our our Our goal is to make the size smaller, but we still want to keep the quality of the image We don't want to look in fuzzy. We don't want to look in pixelated. So I find 80 percent compression is a good number for me and I get good results with it So you want to make sure this is clicked off and you also want to make sure that this data the Metadata right here is also set to none by default all the images have metadata in it And what the metadata is let me pull up the image right here. We'll click on get info and You can see right here where it shows all this information on the image now This is the metadata. We don't need it for the website. This also adds size to your image. So by keeping that out We can make the image even smaller Alright, so now let's go ahead and resize the image. This image is 7,680 pixels. That's huge Most laptops most desktops are going to be around 1,300 to 1,500 pixels 1,200 pixels So no need to have something this big because no screen is that big I like to use around 1,200 pixels. I Use 1,200 pixels sometimes 1,400 depending on the project and how high the quality the image needs to be but I find 1,200 is a sweet spot for me for the large banner images If you're going to use a smaller image That's more of a thumbnail then I would make it even smaller, but the large banners 1,200 works pretty well for me So I'll go ahead and add 1,200 there Hit enter and you can see we reduce it all the way to 432k that's less than half a megabyte That's a big difference From what we had and also the quality of the image is going to stay the same This is still kind of big though for me. I Like to keep my images under 200 so I'm going to reduce the quality a little bit I'm going to take it down to 70 see what happens. All right. It's still kind of big That must be because this image has a lot of different colors and Details in it. All right. So this is what I'm going to do. I'm going to bring it up to 75 We got it under 400k. It's still on the large size side But it's not terrible not as long as you don't have many images. It's large on the website I think this is good right here. We have everything checked off go ahead and click save and That's it Go ahead and save it and there's our image for web You can see it still has a quality inside of it It is now the right size for a website and it's going to look a whole lot faster Than the eight megabytes that originally was well. I hope this helps out We're used Photoshop for this one. I use a few different tools I'm going to release a couple more videos on the other tools that we use in case if you use something different from Photoshop Such as affinity and that is it your image is now ready to load on your website via WordPress or whatever platform You're using I hope this video helps out if you have any questions Please throw them aside the comments and if you find this useful Go ahead and subscribe and go ahead and press a like we're a new channel just getting started I usually make a lot of these videos for our clients and for teams that I work with And I figured that I want to start Sharing and sharing to others and go ahead and spreading it out because this is how I learned I found videos and just clear Instructional tutorials super helpful inside my development. I want to go ahead and start doing the same and give them back So yeah, please subscribe like if you have any suggestions drop them in the comments and thanks you


Okay. Hello, everyone. My name is Leo Harman and I'm here with Marina Roberts and we're going to talk about perspectives on pandemic pedagogy and the need for an open pivot. And I guess that you could say that we have come to this as very much as open education researchers who also have day jobs. And so on this slide, which I hope everyone can see, it's a little bit of bios about what these jobs are. And so for me, I'm a digital education advisor at University College London. I'm also a doctoral researcher at the Open University in the UK. So I'm researching open education, but also I'm very much involved in supporting our sort of everyday normal digital pedagogies in a regular sort of research focused higher education institution. And obviously that really means in an organization where suddenly doing everything online that we have been recently was far from normal. And Marina, would you like to say a bit about your background too? My dissertation work in Open Educational Practices in K-12, specifically high school or secondary learning environments. I'm also a learning designer with UBC, so the University of British Columbia helping instructors get their courses online. I'm a Sessional Instructor with the University of Victoria and Calgary. I'm an Educational Specialist as a consultant with Cibera Callisto Project, which looks at open data science and how we can integrate open data into K-12 curriculum. I also teach high school online just one course and I have a mom of three kids in the middle of this pandemic. So let's go to the next slide. Oh, I'm advancing the wrong one. So as we said in the abstract, the proposal for this session was almost unwritten. And that was because for me, my work was just crazy ever since March with just incredibly busy days, like five or six hours of meetings a day and then still trying to do the job outside of those. And that's really continued until now, although I think it's starting now that people are busy teaching. They have a little bit less time to want to have meetings, so that's been better. And one of the things we noticed was that there was really a deluge of advice and discussion around how to do online teaching was happening during this period. And the volume of that was so much that was hard for us to keep up to because we were busy doing the work in the arena. I don't know if you want to talk a bit also about what you were busy with at the beginning and later on. I think at the beginning and specific to opening and open educational resources and to integrate our own learning design into what was happening in our world was very problematic because we had we felt we had to go back to basic and try to explain things from the perspective of the people who experience online learning at even though we in this world for many years and we'll discuss that a little bit more and how our identity almost had to change and we had to rethink the way that we were doing online and field. So we'll go to the next slide discusses a bit more. So these are experiences that maybe some of you have my, there we go, might have experienced yourself for example my whole literally remember reading a single day of something about I'll be spending and then I did see this image and laughed because that's how it felt like everything was in lockdown and overwhelming. For me I three children, I didn't actually lock them up like that, but I do remember the feeling of not being able to get anything done and feeling contained and and as I was key my husband has been very supportive as well at home to help me support with the as it was with another this constant expectation of doing any tasks and as we see in the middle, I'm literally places at once and I was presenting in two conferences at the same time so my son actually took a picture of it because he was impressed that I could do it to other. So, we, we had the photo that was captioned working from home and, and it also kind of made me think of a something that I've seen somewhere which I can no longer source but where somebody was talking about we're not what we're doing now it's not really working from home as it as it once was we're really living at work and and that really resonated with me. And this this expanded into the news so it wasn't only our own environments and we're not superheroes. I'm laughing at the chat. This is our reality we're expected to do everything and that ongoing expectation of being able to do everything well. It has taken a turn for the work in so many ways, but this one was priceless when I saw this on Twitter. Good morning to all the kids under quarantine in Wuhan who defeat app signing the work, buying it with their what our reviews until it got removed. So, while I appreciated that, because I found how students were jumping into this experience and using their digital literacies to change the way we're thinking about online learning. I don't think everyone else appreciated the same way as, as we see in this picture of the, the teacher who scorned YouTubers, and the idea of using videos and now he's doing it all the time and he's to do it himself. And then we have just taken from the paper that you've seen students can suddenly opt out of a letter grade and the idea of assessment is the ideas and perceptions that going out the window. So, do you want to the next bills. So, so when we were thinking about our title, pandemic pedagogy, we, the more that we thought about the more we realized it had, it had kind of more, more meaning to it than we had initially, you know, initially we were just drawn to the pandemic. But, but I thought the, you know, first of all the obvious question that we're wrestling with was how, how to try and teach and learn in the context of the pandemic. But then the second question was actually more emergent. What, what is the pandemic teaching us at the beginning of the of this process we didn't realize that there would be so much to learn and by that I mean, I mean, for everyone in in in society. And then on we would see how the pandemic exposed and magnified inequalities. And we come to understand how fragile our normal is. So, because of this we were starting to think about identities and narratives in the early trend in the early part of the pandemic and then how these started to evolve as it continued. So, one of the ideas that we came up with was to think about these kind of pandemic identities and education in, in terms of these kind of avian metaphors of ostriches, owls and vultures. And if anyone has any thoughts on who might be an ostrich, who might be an owl, who might be a vulture in the context of education during COVID, feel free to drop some thoughts in the chat, because I don't think that it's, you know, necessarily our views on this are are the only take on it. But, but certainly what what we felt was that there were there were these kind of quite quite different perspectives on on what what's going what's going on here and what we what we what we should be getting out of it as it were. Christina saying ostrich those who hoped it would all just go away soon absolutely. There still are lots of ostriches and Jen, a good point to we originally when we were in metaphors were the bird that does everything and is in every context and we thought of ourselves as chickens at one point and and all sorts of things. We're wondering if you're battering chickens. Or we rain chicken. Okay. So, so one of these, one of the kind of narratives that went along with, we think the ostriches of the situation was, you know, maybe this will all just go away. And, and I think that this this narrative is kind of evolved towards when things go back to normal I'm hearing more of that. Now that now that it hasn't just gone away but it's a sort of a sense that that things will return to you know exactly as they once were. We won't, we won't have to worry about doing this, doing these things anymore, or this this pesky online learning and teaching. And we're noticing this this emphasis on back normal is coming in with with institutional and government policies that we need to be considerate of and and not necessarily be guided by it, which is scary for many of us, especially in leadership positions, but instead recognize that their ostriches are leading the way, which can be very dangerous. And I think that one of the things also that we wanted to mention here is that this this actually is in some ways, although there are although there is some degree of acknowledgement and kind of institutional and fundamental kind of policy level of the fact that this is going on, there is still a bit of an ostrich mentality around like everything that we're doing now is, is a sort of a temporary sort of, you know, band aid solution that will be. But this this also goes along with the frustrating kind of narrative around how doing things online is, is evidently second class and undesirable, which I have to say it's been kind of infuriating, not to see some of the institutions that we work in kind of push back harder against that one. And good point, Helen and I would say the stereotype of ostriches is they actually put their heads in the ground and inaccurate is actually not in fact and so the irony of the stereotypes and and making up stereotypes and following previous notions and previous myths and conceptions is also happening within this time of COVID. So, the next is do we remember this phase. Important narrative of this pandemic has been, you know, you can have something free for five minutes, or you know in some cases maybe it was more like five weeks or even five months but we definitely have a lot of vendors and publishers, you know, going up, sort of claiming that they're on their white horse.  There's a lot of time and this support was available for and and meanwhile, of course, people were saying oh this is fantastic we can use this thing. This this will help us get through and then kind of becoming dependent on it. And that that was that was obviously the hope was that people would say why actually we need this now we're going to have to pay for it. Exactly Jennifer. And, and so this was really interestingly that a kind of epilogue of that phase is in the UK at the moment there is a kind of big rebellion going on amongst university librarians and a lot of other staff are signing the the petition as well. Asking for a kind of government investigation into into the pricing of ebooks, which have the cost of which has kind of been going nuts. And, you know, was it's not that they were cheap before but now it seems like there's an opportunity to really, you know, get us while we can't get people into the library. So we're going to go through the next slides a little faster. And talk about this is our moment. And we're seeing readings now of proponent open flexible and distance education. This is the best of times. I'm not really sure where this coming from but not say this is the best of times for me. This is the time for open to come into its own. Well, we'll talk about that a bit more is. Okay, let's go to the next slide Leo. Okay. So we thought, you know, all of these kind of identities are really neglecting the, the reality of the trauma that people are going through and what people are trying to cope with and the fact that maybe what people really needed. During this time was just a bit of sense of connection and care, and that other people are interested in them, and, and, you know, are actually trying to support them to get through this, and that some of those, those things might actually be more significant than specific, you know, learning objectives. Yeah, this is just the example I think I've heard more often than not that. Yeah, that we're building the as as we go. And if we keep going actuality. Next slide. We're overwhelming. And we're hearing this over and over trauma and the well take us week out of the headlines from 12 from higher education community colleges around the world. We go to the slide. And so, so, you know, this is kind of where where we came to the need for the need for an open pivot the need for thinking about sharing learning from others using using what what already exists not trying to reinvent the wheel over and over again. Not saying we need to freshly discover the latest and greatest new x-ray specs, because the last time somebody did it was five years ago and we've forgotten, but instead to to actually learn from the knowledge and the experience that's out there. And this this to achieve this has actually been pretty, pretty challenging. So finally, we see the background examples of all the different ways that we can think about open and online and distributed learning. And again, it becomes overwhelming and we really do need to take the and then take a break. And Leo, if you click to just faded. Faded. Thank you. You faded out the chaos of the masses. So we can vote on a pivot to open learning, which includes humans learning intentionally designing from the beginning, social pods, which are integrated social interaction with this, and including them in creating curriculum, our curriculum and content, balancing the P process with OER with the product, finding those crossings that means using press for a to connect with others and say press like a textbook. So let's, let's start work on one or working with ones that we can have a common thing to talk about with everyone connecting community voting learning ecosystems, supporting the development of digital faculty and students in the courses integrating and into courses and finally open data and the bias and data and the ethics of open just because can do something does not to be doing something and thinking about who has made those decisions and who's in control of those settings and final skills. And I think, I think we are out of time. But thank you all very much. I don't know if we have any time for any last questions. Thank you so much. I put a link to global your global connect page in there so they can continue the conversation there. Thank you. I really much to many things you show.


It's Friday night here on the independent investor channel. It's about 9 o'clock here. We'll kick this live stream off Come together weekly Friday 9 o'clock for you guys that are new to the message. I'd love to welcome everybody This message means an awful lot to me. It's kind of a cool deal that I run here It's a fun project. I do absolutely enjoy it. It is a very cool hobby just as good as the next anyway and love coming into converse with folks and Really drill down on topics that are are important to me Matt points out here that I'm I'm recommending that everybody sell it all sell it all sell it all That'll help you not be so terrified of retirement though, which is the title of tonight's video aimed to make you think a little bit and You should retirement terrify you For the people that aren't terrified at all and quite frankly naive on the fact that at some point They're going to demand of themselves the opportunity to retire What they have been complacent on that fact It they're in for a rude awakening and I think a lot of people are complacent in a time in their life where they need to be the most hungry and This video is going to walk you through my deliberation on why it is that people should be focused in on personal finance and budget wealth building and You know if nothing else this silent rally from the the lows just a couple of months ago If nothing else proves the power of stock market investing back up 10% since its lows Really kind of can give some validation to those folks that held true Some folks are making money right now. We will roll out the portfolios to everybody I was asked a little bit. I had my good friend who kicked back behind the the scenes with me before the live stream Which is Matt to money? He is in the group here So I'll feature him if you guys don't know who he is you should he is the who's who on Twitter All right, that is his domain. He owns it. Okay, Elon Musk who all right Matt money's your guy I'm gonna kick over and follow this guy, but anyway kicked in wanted to say hi Then I love conversing with this guy man. He gets it. He works with a sense of urgency That I relate with I respect I Think sometimes we kind of keep each other in check as well as some others that you know Really don't give ourselves enough credit for what it is that we do in pursuance of what I'm gonna discuss tonight To combat what I feel like is a lot of people's complacency a lot of people's naive pursuance of of a lifestyle that there's no way in hell they can maintain into retirement and for those that can and Prepare to do so I think that I tip my hat to those folks just about as much as any because They didn't get it by getting getting it given to them They didn't get there by not working hard. They did not get there by not planning ahead They did not get there by not paying attention. So some of those things that we're going to discuss tonight And get into is going to take us away from this idea that This stock market crash of 2022 hell, I'll probably get 300 views on this video, which is fine The independent investor channel is going through somewhat of a lean transition. It's no problem YouTube is playing tug-of-war with me In that they're basically suggesting that maybe I'm unwanted on YouTube. That's no problem. Okay I've never professed to be a youtuber. Okay, never professed to do that. I would do this project for free, okay? And for the little bit of compensation that I do receive through social media It does nothing more than to prove provide some validation to me that a small side hustle like this talking about Yes, my very favorite subject to potentially make an impact on people as real as I believe that we do For people had some really really cool commentary at the beginning of the live stream here Some of these folks that have been with me for a while man and Brody's one of them He's been with me for from the beginning and if you put the pieces together to the message It really becomes a lot more simple of an objective on my channel talking about one thing one thing that you can change One thing that you can change. I might bring it to your attention, but one thing that you can change and that is the investing realm I've said many times Relationships man, you're kind on your own and I bid you all the best in that department spiritual well-being health diet spiritual fitness, right professional pursuance of a life that you're trying to carve out for yourself all of those things debt consolidation we can kind of help with that piece but you know for the most part there's a multitude of different aspects and elements of life that If you can get more than just one Drilled down upon you can really set yourself up collectively for a lot better success down the line but the financial pieces are focused here because a lot of people are a disaster and a lot of people should be terrified about even Suggesting the fact that they're just going to waltz into retirement Like they're tiptoeing through the tulips and and not expect that it's going to be hard work a lot of people work hard And understand that retirement will be kind of a means to an end at some point But how much retirement planning do you do how much adherence to thought of the idea that maybe you're not gonna Look the same or feel the same when you're you know 75 as opposed to being 25 How many people actually do that kind of stare mortality in the face and say hold on a second man I I don't really want to be subject to the control of Everybody else. I don't want to be subject to the control of somebody telling me where I go for my health care Or what I do with my retirement because the only thing that I'm drawing right now is social security and The more pieces that we give away early on in our life The unfortunate piece about it is later on in life Sometimes those things come up to to bite us later on in life because we did not Pay proper credence to those things earlier on in our life And I think you know that the time the minutes and and the the days and the weeks in the months that they sneak by they do and I Think it's the complacent piece that I think a lot of people need to be a little bit more hungry about It's okay. If you are wanting to work hard wanting to spend your time crafting a discipline Financial aptitude and financial application is a discipline it is and sometimes it's an inconceivable discipline It'll take you to the freight ends of sanity okay Like this last downturn has has done it's tested a lot of investors out there, but You know for you guys that are out there and you're you 20 and your or 25 30 40 You know, maybe you're you're 40 50 years old You know, you're just coming to the realization that you're entering into retirement Or if you're in your early 20s and the younger stages of your life and You've never thought about this topic Personal finance can really contribute to this end and this is why we're so steadfast on pushing forward this message of personal empowerment and and taking that power that is Probably the most prevalent when you're younger, but also probably the most plagiarized bastardized Taken for granted when you're younger in your life You don't realize how much power you have And and a lot of it gets wasted in a lot of different capacities So we're gonna talk about the 10 things tonight that I feel like is gonna help and anybody catching the message really for the Few patrons that make their way in for the devote subscribers to the message. Absolutely, man I couldn't do the message without you I do you guys the one that allowed me to do this project and continue to do so if it starts to become You know me in here talking to myself Well that I guess that'll be about the time to hang it up But we are far from that because the reaches of the independent investor channel are established on an A and a B relationship me being the deliverer of the information and patrons all over the world that receive this information and Take a little bit of perspective from somebody who's domiciled here in the States Somebody who doesn't come from money? somebody who pays attention to this stuff and looks to share the perspective and find commonalities out there in what can work in Making us the most prepared for later life by doing a Multitude of different things now and it's not just about the money piece a lot of it is about proper mental conditioning proper adherence to discipline Proper spending habits In other words if you establish poor habits early in your life There's a chance that they are either going to come back to bite you or you can never get rid of them later on in life All right, so we look to revolve around these topics with the sheer intent of helping folks anybody who? Makes their way into the message is going to leave more wiser for it There's no doubt about it and that's that's no problem I guess well something that I find interesting is The laughing that I do in the back of my mind about how many people out there have it all figured out and those will be the very very people that are Think that they're just going to just waltz into retirement with no problem And I think you'll find that it is much more difficult than that. It is something that's strategic. It's something that needs to be Focused on and it needs to be worked toward and it needs to be earned And if you look at it any other way than that I think you introduce the greatest chance for regret in your life when you do look to potentially retire in your 60s or 70s And enjoy those later years in life because you haven't prepared correctly. So guys stay with this man We're going to get into this It's going to be a lot of fun tonight. Appreciate your guys's time on a Friday evening I'm locked in get a drink Let's sit back relax and chill as we get into this topic of are you terrified to enter into retirement, man It ought to be interesting He's peeping the live stream. I have no idea what that means man, but if he's driving and he's tuning into the I2 man My hat is tipped to you my friend. Thank you so much man. Appreciate that I work pretty hard try to drill down on topics that are actually gonna it's gonna help people some real talk some in the trenches stuff I Find all the time and I question, you know, where people come from and everybody comes from a different place There's no two places people come from that are alike. I get that I do but Where I've come from has absolutely defined what it is that I bring to the table with My interpretation of the opportunity in life Some of it has been Chocked up as being just an internal drive and I think I'd like to think that a lot of people have that I would I'd like to think that a lot of people have that and I talk to people all the time that I just Cart launch disagree with I'm wondering maybe if I'm the odd one or maybe I'm too aggressive or maybe I should just Lolli gag around and hey, this is great. Just live life and then die someday I Like to think that there's probably a little bit more meaning to what we're doing then than that application and I think I think this project aims to strike at that that very lack of perspective and and lack of Taking advantage of opportunity especially in this country Because the the opportunities are out there a multitude of different opportunities a few people in my network Here who are even talking about the you know the the potential of taking a good career and Leveraging up and taking another maybe even more lucrative opportunity so How are we so lucky and I think Being a little bit humble with our application and and understanding why we're doing what we're doing and Being kind of careful with the opportunity to I'm not saying that you want to go out and put the entire nest egg on black it, you know in Las Vegas That's for sure That's not what we're looking for. We're looking for a little bit more spread out long-term discipline in your application be responsible What's to suggest that if you don't put your head down every single day with the intention of making every day a Good day go earn that money go earn that opportunity go earn That ability to step into retirement someday just like Becky has and she's she's earned it And I know Becky she's a friend of the channel and she always will be and to to epitomize success isn't necessarily about You know that overlevered million and a half dollar home You know the for people that can't afford it that have two luxurious sports cars on the driveway And are levered to the tee with the bank and and have credit cards that are all maxed out Now society would look at that if I'm the runner on the sidewalk walking by and I'm like man, that's really crazy That's successful, you know the most successful people in this country in reality is Our people like Becky and and many times over who you would never ever know is an absolute success story But but the sheer disconnect between what we think and define in society as being successful And what is actually successful in reality? Almost require two completely separate roads. They do I could be great It'd be fun to come on here and say yeah, you sort of sold everything a year ago or six months ago, or I would have been great I've been a fun for the channel.  No problem I think the fallacy of people is that they listen to people too much Myself included as much as I try to filter down the information and provide good information for people People aren't gonna hear all of it and they're also not gonna get the totality of the intent either And they can misconstrue my message just as easily as the next I had somebody coming in suggesting that I should quit YouTube Hang it up. Give it up. I'm terrible because I'm telling people to sell everything Because one of my videos was titled sell everything, right?  I've watched the jet Dow Jones industrial average roar back 3,000 points from its low will it go back there? Hell, I don't know. That's not really why I invest guys Okay, but I was just speaking with Matt again. I had a great conversation with them and we talked about 45 minutes I'm was like If you can't just sit back and make the decision now about what you're gonna do with your portfolio in times of volatility ie never sell then Don't invest if you can't hold yourself true to that program. No matter what then don't invest Okay, if you want to throttle it down so defensively to an anemic state where you're not gonna panic yourself out of the stock market Then then do that or don't invest at all. Okay, but don't invest with the false sense of security That everything is gonna be Okay, all the time because it's not right the reason why we're building this up quite frankly is to build wealth for our future What exactly does that mean to you for our future? Most people have no idea Most people are like if it doesn't go up this month. God damn. I'm out.  I'm out. I'm mad I'm mad. I'm mad at that YouTube guy. He told me to sell everything. I Saw this title come through YouTube and and I thought man this this hack. He's telling me to sell everything Maybe I should and I did it now.    It's all good. Let it go Nobody knows squat. Okay The only person that I always advocate for and I always have through the history of the channel is to empower good people To put themselves on their own personal path One that makes sense to them. It's lovely. All right, Ryan You are here doing this YouTube to truly help people You have certainly got us on the right track to finally retire dividends have been a game changer Dividends can be a game changer Becky. They're wonderful. They're one of those things that I consider an almost outright certainty in the stock market and hot again If you can't do that, right and you can't talk like that.  You know what I'm saying That's gonna work out really well.  Hell, I don't know Google it How many people in the population have ever been paid a dividend a real one not interest rate from a checking account Not interest rate from a bond not interest rate from a bond that grandma gave you a savings bond Okay, that's not a dividend a dividend from a stock that's been purchased and paid to you All right, what's the percentage of the population out there? That's actually been paid a dividend in this on this earth Yeah You enter into a stock at the right time one day prior to x dividend You're gonna be paid that dividend. My god. It's a great thing retail investors man see All right, no soiling of the shorts here calm cool and collected stay calm and invest on Okay, these are the ten things. Let's get into it man. Number one. You have to think about it Okay, you have to put some time into this think about the element of if you closed your eyes and you imagined yourself 20 30 40 years from now and you're like wow I'm retired This is awesome drinking this wine overseeing the ocean maybe in Mexico with a margarita and Everything is wonderful and then you wake up and you think about all of the things that you did along the course of your life To actually get to that end How many people actually think about it that way? I've had it a ton of thinking tanks come to me and tell me God dang it right now It's the most horrible time to invest in the stock market and I'm like really how why is that you're about two months behind on that news Yeah, yeah actually two months ago was a phenomenal time to invest in the stock market with the pundits on YouTube and CNBC would have you believe that the markets going to zero It didn't it won't It didn't You know so it's it's that opposites play here that I talk about and I just think it's the sheer reality of sitting back and saying What is it that I need to do now? What is it that I need to do now? And I'm not giving you a half a dozen things to think about man. I'm giving you one one Okay, if you're a non-investor It's no problem. You can disagree with me up and down Ryan.  You tell everybody to do this that and this and that and this and that There's a ton of successful people in this audience and I guarantee I guarantee it exists And there's no way ever on in the history of this channel that I could ever come on to you on a live stream and Try to quantify the level of success and via renderings and dollars To measure the success of this community no freakin way, but it exists mark my word mark my freakin word It exists It exists because I force people to take a look inside. I force people to think about it No, you're wrong actually. Do you even invest in the stock market? No, I just I don't know I just talked to my my my my buddies They were the one that shit their pants man Just a couple months ago and sold everything and they told me to do the same thing and or they told me they did it And so I didn't want to do it. You know what I mean? I like clean shorts. You know what I mean? So that's what I did My good buddies, you know what I mean? We have paps blue ribbon every single night together and that's that's gonna that's gonna Ride us into the sunset to retirement. You to think about it. Pay attention Okay, put some thought into this into this dig number two People are way too complacent now drives me at the wall I move into my weekend and I am glad to see it I am because this little man that could this little engine is up at 445 Now I don't drink the raw eggs like rocky Okay, but I am up and I am in the gym at 445. God dang. That's pretty amazing. God dang Well, it's because I'm trying to stay healthy for the sheer Reality that at some point I'm probably not gonna be this scrapping young Good-looking dude that I am now. I'm gonna be old and wrinkled and fragile And if I can be a little less fragile and a little more strong in my later years Maybe keep my ticker a little more healthy and I'm gonna do that now. I got and I do it 445 every morning man people are too complacent man they take it way too easy and I think I would go so far as to say that people are complacent when they're young and they do everything that they can possibly do to stress themselves out about you about a Bunch of crap that doesn't matter. This doesn't matter. You know, all right Let it go work really hard at the things that are worth working hard at But don't be so complacent be a little more hungry.  I don't know Some people in the highly on community would say suggest maybe that they understand exactly what I'm doing I'm making a move. You know, I want to get ahead. I'm aggressive. Okay. I'm aggressive If I'm guilty of anything, that's it. I'm Taking a chance. I'm making a move and Highlands moving in a way that is very interesting to me volume is absolutely a need make and I think we're setting up for An interesting short little bit of short squeeze up above to where I think fair market value is right now Double off of its current target at about eight to twelve dollars. I'd like to see the the stock Kind of finish out the year there and I think it will Number three, how many people do you meet out there that want it all now? They want it all now I Don't make more than fifty forty thousand dollars a year, but I'm gonna buy a six hundred thousand dollar house It's mine. I'm gonna buy it. I have no idea why but I'm I'm good. I'm gonna buy I'm gonna buy The bank says I can afford $601,000 I'm gonna offer 601,000 in this competitive market six hundred of and leave myself a thousand and it's gonna be like 42,000 dollars worth of closing cost so good one on that Omar. That's that's lovely. Nice job But I want everything now. I want everything now.  Yeah, I can fall on tail and buy something cool I guess I don't know But I don't really think it's a lot. I can't retire on it. I Could I could for reasons that I'm gonna kind of discuss and it has a lot to do with me perspective Okay, you give me little live aboard. I'm happy men Mm-hmm as long as the bilge pump works. I'm good You give me a little sailboat a little bit of free dock space because I'm cool I'm tight with the dock master and he thinks I'm a really really good guy because at some point in my life I had a YouTube channel where I've affected a lot of people. I did dissolve away and just float off into oblivion But I'm a really really nice guy and I'm a really really wise man, you know So he gives me free mortgage at the dock there. I could be just as happy with that No problem. The question is how far will a half a million dollar go if that's the lifestyle that I choose? I think it'd be kind of fun to actually Just throw my bag over my back and actually just live on the streets for a while. I think be fun.   I Won't do it Ryan. I know you won't do it because we come a become accustomed to our own reality We do and we get comfortable. We get complacent And we're all guilty of it man myself included man It's crazy. Some days.  Yeah, those are the good old days. Seriously. It said it on the ATM It was like you need to leave Las Vegas now Everybody's like, God dang right, how'd you survive man? How'd you get along with no money? Geez Louise. Well, it's what people think what they need is difference than what they actually need And that's the thing is the further we go in this life and society the more pathetic people get on what they think they need and We actually think we can actually talk ourselves into a recession when I'm here to tell you man in my assessment of what's going on things are not that bad. They're not that bad I think People who are struggling were probably struggling before 2022 and they'll probably continue to struggle after 2022 And they're probably the loudest people speaking right now about how everybody else owes them a life Number four listening to others I've mentioned to this before okay if you wish to come on and consume content on social media and Okay, I'd like you guys to think that you know me and you do I'm the same guy Matt'll tell you He just wrapped with me for 45 minutes same thing making jokes Funny stuff. It's funny. It's life's funny, and it's all good man. Life's good But too much trying to take what others have in that program and put it into my program right I Think I can build YouTube channel by coming on and spitting then up at this guy because he's Obviously got some subscribers and I want to start a YouTube channel so I can trip and fall into my viper Okay, like Ryan has because he's making tens of thousands of dollars a month on on YouTube because he's got so many subscribers on YouTube So I'm gonna do the same okay And I'm gonna tell people what I know about things Even though I really have dude This is a real story. Okay, I'll let you in on a little insight I had a little bit of an interesting troll situation this week with somebody who just Didn't think I needed to be talking to people about anything life-related I begged a differ scooter. I know a thing or two have been around the block little man Then when I went around and checked on his channel. It was like, are you kidding me dude?   It's a serious topic.  God you crazy. I'm crazy. I know I know I'm crazy Perhaps maybe I should have like three thousand dollars like everybody else in their savings account and not be sitting on a half a million dollar Portfolio, which is what I declared to Matt money tonight as being less than the average salary in this country I'm a serviceman 17 years in this country and I make less than the average American Google it. I just googled it. I'm pretty certain that 2021 was $64,000 a year. I couldn't believe it blew my mind What are people doing for $64,000 a year when I was a young boy? And I took my pad and pencil and I was okay. How much do I need to make? What do I need to do to go to college to make? Okay, if I could make $50,000 a year. I'm in I'm golden I'll be a millionaire The mathematics just don't lie if I do this this and this is where I'll be right. This is where I'll be, right? A lot of wrenches in this chat. Oh man, I have to kick over and give you one as a matter of fact You know what you get one for that. I'm gonna kick over and I'm gonna try to find you Here you are. I gotta find you buddy. I gotta find you somebody retracted their comment Don't do that, buddy. Don't do that man wrenches. He says Hey, I got Hubert. God dang it. I'm feeling saucy tonight. There you go, buddy You're an administrator now.   All right. He says joke He's like, I think I pissed off the IT tonight. That's all good. I'm already fired up. Trust me.  All right number five Being naive to the reality. Hmm. What do I mean by that being naive to the reality? I Think sometimes people don't aren't really happy with where they are I think life is a lot of just learning how it is to chill the freak out Chill the freak out stop being some Freakin freaked out about everything you freaking baby Chill out man. It's all good. You're stressing about this and that and this and that and this person said this and this I got dang it.  I'm a winner. I'm a winner. Look at me Naive to your own reality, man. It's all good. You're fine. You're probably doing just fine, but you're self-manifesting all of this like Discontent and hate for your current situation because it's so bad. It's so bad. It's not bad You're fine.   All right Learn your reality, man.  It's all right. Get happy when you don't understand the purpose of what you're doing That's a key Whether it be in your relationships your profession Your financial stewardship and it is just one of the 16 of the blocks that I talk about for the pyramid of Happiness it's the Maslow's hierarchy of needs. Okay. I stole it because it's really freaking good It helps, but it's just one 16th and lots of things contribute to each other. Okay, like My working out at the gym makes me a savage Somewhere else at home Right, they all contribute to each other. It's a lovely thing. Okay? My ability to carry through with a physical fitness regime keeps me healthy Contributes to my health and well-being, which is another aspect of the 16 pieces of the hierarchy, right? but Do people really understand why they do what they do It's the very meaning that's going to keep you on track with your diet And and and what plan you're marketing toward and finances is no different if you put a plan in place Becky came to me about a year and a half ago. She's like, here's what I want Ryan Well, I was like blown away. I was like, how does this person actually know what they want? And it was like it it dawned on me It it gave me the validation to know that there are people out there that can actually think for themselves about Looking at investing and saying, hmm And I see this over here. It's not really for me, but this dividend thing over here I this is kind of interesting because I think it can give me X Y and Z and it and it can and it did Right. It has a sheer purpose to it Investing perhaps when you're in your 20s probably carry with it the least amount of purpose Because you're giving away money that you don't get to spend at the bar 20 shots of Yagermeister That's money well spent in your 20s, right? You're the king for a night You wake up the next day with a headache that I do not envy of you my friend I do not envy here. We are on a Friday night Celebrating with each other. I'm having a drink that cost me all of about 57 cents 57 cents For my craft of Jack Daniels 57 cents. All right, this drink in Manhattan would cost me all of about I don't know $22 and 50 cents plus tip Hit the like button. It's free. Okay, nothing on this earth is free except for the independent investor channel It's free free of charge.  God damn. I'm anger buying because every time I buy I feel good for the shorter amount of time And it's just the dopamine doesn't last as long as it does 50s bring him by buy 60s. Whoa income goes away I'm retired now Look at that watch. That's incredible Social security comes in and it's like six seven hundred dollars. I can't buy so much with six hundred dollars That's two loads of groceries freak freak Mm-hmm. Yep I cannot separate from their money And that's the sheer separation that I would suggest that you seek Find it's the answer. I'm giving it to you. Okay. Sell everything now buy my course, right? That's no not necessarily. I don't have a course. I'm sorry if you want to join my private viper group You'll probably understand the payoff of that group at some point down the line when I am just a few shakes away from Blowing the cap off something really special here within the next five to ten years in my life. It's fantastic It's great. It's going to have substance and merit and the good people who are part of that will understand At that at that time. Okay, but they can't separate from their money and it It it bleeds over into retirement Which is really really tough because if you're attached to your money when you're making five six eight thousand a month Folks like me who are making like four dollars a month, you know to get by right? It makes it that much more difficult when in retirement the government's paying me 58 cents to live. It's tough, right number eight Lifestyle, we've grown accustomed to you ever hear this I'm going to go into retirement and I'm going to maintain the lifestyle that I've been accustomed to You know hard that is Yeah, it's hard You know During your working days, you're making, you know, probably the most amount of your money probably when you hit 35 to about 55 That's the maximum earning potential range right there And you're looking to maintain that amount I mean look at the renderings on a million dollar portfolio at eight percent now You have to keep that million dollars exposed to risk to render that 80 thousand dollars of profit, right? But You know minus taxes You know now you're down into a nominal salary range.  Right or even better you come down to the dock You could listen to the eight track, but I don't have money for one. So I'll probably be playing my guitar Right, which is free of charge credence clear water revival So, you know, it's one of those things lifestyle. You've grown accustomed to man. That that's a tricky one You want to maintain that lifestyle, baby? You better get the work and I think a lot of people define a lifestyle right now in their early time They're giving away the farm. Maybe there's no way that they can maintain that into retirement. No freaking way All right, it's like, you know justifying a nine hundred and fifty thousand dollar house right now. That's awesome I'm super stoked for you man. That's great. All right People like me. I don't have that luxury. I can't do that.  They don't have that I have to make decisions that are conducive to staying on my own two feet, right? All right Okay Acknowledge how life will change. This is a big one. This is number nine Um, do you expect to have the same medical needs later on down the line? Things that you could prepare for now. Do you have the ability to? Drive As as freely as you do now things to take into consideration Do you expect to be as mobile as you are now? Do you expect that the the vibration that you enjoyed earlier on in life isn't going to come back to create Health issues down the line, right? So access to health care long-term health care things like that all Issues all of them Solved by money Money's the root of all evil. No, it's not it's a solution to a lot of this world's problems Ah Mm-hmm Put that in like pop and smoke it do it seriously put it in your glass drink it do whatever you got to do I'm right Okay The people that are complaining all the time about the government owes me this and this and that and this that failed to Identify the fact that the government at some point wasn't just going to give them stuff indefinitely Okay, there would have been a time where it would have been nice Maybe that I do a little prepara on my own. Yes. Yes follow Good I just imagined chris farley falling through the table. Oh god It's bad sound by the room I have that book.  It's a it's fun for me. It's a fun project. It should be fun But at the end of the day, man, do people honestly believe that they can do it? Yeah, I don't know. I don't know. I it's I'm a searcher, baby. Okay a lot of people sense that about me Right. I'm a searcher man. I'm I'm trying to find I'm a searcher in so far as that I admit to an audience that I'm I don't I don't have the answers If I did I wouldn't be searching You know Perhaps maybe the portfolio would be bigger. I was talking to matt earlier, man If I had just bought into the Detroit market in 2009 I could have bought half of Detroit when I moved there initially. I'd be a multi-millionaire now I did not do that. Okay. I had an inkling that it might be a good time But nobody in there mother was telling me it was a good deal to buy in Detroit in 2009 2010 Right ended up being the most lucrative real estate deal. I've ever wrote a chronicle that on the channel but you know, it's one of those things that You you got to believe man You got to believe that you can and you got to pay attention You got to adhere to some of the things that I talked about in you know You're going to relinquish some of the power later on in life that you have in retirement And I I think So many people fail to kind of identify with the idea of working hard now for the payoff later And I think a lot of people look at it too and be like Yeah, I'm a Ryan guy. He's kind of sucky man because it's like I I just want to blow my wad now I want to blow it my wad over and over again I'm 19. I just want to blow over and over and over again. This guy crazy He crazy man. I just want to spend it all man that 20 shots a Yeagermeister Man alive money well spent man. It got all the ladies attention at the bar man. It was I was a king I was a king for a night for sure Ryan you crazy Top in and rip through some portfolio guys. I hope you enjoyed that that was pretty funny That's gonna be fun to watch back on the on the give back. I can't believe what I just said, but hopefully it was good Hopefully hopefully it made a mark anyway, but anyway So this week we proved to ourselves that stock market investing could actually be A good thing. Whereas the last year has been an absolute atrocious ride for the i2. It's been terrible I've been absolutely Tranching through and pulling you guys with me like mud people. Yes, we are the livings that that that can be on the i2 tranching through the swamps of of of negative markets But we're up We're up huge week over week. This was another good week second week in a row markets have been really quite good ladder piece of july And it's been I don't remember the last time it's been good. I was asked by matt. What do you buy and run? I doubt I don't feel like it's right I think what I'm doing feels right dollar cost averaging the markets A few times more aggressive than not I've thrown a couple $10,000 bullets at this market Strategically on big big down days and we haven't had one of those for a while Couple months. There was a time there when we were going through nine hundred thousand 1100 point drawdowns in a day Yeah, I was taking advantage of those, baby. I sure was that was the only one right?  God dang it. What are you buying in this market for? I don't know. What else to say Do the opposite of what most people do and you'll be just fine in this life, okay Don't don't adhere to what most people say is right. Okay, even me. Okay. Just Just just ignore it all All right, this is roth one almost back up to the hundred thousand dollar mark. That's a good thing I guess I don't know I don't I it'd be interesting. I have no idea what a hundred thousand dollars looks like I know what it looks like digitally, but I have no idea what it actually looks like in physical Dollars or hundred. I don't know be interesting. I don't know. So I thought that just came to my mind. I don't know I don't know If I can't turn this into something material I turn over to kids because like I said, I could be happy right down at the marina on my sailboat playing ccr That's I could be happy. I'm happy now. I could be happy then I'm on a boat Lapa luxury baby again as long as the bilge pump work the bilge pump has got to work. All right, that's important So as long as that dock master can give me some shore power Right to make sure that when I'm sleeping my my boat doesn't sink because that's kind of embarrassing Be honest with you then I'd be all right This one's up. We cover week 84,400 dollars Ali Baba the most disappointing stock that I've bought in the last 10 years Mm-hmm. Yeah, that one really got to me Highly honest been not so good. I can live with it. So if I good to go will work out well But yeah, Ali Baba has been a tough one. That's been a tough value play that has just really been absolutely crushed But we are up irrespective of that The M1 finance portfolio is going and chugging right along here approaching that 25,000 mile milestone Pretty cool stuff. You can find all the links to all of these portfolios in the description of any of my videos and If you are concerned about me making a small affiliate commission Please do not click on said link because I might be paid a few pennies for providing that referral to you Okay, it contributes to that $10,000 on a month. I make on youtube. I'm I'm just kidding All right, I don't wait. I don't make anywhere near that. All right Calm down. I'm not quitting my day job to go to work for youtube. No way Um, and you're not an entrepreneur if you work on youtube.  Okay. You work for the man calm down. It's all good If you enjoy the work great pursue it. I for one enjoy my live stream Which I don't get paid very much for which is all good. It's my hundred stock portfolio. It's very good It's up again up up is good Up and slightly to the right 32 thousand eight hundred twenty eight dollars. We can buy a few big max with that The bonds portfolio, this is something that I have a strategic goal of 25 000 on the top end to get to and we will We will I think it'd be nice Uh to get up to that funded up to that amount and then when I move into retirement I actually think it'd be nice to have one tenth of my wealth and in bonds. I do So a hundred thousand dollar bill in this account would be would be actually very nice The thrift savings plan. I wanted to report to y'all the y'all. That's kind of funny. Um, I actually am from the country Hey, just off the topic if you need you guys are looking for some good television Check out shania tweens latest documentary on netflix very touching I was um, I shed a tear. It was amazing. It was amazing. Check it out. It's very good If you like shania twain, uh, check it out. Her story is absolutely motivating. It is absolutely fantastic Which is probably why i'm digging kind of deep because I was inspired by it.  Look at that and you got to watch it all the way to the end Anyway, we are up actually you're to date in this point nine percent. Can you believe this almost one percent up? I just think it's just terrible.  I'm up one percent. Okay. I'm up after all of that.  We're up year to date and the thrift savings plan I can't believe this where this goes It's going to be exciting because I dollar cast average the heck out of this during the downturn very cool stuff Out of robin hood. This is a vanguard's growth. Which is actually gaining some traction here It's been nothing but horrendous with the sell-off and amazon and google I was telling matt money that if you could have bought amazon and google at the wrong time That was your boy that could ryan Right very very good investor. He very good. He very good wealth building man. He's down 21 percent in google and 30 percent in amazon 25 percent something like that, but we'll be good We'll be good. I took it through the split. We'll be fine We got to continue to to ride those out. But the vanguard's growth etf. This is weeble. This is the mid cap etf This is swiss f which is Secure Secure Products this is really cool cool cool company man. It was up 17 percent today interesting very cool doing some good stuff Good java lane gi is the ceo of secure doing some great things Hosting your data in switzerland on their servers over there not subject to the cloud act 2019 It is a paid service, but then again, you're not giving away your data to microsoft Google amazon web services and the like to bastardize and sell your information Information war going on right now secure looks to to uh to solve that We're not going to talk about crypto what a what a crap shoot that is and there is the Grant total of the portfolio. This is why you subscribe to the lep channel This is why you shouldn't listen to me when I say to sell everything and go and you should subscribe to the duke of York go subscribe to the duke of york. He's very very good He has 160 patrons to his channel But he's looking to grow his message because he has a secret that nobody else has on how to grow wealth Okay, grow wealth In all reality, this is reality. Okay, uh, I typically like to keep the dialogue to a minimum and Provide you the goods He has promised to actually share his portfolio with his grander youtube audience is robust YouTube audience out there, but you got to wait and stay tuned. You got to stay tuned I just give you the goods. That's it. That's me job. I don't have a big qualms about a number I don't think I'm anybody special at all as a matter of fact Um, I have been that fella on the boat down in the trenches, uh below people sewers Yes. Yes. In fact below Yes, I've been there. I can speak from experience a lot of people would have a hard time actually digressing to the To the below the trenches lifestyle that I've carved out for myself been there done that That's why everything as of now seems like a bonus in all reality. I think you guys should Find a deeper perspective find that meaning It's one of the cool things I talked about tonight find the meaning in what you do Know why you do what you do investing. Yes. Know why you do what you do. I know why I love my wife I know why I take care of my kids and you know why I go to work every day and why I try to stay healthy with them Why why why why why why why I and also why you don't do certain things Why I don't buy a new car every year. There's a good one I invest in a car that's going to last me 10 years minimum. Hey, there's a good rule of thumb for you I don't know sell everything. No, you don't watch this hack. All right, fine. Don't watch me turn me off I don't care There will be 300 people to catch this youtube live stream And if you actually sat through 58 minutes free of charge free of charge, all right I watch tony robbins. I love tony robbins huge motivator for me But you got to pay $6,500 to go watch tony robbins. How much did you just pay me, right? Zero you paid zero zero money zero to subscribe to channel I come on provide the goods through the equipment. It's all good, man. If you paid attention, you're probably better off for it Very important have a perspective about this gig one down. We'll keep it below 60 minutes tonight guys Really appreciate it. This was a cool topic a little bit A little bit different than the norm.  He did not come on. I invited him But I do have a record of invitations to trolls to the independent investor channel of 178 no So I'm still looking for my first taker when I invite them on to debate me the razor tongue Um, I wouldn't want to debate me Mm-hmm. No way especially for as shallow a criticism as I got from This individual I bid you all the best luck in your life.  Okay, it's the glass house Philosophy, I think most people need to be paying attention for the most part to what they bring to the table and what they think And not necessarily what they think other people bring to the table. All right Pay attention to yourself man. You'd be so much better off to do man. So very cool guys, man I'm sure matt and the and the gents men are gonna daisy chain over I would invite you to kick over subscribe to their message if you're not yet This is the best corner of youtube the most Loved and actually the most unknown corner of youtube To talk about in the trenches reality Budgets budget finances Financial discipline wealth building and tonight we talked a little bit about the inevitable Walking into retirement with a lot of confidence man. That's the key and if you took something away with with this Hopefully you did and hopefully you're better for it guys. Thank you so much for tuning into the fastest 60 minutes on youtube Really appreciate you guys. We'll be back with you next friday At nine o'clock eastern standard time on the independent investor channel be well. Take care of each other We'll see you next friday Oh