And welcome back to the independent investor channel here on a Friday live stream always looking to drive down for individual investors looking to seek out those disciplines that actually work in real time contrary to Really different approaches and different styles of wealth building We we really do look to challenge what what I feel like is perceived more normal operations in kind of putting Your financial discipline on ice for for most of your life and just allowing it to to work or or not contributing at all I think the goal here on the channel is to really drive home some of those mental disciplines for investors that can really provoke thought I get you thinking in a way that perhaps maybe you didn't think was was capable You know that there are no boundaries There there are certainly There are certainly distractions There are certainly lines of thought that would lead you astray There are certainly disciplines that will see your investments retract in value The only sure wire a sure fire away, I guess of of ensuring that you don't lose money per se is to not invest I Find ironic and I challenge anyone to Really entertain this idea of your perception of money, I I think it's it's all too often very convenient for individuals to justify certain expenditures Certain lines of thinking with regard to what is acceptable and what is potentially not acceptable in the financial realm It's amazing how critical we can be over those looking to get ahead Looking to save a few dollars for their financial future. Maybe establish Somewhat of a legacy for the next generation. Look guys. I'm I'm not a fortune teller All right. I I don't know what's gonna happen tomorrow. I work with colleagues. I've met people who Desire to spend every dollar that they have That is not me Hopefully what you can glean from the channel is a perspective about money that would suggest that I'm actually more happy being in control of my spending and disciplined and finding happiness and those things that Don't necessarily Have anything to do with money Or or directly involved with money in in any capacity at all It frees your mind In a way that allows you to really focus on those things that are important and Then you're left with lingering surplus over here That you've got to do something with Some people donate it they Would donate to charity or or or give give their surplus away if if you're lucky enough to be able to Help those less fortunate than us But I think it on a granular level becomes significantly more simple in people's day-to-day application those individuals that are working every day to pay the bills to Put food on the table and to put a roof over the head This discipline speaks to you You're gonna have to subject yourself to a few minutes of devotion on the channel. There's a few devote subscribers I see making their way into the channel and for that I thank you They know the routine and they know how important it is to to pay this message forward because Where I might be able to say a few things that get through to people Or speak to people on a level that really does relate with people That does really hit home when we're discussing some of those challenges that were faced with day-to-day bills insurance Relationship challenges financial challenges professional challenges all of these things that We face in our everyday lives This is one of the most controllable segments of people's lives and I contend that the infinite The infinite kind of makeup of financial savvy and and the financial topic in and of itself is Interesting to me because it's one of those things that can cause the greatest amount of stress in people's lives It can really permeate those other aspects of life It can negatively affect those other aspects of life or directly be a source of stress in and of itself when Trying to meet bills, but you're unorganized Trying to meet bills, but you have spending discipline issues You know, you have a hard time compartmentalizing money awarding different categories of wealth For you guys that were with me a couple of weeks ago We talked specifically about thinking about money in ways of financial thresholds and I know for a lot of people it might have been pretty obvious and I think a very simple response to that message would be Okay, Ryan. Sure. We get it, you know to get to your first thousand bucks You've got to at least have your first thousand bucks in the bank To have your first 2,500 5,000 10,000 we've got to get to those levels, but I I challenge you to think about this my friends I think a lot of people are quick to challenge Those like myself who are really trying to break down this topic from a mental perspective because the physicality of it is you can do it You can absolutely do it You're your own worst enemy and a lot of people will justify not being able to do it By nature of the fact that they feel more comfortable blaming somebody Than to try to initiate some level of discipline over their program to achieve financial thresholds Those thresholds that I throw out there are achievable by anybody and I don't care if it's $2,500 of personal wealth that you're able to achieve over the course of your entire life my friends the The the the statistics are staggering With regard to global incomes and how little people globally make We would consider ourselves certainly in the anomaly category I think we're all very very lucky to have the opportunities that we have But there are people right here in our own backyard that would scoff at the opportunity Not allow themselves to get out of their own way to pursue some level of wealth that is Over and above what they what their potential is and I think when we when we drive those points home and we start to suggest that Look, we need to get up to those financial thresholds It's very very important for people to kind of identify where they are on that spectrum to really look at You know what their next financial threshold is Perhaps they own one account And through that one account you can move through all of the thresholds of wealth and using one account Certainly different Use cases can be made for the inflow into the checking what the savings account can do for you guys I did share with you guys my personal initiative to uproot and transition to fidelity that is proving to be a successful venture Don't think for a second that you're going to transfer multiple accounts overnight It's looking like some of the accounts that are going to be like in kind Transfers from M1 finance actually to fidelity I've always said throughout the course of the channel that M1 finance has just been a fantastic wealth builder for me But once I got those accounts up above 25,000 I would consider Transferring those over into more of a major brokerage house and My goals are a little more simple than that. It is to consolidate the number of the accounts that I have To one broker number one and number two is to earn a higher-than-average interest rate and Bank of America Miserably failed in that category to provide me what I felt like was fair and and so the Choice really wasn't that difficult when looking at The amount of of interest that I could seek out and gain from that But I think back to my point about whether or not you own multiple accounts or you you start to look at You know this financial thresholds in a way that really forces you to imagine yourself On that next pinnacle or that next highest mountain and and I think people all too often don't give themselves a chance to really Imagine themselves at that summit You know, there's always a higher mountain to climb There's always more that can be done And there's multiple mountains out there in the multiple ranges that we have across the global globe and and and those analogies really hit home with people because I Think a lot of people perhaps maybe I'm wrong. I hope I'm wrong Don't really look at themselves in a position of success And I challenge this idea that would that would suggest that people If provided the right level of motivation could actually kind of come to terms with the fact that Maybe they need to give themselves a chance look if they start to identify some of the disciplines That I talk about start to think about money more as a as a mental approach as a mental game However, you want to wrap your mind around this thing? Because the benefits can be tenfold Once you start to become a saver it really opens up avenues that Look without money. You're not going to be able to put that sizable down payment down You're not going to be able to enjoy retirement the way that some of my Devote subscribers disclose here for the group to kind of revolve around this idea that success should not be one of those things that is Feared it should be it should be some of those things that are embraced and you guys are your own personal brand There's no doubt. You guys might not start a YouTube channel You guys might not ever start a Side hustle you guys might might be making you know day-to-day income You might be making that career on income or that salary income and that's totally fine, too It's whatever you bring with your personal best that will allow you to look at those X number of dollars in your monthly budget and and start to identify that potential for surplus capital Look, you want to go rent to BMW. You want to go lease a BMW You want to drive luxury car? You want to buy a luxury car? You want to overpay for a house if you want to deprioritize savings and financial stewardship in your life My intent here is not to suggest that you are Wrong Market fails tomorrow you end up being right Is that any way to live based on what we know about financial markets and How powerful they can be over time So when I talk about those financial thresholds, I really want you to Think about those as the as the summit or the Now the top of the pyramid if you will When you're starting to imagine yourself at the top of that pyramid and say and look I've got $2,600 and 75 cents, you know My next financial threshold the way Ryan's talking about is $5,000 The deeper question is what do I need to put into the account to get there? And how long could I expect to get there? Um, is it even my goal to get to the next financial threshold? You know a lot of people I find Interesting in that I know that they've never had over $10,000 of personal wealth either saved Or invested in the market because they are the first ones to talk about All of the newest and greatest things that come out 109 inch TV that you got to buy to um to make sure that you're the talk of the town during the Super Bowl party With your seven layer bean dip and or your seven layer Chip dip and your 109 inch TV Always happen to have the latest and greatest thing You're always looking to save up to that 25 $3,000 and then there's some sort of life expenditure that comes along Some sort of extravagant purchase maybe even a sunken cost that comes along The car breaks down the car needs a repair You know somebody needs a dental some dental work done and and there you go The money gets spent down just as easily or more easily than it was to actually save up to that amount The the idea is to look at those financial thresholds as not as a a backdrop for life's expenditures I want you to consider the importance of Savings and I want you to consider the importance of of a savings account and having some liquid cash available to you However, I'd like to look at the financial investments in equities as being kind of that sacred avenue in your portfolio What i'm going to share with you guys tonight my friends is something to further your understanding of how I look at the internals of the pyramid or the internals of the structure that makes up a portfolio and I would suggest that many of you guys are going to relate with this idea But I think a lot of you guys are probably going to sit across from me and say Ryan that is radically simple But it is genius. It is really genius to think about wealth building in this capacity It's not about the nine cars in the back 40 that are growing grass out of the hubcaps Albeit there's probably some value there, but this is just another way of thinking about different pockets of wealth That aren't necessarily right in front of your face in the form of rare art hanging from the wall Christmas presents under the tree, right? premiums that we pay to insurance to drive our vehicle our vehicle themselves as a sign of wealth etc etc But how many people have actually thought about the particulars of their portfolio as being contributors to meeting those financial thresholds And let me give you the rundown of my particular portfolio. I'm very very open with What I discuss on the independent investor channel. These numbers are real You know as a social media content creator I could come on And and and make stuff up And and when we're talking about Numbers and we're talking about financial wealth It's often interesting to me how Your number Can really give you a lot of credence in the financial world in other words if I was a millionaire I am not I'm sitting on just over half a million dollars of wealth And and with my income That's pretty good I would say that in the average class of people who make the money that I make I would say that a lot of people would even potentially struggle to to to have Ample capital to enter into retirement somewhere down the line okay but When I look to break down money thresholds for people I really want people to understand How I see value In this particular aspect Okay Now you can go buy an item for retail at the store look at said item And identify whatever value in that item that you want The fact of the matter is there are very few Things in this life That will be worth more down the line Then the day that you bought it Eat to break it to you A lot of people will argue with me If I buy a gold coin now ryan, it's going to be worth more in the future perhaps If we end up in the apocalypse, you can eat those gold coins and it'll sustain life for you. Okay As I will be able to chew on the dollars that I have and have accumulated over time and my portfolio which is going to provide real value to me and sustenance In the time of need during the apocalypse, right? So thinking about the use case and the value that something provides, you know, my idea when I look at money Now is that it would probably have more of an impact if I just took the whole Thing and just piled it on a table and looked at it and said, okay. Yeah Here's this pile of money. What good is it? What good does it do me here in this form? What can I buy with it? Is Is it enough to actually aspire to what I really want and what I truly find value in? All right Hold that thought a bit and I'm gonna run down the numbers with you guys And I want you to keep in the back of your mind The thresholds of wealth that we're looking to pursue and for you guys that are new to the message And this is all foreign to you and it's going right over the top The thresholds of wealth. They're very very simple $500 Represents the starting amount in anybody's investment journey $500 of starting capital the next financial threshold is $1,000 And then up to 2,500 5,000 and 10,000 it moves to 25,000 and then to 50,000 100,000 to 250,000 500,000 and then 1 million. Okay There are 11 total thresholds of wealth The idea is that you are either at step one or step 11 or beyond Now we don't count the 12th because the 12th starts to get into Eight figures of wealth and there's people in the group who are working on That 12th level of of financial wealth, which is two and a half million And then to five million and then to 10 million. Okay But we typically try to drive the conversation toward those thresholds of wealth as I presume that there's People who are finding the most of value in the message From the 500 $500 amount to the $10,000 amount Because where I can pick out many many people out there that have those Accounts started with 500 or 1,000 or even maybe 2,500 quickly There are significantly fewer out there that actually have $10,000 of wealth That's put away and invested in financial markets. We know this when we look at the lack of emergency capital That's put to the side But I'm going to answer this question for you in a way that's going to help you understand What is it that actually goes into these set accounts? That's going to help contribute to meeting those financial thresholds And here's how the numbers shake down for me. These are estimates now mind you a $2,500 asset that's worth $3,700 Only got recorded as a $2,500 asset even though if you rounded it up It's actually closer to the $5,000 threshold A $4,100 a $4,500 actually got recorded as a $2,500 asset Okay But as we're looking to put the pieces in play to contribute to our overall financial goal down the line My friends I joke with you all the time and suggest that you're going to have to put some capital to risk The only way to guarantee That you're not putting anything to risk to the downside or upside is just to not invest at all And that's just not my game if you want to go somewhere else and hear how to accumulate large sums of wealth By doing all kinds of different behaviors. No problem I just happen to like to share What I'm doing here on the investment side To to put these pieces in place place to kind of start to organically grow wealth over time. All right So the pieces that make up the portfolio. I've you're marked as hundred dollar positions $500 positions $1,000 positions $2,500 positions $5,000 10,000 $25,050,000 and we're not going to talk about hundred thousand dollar positions In this video because for the sake of example You guys will understand coupled with the financial threshold lesson that I gave a couple of weeks ago You'll understand how wealth building can truly take hold at the organic level. All right So $100 positions that I have right now accounts to 107 There are 107 $100 positions Scattered through the portfolio whether it be forms of $100 a hundred dollar position It could be anywhere in between a hundred and five hundred dollar position So the reason I share that with you is a hundred dollar position that I disclosed to you Could be a 450 dollar position Okay in a particular stock A lot of these stocks to summarize for you were comprised in the m1 finance dividend portfolios as well as The single stock holdings that I have either in the Roth or the taxable accounts.  I think if I watched you I could actually build wealth You're right If you do tune into the message and become a frequent visitor All I'm going to ask you in payment is and I can't give it back as the time spent on the channel. That's it Unfortunately, I can't by nature of osmosis Wrap up these eons in my brain and put them into the mail and send them FedEx to you I can't do that.  Okay. I'm an organic thinker I think this game has a lot more to do with your mental approach Why do I know that because I have thousands and thousands of people From thousands and thousands of different backgrounds hit me up all the time and they're like ryan right on I can I did it. I did it this way. I did it that way And they all have themes That I'm going to kind of talk about that really do speak to this philosophy about Breaking down wealth building to its purest form starting with one dollar Okay, how do you go from one to two? How do you go from two to four? How do you go from four to eight eight sixteen and so on as we wealth build? $500 positions. I was able to count 25 25 $500 positions So as you guys are kind of looking at this and being like, all right, you know ryan's talking about These injection points and these injection points 500 to a thousand could be 700 800 dollar positions that I've got in a variety of different stocks. Okay Positions like McDonald's home depot positions of companies that I really want to earn for the own for the dividend But I don't own a whole hell of a lot of it. All right And over the years I have learned to kind of control my scale a little bit I know 2023 has been kind of a lesson in that specific category for me You know the risk was put on the table And it was probably over the front of my skis I typically enjoy the philosophy of investing a little closer to the vest And if a company like home depot does well, I benefit from it. No problem But if I just get over zealous and I throw a $10,000 bill At a mcdonald's or a home depot or or a coca-cola or or whatever Or a disney, right? It's amazing how the philosophy Or the approach to a stock or the strategic direction of a stock can change even in our blue chip companies It's just happened as of late and nike. He just went through it Disney is a perfect example Sales force just got drawn down. They had just had a blockbuster quarter They're on their way back up as we speak but every every stock really does have its day And if you're subjecting your money to single stock risk I've found that the best defensive mechanism is to control your scale to those companies even great companies like Like amazon, I mean, that's one of the larger positions that i'm going to talk about but You know google apple some of the larger microsoft some of the larger positions But some of those positions like legged and plat Some of those utility companies Some of the energy companies cyclicals like shell oil Exxon chevron companies like that cool thousand dollar bill in the position And we're good to go but the 500 to a thousand dollar positions anything that fell within that bracket There's 25 total. So we're up to You know 132 total positions here 132 specific Injects of wealth and you're like Okay, ryan. Those are hundred five hundred dollar to a thousand dollar positions I'm not i'm not impressed What you need to start to wrap your mind around is the idea of establishing these positions And growing that specific position Into the next Position in line to help fortify that total overall account threshold of value All right, we don't achieve thresholds of value to sit on our haunches and say, okay, i'm done now If you're at the 11th or you're out the The 12th mind you Potentially, maybe you're more in the driver's seat to make those decisions than somebody that's just starting out Okay, but I know people in that position that are actually in the group here I see matt money popped in tonight to say hello, right? If you're if you're in that position I don't want to speak for matt, but I would suggest that He's probably just getting started. Okay, so for each Person and their application and what they're trying to achieve The game doesn't necessarily have to end just because you meet that threshold if I looked at it and said my goodness If I was a millionaire, you know, I could do this this this and this But you haven't got to that first 10,000 Right, so you don't need to be aspiring to those thresholds that are out of your reach I'm not saying they're unreachable But you want to make sure that you're going through that progression carefully And by the nature that I suggest is the most productive to do so now for the thousand dollar positions I had 10 10 now these are positions in between 1000 and 2500 dollars. Okay, so there's 10 positions They could be 1700 dollar positions $2,000 positions 2200 dollar positions, whatever if they were under that threshold Then so be it. I counted that as a thousand dollar position Even though it could have been north of a couple grand so 10 positions there And the same 10 positions of 2500 dollars and above the 2500 went to 5000. So any of those four 4500 3750 Those were all counted as 2500 dollar positions. So we've got 10 of those. Okay Now none of these that counted for one counted for another these are singular standalone positions that are growing wealth every single day that were subjected to market conditions. All right, so we're looking at 132 142 152 positions with 10 of those positions on the top end as we start to build this pyramid out Of 2500 you can kind of start to see the method to my madness. This is pretty cool, Ryan I'm not going to be able to sleep tonight Because I found my way to your message and that's pretty awesome.  I appreciate it It's the season for giving So congratulations, uh, if you found a little bit of motivation through the channel 5000 to $10,000 positions Stack out at 16 There's 16 total of those positions And I would suggest this if I can just kind of define these positions a little bit for you These are positions that are more likely to be single stock blue chip companies high dividend payers And probably even a couple of ETFs to start to get introduced into these larger positions But 16 total of those positions in between five and $10,000 now 16 guys 16 positions for a lot of people out there that could be coming to the channel They could be looking at that as their first goal Because they're not invested yet and they could be saying man. I want I want five grand invested Well, I've got 16 of those markers here because I've been been invested for so long Um, now I'm a knucklehead just like the common folk out there. There's nothing special about what I'm teaching along Okay, you don't have to have some artificial intelligence to put these things in place I break it down so stupid that even a freaking mole could invest this way and make money A turtle Could invest this way and make money Okay, this this is not hard It certainly does scale to the masses It does need to be coupled with a little bit of an incentive to want to do But if it is something that you want to do you can really kind of resonate with this idea that I put forward On establishing these different pockets of wealth That's why When you take a $50 position in a in a specific stock you buy 10 shares of AT&T here at 17 bucks It's 170 bucks cut it in half You know, you got an $85 position in a stock a less than a hundred dollar position That's below where I start to even track this But is it fair to suggest that potentially over time that could meet that hundred dollar threshold And and really start to build and materialize on itself Okay, so you can kind of see how a starting position and I bought stock for 50 bucks when I first started this I was like, okay, 50 bucks to buy stock Now I typically look at blocks of you know, 25 50 even blocks of 100 Shares at a time even the big boys it doesn't really matter But when you start out, it's it's very important and prudent for the new investor to understand the power Of each one of those dollars that are put forward to those assets that you own Nobody else owns those Okay, if you got the motivation from the i2 no problem. I'm not going to send you a bill. It's okay Go forth and prosper.  No problem declare to you very very simple. I don't carry debt The secured debt that I own is on the cars Car, excuse me. I own one thousand dollars on my truck. I'll pay it off in a couple months And I will have no debt I don't know. Maybe I should just fall and tilt and go buy some stuff Credit on the credit cards. My goodness. My credit cards are funny. I probably have Alpha doesn't credit cards couple business accounts credit credit here the main credit. I use every day $50,000 credit limits some of the credit card 50,000 50 hell I probably have a quarter million dollars worth of credit that they would love to just throw at me and just have me fall on tilt and and get into hawk With them for a negative 21 percent or a negative 29.98 percent I'm not even going to talk about the fast cash 500 interest oh ryan.    They're evil places, man They're evil All right No debt That's why this stuff works Because everything that i'm declaring to you the 107 the 25 the 10 the 10 the 16 I'm going to get into some big positions here guys Those are all working for me in other words. I'm not losing Or gaining money through dividends and appreciation Um, you know, I I haven't put my money in a position to enjoy the last Oh three weeks of upswing in the market. Hell, we're probably up 80 grand You know, I haven't put myself in that position to just lose it out of the back end to visa or mastercard Right simple Have I been in debt? Yeah. Oh ryan, you've had it easy on your life.  I can't afford it. No problem pay 275 Ryan I can't afford that well What can you afford those are the questions that you need to start to ask yourself to kind of claw yourself out of that and enjoy some of this positive self-directing approach right and you're really going to Enter into a world that's much more fulfilling and understanding the power of your own entity I don't allow people to touch my portfolio I get solicited all the time it just happened a month ago from bank of america ryan We're interested in bringing you in under our managed accounts.  It's not like there's a stock market for us feeble Lemmings retail investors and then the professionals invest in another form of apple Okay, it doesn't work that way The upper echelon of the portfolio when we start to talk about $10,000 positions These are in in between 10 and 25 So you could have an $18,000 position here that I earmarked in the $10,000 category But make no mistake these positions these three positions that I've got Are north of $10,000 amazon is $14,000 and change Not about a hundred and well, there's a hundred share position in the in the taxable and another 50 or 60 shares In the Roth, so those would be two separate holdings, but the one share owner the hundred shares in amazon 14,040 I think it Traded up to 147 today anyway, right? So that would be counted as an over 10,000 position. So three of those Okay, uh three positions at 25,000. Okay, so that's 25 to 50 So I had one position my position in uh, bo o Is worth about $44,000 That was actually counted in this category. Okay So three there in the $25,000 category and then my two largest positions over $50,000 each There's two of those. Okay so Why why do I disclose this? I bring you back in summary of thinking about financial thresholds of wealth and my audience sitting across from me and being like No kidding if I score more points than the other team. I'm going to win the game, right ryan Very funny. Teach me something that I don't know Well, if you could get over yourself for two seconds, you'd realize that the thresholds of wealth is a phenomenal benchmark. It is a phenomenal definition of swim lanes Okay, it's an opportunity for you to identify where you are on the spectrum step one step 11 step six right and then identify How it is that you can embolden yourself in the shortest amount of time To getting to the next financial threshold in the line, right? so that's kind of holistically how when I've talked on the independent investor channel about self-directed investing It becomes a whole lot less about Finding that perfect stock and a lot more about establishing these multiple positions In stock that are allowed to move through financial thresholds over the course of my life I would say that the 50s are going to turn into hundreds Okay, I would say that the 25s are going to turn into 50s and so on down the line All right The idea for people is to resonate with this idea that if you're going to start with 150 position You can start to grow those positions over time With the amount of time that you have I just give you some insights from a 46 year old guy That's been investing most of my life. This is the material Impact of of those initiatives over time. All right Very cool stuff guys I try to want to get to some Some comments here some shotouts to some people who made their way in there Was kind enough to come in and say hi to me and the first tonight Absolutely some of my friends from the hood would follow your channel and message Um My comment to you I meant it This is a cool message Again, I and I've said this on the channel Um, I don't like to refer to people as rich or poor Um, I don't like to refer to people as black or white I just think people are people I think I think I do believe that there are good and bad people I do I think that there are bad people that can find their way to my message and make financial wealth all the same In other words, this message, uh, doesn't discriminate It's there on the table It takes the right mix of pedigree to put that initiative to work In other words, I as powerful as my message is It cannot help people who are not willing to help themselves. It cannot Um, so if you expect magic If you expect to get rich overnight or even in a year, it's not going to happen for you Um, you'll invest in a year later. You'll be down And you'll be Throwing rocks at the independent investor channel. Boy, I tell you, I remember that night He was talking about financial thresholds and I can't even get to my first $500 threshold. Well, really? I mean you invested $100 and you expected to 5x your money over the course of a year And you didn't add $10 a month to that Because why you expected that $100 to materialize into 10 grand in a year It could have with the proper infusion right With the proper discipline But I just appreciate the hell out of you Raymond. Thanks for coming on and saying hello, man Very cool stuff. You know victors in the house Victor good evening. It's great to see you my friend Happy holidays to everybody man. It's great to see everybody I feel very blessed to do this project. I really do. It's a lot of fun for me, man Uh, it's an honor to get to know people like this Yep, the payment is inherently made to me through the message That's for sure And vote of confidence here is kind of cool. Actually, I'll let you guys read this comment All as well just got back from traveling around enjoying retirement fantastic stuff Really cool stuff. It's um, it's fun to know that the fundamentals of the message can Resonate for people Maybe give a little bit of acceleration along that line or or maybe just a reaffirmation of what you're doing These are Disciplines that can kind of stand the test of time for people You're at your most vulnerable when you're establishing those $100 positions here at your most vulnerable Okay, you're going to invest a hundred dollars in AT&T and it's not going to go up over a hundred dollars for five years and you're going to be pissed Because you're not a millionaire. All right.  I don't this doesn't make any sense to me, Ryan I'm going to buy one share of the s and p 500 Less than five hundred dollar position by one share And I'm not I'm not happy because that has not even materialized to my first thousand and I've come back and I'd be like you expected that the position was going to double After a year do a little math on it guys. I mean be a little realistic with your expectations of what you expect over these portfolios I'm going to give you the secrets of of how putting these particular pockets in the portfolio Is is is a lot? But is it enough? And what can you do to further infuse those positions? That's the greater question. Okay Wealth building is just that it is building wealth over time.  Okay. I get it Um, I know how much you want that 109 inch tv and I I get it man You know the jets are going to be in the super bowl this year and I tell you what you don't know when the next time that's going to happen Um, Detroit Detroit's going to be in the super bowl this year, right? And you don't know the next time that's going to happen, right? Um, this record that they've got going on is the best since 1962 ryan. It's not going to happen again I have to pay. I don't care what it is. I gotta buy it Yeah, try skipping a year. I don't know Demonstrate a little financial discipline man. You'll be glad you did. All right. Very cool stuff, man Get some folks down here. We can make some shotouts and get chris in the house I want stocks. You got enough stock. You're good. Don't be greedy. Don't be greedy Good to see him my friend. That's the only thing I enjoy buying actually Be honest with you. Um, and right now I'm really just uh Really just sitting back on the dollar cost averaging. I infused a lot over the last three years on Some stars incurred over the last three years. No doubt from unfavorable market conditions, uh as it pertains to my growth and portfolio. So You know, I'm watching the performance. I'm still funding markets, but uh, boy every day that goes by it's uh It reminds you of why you invest Oil who said anything about oil you cooking? I know you're the oil man. That's good stuff It's like, you know, hard distractions. Indeed my friend be careful. You'll end up you'll end up with a wife Very cool stuff. Uh, it's been two months since your last video I'm during that time powers of power released a quarter Uh, a new video would be greatly appreciated. That's uh in the cards my friend. Thank you I just spoke with the ceo last week We're in Pretty constant comms There's some frustration with the stock because they're really turning out some very good results So with no reciprocation in the markets, but that is absolutely in the works And I appreciate you coming on and making that request to me. We'll make it happen for you bud. All right. Thanks, Eric Appreciate you Smoking two hearts in the group. Hello folks. Great to see you my friend fantastic Win channel tv. Good to see you man. Very cool stuff. What's up ryan tsp 23 k and wrath seven Limits both and 500 for 20 24 It's pretty awesome actually man. Um Now I was just I was just looking at the um the tsp. We started it in 2012 We're approaching that $100,000 threshold as as an account value. There's three holdings in there And that's actually one of my $50,000 positions is in the c-fund One holding the c-fund which is the s and p 500 for The tsp as you know 60 68 thousand in it Yeah, and I never would have thought that it would have grown that much but uh You know as you move up, I guess in the work and the surplus becomes a little more readily available Um, you know, I just put that stuff in the investments man. I don't need the money. I'm good. I'm good now I'll be good then Give me a hot tub. I'll be really happy. My goodness. I'll be in the lap of luxury I won't even need to go on vacation.  I'm good I'm just stepping in my backyard. I'm good with that Mm-hmm. Mm-hmm. It's the small things my friends. It's the small things Be jays in the house chris me too. That's present by myself every year. That's pretty awesome, man Pretty awesome. Good disciplines, man. You know Aspire to accumulate a little bit, right? Uh, you get a little surplus in capital. That's another thing I didn't talk about is You know a lot of people Don't or not are not prepared for windfalls of money whether it be tax infusion a bonus at work Whatever it might be a lot of people are ill prepared to know where those dollars could go Because they don't have the accounts established. They don't have the investments established They don't study financial markets and they don't know what they could potentially um, earn If they could just demonstrate a little bit of discipline and put some of that stuff into some equity, right? But um to each his own as far as that goes very cool How about stock at a coal company? It's a good question. I don't have a comment for you Um, I you know my material stocks shoot I can give you at least at least the material sector that I own just to try to help you out I don't know what your fixation is with coal Uh specifically But I will give you what I've got here in the material sector. Okay. Just stand by a sec Um Energy is the big one. I'll give you those first shell chevron exon Energy transfer limited in valero. Okay Materials in the big account is lind Air products and chemicals sure when williams bhp Depont and dow. Okay There are a couple of additional holdings that I'll give you now Yep materials, okay Rio Tonto So that's in materials And then I own a little bit more in energy in the smaller portfolio and imperial oil uh bp conical phillips phillips 66 sun core energy marathon petroleum total energy Uh kinder morgan and finally wood side energy, which was a spin off of exon. I believe A couple of years back, okay So sorry, I couldn't answer your question directly, but at least I gave you some thoughts there to think about You know each of these pieces of wealth that I gave you are all kind of sporadically diversified across multiple asset classes classes. Okay, so Just to give you some of those examples yo yo rinds changed my financial trajectory Well, that that's good.  I mean, I didn't I didn't I didn't push it for you, right? Yeah, I'm pretty good at this topic. It's it's I'm very very passionate about it It's my it's my very belief that I think that what we discuss Can actually do what you disclose here If I didn't think that was possible, I would not waste my time with this project It's not worth it for me to come on and blah blah blah for 60 minutes. A lot of people look at it that way. I do not I do not It's a good way to come on for 60 minutes easy enough It is what I truly believe to be very very fast because I love talking about the topic Seeing where my portfolio is now even when it's down. I'm happy. I go back five years You can really look at Sizable differences if you go back I sometimes get caught up in the short term and I'm like, ah, it's just not moving It's not moving fast enough. What's going on and you just have to always divert back to that That that plan approach and trusting that process yeah Like-minded people absolutely wealth-building Um self-directed investing man empowering one investor at a time. That's what we're looking to do here Great chat this evening. I appreciate you man. I appreciate you making your way in here And the last comment laughs instead of coal of my chevron Exile mobile lind and uh air products Those are all really good companies man. Very cool stuff and jared's got the last comment to the night as I get to some of these Elements to help infuse right so as we start to evolve in our discussion We've talked about financial thresholds. All right You should have more of an understanding of the brackets of financial thresholds You should be able to talk a little more intelligently about Something other than I want to be a millionaire and you have no idea how to get there, right? Um the the snide comment is well make your first 10,000 first Now you kind of have an idea of maybe I don't know aspiring to that mark All right, if you're just starting out You can do it Um until you prove to yourself that you can do it It's all going to be one of the toughest things that you ever do in your life I tell the story all the time the first 10,000 was the very toughest that I ever made And it's the only one I remember and I've made the hundred thousand dollar threshold Multiple times over the 250 threshold and I've met the 500 about a half a dozen times now I'm going up and down fluctuating looking for the next up up leg in the market. Okay But these are the things that really help so if you put these pieces into place What is how can we dig even more granular? Is it just the hundred dollar to five hundred dollar positions ryan? Or what are the attributes that make up each and every one of those? I'm going to give you a little bit of teaser from what we're going to talk about next week in the the attributes Of what we're looking to achieve What is the pedigree of that portfolio and I can give you some of the Some of the foreshadowing of what I'm going to talk about and what actually makes all the difference And there's going to be some people in the group that really agree with this. All right dividends all right sets itself apart The mental approach you can get that from me a lot of people think that they're just scared of markets and they're Scary and they need to be scared off the markets never to invest again I can give you that razor's edge and it's easier than what you might think to kind of sharpen your mental approach To taking control of your own money. It's a lot of fun that way The job helps a lot in providing the constant infusion into the program that helps a lot My side hustle makes a pretty good amount of difference for me It has helped in the separation of the day-to-day dollars that I earn and giving me a little bit more surplus capital to play with Especially on the speculative side of the house Passive investing has helped not being in and out of markets having a large bulk of the money in Passive assets that I just keep invested all the time Um, I talked about no debt. I will double down on that for you Get rid of it. It's just an anchor around your ankle. Okay Exercise and healthy lifestyle has really not a lot to do with the physical nature of the portfolio that I spoke about But what's the use of saving for your future if you're going to be? You know unwilling to be mobile later on in life, right and stay You know living that happy lifestyle and maybe get some quality of life later Dollar cost average is huge That infusion every week every two weeks to the portfolio over time helps immensely immensely So the discipline that comes from the passive investing the habit forming behavior That comes from the dollar cost average And really just when it comes down to it guys I'll import to you this in the last 45 seconds the live stream man It really comes down to attitude and a desire to do If you're making your way to the channel and what I've talked about has intrigued you in any capacity whatsoever I highly recommend that you take heed Take heed over your own stock I'm not going to send you a bill for this information You're going to know your own capabilities better than anybody else out there You've just got to ask those right questions To make sure that you can put yourself on the right trajectory As disclosed tonight And really look to stay true for the long term over the course of your wealth building career Guys appreciate you tuning in for the totality of the live stream I appreciate you will be back next Friday on the fastest 60 minutes on youtube Appreciate you guys have a great weekend. We'll catch you next week


County 2021 Ferris of the Fair, and I am here on opening day of the Sheboygan County Fair talking to some of our wonderful exhibitors. Can you tell me your name and your bunny's name today? Yes, my name is Autumn and this is my bunny, Peep. Awesome, and how many years Autumn have you been showing rabbits in the rabbit project? This is my eleventh year. Awesome, that's incredible. What's your favorite part about being in the rabbit project? My favorite part is the fair coming together to just see the end product and with 12 kids in our club in the rabbit project this year just alving together and showing together and working towards like the showmanship and caring for the rabbits just seeing it all pay off. That's really cool. That's awesome. How many rabbits did you bring to the fair this year? I brought six this year. My goodness, so you've stayed busy. Well, thank you so much for talking to me Autumn and it was so nice to meet you. I hope you both have a great rest of your day and good luck with the rest of your judging. What is your name? Parker Springer. Awesome, nice to meet you Parker and what is your rabbit's name? Bob. Bob, that's awesome. How many years have you been showing rabbits at the fair? I can't really remember. A long time? Yes. That's awesome. How many rabbits did you bring to the fair this year? I can't really remember. A lot of them? Awesome, did it go well for you today? Yes. Awesome, sounds good. What's your favorite thing that you've learned being a part of the rabbit project? How to care for the rabbit and what you feed it. Awesome, well it was great to meet you and I wish you and Bob all the best of luck with the rest of the days of the fair. My name is Hannah Tempest. Awesome, so nice to meet you Hannah and what's your chicken's name? This is Marty. Marty, that's awesome and how long have you been a part of the chicken project? This is my first year. That's awesome. How have you liked it for being it for being your first year? I've liked it a lot. I've liked the relationships I've made with everybody. That's fantastic. What's one thing you've learned being a part of the chicken project this year? A lot about animal ownership and just taking care of your animal and being nice to like helping with other people and their animals too. Well that's awesome. I wish you and Marty the best of luck this weekend at the Sherboyton County Fair and hope that you enjoy the rest of your time. You're welcome. Audrey Gertman. Hi Audrey, it's so nice to meet you. What did you all bring to the fair this year? A lot of animals. I brought pigs, dairy, chickens, ducks, rabbits, all sorts of animals. So you're pretty busy this weekend. Who are we here with today? These are my pigs. So I got my pig in here. That's his name is Jasper and then in the other pen would be Orson. Jasper and Orson. That's awesome. How long have you been a part of the pig project? Four years. That's incredible.  Yeah, I think it's fun. Awesome. And did it go as well as you wanted it to yesterday? Yeah, I went really well. I got second place in chillmanship with him in the market class. I got tenth place but with Orson I got third place. Okay, fantastic. So will you be at the meat and animal sale tonight? Yes, with Orson. All right, well I will see you there. Okay. All right, thanks so much, Audrey. It was great to meet you. It is so nice to meet you, Brianna. And what is your cow's name? My cow's name is Rainy Day. That's awesome. It's so nice to meet you both. How long have you been showing cows? I've been showing cows since I was seven, I believe. That's awesome. And what's your favorite part about it? It's just really fun overall getting to know your cows really well and just hanging out like they're your pets. So it's really, yeah. Awesome. What's one thing you learned being a part of the project? That it is not very easy but it's a good just learning experience overall how to be responsible and just taking care of an animal. Awesome. When do you show this weekend? I show Friday and Sunday in the fraternity. Well, fantastic. I will be at both. So best of luck to you. It was so nice to meet you. It's Josie Decker. And what is your name? Levi Domus. All right. And you want to introduce me to both of your goats? This is Oliver. He's a weather Nigerian dwarf. And he is three months old. Awesome. And who is your goat you've got here? This is Smeagol. He's a boar weather and he is six months old, I believe. Awesome. And Josie, how long have you been a part of the goat project? I have been part of the goat project for two years. Awesome. And what's been your favorite part about it during those two years? Definitely showing and getting just learning more about the animals. Awesome. And Levi, what do you all have at the fair this year? I'm showing a horse, some chickens and then some goats. Awesome. So you're pretty busy. Yep. Awesome. And what's your favorite part about showing goats? My favorite part is definitely the people that you meet. State fair is my favorite part of showing goats. And there there's it's fun because you get to meet so many different people. Awesome. Well, thank you both for talking to me. And it was so nice to meet you both. I hope you both have a great time. When do you both show this weekend? We show Saturday for goats. Okay, both. And you show on Saturday morning as well. All right, well, I will be there and best of luck to you both. Your name? Henry Gertman. So nice to meet you, Henry. And what is your chicken's name? This is one of my brothers. He does not have she does not have a name. She's not named. Oh, well, she is very cute. How long have you been a part of the chicken project? Two years. Awesome. And do you really like it? Yes. Awesome. What do you all have at the fair this year besides just chickens? Dairy, swine, rabbits. That's it. And I think you have some projects here too, right? Yeah. Wow, my goodness. You must have a pretty busy weekend ahead of you. Yes. Very, very busy. What are you most excited for? Probably the chickens. The chickens. When do you show your chicken? I think it was Friday. Sounds good. Well, I will be sure to stop by on Friday morning. What's one thing you've learned showing chickens in the last two years?  Well, that's great to know. Well, it was so nice to meet you, Henry, and best of luck tomorrow with your chicken. Alison is wordy. And what is your horse's name? This is Harley boy aka Harley. Awesome. And how many years have you been a part of the horse project? Awesome. So a long time, as long as you can remember, it seems like. What's your favorite thing about being a part of the horse project? Working together. That's awesome. What's one thing you've learned since being a part of the horse project? A lot of horse safety and just a lot of show regulation stuff. Awesome. Well, how busy is your schedule this weekend? When are you and Harley showing? We are showing on Friday. Awesome. Well, I think I'm down here on Sunday and Monday. So hopefully I'll get to see you and Harley in some action. Thanks for chatting. It was so nice to meet you. What is your name? I'm Jane Papenfuse. Alrighty. And who are we here with today? This is Trip My Steer. Okay, awesome. And how long have you been showing beef cattle? I've been showing roughly seven years in the steer industry. Awesome. And you showed this morning, correct? Yes, I did. How did that go for you? I won overall champion market animal and beef steer too. Well, congratulations. That sounds like a great day. So you will be at the meat and animal sale tonight? Yes, yes, I will. Sounds great. What's your favorite part about showing beef cattle? It's just the interaction with all the people getting to know everyone and just relaxing, I guess, to me, just getting out and being in the bottom of the animals. Sounds great. Well, it was so nice to meet you. And I hope you good luck at the meat and animal sale tonight. Thank you.


Section 71 of Indian Penal Code is today's topic which would be explained by Mr. Viram Kumar a former judge of Kerala High Court. We all know that it's the session during the weekdays which normally we don't go. But once we have Justice Viram Kumar and he accepts that he's going to take a session, we have no other alternative. They have called us Tina, there is no other alternative. So to understand the nuances of the latest things. And I will also say that if we have to see what are the changes, challenges under the BNSS. Just go to his various topics and descriptions which he has given in the live law. That's a treat for a legal mind to understand. But that's not a topic for the day. It's 1971 because it's remembering of the war, etc. So we are on the war footing with the understanding of the law when Justice Ram Kumar is here. And we are too glad to always be enriched from his knowledge. Thank you sir for accepting and writing over to you. Thank you Mr. Vikas. Good evening friends. Today we will be discussing section 71 of the Indian Penal Code IPC for short. This section deals with one offense made up of several offenses. This section deals with one offense made up of several offenses. If you closely read the section, there could have been three subsections in the section. But there are no subsections. But however, for the sake of convenience and understanding and comprehension, we will dissect the section into three separate limbs. So I will read each limb separately and deal with them so that it will be more easy for you to comprehend the scope and the amplitude of the section. Now I will read the first limb of section 71 of IPC. Where anything which is an offense is made up of parts, any of which parts is itself an offense. I'll repeat. Where anything which is an offense is made up of parts, any of which parts is itself an offense. The offender shall not be punished with the punishment of more than one of such offenses unless it be so expressly provided. This is actually when a same offense is being repeated as against the same person. Same offense being repeated as against the same person. What is the mode of punishment is what section 71 first limb says. Now we have got an illustration also. A, the accused gives Z the victim 50 strokes each 50 strokes with a stick. A, the accused gives Z the victim 50 strokes with a stick. Here A may have committed the offense of voluntarily causing her punishable under section 323 IPC by the whole beating and also by each of the blows which make up of the whole beating. He gives 50 strokes with a stick to Z the victim. Each of these strokes is an offense calling under section 323. Altogether also he says nothing but 323 only. Therefore if A were to be liable to be punishment for each blow and if the punishment of one year, it is punishable with imprisonment up to one year. 323 is punishable up to imprisonment for one year. If A were to be convicted for under section 323 and if punishment of imprisonment was to be given to A, the accused for each of the 50 blows then he will have to be in the jail for 50 years All for what? 50 blows. Yes, 50 blows. Again the same person. So even though each of the blow can amount to 323 IPC, the whole beating altogether also will amount to 323 only. Therefore the law allows only one punishment to be imposed. This is the importance of the first limb of section 71. I will read it again. Where anything which is an offense, that is every beating is an offense.  Each blow is a part. So when anything is an offense, 50 blows together is an offense. Each of the parts of these 50 blows is also an offense, same offense. Then he can be punished for any of the parts only, not all the parts together. That is the meaning of the first limb of section 71. Now we pass on to the second limb of section 71. Where anything is an offense, falling within two or more separate definitions of any law in force by which offenses are defined or punished. See, where anything is an offense, falling within two or more separate definitions of any law in force for the time being by which offenses are defined or punished. The offender shall not be punished with a more severe punishment than the court which tries him could award for any one of such offenses. This is where the acts allegedly constitute an offense under two or more different definitions. Ingredients of the offense may be different. Ingredients of the two sections may be different. But the acts constitute, acts committed under the definition of two different sections constitute an offense. The best illustration is given in the section itself. See, section 352 and 323, I will deal with that. So the section says the offender shall not be punished with a more severe punishment than the court which tries him could award for any one of such offenses. Two different sections, the acts constituting an offense under two different sections of the same law or different law. Now, the ingredients are not identical. But the course of action, the acts constitute an offense under two different sections of same law or different law. Then he should not be punished for all those offenses only for any one of such offenses. The most severe punishment can be imposed for any one of those offenses. Suppose the two offenses, one is punishable with a three months. Another is punishable with six months. Then he can be awarded. The maximum punishment he can be awarded is six months. Now, this limb of, second limb of section 71 approximate to section 220, subsection 3 of the RPC with regard to the joint of charges. When we look into chapter 17, chapter 17 CRPC, that is the chapter dealing with framing of charge by the court. Under section, under chapter 17, there are sections 211 to 224. Now under section 211 to 224, there is a section 220. Actually, 218, there are, this chapter 17 is divided into part A and part B. Part A deals with the form of charges, form, merely the form of charges. What all the charges should contain? What all the court charges should contain? The date of occurrence, the offense committed, the victim, the description of the victim, description of the accused, date and time of the offense, etc. Then part B deals with the joint of charges. All charges can be joined together. There is the rule under section 218. One is that every offense shall be, shall be separate charge for each and every distinct offense. Separate charge for each and distinct offense and separate trial for each charge. Separate trial for each charge is the rule under section 218. But then there are four exceptions to that rule. That every offense shall be tried separately is the rule. There are four exceptions. First exception is section 219. Second exception is 220. Third exception is 221. And fourth exception is 223. Now we are dealing with section 220 clause 3. The second limb of section 71 which is approximate to subsection 3 of section 220. Section 220 is the provision relating to charges, which all charges can be joined. There also the wording is identical, almost identical. I will read section 223 of chapter 17 CRP, joint of charge. If the acts alleged a constitute an offense falling within two or more separate definitions of any law in force for the time being by which offenses are defined or punished. The person accused of them may be charged with and tried at one trial for each of such offenses. So if two or more separate definitions of under same law or different law constitute an offense and both the offenses can be tried at one trial. So 220 clause 3 deals with the joint of charges. Both the charges can be joined in one trial. It can be tried together in one trial. Then the punishment to be imposed is section 71. Second limb of section 71. What the section says is he shall be punished only for the highest gravest of the punishments of the two offenses. Now the illustration will put you at comfortable, more comfortable. This illustration is illustration I to section 220 clause 3 CRP. Illustration I to section 220 clause 3. A, the accused wrongfully strikes be the victim with a cane. A may be separately charged with and convicted of offenses under section 352 IPC that is assault and criminal force. Same IPC only, assault and criminal force and under section 323 IPC for voluntarily causing her. The consequences say beating with a stick, wrongfully striking with a cane. It amounts to an offense under 352 IPC for assault and criminal force. It also amounts to an offense under 323 IPC wrongfully for voluntarily causing hurt. Now 323 is punishable with imprisonment up to one year and fine and or fine up to rupees 1000. Punishment for 352 IPC is only imprisonment up to three months and or fine up to 500 rupees. Now here by virtue of section 220 clause 3 of CRP, the accused can be separately charged with and tried at one trial. Both for section 323 and 352 IPC because consequence are same, same committed in the same transaction. Now he can be separately charged and tried and punished also for each of those offenses. Separate punishment also can be imposed on the accused but in view of the second impulse section 71 IPC, the accused cannot be punished with a more severe punishment which the court could inflict for anyone of those offenses. This means that the punishment for both sections 352 and 323 that can be separate punishment also given. But it should not exceed the punishment prescribed for the graver of the two punishments namely which is the graver 323, imprisonment up to one year. So separate punishment can be given. For example 352, three months maximum is given, imprisonment for three months can be given. For the other if imprisonment up to one year is given, this role is violated. There 323 maximum imprisonment can be given is only nine months, all together one year. That is the rule under, I can give another illustration also. That is illustration K to section 220 clause 3. A exposes her child with the knowledge that she is thereby likely to cause his death. Child is being exposed to ambient weather, rain and ambient heat. With the knowledge that the child is likely to, that exposure to the weather is likely to cause the death of the child. A may be either the mother, a disappointed mother or maybe a ward in whose custody the child is interested to. Maybe a home nurse or somebody like that. The child dies as a consequence of such exposure. A may be separately charged with and convicted for offenses under section 317. 317 is exposure and abandonment of child under 12 years of, 12 years by parents or persons having care of the child. That is 317 IPC. Punishment is imprisonment up to seven years and or five. Then this also amount to section 304 IPC. That is culpable homicide not amounting to murder. Since the exposure was with the knowledge that he is likely to, she or she, he or she is likely to cause death of the child. It may fall under part two of section 304 culpable homicide not amounting to murder. Which is the graver offense or which offense he is graver punishment 304. Undoubtedly 304. Where if the death is caused with the intention of causing death, then imprisonment up to life or imprisonment up to 10 years and fine. But if death is caused with the knowledge that the child is likely to, here it is knowledge likely to die. Then imprisonment up to 10 years and fine. So imprisonment up to 10 years is the maximum punishment whereas 317 is only 7 years. If the court were to convict him or her for both the offenses, it should not exceed 10 years. Because the other is 317 is punishable up to 7 years. 304 up to 10 years. So knowledge in where the death is caused with the knowledge that the child may die. Then the total punishment should not exceed 10 years. It cannot be 17 years or both together. Though separate trial, same separate charge, separate offenses, separate charge and same trial can be had. And both the accused can be punished for both the offenses and separate sentence also can be imposed. Therefore it should not exceed the gravest of the two. That is 304 part 2 is the gravest. So it should not exceed 10 years. Now I suppose you have understood the principle. Now there is one decided case also. These are two exceptions. These are two illustrations even in the text itself. 220 clause 3. Now I will give you a decided case also. Now there was an earlier opium act. Opium act of 1878. Subsequently we have another opium act. Now opium act of 1878 for possessing opium. The punishment was imprisonment up to 1 year. For transporting opium also the punishment was imprisonment up to 1 year. Now a person was convicted for both the offenses. For both possessing and transporting opium under the opium act 1878. Now what should be the punishment that can be imposed if he is convicted for both the offenses? Both are punishable with 1 year. Both offenses are punishable with imprisonment for 1 year. So if he is convicted for both offenses the maximum punishment which can be imposed is only 1 year. The correct punishment can be imposed. But I will give you the citation. AIR 1958 Supreme Court 935. AIR 1958 Supreme Court 935 corresponding to 1958 criminal law journal 1432. B.P. Singha and Saeed Jaffer Imam. Saeed Jaffer Imam is the author of the judgement. There the accused was sentenced by the High Court to imprisonment for 6 months under section 9A of the opium act 1878. And to 3 months imprisonment under section 9B. Both are punishable up to 1 year. For 1 offense he was punished up to 9 years. 6 years. I am sorry 6 months. For the other offense even though same punishment is prescribed he was sentenced to imprisonment for 3 months. So altogether 9 months. 9 months imprisonment alone was imposed. So it is within the 1 year imprisonment. Therefore it was within the limit prescribed under 2nd limb of section 71. This is what the Supreme Court held ultimately. So held that the punishment since the punishment did not exceed the 1 year which is the limit prescribed under the 2nd limb of section 71. The sentence imposed by the High Court was proper. This is the 3rd. Now we pass on to the 3rd limb of section 71. 3rd limb of section 71 is 1 or more acts committed and 1 such acts constitute 1 offense. 2nd act also constitute 1 offense. Both the acts together will constitute another offense. Where several acts of which 1 or more than 1 would by itself or themselves constitute an offense constitute when combined a different offense. The offender shall not be punished with a more severe punishment than the court which tries him could award for any one of such offenses. This is the 3rd limb of section 71 IPC. It approximates to subsection 4 of section 220 CRPC with regard to the joiner of charges. I will now read subsection 4 of section 220. If several acts of which 1 or more than 1 would by itself or by themselves constitute an offense constitute when combined a different offense. The person accused of them may be charged with and tried at one trial for the offense constituted by such acts when combined and for any offense constituted by 1 or more such acts. Now comes the illustration. Now this is illustration M to section 220 subsection 4. A the accused commits robbery on B the victim. And in doing so voluntarily causes hurt to B. A may be separately charged with and convicted of offenses under section 323 IPC. That is causing voluntarily causing hurt and convicted under 323. Then under section 392 IPC, committing robbery. He was committing robbery. So he can be charged under section 392 IPC for robbery and under section 394 IPC. That is voluntarily causing hurt while in the act of committing robbery. That is 394. Gravest offense. Gravest of the three. Now punishment under 323 is imprisonment up to 1 year and fine up to 1000 rupees. Punishment under 392 IPC robbery is rigorous imprisonment up to 10 years and fine. 10 years and fine. Then punishment under section 394 voluntarily causing hurt while committing or attempting to commit robbery. Impressurement for life or rigorous imprisonment for 10 years and fine. Here the accused could be separately charged for all the three offenses and tried at one trial by virtue of clause 4 of section 220 CRPC. That is the joiner of charges. But then regarding punishment also he can be the separate punishment can be imposed for all the three offenses. But the total punishment to be imposed on the accused cannot exceed. The more severe punishment prescribed for section 394 IPC in view of the third limbo section 71 IPC. Again penal code. This was so beautifully explained by Justice Arjit Prasad in state represented by Inspector of Police Tamil Nadu versus A. Parthiban. AIR 2007 Supreme Court 51 corresponding to 2006 11 SCC 473. 2006 11 SCC 473. Now supposing the case falls under section 220 clause 1. 220 subsection 1 of CRPC. Can section 71 IPC apply? 220 clause 1 is what? The where several distinct offenses are committed in the course of the same transaction. Several and distinct offenses are committed in the course of the same transaction. It is not section 71 will apply because section 71 deals with an offense made up of several offenses. Whereas this is distinct offenses committed in the course of the same transaction. In such case the accused can not only be tried and convicted of all those offenses at one trial. Even separate sentences can be passed for each of those offenses without any limit under section 71. The defendant has no application. For example, it was said that lurking house trespass punishable under section 457 IPC.  Punishable with imprisonment up to 14 years. And fine and theft section 380 IPC punishable with imprisonment up to 7 years and fine. Who are committed in the course of the same transaction. The case would not fall under section 71 IPC and the accused could be convicted and sentenced separately for both those offenses. You may refer to Uday Ban versus state of UP. AIR 1962 Supreme Court 1116. AIR 1962 Supreme Court 1116 corresponding to 1962 to criminal law journal 251. The judges are J. L. Kapoor the author and Reghubar Dayal. In fact and earlier in 1945 verdict of the Madras High Court in Inray, Nadesha, Mudaliar. 1945 one MLJ179 rendered by Mokhet J was followed by the Supreme Court. With that we have completed the all the three limbs of section 71 Indian Penal Code. So section 71 limb 2 has to be read along with section 220 part 3, 220 subsection 3 approximate. Then only for framing of charge and joint trial. Likewise third limb of section 71 has to be read along with section 220 clause 4 subsection 4. Only for joint trial regarding trial of the offenses. Now punishment regarding punishment this is the rule under section 71. I suppose all of you have understood this. Now this should not be confused with section 31 of the CRPC which we discussed earlier. 31 only says when several offenses are committed during one trial, single trial. So the offenses can be, the accused can be separately tried, can be tried in one trial and separate punishment can be imposed. And if the sentence is to be, is to run concurrently no problem. But if the sentence is to run consecutively we have two rules to be followed. Under section 31 clause, subsection 2 clauses A and B. Under clause A these, these sentence shall not exceed 14 years. And under clause B the sentence, the aggregate of the sentences shall not exceed twice the sentence. Twice the punishment which that code could impose for one offense. These are the two clauses to be applied under section 31. That is only for concurrent and consecutive sentence. Unless otherwise indicated, every sentence will run consecutively. But if the sentence is to run concurrently, code has to make a specific provision in the judgement itself. These, these offenses, the sentences shall run concurrently. If the judgment is silent, the sentence shall run only consecutively. You have to distinguish between, between section 31 is regarding the mode of punishment of, mode of suffering the sentence. Whereas section 71 is the mode of imposing the punishment. And section 220 is the mode of joint of charges. All the three sections have to be separately understood. And their interaction also should be borne in mind. Thank you. Any question? I'm just checking it out. No, here it is not. But I'm just checking. Probably there was one other user. Yes. It says how would we charge and punish? Pardon? How would we charge and punish? It's not very clear. Charging is under chapter 2017 CRPC. Joint of charges section 218 to 224. Form of charges section 211 to 223, 217. Next is after recovery of victim. At the section 363, 366A. During investigation of first FIR, the victim against the kidnapped by same accused. And another FIR law whether it is legal and punishable. These questions are not. I think it will be sections I will do. Yeah. So thank you sir for sharing your knowledge. Thank you. Thank you. Thank you.


Now, what you are talking about is what we do is we benchmark our compaction effort by drawing a line this is what is known as 0 air void line. We normally define this as AV equal to 0. This is the place at which SR is equal to 1 hypothetical situation. You must have noticed we have been talking about the situations for the soils which are non clay soils. All the results are valid for non-clays and I said the moment you achieve optimal and the moment you add moisture and compact it water comes out of the soil clear. So, SR equal to 1 this is also known as saturation line. So, if this line is the saturation line let us say 1 1 0 air voids would be AV equal to 0 is this ok? Did you get the answer to your question? So, saturation is somewhere here.  You know the relationship gamma D is equal to G into gamma W over 1 plus E is of not going to be much used to me if I try to interpret the results by using this equation. Why? Because there is a foreign sitting over here is in the form of E. So, I have to get rid of this E. How can I get rid of this E? Is this ok? You got it? So, what I have done? I am plotting the complexion characteristics on a two dimensional plane gamma D and W and the contours are of S. So, this is your SR that means the equation for a saturation line would be gamma D equal to G gamma W over 1 plus G W over SR this is fine. So, the moment S is equal to 1 this is a normal equation G gamma W over 1 plus G W. So, G is very important to be determined for the soil remember any mistake which you are going to do over here would get reflected in this. Is this part ok? Have you understood this saturation thing? So, these are the contours. What it indicates? At this point the saturation of the sample is equal to this which I can compute from here because gamma D is known, W is known clear? G is known SR can be obtained clear? So, very intelligently we are plotting 3 characteristics on a two dimensional plane density of the matrix for a given moisture content and what type of saturation you have achieved? I am sure you will realize that A v is nothing can you tell me what will be the value of A v in terms of porosity and saturation quick you need not to spend much time. So, if I say porosity of the system is known what will be the A v value? How many of you agree with this? 1 minus SR is what? What is SR? Saturation 1 minus SR is unsaturated state of the material this is the porosity volume of voids divided by total volume clear? So, what you get is the A v value fine? Now what you try to do is you should prove that gamma D equal to G gamma W 1 minus A v over 1 plus E. Now this is a very interesting equation philosophically what you are doing is you are applying a correction factor of 1 minus A v to the density of the dried material. This is the way to remember this 1 minus A v is a sort of a saturation value for the state of saturation which is not 100 percent try to prove this. See the point is you cannot compact a material with the same energy. So, this curve is energy specific clear? So, here what has happened? In this direction the energy increases fine, but saturation line remains constant why? Because this is material specific remember depending upon the material which you are compacting this G remains constant and hence the saturation line is material dependent it will not shift. A compaction curve has a peculiar bell shaped characteristic nobody asked this question that for a given gamma D there are two values of the moisture this nobody asked. So, we have 0.1 we have 0.2 and there must be a reason for this. The reason is if you look into the microstructure which we have talked about the grain structure of the soils. This side is flocculated system. However, as you keep on imparting more and more energy in the form by adding more moisture what happens is this flocculated system gets converted to dispersed state we have talked about the grain structure of the soil. From a disorderly state of the grains the grains have become ordered by adding more moisture. So, what moisture does to the soil it acts as a lubricant fine. So, the more and more moisture you add the particles the grains start slipping over each other they become more ordered you are compacting them. So, they have got aligned like a ferromagnetic material where the ferromagnetism takes care of the alignment of the magnetic poles which get created in the system. So, truly speaking 1 and 2 are very interesting parameters or state of the material for the same gamma D for a person who is into construction industry. One of the interpretations would be if I plot gamma D sorry if I plot hydraulic conductivity as a function of moisture content please excuse me because I have not discussed about hydraulic conductivity in the class, but you will not have much difficulty in understanding this. It is a beautiful example of how two types of mechanisms can be superimposed on the compaction characteristics. You remember when we are talking about the flocculated soil structure I had used the word that this is going to be more porous as compared to the one which is more dispersed. So, that means the hydraulic conductivity is going to be dropping very significantly and this is how the curve looks like. So, in the flocculated state of the material you have high permeabilities at OMC this is the minimum k minimum and beyond OMC it picks up a bit why because look at the graph your gamma T is decreasing in this region is it not. In this region the gamma T picks up. So, this is where the system is becoming denser and this is where the system is becoming less denser. So, less density because of dispersed state is going to create lower permeability. This type of arrangement of the grains is going to restrict the movement of any type of fluid through this. So, if I was a petroleum geophysicist and if I do an exploration in the middle of the sea and if I get the samples of the soils which are totally dispersed I have wasted my money in exploration and this is how most of the wells are discarded because a dispersed structure because of the its structure is not going to allow the permeation of the fluid so easily. It is going to be very zigzag there is a lot of hindrance with the particles are going to create for the movement of the fluid as compared to this system where the fluid movement could be easier. So, this is one of the ways to match hydraulic conductivity moisture content variation with gamma D moisture content variation on the compaction curve. This point still remains partially unanswered that what is the difference between 1 and 2 when the gamma D is same. Now this is what is known as the dry state of the material in terms of gamma D and this is what is known as the wet state of the material. The compressibilities of the system are going to be totally different when you compare 1 and 2. So, what is the difference between 1 and 2? The compressibility is going to be different. So, if you are making a cricket pitch or if you are making an embankment or you are making a airstrip or if you are making a earthen dam or you are making a foundation system you have to be very careful about where you are going to compact and what point you are going to select for constructing the structure whether the wet of optimum or dry of optimum. Now the logic says wherever the water logging is going to take place like earthen dams where you do not want water to percolate through the compacted soil mass easily because that is the whole idea. I should be compacting the material at gamma D wet. Why? Because the hydraulic conductivity is less. You got the answer? However when you are creating an embankment for the traffic or runway where you want cross drainage to occur it will be a good idea to talk about the gamma D which is on the dry side because this system shows more strength as compared to this system. The flocculator structure is much more capable of taking higher loads as compared to the dispersed load. In dispersed load if you remember the settlements are going to be a big issue. So, these type of information can be deciphered from a simple test which is known as complexion test clear. And that is why I was saying let us use the word compaction characteristics and not only the compaction curve. Characteristics are much more broader and they connote a lot of information about the material as compared to the curves. Now we have been talking a lot about the fine grain materials. What about the coarse grain materials? There is a phenomena which is associated with the sands. If you try to compact them this is what is known as bulking of sands. So, what happens here is when you talk about the bulking of sands you know it is a very funny material. What is observed is that initially the gamma D decreases when you add the moisture into sands or sandy soils attains a minimum value of gamma D and then it rises. This behavior is known as bulking. We will be analyzing this behavior based on the shear strength theory in the second course which is going to be more rigorous than the first course. This is an introduction to the subject. What is the interpretation? When you add moisture to sands, fine sands the density drop is because of the surface tension clear. So, this is the process in which the surface tension is resisting you know the compression of the particles. You keep on adding more and more moisture, surface tension gets dissolved. This is the wrong word, dissolved. But what I am trying to indicate is it disappears. So, by adding more and more water this is approximately at 2 to 3 percent by weight. So, bulking moisture content is 2 to 3 percent by weight beyond which the capillarity is lost. The more and more water you add the air gets expelled the density increases. Now, this whole process is known as bulking of sand and this is where you get 20 to 30 percent of gamma D. So, if I say this is gamma D initial, this would be gamma D final which will be an enhancement of 20 to 30 percent. This is okay. If I further play with this graph, in the previous lecture we have been talking about effective stresses and the suction and the pore over pressures. So, I would like to complete the series. So, if I define UW with respect to moisture content and this is the OMC what will happen? The more and more you compact the soil you are expelling the moisture clear. So, the pore water pressures are going to be not pore water pressure. Let us use the word suction negative pressures pore pressures. So, what is happening is the more and more you compact the more and more air gets expelled out the suction increases. OMC this is a maximum possible moisture which the system is having but just to left hand side of this the system has maximum possible suction in it. These type of situations are going to be extremely problematic. You imagine every year in Bombay city the tracks get flooded during rains alright. So, imagine that you have created an embankment rains come water logging takes place and close to OMC you have maximum suction which is getting developed in the system. Given a chance because of this suction the tendency of the material would be to suck most of the moisture which is available freely and hence the soil mass beneath the track becomes wet. Are you realizing this? So, next time when the trains move what is going to happen? These equal amount of the pore water pressure is going to get developed and hence our effective stresses are going to decrease. So, it becomes very tricky to operate trains or the infrastructure vehicular traffic if you are not taking care of how to compact the soils clear. So, the best way would be go to the wet of optimum. There is no suction getting developed the volumetric deformations are going to be extremely less when you are dealing with the wet state of the material. So, core of the dams are mostly compacted at the wet of the moisture content for the same gamma D. This is okay. Two advantages I am getting first thing is the permeabilities are going to be low as compared to the dry state of the same gamma D and second is the settlements and the lateral deformations are not lateral deformations are going to be extremely less when I compact the material at the wet of the OMC clear. So, I was talking about the compressibility here. Normally compressibility is a function of range of stress. Sometimes we define things as a low stress and sometimes we define this as the high stress. So, suppose if I plot wide ratio as a function of stress I will use that term as stress for the time being when we are dealing with the low stresses in ranges of kilopascals. This is the response of the soil on the dry of optimum and wet of optimum. What I am trying to show here is wet of optimum for low stresses in the kilopascal range the volumetric deformations are going to be more as compared to dry of optimum clear. This graph continues as if I have broken the axis and if I am dealing with the very high stresses it has to be plotted on a log scale. We normally do not take the log of the number. We plot it on a log scale that means this has shifted from kilopascal to megapascals. So, then you are plotting it on a log scale clear. What is the interpretation? This remains the dry of optimum and this becomes the wet of optimum. On the wet of optimum the volumetric reductions are going to be less for higher stresses as compared to dry of optimum. I repeat when I was talking about creating the core of the dams, the dam sites are approximately few hundreds of meters or maybe few tens of meters depending upon the type of dam you are constructing. So, the chances are you are going to work in the log of stress ranges. When you are compacting the soil at wet of optimum the volumetric deformations are going to be less clear as compared to dry of optimum. So, this point becomes an obvious choice. When you are dealing with the low stresses there will be tracks, transportation systems like pavements, low stresses, the philosophy is different. The dry of optimum deformations are going to be lesser than wet of optimum. You know we were doing in the previous lecture the state of stress and I had given you some idea about the compacted state of the material. If you remember since my fourth, fifth lecture I am talking about variably saturated soil mass. So, say water table is here and I had put a condition that if I compact this soil mass all year heavily and if this happens to be fine grain material let us say what is going to happen? This analysis you should be doing yourself. I will give you some steps which you can follow. So, first thing is because of the capillarity associated with the compacted material which is of fine grain type. If I consider a point over here at a depth of let us say z and the thickness of this layer is z1 and if I consider a point over here let us say point p and this is z2. If I ask you to compute at point p what is state of stress? Sigma p over water pressure at p and the effective stress at p. So, this becomes an interesting case. It is not difficult. I hope you can solve it still. You remember the concepts of finding out the pore water pressure here. If this is a capillary zone you will have to put a tensiometer here. You can compute the uw value. What will the value of uw? At this point you are trying to find out this is the capillary zone. This is the peak of the capillary zone. Boss, you should remember this is the capillarity. You will get a state of a zero. Apply mind before you are writing something on the piece of paper. See practice of engineering is nowadays you know legal. Are you aware of this? Whatever you write and sign is a legal document. You can be pulled up in any code of law. Remember and then the damages are extremely high both ends. You get lot of money definitely, but if you are in trouble then you might have to pay from the nose. So, this is the maximum value of hello is the maximum value of the capillarity remember clear. So, it happens do not worry. I also did similar mistakes. So, this is going to be gamma w and what is the funda? You have to put the tensiometer over here and then find out what is the drop in the water head. So, this is z 1 minus z and negative value. Is this okay? Finished. At this point is simple. You put a piezometer. So, this becomes your z 2. So, at this point I know the value of u w. I know the value of sigma. Sigma is going to be tricky. Why? This is the saturated system. This is saturated. This is dry depending upon the material property. So, you have to be careful. This problem is a real life problem which if you solve would teach you a very interesting lesson that why we should not use fine grain materials in retaining wall or for back filling for that matter. Because you should prove this. This whole layer acts as a surcharge. What is surcharge? In your engine mechanics course you must have done these problems. There is a container which is filled up with some fluid, say water and then you are pressurizing this by injecting a gas into it. And if I say that the gas pressure is P and if I ask you to find out the pressure at this point at a depth of z over here, you can solve this easily.  So, this is the P pressure which is acting constant. And this will get added up to, so this is P which I can show like this also uniformly distributed load. You must be doing a structure analysis plus this is the hydrostatic pressure. So, when you have the fine and material which is heavily compacted this becomes a sort of a surcharge which is equivalent to P and hence later on we will study in the second course, is it not earth pressure theory will be in the second course. Yes, that because of these surcharges the earth pressures which are coming acting on the retaining system will go up and that becomes a big issue. So, I have talked about compaction process today. Compaction characteristics, how to interpret the compaction curves, how to use these compaction characteristics in designing different structures and the most critical one is the beautiful example of compacted fine-grained material how it acts on the stability of the systems which we will be analyzing in the next course.


the narcissist wants to ruin your Christmas. They might start an argument or disagreement with you a few days before Christmas or actually on Christmas Day. They will treat you with disrespect or as though you are beneath their consideration. Narcissists are self-absorbed. They are only focused on their own needs. They only care about what you can do for them or how the situation can work in their favour. They lack empathy. They don't care about what you want or how you feel. They want everything to revolve around them. They want to be the centre of attention. When people are focused on someone or something else, they can't be the centre of attention which causes them to cause some kind of drama so that people will focus on them and give them the attention that they need. They don't care about how their desperate need for attention affects you. They will treat you with disrespect just so they can get some attention.  They don't care about what you want or how you feel. All they care about is what they want regardless of how it affects you. On Christmas Day people are usually focused on each other rather than being focused on the narcissist. This leaves the narcissist without any attention. The narcissist hates this feeling and they will do whatever it takes to get attention. Even if that involves causing arguments or disagreements, treating people with disrespect, they lack empathy so they don't care about who they hurt in the process of getting what they want. They don't care about who they hurt in the process of getting the attention that they need. The narcissist is never happy. They are never satisfied but on Christmas they will often exaggerate their feelings of being angry or sad so that people will then attend to them. People will then try to do whatever they can to make them happy. Not realising that the narcissist cannot be satisfied and they are just exaggerating these emotions so that people will attend to them and give them the attention that they are looking for. The narcissist will even try to make you believe that you are responsible for their anger or sadness. They will try to make you believe that you are the reason why they feel that way. They want you to do what they want when they want you to do it. They want you to feel on edge whenever they appear to be feeling upset. All they really care about is attention and if they cannot get you to attend to them in a positive way they will try to get the attention in a negative way. They don't really care about whether it's positive or negative attention. Whichever one gets some kind of action or response out of you. Narcissists are self-absorbed and lack empathy. They only care about their own feelings. They only care about what they want and just because it's Christmas it doesn't mean that any of that is going to change. It doesn't mean that they're suddenly going to have any compassion for you. Narcissists are always going to be narcissists. You might see the false self, the false kind caring personality in the beginning but that's only designed to lure you into the situation or environment. That's only designed to secure you so that the games can begin. It isn't meant to do anything more than that.  Everything that Narcissist does is designed to get them what they want. If you are going to be around narcissistic family members and friends over Christmas, you cannot go no contact but you can go limited contact. You can use the grey rock technique. They want to get your attention. They want to make you anxious or stressed out but instead of doing that instead of reacting emotionally just respond calmly with a smile. Observe without absorbing. Stay grounded in your own reality instead of getting sucked into theirs. If you don't give them an emotional reaction they might leave you alone or they will try a different tactic. If they can't get anything out of you negatively they might just try to impress you instead and while it might be over exaggerated it is certainly better than being treated with disrespect so avoid reacting to any disrespectful behaviour and instead give the narcissist their moment to shine. Give them their opportunity to impress you. It gives them the the attention that they need and at the same time you get to avoid being disrespected. You get to avoid any arguments or disagreements but do be cautious. When the narcissist gets bored of being in the spotlight the positive attention is no longer stimulating for them then they may resort to negative behaviours to get more stimulating reactions from you. Thank you for watching. I hope this video resonated with you. Please like, comment, share and subscribe. Click the bell icon to receive notifications for my future videos. If you like to donate my PayPal links in the video description. Thank you for watching and I'll talk to you soon.