Life is about constant evolution, always better today than we were yesterday. Welcome to The Only Easy Day was yesterday, the official Navy Seal and Swick podcast. I'm Scott Williams, your host. And today we have with us Andrew Dow, who's a retired seal and also our officer programs expert. And we thought today we'd just take a look inside the mailbag. We get a lot of questions about officer accession programs and in particular about what we call SOAS, which is the Seal Officer Accession and Selection. And maybe, Andrew, you can just start by giving us kind of a synopsis of what SOAS is. Sure. Well, first of all, thanks for having me again, guys. What SOAS is, the Seal Officer Assessment Selection was developed in 2014 and it has now become an official program for the Navy, prerequisite for BUDs, basic underwater demolition seals. And it's a two-week long course where we assess officer candidates, whether they're coming from the Naval Academy, ROTC, OCS candidates, lateral transfers, so candidates from the big Navy, active duty. And it's a two-week course of instruction during the summer where we will assess specifically four attributes that we're looking at. One being their cognitive abilities, their character, which is a real important one, their leadership and their team ability. That's what we're looking at with those four main attributes. They will go through a week of physical and mental assessment evolutions where we will be testing them through their physical capabilities as well as presenting them with some mental challenges that they'll be faced with. One being it could be some evolutions they'll see are similar to what they'll see in BUDs where it's log, PT, or boats on their heads. But they'll also be introduced to new types of evolutions that specifically assesses those four big traits. And then the second week being interview week where they will sit down with an officer and a senior enlisted seal. In the community and they will sit down and it's a business interview where they'll be asked questions and regarding the community, regarding where they stand and how they were raised, challenges they faced and to get a good idea of what the individual, who the individual is. And all of this gets thrown together and goes to the selection panel, which happens after SOAS. And just to be clear, this is not for enlisted candidates. It's for officer candidates only. And when does SOAS occur during the assessment pathway? SOAS happens during the summer and it happens, like I said, two weeks in June, two weeks in July, two weeks in August. And this happens after applications have been submitted to the Seal Officer Community Manager. And correct, like you said, it's only for Seal Officer candidates. The enlisted side is completely separate. Those applications are due in February to the Seal OCM. And from there, they find out if they receive an invitation to SOAS, they complete SOAS. Then the Seal Selection Panel, which is a panel of 0506 Seal Officers that determine who will receive orders to buds. After that, pretty much a month, two months after, depending which assessment source you'll be, you will head off to buds. Okay, so it's definitely pre-buds. Yes. And it's after the application piece. You get a notification if you're invited. You come here during the summer. And then you get notified if you're going to attend buds. And that notification usually comes when? So, Selection Panel September, most candidates, specifically OCS, will be notified late October. ROTC and Naval Academy, since they're rising seniors, they won't find out until about December timeframe because they won't actually go to buds until the summer of past graduation. But OCS candidates can leave anytime between November to April, where they would first have to attend OCS in Newport Rhode Island for 12 weeks. And then a month after that, they will report to buds. So they could get to buds as early as January, February after the Selection Panel and be at buds getting after it. So we're talking about a good year, year-and-a-half process from deadline of application to actually showing up for buds if you're selected. Easily, yeah. Most candidates, it's about a two-year cycle. OCS, it's a little sooner because they already have their degree, right, and to become a Naval officer or any officer, you have to have your at least a four-year degree to earn your commission. So they will, it's usually about two years. So much longer timeline than a guy going for an enlisted contract. Absolutely. Good. I mean, even show up a month after he gets a contract, but usually more like three to six months, but way longer for OCS. So this is why it's good to apply when you're in your junior year? Yes. So I actually, it's a great question is most candidates, I start trying to reach out to them their freshman, sophomore year in college just so they have an idea and so they have all their answers, all their questions answered well before they actually submit an application. So they can, you know, start building their resume. But usually candidates start their application, whether it's ROTC, Naval Academy in June, excuse me, their junior year. OCS candidates usually are either graduated already, but or about to graduate that May. So they'll start their application usually August for a February deadline. Okay. So we have a lot of questions that people out there have sent to us. And by the way, but before we get into those, I'll just say if you have questions about SOAS, about SEAL officer programs in general, or whether you have questions about the SEAL community, even if you want to be enlisted or the SWIC community, if you want to be an enlisted SWIC. Andrew, how can they get ahold of us? Well, for the SEAL officer side, they can just go to Google SEAL SWIC.com is a great resource to find all things SEAL officer requirements as well as the enlisted side for both SEAL and SWIC. But my contact information is there on that website. That's probably the easiest way to find out more about it. And from there, I can get you on the SEAL email distro, which is an opportunity for aspiring SEAL candidates to come together and I send announcements out regarding upcoming events specifically for SEAL officers. So it's a good resource to have. Just going to SEAL SWIC.com is where you start. Right. SEAL SWIC.com is our home website. It's where all the information is where you can find out about training, about accession, and a lot of other things about the community. And our general email there, which actually comes to me and so I can send things over to Andrew or whoever I need to to get answers if I don't know it, is info at SEAL SWIC.com. Info at SEAL SWIC.com for all your questions. So we're going to do a few today. We have so many here, we'll probably schedule you for another session and we'll answer some more. But all of these questions that we're about to cover are about SOAS. So I'm going to kind of randomly throw some of these out of here, reach into my mail bag. Okay, I totally faked that. And we're going to have some questions. So all right, how about this one? Will knowing a second language help with my SOAS package? If so, what languages should I learn? All right, so languages in general is a good quality, a good capability to have when you're looking in the SEAL community. SF requires all their operators to learn a language. The SEAL community does not, but it's always a good tool to have when it comes down to it. Specifically for the SOAS application, it's a good requirement. It's a nice to have specifically languages that SEALs are operating in. You can just check out the news where their major conflicts going on, those areas and the regions that there could potentially be presence, military presence are a good spot to start learning what language you could potentially learn. However, it is not going to get you to SOAS. It's a good thing to have. It's a nice resume booster, but it is not the thing that is a requirement. Could it separate you from the pack? It can. And from experience, guys and gals that speak a language are more in tune to learn another language. They can learn multiple languages. It's a very powerful tool within the community being able to speak multiple languages. I think having a good understanding, not just a basic understanding, but working knowledge of this language, of a specific language will definitely help you in the end. This is such a small part before going to SEALs, before going to BUDs, before going to SOAS. It's good to have, but it's not necessary. However, it doesn't hurt. Languages like the big ones most people take if they're doing any type of major, whether it's Spanish, French, German, but obviously some of the big ones are no longer in Iraq and Afghanistan, so the Arabic language and all their dialects isn't as... Not quite as immediate use as it used to be. Being able to speak any of those languages puts you above everyone else and it will definitely jump out on the application seeing that you can speak any of those dialects. Well, considering that we have SEALs and SWIC in more than 100 countries around the world, there's plenty to choose from. I guess we would strongly encourage English. I would hope so. That's an important language. Yeah. Portuguese. You got to think about where we could possibly be in the world, right? French and Spanish are widely spoken languages around the world. Dutch, Portuguese, Chinese, Russian, the usual candidates. It's a good thing to have. It's not a requirement. No, it's not a requirement, but it's a nice to have and it won't hurt. But don't let that, if you have to choose between a language or having a better GPA, you want to lean towards having a better GPA. Academics is important when you're applying specifically for the SEAL officer route. Now, one question I've heard before is do I need to learn how to dive or snorkel or shoot a gun before I get two butts? Scott, it's funny you say that. A lot of multiple classmates of mine never dove, never shot a weapon in their life before coming to Buds. And they were probably some of our best shooters and best divers, because they were a blank canvas and everything the instructors taught them, they absorbed and were able to do it the exact way the instructors were telling them to do it. Vice having a person who shot their whole life or dove their whole life, all these incorrect habits that are hard to fix and hard to relearn. So you don't need to have any of that experience, right? If you have a will to serve, a will to lead, that's what the community is looking for. Good men and women who are willing to potentially make the ultimate sacrifice, everything else will be taught to you and you'll be expected to learn it and learn it fast and learn it well. Okay, let's look at another question here. We talk about elements of the package. What does a good letter of recommendation look like? What should be included in a letter of recommendation? The SEAL officer community manager, we got rid of letters of recommendation. They're now called letters of references. So it's a templated format that you can find on the SEAL officer community manager page. And it is, it's templated, so you give it to someone who you feel would write a good letter of recommendation, they will complete this letter of reference and submit it along with your application. It's general questions to talk about who you are as an individual, what some of your goals are, your strengths, your weaknesses, things that really paint a good picture about you, your character and what you represent. And that leads into who should you get for these letters of references. Are we talking about a four-star admiral or Chuck Norris or who? Hey, if you're great friends or if your father or mother are great friends with these type of individuals and they know you personally, yeah, I would get Chuck Norris in a heartbeat. But most people don't know Chuck Norris or a four-star admiral. But if you do know these types of high-caliber people, yeah, it doesn't hurt for them to write your letter of reference. But at the end of the day, the SEAL officer board wants to see the letters of references from people who know you in a personal level, right? And some people I suggest candidates get is guidance counselors, professors, coaches. Maybe you have a family friend that served in the military. And a big question I get is, do I have to get a SEAL? Like a SEAL officer, to write my letter of reference? And the answer is no. It's nice to have, but at the end of the day, it's not necessary. But if you do have someone in your family chain or in your network of people, I would highly suggest you reach out to them and see if they're willing to write a letter of reference for you. The point is that you don't have to go a military celebrity hopping. They want somebody who has true insight in the character of the person they're writing about. Don't just search for that signature, cookie cutter signature. Oh, it was a four star general who is your mother's, cousin's, sister's, best friend's, husband's friend.  And that's what we're looking for, people who know you. So probably not your local senator who just met you over mail. Right. Okay, got it. What are some common mistakes seen in so as candidates throughout the first week? Our readers want to know. All right, so listeners, this is a great question. Some of the things that we see candidates showing up, they're not prepared with running. And so as buds everywhere you go, you're running, whether it's a sprint or a jog, you're going from point A to point B and you're running. We have candidates showing up who are struggling just with this. And that, something I suggest to all candidates is, you know, it's important that you're training, not just for long distance, but short distance so you should be a good sprinter and a good long distancer. You don't need to be a marathon runner to go to buds. It will help and to go to SOAS. It will be very helpful, but that's not, just being able to condition and maintain a pace is what is important to get through SOAS and buds. You know, those guys and gals who can run, you know, three hour marathons, yeah, you'll probably make it for the running portion but it's not going to get you through log PT. It's not going to get you through the ruck run specifically, which leads me to rucking. Rucking, soft sand, boots, we get these questions all the time. Should they be training like that? So I caution this because I don't want to see candidates get injured prior to coming to SOAS or buds but something you will face at SOAS is rucking. And you know, it's an unknown weight but I'll tell you it's somewhere between 35 and 45 pounds. Everywhere you go, you'll be carrying this weight and there may be evolutions at SOAS where you'll be an unknown distance for time to complete a ruck run. So your first time wearing a ruck sack with 35 to 45 pounds shouldn't be at SOAS. I would definitely prep with that but you need to make sure you're pushing yourself to probably an understandable limit so you don't hurt yourself because that's something we don't want to see guys and gals training too hard and hurting themselves and then they underperform at SOAS. So be cautious with how you train using a ruck. There's a lot of informative videos out there on how to ruck properly. People think it's just throwing a backpack and start running. No, there's actually a technique to rucking properly. And oh yeah, by the way, you're going to do it on the sand. So do your research before you jump into it. And Scott, just like you said, guys and gals are not used to wearing boots. So I'm not saying strap on your boots and go run in public because some people may find that embarrassing. But I would highly suggest the first time you wear boots isn't at SOAS. At SOAS you'll get issued a pair of boots if you need it but I suggest to everyone spend the $160, $180 and get yourself a good pair of boots that you can break in and wear to SOAS. That's authorized to do. The boot that they're utilizing at Bud's and it used to be the bait's light but they moved away from that while they're using the Nike SFB boot in color black, non-gore-tex. I get this question a lot. Why non-gore-tex?  A gore-tex boot doesn't drain well like a non-gore-tex boot. So Nike SFB generation 2 black non-gore-tex boot. You can find a range of prices. They're expensive, but once you get them broken in it's like wearing running shoes and it will definitely pay dividends in the end when you show up to SOAS prepared with a good broken-in boot so you can crush all the evolutions that require you to run on the sand. Yeah, and probably not a good idea to make your very first run on the sand the first time you're also wearing boots and the first time you're carrying a rock, right? It's funny you say that but let's picture the individual who lives in the middle of the United States where they're not going to have a beach in front. Get yourself on a trail. Do some trail running with these boots. You know, you want to find a terrain that is not black top concrete. You want to find something that gives a little bit so your muscles get used to running on an uneven, soft or a different type of surface so your body is prepared for that because that's all that's out here. I mean, we're looking out our window right now. It's all beach, soft and hard sand. Yeah, but I mean if you're in the middle of farmland hey, find a pasture and run out there because that's going to work pretty well I think. Absolutely, just getting miles with these boots on different types of terrain will definitely carry dividends when you get to SOS. Okay, so staying on the topic of physical fitness someone else asked, aside from training for a good PST score what are some good exercises or workouts you would recommend to be physically prepared for SOS?  Most Navy SEALs aren't like that. They're in good shape. They have good cardio are able to maintain a certain pace for a long time, are physically strong and durable within their muscles so what I'm getting at is you don't need to be a bodybuilder or a CrossFit superstar to be able to be a good Navy SEAL operator. We want to see individuals who are let's just talk this way probably a lot of people ask me hey, what type of workout should I be doing? You should be doing high reps lighter weight. You don't need to be doing single rep max bench press squats you need to be doing high reps lower weight probably not even over your body weight that's what you want to be doing but know that you're being trained you're preparing yourself for the worst case scenario where you would have to potentially drag your teammate at a harm's way and your teammate can weigh anywhere from 150 pounds to 250 pounds you need to be able to move that weight but in preparation to do that you need to be able to continue and go at a certain pace with the certain type of strength which leads to high reps lower weight if you need to move something heavy real quick you'll be able to do that I've seen guys training before team guys and it's nothing like the training I've seen when we tell guys to get ready for a good PST so knowing that these candidates their first step is blowing away a PST not looking like Captain America for a mission overseas that's a whole different level of fitness they can do that when they get this far but in the beginning when they just need to impress a SOAS board with good PST scores what are they looking at for exercise? some people prepare themselves and prepare for a PST for SOAS that's the wrong way to prepare you prepare for the PST to take the PST to submit with your application once you submit your application you need to start training as if you're an endurance athlete like I said high reps low weight not a marathon runner but being able to run four miles in 28 to 30 minutes maintaining a pace being able to do 100 straight perfect push ups that gives you muscle flexibility all my repetitions are in good form I have a good condition of my body because a lot of the evolutions you do at SOAS and at BUDS are high reps repetitive movements let's look at log PT a lot of shoulder strength a lot of leg strength so working your lower body is very important because like I said running is everywhere you go you're running you're going to be doing log PT you're going to be doing races so making sure you have a strong lower body and strong shoulders is very important prior to coming to SOAS and the big thing is making sure your body you know you're healthy you don't want to over train and hurt yourself because you're not stretching enough what I'm telling individuals is stretch prior to stretch after you do your workouts just so your muscles have a time to cool down and you're not getting hurt so big things are your training for a marathon without being a marathon runner high reps lower weight and you should be focusing on leg strength and shoulder strength because that's 90% of the type of workouts you're going to be seeing at SOAS and for the PST they can use physical training guide once they knock out that great PST then they can focus on the SOAS training which is a bit of a different kind of training so how would you rank the or weight the requirements the PST the letters of reference university etc of a SOAS package for an invitation what's most important so the first thing the board excuse me the down select panel the first thing they're going to look at is your PST score over the years we've had much more competitive scores now they're starting to get a little bit lower but we're still seeing a very competitive score somewhere between the 700 and 800s so what does that look like we're looking at a 9 minute 500 yard swim a 90 plus push ups 90 plus sit ups 15 plus pull ups and I'll just interject here that if you go on seelswick.com we have a PST calculator and the PST calculator will give you that composite score and tell you where you are and there is one specifically for officers it's a different set of standards it's higher standards so use that PST calculator for officers plug in your scores and you'll find out where you are and how much you need to improve right and you know the thing we're seeing most is guys and gals their run times aren't good but also pull ups when you do your PST for your application and you submit it the first thing you're going to do if you get invited to SOAS is a PST so you better ensure that your PST is accurate to what you submitted right because quality assurance quality assurance isn't always up to you know up to standard when you get to SOAS because at SOAS you're going to have one to one ratio with assessor to candidate so they're going to be watching every push up, every pull up, every sit up and it's really important that you're doing good form and practicing this good form prior to coming to SOAS because they're going to discount the reps that don't meet form right and potentially you could get dropped from SOAS if you get if you get checked by you know you can get dropped from SOAS if you're doing improper form if you get hit several times on doing something incorrectly you could potentially get dropped and get sent home and we've seen that in the last SOAS candidates don't deselect yourself by having crappy form on your curl ups or your push ups and even with the pull ups so there's so back to the question you're saying so PST is very important, that's the first thing they're going to look at GPA that's very important to have a strong GPA but the board understands that a mechanical engineer GPA and an economics GPA if they're the same you know, mechanical engineers usually have a harder workload I was an econ major and I had buddies who were mechanical engineers we had the same GPA but much harder workload than me granted you know, I shied away from my focus on academics sometimes because I was focused on athletics but just know that if you have a 3.0 mechanical engineer GPA that's okay, you don't need to have a 4.0 if you have a 2.0 economics GPA you don't have a little concern unless you're a division 1 superstar athlete and it fell along the wayside of not studying all the time because you had to focus on your team and your team came first the board will understand that so there's a lot of things that play into your GPA but having a strong GPA 3.0, good to go and the degree kind of matters so degree kind of matters specific degree the community is looking for they're looking they're specifically looking for you picked a degree you stayed with it and you succeeded and earned that degree so that's something that they're looking at but specific degrees isn't a primary thing they're looking for when they're looking at an application so, PST, strong GPA and probably another one is having a you know having a background in something you know having a background in something whether it's in sports in extracurricular activities doing something outside of just academics and what I like to call that is building your brand so along with your in your SOA's application you're going to submit a resume and this is basically a brag sheet about you the candidate the more things you do outside of school or outside of work that gets added to your resume that makes you look a more enticing candidate for SOA's so doing other things that interest you is important to do and it helps build your brand as a candidate so if you're random example if you're at Notre Dame and you're an NRRTC candidate and all you're doing is NRRTC you're wrong you're doing something outside of NRRTC whether it's playing a sport doing some sort of club I'm not saying go walk on Notre Dame football right if you played football in high school but hey if you played football in high school maybe there's a club sport maybe there's something else the whole point is to have that team environment that you're always the teams is the teams the SEAL teams you're working along men and women it's important to maintain that prior to SOA's so at college do things that involve teamwork I've heard the commenter often talk about team ability being a crucial attribute in SEALs and in SWIC and it starts in high school it starts in college and continues on if you choose to go SEALs it continues on in the teams hence teams makes sense for a package okay so we got time for one more today and we're going to have to have you back because we got a lot more questions but last one for today what is the best way for OCS candidates to compete with Naval Academy and ROTC candidates given the lack of military experience and background that they may have alright so OCS candidates it's sometimes difficult for those applicants because some of them don't have any military experience at all whether they're a parent mom or dad served or their grandparents served some of them don't have that luxury where Naval Academy, ROTC they're thrown into military lifestyle right away once you get to school, hey you're part of the military learning how to march, learning how to salute learning how to make your bed correctly and wear the uniform properly OCS candidates don't have that luxury they don't get that luxury until they actually go to Officer Cannon School in Newport Rhode Island so some things they can do one, first off OCS candidates you need to reach out to me you can get my point of contact at the Sealswick website or it's andrew.dow.ctr at socom.mil that's a good way to reach me but you find that my email on the Sealswick website Sealswick.com you need to reach out to me is for a couple things one, I have a Seal Officer email distribution list this is a list I've been collecting since I started doing this and it's all current candidates or current applicants who are interested in going the Seal Officer route I send out announcements about different opportunities for OCS ROTC candidates some of these announcements will post will notify you of upcoming webinars that I host I host about 6 a year and these webinars go through the SOAS application it goes through NSW 101 we talk about I get guest speakers on some senior officers, junior officers senior enlisted junior enlisted to come on and talk about officer enlisted relationships and they're tough some of the challenges they faced as Seal Operators but it gives OCS candidates an opportunity to learn about the community ahead of time and it also tries to balance the playing field with their Naval Academy and ROTC teammates teammates, perfect because specifically Naval Academy they have Seals on the yard and the yard is the campus they have an officer and an enlisted and sometimes even another officer on the Academy grounds that they can reach out to as a resource OCS and ROTC do not so that's why we started these webinars for them to have a touch point and a place they can go to one, talk to a Navy Seal me or talk to some of my special guests that I have come on but it also gives them an opportunity within each other and create their own social network like the Naval Academy has it gives them an opportunity to say, hey John or Mary, are you from Colorado? oh, me too so it gives them a good common area where they can meet and potentially build friendships and training buddies to get prepared for OCS and to ask their questions and bounce it off when they want each other so this distro we also host NROTC OCS exposure weekends here in Coronado those are by invitation only you register and then I notify you if you get invited and it's basically modeled after the Naval Academy Seal screener and what we do is run you through some challenging evolutions for about 24 to 26 hours of hard evolutions that you may or may not see it so as but it gives you an opportunity to see hey one, is this for me? two, what do I need to work on? and it prepares you for OCS so don't work, let me say this though don't worry about the military part you're not the whole OCS staff understands that you have no military background or knowledge of the military so you're not going to be graded on poor military bearing or poor the way you wear your uniform and properly they understand that you're going to learn that after so as because OCS candidates don't go to OCS until after they've been selected and been told that they're going to Buds that's when they'll go to OCS so they go to OCS after so as while the Naval Academy ROTC have been through before Buds and another thing that they can work on is most of our OCS candidates have their degree already so they have graduated in the corporate America or working in the public sector stay active continue to do things that you would do that surround yourself with challenges whether it's go to your local gym and join the club swimming team continue to stay active and do sports or do types of activities outside of your work so you can stay active and stay engaged because you need to have that competitive edge when you're at so as and you need to maintain that prior too so you don't get lazy after you graduate yeah thanks for that I want to put in a quick plug for Andrew folks the only way you're going to find out all this stuff other than just hearing what we have to offer quickly here on the podcast is to go to saleswik.com check out the officer accession page you're going to see Andrew's name and email on there contact him so he can tell you about these things that are going on that are meant to help you so you can get on that that email list and we can let you know what's going on and you can explore the community from there I appreciate you coming in today we're going to do this again because we have plenty more questions but I'd like to thank you folks that was Andrew Dow our seal program program's expert I'm Scott Williams and this was the only easy day was yesterday


Russia sees four US missiles down in the southern region. Russia on Monday says that its air force has shot down four US-made HA-RM missiles over its airspace in southern Belgrade province. These were anti-radiant missiles, the Russian Defense Ministry reported. This was the first such claim since the war in Ukraine started on February 24. Belgrade region, which borders Ukraine's eastern Luhansk, Donetsk, Harkov and Somya regions, claims regular shelling by Ukraine. The region's governor said on Sunday that one person died and eight were injured by Ukrainian shelling in the morning. A column of smoke rose over the houses and authorities reported the deployment of air defense. Our defense system was deployed over Belgrade and Belgrade oblasts. There are consequences on the ground. Governor Vyacheslav Blatkov said.


everyone and welcome. This is Melissa Armo with the Stock Swoosh. It is summer, summer is in full swing, which means hot summer days and long nights, which is great. So I'm doing some classes this summer. The class for June is coming up next weekend. If you're interested, if you've been thinking about signing up, summer is actually a good time to trade gaps, which is what I do. If you have questions, email me at MelissaTheStockSwish.com or call me at 929-3200GAP. You can follow me at Twitter, Facebook, YouTube or Skype. The market has been great to trade this year in 2022. For those of you that don't know what I do, I prefer to short, okay? So one of the reasons this year has been such a great year to capitalize on short moves is because we've had the market with us. Now, do you need the market to get short moves on a regular basis? No, actually you don't. But what we have had this year, which has created a lot of opportunity, is we've had more help with the market, which has meant larger moves, bigger moves. This is in day trades, this is in options, okay? So that has been very beneficial this year. And again, it's really been a good year to trade because of the volatility. The volatility has made it a good year to trade if you know what to do. But to be honest with you, you always have to know what to do. I'm not sure why people think they can ever get away with not knowing what to do. You gotta know what to do all the time. So I'm doing a goal and gap course summer sale. For this summer, you can sign up by Friday, June 24th. The class is a 25th and 26th. So the sale is, you can save $1,000 on the class. You would also receive one month free of the stocks which show live trading room. Anybody that's in the room has done the class. You cannot be a member of the room unless you've done the course. So the course tuition is $69.99. The summer sale is, if you sign up by Friday the 24th, you would save $1,000, that's huge. And you would pay $59.99. This ends Friday, the 24th, no exceptions. And of course the class is Saturday and Sunday. It includes one month free of the stocks which show live trading room. Again, you can get the calls, you can get the trades and trade this summer. If you're interested to sign up, you have to email me for the forms. But summer trading is about trading fast and being done. I prefer to do that anyways though, to be honest with you. I'm in and out. I call it chunking it out. I'd like to trade in the morning quick and be done. It is about taking calculator risks. We do use stops. If I get stopped out, then that trade loses. Then I may take another trade. It's a fixed risk on every trade that I take. You have to use stops or limit order stops. You put them in your platform. And again, I teach this and go over all of this in the class. So let's take a look at Friday's trade. This was target and again, a gap down. So I like to do gaps. You will learn this in the class. Stock close to your gap down, fell, boom. See the volume, okay? So target was a gap down that we shorted on Friday the 17th. Entry was 140.85, stop was 140.190. It's really good. Share size was 2,800 for an advanced trader risk of 2,940. Exit 139.65, boom. Profit 33.60. So you would have made $3,360 risk in 2,940. That's a nice trade. I'm usually looking for one to one. And actually, people always ask me, well, do you always get a low the day exit? No, that's just not realistic. I do the best I can. That's all that anyone can do. This came all the way down, broke 139, went to 138 and change. Here's what it did on the day. In fact, I think it came down. It looks like 138.50. Around 315. But I'd like to trade in the morning. So I don't want to hold a day trade all day. I just don't think that makes any sense. But this would have kept you in it. Actually, I'm looking in here where we had to stop. It would have kept you in the trade until 315. I'm just saying that now. I could have made another dollar plus on this. But I never go back and think about that because I just am like a machine when I go in the morning, do, do, do. I get up in the morning, I rate the gap, I see this set up, I take it, I'm up, I get out, boom. And I like the fast trades. Not just for the summer, I like the fast trades all the time. Anyways, we didn't get this out of the gate. We could have done it out of the gate. We did not. We did it here, got the drop, boom, out. And I thought this was a really good exit, actually. I really did. But could have squeezed a little more out of in here. Could have squeezed a lot more out of it here. You did the best you can. And that's all anyone could do. And what does that mean? It means making money. So that is your goal. That should be your goal every day. That is my goal every single day too when I get up in the morning. So at least money through Friday. 1,400 shares. For example, if you take half the risk, half the position, okay, you would have made good money. So no one says that you have to take an advanced trader risk. You could have taken 500 shares. And you would have made over $500. What's wrong with that? Nothing. $500 a day times five is $2,500 a week. Assuming we don't have any losing days in there. And usually, if I take a shop and something, I will look for a second trade. Anyways, this was a nice move that we captured here Friday, going into the weekend. Summer is a good time to trade gaps. That's what I focus on. What will you learn in the class? You will learn the 26 point rating system, how I make the picks, like Target, for example, or how I've been reading the market. You will learn six different entries. You will learn targets. You will learn exits. And again, this is in a two day weekend. It's jam packed. It's 14 hours, because it's 16 hours, but we take an hour break for lunch each day. And again, the class is online. You can be anywhere in the world and take it.  Yes. I have top people that have never traded before. There's no books you can do to prepare. I created my own system. There's nothing you could do. No one has anything what I have out there like me at all because I created it myself. Many people do gaps in different ways than I do. They do them incorrectly too. I'm extremely good at this. I've been doing this now for 14 years. You can learn from me. I will help you. Do not be nervous about it. I answer people's questions even after the class. So, you know, I make myself available to people. And obviously, if you want to sign up, you can be in the room. No piggy targets is a good philosophy. Obviously, I don't even think really 1.3850 would have been a piggy target on a Friday.  You know, if it was a different day, maybe during the week, I would have held this a little bit more. But I do like to trade and be out early in the morning. Sometimes I see something I say, I absolutely love it. I absolutely love it. No chance of failure. Then I'll look for a piggy target. And we do have those trades. We've had those trades. We've had a couple of those good trades lately. And we will again in July. So working for yourself is something that a lot of people want to do right now. Two and a half years past COVID, people are still looking for extra money. Now for other reasons, because of inflation, because of the possibility of recession, people want extra money coming in. The nice thing about trading, day trading, fast trading is you can trade in the morning, be done in the first half hour of the day. As far as doing options, if you want to take my class and do the options, you can learn how to make the pecs, okay? Then you can apply the system to make options pecs, because we're taking it in the direction of the trade. So you would buy a call if you wanted to short, you would buy a put if you wanted to short. You would buy a call if you wanted to go long. So again, we're taking trades in reference to options trading momentum. A put is a short, a call is a long, okay? And if you have questions about that, you can always email me too. So you can learn the rating system if you want to do options in the class, you'll learn the targets and the entries as well. So you have to follow a process every day. I think this is a downfall for many people. They don't have a process. They don't have a system. They don't have a checklist either. They're willing nearly on a whim, whatever the TV says, whatever the news says, whatever trading room they're in, they have no idea what they're doing. They're following free Reddit chat rooms. I mean, people all over the place. They're going long, they're going short. They have no systematic way to do anything whatsoever at all. I have a very systematic way that I look at things. And again, this is what you're coming and you're paying me for the information to learn it so that you can start doing it, so that you can start using the checklist yourself so that you have a systematic process every morning to follow. That's gonna keep you on track, okay? And then you will have better results following a procedure, a checklist and a procedure that I'm gonna go through it each morning. So again, the Golden Gap course is coming up in June, class is June 25th and 26th. So I'm doing one class this month. Class tuition is $69.99. And if you wanna be in to train for earnings season in July, this is the class you'd wanna sign up for. The next class is not for more than a month. And earnings season begins in July. The class is online. You can be anywhere in the world and take it. You must email me for sign up forms. And again, this is a nice special. The Golden Gap course summer special includes the training went free for one month and $1,000 off the class. It's a nice deal, especially for people who are looking for a deal. This is $59.99 instead of paying $69.99. I do this maybe once a year, if that. In fact, I don't even think I did this at all last year in 2021. So take advantage of this, don't miss out. Class is next weekend. If you want the sign up forms, email me. You can get in the room and start training this week. Good luck everyone and have a great day.


other teams play. I think it's just if we get a convenient draw Napoli, I think we can beat napoli. I'm not worried about them. They are not playing well bars are not playing well either, but Napoli isn't playing much isn't playing any better. They're actually playing worse. Good ball from frankie You not a good strike. Damn it. Damn it. Damn it Where's rafina rafina is out injured until like mid march or something or early february something like that Good ball from that's a hard strike. The ball's bobbling around you have felix on the overlap fed on is wide In so much space out wide Friend i'm glad i'm not a bars fan. Well, I appreciate you watching this and not being a bars fan Not sure why you would this is a mess. Maybe you just like seeing pain and then I got a little masochist That's fine How does in yaki saw this ball fort? He's gonna put it out for a corner and just the Worst cross and niko's gonna try to volley it and miss terribly and then Gundo is being shielded Definitely not legal Whatever Bro, you're one minute behind him. I'm at so I'm a 112 minutes into the 112 minutes and 31 seconds. Oh my god I'm sorry. I just yelled so loud for those guys who have headphones on. I'm sorry And now somebody's hurt Oh, no, he's just stretching Oh my god Kuparsi, what are you doing my guy?  Yes, inaki williams and niko are brothers. Correct I'm noise sensitive. Sorry qual. I apologize my friend. I apologize Um, probably don't want to take out the headphones for the next 10 minutes.  I do If we get a good draw, uh, we'll make it far but to win we need the big teams out which we can't provide You're right. Uh, we also can't provide ourselves a good draw. Um, I think we'll beat napple And then who knows who's up after that forts injured great. Um, we're in such a tough spot right now Look at this. We have no idea what to do at all. There's no energy No movement from literally anyone in the squad except frankie dayong and mark you This yuao felix sub was a mistake from chavi We needed energy and felix doesn't really give us that he gives us quality on the ball But he's losing it too much right now. Um, look at the third Oh my god, just throwing up frankie. Oh my god. It's five am in bangladesh. Stop screaming Sorry helmi It's not five am here. It's five p. I'm here. So We are wasting times or so who got a yellow card. What is going on? Who is crying? Did frankie get the yellow card? What is going on? niko I I give the man of the match to To lamine still uh, no you can't give it to me after that frankie Yeah, you can't come up this little crier of a ref the entire time like that Madrid fans after the four nail to man city. I guess this is karma. Don't worry Rob Most of our complaining is mainly jokes. I get it man. I get it. It's all good I'm not upset romania is crazy We have one am in rome in austria All right, look at kundo. He he he is non-existent in this match. All right yuao felix Let's see what you can do terrible bar ball from fort man terrible ball frankie dayong can't foul him frankie Put your hands down Uh, so last time I checked though when you go like this when you ask for a card. Is that not a card? It's not a bad foul from frankie. I don't think I'd call that a yellow card The other guy kind of just pushed like leaned into him with his body Who Williams has put in good crosses today, but I mean for the first half he basically the first like 60 minutes He didn't look good He put in good crosses, but That's it. You know, he may he failed a lot on one-on-ones. We had him pretty locked down not a foul get up Adaho, you're okay. Adaho calm down.  Oh my god. Sorry. Sorry for the cursing guys um, if you guys are Not expecting to hear that it can be rough sometimes. All right, calm down fort is currently inverting as a winger felix is basically Who is that? Is that fed on torus playing on the left? Who is that? What is going on? Is that goondo? No, goondo is on the ball now. What is this lineup? Oh my god mark you great touch of the ball Who just Roberto at Sergerberto? Sergerberto on Niki and Yaki Williams, of course, of course, he's gonna screw that up Never gonna work never in a million years. Good night guys. Go to bed. Go to bed.  It's just pain and suffering. Stop go to bed Definitely a weird ball from Adaho Shocker from the ref today though. Not his best work Sergerberto, that's a foul. We're lucky that was not called a foul because that's a foul.  But I all right. You got a man on Where is that ball going to?  Yeah Oh my god, I'm just gonna go out Pain pain everybody pain No By the way guys we we're still in La Liga It's not set in stone that Madrid or Girona is gonna win. Okay Madrid got lucky. They didn't go down in points last game. They should have dropped at least two points We aren't out of La Liga. It's wild for people to still think that People are claiming like we are we're not Jadon's world, that's big. I appreciate that amigo All right, all right, come on move the ball forward move. No not to the other center back Oh my god. Yeah, give it to an yaki pain you to give it away Why God right back to Nico right back to Nico is gonna go to Villa Liberia up top or he's gonna try himself Okay, Sergio Roberto offside somewhere We haven't been able to pass the halfway line in so long I don't understand Vinnie with the hand of God Ref, why do you let that play out?  Sure. They weren't in the champions league. They got but they were in the yorba league That's still another competition. They got a plane I don't know. Okay. They still have the ball. We still have possession and oh my god. How is that not a foul? How is that not a foul? I don't know. Oh, uh, is that not a foul? I mean, it looked like he was going for the ball. Oh my god. Come on see if almost get a good job All right, no foul.  Oh my god. Sorry. I'm screaming One minute of added time is wild. All right. All right guys Good for niko. Niko deserved it. We didn't deserve to win. That's for sure I mean, look if lamine hits those chances, it's a different game But the xg we I'm almost certain we still lost on xg. We didn't play a good game here Uh, Ernesto Weber these guys played pressed well Even when we were winning to one, I didn't think it was set in stone either like Chavi needed to make changes that he didn't Uh, I don't know. I I don't know Later, Robert rixon appreciate you being in the chat That are now whole man. I would love to that for them to take a look at that Oh, I'm tearing off sofa squirks to keep looking at it because it's it's spoiling it for me. Oh, that's not it That's it. Well, nope There you go. Where's the box? Oh boy, everybody. Oh a good strike from in uh from niko Sad day Your shinch, I get it the backing chavi for so long into this Good for niko man. He deserves it. I hope they win. I like niko williams and yaki williams. They're good guys I made a whole video about them. They're good um 4.59 xg to 0.95 no way Oh my god look These guys needed rest. Okay That's a bright side of this. Okay, we get some rest We don't have to worry about another competition to play in Might make a video about this next. Um I don't know I gotta figure out what i'm gonna make a video about. Let me know if you guys are interested in anything specifically This was a big mess all arounds. The team did not play well They didn't They couldn't like this is this is the same feeling I get every time the team gets pressed They have no ability to play out of a press this season whatsoever at all at all and I don't I don't understand like the midfield is non-existent They have frankie dayong the highest paid midfielder in the world The second highest played player in europe and yet Like he's This happens. He's useless for 60 minutes. He's very poor and he finally shows up right. Yeah, great But then he can't combine well with anybody the gundo and pedri link-up was gone Ferdinand does it benjamin does a good shout ferdinand deserves a video But I can't bring out a positive video after this. I gotta be critical of something and And so like this was a little bit too messy to not Not complain about we'll throw that we'll throw the sponsorship up if you guys are interested in checking out classic football shirts feel free to click that link and Or scan that qr code or click the top of the link in the top of the description to check this out And you will help us out every time with every purchase made we get a kickback that helps us Helps me make more live streams and do more videos. Why do I support the team everyone? Who is your worst player of the game? um gundo Made a lot of mistakes kundae didn't look great In yakupeña made two good saves, but also made some mistakes uh felix was useless Robert levendowski, he got a lucky goal. It wasn't good He played one good ball to lamina. I'll give him that Let me know all best player on the pitch Frankie dayong was the best player on the pitch in the second half of this match But completely ghosted in the first half. I have a feeling chavi gave him more freedom 398 people. That's insane. Um Penya can't save a word document Kunde sucked Yeah, I don't know guys. I don't know that was a messy match and like they Bilbao missed so many chances athletic club was not good today They missed so many very good chances We got lucky. It wasn't even more embarrassing. My god, we need ter Stegenbacker. That's a good shout out around the muser um But bars that can even get past players as coaches Non-pass players as coaches level should be on the bench next game. I agree. I agree I think we need mark u deserves more time sodas vito roque So I think getting both of them, you know, getting one of them 60 minutes the other 130 minutes is a really good idea Everyone on social media is blaming you mall. Don't okay. I'm gonna put out a PSA. Please listen to me right now Uh, this was not lamina most fault Somebody said they athletic club had a xg of four above four and we had an xg of under one Laminio mall didn't it's not his fault. We lost this match He he's part of the reason we were in this match. All right He had very difficult chances to take and sure he could have converted them, but he's 16 years old We can't rely on a 16 year old to finish those chances. I'm sorry. The team is not okay to do that. All right, they're not Good like we have no reason to do that. It is not his fault in any way He played wonderfully today. He missed two Chances that he could have put in right one of them wasn't very easy The other one was easier, but he's still you know, whatever it was on his weak foot It's tough for a kid a 16 year old who had an incredible finish in the first half in the first half of that match He was my man of the match by Far far and away the best player on that pitch for a very terrible barcetein A very poor barcetein and then he went on to finish that ball the way he did And yes, he got you know, I don't even want to say I'm lucky He just wasn't good enough to finish those balls We haven't really seen him in space like that before And there's so much pressure on his shoulders. I'm not upset at him for that. I would never hold that against him He's 16 years old. There's he's played two games full out in a row Don't let anyone talk poorly about him. That's unfair and unbelievably The excuses that plead people must be making to be doing that is wild Sub's were shambolic Chavi had a shocker I don't understand why he only brings joel felix on at the end of the match there to lose use his last window I think you have to bring on Something else Something a little bit more if you can't bring on firming Lopez because of the academy three players rule. Okay, right? That's fine. Bring on you got energy and vito roque and mark you bringing on mark you with 15 minutes to go in added time is not enough Sergio roberto as well. He played terribly He played terribly not only was he for the reason that third goal was scored. He was Awful an awful awful day awful player He's not good when people when the team is getting pressed Really really hard and that's what bill bow like I don't even want to say their press was really really hard But it was very solid Okay, and that's not where Sergio roberto will thrive and I get it Your your team is thin. There's not a lot of options there and pedri We don't want to hurt pedri, but Like bring on cancello play him as a midfielder. He would be better there. I'm pretty confident than playing Sergio roberto there. He played terribly Um, I okay. I get not bringing on orio romay. We needed energy He's not going to give you that and he he's going to bring in some solidity And I was arguing to bring him in when we had the lead But Chabi didn't do that. We lost the lead. Here we are now. Okay, whatever You can bring in vito roque with joel felix take off ferran torrez and robert levendowski together Or don't bring on joel felix at all, right? The only time we were creating any chances This entire match is when we were on a break, right? What is joel felix not good at? Scoring or being competent on the break at all at all ever. He is not fast enough to beat players One on one or when he is being chased down It's a mess We were terrible a lot of that is on chavi his tactics were not good enough He didn't make quick enough changes. He needed to free up frankie day on earlier I think they made that change at about the 60th minute to give frankie more freedom But it was too late. It was too late. He played terrible in the first half with him free That could have put so much more pressure on athletic lube, and then they may not have been able to press as high Coonday played terribly too direct. That's not a bad shout He played poorly a lot of people played really poorly robert levendowski really poorly. Maybe maybe he played like one good ball, but bad game Bad bad bad game guys, um I don't ah 430 viewers. That's so cool. What's up everybody? I'm not trying to cry, but Ferdinand played better before he came into the center fernan looked really good when he was combining with levendowski. I think Chaby probably should have brought in mark you there You probably bring in mark you or veto the rope even and let fernan continue playing off of them Maybe that's an idea like obviously hindsight's 2020 whatever but 27 shots to seven. I don't know what else to say guys That was tough Remember me when you're famous Robbie. Well, I'm not going anywhere. Don't you worry about it? um But uh, yep, if you guys are interested check out classic football shirts And you can go to the top of the link in the description as well and check out this kit that i'm wearing right now If you use that link or you scan this qr code I will get a kickback from any purchase made and that'll help me make more live streams and more videos and Everything like that. But thank you guys for all joining today. It was my birthday for those of you who just joined And uh, and so I appreciate everyone being in here. This is the most people we've ever had or I've ever had in the stream um but we're out of the Copa del Rey now and I don't know Chaby needs to make changes We have more time to rest. That's a good thing. That's a good thing to take from this We're not competing in another competition that we need to waste time in we have a break Where we're just worrying about la liga and the champions league All we have to worry about and We're in both of them We don't have a bad match up in the champions league and madrid and girona both don't look great right now Okay, not saying we look bad. We look better, but they don't look great either. So things can happen I'm not going to say trophy of the season either. I think miracles can happen. Weirder things can happen But thank you guys all for the birthday wishes Uh, those of you that super chatted I appreciate that so much as well If you guys want to join as a member You get do that down below Next there's a join button next to subscribe and you guys can use cool emotes and chat but Yeah, I'm I'm gonna I'm gonna head out.  I don't know who they're playing also sooner or something like that I don't know. I don't know what to say guys. I will uh See you on saturday and another and I'm uploading a video saturday morning as well Not sure what it's going to be yet might be a reaction to this game or something like that Uh, I'm going to try to make it positive, but I don't know what I could say But thank you all for joining wall barciball nasko quoll aj Minecrafter lavo. Thank you guys for being a part of the stream. I really appreciate it If you guys made this tolerable even those match was a mess But I will see you guys on saturday, right saturday eight a.m. My time and then 12 30. I'll be live streaming, but


Top time fillers for an EFL classroom As every TEFL certified English teacher will know, it is all too common to find you have completed the lesson, but there is still time left before the end of the class While first-time teachers might panic in this position, experienced teachers will always have a few go-to activities to use in these situations To help you out we have put together the following suggestions for fun, educational activities that can be brought out with little or no preparation Telephone This is a classic old classroom game that is still great fun to use today First, you need to arrange the students in a circle To get the game going, the teacher or a student comes up with a relatively long sentence, ideally using vocabulary or grammar points learned in the lesson and then whispers it to the first student in the circle The next student has one go at passing on the sentence to the next student in the circle Continue around the circle until you reach the last person The last student then says the sentence they heard out loud The teacher can then reveal the original sentence to see how it compares with what the final student said Pictionary This popular game is a great way for students to practice their vocabulary in a short space of time All you need is to have the vocabulary you are currently studying written on separate cards ready to go To kick things off simply choose a student to come up to the front of the class and choose a random vocab card The student then has anything from 1 to 3 minutes, depending on time constraints, to draw pictures on the board, to elicit the correct word from their classmates No letters, numbers or symbol are allowed and the rest of the class can have as many guesses as they like until the correct answer is found or the time runs out The student who correctly guesses the word then repeats the process until the lesson is concluded The never-ending story This popular time filler gives the students a chance to be creative with the language they have learned Start by writing a sentence on the board that could be used to start a story, ideally containing grammar or vocabulary from the lesson The students then take it in turns to come up and add a single sentence to continue the story The class can check each sentence for errors as you move through the activity Once everyone has had a turn, one person can read out the story to see what you have ended up with Once you have used this activity a few times you should find the students have the confidence to be increasingly creative Why? Because this very simple game has the potential to generate plenty of laughs in the class To start, each student is given two pieces of card or scrap paper On one, they have to write a question that begins with why On the second, they answer their own question beginning with because Once complete, collect all the why cards and mix into a header box and then do the same with a separate pile of the because cards Students can then pick a random card from each pile and read out the why because combination Inevitably, there should be some funny results To finish, you can have the students match up the correct why with the correct because Charades! This classic party game is another that is great for practicing vocabulary To get started, choose a random student to come up to the front and pick one of the cards that you prepared for the Pictionary activity mentioned above Instead of drawing to elicit the chosen word, the student must act out the word without speaking In larger classes, it might work better to have two teams with one player from each team acting out the word at the same time The first team to guess the correct word wins the point To make it more competitive, you can keep a running score for a month and I award prizes to the winning team Whiteboard Slam! This fun activity offers yet another way to learn and practice vocabulary Start by writing a simple four-letter word on the board Then the students are tasked with producing a new word by changing only one letter When a student has an answer they can come to the board and write it underneath the last During the activity, make sure the students have the opportunity to ask for a definition of any words that they are unfamiliar with Keep going until they have run out of ideas or the time runs out Would you rather? This is another simple activity that can help you learn a little more about your students All you need is a pre-prepared list of questions starting with would you rather? These can be simple questions such as would you rather eat an apple or an orange? Or more complex questions such as would you rather live in the 19th or the 21st century? Once you have asked the question, the students move to one side of the room or the other depending on their answer The teacher can then ask a few students from each side to explain why they gave that particular answer Open questions On some occasions, particularly with higher level groups, it is useful to spend a few minutes on open questions where students can ask about material that you have covered in recent lessons They could also ask cultural questions or about unknown vocabulary that they have come across Ideally, other students will be able to answer the questions But if not then a straightforward explanation from the teacher can be very helpful to the students' progress Are you ready to teach English abroad? Apply now for your TEFL TESOL certification course and start teaching in a matter of months Speak with an ITTT advisor today to put together your personal plan for teaching English abroad Send us an email or call us toll free at 1-800-490-0531 to speak with an ITTT advisor today


In this presentation, we will compare a perpetual inventory system and a periodic inventory system comparing and contrasting the two. It's important to know both of the systems. The perpetual system is the one we will probably be focusing on most and the one most seen when working problems. However, the periodic system is used when we have a small or less sophisticated type of software or type of process that we are using and it's useful to know for that reason and also because the cost of good calculation that we use and the counting of ending inventory we use for a periodic system is something that we will need to use for a perpetual system as well. So the basic between the two of them will be that the periodic system will be used when we have a less sophisticated system. The perpetual system will be used typically when we have a more sophisticated system. Let's see some comparisons as we go. We'll take a look at a few different transactions in order to demonstrate the difference. We're going to record the transactions here on the left side where we have both a debit and credit column. Credits being represented by a credit column and with the bracketed or negative numbers. When we post those to the trial balance, however, the debits will be positive. The credits will be negative. The zero at the bottom shows that the debits minus the credits equals zero. In other words, they are in balance and we have the net income down here. We're going to have the assets in green, the liabilities in orange, the light blue, the capital, the dark blue, the income statement accounts. We'll post our activity here and see a quick reference to the ending balance. First, we're going to take a look at a purchase of merchandise on account. We'll start here because this will be the same under either method. No matter which method, the perpetual or periodic, we will have the same purchasing journal entry. It's also not an estimate. Once we later get into different type of estimating methods like first in, first out, last in, first out, average, or using specific identification, it won't matter for the purchase. The purchase is what it is. We're going to purchase merchandise. We're going to say we purchase it on account and therefore we're not going to pay cash. We're going to pay the accounts payable. I would first think about the merchandise inventory. However, that's what we are getting and it has a debit balance. We're making it go up by doing the same thing to it, another debit. So we'll debit the merchandise inventory. The credit then will go to the accounts payable, which we already know because we credit merchandise inventory. We can also figure that by seeing that the payable is a credit balance represented with brackets. It needs to go up. The bad thing is increasing because we owe more money for purchasing something on account. We will therefore do that by doing the same thing to it as its normal balance credit. So here is the journal entry. If we were to post that out, we're going to post this debit and merchandise inventory right there to merchandise inventory starting at 10,000 increasing by 13,000 to a total of 23,000. Then we have the accounts payable here. It has a credit balance. The accounts payable will be posted here to the accounts payable accounts, which also has a credit balance. The 6,500 credit plus the 13,000 credit gives us a total of 19,500 credit. The effect on the accounting equation is that the assets are increasing due to the inventory and asset increasing liabilities increasing due to the accounts payable, a liability increasing, no effect on the equity section. Once again, this will be the same for both methods, both a perpetual and periodic method for tracking inventory. Here is the total transaction with all of our accounts here. Note that we are in balance by the green zeros and there's no effect on net income, meaning neither revenue nor expenses or any contra revenue accounts are affected. We did buy inventory. We didn't expense the inventory because we have not yet used the inventory. We will expense it in the future at the point in time it is used to help generate revenue in the form of cost of goods sold. Next type of transaction will be the sale transaction. And this of course will be the one that will differ. We're going to differ when we sell things. In the periodic system, what we're going to do is just record the same half of the transaction we would see if we were a service company, meaning there's going to be a sales price that we will have and a cost to the merchandise we are purchasing. If we are in a periodic system, we're going to ignore the cost. If they give that to us in a problem, we're going to ignore it when we first record it because we are just going to record the sales half. We will get to the cost in the recording of the second component, but not until we count the inventory at the end of the time period and record it at that point in time. So we're going to say the periodic system then will be an increase to accounts receivable, assuming we sold it on account. And it's going to be an increase to the revenue account, the income account, in this case called sales. So this is just a revenue account for a merchandising company, often called sales. That's where we stop for the periodic system. And we will move to the second component later when we count the inventory at the end. Then we have the perpetual system. The perpetual system has the same first journal entry, but then we also include the next journal entry that the one dealing with merchandising accounts, which will be the merchandise inventory and cost of goods sold. So the cost represents them as of course, and the merchandise inventory has a debit balance. We would make it go down with a credit. Then the related cost of goods sold as an income statement account, it's an expense account and they would go up with a debit. So this is going to be the difference between the two. Why would we record them differently? Well, under a periodic system, we might want to simplify the process, meaning if we have a lot of sales in one time period and or we have a clerk that's running the sale and they need to concentrate on selling the items and or giving back change. We only want them to be concerned really with the sales price, which will be on the sticker price. It'll be known and we'll be able to say, Hey, here's the here's the price and we can record the sale very easily at that point in time. What we don't know from the sticker price is the cost. The cost isn't going to be on the stick when we go to the store. We don't know what the cost is. And therefore, if we don't really want to have to deal with that much complexity at the point of sale, if we have more of a manual system that we need to record the sale with. However, if we have a more sophisticated system like a scanner or something like that, then the scanner will know the cost and we won't even won't even have to think about it. It'll record it perpetually. Therefore, if we have a more sophisticated system, we can use the perpetual system. If we don't and we just want to concentrate on making the sale, we use a periodic we record this and then we'll show how we're going to record the second component all at one point in time at the end of the period at the end of the month or week as we do a physical count. Under perpetual system, of course, it would be a better system if we have the capability of doing this more information, this added work as we go through the process, often being done with software to make that process more simple. Then we can track the inventory going down and the related cost of goods sold as we go. This process showing us where we stand at any given point in time. This process really only giving us some information, not giving us a full picture of where we stand until we do the adjustment at the end of the month, week or whatever period we are working with. The periodic system would look then something like this. Here's the periodic system and journal entry where we just record the first half. We're going to say we made a sale and therefore we'd increase increase the accounts receivable. So accounts receivable here starts at 6000 and increased by 3,000 120 to an ending balance of 9,120. The second component would be the revenue or sales starting at zero. It's going up in the credit direction by 3,220 to the 3,220. So there's just recording this here that increases the net income. So the net income is increased by this amount. This isn't a loss. It's increasing in the credit direction. Now this is deceiving because of course it looks like our revenue is way higher than it is because we haven't recorded the cost here, which would bring it down. So this is not really correct until we do that adjustment and we will do it at the end of the time period. If we do the perpetual system on the other hand, we still have this first transaction. So we still have the increase in accounts receivable and the increase in sales. But now we have this new transaction, this new component cost of goods sold going from zero up to 2,400. And there's the cost of goods sold that increase or decreases the net income. So net income went up by the sales component, 3,120. And it goes down by the cost of goods sold the 2,400. The difference between the two is a net increase in net income of 720. Again, this is this is not a loss. The brackets mean it's a credit balance. The other side then the merchandise inventory is here. So it's taking the 23,000 down by that 2,400 to the 20,600, recording an accurate merchandise inventory as we go accurate as far as sales go, not accurate in terms of if there's any loss, if there's any theft, if there's any some type of inventory shrinkage. No matter which method we use, we still need to do a physical count at the end of the time period and we still need to know the cost of goods sold calculation. So at the end of the time period, we're going to do a physical count will count the inventory. In this case, we're saying the physical count is coming to 24,800. So we're saying now note, we were estimating this because in real life, of course, we would count the units and then convert it to dollar amount. We're just going to say that conversion is happening here. We'll talk about that at a later time. It can be somewhat complex if we have different or differing costs for the inventory that we're purchasing. So we're going to say the physical count is 24,800 cost of goods sold calculation then is the beginning inventory. We're going to it's 10,000. We would get this on the general ledger. This wouldn't be the start of our transactions. We see we started with 10,000 at the beginning of the period. Then we purchased the 19,000 and this again we could find in the general ledger the increases and that would give us the 29,000. Now note that this 29,000 is what we have in merchandise inventory under a periodic system. So when we do a periodic system, we have to do this cost of goods sold calculation in order to figure out the cost of goods sold and to adjust the merchandise inventory down because we've recorded here just what we had at the beginning plus purchases. What we have not recorded is the decrease, the decline that we have when we make the sale. So this would be the goods available for sale. This is what we could have sold during the time period. It's what how much inventory went into our into our business at any given time during the period during the week or the month that we are covering here and therefore it's the amount that we could have sold during that time period. What we will then do is do the physical count and say that we have 24,800 worth of inventory left given the count that we have. If we could have sold and we are 29,000 and we still have the 24,800 left at the end of the time period, our cost of goods sold is the difference, the 29,000 minus 24,800 giving us the 4,200. So this then is going to be the cost of goods sold and the ending inventory. So the ending inventory for a periodic system needs to be reduced from the 29,000 to the 24,800 with the 4,200 being the difference and the 4,200 needs to be recorded in the cost of goods sold. Recording this transaction we know the merchandise inventory is going to go down by that 4,200 and we know that the cost of goods sold is going to go up bringing net income down. So the journal entry would be a debit to cost of goods sold. Cost of goods sold is an expense account goes up generally only goes up in the debit direction. We would increase that then the merchandise inventory being the credit merchandise inventory is an asset account asset accounts having debit balances would then be going down in the credit direction. So if we post this out we're posting this item here we got the 29,000 debit we are decreasing it doing the opposite thing to it making it go down to the 24,800. Then we have the cost of goods sold 4,200 and that's going to go here we've got the zero it's going up by the 4,200 to 4,200. Note here also that we have a little bit more detail we're showing the units and the unit cost in the total. So we could still do the same calculation we did over here when we had the 24,000 ending inventory but if we're given units note that we can see this in terms of units to it for if they gave us 2,480 in units and if they we assume they all cost the same $10 amount then we can say the 22,000,480 times the 10 will give us the 24,800. Now it's sometimes they're not all going to cost the same amount and then we'll have a bit of a complex more complex problem but on a simplification method if they're all the same dollar amount we can count the units obviously multiply times the dollar and that would be our conversion method. If we see all of our accounts we're going to say we're in balance by the zeros down here we can see that net income now from this journal tree in the periodic system is going down we increased the cost of goods sold. So here's our income accounts the revenue and the expense and the contra revenue accounts and we brought it down at the end of the time period. So the 5,460 revenue we had been recording during the time period minus the 4,200 we had determined was the cost of goods sold through that time period gives us the net income of 1,260. So note we're way off here in terms of net income until we do this final adjustment and we have the proper balance then at that point. We'll get to the proper balance but it'll take some time if we're doing a perpetual system and there's no inventory shrinkage will be directly to that proper balance meaning if we were to see the same information in terms of perpetual system we would already be there if there was no inventory shrinkage or loss or theft or anything like that we have been under this system recording the reduction of inventory with each sale and thereby making the inventory correct as we go in a perpetual way and we've been recording the related cost of goods sold so we're still at the 1,260 without this calculation. So you might think well then we don't need this calculation but we still need to do the physical count because there could be loss and oftentimes there is we need to count the inventory to make sure that we haven't lost any inventory or if we have that we can then write down the inventory to the current physical count. So if we do this we're still going to do our calculation beginning inventory plus purchases gives us the cost of goods sold our cost of goods available for sale and then we're going to take that and compare it to the physical count the 24-8 and that'll give us the cost of goods sold. Now in this case we're going to say that there wasn't any loss we didn't have any inventory shrinkage we didn't have any theft and therefore we come out to the same number that we have had under a perpetual system but note that if there if there was loss we would need to do the physical count and we'd still want to see the cost of goods sold calculation in order to figure out what the loss is and then record that difference we'll talk about that at a later time how would we record it though we would basically reduce the merchandise inventory to the physical count that we made we're trusting our physical count more than the books and then we would record the other side to the cost of goods sold


Dear brothers and sisters, we have such a beautiful and fitting gospel for this conference, a gospel that emphasizes the Word of God, the power of the Word of God. But it also emphasizes the human soul, our own souls. There are different type of souls. Certain souls are closer to God. Certain souls are further from God. Certain souls have a spirit of receptivity. Certain souls have a spirit of receptivity that is so rooted that nothing else will distract them. Other souls have such a spirit of receptivity that still struggles with temptations, still struggles with surrounding attractions. There are so many idols. The first reading speaks about idols and how God is a jealous God, and he wants us to break the idols in our lives. And what would be the tragedy? The tragedy would be if you come into this conference, you receive inspiration, the spirit of God speaks into your heart, you are set aflame, you are ready to do God's will, and then you go back into the world and you are just seduced by the temptations and the attractions and the burdens and the worries of the worlds, and that seeds that was sown does not bear great fruits. But there's another calling. It's a radical calling. It's a radical calling that says, I want to live for Jesus. I want to live for eternity. I want to live for the kingdom of God. There is nothing more important that is nothing greater. Why? Because you, beloved soul, you, beloved soul, have a chance to enter eternity in heaven, experience eternal bliss. There is a room reserved for you. You have a chance because he shed his blood on the cross. You have a chance because he gave his life for you.  And for you, he endured it all. And what he is asking of you, dear soul, is return love with love. Respond to my love with your love. This is so important. It is also so important, as today's gospel emphasizes, to be rooted. Notice how the gospel says, the seed sown on rocky ground is the one who hears the words and receives it at once with joy, but he has no roots and lasts only for a time. It is important to be rooted, to be rooted. Every single one of us is rooted differently. Every single one of us has a different experience, a different past. But part of the rootedness is going back to the first love. How did you encounter Jesus the first time in the most deepest way? How did you encounter our lady the first time in the deepest way? How did that first love stir your soul? It was the experience whenever I have the opportunity, the privilege of giving a retreat for Dr. Han and the St. Paul Center. I usually share this story because it speaks about the importance of both rootedness but also the work of the St. Paul Center. I shared the experience of when I was in graduate school, I did a master's at Yale Divinity School. And I remember there was one class that was being taught that was called historical Jesus. So I was really looking forward to take this class. Naively, I was thinking to myself, this class is going to help me understand the historicity of the Bible, the historicity of the Gospels, how I can support the historicity of the life of Jesus. And little did I know that the enemy has invaded the Ivy Leagues. Little did I know that when you go to Harvard and Yale Divinity and I heard Duke II, although that's not an Ivy technically, little did I know that the scholarship and the teaching will often be so reductionistic, reductionistic, turning Jesus just into a man in that historical Jesus class, the professor who was a Catholic who attended Mass with us. She gave this whole presentation in class that Jesus's miracles probably were not real. And there was no explanation for it. There was no logical explanation why you believe this. It was simply an underlying rationalism that no longer believes in the supernatural. It was an underlying rationalism that no longer believes in the divinity and the supernatural truths of Christ and our sacred faith. And the questions that were being asked in that class were questions like, what language would Jesus have known? What languages would he have spoken? And I'm thinking to myself, here's the pre-existent eternal words. He created language. Every language we speak comes from him. He is the creator of all that is. What kind of ridiculous question are you going to ask me here in this Ivy League class? It's so interesting and sad. It's so sad. I remember one of the students in the class at one point mid-semester, she made a comment that I'll never forget. She said, I entered this class as a Christian. I don't really know what I am anymore. And that was tragic. That was absolutely tragic. But then the question also becomes for myself, for my own personal journey, how was I able to withstand the intellectual storm? How was I able to withstand the indoctrination? How was I able to withstand Satan's influence in a classroom where young people are literally losing their faith, the most important precious gift that a human being has? How was I able to withstand that? I was able to withstand that because I was rooted. My own rootedness came from a deep love for the mother of God and also a deep love for the Christian mystical tradition. I knew that we have a supernatural faith. I knew that we have a faith of miracles, so many miracles, so many healing miracles at Lord's, so many Eucharistic miracles, so many Marian apparitions. I knew that the conversions happen in places like Lord's, Fatima, Medjugorje, Quebejo. I knew that the mother of God has been appearing for centuries. I knew about stigmatics like Padre Pio, who have the gift of reading souls, who have supernatural knowledge and wisdom that is not human, but that is divine because it is such a charism of the Holy Spirit. I knew that the supernatural is real. I knew that the miraculous is real. The Catholic Church literally, literally has an office in the Roman Curia, the congregation for the causes of saints that medically and scientifically investigates miraculous healings. And there have been so many healings that have baffled scientists, including scientists and doctors who are not Catholic, but they need to acknowledge something happened here. So I knew about that because those realities, those realities, the realities of a Padre Pio, the realities of our Lady's apparitions, the realities of Eucharistic miracles and miraculous healings, those realities speak to us about the fact that Jesus Christ is alive and still acts today. He is alive and he acts on his supernatural power because those miracles, they are not able to happen because of any natural word, any natural cure, this is the divine power of God. This is real. Jesus is real. The miracles of the 21st century and the 20th century show us that the miracles of Christ in the first century Palestine are a burning reality, burning reality. He is real. He is divine. And knowing that, coming from that foundation, I knew the Bible is sacred. I knew the Bible is more than what a reductionistic Ivy League scholar will tell me. I knew that there's a 2,000 year tradition and of course extending before that in the Old Testament that speaks to miracles and prophecies and resurrecting the dead and this still transpires. But to be truly rooted, to be truly rooted, it's not only about knowing about the miracles and wonders in the history of the church, yes, the Lord gives us that. The Lord gives us that as signs and wonders that point to his authenticity, his palpable real presence. But to be truly rooted, dear brother and sister, you need to be someone who has fallen in love. You need to be someone who has either fallen in love with our beloved Jesus or fallen in love with our beloved Holy Mother, Mary. And you need to be able to be loyal to that love, to be faithful to that love. I had my conversion experience. I was a college student. I was far from the Lord. I was not leading a holy life. And I had my conversion experience when somebody gave me a book called Medjugorje, the Message by Wayne Weibull, a book that transformed my life. A book where I read about Our Lady's Apparitions, a book where I discovered that the supernatural is real. I remember a quote I'll never forget, Pope St. John Paul II, really, in a very personal way to me, spoke of my conversion, although he was speaking universally, when he said, Today's world has lost its sense of the supernatural. But many are searching for it. And they find it in Medjugorje through prayer, penance, and fasting. And that is such a bold statement that speaks to the power of a place where there are Our Lady's Apparitions, where the supernatural is real, where the miraculous happens. And for me, it was personal, because for me, I fell in love with a woman. I fell in love with the mother of God. I fell in love with Our Lady, who led me through her maternal, feminine, beautiful voice to the priestly vocation, who became my best friends, who became mother of sorrows during my times of suffering. Mother of sorrows, how beautiful the presentation by Kimberly, how beautiful that emphasis also on the mother of sorrows. We need to go to her in our sufferings. We need to meet her at the foot of the cross. We need to realize that at the foot of the cross, we can be with our mother and with our mother, we can contemplate the face of her crucified son. And as we are contemplating his face, our wounds meet his wounds. And when our wounds meet, that is the place of deepest vulnerability and intimacy. Bring your sufferings to the cross. Bring them and unite them with the wounds of Christ. Trust him. Love him. He died for you. He suffered for you. Our beloved mother suffered at the foot of the cross for you.  Jesus and Mary. That is all that I need. Jesus and Mary and the cross. St. Bernadette said, that is all that I need. That is where true joy comes from. True joy comes from that place because Calvary is the place of deepest intimacy. Calvary is the place where your life was saved. Calvary was the place where your life was saved through the ultimate act of love. Crucified love. Let us never forget what he did for us. Let us always honor him. Not only is he supernatural.  Not only is the word of God the sacred truth, but he is also intimately personally your beloveds.