 hopefully I'm back up sorry gang yeah it's back yeah sorry about that gang I don't know where we got cut off ah there's some stuff haha that was me I was asking about the piano oh was it you Sam? okay oops I lost the rest of the there was some other another chat post that was put up but I lost it I was trying to read it on the screen instead of the chat because I had to reload my page so my apologies about that losing the connection I'm not sure what's going on it is windy here so who knows maybe something is out if we lose our connection I'll try to come back again if there's by the way if there's any math math questions you have that you want to work on that supersedes anything else so if you have any questions don't wait for me to reply to finish what I'm saying just a troll must have gained superpowers maybe sometimes what happens if we get a wave gigantic wave of trolls coming in we lose the connection right so maybe that's what happened I'm not sure but if there's any math questions you have you know don't worry about cutting me off mid-sentence or anything like this or mid-thought just post your questions and we'll deal with that last time we sort of made a list here what we're going to do and we dealt with it right but as far as getting clients goes just out of curiosity do any of your students watch your videos streams I have one student I know that watches my streams and he's on Twitch and he's a huge gamer I usually don't tell my students that I'm doing these streams I don't tell my students that I'm doing these streams the only thing my students know about me regarding my online activity my students that I see in person actually my students that I work remotely as well the only thing they know about me what I do online is what I've put up on math and real life just the mathematics content and I haven't loaded anything on there just because I don't have the I need a serious upgrade to my system to be able to mirror some of the math content that we're doing on 420 math and math and real life so I haven't loaded anything on math and real life for like 2-3 years now but that's the only thing they know that I do except for one student that tracked me down and he's on Twitch and he does watch me on Twitch I've had that student for a long time a long time, great kid hey chichou, nice to finally make another one ah lord how are you doing welcome to another live stream again man I'd love to have a teacher with such a great online presence thanks man I just you know I love what I do I think it's easy for me it's relatively easy to do what I'm doing some of the stuff takes a fair bit of setup the content that I create takes a fair bit of back-end work especially the mathematics and stuff because I do want to create series of things so I try to plan out 10-20 videos out make sure it's linking back to the original content that I'm creating whatever it might be but I love what I do so I think it's easy to have this presence but as far as before we continue on anymore the way I acquire clients, right? so I moved from Vancouver to Victoria and I didn't have all the connections here so all I did was post put myself online math tutor available and usually what happens at the end of the school year last few months you end up getting you know people parents start going to freak out more because they see their kids failing and they try to find tutors and just like our current education system where there's a lot of bad teachers around there's a lot of bad schools around there's a lot of bad tutors around so they try their hands with different tutors and some of them find me, right? and as soon as I get one client and if they know other people that's all you need in general for me as soon as I'm able to get three clients in a city that I'm seeing locally from there the word of mouth goes out because at the end of the school year they're all in panic more they try to learn things, Peter Gonzales and I start working with them usually we see serious improvement those parents are back the next year and at the beginning of the following year I start getting more clients because word of mouth goes out so that's how I acquire my clients Hello Nicholas, how are you doing? Hey Chico, hey chat my question got cut off I know it's not math related but any suggestions would be very welcome any birthday gifts ideas from my granddad he isn't as active now but I also don't want to get him boring gifts like hats scarves or socks any help please hope this doesn't interrupt the stream nah, hello mask how are you doing? Nicholas what I did many years ago I didn't do it from my grandfather but I did it from my dad I took the time to help him out to find because he's really our family has always been into news and politics and stuff like this so I don't know if your granddad is on that level but I'm pretty sure your grandfather has certain hobbies certain things that he loves doing so many years ago I because my father was into politics economics and stuff like this I took the time to sit him down behind a computer and he had learned rudimentary stuff how to deal with the computer and I showed him different websites and different news channels and places where some people write articles like consortium news and stuff like this so I showed him all these different websites where he could acquire information and that was like 20 years ago 25 years ago or so let's say 20 years ago so I took the time and got him on that platform on those platforms and I check out on him every time okay every time I see him to see what he's doing and I introduce new sources of news information to him and that keeps him occupied and he's a news junkie now he has his web his computer on all time check stuff so that's one thing I did the other thing if your dad loves drinking liqueurs make him liqueurs make him your own just imagine if he likes little sips of alcohol just make jars of different liqueurs like color coated like just four or five different ones with fresh fruit organic cane sugar if he likes gin if he likes vodka those are the only two I've worked with you need clear basically I think anyway I do anyway just make a bunch of those and take it to him and say here you go granddad here's a bunch of delicious homemade liqueurs say Martin how are you doing good evening all or good morning chichou good morning for me and good evening to everyone else not a bad idea might go to the liqueur cheers chichou don't turn your grandfather into an alcoholic right but liqueur is anything homemade is amazing right like for me I don't buy presents to give to anyone really a long time ago I told people no more presents I don't want any presents I'm not going to buy you any presents for a while family kept on buying me presents on birthdays Christmas we give me presents I wouldn't give anything right and then that lasted for a few years and then they stopped getting me presents which was fantastic which is what I wanted right but I do when I make food when I make pastries and stuff like this or if I see a great deal in the store it's got this food that I like family likes I buy that like bread or pastries or nuts and whatever it might be do you know how to integrate x square times to x without looking it up x square integrate integration is the opposite of taking the derivative right so for polynomial if it's x to the power of n right the derivative is n times x to the power of n minus 1 so when you take the integral you do the reverse of that right so you know if for polynomials is fairly easy for the other types of functions you have to sort of put it into your memory bank or have a sheet that you're referencing stuff like this but I'm not really clever never clever never thanks for the question but I'm not really dealing with calculus right now my final module that I'll create many moons from now I don't know when I'll get to it that's my end goal maybe when if I live to be 80 or 90 years old we'll get to it then in my 70s or 60s right if I can kick this into complete full-time module focus on mathematics we'll get it done then okay Taylor expand integrate term by term then resume yeah it's just basically like this right so I don't know what the terms are called anymore Taylor expansion I know I thought about many moons ago right function f of x right is equal to x cubed plus x squared plus x plus number 2 right if you're going to take the derivative of this this comes down this comes down this comes down and that goes 0 right so the derivative of this is 3x squared plus 2x plus 1 and that turns out to 0 right the function for taking the derivative let's thicker darker black the integration of this is this this number comes down 3 comes down the power and this becomes 3 minus 1 plus 2 comes down this becomes 2 minus 1 plus 1 comes down this becomes x 1 minus 1 and that just turns into 0 and those turn into this right now if you're going to go the other way around if you're going to take the integral of this then what's the formula you got to divide by 3 and stuff like this you're just basically doing the reverse I don't want to do it right now because I'm pretty sure there's a little things I keep on forgetting about right sing it with me have you seen the lion king yes I have many many many many too many times sing it with me when I was a young war warthog you'll want to follow a procedure where you use integration by parts and always choose the polynomial term x squared as you try that beautiful bearded wonder gentle chaos came mask thank you very much mask of raven thank you very much for replying for the calculus stuff ah you didn't sing it back I'll sing it for you oh yeah thank you madam thank you for the bits by the way I don't know the lyrics I've seen it many many many times back in the 90s right this is a man dinosaur gyar gyar dinosaur gyar dinosaur gyar dinosaur god I can't pronounce your names I only remember the chorus sorry I don't remember the chorus when I was a young warthog da da da all I remember is that the lion king is traumatizing for children it really for little kids it's a traumatizing movie it's like I've seen little kids watching lion king and it's there when the father you know is killed falls down the canyon the cliff and you know I can't remember the little lion's name Pumba I don't know long the king I've seen kids watching it and they're like their eyes are like this big and they're oh yeah Simba and their mouths are open it's like really traumatizing that's what a lot of Walt Disney movies are Simba Simba I love watching it but Mofasas death broke me yeah devastating devastating right I don't know I personally you know I'm being general across the board right now but I would rather show kids children other animation than Walt Disney animations there's a lot of programming brainwashing a lot of imagery which is not suitable for very young kids in Walt Disney movies animation I personally wouldn't and that's one of the yeah more go there anyway but that's my take hey same journey mathematics what should we do for a mathematics game what do we got what do we got it's the end of the school year there's gotta be questions coming up I know some of my students are in panic mode some recent my old time students are not in panic mode they know what's going on what are you dropping actual red bills no we're not gonna go down the Disney route sorry big C I don't want to go there I don't want to go there really a long time ago man I wrote a long time ago I don't want to I think the root cause of our society's is education one of the root causes there's food as well corporate propaganda but education is one of the core issues with our current civilization and my contribution is just basically for this stuff is basically trying to teach mathematics and empowering people to be able to analyze data and question the system using using mathematics just straight out once you look at look at the world through the lens of mathematics and quantify the world and look at the data you can't help but get to the truth it's there is rhetoric and emotions and feelings that take people down the dark road if you just pause back and realize that your feelings really don't matter in the big scheme of things the truth matters and if you know mathematics you can usually get to the truth fairly rapidly last stream was 2am I was too tired will the current events stream always be that late no, no saint germany it won't always be that late sometimes I'll do current set up the current streams in the morning but I tell you what we're gonna do current events live stream most likely every week for next 3 weeks, 3 or 4 weeks there's a couple of things that need to be played out sort of sorted out what how the world's gonna roll out for next 5-10 years for myself I'm comfortable with what's happening not comfortable with it but that's where I think we're going so for next 2-3 weeks we're gonna do one every week we might continue it into the summer depending on what happens with the situation but if you send me a message germany, if you send me a message later in a few days when I'm setting up the streams for next week for example send me a reminder by Tuesday can you just say chichou, can you set up your current live streams in the mornings for my time and I will and definitely that'll be easier for people that are in Europe hello there, hello taco how are you doing hello Deutschland hey taco and raven mask hello taco regarding mathematics what should we do what should we do what are my students doing no for me I just want the dialogue to be open for people that want to participate because a lot of platforms are censoring people and telling people not to talk about certain issues I want to do the opposite I want to open up the platforms and people will talk about whatever they want trust me I realize what I'm the Pandora's box I'm opening and I do this with people I've sat down and had discussions with extreme left and extreme right in person where people are telling me I speak multiple languages a couple other languages, Armenian and Farsi I've had people tell me to speak English in their country just ridiculous people on the other side tell me that I should be punching Nazis in the face you guys are both idiots not so directly I try to engage them plant seeds for the future I'm doing great lasagna for me in belgium it's now 7.23 great timing you're up yes, now it's good timing for me as well you're up like mornings in chichuotai I applied a job at McDonald's and I'm waiting for a call or an email this Sunday nice nice I hope you get it I hope it's a good position if you're working under management, I hope the management is good I had a relative I don't agree with McDonald's as a business as what they're peddling for sure we're all the same time but I've had a relative work at McDonald's many years ago back in the 90's 80's and 90's and he praises McDonald's because McDonald had put him through school he got in at the lower ground and he worked his way up to managerial position and throughout that process McDonald's would give him time off and also pay him for his schooling and all said and done after a few years he became manager at McDonald's and at the same time he ended up getting his accounting degree and he became a full time accountant so on that front full respect for the management that allowed him to do that otherwise he wouldn't have been able to do that he was in the States schooling in the United States is insanely expensive yeah a lot of Europe is pretty much in the same time zone it may be it may be one or two hour change but nothing too much I want to be work my way from somewhere from the bottom or middle to the manager that's exactly what my relative did he's not there anymore full time so pretty high level up but he learned a lot of managerial skills a lot of bureaucracy involved with working for such a large company the management thing was very challenging for him and they paid for his school gave him time off on the promise that he would come back and work for them more than he did Madrid Belgium very cool and we got the States I'm not sure if we have any Canada we do have Canada as far as school goes just to give you an example of how horrendous the education system in Canada is especially in regards to mathematics I come across just going back to how I acquire clients there is one of the ways it's like a mini world computer it's like a mini world computer indeed a lot of the clients that I get initially they usually come to me from classes where a lot of kids are doing poorly and a few months ago I picked up a client that's in a class that more than half the class is failing right and he was at the time as well and we started working together passing barely I'm trying to teach him like five years or four years worth of mathematics in just a few months and he's able to absorb the information in but his friends were failing so now I'm starting to get clients from his clients that are his friends word of mouth going out they're seeing his marks go up and they're still down here failing and a lot of them are going to be doing summer school unfortunately for no reason very unfortunate unless leaving leaving them with a bad taste in their mouth regarding mathematics I'm a bar manager I use mathematics a lot of my job yeah a lot of the service industry it's hardcore mathematics just counting out at the end of the night when you're doing your numbers and stuff like this and on the fly you have to giving you the orders and stuff like this on the fly you have to figure out what the numbers are can you give us an example just on St. Martin's doing rotas locating hours to budget doing rotas what's a rotas R-O-T-A-S allocating hours to budgets so you're managerial martin that's good any manager will have to do a lot of mathematics and just by the way taco one thing you should do when you get the job at mcdonald when you get it you will get it hopefully fingers crossed if not there somewhere else or if anybody's working for any company always keep track of your hours have a spreadsheet going you should have been paid and whenever you get your paycheck transfer or whatever it is make sure that is the amount you were supposed to be paid time cars for stamps for sure shift rotations okay make sure whatever you're getting paid matches what you have in your spreadsheet for me it's happened in the past where they don't pay you enough sometimes they don't pay you enough you have to contact them and say hey you owe me money sometimes they pay you too much when they pay you too much if you think you're doing well yeah they paid me too much go spend it like mad that will come out in the long run and then they'll contact you and say oh you owe us like $2,000 because we paid you too much for a few months so keep track of my steady bookkeeping so it speaks for itself that I use a lot of math a whole lot of math for sure so I should keep track of work and to make sure how much I got money 100% make it a habit begin right now because that's what I've noticed a lot of people don't keep track of the money coming in the wages coming in what is supposed to be coming in and that goes double so for your expenses for your expenses you should keep track of it if you have any expenses that you can pass on to the company you're working for but always keep track of your hours when you're working for a company personally I don't do it myself because I'm working all the time on whatever it might be for my own business if I kept track of the hours I put into my things are probably getting paid like $1 an hour not really but for me it's life I don't expect to be paid for living my life doing what I love it's nice to be for sure but you can't get paid for every single minute that you work and averaging last year's budget to predict busy periods and years for sure I'm always counting always counting when you're running a business one thing you'll notice when you're running a business you have peak times low times can we look at how to budget living expenses on the board say based on the average annual income for sure we haven't seen the VOD what were the topics yesterday maybe Australian elections I heard Australian elections someone posted a thing about Austria one of the people got nailed the Austrian elections it's not over yet is it St.Germany as far as Nicholas let's do a simple budget if we want to do for example before we get into a budget here I'll show you one thing that I do for myself right when it comes to just tracking because I look at my analytics the videos that I put on youtube right and I'm starting to track some of the stats coming from what I'm doing on twitch as well right so for me right now I mentioned a while ago that I'm into decentralizing my work right now right so I'm putting doing a lot of live streams here on twitch and I've sort of reduced the number of videos I'm putting on youtube right I'm going to go back to creating a lot of videos on youtube but the reason I'm putting a little bit more effort on a little bit more time on the twitch is because I want to kick up the twitch subs because I do want to decentralize I don't want to rely on just youtube right so I'm putting work here I'm putting work in a few different places just to have multiple streams of revenue coming in right so if you're if you're trying to manage your budget, manage your finances one of the first things you need to do right now in our current economic system and this is going to be doubly so for the future as well right you can't just rely on one source of income or you shouldn't just rely on one source of income to become anti-fragile which is basically for you to be able to roll with the punches because there's a lot of shifts happening in the world right now I earn 30,000 pounds a year generally 30,000 pounds that comes up to like 45,000 Canadian approximately I believe if you do a direct if you do a conversion the thing you need to do is become something that learned term I learned from Nassim, Nicholas Talib's book right skin in the game anti-fragile means if things seriously shift you won't get hurt too badly so if you have only one source of income if things seriously shift and that source of income gets cut which is a trap that a lot of people fall into in our current world right now and the reason they fall into this is because they've been told that's the thing to do right go get a career somewhere and put your time in you start getting you know build up your stocks make sure you have your pension going stuff like this and contribute there and what not but a lot of people have been caught with this in the last 10, 15 years is all of a sudden certain companies are making they're going bankrupt they're being bought out there's mergers and acquisitions and they're losing their jobs right so for 20 years they've been working somewhere all of a sudden they need to transition into something else but for 20 years or 10 years I've been doing one thing if there's a company that wants you to be innovative they're not really going to be hiring anyone that's done the same thing for 20 years right and that source of income will get cut so what you need to do is for me anyway that's the way I'm approaching it have multiple sources of income which is the anti-fragile aspect of it now keeping that in mind keeping that in mind where you have multiple sources of income coming in if you're doing personal entrepreneur stuff only if you're a call entrepreneur but living your life what you're going to notice that things are in cycle it's seasonal so for example just if you look at ad revenue coming in from YouTube if we do revenue here and we put this over time 0 to 12 we've got 12 months this is January this is December so January, February March, April, May, June, July, August, September October, November, December so we're not going to call this 0, we're going to call this 1 we should call it 0 let's call it 0 just clicks back there right so during December right and October and stuff ad revenue on YouTube is more okay so basically this is sort of the chart you see when you're looking at what kind of ad revenue you're generating from YouTube where if this is whatever you're getting comes down during well it's not that steep let's check it out it's basically a wave so you sort of see this during August and stuff it's less and then kicks back up again going up to Christmas so this is the cycle that you sort of see this is the period 12 year cycle so if you're trying to roll out a new project, if you need the funds coming in right the time you should be doing that basically from February let's call this February September October November it kicks up so we call this November from November to February you're going to start getting more revenue coming in where you can do things right so wherever you're working when you're trying to budget you should also not just look at where you're spending money how much money is coming in and at what periods you have more funds coming in right this goes you can overlay this and in general what you want this to happen is you want the trend to be doing this right over time so this is money and this is time in years now years and this is going to be months right so we're scaling up or scaling down you can go this way to go by weeks right we did a video on this for personal finance we're looking at the different timeframes you have to keep in mind right so if you're doing a budget you got to keep this in mind when are you going to be rolling things out what year are you going to be rolling things out what are your expenses what else are you going to be kicking up right let me read this comment taco the boss lady said that we will be making 6 days a week and night shifts will pay extra as a bonus so my pay is 700 BAM BAM for 4 per 4 equals 175 minus 1 equals a weak pay bonus is unknown amount I should also ask how much a bonus is pays weak 175 I'm not sure what that is taco 700 BAM per 4 I'm assuming you're getting 700 dollars it's not dollars though BAM I don't know what BAM is 700 dollars per week equals 175 minus 1 day equals 7 days a week ok are you guys taco are you guys going to be paid per week in Canada usually paychecks come every 2 weeks so you get paid twice a month if you're working for a corporation no 700 BAM is Bosnian mark Bosnian mark ok so you're getting paid 700 BAM so let's do let's do tacos so I'm going to take this down so keep this in mind if you're if you're working and the bonuses and by the way taco what happens in this part of the world certain corporations during Christmas times they give you bonuses so you might be making straight up salary and then at Christmas time you get a little bonus for one time bonus and that's a little bit extra money coming in so let's say we have 700 BAM I don't know what the symbol for BAM is we'll call it BAM you can choose to be paid in weeks or months oh wow weeks or months 45p equals i 45p equals i doop equals 1 I'm not sure 75 minus 1 so you're getting bi-weekly 1 Bosnian mark 75p equals 1 Bosnian mark so let's say you have 700 BAM per week per week that's why you're getting 4 weeks per month 1 Bosnian mark 4 weeks per month so multiply this by 4 0028 28 BAM per month multiply this by 12 I'm assuming if you even get time off Christmas time you're still going to get paid for it right so if you multiply this by 12 times 10 all that's for this 006145 008200 006 3313 so you're getting paid 33600 BAM per year okay so let's throw that up 33 33600 33600 BAM per year BAM is monthly pay 175 is week pay BAM is monthly pay you'll be making good money then you need you need to raise to 700 not be good taco multiply that that's per month so we're going to multiply that by 12 right so if we multiply that by 12 2 times 7 is 14 and 10 times that is 7000 so it's going to be 8000 let's do it 0014000 7 8400 BAM per year so let's throw that on 8400 BAM how much is rent I'm starting to get your hopes up me too how much is rent taco in let's say a studio or one bedroom in Bosnia how much do you pay for rent so let's calculate our expenses here so this is what we're going to come in revenue here's our expenses oops, expenses right so revenue we got 8400 we got 8400 revenue coming in hopefully you're going to get a bonus at the end of the year hopefully or you're doing some time to have investments as well so what we have to figure out is rent food okay usually you do this per month anyway but this is we're going to put this in total year per year and then we're going to put 700 here per month and what you want to do is you want to do your expenses per month you don't want to go for year rent is for around 712 per month for two bedroom apartment okay so if it's 700 per month if you're making this per month then that's not enough to live in a two bedroom apartment for sure so if rent is 700 to 1200 per month so you can barely pay rent exactly but that's for a two bedroom so for example 71 pounds per week if my mouth is right if we're going to do weekly for me sometimes it depends sometimes you can do weekly budgets or bi-weekly budgets but I recommend doing monthly budgets personally if you're going to start doing budgets you don't want to go to micro budgeting yourself unless you're really on paper thin right also one bedroom apartment are rare to find right they're hard to find wow I live with my mom now but what about roommates yeah you can get roommates so let's say soon you're going to go to bedroom and let's pick the middle ground let's say it's going to cost you a thousand for two bedroom apartments you're going to be paying 500 for rent so if you're paying 500 per rent you only got 200 left right so 200 is not a lot in general this is what you know they tell you which as far as I'm concerned they pulled their numbers out of their behinds because I don't trust the people who pulled these numbers out right I don't know what their agendas are but in general they say this they say accommodations housing should be anywhere between a quarter to a third of your income food should be anywhere from a quarter to a third of your income so if you're paying half your salary to housing you're paying too much and 500 out of 700 is way more than the house right so if you go 500 divided by 700 kill the 7 so it's 5 over 7 5 divided by 7 let's use a calculator 5 divided by 7 what is that divided by 7 is 71% this means 71% of your income would be paid towards housing which is way too much way too much this thing that's talking about a quarter to a third is talking about 25% to 33% of your salary being paid for housing okay you gotta find more roommates you gotta find a partner and your roommate has to find a partner that way you may have 4 people living in a 2 bedroom apartment right and if you divide 1000 by 4 it means you're paying 250 BAM per month and that is brings you into this range so 4 people in a 2 bedroom apartment in your area of 700 BAM a month would be within the range you're looking for right so let's clean this up a little bit let me write this more clean since we're going down the rabbit hole with this so you're making 700 BAM per month we're making 8400 BAM per year okay housing we're going to say it's anywhere between 25% to 33% food is going to be anywhere between 25% to 30% 33% let's say let's make that 33% and by the way this 33% we've seen inflation in you see inflation in Canada has come up food in Canada was more towards the 20% mark 10 15 years ago 15-20 years ago so about 20% of your income would have gone towards food because of an inflation cost of food going up now we're paying close to 30% of our income for food so Canadians have taken a huge hit when it comes to buying groceries you have to buy a permanent apartment in the 80s and hope it didn't get bombed during the 90s unfortunately unfortunately or during for the eastern blocks I know this because I know people who've lived in the eastern block before the iron curtain came down the USSR basically one thing that happened during that period is there wasn't too much homelessness in the USSR from what I've been told and people had apartments and stuff like this so when the eastern block came down a lot of people cashed in on their apartments and they sold their apartments those people made a mistake because they didn't get too much money for it and the value of the money was too it didn't buy you too much so they blew that money the people who held on to their housing from that period are living okay now right so that's our division right now so anywhere between 50% 50% to 66% of your income goes towards just housing and food you also have to have sort of what do you call it buffer let's call it savings now savings what you want to do you want to put you know you need a buffer now that's on to you depending on where you live if you live somewhere where you don't have healthcare you need much more savings you live in a country that provides you healthcare you do with a little bit less every apartment near the wall got demolished because people used to jump and possibly break their legs jumping there taco I guess you're young I love this so let's clean this up a little bit more let's make this revenue per month okay so we started off and this is something that's going to happen if you're going to create a budget you lay some stuff down and then you're going to look at it and you're going to say okay I'm going to clean this up a little bit so we're talking about revenue per month so this is budget so we're going to give it a title budget per month monthly budget monthly and this is revenue revenue coming in and we're doing 700 man it might be suck 700 man coming in right as far as saving goes taco do you have I hope putting 10% on my salary for saving 10% so 10% I'm assuming Bosnia you guys have some kind of healthcare provider right I'm assuming because a lot of eastern block countries did or do now you also need entertainment really otherwise you go crazy okay now your entertainment could be very little budget wise a lot of time wise so your entertainment could be going for walks in the forest going to the beach getting together with friends and playing board games right so entertainment cost percent is fluctuates a lot comics maybe comics maybe expensive I know people that can't afford to buy comics they're way too expensive and I tell them man go on ebay you can buy lots of comics for very cheap because they're not they're not considered investor quality comics who cares we have basic healthcare for prescriptions and checkups and the employer may help okay awesome taco so 10% savings that's pretty good okay a lot of people here in my part of world they don't even put 1% towards savings I'm guilty on that as well but I've gone through serious transitions there's been periods in my life where I put 50% of my money towards savings because I know there's a period coming up where I need to take a lot of time off so savings if you have money savings what that does it buys you freedom one thing that's very important is if you're living on a budget don't go into debt because that brings on interest payments that you have to make and if you're making interest payments that's eating away on your core salary or your base salary so whatever you do try not to go into debt okay try not to go into debt okay so we have savings and we need entertainment okay now entertainment can be right this way you can actually read it let's call it fun fun not that you might not be having fun taking care of your house making food which is calling it fun but it's entertainment okay I hope to spend the remainder of my money not including savings for entertainment the remainder goes to entertainment okay so all except for the 10% here's something I recommend taco okay so if we do that little math on the side let's do a little math on the side here okay here let's take this down well let's leave that out for now let's do a little math on the side pick both extremes right so if housing is going to be 25% food is going to be 25% savings is going to be 10% that's 60% right there minimum this should be mandatory what you should be doing right how much is a big mac in Bosnia taco that's a great question Martin that'll give us an idea of what the cost of living in is in Bosnia for everyone so we're using a big mac 6-bam okay let's do a little calculation hold on let's do a little calculation 6-bam for a big mac 6-bam big mac big mac okay so 6 divided by 700 700-bam salary so this is your units right currency let's figure out what percent that is right so 6 divided by 700 we get 0.00 86 which is 0.86 percent of your monthly salary would be a big mac right now compare that to Canada and you can do it for whichever country you're in I have about a big mac in a gazillion years really is that the meal price oh good question is that just a big mac or is that come with fries and a coke that's the meal price so that's a full meal so it's not just a big mac it's a big mac meal right meal okay guys anyone that's gone to McDonald's tell me what the price of the big mac thing is in Europe it's 4 pounds 13 and what's I'm assuming 700-bam per month is on the low end talk because that's working in McDonald's what's a base salary compatible brexit that's so funny what's what's a base salary like a low end base salary in London or well London would be crazy expensive but in the UK would it would it not be better to ask what the average weekly shop would be for Taco's current household weekly shop you mean food wise one of the thing is Taco's living at home with his mom right now right so the odds are the parents are doing the weekly buy and a lot of people have noticed that move out of their house and for the first time anyway and they live by themselves they're not really cooking too much they're eating out a lot in Belgium a big mac many was like 6 euros or something so you all having great deals so 18,000 pounds is a yearly salary we're going to divide that by 12 so let's go 18 divided by 12 18 divided by 12 we get 1500 pounds remove the father my dad a year ago remove the father okay I'm sorry to hear that Taco 430 okay yeah grocery yeah I know it was the parent but thought we look it on the list right now I want to figure out what cost of living is to a certain degree using big mac meals as the standard right so fits 1500 in so this is Bosnia Bosnia okay and this is the UK oops UK UK you got 430 pounds divided by 1500 okay and what does that give us it's cheaper here relatively speaking right 4.3 divided by 1500 this is equal to 0.00 to 9 which is yeah which is 0.29 9% right so big macs are expensive in Bosnia big mac meal deals right relative to what they are in the UK so if I was living in Bosnia on low budget I would not be eating big macs I wouldn't be eating out anyway right so taco if you want to do a comparison of what it costs you to what it costs them to find a number EU big mac expensive as well how much is the EU big mac and what's the base salary in the EU but if you want to find out how much more expensive big macs are relative to UK just divide this by this right so if you go 0.86 divided by 0.29 right 0.86 divided by 0.29 right 0.86 divided by 0.29 right 0.86 divided by 0.29 you get almost three times more expensive all three so three times okay so you're paying three times so basically to get an idea three people in the UK could have big mac meals while one person could have it in right so three people could eat in the UK for the same price that you're paying in Bosnia very expensive very expensive okay so we got an idea of what the salary is what the big macs are now I'm pretty sure groceries in Bosnia are going to be cheaper than what groceries are in the UK the reason being is UK is an island or multiple islands and Bosnia is landlocked or land-based it's got a port as well I believe you're on the water so it's easier to get food products to Bosnia I'm not sure why big mac is so expensive relatively speaking anyway right I would say don't eat out if you're living a major salary first of all you're going to eat a lot healthier cook at home eat fruits vegetables greens get yourself nice organic eggs or eggs not too much meat but enough to give you your protein lots of beans and nuts and stuff like this right eat at home cook at home it's a hobby it's entertainment and whatever it might be right Bosnia's potatoes cost one bag for one kilogram one bag for one kilogram I can do a potato cost for you well we did it for a big mac that's okay in Canada potatoes are pretty cheap as well okay stay hydrated drink water so let's do our calculation here right so if we go on the low end scale right 50% is going to be housing plus 10% so that's 60% on the low end to the absolute must which is housing food and savings on the extreme end 66% plus 10% we're keeping this 10% we're going to say 10% 10% goes to savings no matter what okay stick to that if you can I cook at home most of the time and there are cheap restaurants that give you a big meal for four but I'm awesome if anyone ever eat a big mac go to McDonald's it's crazy in Belgium potatoes are very cheap we use it literally every day in different ways mashed, fried, cooked potatoes are phenomenal lots of minerals and stuff root vegetables are really good for you so you know what let's do this let's change this up so we've got a low end 5% let's say 5 to 10% goes to savings okay 5% oops not 5% this is going to be 55% and that's going to be 73% alright so if you're only calculating fun then over here for your fun you could go 45% for your fun or 30% 27% for fun okay if you like you said if you're planning on spending everything else on fun and if you're young that's okay to do really if you're just coming out living by yourself for the first time and you got a roommate and what not it's okay for a few years to spend everything you're bringing in as long as you're putting some money into savings for fun I don't recommend doing this forever right so this is must for you that's your base 55% to 73% of your salary has to go to must what you got to spend now apples is also cheap enough apples fantastic now if you're doing fun 45% to 27% so that's what we got right now now keep this in mind there's absolutely no way you can spend $500 on rent if you're making $700 per month okay you can't so let's figure out what the maximum rent has to be for you to be living somewhere oh I have no friends one of them died of a blood cock oh man when he was sleeping the other ghosted me while they were going through depression oh that's unfortunate taco but friends will come new friends will come I have friends that I had when I was very young there's a wasp there would be I don't know what that was so I have friends you know a handful of friends that I had from very young and I've made phenomenal friends along the way as I got older and older and older right those friends that I've had maybe like I got introduced to like 5 years ago and have very close friends on the same level that I've had for like 30 years works, colleagues can become easily your friends they can be for sure for sure not all of them be selective slowly allow people to come into your life and see who you want to introduce into your life more and more based on what we have let's figure out what rent and food are going to be right what you can spend on rent and food so here's rent and here's food okay so if we do 55% of 700 let's bring out a calculator yeah I just need to meet co-workers and become friends and people on the street and hobbies you can join board people who play board games there's lots of activities that cities offer you right you can join you know going out for a walk in the forest with a group or a running group or a bike riding group or whatever it might be let's figure out what 25% of this is so 700 times 0.25 you get 175 to 33 700 times 0.33 to 231 that's it recommended what are you doing how's your life we're doing a budget for taco what's up chichurro doing good ginger doing good doing my taxes I wouldn't call this taxes oh by the way we're not even calculating taxes but if you do it right you shouldn't really have to pay too much taxes and the odds are where you're working also takes money off taxes so the fun aspect taxes included in this so this is your salary based on what the recommendation is anywhere between a quarter to a third goes to rent and the same deal would be here food 31 bath fun if you're going by the percentages we have 0.45 times 700 is 315 or 0.25 times 700 189 okay so let's do the calculation right now and then we're going to expand it I still don't understand how you survive on that it's very slim I think one of the things taco was mentioning that he's going to get the job he's going to create some savings and then he's going to move out and we talked about this before I put out a little video it's not enough to save you must also invest which is something that we're going to expand on here so check this out let's do a total here whenever you're doing a budget always do running totals that way you know you haven't made any miscalculations right so we're going to add all this up it should add up to 700 we're going to add all that up it should add up to 700 my monthly wage in Bosnia mark is 5000 wow that's good but remember living in the UK is way more expensive you're rich in Bosnia standards like for example taco, how much is a beer in Bosnia and Martin, how much is a beer in the UK when I was in Ireland or Europe beer was ridiculously expensive compared to Canadian dollars so different things cost different I'm going to add all these up so 175 it's just 350 plus hey we're missing something oh we forgot about the savings look at this we forgot about the savings we're going to add savings in here savings savings is going to be 5% of 700 3 pounds is beer which is 450 which is the same price as we pay less than what we pay so not bad how much is a beer in Bosnia taco 0.05 times 700 it's 35 and 10% is going to be 70 so let's do a total here which is true cheapest beer is 1 to like 3 very cheap and I don't go drinking that often per pint is roughly 5 pounds oh a pint is 5 pounds so it's more expensive in the UK than it is in Canada here you can get beers for around a pint you can get specials you can go there and it's like $4 Canadian or $6 Canadian in general anywhere between 5 plus or minus a dollar per pint ok so now we can add all this up so 350 plus 5 plus 35 700 and all of these should add up to 700 times 2 plus 189 plus 70 hey we're above that what happened 231 plus 231 plus 189 plus 70 121 so I punched something wrong in here it could be the round up error .33 times 700 that's correct .27 times 700 that is correct all of those should add up to so 66 plus 10 oh that's why that's a wrong number that's 66 I did 63 my mistake so that's 66 plus 10 is 76 so this guy should be 24 so this guy is .24 times 700 700 times .24 is 18 168 168 that's why you should always do a running total let me erase this too make it clear so you see that's 24% 24% right yeah clubs are crazy goes high as 450 clubs is yeah clubs man I've done the club scene it's too expensive but I live in cheap area not London it varies where you live but it's real expensive in London Wolverton near Birmingham okay I don't live in the UK but I visited London last year yeah the centers are really expensive I'm just gonna add those guys up make sure where plus 168 plus 700 okay so this matches with what we're making that's our core budget right now that's our core budget so you're gonna take 35 BAM minimum put in your savings or 70 BAM minimum put in your savings depending on what you know what you're deciding on if you're doing that then your entertainment is much less right reduce the fund percentage yeah reduce the fund percentage so this is how you get started with your budget then you have to think about your stuff that you can do this for a year if you want find a cheap place 25% get your roommates remember 175 BAM is not very much so you need at least one roommate to get a place that is 350 BAM for two bedrooms so I'm pretty sure you could find a one bedroom for 350 BAM oh no you said it was a thousand 700 yeah if you find a low end apartment one bedroom for 700 BAM and divide that by two that's 350 BAM that's still even more than that you gotta find a cheap place to live or roommates not even one I like one to two bedroom reduce the fund percentage for sure so if you reduce the fund percentage you're kicking up you could either put it into housing, food, savings or investing and that's what I would recommend so I would say kick down the fund percentage let's take this it is a monthly budget stuff take your fund I'm just making more room take your one factor break this up keep the fund what reduce it and make this invest okay so fun factor let's kick it down by 50% corruption is a bitch we're gonna let this allow this auto mod doesn't lack certain words corruption is a bitch 100% so we're gonna kick this down these by two just so we make fun equal to investing because investing could be fun right so if we kick this down by two let's just say we're gonna make 20 fun 23% and we're gonna make investing 20 2% that's about the same and this one's gonna be 12% to 12% okay so what we're gonna do now is change these numbers so we're expanding our budget the category that we have this has been fun guys but got to go hope you enjoy Scotland hope you're enjoying Scotland heading out to eat enjoy just don't go to big max Nicholas no McDonald's you too Nicholas you too have fun map is brilliant dude the only reason the only reason you would say that is because you really don't appreciate how powerful it is if you don't appreciate how powerful something is there's two natural instincts that people have you fear it and you think it's crap don't get caught in that trap how much percent of income should the average Joe invest it depends on the income if you're baking here's the thing with our current society right here's the thing with our current society everybody needs a certain amount of money to pay for housing to pay for food medical bills or whatever we all need to do that so let's take a hypothetical situation let's assume everybody needs to put just in my area let's say any area let's say you got a thousand this could be a thousand dollars or a thousand that let's assume this is what you need for housing the food we're not including entertainment anything else now if you're making person A is making let's say thousand dollars they got no money left over for anything else person B if they're making five hundred dollars they got five hundred dollars they could spend for savings or fun or what not person C is making two thousand dollars they got a thousand dollars they can do person D is making twenty thousand right so your question comes in how much percent of income should the average person person Joe invest this is where inequality comes into play here these three people are barely living barely have any funds to invest really this person has all the money they can invest in the world if their base is one thousand we're gonna assume obviously if you're making a ton of money your base is gonna go up too because you become extravagant some do anyway if this person starts investing even ten thousand half of what they're making if they invest half of what they're making they're still making ten thousand they can have fun with and party with pay these people with they can have employees and this situation is exactly what's happened in the western world right a class of society that has gotten free money through QE and what not through governments taking taxpayer money and handing it over to Wall Street so they don't have to worry about the base all they have to worry about is where they're gonna put their money to get more money and what once that happens you start getting what we talked about which is called differential accumulation they're making way more than the averages so in the limit they own everything there is a serious flaw in our current economic political system once you start looking at the numbers it really pops out yet pops out at you don't mind losing to a certain degree math is language of science i think like 13 to 17 percent it's fine is that for investing what if i want to sell the open street like 1 kilo well you don't want to do that because you might get burned you don't want to you do have to know mathematics if you're on the streets doing your thing you need to know mathematics if you don't know mathematics you're running at best if you have some amount of money you will only get more you can buy a house in a year sure but houses have expenses so let's assume he doesn't have to be a roommate by the way i'm not saying that these people are roommates i'm saying that these people this is how much they make this person doesn't need to be living in an apartment on this level they could live in a much better house so for example they could take 5000 and rent a house right they still have another 5000 to put for food, savings and fun right so i'm a college kid living at home with a part time job but i only pay about 150 a month i have around 4 grand saved up should i start investing you should definitely start investing ginger definitely start investing prison might affect your income martin says most definitely you will gooch how are you doing so keep this in mind what we're talking about is what every day we have to think about but our current political economic system is geared towards allowing money to be get money and keep this in mind because that's where investing comes into play so so we got savings we're gonna change the savings numbers we're gonna say investing we're putting in investing here if we're gonna change this in investing this is gonna be 35 and 35 divided by 2 is gonna be blah blah blah 35 divided by 2 is 17 right 17 18 so we're gonna make this 17 and we're gonna make this 18 and this is gonna be 35 okay the total of this should be 700 we're gonna do another running total you always do running totals always okay investing stock, gold and real estate or collectibles okay you should get a driver's license if you don't have one sure driver's license works but you don't necessarily need a driver's license okay bitcoin you could start trading it right but if you're doing cryptocurrencies for the long term that would go under savings if you're actively trading that would go under investing right or gambling so we got 350 oops 350 plus plus 18 plus 17 so that's 700 alright and 235 plus sorry 231 plus 231 plus 168 plus 35 that's 700 okay I have a license but no car I was saving for one if you get a car you have expenses but you can also use the car to make extra money as well to do deliveries and stuff like this so keep in mind a car and if you go to a financial advisor you tell them oh I have three cars those are assets those are liabilities a car is not considered to be an asset it's a collectible car right something that over the over time will increase in value and that sort of goes in the category of collectibles okay that's what you're going to be investing money in search for used cars and make yourself a Uber driver yeah there's a lot of people are not making too much money on Uber right now I live in LA LA Los Angeles what a trippy city insurance is like extortion for young people they charge too much, agreed 100% game at home hello you could also work as a bum you could you could go sit on the sidewalk and beg for money if that is your thing so take a look at this basically money thrown away gone so this is bye bye right over here this money begets money brings money back okay my sword is out nice thanks Martin the lottery is four man's tax yes 100% four is man's tax this money is gone right so let's count this up this ended up being anywhere between 55% to 66% of your income is gone right so let's figure out here let me change this up because I want to show you how how important it is to invest so this over here means that 55% if you add all those up well it came out to whatever it was here we'll do it again 350 plus is 665 to 231 plus 168 is 630 hey how come it came out to 630 oh yeah because that's that thing so this money here you're using every month gone from that right if you subtract that you end up getting subtract this from this you end up getting 35 to what we talked about 70 BAM per month to either put into savings or investing now let's assume you put that into savings right now savings right now is not going to give you too much money well it depends where you are actually in Canada where should I start investing we'll talk about that okay let's cover the savings bit first beggars and Bosnia make more money than a good paying job from tourists and people who have low street smart yeah and that's in Canada as well there are people who do hustle on the streets and they can make anywhere between on a good day enough talk with them anywhere between 100 to 200 plus cash per day one of the places that people hustle a lot to make cash money is they go to the beach one of the new beaches in Vancouver or the only new beach in Vancouver and people drink there so they go up and down the beach and they collect bottles and cans not bottles bottles are too expensive too heavy to trek up the stairs and stuff like this so a lot of people drink cans because they're lighter to carry so they hustle and they grab all the cans and at the end of the day they got like bags full of cans and they take it to the bottle depot and they deposit that and they get cash back so if you hustle you can make good money I don't recommend as a lifestyle but it is what it is sometimes that doesn't affect your monthly bills it doesn't I only help the extreme beggars I personally don't I used to but I don't give any more money to if you want to call them beggars but people on the streets working in the streets for multiple reasons not true sometimes I try not to so depending on where you are if you put money in a savings account in Canada you get nothing like it's 1% best you could do is like 2% it's nothing but we can calculate that if you put your money in a savings account in Iran I know this because I know people who do this they can give you almost 20% return the reason they do that is because the currency the value of the money is dropping they're buying power is dropping there's inflation so just because you live in a country 5% into your savings doesn't mean you're buying power more you're going to be making a lot more money it means the odds are the buying power the currency is decreasing okay Bosnia has no bottle depots and there is a littering problem people could make a depot to have less littering oh wow there's no recycling I saw a guy buy cigarettes that was the end of that that's one of the reasons for sure more than others so savings gives you nothing but let's assume by the way I'm not sure if you would know this what's your savings what's the % you get back from savings if you put your money in a savings account in Bosnia I don't know how much it would be depending on what the Bosnian currency is doing the economy is doing but for argument's sake let's say it's 5% so let's assume the savings gives you back 5% if that's not correct not in the right ballpark let me know let's assume this is 5% let's do a little eraser here 5% 5% goes into savings we don't have a savings account it's just money in the bank oh so you get zero well that sort of sucks so be right back my dog needs to go potty I won't ask you questions until you come back so that's not going to work with taco they get no money so we're going to go with Canada you get 2% in Canada let's assume you're going to get something back for savings okay 2% so if you get 2% back that means you're going to get at the end of the month 1.209% is that what it is in Europe right now by the way if you take inflation into account you're losing money 2% inflation per year that's what centralized banks shoot for if you don't get money you're losing 2% you just multiply this at the end of the month this 18 BAM that you have is really 18 x 0.98 is really wait what happened 18 x 0.98 is really 17.64 BAM oh and Bosnia is 1.2 okay let's use 1.2 thanks Martin or is that the inflation anyway let's stick with 2% why not let's make it simple assuming that interest rates might go up what's the GDP in Bosnia I don't know a little search should pop it up so 18 x 1.02 at the end of the month if you do your savings you're going to have 18.36 BAM and 35 x 0.02 you're going to have 35.7 BAM okay now what happens just google it okay now if that's the case then next month after your first month beginning of your second month that you're putting money into the bank you no longer have 700 BAM to work with you have 700 on the low end if investing let's just assume we're not considering investing you have 700 point well we're going to double that because that's what would have gone in there you got 700.70 BAM to work with per capita that's 180 per capita and on this end you have 701.4 BAM to work with now if you're investing that is dependent on where you're investing money right are you going to put in a stock market are you going to buy real estate where if you're buying real estate you still have to because you have to pay interest you're hoping the real estate value is going to go up are you going to buy collectibles such as comic books, art, whatever it might be are you going to buy products online right and flip them and sell them for more right are you going to buy lots of things lots meaning package, buy it break it up and sell it in parts because there's a lot of different ways you can do it okay but for now let's assume that you're going to buy something you're going to be flipping things on the short term and we're going to assume you know what it is you're doing we're running out of helium we're running out of helium are we we might be so let's assume you know what you're doing you're flipping things on a monthly basis and your return on your investment is going to be anywhere between 20 to 50% now keep in mind for you to do investing you also have to put time in so whatever you're investing in if you're going to be flipping things if it's not a passive investment where you're just taking money and putting in the stock market and just forgetting about it right you could do that that savings is not part of investing okay investing I would consider taking a hobby that you're doing something that you're interested in and working with your money to be get more money do you think collectibles are smart bet? it depends on the collectibles and they're smart bet that's where I put my money here comic books I bought this guy for $4 Canadian $4 or $5 Canadian right and this one we did a comic book I forgot how much I paid for this one like $2 or something like this I could probably sell this guy for like 20 okay and this one little bit more maybe 10% more 20% more or whatever it is underdog nice right so depending on what you're buying and your knowledge of your collectible you could this percent that you're making could be negative it could be negative as well you make bad decisions I bought stuff that has gone down in value for sure but I bought stuff that has gone up in value huge as far as comic books goes I sold comic books which I would have bought for $2 and a few months later back in the day for like $50 $60 that's huge return but I would have bought some other stuff which was fluff as well that has gone down in value so it takes a little bit of knowledge and getting used to but collectibles is art as well and one of the places that I've seen a lot of increase in value are collectibles Canadian art on average over the last 20 years has gone up 25% per year right 25% per year never thought about investing in a hobby I enjoy my pleasure ginger 100% that's one recommendation I would give to anyone if you want to invest and if you have the time and if you have a hobby something you take pleasure in and why in the world would you give your excess money to Wall Street to manage when you can take your excess money have fun with it and turn it into an investment right by the way Chucho you have a beer you heard the news from Austria yeah I forget who posted it on Discord is that the guy who got caught on tape talking to someone from Russia that he was willing to do favors pass laws and government or something or bring bills about is that that you posted that Dante yeah that's it where he would be willing to sell his services to a Russian investor right but this person the tape came out for a Russian investor right a Russian oligarch now I'm pretty sure the scumbag would be willing to do that for any oligarch from any country offering to buy the most popular newspaper and pushes party cool cool I have a first print of Death of Superman yeah the Death of Superman in the black bag Martin that thing when it came out here let me tell you a story about Death of Superman that thing when it came out I was buying you know I'm buying comics for a long time right and I was buying at the time I was going to university I was also working to co-op so I was making money four months out of the year going to school for four months and I realized that just salary I got into investing a long time ago right because I realized just working on salary is a losers game right you have to get your money to get money right so at the time this Death of Superman was um you could see it coming right like I have the first appearance of doomsday the comic books and stuff like this yeah opened up to whoops the value stopped very much right the gun was broken up and they announced the elections yeah yeah that's the one that's good that's good Dante fantastic right I wish I wish what was happening in Austria where it comes out that politicians are cropped to the core as soon as they get caught they should call elections right off the bat in every country right UK should have it US should have it Canada should have it elections right away no unopened ah unopened now check this out about the death of Superman at the time I was actively buying comics from three different comic stores one of them had my poll list and the other two I would go visit and I would sometimes place orders for the death of Superman I got the poly bag one right I ordered 10 copies from the comic book store that had my poll list I ordered 10 copies from the other three the other two comic book stores to right so the comic book store that I was pulling they gave me my 10 copies one of the other comic books that I ordered 10 they gave me my 10 copies another comic bookstore I have a whole series nice the other comic bookstore told me that oh they didn't get their order they lied right and I was like what are you talking about of course you guys got your comics they said oh we're sorry we sold it to other people blah blah blah when the death of Superman first came out it hit the mainstream news I think the price on it was like $2 or $2.25 or something like this or $2.50 right the same they were selling for $100 on the streets in Toronto okay so this third comic bookstore took the 10 copies that they promised me that I had ordered right that I went to pick up they sold it for a lot more than what they were selling me I was going to pay for them because I was paying cover price for them plus a little discount I got right so that comic store was a scam there's a lot of comic stores like this this is less so now a lot more in the 90s right less so now because of the internet right so the 20 comic books that I got the death of Superman I was also going to trade shows I was in university I was also going to trade shows and selling comics so I sold out of the 20 that I got and then later on they told me oh we'll get your comics like after it died down they gave me the 10 like three weeks later right because they couldn't have them anymore so I said you know what I'll just grab five or whatever it was out of all the back comic death of Superman comics I had I think I have like four of them left the rest of them I sold anywhere between $20 to $30 right so just think about that I paid let's say $2 for them and I sold them or $250 for them I think they were $250 $20 to $50 right within a couple of months within a month really I was doing comic book shows and stuff like this so that's a thousand you know if you call it 25 that's a thousand to 2,000% return investing huge huge comic book shop treachery there was a lot of comic book stores that are bad right bad people just like any place like the art the art industry Wall Street and stuff like this there's a lot of places that scan people right when my grandpa passed away she handed down some paintings she owned worth $20 to $30 so I'm pretty lucky gonna wait till they're worth a little more for sure ginger I would look into it as well look into you could chart the price of those paintings and if they got a nice stable rise hold on to them right if they're showing a boop pop maybe for them who knows right as far as investing goes let's assume you're a smart investor you can make instead of 2% 20% now remember talking sometimes you can make a lot more let's assume 20% if you do 20% let's go 0.2 17 times 1.2 you get 20 20.4 2 35 times 1.2 42 42 BAM now this is the point we're gonna focus on right if you're making 700 BAM per month in your first month you made 700 BAM oh by the way this 2% is per year I did it per month my apologies it's actually less than this but let's assume you're gonna get 2% per month actually it won't be 2% per month my bad let's change this up let's change this up there's no way you would get 2% per month not in my part of the world anyway if you're investing you could get 20% per month easy if you're smart about it but you know what let's change this up too we're talking years but we're gonna change this up my apologies I go on tangents and I lose track of things right let's assume you're getting 0.5% which makes it 6% per annum not doing compounding or what not so 0.5 so it's gonna be 18 times 1.005 this is gonna be 18.09 and that's gonna be 35 times 0.1005 that's gonna be 35.175 let's assume this is gonna be you can get 24% per year so it's 2% 2% per month and again keep in mind you can get more than that 2% per month so 17 times 1.02 is 17.34 35 times 1.02 is 35.7 per month now at the beginning of the first month you have 700 bam let me put this down 700 bam at the beginning of next month hey what's your opinion on automation do you think the labor force is in the imminent trouble ya ginger I put out videos if you do chicho automation just do my name chicho and then automation any search engine right or the other one if you do a search on that you'll see a video that I put out regarding automation and we've talked about automation before but and if you look at that video that belongs in a playlist called personal finance I have a whole bunch of videos on personal finance and we talk about automation and what not automation huge deal people really don't appreciate how big this is okay so at the beginning of your first month you got 700 bam to work with next month you're still going to get 700 bam however you invest it so you're going to get 700 bam plus this and this which is going to be 0.0 oops not 0.0 0.4 3 this one which is going to be 700 and 0.875 bam so all of a sudden you've given yourself a raise it's not much it's not much but it's a raise right if you want to figure out what the raise is this minus that divided by 700 so you're going to go 0.875 on the extreme side let's do that one divided by 700 you just gave yourself a 0.125% raise right 0.125% raise from your previous month right now if you're smart about it you're investing more a fair bit of your salary into something that's giving you 2% per month okay which you can do 2% per month 1% per month doesn't make a difference then what's happening is you're automatically increasing your salary so if you're working let's say with 20 people everyone's getting 700 bam and no one's investing and you are at the beginning of next month you're making or end of next month you're making more money than the other people now consider this the example I gave you with person A B C and D if person D is making 20,000 and you're making 1,000 if person B is making 20,000 and they're taking a fair bit of their money and putting into investing and they're getting 1% 0.5% 2% or more per month then all of a sudden their salary just their interest that they're making on money that they're investing surpasses your wages right and that's what's creating the divide right huge huge huge investing should be in everybody's budget right ISA account very good for making good interest awesome and you can just get straight up places where you can put your money in which gives you it locks your money in in general if you're locking your money in if you want higher percent you're going to lock your money in that means you can't take your money out it's not accessible you lock it in for minimum a year five years whatever it is you show your plan looks really good investing in hobby and art do you have a plan for an artist too you know art related people mostly fail on planning and having lack of living yeah one of the reasons a lot of artists struggle with life with keeping their expenses managing their budget is because they forget that there's a whole economic system foundation to our societies right now so they forget that it's not enough to be passionate about something to put a lot of time and energy towards something they forget that they also have to make a certain amount of money to be able to pay their bills and also take some of that money and invest in their art right so they're idealist they're living in a dream world which is a beautiful world really beautiful world until the weight of the world comes down on them where they have major unfortunate expenses that might pop up and they find themselves you know leaving their art behind homeless couchsurfing asking people for to borrow money and what not I'm guilty of that as well right you know not having my feet planted on the ground where I forget about I mismanage my finances because I see something that brilliant that I think I'm totally passionate about and I blow my budget but I've learned over the years to be a little bit better at that right and that's because of mathematics okay exercise caution in your business affairs for the world is full of trickery 100% max irraman I can't pronounce that name 2.3% but yeah it's fixed and no quick access and 2.3% that's breaking even relative to inflation right and that requires a very minimal time and energy on martin's part where he's locked something at 2.3% 2.3% is still not bad relative to certain places in the world certain places in the world 2.3% is not very good okay there are places where you can lock your money and invest you can get better returns but it requires a little bit of time and energy put in to learn those systems okay and it requires flipping requires flipping there's very few places right now where you can park your money there are for example on wall street there are stocks that give you yield of 5% and they're stable they don't care about the fluctuation in the stock price very much right then you could buy those stocks that give you 3, 4, 5, 6, 7 I've seen stocks that give you constant dividend yield return of 6% right and their stock prices are fairly stable I was like that when I was young but a man he meant his ways after he has made many mistakes 100% more me too I've made a lot of mistakes in my life that's why I pay attention to this now investment mistakes and whatnot and I made a lot of phenomenal choices in my investment decisions I want this 5% I want this oh yeah almost for I forgot to tell you I was at the movies the other day when Darren he was super cool and I got a picture with him awesome, awesome that's the guitarist system was my favorite they put out some amazing stuff amazing stuff anyway this was good to do I really like this fun to do we hadn't done anything serious budget like this we've talked about it before in math videos and ASMR math and making a budget but we didn't really break it down at this level making a point fun things to do play around and if you're smart about it you have to be patient really be patient and have fun with it if your only purpose is to make money then be careful be careful maybe we can see a plan for artists too in the future from you a plan for an independent comic artist who is having a lock of for sure we can do barbarian I'd be happy to actually just suggestions and stuff for me I can tell you straight up if I was a comic book artist right now if I was doing the publishing that I did back in the 90s I would create a website do crowdfunding share a page at a time or a couple of pages at a time or a page a day just to get interest and create a Patreon account and create an Instagram account and create all these different accounts and different social platforms and put that out there and I would make videos on what do you call it showing how I do my drawings and read out my stuff so I would engage I would share as much info as I could with my audience Ginger my mate lives in L.A. Burbank I think that's sick yeah I've seen a lot of celebrities yeah L.A. I used to go to L.A. a lot I've been many times I don't know many times 18 years now but for about 20 years of my life I went there 2-3 times a year for at least like 10 years would go so I've been there like ridiculous ridiculous amount of time one of the things I did many moons ago when was it what year was it I can't remember what year it was it was mid 90s late 90s or late 80s it was late 80s I went to a function an Armenian function like a sporting event or something in L.A we stayed in a hotel across from the Chinese man theater I forget what hotel it was called Marriott or something like this and there was a function we had like a gala event like further away so we took the bus there and it went through over there doing this gala event and I was like I don't want to be here we had the dinner and stuff like this and people were partying I said I want to go check out L.A so I put on my little top hat I had a little hat and scarf I was dressed up in a suit I grabbed a bottle of alcohol from the bar there and I put in a bag and I just walked and I got to Hollywood Boulevard as the hotel was and I wanted to walk Hollywood Boulevard so at night time I don't know what time it was with my bottle I just walked down Hollywood Boulevard until I got to Manning the Chinese theater it was super fun In and Out Burger isn't where my funds go In and Out Burger has some good burgers last time I ate one of those in the 90s that's a good burger I met Jean Claude once Jean Claude yeah I've seen some one time I sat just on comic book related at the Vancouver Film Festival we were watching I went to the movie called Sunday Bloody Sunday it's an Irish sort of a documentary movie about what transpired when the UK occupying forces killed a lot of civilians in Belfast so it was a documentary on that and I sat down in my chair and right beside me was Wolverine and he's tall, I forget what his name is the person who's played Wolverine for the last like two decades he was sitting right beside me and he was a big guy like Jesus Luis man he made me look like a little guy and he was sitting and I was like dude nice I think he had done the first movie January 1972 horrendous event I'm back taco we finished I met a nice lady with two cute dogs that's where you went to what's your favorite burger place just local burger places, not chains I don't go to chains I don't eat at chains anymore I don't like homemade burgers Hugh Jackman that's it Hugh Jackman I sat beside Hugh Jackman watching Sunday Bloody Sunday Vancouver Film Festival that was fun this was a good stream gang I loved it that's the thing I love doing these streams and not knowing really what we're going to talk about and then we just go crazy and talk about regarding what mathematics anyway I can't remember his accent is he Irish or is he American US I don't know sorry for what I said when I was deep in my cups last night game at home mom no apologies necessary I was laughing my ass off right he's Australian he's Australian that makes sense that makes sense almost time for pop we're going to call the stream right now anyway Martin so pop time for you Ozzy what I work as a baker nice I love the chemistry of baking and I've made honey chocolate chip cookies awesome ginger I make those on a regular basis they're good cookies it took me a while to get it down packed and I can make them gluten free now too because I have people that are eating it that they want it to be gluten free so I messed around and got the gluten free recipe going with that too so I can make it gluten free honey chocolate chip cookies I'm glad you're liking them thanks for a baker thank you there's a lot more baking I'm going to show you guys at some point AC DC in Australia has a nickname called aca da really the texture was kind of unique but I love the texture crunchy on the outside chewy on the inside but it's crumbly as well it's weird texture thanks for being here gang as far as the next stream goes we've got 2 more streams lined up we're going to do 3 streams tomorrow 10x10 puzzle an hour of pop had a chance to watch the new Chernobyl TV series not yet I grabbed number 2 last night I have number 1 but I haven't watched them yet I'm going through space dandy right now just so you know space dandy again I have 26 it's like the third time I'm watching it so right now my watching time is when I have the time I'm sitting down and watching space dandy I love that series cooking tip if your sauce is too runny and flour cooking tip if your sauce is too runny add flour 100% 100% so tomorrow we're going to do 3 live streams an hour of pop 10x10 puzzle I think we start at 1pm tomorrow if you're around 1 and then 3 and then 5 I believe or 6 and then 6 I believe I'm a qualified chef we've got chefs and bakers here cooks and bakers and then on Monday we're going to go in the kitchen and I think I'm going to make cuckoo I've got lots of vegetables lots of greens in the fridge and I'm going to go get some more I've got lots of eggs I've got to use up so I think we're going to make a whole bunch of cuckoo on Monday tomorrow is the chicho L marathon chicho yeah chicho 10x10 puzzle marathon fun anyway gang thanks for being here thanks for participating thank you Nicholas I know he's gone for recommending that we do some kind of budget for the next few months what's going on and just in case here you go cuckoo because you just showed up this is what we figured out so if you're doing investing you're going to make more money next month than you would 700 so instead of making 700 you make 700 round out one pound one bam okay invest more you make more salary more have fun gang hope you have a fantastic Saturday and I'll see you guys tomorrow if you can make it or Monday if you can make it if not in the next live streams okay bye for now boop I'm going to spend it all I love taco I love that you need more late shifts taco 100% bye bye gang