 Hi, this is Chichu. Welcome to my channel. Now, what I'd like to do in this video is give you sort of an intro to the next set of videos that are going to be coming up. And they're related to economics, personal finance, investing, our current economic system. And I sort of have a handful of stuff that I want to talk to you guys about. And I have pen and paper here that we're going to try to create some visuals so that we can appreciate what's happening. And you can think about this as sort of a follow-up to what we've already talked about for mathematics, for the mathematics of economics, where we put our intro video mentioning that economics and politics are sort of the same beast, right? You can talk about one without the other and vice versa, right? And we did three follow-up videos to that where we talked about maximizing revenue problem. I guess we took a problem from my childhood days and we did a maximizing revenue problem. We talked about disruptive innovation where basically new technologies, new way of doing things, new innovation sort of starts challenging established industries and how we could get a visual for that and how that plays out in our current economic system. In the third video, we talked about differential accumulation, capitalist power, rate of return, rate of interest, rate of growth and how interest rates play in our system, right? And we had a follow-up video on that where Jonathan Knitzen sort of fine-tuned some of the ideas, sent me a little reply and he sort of fine-tuned some of the ideas that we talked about in the differential accumulation video that we did, right? Where we start talking about specifically capital, power, right, for our current economic system. So what I want to do in this video is just follow-up on that but sort of paint a larger picture, right? We're not going to go micro, we're going to go macro, sort of get a broad overview of what's going on in our current economic system because it's pretty important. Right now, we're sort of at a crossroads where there's a few different factors in play, right? There's a lot of different things competing and disrupting systems that have been established and there's new technology coming on, coming to play that's really going to change things, okay? So two things you need to keep in mind when it comes to talking about economics and the next set of videos coming up and to anyone that you talk about regarding economics and personal finance and possibly being financial advice and stuff like this. The first thing you have to appreciate is that economics is not a hard science, right? Economics is not physics, economics is not chemistry, it's not biology. Economics is not mathematics and mathematics is not economics. Economics is just a system that we've come up with, systems that we can come up with and have come up with in the past, right? That allow us to create certain rules where we can do trade, okay? That's basically the core essence of what economics is, right? People getting together, creating systems where you can do trade within those systems based on the rules created for that system, right? So one thing you have to appreciate regarding economics is there's a lot of assumptions for every economic model, every economic system. There are a lot of variables in play in every economic system and there are a lot of variables that haven't been accounted for in every economic system. Sometimes certain variables come into play that didn't exist previously in certain systems and they completely change those systems, right? Or collapse those systems, okay? So the first thing you have to appreciate is that it is up to you, really, if you have faith in a certain economic system, if you want to invest your time, your money, your energy in that economic system, okay? Or if you want to look for alternate economic systems and there are multiple systems at play right now, okay? So first thing you have to keep in mind is that economics is not our science. It is prone to changes, sometimes dramatic changes as we learn new things or as different variables come into play. The second thing I really want you to keep in mind regarding what we're going to talk about is it's not financial advice, okay? What we're going to talk about is not me giving you guys financial advice. Please really appreciate that, okay? Because economics, personal finance as the first word implies, personal, is very personal. What my economic needs are may be completely different than what your economic needs may be, right? My economic needs that may come up in the future may be different than my economic needs now, so I have to plan for that as well, right? So economics is very personal. Investing is very personal, right? It's dependent on the system, it's dependent on your lifestyle, your liquidity, right? Your burden, your debt burden, okay? And we'll talk about this a lot more in the coming videos. But please keep this in mind. What we're going to talk about is not financial advice. It's not me giving you financial advice. It's just me sharing my perspective of our current economic system and how I have decided to function to a certain degree. I'm not going to go too in depth into it, but in a broad sense how I've decided to function within the system and where I think things may be going, okay? So please keep that in mind, because there is a few different things that we're going to talk about. I don't know if we're going to talk about everything that is sort of laid out to talk about. There is some that I've laid out for sure we're going to talk about, how deep we're going to go into this. But there are certain things that we're going to talk about that are quite important and may come into play, okay? For you and they have come to play for me. So this is some of the stuff that we're going to talk about are some hard-learned lessons, okay? That said, being sort of my long-winded intro to these set of videos coming up, and this is going to be open-ended. So we'll revisit this topic a lot more and we'll add to this discussion a lot more, okay? As for what we're going to start off with, now I've got my color pens and stuff here and markers and stuff, and I have some paper here and stuff. So we're going to lay out some visuals when we talk about some of these concepts. One thing I want to start off with is basically sort of in a broad sense, five things to keep in mind for your personal finance, right? For your financial independence.