Waching daily Feb 16 2019

Were you born in a middle-class family

If yes, then you're most likely going to die in a middle class family in this video

I will tell you five reasons why the middle class is a trap and what you can do to escape this trap

If you're new to this channel, please consider subscribing

I mean one new video we did about the stock market about investing and about entrepreneurship

So why the middle cross is a crap? You should understand back to the middle cross first

well

it's there are different definitions about the middle cause but usually is defined what is between the rich and

The poor so there are the rich and the poor ones middle is middle

Cause emerge did not complete the middle class now is the maternity of the population

That's why politicians like the middle cross so much because both of the votes come from there

But it's not something good for society in general

We should always move to the next level. If you are poor you go to either God for miracles. Go to reach the

Social publicity the middle cause is not an endpoint

But there is a problem in major problem in the middle course

It's called a middle class

Squeeze that income of the middle class is not growing that much if compared to inflation if you are in the middle class

Most likely you parents were in the middle cross your children will be in the middle because your grandchildren

In the middle and the income is not in. Kweisi

so if you are pulling the middle cross you're most likely to die in the middle course and if you compare this with

Inflation the amount of money you get today and the amount of money you will get the ten years from now

It'd be about the same

The same thing the same salary

So the middle cross is a drop your crop it in this you cannot go Kouga and you cannot go richer

So the first reason for this is because of a lack of motivation

Poor people they are motivated. They are motivated to succeed in order for them to get out of poverty

They need to survive and survival is one of the most important things for any

animal for any human being and for

for the poo

this is the

Priority in life to survive to get money in order for them to survive and that's why the words we don't get out of poverty

To go into the winter cause further rich the only way to get richer because they have been getting richer all their life

They are invest they are

Started business said they are working on their business out there water businesses to grow

they have worked so hard to get this money and now they want to get richer and

Of course, we'd get richer because the rich are always learning

They're always working harder work is more to get richer but the middle course what's the motivation of the middle cost?

They are in the middle all the other poo. They are not rich

they are living well paycheck to paycheck when the girls say that they are living as part of the who

So there is no motivation for the middle class

Individual to get out of this trap they are in this rat race studied have a job start a family

Your child will be born now. Your child will study have a job start a family

Your grandchild is born and it just continues right like this

It's a rock face and you are still dropping

The second result is comfort because if you are in turn, it'll cost you have come more comfortable than the poor

You have a hush over your head you have food

so let's know it's like it's a bit like number one no education for you do succeed enough to do more and

You are scared, of course of failure because you are comfortable and do body

From an evolutionary standpoint your body or mind wants you to stay in your comfort zone

They don't want you to get to get out of the comfort zone

You are already in a comfort zone is good for your survival

Why should you take risk to make more money?

And now you can lose everything I would prefer to take risk to try

Even if I fail even for how to live on the streets than not trying at all because this is better

Trying and failing is better than not trying at all

Look at her look at how so many

Successful people they were on the brink of bankruptcy

There are people who went bankrupt and now they're even richer you got an ultra for example

He was on the brink of bankruptcy two times

He never better that might diagram his business Integra

but what happened is still rich this one president, so it's because of

Always taking risk

Calculated risk don't just do random things random velocities

Calculated risks people who change the world. They are always doing hard things

They are taking things and comfort is laziness

So get out of your comfort zone and take risks now take action

now the third reason is environment our

Environment has a very important role to play in wiring our brains

and

if you do that the poopy but we live in two areas the rich they will live in rich areas and the same for the

Middle cross they will live in those middle class areas

But once again, that's their comfort zone if they don't you're comparing yourself with your neighbor you will not

Want to be better?

But now if you go outside your environment

you could and meet people or better than you you go and

Make friends with people who are better than you you go and make friends with people who are richer than you you will be motivated

To succeed now. If you are the most intelligent person in the room, you are the richest person in the room

You're in the wrong room Felicia is wrong association with money you

Think that money is the root of your own evil. You think that it is something but I've talked so much about this

It's one of the red proverb people have with our laws people the thing that wants to get rich

Doctor is going to be more troubles for them because now they are rich they will have problems. They will need security

Then it's just excuses rich people are not bad people

Actually, if you look at the rich people they are changing the world. You got Bill Gates

he's

Mia he has very cute pull you. Look at Warren Buffet has done. It has so much money

So rich, people are good people actually padded at the pool

it's a one thing to say that you should not judge people by the amount of money thing how you should judge people by the

Amount of money thin out because if you look at someone and they have a lot of money, you know

This is a one hard-working. This is a one who is making money. He's hard-working his mother. She is hardworking

She's smart. But now if you look at some we spoke

mostly got lazy people because

In the capitalistic Iran economy in the world that we're living today

being rich or

Poor is a choice. It's

Not something in the past yet in feudalism

Yes, if you're born rich

You will stay rich if you are born - you will stay poo but not in the capitalistic

Society that we live today, if you are watching this video you are most probably in a capitalistic society

So stop making use excuses and start changing yourself

And the fifth reason is no financial education the schools don't adjust

How personal finance is investing the teachers economies?

Economics is good. Yes, but it's not personal finance

You know, what is the demand and supply curve, but you don't know how to use it

You are talk much, but you don't know how to use must make money and money. Is that fewer of society?

so schools don't teach us how to money have a money how to get rich and

You are expected to learn this from out by ourselves

So, of course if you have never done how to make money in your life

You will be taught in the middle Nostrum and this channel is wonderful

You do get better financial education because I don't talk just about investing

Just don't about stock market about the stock market about the stock analysis. I talk about entrepreneurship

I talk about how to make more money I talk about how to increase your financial knowledge

I talk about books I talk about great books that you should be about action that you should take and

It's not just about my channel. There are so many channels on YouTube so many courses so many books are my nipple now

It's like just an excuse if you say you don't know how money works because birth people

Don't know how the money works and the rich there's all those people who know how money works they say that

99% of the wealth is in the hands of our new 1% of the population

Only 1% of the population actually knows how money works so it's not it's not a coincidence

Let me know in the comments. If you are in the middle cost and what change

To bring to your life in order for you to get out of this drop

So thank you for watching this video

Please like subscribe and share subscribe for one new video every day about the stuff work and about investing about

entrepreneurship and how to make you more financially educated

Have a nice day and good. Bye

For more infomation >> 5 Reasons Why The Middle Class is a Deadly Trap - Duration: 9:05.

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How to Draw a Turkey Step by Step | Turkey Drawing for Kids | Turkey Coloring Pages for Children - Duration: 12:09.

Hello guys.

welcome to my brand new video Here Learn How to Draw a Turkey with This Step by Step Turkey

Drawing Instructions.This Video Is a Thanksgiving Project with Your Kids.

So let get Start.

For more infomation >> How to Draw a Turkey Step by Step | Turkey Drawing for Kids | Turkey Coloring Pages for Children - Duration: 12:09.

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⭐ Eu quero investir, a história de sucesso de Juliano Custodio | Conte sua história #01 - Duration: 10:02.

For more infomation >> ⭐ Eu quero investir, a história de sucesso de Juliano Custodio | Conte sua história #01 - Duration: 10:02.

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Morning Yoga Workout Better Than The Gym Strength Stretch helptips66 - Duration: 15:44.

Morning Yoga Workout Better Than The Gym Strength Stretch helpt

Morning Yoga Workout Better Than The Gym Strength Stretch helpt

For more infomation >> Morning Yoga Workout Better Than The Gym Strength Stretch helptips66 - Duration: 15:44.

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katy Perry, As várias polêmicas da cantora- Oséias Ritty Eri - Duration: 5:12.

For more infomation >> katy Perry, As várias polêmicas da cantora- Oséias Ritty Eri - Duration: 5:12.

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MUSIC MATTERS - Starting soon - Duration: 0:26.

I think music for me, it's such a gift that's been given to us.

it means emotion, memories

and without it so many things would be missing.

The music that you're going to choose for your videos

is either going to make or break it.

It it's all in that track.

For more infomation >> MUSIC MATTERS - Starting soon - Duration: 0:26.

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Consistency Is The KEY To Good Grades - Study Motivation - Duration: 4:05.

if you want to be great if you want to be known as the highest achieving

student in your class if you want that then you're going to be misunderstood by

people because you're going to be so driven and so focused and so disciplined

people are going to think you're crazy when you're studying all morning and all

day at college and you go home and study some more and study all night into the

early hours your classmates they will never understand they'll never

understand why you do it but you will you get it it's not just about the

grades yeah getting good grades feels great but it goes beyond that it's about

what it represents it's about what you represent it's about becoming that

person that whatever you touch whatever you get involved with it turns out

phenomenal and people want to study with you and

team up with you because they know you're the person that gets results and

to get to that point it's not going to happen fast it takes a lot of patience

and a lot of time and a lot of stress and pain and suffering you got to go to

war with yourself before you can get to that top it is difficult to get up early

every day when you're tired it's raining outside and you have to go to college

when you don't want to go it's a hard journey you will have downfalls

you will have times when you're hurting there will be people who talk about you

it's a journey that's going to make you very uncomfortable but through the

journey you will find peace with yourself self-esteem all of these things

are going to be found only through discipline getting uncomfortable and

putting yourself in situations that you don't want to be in

how badly do you want to change your life what are you willing to give up to

have that life that you dream of are you willing to give up the procrastination

and the Netflix and the hitting the snooze button five times before you

eventually get up are you willing to give up all of this for the life you

aspire to have or do you just want to talk about it and I mean give it up

forever because two or three or four weeks isn't good enough you really start

to see improvement when you are consistent all the successes I've had it

goes to the fact that I understood the process and day in and day out of being

consistent I just keep doing the same thing over and over and over again it

will take a while it might take one year it might take five years I don't know

but here's what we know if you do it every day every day works

someday doesn't you just need to every day study

have you done what you said you were going to do did you study when you said

you were going to study or did you get distracted and put it off there's always

going to be a reason to procrastinate there's always going to be a busy

schedule there's always going to be something unexpected that happens it's

always going to be that way you have to work through it but a lot of students

don't want it enough people who succeed stick to the plan regardless when you

tell yourself you're going to study you need to do it you have to commit to

getting better grades you have to commit to being a person of action you have to

commit to being someone who doesn't just talk but who gets the results - no more

excuses no more complaining no more victim mentality take responsibility

disappointed with your exam results take responsibility it's not the teachers

fault it's not the examiners fault it's not your parents fault it's your fault

when you see something that you want go after it and attack it and don't stop

until you achieve your goals don't let anything or anyone stop you from

achieving it

For more infomation >> Consistency Is The KEY To Good Grades - Study Motivation - Duration: 4:05.

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5 New Habits I'm Building | Coffee, Vegan, Saving Money + more! - Duration: 7:34.

Hi everybody. This video is kind of like a life update

as well as introducing you guys to the new, healthy habits that I started developing.

There are many reasons why I started developing these habits,

but the major one is my own health problem which is bruxism.

So, bruxism is a medical term for teeth grinding.

And I have a really unhealthy habit of grinding or clenching this side of my teeth,

and I do that in a way that I cannot fully explain.

And my daytime Bruxism started around 2 years ago,

and I haven't really paid that much attention to it because there was no visible sign of ill health due to this.

Like my jaw was fine, I didn't feel headache, my teeth didn't fatally sink down,

and overall I just didn't feel the urgency to fix this nor did I consider it something serious.

But now I think I should definitely be paying more attention to it.

And after some trials and errors, I realized this is something that should be approached long-term.

So by using this opportunity,

I decided to make more conscious choices for my health and break out of some unhealthy habits

that I haven't been really mindful enough do something about.

So here are 5 habits that I am currently building.

Number 1 is caffeine withdrawal; cutting back on coffee.

I don't think there is anything wrong with coffee.

There are many benefits that coffee gives to us

such as boosting our energy and it really helps us be awake.

But I think I'm addicted to coffee,

and addiction is always a problem.

So, I really like the feeling and sensation I get when I drink americano.

I don't add any sugar or cream into my coffee.

My coffee has to be dark, black.

Otherwise I don't feel that exact sensation I really like about coffee.

But from some point in my life,

I started drinking at least two cups of coffee a day, which is like a lot.

And that became normal and I find myself craving coffee so much especially in the morning

like right after I get up.

And that's really bad.

So I really need to do something about it

so I'm trying to cut back on my caffeine intake.

I try to take only one shot of espresso a day

or not drink it at all.

And it's quite a challenge for me.

I am already having withdrawal pain

and I would feel really sleepy during the day time.

But I'm waiting for my body and my mind to slowly adjust to the new coffee-less condition.

Another habit I'm trying to build is making healthy food choices.

I think making healthy food choices is not just about

the food you eat and how that food freshens and energizes you and changes your body,

but it's also about the choice and determination you make for yourself

that's really going to have an impact.

Because you are more conscious of what kind of meal or food to give yourself

and being conscious means you care.

You pay attention, when you have the choice not to,

but you do (pay attention), because you care.

And I think that will not only affect your food choices but other habits as well,

because you habitualized caring through making conscious choices,

and I believe that will seep into other things you do as well.

So back to food.

I've honestly thought of going vegan.

I did some research and I thought it's a lifestyle that would be perfect for my current health symptom

and overall veganism is beautiful.

But I know it's something that cannot happen all of a sudden for me

and I'm trying to make a slow and steady transition into it.

Veganism is still not common in my country

so I'm slowly going to see how I can manage that,

but in the meantime

I try to eat healthy, cook more, do research on nutrition every once in a while, and so on.

I'm not perfect at it, but I'm trying.

And that brings me to my next habit, making wise money choices.

And by wise, I mean being more mindful of the things I decide to buy

so that I don't waste my money when it can be saved or used in better things.

I'm overall horrible at money management.

I suck at saving money.

But I also know that if I'm more conscious of how I spend money, it's something that can be fixed.

I am not a money master, so I am not ready to share with you guys my saving tips,

but I went over my spending history of my debit cards,

and I realized I spend so much money unnecessarily on coffee and food.

So the first two habits I'm building will also contribute to helping me save money.

So I am starting from the steps that I can immediately take.

Breathing.

I did some research and bruxism has correlation with shallow breath.

And I do think the way I have been breathing is not quite deep and ideal.

I work out almost every day but even when I work out,

I sometimes find myself holding breath.

And that's not good, so to fix that

I am doing more cardio.

I incorporated more cardio into my workout routine.

Cardio is good for your breath because you don't have to make conscious effort to breathe,

but you naturally get to breathe with fast heartbeat.

So, cardio makes the oxygen naturally flow in and out, and you don't need to worry about holding your breath.

You just can follow the natural rhythm of your breath as you do cardio.

Other than that, I try to do more conscious deep breathing whenever I can,

when I'm meditating or in the subway waiting for someone

or whenever I catch myself having shallow breath.

It probably has to do with my cultural surrounding,

but I am used to doing things fast.

That can be both good and bad,

but these days it's doing more harm than good to me,

so I'm trying to change it, at least in the things I can.

For example, when I eat, I try to be more mindful of each scoop or each bite I take.

And unless I'm very late to somewhere important or keeping someone waiting,

I try to walk more mindfully while breathing deep

and that helps me not to worry in advance

or have too much thoughts of what I should be doing

which are what make me unnecessarily hurry.

So that was it! Five habits that I am building.

I would love to know what are other habits you would like to build or suggest to me.

Please leave it in the comment section.

Thank you so much for watching this video, and I'll see you in the next one. Bye!

For more infomation >> 5 New Habits I'm Building | Coffee, Vegan, Saving Money + more! - Duration: 7:34.

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We have BEEN LIED TO OUR ENTIRE LIFE (not clickbait) - Duration: 3:45.

we have been lied to our entire life well you know what maybe maybe just me that

has been lied to my entire life I have made an incredible discovery just today

and I thought I need to make a video about it because I was mind-blown I

saw an article titled what does SOS stand for I already know what it

stands for so I said you know what I'm gonna double-check and make sure this

article is right before I tell you what this crazy discovery is I want you to

pause this video and I want you to scroll down to the comment section I

want you to write what you think SOS stands for okay give it little pause

scroll down tell me what you think as to what stands for

done? okay welcome back just in case you never even heard of this SOS you might

have seen it might see some pictures of someone stranded in the beach pretty

much calling for help because they're stranded no food and they need help I'll

tell you what it stands for ready it stands for nothing know way dude

it stands for absolutely nothing there's no acronym S does not mean safe oh it

does not mean our s does not mean Souls or save our ships or Suzie's over lading

stomach no it does not stand for that okay moving on and just to prove to you

guys that I'm not lying I'm not making this up we're gonna ask Google home she

knows everything ready let's see let's put this bad boy into action someone

calling me yeah someone's calling me hey Google tell me what I saw what stands

for because I have no idea

here's a summary from the website Mental Floss calm a lot of people think that

the distress signal is an abbreviation for save our souls or save our ship but

in reality the letters don't actually stand for anything thank you there you

go guys you heard it there yourself from Google home confirm that SOS

does not stand for anything back in the day to communicate long distance there

was a whole different way of doing it we didn't have our iPhones to message they

were in the middle of an island messaging someone I need help I am

stranded please come get me phone died dang it so this means we're going back

in time baby! There the Telegraph

and how it worked was pretty much just sending sounds and these sounds

create a letter which would create a word

so all these countries came together and agreed that from now on we're gonna use

SOS because it's short simple and sweet and that became the signal to let you

know that you were in danger the sounds of the three dots beep beep beep it's an

S then the - the three dashes is an O and then s again so next time someone

tells us SOS stands for save our souls or save our ships look at them in the

eyes and say no it stands for nothing thanks for nothing please make sure to

subscribe and turn on post notification button if you want to see more of my videos

We have been lied to our entire life

For more infomation >> We have BEEN LIED TO OUR ENTIRE LIFE (not clickbait) - Duration: 3:45.

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Best Chocolate Cake Recipe For Kids | Amazing Cake Decorating Ideas You'll Love - Duration: 10:09.

Best Chocolate Cake Recipe For Kids | Amazing Cake Decorating Ideas You'll Love

Thank you for watching! Hope you enjoy & like it!

For more infomation >> Best Chocolate Cake Recipe For Kids | Amazing Cake Decorating Ideas You'll Love - Duration: 10:09.

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Weapon Feature: Battle Rifle - Duration: 1:41.

The BR55 Heavy Barrel service rifle, more commonly known as the 'Battle Rifle', is a

weapon manufactured by Misriah Armory.

Designed as an all-around utility weapon,

this rifle excels at medium to long range combat.

With semi-automatic, burst fire and full-automatic modes,

the BR55 is the backbone of all UNSC armed forces.

When nothing else gets the job done,

the Battle Rifle will.

For more infomation >> Weapon Feature: Battle Rifle - Duration: 1:41.

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雄店二手古著市集逛街，各家古著老闆激推單品是什麼呢?一堆熱門當紅二手古著這裡都買得喔！還有各家老闆厲害古著穿搭，跟著我一起來吧!｜家庭兄弟 - Duration: 10:01.

For more infomation >> 雄店二手古著市集逛街，各家古著老闆激推單品是什麼呢?一堆熱門當紅二手古著這裡都買得喔！還有各家老闆厲害古著穿搭，跟著我一起來吧!｜家庭兄弟 - Duration: 10:01.

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5 Things to Give Up NOW For Younger Looking Skin | Beauty & Skincare Tips - Duration: 3:58.

hi everyone this is Renae Olivia and in this video I'm gonna be talking about

the top five things you should be giving up if you want radiant and younger

looking skin but first for all things beauty and skincare make sure you hit

that subscribe button and the bell ring that way you know every time I upload a

new video every Saturday

all right let's get right to it number five give up on picking your pimples

people this is so damaging to your skin it can lead to permanent scarring and

discoloration so please stop doing it it's just not good try using a salicylic

acid and maybe be a little patient if you can I did do a video on salicylic

acid and if you want to watch it I will link it above and below okay number four

give up on the makeup when you go to the gym it is so bad the makeup can get in

with the sweat and then it clogs your pores

I know it's hard sometimes because I know for me I go right from work

straight to the gym and but what I do do is I bring makeup remover the little

towelettes so that's helpful but just try not to do it because it really can

cause breakouts and if you're prone to acne then it's really bad for your skin

okay number three give up talking on your cell phone without either using

your earbuds or wiping it down or you can even put it on speakerphone but if

you're putting the phone against your skin it's so bad because there's so many

bacterias on your phone so many germs it's kind of gross so either carry like

the little towelettes or there's like a spray that you can use which is always

helpful but if you're prone to breaking out definitely don't be putting it up

against your skin because it's really really bad for your skin okay the number

two thing you should be giving up is smoking I know you've heard this before

from me probably from a million different people but smoking is so

terribly bad for your skin and for your health in general so if you haven't

stopped yet please do and I know it's never too late

but you shouldn't even be starting in the first place many of the chemicals

found in tobacco have been shown to damage the collagen and elastin in your

skin and these things are what gives your skin its strength and elasticity

okay and the number one thing to give up is the Sun I know it's like skincare 101

give up the Sun do not be a Sun worshipper like I used to be when I was

a young girl but I did stop tanning about the age of 17 and I know for a

fact that that is definitely part of the reason why I am pretty much wrinkle free

I'm not completely wrinkle free I mean that comes with age but yeah the Sun if

I would have laid out the way I was laying out oh my gosh I would have so

many more wrinkles right now it's not even funny

but if you're like me and you like to have a little color and you feel a

little bit better about yourself when you have a little color then use self

tanners I love self tanners I love a good spray tan if you're interested I

would be happy to do a video on like my top spray tans that I use and self

tanners so let me know and I'd be happy to do that alright that is my video on

the top five things you should be giving up to have younger beautiful glowing

skin if you found it helpful which I hope that you did give it a thumbs up

comment down below I would love to hear from you and share it with your friends

okay I will see you all next time

For more infomation >> 5 Things to Give Up NOW For Younger Looking Skin | Beauty & Skincare Tips - Duration: 3:58.

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Selfie Coreana vs Selfie Latina | Corea Tentación - Duration: 0:58.

For more infomation >> Selfie Coreana vs Selfie Latina | Corea Tentación - Duration: 0:58.

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WHY I HATE MY CURLY HAIR! - Duration: 4:35.

For more infomation >> WHY I HATE MY CURLY HAIR! - Duration: 4:35.

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Intuit Offers Live Bookkeeping?!?! | Saturday Slowdown - Duration: 12:19.

hey it's patti scharf CPA and co-founder of catching clouds the leader in

e-commerce accounting welcome back to another Saturday slow down where I like

to remind everybody to work on their business and not just in their business

okay today I'm going to talk about all the mayhem within ensued this week when

into it put out kind of a test run on their pricing page talking about

QuickBooks Online being offered with live bookkeeping as you might imagine a

whole bunch of pro advisors so bookkeepers accountants who are working

directly with into it on their quickbooks online programs and stuff

once they got word of this like there was like mayhem going on because they're

like oh my god it's our vendor trying to compete with us that's not fair and and

this is ridiculous and I'm jumping to zero and whatever so I want to talk

about kind of my opinions on all these things and just kind of give you my

point of view so I want to start off by saying that bookkeeping by the small

businesses that I know it's not really valued I mean it's kind of the dirty

little secret of accounting that that small businesses is they just don't get

it I think part of the problem is that small businesses they just they simplify

what they don't know well everybody does this I thank you you're like oh well all

I have to do is XY and Z when if you're actually doing it you know that things

are way more complicated then you could have possibly imagined like before I

start a YouTube channel I just couldn't believe how much like research and

digging into stuff I had to do it was kind of ridiculous I mean you don't just

grab your camera and do it I mean you can but you know what I mean

so bookkeeping is like that like like you just don't know what you don't know

if you're not doing it so bookkeepers feel undervalued underappreciated and

they provide a lot of valuable information to small businesses who take

advantage of it and have actual good bookkeeping but like I know 10 12 years

ago something like that I bought a CPA firm and like I opened up the drawer and

there were financial state monthly financial statements in there that

either hadn't been shared with clients the clients never picked him up they

paid for the bookkeeping services but they didn't never look at the financial

statements because either they couldn't read them or they

just didn't care and really financial statements are the scorecard of your

business I could go on a whole tirade on that but but in general small business

owners they don't get it they they also see that automation is

coming down the pike and they're like it's so easy all your stuff is automated

why should I pay for something that you guys just push a button and it's all

done it's ridiculous so you know if you're a small business and you that's

what you think then it's gonna be really hard to argue your way out of it just on

the data entry merits alone intuitive smart they know this they also have

bench and bot keeper and a bunch of other companies who are rushing to the

market and saying here I'll do your accounting for a couple hundred bucks

hey I'll do your accounting for three hundred bucks and Intuit is like hey

we're just trying to sell software and what better way to sell software is to

just slap on a live bookkeeper with it they had really good success with

TurboTax and so why wouldn't they do that with bookkeeping too and honestly

okay more power to them that's they're a software companies so by all means sell

your software you know but here's the thing like what they're selling if

they're gonna sell it effectively it has to be very specific it has to be very

standard it has to be very small you know it has to be just these specific

things otherwise they're not going to be able to scale it right and if that's

what they're giving their customers then they're not giving them a lot and

honestly like when so I mean I'm in New Zealand I've been traveling here for the

last several months and Scott and I have talked to a bunch of New Zealand

accounting firms and we're asking about different market changes and things like

that and how they're competing and and and that kind of thing and we heard over

and over that a lot of accounting firms are actually outsourcing their

bookkeeping to Malaysia the Philippines to India because that low-level work

it's just not valued by small businesses and they're doing it to remain

competitive between all the other accounting firms that are in New Zealand

but they're really doing it just as kind of a stopgap until zero is figured out

there artificial intelligence and they're machine learning so that all of

that coding and bookkeeping stuff all all can be automated and just go away so

whether Intuit is doing it with a live bookkeeping service or Xero is doing it

with automation all that work it's going away it just is and it's not surprising

this is not new information like we've seen it coming from a long way off I

wrote an article about this in February of 2015 something like our bookkeepers

becoming obsolete or something like that I'll put a link down below so you can

read it and what I was saying was look all this other stuff it's it's driving

the market to to be more and more price sensitive it's driving small businesses

to expect more for less so you can't compete with automation so you need to

change your skills and up your skills in a different way and here's the other

thing I think so in the US I think the the two big players for accounting

software is QuickBooks Online and zero ok they're they're strong competitors

against each other and I think that they have very different approaches I think

that into it I said before they they sell software and I think it's really

obvious that that is their strategy their strategy is to go to the end-user

their strategy is to go to the do-it-yourselfers if they happen to have

a pro advisor program and they can get a bunch of customers that way that's great

but really the pro advisor to people are really more salespeople for them and and

you know this because if you walk into Costco you see they've got QuickBooks

right there on the shelf or if you're watching the Superbowl

you see Danny DeVito is telling small business owners directly how easy it is

to do their own books right zero I think takes a different approach

and it's one of the reasons why we kind of aligned ourselves with them early on

in like 2013 we decided not to take any more QuickBooks clients I think that

Xero has a very different approach they they understand the importance of having

accountants aligned with small businesses like it's really important

for the success of a small business owner to have an accountant in their

corner to help coach them as far as the finances go and things like that to help

them understand their financials help them understand and be proactive in

managing their business okay and to be fair in - it does that - and they talk

to pro advisors and they tell them how to do different things and and tell try

and give them a hint of where the industry is going but I think no matter

which software you're looking at you're going to get to the end same end result

zero they're going to automate the snot out of things so that having the

bookkeeper kind of becomes irrelevant and quickbooks online they're going to

jump first to the live bookkeeper but eventually they'll automate - and the

bookkeeping will come become irrelevant I don't think jumping ship from one

software to another is going to save you I think that if you are trying to

compete on the data entry side of things you're pretty much screwed no matter

which way you go but I do like that Xero is taking an approach that really is

more in alignment with where I would hope the accounting industry would go

which is yeah they're gonna automate the snot out of things so that it's easier

for us to use it's easier for our clients to use it's easier to

collaborate on and things like that so I mean that's one of the things I like

about Xero so but honestly I don't think it matters I think that unless you kind

of change your approach you're not gonna get where you want to go long term so

that begs the question what do you need to do to stay competitive how do you how

do you stay in business if these different companies are like crushing

you on the low the low end and I think the answer is you need to

move up so you need to elevate your skills you need to really work on your

personal people's skills your soft skills you need to work on educating

your clients you need to work on understanding the numbers on a really

deep level so you can start to predict where the companies are going so you can

help guide them in the right way so that they can have a healthier more

successful business you need to learn how to manage and manipulate data so

that you can get some of these key insights I think especially for like

e-commerce sellers are the e-commerce industry oh my goodness like navigating

all the different payment processors and shopping carts and different it's a

nightmare you know and so the more you can

understand how data works and you can manipulate that into learning key

information about your clients businesses the better you're going to be

and I think along with that you need to specialize you need to pick one industry

and go with it because if you're going to be able to give your clients a deep

insight you can't be distracted by learning about seven different

industries you need to focus on one so that you can go deeper okay so I I think

that's really critical to the success of accounting firms at least in the u.s.

for the long term there's one last thing I want to say about this and I don't

want to project that this is all doom and gloom oh my god QuickBooks has taken

all our clients like that is not what's going on here I think that this is

actually an opportunity because if Intuit is taking or bench or bot keeper

whoever if they're taking all these lower-level clients it's giving us an

opportunity to differentiate ourselves from them like if if QuickBooks Online

has this live bookkeeping but they've standardized it to such a point that

they're selling fast food hamburgers then we can sell steak you know which

means we can charge more and we can give clients more and when we can give them

more then their businesses are going to be

stronger and healthier so I mean it's it's elevating us

it's elevating our clients and that's got to be good for the economy so so

yeah I guess everybody wins I don't know so if you have any additional thoughts

or comments about this feel free to leave them down below I would love to

keep the conversation going I've seen lots and lots of comments

around but I'm always curious to hear where people stand on different things

so I hope you like this video if you did please like comment and share if you

haven't already please subscribe and I'll catch you later

For more infomation >> Intuit Offers Live Bookkeeping?!?! | Saturday Slowdown - Duration: 12:19.

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ভাল কাজের আদেশ করার লাভ সমূহ শায়েখ মতিউর রহমান মাদানী Bangla Waz New Short Video - Duration: 11:34.

For more infomation >> ভাল কাজের আদেশ করার লাভ সমূহ শায়েখ মতিউর রহমান মাদানী Bangla Waz New Short Video - Duration: 11:34.

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