The biggest thing that you have is your time that you're going to invest in them. When you take that and you invest it in people, they're going to remember that, and it's going to have a big impact.

And if you do it for 1 person, you invest in them, they're going to do it for someone else, and they're going to do it for someone else.

That's really how you lease the legacy. Not by your great accomplishment. It's not about all the great things you do, but it's the people that you touch and impact along the way. Alrighty, folks.

Welcome back to transacting value where we're encouraging dialogue from different perspectives to unite over shared values. Our theme for 20 22 is the character of your character. So who you see when you look your values in the mirror?

Today, we're talking our November core values of gratitude, appreciation, and resilience with mister Casey Stubs Currently, a host of how to trade it podcast, but we'll get more into that here in just a second.

So if you're new to the podcast, welcome. And if you're a continuing listener, welcome back. Without further ado, folks on Porter, I'm your host, and this is transacting value. Oh, yeah. You know, they do that in movies all the time.

Like, the new Spider Man came out, and they had all the old Spider Man's and I went and saw that with my kids, and people were just going crazy over that because the old Spider Man's in the same movie. And I thought, oh, for adventures.

Everybody else is like, nostalgia. It's wonderful. Yeah. Avengers is the same thing, you know, troll dolls speaking of the hair. What would your grandparents say about troll dolls? Like this is just plastic.

You made this for 2 cent sunglasses. Now they made that for 3 cents. What do you who cares? Why why would you spend 200 dollars for that? Like, you can hold it That's the difference, but the perspective's the same.

Already folks sit tight and we'll be right back on transacting value. Alrighty, folks. This Thanksgiving season, your year may well just beat hitting stride after the last 2 years of unplanned opportunities and growth.

To broaden the positive impact and alignment Getting your life back on track in 20 22, email survival dad y t at gmail dot com, or direct message on Twitter Facebook, or Instagram, a comment or a clip of you sharing your gratitude in our what are you grateful for?

Campaign and see your responses showcased on our social media pages and a special shout out announcement by me on Thanksgiving Morning.

Answers can vary in only need to be a sentence or 2, but which aspects of your life are you grateful for?

Alright, Casey, what's up man? How you doing? Good, Josh. How are you? I'm doing good. I'm doing good. You know, it's it's been a busy couple weeks since we talked last, but I really only know that perspective from my end.

Obviously, and since nobody can see you, let's jump into a relatability piece and sort of catch up on who you are, what you do, who is Casey stubbs, how's your life going, man?

Let's take a couple minutes and talk about it. I'm from Latrobe, Pennsylvania, and I have 9 kids.

And I have a company called Trading Strategy Guide, where I teach traders how to trade the financial market. And those things keep me pretty busy with the family and owning my own business.

So it's a lot of fun, but definitely keeps me on my toes. I'm sure it does. And first off, I can only imagine what it would be like to have a family that big.

Mine's not. So I don't know how you found time or find time to do this. The time factor is a big challenge, and what I found to be effective with that many kids is you really have to be intentional -- Mhmm.

-- and take things purposeful doing, planning, preparing. And so when I say intentional, I'm very intentional with my schedule. So if I working, I gotta try to get done at a certain time.

So I have time for family, family is a top priority, and so being intentional with that and then being intentional with kids, you know, you've got a lot of kids. You need to take time for each 1. And that's a big challenge.

So I gotta be intentional with how I manage my time and how I spend time with each 1 of my kids. Yeah. I bet. I bet. And then on top of that, obviously balancing a business and all with your work priorities, it's got to get complicated.

So I guess here initially, in order to better prioritize, it sounds like obviously family is easy enough to put up front.

But in prioritizing all of these things and managing your timing, being intentional with your efforts, and your energy, and your brain power.

Right? What do you use as a metric? To help you prioritize. You know whether it's investments or life or work life or whatever, like, what's your yardstick?

That's a very good question. And the way that I do it is I have a life plan and it's a document that I review often that has categorized each area of my life.

Right? So I start out with my relationship with my wife, then I go down to my kids, then I talk about each relationship. And the way that I develop this plan was from a book called Living Forward by Michael Hyatt.

And I read that book several years ago, And I mean, I well, how long ago was that? 5, 6 years ago? And I wrote down that plan, and I just keep it in front of me, and I review it often. And that's what I use as a metric.

So I just I'm always reviewing it. What I wanna do is my life has been my that I've reviewed, you know, while I've done. Okay. Alright. So it's sort of an entirely intentional cycle too, not just in the moment.

Absolutely. Right? Mhmm. So there are certain things that I do on there, like, okay, for example, relationships with my kids. How do I do that well? I wanna spend at least 1 hour every month with my kids.

And so how do I do that well? I pick them up from school, or I picked them up during lunch break, or something specific, and then I go back and I review to make sure that I'm actually good.

And I have the same thing with my dad. I wanna call my dad every 2 weeks. So I put that on the schedule, call my dad every 2 weeks. And so for me, my life plan is revolved around relationship.

Sure. But now you talked about trading strategies. So it's not all people relationships necessarily for you. Right? Like how do you view and this is a broad sort of question but how do you view people's relationship with money?

Is it generally reflecting these same sort of values or competencies or priorities or do you tend to see more, you know, I've got disposable income so I'll spend it and I'll allocate it here and see what happens.

You know, in just full send. That's a good question. And so money is a very important way – it's a source of our value, it's the way that we show some of our values on how we spend our money.

And I'm a big believer that we should be wise and good stewards with our money, spending it in ways that is not reckless.

Right? So I do the same thing with my money. I have a plan, a budget. This is how I I'm going to be spending money. It's kind of what learning how to spend less than what you make. Very important, especially when you have 9 children.

Yeah. Things are not cheap running a big home like that and so you have to be even more efficient with your money. And I also try to take the time to teach my children these financial stewardships as well, teach them about investing.

So 1 of the big things is as soon as you get paid, you wanna put money away. For saving, very important, saving and adding money into the market. That way you can have money work for you.

Increase in value. Because inflation is a really big problem. A great thing about inflation, a great example is, you know, when I was first starting out, I joined the military, and that's when I first started getting in the markets.

I was in the army and I was in for 4 years. And I would just put money in every single paycheck. And I left the military with about 30000 dollars Wow. And that was all in the stock market.

But that was in 2000. And so that 30000 would have probably about worth about 60000 a day. That's just how much inflation has taken away the value of money. Already folks sit tight and we'll be right back on transacting value.

Hello, everyone. This is Cassie Baez from the podcast. Adulting 01:01 with Caspi Bias. I wanted to share something with you all today. Before we jump into a new episode, of the transacting value podcast.

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Slash podcast. That's CASBYBIAS dot com slash podcast. Alright. Now, let's get into today's episode. That 30000 would have probably about worth about 60000 in space. How much inflation has taken away the value of money.

Yeah. Yeah. I just saw yesterday there's a house that I for the majority I think of my teenage years grew up in, in 19 99, it was sold to to my parents for I think somewhere around 99 or a hundred and 5000 dollars.

3 bedroom 2 bath 1800 some odd or other square feet.

But like a quarter acre lot, you know, like a sizable house for a hundred k. And it was in good shape that was just the market at the time. I just saw it on Zillow matter of fact yesterday for 342000 dollars.

Some of that's market inflation but still Obviously dollars devalued to a degree where it accounts for a portion of that change too at disparity. And, yeah, it's it's crazy how fast it can change.

And that's why real estate is another really good thing to put your money into. I have a very similar story. The house that I grew up in, I think my dad paid 50000. Mhmm. And, you know, that was in the early 80.

Sure. I think it's probably worth 3 or 400000 now. So -- Yeah. -- it's just real estate is a very good thing to put your money in as far as protecting your money from inflation. Assuming you know what you're doing with it. Right?

Which is sort of like where people like you come in. Right? You guide your mentor, you advise, and on on what how to allocate your funds or how to align them better with your priorities, your values, your goals. What is your angle?

I share and teach strategies on how to make profit from the market by following sharp patterns and trends, you know. So in the early part of this year, the market was down very challenging time to be trading the market.

The more of a short term type trading mentality where you can make cash flow by buying and selling on a very short term basis. That's where my business is. I do that, but I also do long term investments.

Doing both is very important. When you don't have to do both, the long term investing, most people should do And then some people if you're more of an active trader, you can do shorter trading, the profit.

I see. Kind of like flipping house type thing. Oh, vice buy and hold. On the on the real place, but instead of houses, it stops.

I see. I see. And just play in sort of arbitrage games or or whatever in the in the meantime. Right. The sharp have patterns and you can identify those patterns and try to get in when it's being ready to make a a move.

I see. As you know, I I don't know about the majority or any of either of our listeners but in my case trigonometry calculus, anything really involving a table in a graph was not my forte in school.

So this this has to account for its own sort of Literacy rate. Right? Like you gotta know what you're looking at. It's not all sort of in your face. Right? So how do you teach or breed financial literacy.

Like even to kids especially now you look at web 3, you look at crypto, you look at all these other considerations that even man even 10 years ago was it mainstream, you know, so the teachers we have now or their knowledge bases are being outpaced by 15 year olds giving crypto advice.

So you know how do you recommend or how do you actually encourage financial literacy then, especially with all these new variables.

Josh, that's a really good point. There's kind of a like several questions in there at least that jumped out of my mind.

And the very last 1 was when you talked about the 15 year olds that are learning more than the students and, you know, with the whole online thing, with Internet, with web site and businesses online.

The school still, even now, even though the internet's been around for 20 or 30 years school still don't really teach much about that.

Yeah. And there's a huge opportunity for anyone that wants to get involved. And even, you know, we we talk about this when we talked before podcasting.

It's like the website, you know, it's like the Internet, early podcasting is a big thing now. And then people don't really teach that much. You know you can't learn, go to school, learn about podcasts.

So there's all these new things, technology has brought us, new things in the world that you know, if you go to college board, you're not even gonna get any education on those things at all. Yeah. And finance is another 1.

You know, you go to school, and they don't really teach you about finance either. They don't teach you how to invest your money. They don't teach you about the stock market. They don't really see any of that stuff.

And so it makes it challenging for the average person to learn some of these skills. So my business has 2 components to it. It has the financial side, learning how to get involved in the market, but it also has the online side.

Because I was always investing, but I didn't start this business in 2008 until I lost my job. To 2008 with a down economic period. I was in construction. I lost my job. And so I had to figure out something to do.

Kept applying for construction jobs. There's nothing. So I'm like, well, let's start a website and people have it. Mhmm. And people started coming to my website and I had a lot of traffic. I'm like, oh, I got traffic.

So what do I do? How do I make money with that traffic? So I had to learn how to do online marketing, how to collect email addresses, how to find advertisers and sponsors and learn how to create products online.

I mean, all of this stuff was I just had to research more. And so that's probably the answer to the question is, you can't really learn this stuff on school, but with the Internet, there's so much available for people to learn.

And for people that are hungry, to learn, and to self educate, there's a lot of opportunity. Already folks sit tight, and we'll be right back on transacting value. Hey, y'all.

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I look forward to helping you create your custom item. You can't really learn this stuff on school, but with the Internet, there's so much available for people to learn.

And for people that are hungry to learn and to self educate, there's a lot of opportunity. Oh, yeah. Yeah. I agree. And I mean, now you talked about email marketing. Right? Business is my, I guess, preferred focus.

I wouldn't say my primary strength, but understanding that email marketing or marketing in general even 15 what are we at? 20 22, call it almost 20 years ago, wasn't really a mainstream thing either.

Let alone sending emails. Right? It was still direct mail. It was still maybe even phone calls or soliciting via I don't an answering machine. But Now look at Twitter. Look at the entirety of the web 3 marketplace. Right?

They're democratizing I say they, but companies are democratizing the Internet to the point where those same methods are just enhanced and more convenient, I think, for people in our position, to be able to use them to our advantage but for consumers even.

People trying to get information, people trying to find services, people trying to buy product, people just trying to pass time and be entertained. There's so many options out there.

It's almost too much. I guess how do you validate the information you're evening especially when it comes to managing money, you know, you lose 5 dollars, maybe not the end of the world, you lose 500 might be a big deal that month.

So how do you recommend balancing out, you know, what you're hearing and what you're researching if you're doing your own homework?

Well, that is a really good question. Josh, that's really difficult. And it's important that people learn how to do that, right?

To validate the source of the information. And the reason it's really important is because you mentioned social media, there are a lot of gamers online now and a lot of finance scams.

So even if you're on social media, you might get a message from someone, and I don't know if you've experienced this, Josh.

But I'm on Twitter a lot, and there's a lot of financial influencers and people in the trading space that I'm in.

And so if I send 1 of those people a message, all of a sudden, I'll get a fake message from that same profile. And they're saying, hey, this is you know, whoever it is.

Well, 1 of the guys that I follow is Mark Mennermanning. He's a trading coach. Mhmm. So if I send Mark a message, all of a sudden, I get a robot, that says, there is not a robot a scammer that says, hey, this is Mark.

And it looks just like them. It's got the same thing, and it says sign up for my program, and I've got send me some money, you know, and people get taken by these scams all the time.

As a matter of fact, I got taken by a scam a couple years ago and me being a very smart financial guy that's online, very educated the financial space.

I felt like such an idiot. But if it could happen to me, it could really have to hit them, not that I'm better than anyone but I'm pretty literate online. I couldn't believe what I thought.

Yeah. And sometimes it's convincing. You just you just don't know. And now it goes both ways too. Right? So I've solicited in the past to try to get interviews or spots on other podcasts or just build notoriety or whatever.

But in support of this, right, And like we talked about earlier, it's a lot easier now than it was years ago, but still requires some legwork and generating some traction.

I'd say for every this is a rough metric, maybe hundred messages I sent out on various social media platforms. I might get 2 or 3 responses. The rest if I heard anything back at all was oh wait this was a a real thing?

I thought it was a scam. You know? I'm like, why why am I now guilty until proven innocent, you know? So it definitely works both ways. Yeah. But it it's everywhere. It's everywhere. Yeah. Yeah.

So I actually didn't answer the question but it's just because I thought about that scam. So I'll tell you what happened to me. And then I wanna answer the question about how you validate it because that's a pretty important thing.

So what happened to me was 1 of the social media person had a fake profile that looked like the company that I was dealing with. And they were were pretending to be a support person. And so they were masquerading support.

And I was having some trouble with my account. Uh-huh. So they sent me a message. And then they tricked me. They added really, they're like, we're doing some maintenance and we're resetting passwords.

And they tricked me into sending the password. Oh, yeah. And I should know better to do that and I sent the password and they drained my entire account.

And it was about 20000 dollars. I mean, it's an expensive mistake, but you won't forget it. Oh, man. It's embarrassing too. It's painful, embarrassing, just all around.

Yeah. Oh, I mean yeah. Definitely. But you I mean, frankly, having that in common with some of your customers, some of your clients, I think helps because you're not just saying things for the sake of saying things.

You're not saying it without research or backing or proof.

Like, this happened to you. Right. You know? So you This is happening all the time, and that's why you get all those messages because it worked. Yeah. And there's gotta be some some credit given to the credibility of these attempts too.

Like if you know what you're looking for, and you didn't catch it, then a lot of these might very well be plausible or believable attempts. Yeah. Yeah. Yeah. So validating your information is really important.

And in the trading world, 1 of the things you can do is you want to do a little bit of research So if you're gonna do it by a company, you wanna look and see who's investing in that specific company.

Right? And so there's public records out there that says, let's say, 1 of the companies that's very popular now is doing really well as Tesla.

Right? Yep. So I wanna invest in Tesla, I wanna research it. And I 1 of the things you can look at is who's investing in it?

And what we wanna look for is hedge funds for institutional investors are investing in that specific company, then that is a very good sign that this company has credibility because smart people that have a lot of money are investing in this company.

And so the hedge funds have massive research teams. You know, they spend millions of dollars on research.

They're accessible to these great research And so they're willing to invest in a company that's telling me that it's a space for investment, and I can kind of piggyback off of their research.

Bear? Okay. Well so then not to detract from your point real quick because you said there were a couple options to help validate and that was just 1 of them but 1 thing I wanna jump to real quick.

So Mastercard Adidas, Coca Cola, These are all companies that are even investing into Roblox, let alone the metaverse as a whole. MTV just bought into they're marketing on Roblox. Like these large brands are buying in.

So is that is that our first level indication of, okay, there's some potential here. Let's do some more research. Definitely because they are now you know, these companies have money, so they're using that money to make money.

They're investing. So it's their publicly disclosing that they're taking in position a company, that is a good sign because they're the same way.

They're not gonna use their money foolishly. Another company that just did that was Tesla, they bought an insane amount of bitcoin. Mhmm. Right? And so I mean, Tesla, if he's I don't know how much he bought, but it was in the billions.

Substantial. That's what putting that much money in in bitcoin. Well, maybe that's something I should be looking into. What other smart people are putting their money in there.

Another really important thing in this investing world is to look at new technology -- Mhmm. -- and understand that new technology is a game changer, and that's a great thing to get in on.

Okay. So let's go back in time and look at some of the great investments of new technology. If we go back and look at the early 1900 when the cars were starting out, At that point, when Ford was getting started, you got started in Ford.

Right? So it's the new technology. If we look at electricity when electricity was starting out, you start with general electric, right? That's a really good investment.

In the 50s, when Mcdonald's basically invented the fast food industry, right? When fast food was getting started, you invest in McDonald's. You know, the Internet, when the Internet is getting started, you invest in Apple or Microsoft.

Now those are great investments. And so now that's why I look at, like, again, I mentioned Tesla, Tesla's electric vehicles with new industry.

So you look for a new industry, but then you also the next thing that you want to validate it with is you always want to look for the leader.

Because usually the leader know, in life, there's what they call the pareto principle, which is the 80 20 rule. Then that says that 80 percent of your results are gonna come from 20 percent of whatever it is.

So there's always a small percentage that always outperforms the rest. And there's usually 1 that is head and shoulders even above the second place.

So if you're gonna be investing your money, you wanna invest in the best. And so I'm always looking for a new industry and I wanna invest in the leader of that industry.

Sure, especially early on if you can time it. If you can, but the thing is you don't have to be super early because, usually, these new industries, it takes time for them to develop.

And everybody doesn't jump on board right away. Right? So like cars, there were the farmers and the other people that wanted to ride horses, they were not interested in cars.

Mhmm. Right? Yeah. Every new industry has people that are pushing against it because it's new. You know, it took a while for the Internet to get total adoption. And so it's happening at a faster pace than what it used to.

In today's world, everything's 10 times faster than what it used to. Yeah. And it's still slow even crypto, you know, crypto still relatively early, bitcoin, I think, is 15 years old. And I I still say that that's early.

I mean, it's still just getting started. Oh, yeah. Well, I mean the impact I think of the respective change, the greater the impact, the longer amount of time it's gonna take to adopt. On a mass scale.

Right? Like you said, McDonald's revolutionizing the fast food chain industry as a whole for the sake of convenience it didn't take that long for things to change because it was sort of the order of operations and processes.

Other brands to pick it up and take off with it, obviously, we're gonna take time.

But the process changing didn't take long to adopt. It spread pretty quick in terms of overall acceptance but the internet Changing the way people communicate conduct commerce, educate themselves.

Almost every aspect of society got permeated and that took 25 to 40 years. All things considered because of that cryptocurrency or like I said this web 3 aspect and this democratization of these processes.

All things in 15 20 years so far and I think it's really just a small sliver of the world in comparison to the total population who could use it effectively are using it now, effectively or otherwise.

Exactly. Yeah. So I I totally agree with you. It's gonna be some decades, I think, before it, it gains global traction to that scale.

But maybe only another 1 before it becomes more mainstream in terms of simplifying the processes ability to adopt and scale at an individual consumer level so it's not so convoluted maybe.

But before we get into a little bit more of that, let's take a break for a couple minutes.

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Alrighty folks. Welcome back to transacting value talking with Casey Stubs. All about everything investing but more specifically how to manage your money from a values based perspective. How do you teach other people?

To identify their values and wear best to put their money and then also realistically, more importantly, how do you teach it to your kids? How do you explain the value of a dollar to somebody that frankly isn't using dollars anymore?

They're looking at new and emerging tech and they're looking at whatever the industry is they're interested in, gaming or or other things. We'll dive into that in just a second. But first and foremost, Casey, welcome back, dude.

Thank you. Yeah. No problem. So when we closed out before the break, we had just finished talking about how you validate sources of information so you can make a better decision where to invest your money.

Ideally, so your money works for you not maintaining your lifestyle but to make it better for you whatever that means to you. Right? Looking at who's investing in whichever companies you think are important.

Which technologies are emerging? Which ones have the most potential? Who are the leaders in those respective sectors. And 1 of them that I think if we didn't touch on it, we'd be missing a huge opportunity here.

Is Roblox. We brought it up a little bit earlier on, but I wish I had the statistics in front of me. I didn't think to pull it up until right now, but Something like 1300000.

0 users. Some may be bots. Got it. Some may be adults. Got it. But a lot of those are kids. MTVs marketing on Roblox. All sorts of gaming developers, companies, you can custom design clothes.

The biggest piece I think that we need to touch on though for this perspective is if kids are using robots that they're not earning I'm not talking about through chores.

Here's a Robox gift card. I mean, in the game, you upload the the card, upload the information, you spend the Robox, you do whatever, How do we as adults?

How do you recommend us as adults? Teaching the value of a dollar when our kids aren't spending dollars anymore?

That's a really good question Josh. And, you know, both of you and I have to deal with this directly because we were talking our kids are both using roadblocks.

Yeah. And my kids are always asking me, like, it's definitely hard for me to understand because my kids are like, dad, I want robots.

And I'm like, do you want a toy? Mhmm. Do you want, you know, something real? Yeah. You know, do you want money? No. I want robots. For me, it just blows my mind, and I look at it.

And then for people that aren't familiar with it, because I'm sure not everybody is, Robox is a game where kids play And I guess in the Metiverse, they play with other kids. And then when you take robots, it's like buying an outfit.

For your character in the game and -- Sure. -- you set it up. And so you're spending real money to address your character And the thing is the game is totally free, which I'm thinking at first, my kids say this is a free game.

This is amazing, awesome. Great. Go ahead and play this free game. But then in order to buy, like, the newest outfit or whatever, you gotta pay money.

And so for me, it's hard for me to teach those values that you're talking about when I don't even understand why you would wanna pay money for an outfit in a video Yeah. Right?

Because, like, I wouldn't spend 10 cents on the thing. Yeah. Right? To me, it seems like the biggest waste of time in this I mean, It's just this is how I initially looked at it because it's like, why would I do that? Because it's free.

Initially, I'm thinking, oh, what this if I spend money, does that, like, give me more strength? Can I like jump higher? Can I shoot faster? Can I -- Yes? -- win the game? Now that I'm saying, no. It doesn't impact the game play at all.

It just makes you look differently. Yeah. And yet, the amount of money that's being spent on this is phenomenal. Yeah. Well and that's the thing. Right? Like you don't have to get the adults that are playing.

You don't have to get the adults that aren't playing, but you can totally get the kids that will become adults that will have the money that will pay for nostalgia 10:20 years from now.

It's the long game. Right? There's short term investing considerations here.

For corporate entities and maybe even personal investors in those companies, shareholders, whatever. But overall I think the real money is gonna get made in this particular platform once these kids grow up.

Interesting. Yeah. Yeah. And, you know, this is kinda goes back to the previous conversation when you're talking about emerging technology and things that are new.

Uh-huh. I would consider this as being part of the metaverse. Right? It's where you're experiencing life inside of a video game and you're having interactions that are not in the real world, but they're in the digital world.

And there's still real interactions into these kids that are growing up in this it's a really big thing.

And I think it's important to them, and that's why it's see, it's important to them because they understand it even better than what I do.

And that's why they're willing to spend the money on something that's not tangible and real, whereas you and I might not understand that as much.

But that's something that we could really be looking at as a future investment because I think the future for this quite substantial.

Oh, yeah. But I mean, to your point, these are real interactions. Just the setting change, the environment change. Right? So Kids are still experiencing rejection.

They still have to identify risk aversion and conflict resolution in varying capacities and scales and scopes but it's still there and it's present. Right? Or getting social feedback. Like, I'll play this game with my friends.

No. I we wanna play these games. You know, like, well, What about the games I wanna play? Or maybe in the game because it's a for anybody unfamiliar, it's a platform with a bunch of different little sort of games on it.

So you can play a bunch of different ones. Yeah. And you can come and go as you please. You're not dedicated to 1 for x amount of time.

Right? Leave it whenever you want, play a different 1, whatever and the developers get ratings. They get feedback to understand maybe I can make this a real blown up RPG game or something in the future.

So that's sort of the premise but but yeah kids are still learning these social stratus considerations, you know. So do you see Casey, the I guess value of teaching values even for a digital environment?

So there's some really big lessons there, Josh, and 1 is the financial training. Right? Is teaching them how to value money and how to spend it properly. The other 1 is the social and emotional connections and social experiences.

So you just mentioned that. And when you did, it immediately brought memories that I had almost not thought of because my daughter You know? She likes to play these games and she comes out 1 day and she's just crying.

I'm like, what's wrong? And she's like, she plays this game called adopt me. Oh, yeah. I play that. And they like, I don't quite understand the concept, but they have these pets and they traded.

So she had this really good pet. She was supposed to do a trade with someone. And she gave someone her pet, and then the person ran away, and she lost her pet.

Yeah. And she's like, he stole my pet. And he said he was gonna do a trade with me. Yeah. And she was, like, devastated. Like, I mean, really, really upset. And so I had to, like, this is a great teaching moment.

You know, well, you know, if if you're gonna give someone you don't know your pet, you need to make sure that you're gonna get it back and you, you know, why would you give this person you don't know your pet and all this Oh, all the way up to let's talk about collateral.

Let's talk about securing your investment. Let's talk about negotiations.

You know, yeah, and anything in between. Sure. Right. Right. And, you know, you had mentioned the conversation that we had previously about your son, how it was important for him, to be perceived that he wasn't being poor.

Oh, yeah. Yeah. By having a certain outfit. So, you know, this is another thing that kids think socially, like, not spending money on roadblocks, then they're gonna think that that I'm cool.

Yeah. Yeah. So for everybody listening to bring you back around, So I play Roblox most every night and that's how my son and I, that's like our thing.

Right? Since we're long distance. Well, varying games, but all of that side, we were in 1 of these games and he and I are talking on the phone as we're playing.

And he said, daddy, you need to get some robots. We because I don't you you don't have to pay for anything in there.

There are some free opportunities, but if you wanna do better, be more accepted, whatever. Well, then you know, money talks. So but I do it all for free. And he said, dad you need to get some robux and I said, no.

I don't. That's fine. Is it what you do? Why? What? Tell me what? He's 8 now. And I said why? Tell me. And he said because you need to upgrade your skin. That's your clothes, your costume.

Right? It's your skin. So you need to upgrade your skin. I need to upgrade it. Why do I need to upgrade it? What's wrong with the same blue shirt and black hair and whatever I've been wearing for the last year?

You know it's me. You know? He said, yeah. But if you don't upgrade your skin, people are gonna think you're poor because you're wearing the free clothes.

So everybody's now on the same page. That's what Casey's describing since we talked about it earlier. But, yeah, you're exactly right, man.

Like, All things considered something that I've been realizing over the last probably year year and a half that I really just built any familiarity with anything online since I don't know, myspace is that everything in real life humans interpreted and then reimagined into a digital environment, but it's still human made.

So it's not super sci fi. It's not way off the mark. Like we just discussed, there's still a social aspect of being human in cyberspace.

But now we've got all these little 8 year old cyborgs running around where, you know, physically, they're on the playground, they're at home eating dinner, but mentally, their brains are zeros and ones.

And that's how they're starting to view the world, you know, like Like, we may see it, and this is my opinion here, Casey, feel free to jump in.

But we may see this as this is a real world that I can sort of see parallels in a digital environment.

The next generation is looking at it like I've totally experienced this in, say, Roblox before. Oh, that's why it's happening this way in real life.

You know, the tables turned. The perspective has shifted. It's crazy. Wow. Yeah. Like, here's another example. 19 80, whatever it was. Teenage Mutant Ninja Turtles came out. I'm pretty sure it was in the eighties.

They made, I feel it's a safe bet my next entire paycheck that when they first came out compared to the last 30 years, time being relative here, but over the last 30 years, since they stopped becoming a new product. Right?

They just reimagine new design, new movies, whatever, but it's still just same teenage mutant ninja turtles structure and concept have made more money from the kids when they first came out who are now adults as they grew up off of nostalgic purchases, off of movies and themes they wanna share with their kids and whatever, what are our kids gonna share with our grandkids?

Roblox skins, NFTs, cryptocurrencies, you know, like, I remember when Bitcoin was under 30 grand young whipper snapper. You know, like, What are the stories that come over then?

Matter of fact, there's a gaming company called DCentral Games or DCentral Gaming, something like that. They're a Metiverse company. Right? But basically they make these games where you can participate and and do whatever.

They have a game that just came out card playing poker. That's it. You walk into this establishment, basically set up like a casino as a digital avatar and you can walk around free to get in, no problem.

But if you wanna play, you have to use an NFT. This is a crazy thought. I just learned this this morning. You have to use an NFT, either that you own or that you rented from somebody who owns it. That's a wearable article of clothing.

So it's a digital trading card with a picture of a jacket for example. And if you wanna sit at the table, you've got to show you've got that card or you've leased it or rented it from somebody else to sit down and play poker.

And then the in game current that you get, you can cash out for stable coin. You can cash out for cryptocurrency. So is the NFT like an identity rotation piece to show that you're a real person.

Sort of like an access band to get into a concert, you know? It's it's just a trivial thing that's like okay you're wearing this respective NFT you've got this access band this wristband come in and play.

Yeah. Yeah. I only own 1 NFP, and it's worth nothing. I created it myself. I man, trade it to me. I'll buy it. Like, you know, I don't know what's gonna be more valuable or not.

But in my opinion, if you focus on the process or the concept, that's probably gonna have some longevity. And then the underlying supporting network and infrastructure that's being built, probably gonna have some longevity.

Right. Is is that 1 pick sure of a troll doll or a a seahorse with blue hair are gonna do anything for you? I don't know. Who knows? But again, it's that whole nostalgia thing that you mentioned Yeah.

So if there's some nostalgia connected with NFT and there's some utility to it like you need it to get into a poker game, you know, it's part of a special collection that's very unique and those collections are used for something.

I could see that.

You know, the nostalgia thing is really big I don't know if it's always been that way or if I'm just noticing it. But, like, you know, you mentioned the Ninja Turtles, that's a big 1, you know, stuff that people grew up in.

You know, Star Wars fans are really big in it -- Yep. -- to nostalgia. They play it like, you know, you watch the new series on Disney plus, they all just feature the old stuff, and they do that because it gets good rating.

People love them. So Alrighty. Folks sit tight and we'll be right back on transacting value.

Hello, everyone. This is Cassie Baez from the podcast, adulting 01:01 with Cassie Baez. I wanted to share something with you all today. Before we jump into a new episode of the transacting value podcast.

If you are a young professional or a recent college graduate, who was looking for additional content on life, specifically how to survive adulthood, then come check out adulting 01:01 with Kasby bias.

We teach all about different types of life topics from how to find a job to how to cope with family pressure to get married. Have a survive getting fired, how to file your own taxes, how to rate your first apartment, and more.

Check out the podcast adulting 1 1 with Cassie Bias at caspie Bias dot com slash podcast. That's CASBYBIAS dot com slash podcast. Alright. Now let's get into today's episode.

Hello, everyone. This is Cassie Baez from the podcast, adulting 01:01 with Cassie Baez. I wanted to share something with you all today. Before we jump into a new episode of the transacting value podcast.

If you are a young professional or a recent college graduate, who was looking for additional content on life, specifically how to survive adulthood, then come check out adulting 01:01 with Casi Baez.

We teach all about different types of life topics from how to find a job to how to cope with family pressure to get married.

How to survive getting fired, how to file your own taxes, how to rate your first apartment, and more. Check out the podcast the building 1 1 with caspi bias at caspi bias dot com slash podcast.

That's CASBYBIAS dot com slash podcast. Alright. Now let's get into today's episode. What would your grandparents say about troll dolls? Like, this is just plastic.

You made this for 2 set sunglasses. Now they made that for 3 cents. What do you Who cares? Why why would you spend 200 dollars for that? Yeah. You can hold it. That's the difference, but the perspective's the same.

You know? Like, Yeah. It's pretty crazy. But before we get too far carried away, I think we could carry another episode on all this as well. Yeah. This is actually a lot of fun. This conversation goes everywhere, but it's a lot of fun.

Yeah. This is shaping out to be a good 1. But this does bring us to our last segment of the show. It's called developing character developing character. Ready to play? Yes. Alright. Here's how it works.

We've got 3 questions. Essentially past present and future, but we're talking about your value system as you view it present day. So question number 1, you answer to whatever depth you feel comfortable. Question number 1.

How do you now view your values, let's say as a teenager, adolescence x amount of decades ago. Well, for me, a lot of the things that I was really valued when I was young was experiences doing things accomplishing goals, having fun.

You know, I would do a lot to go out and have a good time. So experience was a really important value to me when I was up.

So okay. Question 2. What about now? What are some of your values? So now, experience is still up there. You know, I like to do fun things. I like to make new memories. I don't wanna always look back at the old ones.

I wanna make new ones, you know. And so experience is a very important value, but also relationship you know, as far as my core values from when I was a teenager now, they really haven't changed much.

I'm was really fortunate that I had family that really taught me these things, whereas a lot of people don't have that. You know, my grandparents were great influence on me, and they spent a lot of time with me.

And they were very purposeful. Like, they would purposely take me on hikes in the woods My grandmother would take me on hikes, and we'd have picnics, and we'd do that on a regular basis.

That had a big impact on me. And, you know, my mom and dad did a fantastic job just prioritizing our relationship. And so those values have carried forward to me now, and it hasn't changed much.

I mean, I think the biggest thing that's changed is my awareness. You know, as I've grown older, I now understand a little better, and these things like, oh, wow.

My parents did this. For me and it's really impacted me much more than what I have to realize. And so now I want to continue to prioritize relationship.

And, you know, focus on developing those relationships with my kids and friends. Yeah. Yeah. It obviously becomes more easy to identify as you mature a little bit and and observe that.

But just for the sake of tying these points together here, the money was made on that initial investment of injecting the values when you were a kid.

Now with you as an adult. Right? That's a long term value investment that you can make in your family as well.

To start talking about those things or actually, I heard a quote. I can't remember who said it now off the top of my head but kids will learn more from what they see than what they hear.

You know? It's so true, Josh. I'll tell you this. That's a great point. My dad is the big influence on me, and I honestly fully cannot remember a single thing that he ever said to me.

I can't, but I remember what he did. Yeah. You know? And the thing is that he would show up to work every single day, and he just never missed work.

Yep. And he was just reliable. And, you know, that work ethic that he had, he didn't have to tell me to show up to work, but I just automatically picked it up because that's what I thought.

Yeah. And I think that's a lot of the disparity that you run into and some level of dissonance that you run into in long term relationships, parenting long term.

Parenting long distance because kids don't see that. Yeah. You know? Yeah. And you should know better I told you this a hundred times. Okay? Right. I didn't see it, so I don't know what to tell you. Yeah. And you know what?

They don't wanna listen to you really. Yeah. Like, I mean, that's the thing is my kids, if you tell them a little sermon or whatever, they don't wanna hear it. No. Not at all. And they really They want you to demonstrate Oh, yeah.

And well, that's the thing. Like, is it really any wonder that our kids aren't finding value in the ability to actively listen when we may not be actively listening to them saying, I don't hear what you're saying.

Well, I go. Well, I'm gonna continue telling you then, you know, like, maybe it does start with us.

I honestly think that, you know, what you're doing by spending time playing with your son in Roblox, you know, that is a big move that's something that he's gonna remember because you took the time to show that you were really putting him first by playing with them.

Hopefully. So, like, that's a big deal.

Like, that's a long term move, and he's gonna remember that. Yeah. Hopefully. We'll see what comes of it but while we're talking about the future question 3. Casey, how do you see your values or value system changing?

Over say the next 20 years? Well, I think it's important for us to look at legacy. Mhmm. You know, the legacy that we wanna leave And when I told you I had that living forward life plan -- Yep.

-- at the heading of every category in my life you plan it out as if you're at your funeral, and you're overhearing what people are saying about you at your funeral.

Right? And so you architect your life in such a way that you're planning it for the endgame.

Like, so what are people gonna say about you for your funeral? And I just think that it gets more intentional as you get older because you understand how important your relationships are and the legacy that you're going to lead.

And the biggest thing that you have is your time that you're going to invest in other people.

And when you take that and you invest it in people, they're going to remember that and it's going to have a big impact And if you do it for 1 person, you invest in them, they're going to do it for someone else, and they're going to do it for someone else.

That's really how you lead the legacy. Not by your great accomplishment. It's not about all the great things you do, but it's the people that you touch and impact along the way.

Well, that's the time tested measure of success, I guess. Right? You start with the end in mind. Yeah. On a macro scale, I guess, that's exactly what that means.

But I appreciate you playing developing character now for the sake of time. If people want to reach out to you, if they wanna listen to your podcast, if they want to join you for a seminar or q and a on your website.

What are the social media formats they can reach out to you on email, websites, how do people get in touch with you?

Well, I have a website and it's designed for listeners of people that heard about me on this podcast. It's creating strategy guides dot com forward slash podcast.

And if they go to that link, they can connect with me on any of my social platforms. And I also have a free guide to teach people how to read chart patterns if they're interested in trading the market.

And so you can connect with me on Twitter and social and also get a free gift on how to trade chart pattern. And that's trading strategy guide dot com slash podcast.

Okay. And you said you're on Twitter. What other social media platforms are you on? And then how do people find you on them? So on that main link, it'll have it on there, so they'll see it.

But if you did want to on Twitter, I'm just Casey Stub. Just first and last name. And on LinkedIn, on casey underscore stuff. And those are the only really 2 socials that I have. Okay. I'm on Facebook, but I don't use it very much.

Alright. Yeah. No worries. So for all of our listeners, we'll tag at least for Twitter because I'm not on LinkedIn, but we'll at least tag Twitter profile and we'll make note of your LinkedIn as well plus your website.

So everybody listening to this, you can find that information there as well. And you'll be.