Author: Tarekin28-_QQ

There’s people who question at times whether I work for Epic or I work for Cullen. And that’s the way I think it should be. I’m providing a service to them and I need to understand their business as much as I can.

It’s literally millions of square feet and it’s all different kinds of things You have auditoriums. You have teaching classrooms. You have high tech conference rooms. A campus is the best description We were really struggling with what’s the next great thing to do. This building is called as a double entendre Deep Space. Deep Space being deep underground and Deep Space being the farthest that the Hubble telescope can see.

The structure is amazing. We have beams that are 278 feet long and 24 feet deep over our heads here as we sit in this theater. It turned out that the easiest way to construct the roof was to build it on the ground and lift it into place 70 feet. It happened to be one of them fall days where the temperature dropped to like 18 overnight. So in the morning it was everybody is all excited to go and we went “uh!” and all the hydraulics were frozen.

I remember getting there. All the pumps were frozen. And there wasn’t, it was almost as though, “Well the pumps are frozen. That’s a minor incident.” And so guys were running around with blow torches and literally, you know, making ice into water. And “bump!” off we went. I think that’s a good hallmark of Cullen too, that they thought the pumps frozen was a minor obstacle, and off we went. It was just amazing. If there were five days in my architectural career that were amazing, that was certainly one of them. The euphoric of, you know, we really accomplished this. I mean those are the wins. Those are the successes. Those are the things that you gotta have on the interim throughout the project. What we really should do is put on a rock concert in here. It would be awesome. The sound system is amazing.

Welcome to commercial and industrial wiring and safety EEM 166 developed by Mary Anton and Jeremy Morris From Aiken Technical College collaboration with Clemson University. Through the generous support of the Assist Grant Dedicated to open source learning. This course is designed to provide learner with the information that they will need safely work with and around commercial industrial power systems. This course has been designed as an open source document meaning that the information is free to share under the Creative Commons copyright. More information is available at the end of this text.

EEM 166 commercial and industrial wiring has been divided into 11 sections. The flow of the course this meant to reflect a full process from the ground up. Meaning start of a build project all the way to machine operation. We will begin with safety and construction print reading. Then install the conduit race ways. will take some extra time to discuss the “how-to” with bending conduit befor we investigate raceways a little bit more. With the raceways in place we will size up our wire and work out the power needs for the panel or disconnect or fusebox.

Then we pull wire after the wire is in place will spend some time connecting the control wiring and the control system. We will examine special needs for electrical pneumatic controls as well as load calculations for lighting and inductive loads. By the end of this course you can expect to be considerably more knowledgeable you will be able to perform lock out tag out procedures identify symbols instructions on electrical drawing select, manipulate, and install conduit analyze and select conduit, wire, switches, and receptacles for a given circuit, interpret the wiring diagram to select the appropriate terminal blocks wire size and color. And then connect the control panel examine a power diagram then select needed items to connect operate control circuit for pneumatic system calculate load requirements for small commercial facility welcome to EEM-166 commercial and Industrial Wiring.

I was really lucky to invite, a top performer, real estate agent. You are probably very familiar with his name, because you will see his name everywhere, especially if you see a commercial shop. On the front gate, you will see his name. Let me tell you, he is Michael Chen, from James Law. Michael is a top performer real estate agent. He has over 10 year experience in dealing with commercial lease and commercial sales. And recently, he also involved some large development projects. So he’s also specialized in apartments, and sub-division, sales, etc. Let’s welcome Michael. Thanks very much for your time today.

– No, that’s okay.

– Michael, can you give us some introduction about what you are doing, and what you have achieved so far?

– Okay, my name is Michael. I work for a firm called, James Law Realty. So, I’ve been doing real estate since 2009, so it’s almost 10 years. So when I first start, the market was at the bottom, you know, so now is not the worst time. I think now is quite a good time actually. So, I have been dealing with commercial real estate for a long time, and I’ve managed to help over 100 commercial landlord, to find their tenants and secure the lease. I think I am quite specialized, in the commercial property area. For the past few years I am heavily involved in new development such as hotel, apartments and sections. So, you know, for the past few years, quite good. Now, it seems to have slowed down. Now, I am back to my commercial boots.

– Yeah, I’m sure you are very specialized in your industry, because I heard you have just written a book and become an author.

– Can you tell me a little bit more about your book Michael?

– I think I’m the only Chinese one who wrote a book.

– Wow! Very well done! It’s written in English, is it?

– Yes in Simple English.

– Yes, very good.

– The point of this book is just to, tell all the audience that the experience I have been receiving, for the past 10 years, selling real estate. Tell them how to, things like, doing staging for good marks, how to do your own market research for your own property, how to run your open home, if you decide not to go with an agent.

– You will find a link in this video below. Thanks Michael, I really impressed with that book. A lot of people actually underestimate how much work a real estate agents put in to get that result. Some people even use their friends, just do them a favor, but in fact, that it’s actually a professional service. There is a lot of expertise involved.

– The cheapest agent, will cost you the most.

– Yeah.

– Okay. –

So, like you said, there is a lot of of work, involved in our work.

– Yes. So I think when you have a particular client, it would probably take a couple of months. But, in fact, to get to their results, they actually require many, many, years experience. So you can’t just judge their fee, just based on how much time they put in. They actually. Their specialty, their experience, that they are actually buying, so, that’s a really good point Michael.

– Okay Michael, the reason. I invite you to this show, is because recently. I had a lot of enquiry about purchasing commercial property. I guess, part of the reason is, there is so many policies that came out recently, that includes foreign buyer ban and brightline rule. And lots of them are, actually against buying residential property. But, at the same time, they actually could commercial property. So people are thinking, maybe it is a time to think about our terms of investment. And also, you know, residential markets have plateaued at the moment, so people doesn’t see the growth So maybe commercial is a better choice. However, there is a lot of people actually had less knowledge about commercial property. So, in today’s show, I just wonder if you could share with us, what is the main differences between a residential property and a commercial property.

– Yeah, sure. No problem. So the big difference, just like you said, people think the residential property is going to be flat for the next few years. So now we should change our focus to high yield property, so that is my first point. The cash return, we call it the yield return, for the commercial in Auckland For a million dollar property, which is the original house price in Auckland is about 5% to 5.5% Net Yield Return. However, if you spend, one million dollars, buying a house in Auckland, and you take out all your expenses such as body corporates, management expense, maintenance etc. It is about 3% at the end of the day. So compared to residential, commercial will give you more cash return annually. It’s about 5. So that’s reason one. The other reason I want to share is for residential, there are too many rules at the moment, government is putting too many regulations, such as you have to install, what do you call it? The insulation maybe air conditioning later on. Okay, they are too many rules. With commercial property, there is only one disagreement. And the tenant, they pretty much look after the property by themselves.

– So, for example, there’s a toilet broken in a shop, who do you think will fix it? The tenant will fix it straight away. With commercial, like two bedroom unit, they will call the property manager, or the landlord, to come and fix for them. But that’s the difference. Residential, involves a lot of your time, effort to do the maintenance and management. But with commercial, there is a lot less management. With the time you save, you can do other things. You can try to do another business, which is also very important. Okay, so, with tenant, we know, For example, a two bedroom unit or a apartment in the city, in Auckland especially, the occupancy rate, is so low at the moment. So, they’ll be two weeks out of the year, it will be empty but the rest there will be tenants paying the rent. This is very good for the cash flow and the certainty for the bank point of view. With commercial, they are a risk for a long period of occupancy falling through. So there’s a risk for your client, for the buyer to take into account so when they are thinking of purchasing commercial property. And also, with tenants, commercial tenants, tend to sign longer lease, like 3 years, minimum 3 years. Quite standard. But with residential, it is one year lease, one year rent, so after one year, they can decide to extend another 6 months or they can just move without paying any, what do you call it, letting fee. So, tenant no longer pays letting fee. There’s no area for them to shift around, so this is very bad for the residential landlord now. Okay so with funding. I think Connie knows well about that, so if you want to buy a commercial property, the funding requirement is higher than you buying a residential property. Alright, so we need a better cash flow, your background must be stronger, you know before you can buy a commercial property. So anything you want to…

– Excellent Michael. Thank you for your insights. They are really, really valuable. What I take from what you just said is that, commercial definitely has it’s pros and cons. The advantage, I guess, is about longer lease and better yield and also landlord doesn’t have to be involved a lot in terms of maintenance. So they are really, really good for people who are after a cashflow and busy with their life and other things. So that would be a really good choice And also at the moment, with the residential, there is a lot of changes, in terms of the tenture rule and the capital growth, it probably is better to diversify their property portfolio to add a commercial property. But on the other hand, I also heard what you said about the cons, which is the disadvantage. They are maybe a high deposit to purchase, we can discuss the next topic, in terms of funding for commercial property. And also, just bear in mind, there may be a long vacancy period. So Michael, just in terms of vancancy. From your experience, what is the average vacancy period?

– It really depends on the location. A lot of factors, location, size of the property. I think most likely, the timing. Because there is no such thing as bad location. Bad shop, I mean, some tenants stay there for long period of time, 20 years. Then the tenant leave, they take the landlord two years, to find another tenant, maybe, so that tenant will stay another 20 years. So it isn’t really about how long the vacancy period is, it is really about the timing, and how you present your property. You have to do it alright, in order for the new, the right tenant, to show up. I mean, just don’t miss out the right tenant, if there is one. Okay, so the commercial leasing agent will tell you how do you present your property, how do you negotiate your lease with a new tenant. Because landlord doesn’t have as much experience as we do. We study this pretty much every day but they do it, maybe, once every 3 years. They own big corporations, they don’t do as many lease as we do. So just talk with lease agent, give market feedback, how much your property can be leased, how long it can be leased for, something like that.

– Great! It’s really interesting Michael, because that is something I didn’t know. So, I saw some buildings, especially around my offices, they vacant for quite a long time but I guess, from what you said, if you look at longer term, if they sign a long lease, say 10 years, and some even longer. If you look at the next 10-20 years, the vacancy is probably not as big as residential. With residential, you probably get tenants in two weeks but every 6 months, or every 12 months, they leave, you have to make allowance for another couple weeks, so it all adds up. So, that’s why I really, just realized, from what you were talking about. The second thing, I guess, is just to let people know that if you are not familiar with investing commercial getting tenants is probably a better idea, to get a commcercial lease agent, to help you out. Yes, there will be a cost, nothing is free these days. But I guess this is about the return of your investment. If you can get a really good tenant, in the quickest way, then it is definitely worth the investment. Thank you so much Michael, and so much insight. I know there is still a lot of things we haven’t discussed. But as a first session, I think it’s really very insightful, very informative, to give the audience an idea in terms of, if commercial property is a good choice for their investment. In the future, we will invite you back, and we can talk about other aspects of the commercial property. Again, thank you so much for your time Michael. We will put your contact detail in the link below, so people can find you if they are interested in buying commercial or lease commercial.

– Welcome. Thank you.

– I hope you find it useful. If you know someone who is interested in buying commercial property or renting commercial property Please feel free to contact Michael to get expert help. Bye Michael.

I grew up on a small farm that I would go in the summer, and work, and help, and be around, and everything, and always loved it. And I always wanted something like that of my own and just finally get the right opportunity. There’s the same story to every bank, one day, anywhere from $250 to $350,000 down. And I said, “There’s no way we can do that.” We was looking on the Internet and found Live Oak Bank.They had real flexible financing, real down o earth people.

First guy I spoke to was Mr. Randy. I kind of told him what I had…what I was looking to do, what I was wanting to buy, what I was looking for. He tells me…he said, “I think we might can work with that.” They gave me a application. We filled it out. I was so excited because this is something that I had been wanting for over 10 years. And just seeing the progression of it along the way, see the dirt work start, seeing the chicken houses come up. And each little step of it, very rewarding knowing that we worked so hard but our work was paying off. It was very humbling to know that. Bank would put enough trust in us to go with us and help us throughout the process of building the farm and getting everything ready. The ability to start my own business, it has been definitely a life-changer for me.

Now, I’m going to be able to be at home and spend time with my family. Whenever I decide to retire, I will hand this over to them and this will be theirs. You need veterans that are looking to get into farming.

Dirt Every Day Extras go live every weekday on Motor Trend. On Demand here’s an example of an episode you missed last week this Dirt Every Day Extra.

I want to talk to you about buying a government surplus vehicle. There’s a company online called Gov Planet and they also have a sister company called Iron Planet. And what they do is. They take in government surplus vehicles put them up for auction and people like you can bid on them. Now what qualifies as a government surplus vehicle it’s pretty much anything that the government no longer needs and is no longer going to go to any of smaller outlying government facilities.

So it could be like an old golf cart, it could be this work truck. That’s full of a bunch of lawn equipment, a big old Deuce and a half two and a half ton truck Humvees. They have tons and tons of Humvees, because they’re getting demilitarized and they’re selling them off to the public. All the way up to giant tank hauling trucks go planet.com. They you basically have to go on you sign up. You get a number and then you watch the auctions.

They have different auctions coming up throughout the year and everything that you could imagine. The government has ever used they’re probably selling now. I’m pretty sure stuff like real tanks and jets and weapons you cannot buy through gov planet. It’s all kind of like the the more useful work trucks the Humvees. You’re not going to get one with a machine gun on the top and you can get a full variety of Humvees and all these trucks. Some of them are really beat-up because if you think about it. A lot of the guys in the military like their young kids.

Sometimes they’re a little rough on equipment and some of the vehicles are actually really really well maintained. I’ve seen vehicles with hardly any miles hardly any hours on them all the way up to stuff that is just destroyed, but that’s the cool thing about Gulf planet. You go there it has a full description somebody has inspected every one if the thing. Doesn’t run it says it right there. If it says it runs and drives, that is also there in the description. So you can get a chance to kind of look over all these vehicles and it’s not just vehicles. Here in Barstow, California, where we’re at it’s vehicle all over the country factories, all over the world. I’ve seen Unimogs in Guam and I’ve seen big tank haulers in Pennsylvania and tractors in Illinois and Texas and Wisconsin. They have so many auctions going on simultaneously.

All over the world that there’s probably something near you. Plus if you’re interested in it there’s companies, that will ship the vehicle to you. So you’re kind of buying these things semi sight unseen. It’s not completely a blind auction, because they have a lot of photos. It’s not just one blurry shot. There’s photos of the interior, the exterior under the hood and there’s a good description on every vehicle that you’d be purchasing. We are taking home this Humvee for an upcoming episode of dirt. Every day now the Humvees are really cool, because it’s got a diesel engine.

Iit’s got an automatic transmission, full independent suspension, portal axles. So they have a really wide stance. They’re really kind of low to the ground, but they have a lot of ground clearance and it’s kind of neat, because I’ve never driven a Humvee before. I’ve never really gotten to wheel one really hard and so in this upcoming episode of dirt. Every day which you can find on our motor journal or YouTube. We are going to build this thing and we’re going to take it out rock crawling and really see what type of abuse it can take.

The ATA Group: “Canopy has Revolutionized My Firm”

The way Canopy affects my day-to-day operations is that I start with canopy and I end with Canopy everyday. I’m James Watt. I’m the CEO and founder of the ATA Group, a small consulting and tax practice right outside of Kansas City. The ATA group is a CFO services strategic partner firm. We really want to help clients and owners of businesses chart courses to obtain the future and to obtain their vision. Canopy, for my firm, has not helped it, that’s an understatement, it’s revolutionized my firm because it gives me a platform to track what I need to engage and when I need to engage with my clients.

So I needed canopy to automate a lot of processes that I was either doing manually or in a OneNote document that I was having to clear out and reprint. I use the task templates and the workflow automation to launch new companies. Before Canopy, it took me months to achieve what I can now do in a week or two. If it is a simple LLC, I can launch it in a day because of what Canopy has brought to the table for me.

Canopy has allowed me to be remote and to work virtually because I don’t have to have it on a server and then roll it out to multiple workstations. It’s accessible 24/7, so regardless of where I’m at, I have my clients data at my fingertips anytime. Canopy has definitely helped me gain more clients. It has actually helped me land about $3,000 in reoccurring revenue and it’s actually growing. By the end of next month, it will be about $10,000 in reoccurring revenue. There’s not a day that I’m not in Canopy with my computer open. I have to have it to be able to be successful in my role.

I guess to summarize it, I can automate my processes that I have for clients more efficiently, more effectively, and in a quicker turnaround time, and it allows me and my junior associate a structured platform to just provide quality service.

Buildings have huge impacts on our natural environment and these impacts need to be reduced dramatically.

Excuse me? Can you make it short? Of course we can! Let’s start with some figures.

In 2050: We will still have ONE planet There will be 9 to 10 billion inhabitants 70% of us will be living in cities And spending 90% of our time in buildings. Oh… and by the way, buildings could by then be responsible for 50% of all carbon emissions if nothing changes. So, what can we do? We need to change the way we build renovate! And it has already started! More and more investors, architects, craftsmen, builders, and building’s occupants such as you and me… are crying out for comfortable and sustainable buildings.

Hum, well, well, any evidence for that?? Yes, here are a few facts:

The market for green buildings is growing. It represents one quarter of the total construction activity. And professionals around the world say this figure will rise. For construction manufacturers, it is a great opportunity, as the worldwide market for green construction materials is growing considerably. At Saint-Gobain, we believe we can be part of the solution! And we are ready to contribute to tomorrow’s sustainable building. A more transparent and collaborative approach. New sustainable technologies  materials. New business models for a decarbonized, circular economy.

And the most important … people at the heart of buildings cities. At Saint-Gobain, we aspire to be a leading player in the sustainable construction market. We believe we can be a partner of choice for those who want to build the future: by advocating for sustainable construction and by developing; distributing sustainable solutions. This is what we call our Sustainable Habitat strategy.

First we need to change our approach of construction, this is a major environmental and social stake.

2- Sustainable construction is a growing market. The major construction players want to catch this opportunity.

3- At Saint-Gobain, we aspire to become a leading player in this market by advocating for sustainable construction and developing sustainable solutions Saint-Gobain, a key ingredient in the wellbeing of each of us and the future of all.

To build the Gateway Spaceport in low-earth orbit we first need to first create a rigid framework, a structure. Before we can build any structure in the space there must be a financial structure down here to grow from. My name is John Blincow I’m President of the Gateway Foundation.

Today we will discuss our business plan. This year marks the 50th anniversary of movie 2001 a Space Odyssey. what the movie shows us most prominently are two key pieces of infrastructure: The first is a rotating spaceport called space station number five, suggesting that there are at least four more. The second is a massive moon base at Clavus and we’re hearing conversations amongst the characters that there are more such bases. These two pivotal depictions of off-world infrastructure show us a future where humankind has extended its reach well beyond our atmosphere and not just for a few people but for millions. This is the future we all want but not one we have pursued. As a young boy in 1968 I thought we would have all this by now or at least a plan of how to do it, but we don’t so in 2012 I started the Gateway Foundation.

In May of 2012 I was looking at an image of a rotating spaceport I thought why don’t we have these? The answer was one word: money, infrastructure sized money. So how do we get that infrastructure sized money? The government won’t do it they have way too many financial problems to commit to something like this even if they realized how important it was. After I reviewed the problem I came up with only one option: a lottery. Lotteries bring in over seventy billion dollars every year in America, 300 billion dollars worldwide. but where do the proceeds go? Schools, Parks and Wildlife, state roads, important things. The goal of the Gateway lottery will be 20% of the world total – sixty billion dollars. We may get more than 20% but we feel that’s a realistic number. Half of the sixty billion dollars would go towards jackpot payouts the other half, the proceeds, would go towards building space infrastructure – a spaceport.

By October 2012 I quit my job as a 747 pilot flying cargo at a Shanghai and devoted all my time towards this project. The Gateway lottery would be a dual priced lottery that will sell tickets online to any person anywhere around the world. The lottery would operate just like any of the lottery the big cash prize and offer about three draws a week. We don’t trust these computer generated random number lotteries so we would use the big plastic sphere with numbered ping-pong balls to generate the winning numbers. Millions of people would play this lottery for the same reason they play lotteries all the time – that jackpot prize in the window. But along with a traditional cash prize this lottery will offer a trip prize. This means that people who want a chance to visit this amazing spaceport could do so for a single lottery ticket. We aren’t the first people to think of using a lottery for things in space, astronaut Buzz Aldrin has been pushing the idea of using a lottery to offer trips to space for over ten years.

On November 25th 2012, I went up to Mojave where I met Jeff Greeson, President of XCore and told him about our plan to build a spaceport with a lottery, then I told them how every month four or five people will win the lotteries non jackpot prizes worth between two hundred thousand and four hundred fifty thousand. When I told him that, I looked at him and said “that’s a very interesting number isn’t it” and he said “Yes, that’s a very interesting number.” Jeff Greeson used to work at Intel and is considered by many as one of the most intelligent people in the space industry. Jeff saw right away how the lottery would not just send people to the Gateway spaceport but also help put thousands of people on suborbital flights. The Gateway Foundation lottery will provide a steady stream of people every month to suborbital operators by buying tickets on suborbital trips for non jackpot winners. The Gateway Lottery will also award trips to non jackpot prize winners in other areas of the space industry like high-altitude balloon rides parabolic flights and trips to launches. The Gateway Lottery could also support many other operations in space travel for instance, you can even have lunar or Martian trip prizes for higher payouts, all of this in addition to the main area of financial support to build a spaceport which includes billions of dollars for launch services Spacecon equipment, training centers for space con workers, and the list goes on and on..

How many thousands of new jobs would be created from all this funding is hard to say but the impact will be significant. Once we start this lottery habitable space will never be small. After the first spaceport is built then the era of space construction will become huge. Investors will see how SpaceCon can make money and many more will be built without using a lottery, just like when they spend billions of dollars building cruise ships every year. We believe the hub and the LGA will be the only large structures built in space using materials from Earth. The MGA, the larger ring built around the LGA will most likely use structural materials from the moon and nearby asteroids. This means that building this first spaceport will foster the formation of yet another important space industry space mining. Building the Gateway spaceport using a lottery will help many other industries but what about the people who want to colonize the Moon or Mars, will building the spaceport help those efforts too? Yes, more than anything. Remember that video of Peter Diamandis talking about space access? He talks about how when you get to orbit you have used two-thirds of your energy just getting to orbit, but then you can go anywhere.

With so many people going to visit the spaceport every year the spacelines that service it will fight for slots and the ones who can do it cheaper will be the ones who get more business, so every year the price for the most expensive portion of going to space will drop. How do I know this? The Los Angeles San Francisco air corridor is one of the busiest corridors in the world. Because so many airlines compete for business you get prices that middle-class people can afford. Once we build a spaceport in low-earth orbit we will have a base for true spacecraft to take people to other places much more efficiently. Earth is a powerful gravity wall that has a thick atmosphere that puts a lot of dynamic pressure on a rocket or a shuttle trying to achieve orbit. Spacecraft built in orbit to take people to the moon or to Mars could be built much lighter since they don’t have to pull 5 G’s at lift off or handle the high vibrations fighting through all that air. The first lottery monies would be to fund any tools and machines needed to build a spaceport: Bots, pods, and drones, arms and spacesuits, and of course the GSAL. Also, a large down payment for launches would go to SpaceX for BFR booster development. Building the Gateway would be an excellent project for SpaceX to develop its booster because as we’ve seen in the past many new rockets can face technical challenges. Should a booster fail launching a load of construction materials it’s not a big loss, you can quickly make more of them. Losing a satellite is far more expensive with insurance rates going up to cover the value of the loss. “it’s gonna be loud!”

Construction materials are far cheaper and easier to replace but the best thing is that a contract for building a spaceport would be a steady income for SpaceX. Other investors in BFR would see the reliable flow of gateway money and invest accordingly. To see such a massive space construction project going to development would give the whole world more confidence that the Golden Age of space travel was just around the corner. But the biggest impact would be giving the most important people in the world a chance to go into space: the middle-class people who paid for it. Every person launched into orbit so far has been on a vehicle paid for by the hard-earned wages of taxpaying people just like you and I, and yet, not only have we never gone up there are no government plans to take us up. To have invested so much for so many years without any personal return is not right it’s time to make that space technology investment pay off. We plan to build this spaceport with you as a tourist we want to launch. The Gateway LGA a will be able to handle over 30,000 people a year with ease after initial rotation. But who? Going to space is expensive. When we learned that a lottery is the best way that we can finance the construction of this spaceport, we decided to build into it a way for middle-class people to get there without losing their retirement fund. The first few years the lottery is running the Trip prize will give out a free trip about once a week. As the lottery grows in popularity it will generate more and more revenue allowing us to hire more construction crews and buy more construction equipment.

As we get close to First Spin-up the number of trip prizes will increase from about one a week to one a day but that’s still only 365 people a year. The number of trip prizes will significantly increase as the price of access to space drops more and more. The Gateway lottery is money outside of government control. This is good. This is important. …”but was once improbable is now inevitable. The time has come to look beyond brief encounters. We must commit ourselves anew to a sustained program of manned exploration of the solar system. And yes the permanent settlement of space. We must commit ourselves to a future where Americans and citizens of all nations will live and work in space. NASA programs are started and killed again again. This is because all their money comes from the government and as administration’s change so too does their mission. NASA’s money is tied to the US government, namely the presidency. This is why Wernher von Braun’s excellent plan of creating infrastructure in low-earth orbit and building our way outward to the moon was doomed. If it can’t be done in two presidential terms the NASA can’t do it. Not anything big. Corporate money has strings too.

When a corporation spends money it must make money, or the board will kill it. These people are often just looking to make more money from the start, and this can create a cycle of decisions based on short-term benefits while sacrificing long-term goals. The Gateway foundation will become a corporation, but with a rather unique set of owners. We call these people the Crew. Apple computers would be out of business without its clientele which buys its phones and it’s computers, The Gateway foundation is lottery is the same. The lottery ties the spaceport directly with the people who fund it. We can’t do this without you. So Warren Buffett’s best advice ever: “Take care of your customer” is something that’s written on our heart. And that’s why we have an A+ rating with the Better Business Bureau. First of all, I’d like to thank all of you who have joined our crew membership. Your help is making a big difference, you have joined an important effort and we are proud to have you with us. Years ago when the Ansari prize was going on. I was watching on TV with my father he said he should have gone up to Mojave and offered help their effort. My dad was a scientist, nuclear physics. His specialty was radiation scintillation. But Dad was also a builder, a doer. I helped him build a few structures and it was an amazing experience that taught me a lot about construction basics. when my dad said he wanted to go up to Mojave and help them it surprised me a little. I knew he liked supporting efforts to advance space technology but I’d never heard from the desire to devote his own time. The most important people in the world to the Gateway foundation are those who have supported this endeavour from the start. These are the people who have joined our Crew Membership.

Every year, Crew Members will be entered into a drawing, and one will be chosen for our free trip to the Gateway. This is not the gateway lottery trip prize, that’s different. As we get closer to first rotation, that number will increase from one a year, to ten year, and then more why? Because when we think of who would want to be at the Gateway with us we think of our crew. How important are the crew? When we hire we look at the crew membership first. If they’re competitive for that position they get first shot at it. Dirt side, or off world. When I work for United Airlines, they did everything by your seniority number. The date-of-hire determined who got on a jet going somewhere. Ground staff or pilot it didn’t matter, your seniority number got you on that jet ahead of everybody else. It’s the same here. Every Gateway Foundation employee gets a free trip to the spaceport, once. If they are hired to work at the spaceport that doesn’t count that’s work. The first thousand people who joined our crew membership are what we call the 1k. They will be entered into a drawing every year for chance to visit the Gateway free. Then there is the 10k of which the 1k are a part of. They too will have a chance for a drawing for a free trip ticket. So the 1k will actually get two chances, the 1k draw with odds at a thousand to one, and the 10k draw with odds of 10,000 to 1. As our membership grows we’ll have a 100k, and a 1M too with the same benefit structure. Someone asked how many Crew they’re are? Join our crew membership and then you will know. If you don’t like your senior at a number that’s okay all Crew memberships are 100% refundable. As the spaceport grows, we will increase the number of free trip drawings across the board of Crew memberships. Those odds are a lot better than playing the Gateway Lottery for a trip prize, whose odds are 290 million:1. This free trip drawing is created to give our Crew members a significantly better chance of visiting the space port they helped build.

As the foundation grows we will add more drawings for people who are NASA employees, SpaceX, ESA, JAXA, and more. Anyone who joins our Crew membership and works in the space industry deserves a chance to visit space. How can we afford to send all these people into space each year? Because nobody will visit the Gateway Spaceport until it’s operational. Once the LGA makes First Rotation, the spaceport will start generating revenue, and it can become cashflow positive. But the Gateway Lottery is still running, making billions of dollars a year. Construction will still be going on, but cheaper now that we are good at it and using materials from space not earth. Now we can use some of the lottery money to pay for trips to the Gateway for trip prize winners, Crew, employees, and more. Slowly we bump up the capacity from 30,000 a year to 50,000. Then we go up to 70, 80, finally a hundred thousand people a year, just as the big MGA ring is ready to be added. By building in sections and increasing capacity as sections are added, we will see revenues increased as the spaceport grows. As more and more people return from there visit to the Gateway with good reviews, the lottery will generate even more revenue. Who will own the Gateway Spaceport? You will, if you’re one of our Crew. Every corporation has an IPO. The stock is first sold to big investors who make a ton of money. Not here. Here, the first people to buy our stock will be our Crew. Crew members will have a chance to buy stock in the order of their seniority numbers, only after that will the big exchanges get a chance to sell our stock. The Gateway lotteries income must be 100% transparent 100% of the time. There can never be any doubt where every dime goes from the time that money comes in until it is spent on materials, launch costs, administration, or SpaceCon machines.

That money will be tracked and on display for the whole world to see. How do you legally start a lottery? The Gateway Lottery could be set up in any state that has the initiative process for legal change. Currently there are 24 states that have the initiative process and we would target those states that support this idea the most. Leading contenders are California, New Mexico, and Washington. The Gateway Lottery could also start outside of the United States in nations that are quick to see the huge benefits of hosting this important project first. When you learn how to build large structures in space what do you do with that knowledge? You pass it on. As we learn how to build, fabricate, and use many different machines and tools and spacecraft we will need thousands of people to be trained how to use that knowledge to create more infrastructure and build large vehicles to populate our solar system. At first this knowledge will be disseminated to universities around the world, but eventually an academy will be need to be built, where young people can attend at no cost to themselves so long as they work operating spaceports spacecraft or building things in space for an agreed period of time. We have lotteries all over the world, why not have one more that will build a spaceport and bring millions of middle class people into space. Nobody plays a lottery that does not want to. Each of us decides when we want to or how much. It’s all your choice. But if we don’t have this lottery then you don’t have this choice, and we won’t have a spaceport for a long long time. But the choice is yours to make, so I know that you will make the right choice. Crowdfunding as we know it today did not exist more than 20 years ago. In 2015 it brought in $34 billion dollars.

We must be open-minded about new ways to raise large amounts of capital. NASA director Wayne Hale said this at the Von Braun’s Symposium in 2015. Quote: “Two years ago I told you a historic tale about the building of the Transcontinental Railroad how that was a great technical engineering feat but the really impressive part was the creative financing and the organization that made it successful.” He goes on to say: “Two years ago I told you that we need to learn from that example, how to be creative, innovative, flexible, and hardworking, not just technically but financially and organizationally as well. So, let’s tally up everything that we would get from the gateway lottery: This lottery would not just build a spaceport, it would support many other industries like launch services, space lines, space mining, even suborbital operations like parabolic flights, and high-altitude balloon flights. It will be instrumental in the formation of a large space construction industry: building tools and machines like pods, bots, drones, and frame building machines. It will also build an academy for people to have careers working off world, and it will subsidize the free trips for thousands of people who support this program as it grows. Most of all it will bring together millions of people from all around the world who believe the humankind’s future should not be confined to one planet.

Space as an investment is likely to impact a number of industries: Morgan Stanley estimates that the revenue generated by the global space industry will increased at one point one trillion dollars or more in 2040 from 350 billion dollars in 2016. Bank of America Merrill Lynch sees the size of the space industry growing over the next three decades to at least 2.7 trillion dollars. They’re both wrong. If we start the gateway lottery then the Gateway spaceport will be built. Once we build the first space port many more will follow. We are now talking about tens of trillions of dollars by 2040 why? Because what we’re really talking about is real estate, and there’s a lot more of it up there than there is down here. Not just on planets and moons, but rotating spaceports and cylinders in orbit that are protected by the Earth’s magnetosphere just as we are down here.

There’s a lot of room up there. Let’s develop that real estate. Let’s start building space ports. Forming a space construction industry, building space ports and other infrastructure in space. This is where it starts. For the first time in history we have a choice. We can start this lottery and create a space construction industry, or we can continue to leave the decisions about our future in space to people who have other priorities. It’s now our choice, because it’s our money. Every structure on earth has a foundation. The Gateway spaceport will have one too. We cannot build this structure without you. You are our foundation, you are the Gateway Foundation. This show is not made for entertainment purposes, this is a plan to build the first rotating spaceport by developing the proper tools and forming a space construction industry.

If you’d like to help this important project, please go to the Gateway Foundation website and join our crew membership. it’s important. Also don’t forget to select the red subscribe button down below. Our next episode will focus on our proposal for the first commercial space construction project in history: The Von Braun project. So long, and see you next time.

So from starting out from not knowing how to draw porch beams to doing some of the jobs we’re doing now…

I’d say that’s pretty good progress..

Don’t you think? I think you did pretty good Ralph. So, when I first got started in this business it was around 2005, I started out working designing house plans, I always knew. I wanted to know how to design the blueprints. So when I did transition over to being a builder, I would know exactly how the plans are to be designed using computer-aided design software and it helped to speed up my learning curve.

I remember the one thing from that experience. It was when I was first learning to draw blueprints, I had missed up on one of those jobs I was drawing … I didn’t draw the detail of the porch beam quite right, so the guy I was working for at the time had the builder to come in to review the plans…. I was a draftsman back then and had to builder come in and was looking over to plan and of course I had gotten licensed by then….

But you know it’s totally green…

I hadn’t got my first project and I will never forget it because it was something that was used as a means to mock or make fun of the fact that you know.. Here’s a Builder that’s licensed but yet… Don’t know how to draw a porch beam correctly, I have come a long ways and everybody has a start from somewhere. Remember this. Just because you’re not where you’re ultimately going to be don’t let it stop you from going through all. All the struggles that it’s going to take sometimes. Its ridicule sometimes. It’s people making fun of you have a game plan to have a strategy look for the end result and know that you have to go through that in order to get the education. The experience that’s going to lead you down. The path it comes with the territory glad. I went through it’s helped me get to where I am today.