Why can having permanent funds can alienate you from your support?
In Ep #8 I was inspired by a passage I read in M.K Gandhi\'s autobiography on why having a reliable, permanently fixed and disconnected source of funds can actually be bad for you. It can make you lose touch with the public support that is essential to fulfilling your real, deeper, higher purpose. The V4V model is all about closing the loop and connecting with those people gaining value from your show/product/art, hence why boostagrams and streaming satoshis are such a gamechanger!
Mad shoutout to Kyle Hebert for the boostagram and Adam Curry for the intro jingle. Very much appreciated.
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Hey, hey you handsome devil, andwelcome to Episode Eight of the value for value podcast, whichis an expansion and exploration of the value for value model.Now, if you're unsure of what that is, I would suggest goingback to Episode One, this would give you a good idea of theheart of it and expand it in detail. But in essence, I wouldsay it's the creation of value economy. So I create value byproducing something through a digital means, which can be incomedic form entertainment, useful tips, things like that.And I ask for value in return. So whether that be time talent,treasure, however, it is that you want to provide it,essentially a way for an independent creator, an artist,musician, podcast, whatever you want to call yourself to notrely on the standard advertising model, which has some seriousserious flaws with it. Now, I wanted to go in today's episodeabout why having permanent funds can alienate you from yoursupport. And you might be thinking, how the hell does thatrelate to the title of think of yourself as a publicinstitution? Well, I shall expand on that right now. I'verecently been reading Mahatma Gandhi's autobiography, whichused to be called my experiments with truth, I believe now, it'sjust called an autobiography.
And there was a particularsection here under the chapter calm after the storm. And if youhave this book, it's on page 188. And essentially, thebackstory to this is Gandhi was in South Africa, and he wasfighting against some of the racism, some of the injusticesthat were occurring there. And he created this thing called thenatal Indian Congress. And this was to fight for Indian rights,essentially, them now, when he created this, he was thinking,oh, you know what, I think we should establish a fund and usethis fund to invest in a property and then we'll live offthe rent for this. So then we don't have to think aboutconstant continually having to garner up funds to pay for, youknow, the all associated things with that occur when you'retrying to form an organization, create rights for yourself, youknow, you there's paper expenses, there's laborexpenses, there's travel expenses, all that sort ofthing. And so he was saying that we'll start to set up apermanent fund. And we will just have this we won't need to worryabout now. And now, he actually had some interesting things tosay on this. And essentially, it led to some infighting later onabout the fund itself, how it was being managed. And heexplored this a little bit. So to read from his book, I'mjumping here on to page 188. And then he says, it has become myfirm conviction that is not good to run public institutions onpermanent funds. A permanent fund carries in itself the seedof the moral fall of the institution, a publicinstitution means an institution conducted with the approval andfrom the funds of the public.
When such an institution ceasesto have public support, it forfeits its right to exist,institutions maintained on permanent funds are often foundto ignore public opinion, and are frequently responsible foracts contrary to it. In our country, we experienced this atevery step. And what I really found fascinating that was howthis can be translated to the value for value model. So if youthink about it, this is perfect for those who are running acause or charity or a business. So the value for value model,essentially, once I said, again, I said, creating value and thenasking for that in return, and you don't get that return in alump sum, it's more upon a continual basis. So whether thatbe with your music, or whether that be through your podcast, oryour art, or whatever it is, it's a way of continuallygetting those funds coming in.
And in this particular case,we're talking about funds, talking about money, but thiscan also apply to people's help with your podcast in someediting, or it can be spreading it via word of mouth, whateverway it is that you're, you're asking your supporters, youraudience to help you out. And it's just saying, like, Hey, I'mcontinually doing this. And so I'm really gonna have my pulseall the time on what it is that my audience wants, what they areresponding to, and what they appreciate what that they value,because when you do have this permanent fund set aside, thatsort of is sorted, you are then free to follow whatever path itis that you want. And you're not going to get that feedbackcoming in of people saying, like, hey, I really enjoyed thispart of what you're doing, or I really didn't enjoy what you'redoing. Now. I think you're doing some weird stuff. I'm not sureI'm liking what you're saying.
So particularly, if you'rerunning a charity or a business of some time of some sort, thevalue for value models is really good for this because obviously,with the charity, you need to be making sure that you're actuallyhelping the people and that people are seeing, Oh, yes,you're doing this with your funds. I'm going to support younow rather than just having big lumps on. Alright, we'll usethis to pay off our expenses. You know, what should we do thisthing? Well, okay, I guess we can do that. And you're notgetting that feedback. So it's keeping in touch with yourpublic support, essentially. So You'll know if you're doingsomething dumb, stupid behaving badly when the Satoshi hasstopped rolling in. So that's a good method there of ofdetermining, hey, this is what I should be doing. caveat here, ofcourse, is that you need to make sure that you're not following apath just because people are sending your money. So if you'reset up some sort of charity to help the endangered wildlife,and then you start getting hunters, giving you some money,and you know, asking you to do certain things that go acrossthose moral ethical values, okay, well, that you might havea problem there, and you need to be aware of that. But inessence, it's really just getting to that not relying on asingle fund and getting that continual feedback from youraudience. So for me, personally, I sort of think that moneyshould be somewhat tedious. So it's like a means to achieveyour real deeper, higher purpose. And so money in thiscase, having that coming in, consistently is an aid to that.And when you just have it set aside, I'm just going to createthis thing, I'm going to do this, whatever, I don't need toput in the full amount of effort because you know, what, there'smy audience, you know, they'll they'll be okay with this thing.But if you're relying on this next product, this next episodeto really wow your audience, how you're going to put in some moreeffort to make that happen. So, the caveat of course with thisis that you know, the value value is is not for everyone.So, even Gandhi himself had a remark on this. So he said myremarks do not apply to the bodies which cannot by theirvery nature be conducted without permanent buildings. What I meanto say is that the current expenditure should be from foundfrom subscriptions voluntary received from year to year, soeven he was acknowledging they're like, Hey, this is thishaving this permanent fund is sometimes useful, but in casesof public institutions should not be but you know, noteveryone's a public institution.
This was getting to my originaltitle though, think of yourself as a public institution. So youknow what, maybe you should think of yourself as somethingthat's trying to do good in the world that's trying to improvethings and therefore, maybe you shouldn't ask your audience tocontribute to a GoFundMe page to set yourself up for funds forthis infrastructure or whatnot, maybe you should say You knowwhat, I'm going to rely on this day by day my effort being putin for the value on receiving and return so I just thoughtthat was a an interesting idea and wanted to explore that. Nowwe are on to our favorite section here I'm going to callit the boostagram lounge This is the official naming of it andI have with this official naming some official music so this is aperfect example of how the value for value model can work Ilistened to the podcasting 2.0 show all the time and I reallylike Adams ability to create music and jingles within thepodcast itself so I sent him a boostagram and said hey, wouldyou be able to create one an EPA essential type of boostagramlounge intro for me and man he went above and beyond andcreated three or four of them I guess if you if you really wantto get into it. I will play the first one here and I will wantto do it justice. Although I think I will regularly in thefuture have a different sort of one. But here we go. The firstattempt of Adam creating a jingle intro for the boostagram lounge.
Welcome, today value for valueboostagram lounge. hookah speechless. Wasn't thatcompletely over the top? I absolutely love it. Although Idon't think I will be making that into the regular definitelynot essential enough for a lounge. I mean, it's you know,it's got the hook as and whatnot but a bit too much a bit toomuch for me. Anyway, we will get to our boostagram for thisweek. So we've got one coming in. Thank you very much to Mr.Kyle. Hey, bear, host of the intergalactic boom box podcast.Kyle says love that you're spreading the gospel of visa vieexclamation mark you rock. Thank you so much, Kyle. Now he's sentthat through multiple donations through cast ematic it's reallyhard to tell with caster Matic the boosting system there is alittle bit weird at the moment.
But that was 980 1960 I thinkwas even more than that. Because that says it's like a big boostright at the bottom so maybe even getting up to like 11k Kyleman thank you so much made that I really do appreciate that andyes, I do want to spread more of the gospel of the value forvalium and trying to improve the show a little bit is slightlytoo long at the moment. I think I can cut it down a little bitwith my rambling but I do like to try and do podcasts all inone take try and keep that flow as much as I can obviously withthe insertion of the boosta Gram lounge in the middle aswell. So Kyle, if you have not heard of him before I and Iwould strongly recommend to check out At his his podcast, heis the Gohan in the Funimation dub of Dragon Ball Z he is Rayyou and the Street Fighter games I believe is a Jojo. Jojo isbizarre adventures characters Kiba in Nougat in Naruto,Naruto, and Neff, Atari Cobra, and one piece, I had a look athis Instagram, not Instagram page Wikipedia page. And man, Ithink it's so funny. I'm pretty sure Carl has appeared inmultiple stages of my life with me watching anime, with megetting into the, you know, all the crazy stuff that comes outof Japan and the animations of like, fantastic. So it's sofunny to connect with him and, you know, be in the same worldright now. Considering he was an inadvertently and unknowingly avoice in my past almost, which is very, very strange. Anyway, Iwould say my request for this week is for those who have yetto try out the the podcasting 2.0 value for value model all ofthese sorts of things, send a boostagram and I wouldactually recommend to send it to Kyle, so go to his podcast, sendhim a histogram, he does respond to him, he does read them outlike I do in the show. So doesn't matter how big or smallit is, it's your reflection of the value of what you got fromthat podcast. If you thought it was a fantastic episode, give it10 bucks, 100 bucks, 1000 bucks, maybe not 1000. It's a bit tooearly at this stage. But in the future, you will be able to dothat. And in any case, I would just say give it a try test itout because there's something really satisfying about usingthe podcast app listening to the episode sending a message whilstlistening so it's fresh in your mind, they can see if they'vegot it set it up correctly, where it came in. So they havereference to what it is you're talking about. And then be thembeing able to respond to that on the next show. Or whenever theychoose to is just fantastic.
It's so much fun. I try and doit all the time myself every show that I can that I know doesthe value for value model because it is honestly a blastand having that audience interaction is next level. Andif you've ever really joined into it like a YouTube Live orstreaming or twitch or any of that you will sort of get whatit is to feel like when you're watching someone and theyrespond live to it or they respond in the next episode andgive you some shout outs and things like that. So that's myrecommendation for this week. Send a boostagram to Kyle hostof the intergalactic boombox podcast. He will respond to ithe will enjoy it and you will enjoy it as well. That's it fortoday. stop rambling Kyrin out
Hey, hey you handsome devil, andwelcome to Episode Eight of the value for value podcast, whichis an expansion and exploration of the value for value model.Now, if you're unsure of what that is, I would suggest goingback to Episode One, this would give you a good idea of theheart of it and expand it in detail. But in essence, I wouldsay it's the creation of value economy. So I create value byproducing something through a digital means, which can be incomedic form entertainment, useful tips, things like that.And I ask for value in return. So whether that be time talent,treasure, however, it is that you want to provide it,essentially a way for an independent creator, an artist,musician, podcast, whatever you want to call yourself to notrely on the standard advertising model, which has some seriousserious flaws with it. Now, I wanted to go in today's episodeabout why having permanent funds can alienate you from yoursupport. And you might be thinking, how the hell does thatrelate to the title of think of yourself as a publicinstitution? Well, I shall expand on that right now. I'verecently been reading Mahatma Gandhi's autobiography, whichused to be called my experiments with truth, I believe now, it'sjust called an autobiography.
And there was a particularsection here under the chapter calm after the storm. And if youhave this book, it's on page 188. And essentially, thebackstory to this is Gandhi was in South Africa, and he wasfighting against some of the racism, some of the injusticesthat were occurring there. And he created this thing called thenatal Indian Congress. And this was to fight for Indian rights,essentially, them now, when he created this, he was thinking,oh, you know what, I think we should establish a fund and usethis fund to invest in a property and then we'll live offthe rent for this. So then we don't have to think aboutconstant continually having to garner up funds to pay for, youknow, the all associated things with that occur when you'retrying to form an organization, create rights for yourself, youknow, you there's paper expenses, there's laborexpenses, there's travel expenses, all that sort ofthing. And so he was saying that we'll start to set up apermanent fund. And we will just have this we won't need to worryabout now. And now, he actually had some interesting things tosay on this. And essentially, it led to some infighting later onabout the fund itself, how it was being managed. And heexplored this a little bit. So to read from his book, I'mjumping here on to page 188. And then he says, it has become myfirm conviction that is not good to run public institutions onpermanent funds. A permanent fund carries in itself the seedof the moral fall of the institution, a publicinstitution means an institution conducted with the approval andfrom the funds of the public.
When such an institution ceasesto have public support, it forfeits its right to exist,institutions maintained on permanent funds are often foundto ignore public opinion, and are frequently responsible foracts contrary to it. In our country, we experienced this atevery step. And what I really found fascinating that was howthis can be translated to the value for value model. So if youthink about it, this is perfect for those who are running acause or charity or a business. So the value for value model,essentially, once I said, again, I said, creating value and thenasking for that in return, and you don't get that return in alump sum, it's more upon a continual basis. So whether thatbe with your music, or whether that be through your podcast, oryour art, or whatever it is, it's a way of continuallygetting those funds coming in.
And in this particular case,we're talking about funds, talking about money, but thiscan also apply to people's help with your podcast in someediting, or it can be spreading it via word of mouth, whateverway it is that you're, you're asking your supporters, youraudience to help you out. And it's just saying, like, Hey, I'mcontinually doing this. And so I'm really gonna have my pulseall the time on what it is that my audience wants, what they areresponding to, and what they appreciate what that they value,because when you do have this permanent fund set aside, thatsort of is sorted, you are then free to follow whatever path itis that you want. And you're not going to get that feedbackcoming in of people saying, like, hey, I really enjoyed thispart of what you're doing, or I really didn't enjoy what you'redoing. Now. I think you're doing some weird stuff. I'm not sureI'm liking what you're saying.
So particularly, if you'rerunning a charity or a business of some time of some sort, thevalue for value models is really good for this because obviously,with the charity, you need to be making sure that you're actuallyhelping the people and that people are seeing, Oh, yes,you're doing this with your funds. I'm going to support younow rather than just having big lumps on. Alright, we'll usethis to pay off our expenses. You know, what should we do thisthing? Well, okay, I guess we can do that. And you're notgetting that feedback. So it's keeping in touch with yourpublic support, essentially. So You'll know if you're doingsomething dumb, stupid behaving badly when the Satoshi hasstopped rolling in. So that's a good method there of ofdetermining, hey, this is what I should be doing. caveat here, ofcourse, is that you need to make sure that you're not following apath just because people are sending your money. So if you'reset up some sort of charity to help the endangered wildlife,and then you start getting hunters, giving you some money,and you know, asking you to do certain things that go acrossthose moral ethical values, okay, well, that you might havea problem there, and you need to be aware of that. But inessence, it's really just getting to that not relying on asingle fund and getting that continual feedback from youraudience. So for me, personally, I sort of think that moneyshould be somewhat tedious. So it's like a means to achieveyour real deeper, higher purpose. And so money in thiscase, having that coming in, consistently is an aid to that.And when you just have it set aside, I'm just going to createthis thing, I'm going to do this, whatever, I don't need toput in the full amount of effort because you know, what, there'smy audience, you know, they'll they'll be okay with this thing.But if you're relying on this next product, this next episodeto really wow your audience, how you're going to put in some moreeffort to make that happen. So, the caveat of course with thisis that you know, the value value is is not for everyone.So, even Gandhi himself had a remark on this. So he said myremarks do not apply to the bodies which cannot by theirvery nature be conducted without permanent buildings. What I meanto say is that the current expenditure should be from foundfrom subscriptions voluntary received from year to year, soeven he was acknowledging they're like, Hey, this is thishaving this permanent fund is sometimes useful, but in casesof public institutions should not be but you know, noteveryone's a public institution.
This was getting to my originaltitle though, think of yourself as a public institution. So youknow what, maybe you should think of yourself as somethingthat's trying to do good in the world that's trying to improvethings and therefore, maybe you shouldn't ask your audience tocontribute to a GoFundMe page to set yourself up for funds forthis infrastructure or whatnot, maybe you should say You knowwhat, I'm going to rely on this day by day my effort being putin for the value on receiving and return so I just thoughtthat was a an interesting idea and wanted to explore that. Nowwe are on to our favorite section here I'm going to callit the boostagram lounge This is the official naming of it andI have with this official naming some official music so this is aperfect example of how the value for value model can work Ilistened to the podcasting 2.0 show all the time and I reallylike Adams ability to create music and jingles within thepodcast itself so I sent him a boostagram and said hey, wouldyou be able to create one an EPA essential type of boostagramlounge intro for me and man he went above and beyond andcreated three or four of them I guess if you if you really wantto get into it. I will play the first one here and I will wantto do it justice. Although I think I will regularly in thefuture have a different sort of one. But here we go. The firstattempt of Adam creating a jingle intro for the boostagram lounge.
Welcome, today value for valueboostagram lounge. hookah speechless. Wasn't thatcompletely over the top? I absolutely love it. Although Idon't think I will be making that into the regular definitelynot essential enough for a lounge. I mean, it's you know,it's got the hook as and whatnot but a bit too much a bit toomuch for me. Anyway, we will get to our boostagram for thisweek. So we've got one coming in. Thank you very much to Mr.Kyle. Hey, bear, host of the intergalactic boom box podcast.Kyle says love that you're spreading the gospel of visa vieexclamation mark you rock. Thank you so much, Kyle. Now he's sentthat through multiple donations through cast ematic it's reallyhard to tell with caster Matic the boosting system there is alittle bit weird at the moment.
But that was 980 1960 I thinkwas even more than that. Because that says it's like a big boostright at the bottom so maybe even getting up to like 11k Kyleman thank you so much made that I really do appreciate that andyes, I do want to spread more of the gospel of the value forvalium and trying to improve the show a little bit is slightlytoo long at the moment. I think I can cut it down a little bitwith my rambling but I do like to try and do podcasts all inone take try and keep that flow as much as I can obviously withthe insertion of the boosta Gram lounge in the middle aswell. So Kyle, if you have not heard of him before I and Iwould strongly recommend to check out At his his podcast, heis the Gohan in the Funimation dub of Dragon Ball Z he is Rayyou and the Street Fighter games I believe is a Jojo. Jojo isbizarre adventures characters Kiba in Nougat in Naruto,Naruto, and Neff, Atari Cobra, and one piece, I had a look athis Instagram, not Instagram page Wikipedia page. And man, Ithink it's so funny. I'm pretty sure Carl has appeared inmultiple stages of my life with me watching anime, with megetting into the, you know, all the crazy stuff that comes outof Japan and the animations of like, fantastic. So it's sofunny to connect with him and, you know, be in the same worldright now. Considering he was an inadvertently and unknowingly avoice in my past almost, which is very, very strange. Anyway, Iwould say my request for this week is for those who have yetto try out the the podcasting 2.0 value for value model all ofthese sorts of things, send a boostagram and I wouldactually recommend to send it to Kyle, so go to his podcast, sendhim a histogram, he does respond to him, he does read them outlike I do in the show. So doesn't matter how big or smallit is, it's your reflection of the value of what you got fromthat podcast. If you thought it was a fantastic episode, give it10 bucks, 100 bucks, 1000 bucks, maybe not 1000. It's a bit tooearly at this stage. But in the future, you will be able to dothat. And in any case, I would just say give it a try test itout because there's something really satisfying about usingthe podcast app listening to the episode sending a message whilstlistening so it's fresh in your mind, they can see if they'vegot it set it up correctly, where it came in. So they havereference to what it is you're talking about. And then be thembeing able to respond to that on the next show. Or whenever theychoose to is just fantastic.
It's so much fun. I try and doit all the time myself every show that I can that I know doesthe value for value model because it is honestly a blastand having that audience interaction is next level. Andif you've ever really joined into it like a YouTube Live orstreaming or twitch or any of that you will sort of get whatit is to feel like when you're watching someone and theyrespond live to it or they respond in the next episode andgive you some shout outs and things like that. So that's myrecommendation for this week. Send a boostagram to Kyle hostof the intergalactic boombox podcast. He will respond to ithe will enjoy it and you will enjoy it as well. That's it fortoday. stop rambling Kyrin out
