Foreign.
Speaker BWelcome to Ditch the Suits podcast where we share insights nobody in the financial services industry wants you to know about.
Speaker BWe're here to help you get the most from your money in life.
Speaker BSo buckle up and welcome to Ditch the Suits.
Speaker CDoes it seem like the more you pay attention, the more you're told that the world is burning?
Speaker CThe politics seem to dominate every issue is everything really is cut and dry as there being a group of good guys trying to save the world and another group of people for some reason trying to destroy it.
Speaker CIf you're tired of the stress, the anxiety, the fear, or just the emotional overdrive that you're getting from the news these days, I think these next two episodes are for you.
Speaker COne of the biggest questions that we get almost on a daily basis is how do I know what is important news that's going to affect me financially?
Speaker CAnd how do I find a news source that I can actually trust?
Speaker CSo before you make your next big financial decision, I want you to think, if you're seeing something on tv, on the Internet, or even if you're just hearing it from a friend, what is the source?
Speaker CWhere does it actually come from?
Speaker CAnd what's the angle of it?
Speaker CI know it's a loaded question.
Speaker CIt's a question that's hard to answer.
Speaker CIt's something that we work through every single day with clients.
Speaker CSo we've asked Matt Broussard, who is the head of growth at Ground News, to come join us today and actually for the next two episodes to discuss how Ground News can help you solve this problem.
Speaker CSo before that, we'll get to our intros and then we'll introduce Matt.
Speaker CThis is Ditch the Suits.
Speaker CI'm Travis Musk, CEO of Seed Planning Group.
Speaker CSeed Planning Group is a fee only wealth management firm and this show is all about sharing our professional knowledge and experience with you so that you can hopefully get more out of your money in life.
Speaker BDo you want more of Ditch the Suits?
Speaker BWell, let's take a break to tell you about our Patreon channel.
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Speaker BSo visit patreon.com, search ditch the Suits or head to our show Notes where we got links to our channel.
Speaker CSo with that, Matt, welcome.
Speaker AThank you.
Speaker AHappy to be here.
Speaker CAll right, so I want to dive right in because I am so excited about this episode because I can't tell you how many actual meetings I've had with clients where they're very upset about something that's going on.
Speaker CAnd we go, okay, well, let's just take a step back.
Speaker CWhere's this excitement coming from?
Speaker CAnd how does that actually relate to your finances?
Speaker CSo we have people really struggling with this issue, and they've been asking, okay, well, where can I get trusted information?
Speaker CAnd we happened to stumble across Ground News on listening to some other podcasts.
Speaker CWe have some guys that work with us that had mentioned it.
Speaker CI had seen it on some other podcasts that I was on.
Speaker CAnd I said, I thought, okay, that's very interesting.
Speaker CThis is popping up all the time.
Speaker CI went to the website to check it out, was really impressed.
Speaker CAnd so I think that this is a great solution.
Speaker CBut I want to set you up a little bit.
Speaker CWhy should our listeners, you know, really be listening to you on this?
Speaker CAnd then we'll get into kind of Ground News and the news and how everything works and all that kind of stuff.
Speaker CSo I guess floor is open to you.
Speaker CWho is Matt?
Speaker AYeah, I'm Matt.
Speaker AI've been at Ground News now since 2018.
Speaker ASo halfway through the first Trump administration and still here in the second one.
Speaker ASo, yeah, I've been here most of my career.
Speaker AThe deep personal interest in news.
Speaker ADespite being Canadian, I kind of grew up super online and trying to get involved in politics and read all I can.
Speaker ABut kind of as I.
Speaker AAs I grew up in this political sphere, I saw like, how much of a story I wasn't seeing.
Speaker AWhich eventually led me to kind of question, oh, like, why am I seeing the stories I'm seeing?
Speaker AWhy am I seeing the stories that I'm not seeing?
Speaker AAnd then in my.
Speaker AIn college, I came across Ground News.
Speaker AThey wanted to hire an intern, so I started there.
Speaker AYeah, it's good a years ago, seven years ago.
Speaker AI've kind of been here since.
Speaker CI think that's amazing.
Speaker CSo you start as an intern, you've worked your way up to the head of growth.
Speaker CThat sounds like a pretty good title.
Speaker CHow long has Ground News been around?
Speaker CBecause it's Internet based, right?
Speaker CIt's.
Speaker CThere's no.
Speaker CIt's not a physical paper or anything.
Speaker CIt's Internet based.
Speaker AYeah, yeah, it's all.
Speaker AIt's all online and it has been around since 2018.
Speaker AI was actually there on the day that we launched.
Speaker AI remember texting my friends, aunts, relatives, co workers, being like, hey, you know, like, try this thing.
Speaker AWe just launched it and it's.
Speaker AIt's still around six years after that.
Speaker CSo you've been there from the beginning and probably one of your friends or your grandparents or somebody is subscriber number one, right?
Speaker AYeah, yeah, I'm pretty sure.
Speaker AI'm pretty sure that was my aunt.
Speaker CThat's pretty cool.
Speaker CThat's pretty cool.
Speaker COkay, so you've been with Ground News.
Speaker CYou're the head of growth.
Speaker CWhat does the head of growth mean?
Speaker ASo it means that I kind of a guide strategy on a lot of marketing stuff.
Speaker ASo I guide strategy on unpaid ads, on our content, on socials.
Speaker AWe have a pretty big following on socials, especially Instagram.
Speaker AI think last month we reached around 45 million accounts.
Speaker ASo we're pretty big on there.
Speaker AI also curate our newsletters and lend a hand for stuff like newsletters and conference appearances.
Speaker AI do a lot of interviews with the company.
Speaker ASo mostly if it has to do with growth and marketing, I have my hand in it.
Speaker CGotcha.
Speaker CSo you're the guy to talk about, you know, what, what this is really all about and what it means to people because you help kind of shape that message.
Speaker CI will say, and this is one of the things I want our listeners to understand is we're not getting, you guys are not paying us to have you on our show.
Speaker CWe came out and found you and said, hey, Matt, would or actually Ground News.
Speaker CWould somebody come on here and explain this thing to our, our listeners and our clientele for us because we think that they need this help.
Speaker CBut the socials.
Speaker CI've Jones joined some of the socials.
Speaker CI'm, I, I, I'm, I'm very not good on the Facebook or Instagram, but I follow Ground News on Instagram and Facebook, I think.
Speaker CAnd, and I get the, it seems like a more than a daily news drop where it helps me.
Speaker CI, I saw one post the other day where it was the same story, but it gave three different headlines on the same story depending on where you were kind of picking it up.
Speaker CI had the left center and right kind of headline and it was really great because right there in one post I could be like, okay, I get it, I see what's happening here.
Speaker CSo it was really just shout out to you guys and for people who, as we get there, we're going to talk about how people can connect with Ground News.
Speaker CBut the social media part is really fun because you basically deliver the news right to my phone.
Speaker AYeah, yeah, it's, it's really fast way to kind of digest kind of the core of what we do.
Speaker AAnd for a lot of people who, who do just read news on social media, which you shouldn't do, but some people do that.
Speaker AIt's kind of a good way to like, kind of get a quick glance of what's happening.
Speaker CYeah.
Speaker CSo let's talk about the core of what you do, because I'm teasing a little bit here, kind of where this is going, but.
Speaker CSo Ground News is.
Speaker CIs not actually a news reporting agency.
Speaker CSo it's not like the New York Times or anything like that.
Speaker CSo do you want to explain what Ground News actually does?
Speaker AYeah.
Speaker ASo we don't have any journalists on staff.
Speaker AWe don't create any original reporting.
Speaker AWe're more of a tool platform.
Speaker ASo we call ourselves a news comparison platform.
Speaker ASo the idea is, if any event happens, let's say there's a story today about, like the election in Canada.
Speaker ASo you could go onto the app and see, okay, the story is being covered by 200 sources.
Speaker ASo we get all reporting on that one story in one place.
Speaker ASo you can compare headlines from multiple sources.
Speaker AEven those who mainly like left or right or more centrist news sources that are based in Canada, based in the US Based in the uk, China, Australia, pretty much every country on Earth, we have all these sources on ground news.
Speaker AI think we have around 60,000 sources on ground news, which actually makes us the biggest news platform in terms of sources in the world, bigger than Apple and Google News, who have market caps in the, in the trillions of dollars.
Speaker ASo we are quite a large platform in terms of.
Speaker AIn terms of content, kind of.
Speaker AThe idea is for any store, you can see how sources frame it.
Speaker AFacts, they omit, facts, they emphasize.
Speaker ASo it gives you a fuller view of these more pressing stories that are often politicized.
Speaker CAll right, so I want to talk about that.
Speaker CWe're going to get to that.
Speaker CBut first, you have 60,000 sources.
Speaker CSo do you have somebody in the back office that goes through the sources?
Speaker CIs it AI, what's parsing the data to categorize it and kind of put everything together for you?
Speaker AYeah, a fair amount of it was manual at first to, like, added sources in get there, because a lot of resources have like, public RSS feeds.
Speaker ALike, I think the first few months we were like, all day is like copy pasting RSS feeds into.
Speaker CThat's the job of the intern.
Speaker AIt was actually a job of one of the lead designers at first.
Speaker ASo we were so small.
Speaker ASo we have a lot through that.
Speaker AAnd then we have tools that pick up content from just like the Internet and these platforms or platforms like Reddit and Twitter, we get content from there that takes articles and puts them on our platform.
Speaker ASo it's a combination of automatically curating these links from across the Internet and also a lot of manual inputting of RSS feed to set up this content on the app.
Speaker COkay, so one of the big things that's happening is that the news is coming in and you're not taking the news and making your own news stories about the news.
Speaker CYou're just taking the news and grouping it together.
Speaker CAnd I will talk about some of the filters and things that you put on it to help people understand kind of the slant on things.
Speaker CBut it's not like when you go to CNN or go to Fox and you know you're going to get a left leaning view or right leaning view.
Speaker CYour ground news is not tainting anything.
Speaker CThey're just taking the news as it's being presented, grouping it together.
Speaker CAnd like we, like I said, we're going to talk about kind of what it does after that.
Speaker CBut it's, it's helping to paint the picture of is it credible, where's it coming from, you know, what's the angle?
Speaker AYeah, yeah, we completely keep our hands off of internalizing any content.
Speaker ASo it's like the news comes in as you see it on the original site.
Speaker AWhether if it's like Reuters or CNN or Fox, it's where our hands are completely off of it.
Speaker AAnd we're, we're happy to keep it that way.
Speaker COne of the biggest challenges that we have, like I talk to clients all the time because they say, well, where, where can I get the rest of this story?
Speaker CBecause they'll come in and they're worried about some kind of economic news tariffs, you know, whoever's in power, whatever, whatever's going on, they're just, they're freaking out about it.
Speaker CAnd that's, and it's, and even when there's not, when it's not political strife, it's the debt and interest rates and the housing market, there's always something catastrophic that the news is kind of pushing.
Speaker CAnd one of the things I always tell people is, well, go back to the original source.
Speaker CSo don't allow somebody to take a cut of something and, and package it and put it in front of you and say, hey, you know, I've got these anonymous sources and I'm not going to tell you who they are.
Speaker CAnd here's something and they take it kind of out of context and they put it in front of you.
Speaker CGo back to the source, go to YouTube or go someplace and watch the whole thing.
Speaker CAnd you might have to invest hour or two hours into something like that, but it gives you more kind of background as to what you're, you're, you're going to be seeing.
Speaker CBut that takes a lot of time and it takes a lot of commitment and it brings up a lot of the challenges I think that are regarding the news industry.
Speaker CAnd I just wanted your perspective because you've been somebody who's really interested since, you know, coming out of school and getting into ground news.
Speaker CWhat's your, what's been your experience?
Speaker CBecause you, you see news from all over the world now, right?
Speaker CFrom every, I gotta imagine from every extreme possible.
Speaker CWhat's kind of your take on the news industry in general?
Speaker AYeah, it's, it's definitely going under a lot of changes in the past 10 years.
Speaker AA lot of the news, you know, a lot of the news about the news as of late isn't, isn't that good.
Speaker ABut it's not all bad.
Speaker ABut for example, the, the US has lost more than one third of, of its local papers since 05.
Speaker CYep.
Speaker AWe're still using about nearly two and a half papers a week.
Speaker ASo it's, it's still on the decline.
Speaker AThere's also a growing theme of what's called a news desert, which is a local community without a local source of news.
Speaker ALocal news is very important because, you know, they actually report stuff that like impacts you, like localize zoning, local issues.
Speaker CLike that, paving the roads, whatever.
Speaker AYeah, yeah, it's like, it's often more impactful than federal or state level.
Speaker ASo without people in those, in those papers to hold the power to account, then you kind of see like, you know, more corruption and there's a lot of onset effects of that.
Speaker ASo there is a growing sphere of news, of news desert has people who usually support local news turn to online sources and people who usually age into supporting local news artists, getting the news online or not reading news at all.
Speaker ASo that's kind of been a trend that we're seeing that hasn't really stopped.
Speaker AThe good news is there, there is, there is a rise in news online.
Speaker ASo I think last year there was I believe like 81 new outlets that opened online, which is the biggest increase in like I think five, five or six years.
Speaker ASo we are seeing some, some increases there.
Speaker AAnd then kind of the mixed bag news is there's also a lot more consolidation in the space.
Speaker ASo private equity firms, hedge funds, a lot more mergers in the space, which is good because it can keep a Paper alive that would normally go into bankruptcy.
Speaker ABut then there's also the question, we're like, okay, does this know corporate hedge fund owner have a vested interest in the reporting and how it's done?
Speaker ASo that can be seen as good or bad based off of if the reporting of the outlet is affected by the new owners.
Speaker ASo that's kind of the US space in the past, the past 10 years, the decline of local increasing in digital and then more.
Speaker AAnd then more consolidation in the.
Speaker AIn the space.
Speaker CSo it's getting essentially harder and harder to get variety of news, let's say, because.
Speaker CAnd you see it too, the national ones tend to also parrot each other.
Speaker CIt's like if you turn on one news channel and go to the next one, they're not necessarily reporting on different news.
Speaker CThey're a lot of times responding to each other, reporting on each other's news.
Speaker CSo it's like one issue can dominate the entire news because it's pretty much just get the information out there so you can get the clicks or you can get the attention for whatever your base is.
Speaker CI did interview somebody for a project that we were working with in the community about what this person thought we could do better for the community or what the community needs to do well.
Speaker CAnd she actually said a local newspaper that talks about local news, not world news or national news, just simply have a local paper that talks about the local community, that people.
Speaker CEven if they can only read it once a week, but it needs to be paper format, which I thought was very interesting.
Speaker CIt's kind of like a generational kind of battle there between do I want to read it on my phone or do I want to read it in my hand?
Speaker AYeah, yeah.
Speaker AAnd then also the, you know, higher costs of the paper distribution.
Speaker ASo it's a lot to kind of like business do.
Speaker CYeah, yeah.
Speaker CYou have to figure out a way to actually produce something instead of just put it on the Internet and hit the go button, which, you know, different, different type of business models, I guess.
Speaker CI guess there needs to be an innovation there.
Speaker CBut anyway, so we've got, we've got the consolidation of the news industry.
Speaker CWe've got the.
Speaker CI think maybe there's a trend too.
Speaker CTo my opinion is.
Speaker CIs when I read the news, I'm seeing a trend to grab or tie everything into politics.
Speaker CIt's always somebody's fault who's in power.
Speaker CI don't.
Speaker CI don't know.
Speaker CI remember going back now all the way to the second George Bush, which is when I probably just first started Paying attention where an issue is not tied to, you know, a political party and, and all the failures of the current and the future is blamed on that one type of party.
Speaker CAnd I think both parties do it.
Speaker CAnd then the other thing that I've seen in a trend is even when one side kind of gets what they want, it's.
Speaker CWe're so used to like, the, like the doomsday spiral and the hype of everything.
Speaker CIt's like, well, we can't trust it.
Speaker CWe still need to be level 10.
Speaker CIt's kind of like weather reporting with a hurricane.
Speaker CWe really need you to check the news every 15 minutes because we're selling a lot of ads.
Speaker CSo this is going to be the worst hurricane in the world.
Speaker CAnd I'm, I'm, I, I just, that's a trend that I noticed.
Speaker CI don't know if, if you being kind of from a personal perspective notice any of that.
Speaker AYeah, there's, there's definitely trends where, like, if you're a news outlet, especially in cable, you usually do sell more ad slots.
Speaker AYou get more viewership time when the opposing party is empowered.
Speaker ATo you, that kind of pull, where it's like worry and fear is a stronger emotion than, like, you know, glee and joy.
Speaker ASo, like Elliot's airport, you know, can you report more towards the left point of view?
Speaker AThey did quite well during the first Trump term, but then they struggled during the Biden term because there was less to, you know, attack on, and vice versa, I think.
Speaker AI think Fox News is a bit more study, but they are seeing some declines in views since Trump's been power because there's, like, less.
Speaker AThere is less of a poll to, like, watch if you aren't worried about something.
Speaker CGotcha.
Speaker CSo I don't need to tune into the news to see that the world's burning.
Speaker CMy guy's in power.
Speaker CHe's going to fix it.
Speaker CI'm just going to kind of ignore that.
Speaker COr if you were Biden, you know, a Biden supporter in last four years, you know, you probably.
Speaker CWell, they did a, I think a good job drumming up anxiety over the pending elections.
Speaker CBut, but certainly, yeah, you can see how either side could, okay, we kind of get what we wanted.
Speaker CWe're going to fall asleep for the next couple of years.
Speaker CAnd that's what you're saying is viewership kind of slides.
Speaker CSo it's almost like you become less informed when your party of choice is in power, and then you try to, like, catch up when they're not in power because you're Afraid of change or whatever they might do.
Speaker CSo now all of a sudden you're going to try to get caught up.
Speaker CAnd I think one of the things that that does to a, to a person, just because I've noticed it with people that I work with, is you don't realize the cyclical nature of this and how it's like the drum beat just keeps beating on and it's.
Speaker CWe're just going to find something to be upset about.
Speaker CThe only difference is if you've been paying attention through the, through every cycle or if you just kind of like tune out in the off season for your, for your party.
Speaker AYeah, it's like how often do your clients call you when the market's doing well versus how often they call you when, when it's down?
Speaker AIt's like it's.
Speaker AYeah, it is a lot easier to feel, to feel like you want to get engaged when things are going poorly.
Speaker ALike even when the market's doing well, you still want to pay attention to news.
Speaker AYou want to see why it's doing well.
Speaker ASo I think that kind of shift in politics would be beneficial where like you don't say, you kind of the two extremes where it's a complete addiction and drive when your preferred party isn't a power and then kind of like the wheel when your party is in power, kind of a balance of that of like mild engagement.
Speaker AI think is is best to get to stay informed and to not be too thrown into every news cycle.
Speaker CI think that that's one of the biggest complaints too.
Speaker CI think that each side has about the other side when we're talking about this, if we're agreeing that news is kind of hyper political right now, so every issue is going to like somebody's causing doom and gloom if you tune out.
Speaker CIf you tend to pay less attention when you're a party of choices in power, then you're not going to be as informed.
Speaker CAnd so when somebody says, well, I don't like what's going on and you say, well, that's not how it is.
Speaker CBut you're not informed, you can't necessarily answer it even if that other person is wrong.
Speaker CYou didn't have kind of the body of knowledge to be able to say, but let's have an intelligent conversation about why there's a misinterpretation here or something.
Speaker CAnd it just becomes this kind of yelling back and forth at each other.
Speaker CAnd I think that that's perpetuated again in that news cycle where it's like, okay, the more I Can get you yelling at each other.
Speaker CThe more that you're going to tune in for whoever's telling you that you're the righteous one for doing the yelling.
Speaker AYeah, yeah, yeah.
Speaker AKind of the idea where it's like, it's like two, you know, one movie, two screens, so you can see the same thing as someone else, but they'll see it in totally split ways.
Speaker CGotcha.
Speaker CSo let me, let me ask this then.
Speaker CAnd kind of setting up our next episode too, but we've got this hyper political media.
Speaker CAnd I always tell people what they're doing is they're tying social and economic issues into politics.
Speaker CAnd so we're making.
Speaker CPeople are trying to make financial decisions based on what they're reading on the news.
Speaker CYou know, are we going to have a Great Depression?
Speaker CAre we going to have a great Recession?
Speaker CYou know, are high interest rates a good thing or a bad thing or low?
Speaker CIt seems like interest rates go up.
Speaker CWe're like, that's a bad thing.
Speaker CThen interest rates go down.
Speaker CWe say, oh, that's a bad thing.
Speaker CSo it's, you know, what is it?
Speaker CAnd it's all hyper political.
Speaker CSo we have to somehow address hyper political media.
Speaker CAnd like I said, we have to say, okay, who's telling me this and what's the angle?
Speaker CIt doesn't mean you can't watch it.
Speaker CIt doesn't mean you can't consume it, but it means that somehow you've got to have some kind of filter to say, okay, that's interesting.
Speaker CIt's got me thinking, but how do I build some context around this so that maybe I don't jump off the bridge thinking the end of the world is coming next week.
Speaker CSo how does ground news address without.
Speaker CWithout giving us too much detail about how all the pieces work?
Speaker CBecause that's going to be the point of the next episode.
Speaker CBut how does ground news address the big challenges of hyper political media?
Speaker AYeah, yeah, it's a good question.
Speaker AIt's like we like to say, like, ground news isn't better news, but we're a better rate, but we are a better way to read it.
Speaker COkay.
Speaker AWhich means, like, you know, faced with the pal with the problem of biased news fear, I think a lot of people have an instinct to create, like, oh, well, we'll just make like an unbiased news source or we'll make an unbiased TV station.
Speaker AI don't think unbiased news exists.
Speaker AI think it's a myth.
Speaker CRight.
Speaker AI'm a human.
Speaker AI have experiences my 27 years of life I have biases from how I was raised, where I live, my friends, my job.
Speaker APretty much everything that happens to me causes some sort of bias in me.
Speaker ASo I don't think it's possible for humans to create stuff that's truly, truly unbiased, which is fine.
Speaker ABiased news is okay.
Speaker ANews that's strongly conservative or liberal.
Speaker AI think it's fine.
Speaker AIf you start a news site and you're like, I want to argue for the conservative point of view for the news, I want to carry the coverage in a way that it appeals to conservatives, that's fine.
Speaker AAnd there's hundreds if not thousands of sources that do that.
Speaker ABut I think where the issue lies is when you try to say that you are an unbiased news source.
Speaker AWe're actually coming at it from a very biased point of view.
Speaker ASome people who aren't that well versed in media may think, okay, this is a middle of the road attempt at news, but it's really actually more targeted to one political sphere.
Speaker ASo it's kind of the problem we saw.
Speaker AWe're like, okay, like we're not going to make a new a new company.
Speaker ALike, we also aren't.
Speaker AOur background isn't really in news.
Speaker AWe have a few people on our staff who work before in journalism and have education that and work as in the space.
Speaker ABut we're mostly a group of tech nerds who wanted to try to solve this problem with tech.
Speaker ASo that's kind of the way that we approach it.
Speaker AWe're like, we aren't with our news source, but we give you the tools to understand and parse through the news better.
Speaker ASo that's more so our approach to this hyper political news sphere that we're.
Speaker CIn currently, which really matches up and this is I think why I wanted to have you on here when you know, we talk to our listeners and our clients about parsing through the so called financial advisor and the people who are out there to kind of rip them off financially, whether they're doing it on purpose or whether that's just the way that they learned how the industry works, whatever it might be, you really want to work with somebody who's unbiased or as close to unbiased as possible, or at least who's very transparent.
Speaker CIn a recent episode, we talked about the insurance agent that I, I used to get along with where I would sit down.
Speaker CI said, look, I love the fact that you, the first thing you tell people is I'm an insurance agent.
Speaker CYou don't call yourself a financial advisor.
Speaker CYou don't try to pretend you're what you're not.
Speaker CSo I know how to deal with you.
Speaker CAnd the second you stop doing that, it will be the second I stop dealing with you.
Speaker CAnd then he tried to pull it, you know, shortly thereafter, and it was like, okay, now we're done.
Speaker CBecause it matters if I can trust you, right?
Speaker CIt matters if you are who you say you are and you're consistent with who you say you are so that we're not all sitting here being hypocrites.
Speaker CAnd that's one of the biggest things right there, is it's okay to have a bias.
Speaker CEverybody has a bi, There is no, anybody who says I have no bias is silly.
Speaker CI, you know what?
Speaker CI don't think people should pay commissions for anything.
Speaker CNot if you have enough money.
Speaker CYou don't have to pay commissions.
Speaker CI obviously have a bias though, because I don't do anything with commissions right now.
Speaker CI can make very good logical arguments and we can argue till the cows come home, but at the same point, I do have a built in bias because I have already committed myself to saying that that's not the way that somebody should do business.
Speaker CSo from a media standpoint, it's not a bad thing as long as they're honest about the bias.
Speaker CAnd if they're, and like you said, the common person though, if the media doesn't come right out and say, hey, you know what, 99% of the time we're going to take the Republican sign on something and you just, you grow up with that.
Speaker CYou just think that that's the way the news is.
Speaker CYou have no idea that you're essentially receiving biased information, which doesn't mean it's wrong, but it means that you might have to steal one of your terms, a blind spot to the other side of the argument.
Speaker CAnd you should be curious about, well, you know, again, to take it back to our industry, I was told that the fee only side of the industry, and I know I'm getting off your topic a little bit, but there's a, a fee only site to the industry and then a commission and they call it fee based, which is where you can do commissions and fees.
Speaker CThey, they, when you're in the commission side of it, they tell you that that fee only side doesn't exist.
Speaker CAnd, and if it does, those are a bunch of scoundrels.
Speaker CBecause can you believe they're charging you for advice?
Speaker CAnd, and then once you kind of get out of the ecosystem of the commission only or the, the more captive environment, you Realize, oh, there's this whole world out there, and they really do great work.
Speaker CAnd it's all about giving advice.
Speaker CAnd you could charge by the hour or you could charge by the job.
Speaker CYou don't have to sell people ins.
Speaker CWork with people.
Speaker CYou go, wait a second, why'd they tell me that?
Speaker CWell, they were trying to protect their territory.
Speaker CThey were basically saying, you're an asset of us.
Speaker CYou sell our products.
Speaker CWe don't want you thinking that there's greener pasture out there.
Speaker CSo we're going to not only tell you that the greener pasture out there is horrible, but we're going to emphasize it so much to the point where you would think that they're criminal for what they do over there.
Speaker CBecause we don't want to lose you to that side of the business.
Speaker CRather than saying, okay, if there's a chance that we could lose you to that side of the business, we have to come up with a better argument and give you better benefits and talk about what we can do to maybe change our business models and be more attractive so that people would want to stay on our side of the aisle.
Speaker CWe're just going to vilify the other side and almost pretend it doesn't exist or that there's a small minority of people and they're kind of on the fringe.
Speaker CYou see that exact same.
Speaker CYou see it in business and you see it in politics, and it's matriculated kind of into the news.
Speaker CAnd like you said, if we could just be honest with it and say, look, this is my bias.
Speaker CThis is how I see the world.
Speaker CAt least you know how to counterweight that, I guess.
Speaker AYeah.
Speaker AAnd as a consumer, you kind of want to be fully informed.
Speaker AThe biases of both, you know, both advisors or both news sources.
Speaker ASo I think as a consumer and an advisor, you.
Speaker AYou kind of want more transparency for all of it.
Speaker ASo I think that that system helps everyone out.
Speaker CSo our next episode, I'm going to get into the features of Ground News.
Speaker CSo Ground News is a website you go to, you subscribe to it, you can follow them on social media, all that kind of stuff.
Speaker CSo there's some stuff that I think you guys do for free for viewers, but then there's some stuff that you can subscribe to and you get some extra features.
Speaker CAnd I want to get into those features and why people would want to use them and how they work before we do.
Speaker CI do want to give listeners one more, kind of a little bit more insight into kind of your experience in the news.
Speaker CIndustry.
Speaker CYou started as an intern at the ground floor at the beginning of Ground News.
Speaker CSeed Planning Group was a startup not too long before that.
Speaker CSo, you know, we started in 2013, really as a startup.
Speaker COur heritage goes on a little bit past that, back to 2007, but the start of the actual firm, what it is now, I would say really the Genesis was between 2013 and 2016.
Speaker CSo as an entrepreneur, I understand all the changes and like, the way that you see the world now is probably quite different than the way that you saw the world coming out of school, jumping into that endeavor.
Speaker CAnd now kind of, even though you're not the CEO of Ground News or the the original founder there, you still are part of that entrepreneurial journey.
Speaker CSo I'd be really interested in understanding the big challenge, like the.
Speaker CAnything interesting or surprising you've had from the big challenge of Here we go, mom and dad, will you sign up and to who you are now, Is there any big revelations or anything fun and interesting that you've.
Speaker CYou've learned along the way?
Speaker AYeah, I think there's a few.
Speaker AA few things with the product and like my journey, one big change is like, I guess, like, you know, change is constant, but it's getting a lot faster.
Speaker AAnd when we launched in 2018, if you can think back to that era, that was like Trump's first term, it was about fake news.
Speaker ASo that was a term that was very big then.
Speaker AYou really hear it that much anymore.
Speaker ABut at the time, it was one of the key things that he pushed and it was much in the public psyche.
Speaker ASo actually at first the idea for Ground News was a lot different.
Speaker ASo we thought, okay, here's this problem about fake news that isn't true.
Speaker AHow can we solve it?
Speaker AOkay, so at first it was about, oh, like if you are in the location of an event.
Speaker ASo let's say there is a protest currently in downtown Toronto, where I am now, in this version of Ground News.
Speaker AYou could be pinged by someone else and they would ask, is this, you know, is the protest turning violent?
Speaker AIs it peaceful?
Speaker AAnd then I could either verify or debunk that claim.
Speaker ASo that was the adverse kind of.
Speaker CLike fact checking kind of.
Speaker AYeah, it was a lot more like citizen journalism fact checking.
Speaker ASo we're like, okay, this is going to solve the fake news crisis.
Speaker AWe were so happy about it.
Speaker AAnd then it launched and it did well.
Speaker ALike, you got a lot of users, like, very quickly.
Speaker AIt was like people just like voted to debunk or verify something based off of their politics.
Speaker CSo yes.
Speaker AYeah, so that was invalidated very quickly.
Speaker ASo I think, I think that was like our first learning where it was like, okay, like I think in an ideal world fact checking is, would be a great kind of core pillar of like the online experience.
Speaker ABut it hasn't happened and it's probably never going to happen.
Speaker CYeah.
Speaker ASo I think learning that like, okay, this isn't the right way to engage with people with news, that was a huge pivot to what made us to what we are today.
Speaker ASo that was a huge learning.
Speaker AAnd also just like as a Canadian, really trying to immerse herself in the psyche of American news readers was.
Speaker AI don't know why you want to.
Speaker CGo there, but good luck.
Speaker AWell, you see I had some.
Speaker CYou do?
Speaker CYeah.
Speaker ASo I was talking to like a ton of people because like I grew up on Reddit.
Speaker AOn Reddit by definition is like very, it's a good site, but by definition it's literally epic chambers.
Speaker ALike each sub edit is its own epic chamber of one thought and idea and there's moderation in Logan to like repress other thought.
Speaker ASo if you, if you, yeah.
Speaker CYou're not allowed to, you're not allowed to be contrary in that or you get kicked out of the group.
Speaker ARight, exactly, exactly.
Speaker ASo I was raised on Reddit as a kid.
Speaker AI think I started reading like 13, way too young.
Speaker ADon't do that.
Speaker AIf any of you have kids, don't let em go to meta that, that, that early because I went, I went on it and I was huge.
Speaker AI was like, oh, you know, like you aren't gonna vote for Bernie Sanders.
Speaker ALike who are you?
Speaker AWhat are you?
Speaker AAnd I was like also like 15 years old in Canada.
Speaker ASo I had no business, you know, like caring about that stuff.
Speaker ASo that's kind of how I was, how I was raised online and Reddit and how I saw the news in the world.
Speaker ABecause like much Reddit is a liberal echo chamber.
Speaker ASo I think over time I became like working here, even reading ground news, you have your views challenged consistently.
Speaker ASo I, I, you know, you read news from the point of view, from more of a Trump style conservative or more the old fashioned Bush style conservatives.
Speaker AYou would, you know, I try to read guest columns from like all over the spectrum, but even that wasn't enough because sometime in 2022, Trump was going to run again and I wanted to really, really kind of get a good picture of like how Trump voters and supporters engage with news.
Speaker ASo I went to a rally, a Trump rally in Atlanta.
Speaker AAnd as a Canadian, that was pretty crazy to me just to kind of talk to people in that sphere and it was actually very fascinating.
Speaker ALike I I learned a ton kind of got to see the more human angle of the way they engage with news in the world.
Speaker AI've done since I've gone to conferences for various political spheres, I tried to talk a lot to users people in the space.
Speaker ASo I think that also kind of really jumping headfirst into the American political sphere, it was fascinating and I think made me a lot better at my job.
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