How To Set Up OBS: Transparent Chat, Web Cam, Background Image, Game Capture

OBS (Open Broadcaster Software) is one of the most popular for Twitch and YouTube. This is a tutorial for OBS on how to set up the layout with transparent chat overlay, web cam and a background display.
Better TTV:
OBS:
Time Stamps
Image 0:40
Game Capture: 1:16
Transparent Chat: 2:07
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Intro music by.
Kevin MacLeod
ClintHammer:

Intro sounds by SoughtAfterSounds