 It is with great honor that I come on every single Friday and celebrate with you kind folks It is absolutely fantastic. You might ask what Ryan? What could it be that we are celebrating? This week yet another down day in the market another week in the market down another month down in the market What do we do Ryan? What do we do man? I'm here man. Tell me help me help me help me Kind of gets kind of simple a little bit when we are Seeking perspective on this deal. Yes. Oh, tell me more Ryan. Tell me more I have a little bit of homework for each of you guys And it's a good one since I'm just a little Corner of YouTube just a little fella that could Viewership is going down. See that's the thing is when the stock market goes down. Nobody wants to tune into YouTube I don't have a choice. Okay? I'll be doing this project and I've said this many many times whether or not there would be zero people in here Or there's 50,000 people who come on and they get to listen for 60 minutes and they get to pay Nothing to listen What makes me so special the fact that I would suggest that I'm actually not special at all Kind of qualifies me All right. Now if you don't want to hear it from a no-named nobody who has a Catchy little name that he's come up with for his independent investor channel You've all heard of Netflix. Okay? The most overpriced stock out there Investment of the last five years, but I do have a Netflix subscription You can pay for the 4k if you want to that's how they get ya. That's how they get ya But there's a pretty cool show that I watched this week. I got some entertainment out of it I really did. I thought it was good. It was called and it was on Netflix So you can buy into the the group think right you can feel good about yourself that because everybody else was watching Netflix That you can as well watch Netflix as well. All right So what you're gonna want to see is get smart with money. Okay? Get smart with money It was a good watch. I encourage you to watch it. All right now There was some folks on there that evidently have carved out quite a life Telling you guys what I've been telling you for years and years and years free of charge now I don't have a funny mustache and I Just happened to be a white boy from the country. All right I didn't get to choose that disposition my mother and father had a lot more to do with them than my own Personal free will and choice and what you see before you on the independent investor channel, okay? So from a position of neutrality you can go on Excuse me catch Netflix catch get smart with money. There's some really good fundamentals in there That are gonna kind of help you. All right It doesn't always have to be about Seriousness, I mean we were joking today myself and my wife about the fact that we paid $4 for a cucumber at the store $4 for a cucumber. You would think that hell and damn nation is coming to us and the skies are gonna part And and the good Lord on his all heavenly glory is gonna come down floating out down and say, okay This is the end the stock market is is done. It's you guys are you've you've messed it up You failed you failed the test. It's no good. It's no longer there for you to enjoy I find it ironic. I think that there would probably be a lot of people the millions of people that you actually beat out Did to get here and enjoy this life that you all are enjoying? To trade it all Trade it all to come back like the terminator nude, right and and and just start from scratch Just to live this life that we all too often scoff at. Oh, we've got it so bad Oh my god, and I gotta pay $4 for my cucumber. Holy moly. The sky is falling It's coming to an end the stock market will never go up again never I Look back over my 25 years of investing and I'm probably like I don't know I would say probably there's probably about less than 36 months I'm not I'm not exaggerating 36 months out of the total 25 years that I've been an investor that That the markets have really been Pretty bad, right where I've looked at and I'm like, all right. It's bad. It's bad but Make no mistake about it if you didn't want to tell your friends that you watch this individual on YouTube Okay, the white hokey from the country. That's me. All right Who should have absolutely zero zero education enough to sit across from somebody and speak about personal finance personal finance The sheer reality is that the disconnect between what people think They have to somehow adhere to with regard to an image with regard to personal finance is Just a very barrier that I strike at knocking down for people. All right regular people can achieve Insurmountable goals in their life. Okay Conversely people out there who seemingly live their life with a chip on their shoulder They make exuberant amount of income But they've got their head so far up in the back side that they have to spend 10 12 13,000 There's one couple on this show that I recommended to you guys that The individual who was trying to help them I think it was the money mustache man or the mustache man or the catchy mustache fella See, that's the thing is I don't really have any I have kind of spiky hair I guess I could call myself the spiky hair investor and then I would probably catch fire No pun intended over YouTube and people would come and watch me. They'd be like dude You got to come and check this guy out man. He likes his hair on fire. It's fantastic But what does he actually talk about? It doesn't matter man. Just go watch him catch his hair on fire, man He'll entertain the hell out of you. It's it's fantastic. All right You're not gonna get any benefit out of it man, but spend 60 minutes of your time Watching this freaking guy with the spiky hair lightest lightest hair on fire but this couple Managers to go through their month and spend 10 $1,000 actually they spent $13,000 on their monthly budget and the guy who was trying to help them actually was kind of funny He was actually quite good. He speaks like me None of which there were two out of the there was one out of the three secrets that I give away about wealth building And I give them away. They're free. All right the secrets to wealth building number one is the simplest wealth building tool If you are a non-investor and you're taking zero risk in the stock market The number one thing you can do is invest in the S&P 500 that got flushed out in this show What never ever ever gets talked about is the very lack of council the lack of Motivation that you need in way of a financial planner fluffing the ass all the time right and charging you 3% to do that Number three tax protection very very important soul S&P in the right account self-directed Roth IRA accounts self-directed hence the name independent investor Independent when I go to work and people are like gosh dang Ryan, you know, how's that stock market thing working out for you? I'm like, well, it's pretty bad. All right now I'm referring to those months the three out of the 25 years The three years out of the 25 years that I say that Because as an independent investor, man, look, you got to be tough. You have to be that investor that is above it all. I Talk about this all the time. You got to walk around like you know something that others do not know. All right, and It does yes In fact require you at some point in your investing career if you are a long-term investor to weather storms Okay, it just is an oxymoron to Enter into stock market investing and expect that it is always going to be in your realm of comfort the entire way All right, and right now for a lot of people it is Stretching the line of comfort. Yes. I don't know about this Ryan. God dang. This is this is crazy I this is fouls talking about increasing the Prime interest rate by 75,000 basis points I have no idea what that means, but how should I be concerned Ryan? What what should I do? Should I sell all S&P 500? Should I liquidate a Le Roth IRA? I don't know Roth It sounds like a like I don't know a nice clear soup that I would cook Should I just liquidate everything and just take it and what are you going to do with it? Okay? You embarked on a plan you were able to save up X number of dollars and what I want you to pay attention to in this Netflix documentary is the successes both on the debt side the debt reduction side and also the Fine tuning in one particular case. I really gravitated to because it was fantastic In that the importance of a side hustle anymore came to came to a head All right So while I'm watching the portfolio roll off more than I've ever seen the portfolio roll off And it's been doing so since January of 2021 guys. I've said this many many times on the channel I've said this very thing Okay, and it seems like Every single day more and more kerosene gets thrown on the fire More and more now it gets thrown on the fire Might I contend that the market down 20% right now that has more of a chance the more the market goes down That the more chance we have of the damage being done Okay, in other words, it doesn't the oothe you now to say I'm done and I am and you're done You raise the white flag you throw in the towel. I'm done on this whole thing. I'm not out Okay, the stinking youtubers man. I tell you what I had my I had my thought but these YouTube fellas I tell you what I tuned in and I heard them out and You know, I got involved in investing and look at me now. I tell you what this Jerome pal guy I tell you what he has it out for me. It really does. All right, and this Putin thing That doesn't help at all either, you know oil can't even hold a price and here now We go again with real estate seven months straight on the downtrend for real estate. What do I do? I need to start really pulling back on my assets and pulling them back under my umbrella, right? That's the right thing to do right Ryan. I tell you what I had my premonition about you sucker I tell you what it was my bad. It was my bad, but I tell you what I'm going to make it right right now, Ryan I'm going to make it right right now By going ahead and I'm going to pull everything back everything that we've started We're going to pair back on we're not going to we're not going to continue any further Okay, because right now September 22nd 23rd. That's it. I'm pulling chalk. So I'm out of here, baby I'm out of here. I can't take it anymore I can't take it anymore I guess that's a I guess that's a way forward We need to stop living in fear my friends Okay, we need to stop living in in fear and let me just give you some Some hard reality. I was going to give this at the end of the live stream But I feel it prudent to give it to you No Because a lot of people can't make it more than 12 minutes and 22 seconds All right, I mean I I could seriously just take all my clothes off and do a pole dance for you And that would be the only thing that would keep you in the independent investor audience But I'm not going to do that. All right. I'm not going to do that for you. You're not so lucky Okay, that show is for one person and one person only Well, let me tell you something and let me let me let me clear. Let me I'm going to level with you right now my friends. Here it is. Okay This is indeed a test And this is a test of proportions that you have never been tested along If you've gone through downturns before in the stock market, you know exactly what I mean But for the majority of people out there, they're going to be like, dang I tuned into this guy and and I'm getting a verbal lashing right now I feel like Ryan has whipping me across the face right now this indeed is a test and Unlike test in your life where it can result in injury It can result in failure. It can result in perhaps maybe I don't know a demotion at work Perhaps maybe even you lose your job Why because you're one of those people who are willing to try Okay, and sometimes it doesn't work out All right Right now is a small inkling of what it is to be a stock Market investor my friends say it with me stock market investor All right, if you don't want to be a stock market investor go ahead and just take door number one Door number one liquidate everything And you'll completely remove all risk from your life all together And then you can be happy with yourself in the moment and tomorrow And the next day You'll wake up and be like Dang, I I showed that sucker. I tell you what that's on the gun He comes on and he influences people. I tell you what he influences people. I tell you why he ain't gonna get to me No way jack. He ain't gonna get to me Right And then a week goes by Maybe the market goes down another 5% It's down 20% right now. Okay. It goes down another 5%. I got the tickets. Yeah, I told you what I tell you what I'll tell you what didn't I tell you here yet? I told you you gotta liquidate everything. We're good to go I'll tell you what as a matter of fact tomorrow. I'm gonna drive down to the bank and I'm gonna get my payload I'm gonna get my payload at $12,000 that I had safeguarded in there that I kept away from that independent investor channel Pella Pella Deller Deller. I'm gonna go get that out of the bank and I'm gonna bring it into the living room And I'm gonna put it on the dining room table and we're gonna sit there and we're gonna stare at it And we're gonna manifest over it. We're gonna celebrate We're gonna celebrate this success right here because I tell you what it ain't gonna be me It ain't gonna be me. It ain't me, babe. It ain't me. You're looking for Okay And then a month goes by okay rest on the decision that you've made Mm-hmm And then two months goes by And dare I might suggest my friends that this audience will in fact encounter Six months down the line from today's date Let's just say when Ryan came on and lost his rocker on the independent investor channel live stream Trying to make a point mind you. I'm completely fine. Okay. I'm completely fine But I'm in character here because this is what gets people's attention and I I'm not gonna do the pole dance I'm not gonna do that. Um, I should because I'm not netflix. Okay But six six months down the line What if it is that perhaps maybe we enter into somewhat of a seasonality? Or perhaps maybe enter into a new year like 2023 when there are some incredible initiatives on the horizon and the stock market does a Funny thing. It does a rolling reversal on you It does a rolling reversal now over the course of that six months You've done forgotten it. As a matter of fact, you've actually taken some initiative You've taken control of your life and you've actually depressed or massaged Or carefully circumvented the unsubscribe button from the independent investor channel You've unsubscribed from the channel and you've done it. Maybe you had a little seance ceremony Right where you've actually unplugged yourself from such things. Boom. I'm not gonna pay attention to that man And you don't you go hoe the garden for a while. Okay You go out and wrench the car for a while Okay, now that cash pile still sitting on the dining room table at 12,236 dollars and 12 cents sitting there. Okay, you showed that something you did you showed him Six months down the line, man, you look at the stock market and you're like Interesting Harriet It seems to sit that interest rate thing. What's it such a bad thing after all It seemed like during that covet thing we gave a lot of money away And and there was a time period where the stock market suffered for it I kind of thought that they were printing a little bit too much money during that time I thought we'd pay for it and I tell you what I just wasn't expecting that 2022 kind of punched me in the face here You know, I mean it was it it was unexpected And the market does a funny funny thing and it does a rolling reversal on you and it goes up. All right all about the time that You thought it was time to pull chocks The the reason why I I draw this staunch distinction is because I I tune in now to cmbc for 10 minutes a day 10 they give a free Preview for 10 minutes a day Okay Because any more than 10 minutes they should slap a surgeon general's warning on to cmbc And they would suggest that too much of this content is just about enough as sticking your head in the toilet and drinking Because it seems to draw you into a narrative it seems to draw you into a narrative And draw you away from the very focus that you need to be focused on Will we go into a recession? Yeah, I don't know Am I supposed to change my habits if we enter into a recession? Am I supposed to feel worse about myself? For entering into a recession Am I supposed to pull chocks? Right now and raise the white flag because ryan took his white flag on september 22 I don't even know what the date today is but september 23 We're throwing in the towel tonight. We're throwing the towel on this deal What the hell are you gonna do? What the hell else are you gonna do? And here's the thing I've been talking about all of the things that have been going on and it's just this what makes me very very unique and very very special Um, I watched the netflix thing and I watched it with it. Perhaps it's arrogance on my part Um, but I've been doing this a long long time a long time And I I'm fighting This idea that you have to be someone special to Uh, exercise a little bit of financial literacy Okay, I believe I have a belief that people can do it That it's funny. It's funny. I don't know coach me ryan helped me Put put a leash around my neck. Please and just just walk me 20 minutes a day Some people need that hand holding. It's okay, but I um I I love the world for what it could be not necessarily for what it is Think about that. All right chew on that for a bit I believe that people have more um ability capability I believe that people have capacity to understand their perspective More than they give themselves credit for I believe that wholeheartedly So when I watch this netflix thing and a lot of these people are earning a living doing what it is that I do now on The youtube independent investor channel and have done for free at my own free will Uh, and I've done so for the past five going on six years Uh, it makes me a little bit proud of the fact that I even more separate what it is that I bring to the table for people and I kind of watched and I was like Man, am I am I really that good? Am I really that good? I've always I've always insisted that the level of success that you have as an influencer For a social media personality and that's all I ever want you guys to um Think about me as Is just a person if you met me in person, man I I would hate to disappoint you because you're going to get exactly what you're seeing right now You would see me I'd say hey, my name is ryan. What's going on? But the sheer success that we've been able to Garner on the channel up to now The successes that have been rendered with people's budgets the introduction to people to the s and p 500 The idea that people can take command over their money without having to crawl To the services of a financial institution or a financial planner Only set forth and forward by the very image of the suit and tie And and the sales agenda that they do a very very good job of keeping As much under wraps as they possibly can It's the biggest sleight of hand. I call it highway Modern-day highway robbery and financial planners don't want to hear this financial institutions don't want to hear this stuff Regular people need to hear it They do and then they need to be free to make their own decisions about what's good for them And finally the tax protection element how much have we actually taught people in way of Looking at your portfolio as a percentage of the amount of tax protection that you have And a lot of people have come with me. I see mats in the group here in good evening to you my friend People have come to me and they say well, you know, based on my income or based on my Ineligibility for a Roth I want to have more access to my money because I want to retire at 40 45 50 whatever it is, right? It just speaks to the individual nature of the plan Not every individual in those unique situations speak to the masses the way I want to speak to the masses Okay, most people and I would suggest 90 percent 90 9 out of 10 people could value from Exploring the options of a self-directed Roth IRA account 90 percent 9 out of 10 Now if you're making more than 130 my friends, I am not one of them. Okay. I'm your host I'm your content creator I'm looking to organically share my story with you guys Yes, the losses in the portfolio right now are very very real Okay, but if we can share those experiences together and understand Why we do what we do we adhere to that discipline We live to fight another day and why we do that Okay, then people can actually tune in and and they can be put at ease a little bit and understand what it is And why they're doing what they're doing And this is why I level with people. This is why I joke with people aside from the stripper pole But I promised you guys I won't do that. Okay I have to make an impact. I have to make an impact for the people who tune into my message And I have to believe that there's people out there that truly need that inspirational message to understand that The message that comes from me doesn't have to come from somebody special Doesn't have to I'm just a regular fella telling you it's okay to dare to uh pursue Greatness and greatness in your life is relative. It's not going to be the same as mine It's not going to be the same as amp george and it's not going to be the same as panellope next door Who cares about your next door neighbors? Who cares about your family members and the success that they honor outside loving them unconditionally? Who really cares about the size of their wallet? Why because your perspective and your focus should be on you and you alone You know how much time I spend Gawking at other people's crap zero zero Right now I have all kinds of hosts of initiatives and every single one of them have everything to do with me That seems kind of self-centered ryan. Call it what you will Call it what you will The second just the what that you wake up and realize that you're living this life for you and not others The better off you'll be Take a hard look I want you to try to find those commonalities in this get smart with money and a lot of you guys have probably already seen it But you haven't I would highly suggest that you go do that and I would charge you with identifying with the common theme In each of the test studies What is it that was identified on the onset? What was the key to changing? Was it physical mental or both? Did the behavior change how much of a change was necessary to render results? Yes How much was involved with another person a spouse a couple or as an individual? How much did mental health potentially play into it? These are all questions that I think you would really get a a good bit of value back out of it If you spent a few moments, I think it's a 60 minute clip Maybe a little over maybe an hour and 20 minutes or so Hour and 10 minutes, but it was a good watch And there's some good fundamental lessons to be to be had there about You know what what's going on in the market right now? I I I always scoffed at those people who are like Yeah, it's okay. The stock market's fantastic. All I've got to do is invest in it and then I'll be done in a couple of years For those people who have been with me a long long time They've heard me say many many times and I'll say it again The stock market is a humbling place Okay, but your choice of being a non investor and taking all risk off the table and actually be being an investor and participating in financial markets Is no comparison whatsoever at all. Look if you want to live carefully go ahead and do that There's a small inkling in my brain They kind of envies those people that just kind of go through life and it's just easy and they don't worry about anything And they're $40,000 in debt and they just keep spending and spending and spending and they love target And they just love it and walmart too. It's so fun. Maybe we hit both in the same day Bed bath and beyond it's so fun to say and the store credit cards. They're so nice And they'll give me 15 off of my initial order if I sign up today It's so lovely Oh, this country this country is so lovely It just pulls a little piece of us in all different directions until our clothes really do come off of us Our shoes really do just float off of us and we're stripped of our home and we're out on the the sidewalk Actually for a lot of people it's ironic that that actually never it never actually gets that bad people It's funny to me the the the minimum level of Civilized living conditions that people can Enjoy and still be that far in debt like I was watching it and I was listening and parsing the words And oh, I don't want to be too harsh here. I don't want to be too harsh, but a lot of people are absolute pussies um a lot of people need to understand that Life is a gift and so are your blessings You need to find and define that medium of happiness for yourself and everything above that line Is a luxury? You you you need to find that happy Medium and you need to find that happy existence outside of the necessity to inject Money or anything material within that Much more difficult to do right much more difficult But if you can find that place Money is a byproduct You'll get to a place like myself that I would if I could just impart to you and I could just give you the greatest gift ever It would be that the least amount of time that you spend And the less time that you spend pursuing money If you have a disciplined program the more money you'll earn Into your into your later life and you can get these disciplines in your in your teens You can get these disciplines in your 20 the quicker you figure this out the quicker It comes right down to this and here's the key to success The quicker you could disconnect with your money the better off you'll be and disconnecting with your money takes getting organized Understanding your buckets i.e. your accounts, okay? Establishing those accounts with strategic goals over those accounts You'll see a little bit of that in the get smart with money program that i'm recommended to you The side hustle money and how that's kind of segwayed into an account A lot of the same way I kind of do my thing I know there's a lot of people in the gallery as well who enjoy that little bit of side hustle And every dollar that comes in helps kind of buffer the losses in the portfolio at least the portfolio Paper losses that we're incurring right now in the stock market It can continue to do whatever it is that it's going to do I will be there at that decision point six months down the line guys. I will be a player in the market I will not be Reflecting back on a decision point where I got upset at myself for engaging in a plan that requires a little bit of risk Uh, I'm not going to get mad at the fact that I tuned into an independent investor channel guy And or many others that are successful stories down to the roots guys I'm going to be there Whether or not you want to take this journey for me whether or not you want to watch the channel Whether or not you want to be envious of me. I would do this irrespective of this project Okay, it's the very sheer nature that I share this that makes this message special All right, take little tidbits use it for yourself Enjoy the journey with me hell a lot of you guys are already there and that's fantastic We want to celebrate success. We don't want to scoff at it. We don't want to lust after it We don't want to be envious of it. We want to acknowledge it And we want to make it more commonplace for people guys. I'll be back with you in just a moment No I agree with these picks here. Thank you very much. Sharon great to see you my friend Appreciate you coming on I'm going to run down a quick list of things that you can ask yourself as a cross check of what you're doing right now Um, are you still diversified assuming that you haven't taken the money? And convinced Harriet that you're going down to the bank and you're going to place it on the coffee table If you look at $12,000, it's actually kind of cool. I have before I have one time in my life And I was like, wow, that's a lot of money man for $12,000 It was the exact fishing check that I got and I cashed it and it was in my hands for all of about I don't know an hour and 10 minutes until I had to Put money aside for taxes pay all the bills that had built up And and and put a little bit away in the savings account and then It's gone It's gone right That that's quickly where I learned the very very important lesson of looking to separate from from your money because in all actuality If you'll feel better about taking that $12,000 or $25,000 or whatever. I just use that as a token amount Um, you're missing my point if you don't understand Um, you're not going to do squat with that money anyway. Okay A lot of people need to invest out of necessity Not not out of a desire to fulfill some sort of fantasy you have about tripping and falling into your viper All right, a lot of you guys need to kind of like, I don't know whip your own ass a little bit and and and Toughen up a little bit. Okay because if it's not me telling you who's going to tell you and People out there who can self motivate Fantastic, there's a lot of people out there that need to hear that it's okay It's okay But if you look at your portfolio in your program and you're still invested in these markets Are you still diversified? That's key over your diversified suite of assets. Are you still diversified? Yes or no very very simple very simple All right, if you own etx index funds, if you own the s and p the answer is yes for you. Congratulations um Are you still adding in these markets? Uh, it's test if you have the the mental fortitude to actually invest into down markets I've been through this before I've been through it a lot of times. I'll go through it again um But the ability to add strategically in markets is a skill There's no right or wrong way of doing it The easiest way is to do it every month through a dollar cost average program and there it's done man It's done. You don't have to even waste your time with me, man. It's freaking done Ryan says i'm good I say you're good. You're good. I give you the blessing. You're good to go your dollar cost averaging You're buying the market in the dip will it continue to dip the dip the dip? I don't know do the dip and dip and dip and then it's a dip and dip and dip when it turns around You will have bought the dip Okay, you will have bought the dip because you bought systematically on the way down this This is not rocket science guys and I I know I think it's cute. Okay. I could paint a mustache on I I get it It's cute. It's catchy But nothing of what is being said is that freaking special? Okay, I'm speaking English predominantly to what I would consider to be a predominant English Audience here and if I'm speaking as clear as English as I possibly can I'll tell you that you can do it too and you don't need to look at my pretty face with a Mustang A mustache that twirls and gets people to watch me. Okay stripper pole. All right Have you improved something over the course of this downturn? I earmarked to the day and to the month The very time on the charts where I earmarked the month of the downturn starting and that was January of 2021 It was actually after a regime change of the presidency Now I'm not suggesting that had anything to do with this downturn Maybe it was ironic. Maybe you agree. Maybe you don't agree. I don't really care It just so happened to be January of 2021 when this stuff started to happen for me Okay, maybe your guys's portfolio was going bananas, but I'm looking at the portfolio right now and it's heavy in the red On names that I want to continue to hold like Aaron talked about some of the opportunities out there I think Facebook's trading at 13 times sales force Even some of the micro cap stocks that I hold are now coming to profitability Have coming off a fantastic quarters and they sell off highly on great company with innovation Additions knocking on the door to stepping into increasing revenues They're going to increase revenues next year and then stepping into the back half I'm going to increase those revenues as well. Those companies are doing well only to be falling on deaf ears in the market right now Some companies that are trading it Almost such recessed evaluations that they're almost even money You're basically just buying one for one Every share of stock that you own you own real dollars in the company It's that bad right now And I explained it over twitter as being a severe disconnect between what's going on in the market um and and the reality of the situation and Uh, you know, I mean there were some people that came on and they were screaming and yelling today about your own pal raising rates He has to do it. Okay. We gave every nimrod in this country Thousands and thousands of dollars. Okay. It was the first time that had ever been done Okay, everybody got their money if you had a bank account and a social security number and you can Declare your favorite color to the government. You got a lot of money It's first time we ever done it. You can't do that Okay, you can't do that. I disagreed it with it when when we were doing it I have compassion for the situation. I truly do but I thought it was the wrong Way to go about it and lo and behold we are suffering from it right now And it's not because of Jerome Powell. Trust me. It has nothing to do with that It's because we have too much damn money in the system. That's what it's about Okay, so for you guys that are sleeping under a rock and think that Jerome Powell is to blame for all this You need to wake up and you need to understand that supply and demand is a two-way street Okay, everybody was happy as a clam last year when the market just started to roll off And there was a few cracks in the market, but the market was still holding in very very steady Not a whim not a whim of correction Not a whim of recession Not a whim of any type of of multiple contraction Which is everything of what we have right now not a whim of talking about a stock A real estate market that everybody in their right mind knew was bananas. Everybody knew it was it was bananas Everybody there's buyers remorse going on right now like no tomorrow. Okay The real estate market is rolling off and rightfully so is that going to be a systemic shock to the market? I believe that it will I believe that it will So we will see what happens. Okay In your own personal households has your debt Over the course of this two years gone up or down very very simple question Has it gone up or down? Have you had the ability to reduce some debt by strategically looking at an arm of your portfolio and saying, you know what? I want to improve upon that. I want to make that better While all this crazy nonsense is going on in this portfolio and that Jerome Powell I just want to kick him in the teeth because he's a bad man He's a bad man and by god Jerome owes me Okay, the whole government owes me man. It just owes me. I'm gonna quit I'm gonna quit my job I just want to be one of those people that get sent to paycheck just to be Just to be Because i'm special enough just to be and collect my paycheck No No Get up off that ass go earn that money, baby Go earn that money. I wrote this down This is one of the very very things that you can actually do right now is bear down and dare I say I don't know work. Maybe maybe you get a promotion out of the deal. I don't know That's what i'm doing right now. That's what i'm doing. I'm hustling All right, and i'm doubling down on my work ethic. Why because that's the very fundamental that's right here It has never left. I would presume you feel the same unless you're one of those people who think the government owes you I don't know but i've always been able to rely on my work ethic to dig me out of whatever hole I've gotten myself into and trust me there have been many pitfalls My whole life is like a game of that original Atari game pitfall remember you swing across the vine Yep, and you end up on land and then you run and then you fall You into the into the hole and you start again and you roll you run again And you jump over the boulder and you jump and you grab the vine Right and and you swing across the trenches with the alligators right my whole life is like that All right, but if you're going to spend your whole life on the couch Expecting that somebody owes you k you would get no sympathy from me This is about the time those people can shut me off because really I don't care I'm 47 credits away from my goal of zero on the independent investor channel And i've never had zero in five years of doing this product So i'm going to continue to do it until I have the ability to drive those credits down 48 bullets I can fire away at the live stream for where I get my goal To where I've absolutely obliterated the entire audience and nobody wants to come in and talk to me Because i'm just so real and just i'm just I just I don't want to get off the couch right and I like my cheetos Leave me alone How much is the of your money is tax protected Okay, so when we look at the total overall thing and you're like dang I'm suffering the portfolio is down my portfolio is down as I presume that yours is as well But it's never as bad as you think that it is when you're looking over the smoldering dust Okay, you're looking over the smoldering ashes Okay, of the of the money that was That you could have taken out put on the copy table and just stared at for a while and you would have felt better about yourself But you didn't okay now mind you that money amount Is still represented in the same amount of shares that you purchased in the in the shares It's just that the shares are worthless money. Okay right now right now So looking at it in the acute really doesn't do you a whole lot of good But How much of your dollars you're tax protected that's very very important to understand for those income earners that have that ability to contribute to the Roth You need to take some comfort in the fact that the dollars that you have in those accounts are tax protected and finally Are you self-directed? This is the this is the huge differentiator And I just told if somebody came on my channel, they always do they love me They they love coming on because they know that i'm going to punch back and it hurts them It does because my left hook is a really really good one. My right straight is very very tough But they always want to come in during times like this and say See I told you I tell you what the value of a financial planner in down times has never never been so evident right now I tell you what come to me come to me man. I'll take care of you. Come on. We're all like family We're all like family really how much does that family advice cost? Let me guess three percent, right? modern-day highway robbery modern-day highway robbery There's a little bit of um motivation. I just lost a battle this week against the man Financial institutions do not like us coming on and talking about topics like diversification And etf products like the smp 500 now mind you I can say smp 500 I just can't name individual products out there because evidently Nobody on the earth understands that there's a company called vanguard that offers said product Furthermore if I came on and I offered my youtube independent investor opportunity and I talked about bicycles Okay, and somebody took my advice bought said bicycle went out on the road got themselves killed Okay, I could not be held liable for that because all I was doing is recommending the color red Which is my favorite on a bicycle and they just so happened to go and got themselves killed Okay Well, they saw it on the independent investor channel and by god He didn't he didn't mention to wear a helmet and he didn't mention to ride out into Oncoming traffic and and and ride Valhalla style into oncoming traffic and now they're dead. Okay No, the financial institutions man. They can't have it all All right This is not a topic to suggest that if I say that apple computer exists out there that I'm somehow Stepping into an arena of some gray area No apple computers exist and my friends I own shares in the company The very landscape is changing and understanding the opportunities out there and those opportunities are made possible by people like me Who come on to a social media platform? And I speak directly to you about what opportunities? Yes indeed do exist and it wasn't until 10 years ago that I understood that this very same financial institution Offered the self-directed Investor program and a guy like me took it and lit it on fire And accumulated $500,000 of net worth in a very very short amount of time and oh, oh, no We created a monster. Hmm. Maybe we shouldn't have done that Maybe we should have kept it all exclusive and made people understand that they need to be Hindu cows for the rest of their life And they need to crawl to the services the financial planner To somehow seek out a nominal retirement. Oh and by the way in down markets like this right here Those people with financial planners, they're still paying their 3% mind you I'll drink to that because I sure as hell. I'm not I'm fine My portfolio is what it is And if the only value that the financial planner has in down times is to provide me a little bit of Encouragement Ryan what I need you to do is I need you to hold you on financial markets because we've been through these volatile times In the past and they will in in time pass as well And they will pass for you too my friend Listen in six months or a year's time. Do you want to be looking at this time right now? Having been succumbed to the volatility in the markets only to liquidate your portfolio and regret doing so Ryan I don't need that Either to you because I tell you what it's really expensive It's expensive It's expensive There's a little bit of like sheer just Doing this for the sheer principle of it Self-directed investing is very very fulfilling Because I only answer to myself If I make a mistake a mistake like a lot of people would suggest that I've made with highly on At this particular time, which is One small aspect of my portfolio. It's my largest single holding But I have hundreds of thousands of dollars wrapped up in the passive markets Why because my conviction lies there it always as I've always taught along these lines And people who invest like this understand that If the market or the smp is off 20% Any investor out there should be able to and I will premise this by saying it is a condition of success in the market To be able to weather these Inconvenient Timings in the market. They're just inconvenient. That's all there's all kinds of stuff you can do you can buy when it's down SMP is a barometer of the stock market, right? So you look at the smp when it's down. What do you do? You buy more you buy more Really simple I I don't know how to make it more complicated for you. I I could try But it's actually very very simple If in fact you want to be an investor if you don't again remove all risk from the table Go set it on the coffee table and you can look at it while you watch netflix. It's not simple. Okay Very cool stuff We got 10 minutes left here guys. I want to get to some of the comments man I got a hell of a gallery in here. Very very cool. JJ. He says, what's up, Ryan? Very cool, man. Great to see you my friend Very cool. Not too much working my tail off. I'm exercising I'm focusing on those areas that I would Wish upon anybody in times like this to focus on because I'm telling you I'm very very busy I got the kid playing soccer again My work is absolutely fantastic. I'm I'm climbing one rung at a time And uh approaching a multi decade goal of mine And I'm very very proud to say that I kind of see the light there I kind of see the light and I it's very very motivating for me And uh, let's see. Let's see when we can get there man. I'm I'm super stoked on that And and that's why I kind of cringe. Look man. It look freak guys freak freak and freak If you can retire at 24 man, I'm freaking all about it. It's not me. It's not me And I'm not going to apologize for that if you don't like my message And you want to say I want to retire at 2024 and Ryan doesn't like that. No, it's not that I don't like it I'm just telling you okay. Not everybody can retire at 24. I'm sorry if you don't like that That's just a freaking reality of it. Okay, and some people like myself call me crazy like my job I like it Maybe there's other people out there that like their job too. I don't I don't know You know It's okay teach his own baby It's times like this when I look at my job and I'm like dang I feel freaking sorry for those people who thought that they were going to be youtube millionaires And now they've got 40 or 50 000 subscribers and they're making $400 a month and they're like dang This wasn't as good as I thought and oh by the way if I stop youtube owns me If I stop I'm screwed I'm screwed That's the thing guys if I wanted to just chalk up the thing about the independent investor channel Let me let me impart to you something This is a project that means a lot to me. Okay It means a lot to me because I feel like it was a a calling of mine To engage in this project and here we are But here's the thing I have never ever ever Done this project because I felt compelled to do it In other words, I've never done it because I felt that youtube or somehow I was slipping in the algorithm Never I do this project when and how I want it and that's it if I want to take a week off I do it does my ad revenue suffer Yeah, it does but I get to me maintain creative Governments over my channel youtube doesn't they hate me I'm using their platform free of charge to retain That very freedom that I want to retain that they own of most others Now most of these other channels that are making tons and tons of money I I give them all the credit. You're missing my point You're missing my point. This is perfect for me. This is great If I could make just a little stipend to kind of make my time worthwhile and kind of look at it and say man alive I don't I want to do this. I don't want to sell ebay. I don't want to do craigslist I don't want to do this or that over here. I like doing this. It's not work. Boom. You do it Right It's very very cool. It's it's very very very rewarding in that in that sense. It's very cool, man But um derrick I really appreciate you man. It looks like you've got a bass there It's kind of small. It looks like a smallmouth bass. I could be wrong. It could be a crappie I'm not sure I'm taking a A dander at it. You are a long-term subscriber and I really appreciate that man Your subscriber shift to this channel means something very very simple When you subscribe to the independent investor channel, you're subscribing to somebody who you know is going to be there 10 years down the line 10 years I will be doing this project. Will we be in the same boat that we are in now? I'm betting on no I am a deductive Reasoner my friends. I would highly encourage you to take on that logic Okay, if you think that you can somehow pursue riches in this life by not investing in the stock market I bid you all the best. I do I just cannot in all of my rational comprehension Come to that end the only end that I come to is identifying with the two most lucrative assets in this life real estate and stock market and right now the stock market is it for me and if there's anything that i'm like worried about Or identified as a delta in my own program It's the fact that I don't own real estate right now and we'll be looking to change that within the next five to 10 years I have a looming cloud above my head that most people don't have to and that i'm owned Okay, if if they say jump I say how high I don't have the luxury that you guys do I don't have the luxury of this one test take and god bless her soul man She had 40 000 dollars in credit card debt But it looked like she had an awful nice home nicer than the one that i'm frequenting now okay, so Really kind of comes down to your perception, but I really appreciate you stop by uh derrick. Thank you so much Man appreciate you and uh, hope all's well with you very cool stuff man cool I got the dating site on here fantastic. We want to give them some love. This is youtube Right, so I spend a lot of my time swatting the fleas on youtube because Evidently the think tanks google can't figure out how to do this Okay, they can't figure out and it helped for a while I know it could be a targeted hit on the channel because like I said man YouTube cannot like me. I'm not good for business. Okay I'm not good for business because my sheer intent isn't to accommodate or appease youtube My intent is to use my reach to get to somebody in australia to get to somebody in london england To get to somebody in india Yeah To get to those patrons who wake up in the morning over tea and watch my youtube channel every single week in eastern europe Okay In places all over the world new zealand wherever it is Those are the people that I advocate for and those are the people who I do the channel for It's that simple. Okay, very very cool. It says 12,000 disappears on a heartbeat $12,000 man is not that much money. Um in relative terms. I mean what just A colleague of mine today He said something really interesting and I really related to it talked about the psychology of people Uh, I like the psychology of people as it relates to money And how people go about people for the for the most part Even people who went through school and got good grades for crying out loud and you ask them and it's like, yeah I've done this and that I've done this. I've traveled the 16th chapel and the missing that we've seen the great periods of periods of Egypt But they they can't get out of their own freaking way to save some money I mean, I mean it's seemingly the most elusive thing on this earth and I'm like, no, I did just to save the money I mean, how long does it Realistically take you to get to a thousand bucks and and maybe I don't know 5000 and then be like, hey I can do it man. Ryan says I can do it. Yeah, let's go for 10. Boom. You're at 10 and you can do it and sooner or later you're at 25 and 50 then then it gets tougher because then it's like, okay 50 now. We're kind of getting real I mean, maybe I can buy I don't know a halfway decent car with that anymore. I hill. I don't know. I don't know I don't even think that way. I don't even care Because what I'm looking to achieve is financial security and the cost of financial security anymore is very very costly It's very very costly and it's a luxury. It's a luxury that a lot of people say they want Uh, but but they are not willing to put Aside their own agenda and follow a disciplined program. They are their own worst enemy And and they get in their own way most of the time That's a very good point very good point. It's $12,000. It's a hell of a start The vast majority of people don't have $10,000 of personal wealth That is invested and working for them in the stock market my friends. That's a fact If you're in that camp change it change it. It's all just a decision when it comes down to it. It really is Let me cruise up here and check here No recession says the White House if there is then it's I know I think I saw some stuff like that today kind of funny, you know Yeah, it's it's the world we live in now. It's pretty interesting. He says I'm a financial advisor Financial advising as a profession Okay, can be very very noble the huberts. You have to agree with me here, man Here's the thing. There's independent financial advisors out there There's people out there that do basic terminology like I do let's be real introducing somebody to a budget Introducing somebody to a Roth IRA Introducing somebody to the concepts of risk tolerance and diversification That stuff is like investing 101 and the masses do not understand investing 101. They don't they don't understand it furthermore, I would suggest that Financial planners do a very very very poor job very poor job Of disclosing the impact of fees from an amortized perspective over the life of that potential investor Case in point when you go in and you buy a house What's the very thing that you have to be disclosed upon and that's the amortized schedule The very idea that you are agreeing to a certain interest rate over the course of that 30 year mortgage Or 15 year mortgage and what the ramification on the back end of that acknowledgement or commitment will mean Look if you want to if you want to make a an amortized commitment and understand What one two three percent and a lot of people are going to come in and they're going to say I'm a financial planner. We only charge one percent. That's bullshit That's bullshit the cumulative fees in the industry is just way way too high For the services that are rendered and I would go out on a limb and suggest that most people Do not understand that and furthermore would understand that they don't have a choice in the matter They just don't have a choice. I've been on both sides of the house. I'm still friends with my financial planner I don't mean this to impugn the good work of the good financial planners out there that help people that cannot help themselves Okay, and there are people out there that cannot help themselves And those are people that may not even be able to be helped by the financial planners I would presume but if there is an opportunity to be helped. I'm all about it. I'm all about that Okay from an individual perspective what I have a problem with it is is an industry That is predicated upon this idea that somehow you are provided a strategic advantage and my friend I just do not believe it. I just don't I love you to death. You're a staunch Phenom phenomenal follower of the channel, but this is where perhaps maybe Myself and you and the rest of the financial planning community Would just easily sit back and and disagree and it's it's easy to do that. It's easy to sit back and say I disagree. I provide a valuable service blah, blah, blah. I should be compensated for my service I think times are changing. I really do. I think times are changing with the access of information And I think if people understood this very very simple simple fact Buy the market and hold it long term How much high I'm holding do you honestly need to deploy a strategy like that? I'll leave that rhetorically to the group guys. We're winding down I appreciate you guys tuning in with me. I want to keep this as close to 60 minutes as I can Kind of an impassioned message today. I don't know how much longer this is going to last but I don't really care All right focus on those things in life that are indeed important. Leave the portfolio alone We will continue to footstomp this message and fight for better days. They are absolutely on the horizon This doesn't ever last forever. It doesn't do I think the damage that's been done is going to take a little while to repair. Yes, I do But that's all right, too All the while enjoying diversification adding to the markets watching your wealth grow in other strategic buckets identifying those areas in your portfolio that can be improved upon and always Continuing to sharpen the spear in your application and your knowledge about financial discipline and financial stewardship In your own personal application guys, I appreciate you tuning in to the fast to 60 minutes on youtube We'll catch you next friday on the independent investor channel live stream. Have a great great weekend