 And we are live here Friday evening and the independent investor channel like to welcome all the Devote loyal subscribers back to the channel very very important. We do this on a weekly basis We do this for about 60 minutes very important to Continue to roll out my perspective on investing Try to fight some of the Misconceptions about investing. I think if people would just spend a few moments Self-educating themselves up. This is a self-directed investing channel Some do seek the services of financial planner professionals. I just think we're in a new era I think with what we have now with regard to access we just define those accesses for people They'll understand that those levels of access really provide very little to no excuse As to why you can't look to potentially share in my vision That investing can be a lot more accessible to the masses And I still think we are fighting a Misconception that investing is hard Investing is like gambling investing you've got to get lucky or If I get involved with investing at the wrong time I could lose All kinds of different deliberations. You watch the propaganda that comes through on the television screen. I Think they would have you believe that there's no hope whatsoever And I think if they have their ways, I think they would have you crawling And begging for help because you've been put up to an expectation that is insurmountable I'm here to break down access to something that is all-elusive and For a lot of people. It's a very very uncomfortable topic. I think for whatever reasons sometimes we go through life in a way that Money eludes us all the while it's right there It's involved in everything we do Go feel the gas tank. You need money you go buy groceries. You need money You want to dabble in the luxury category? It's going to take some money to go on that vacation that you want Want to splurge a little bit? Buy something nice for yourself This habit forming behavior sometimes can materialize in what I think is something that Plagues a lot of people in their inability to identify surplus capital in their budget And I think if you're going to segue some dollars to an investment Type of route for yourself. I think it is imperative for you to self-identify with your ability to break away from habits Or even if you have the inability to identify that you are involved with some habits I want to call them bad habits. I'm not here to judge you I'm just somebody that comes on to YouTube and provides a very very realistic a very very down-to-earth Opportunity for people to understand my perspective on investing What gives me the criteria to invest? Well Anybody can invest And I want to break down access for people and the accessibility of financial markets for all investors out there On more of a grassroots level. Okay, and here we are in February of 2023 Still discussing this looming recession We're still talking about see with the markets been on a little bit of a run-up this week has been very very tough so You know, are we defaulting back to the habits that have consumed dust in 2022 or are there better times ahead or? You know, where are we going to be in six months all the things that really don't matter at all. It'll matter because when you are Running yourself through the self-dibble deliberation look you could come to me and say I get it Ryan up I appreciate all the instruction. I appreciate what you're trying to do for people, but investing is just not for me No problem You're going to live your life You're probably going to do great things. You're probably going to make mistakes like everybody else You're probably going to have some successes in your life, and that's totally fine, too whether or not you want to invest whether or not you want to See the benefit in investing see I'm of the mindset that believes that It's more of a necessity to invest rather than a choice And I think the unfortunate part about it is people who choose not to invest unfortunately don't have a level of insight that I have to understand that Life is all about an evolution and it's about a process of getting to a point where you inevitably are looking to go Okay, you can kind of transcend yourself to a place in your life where You can maybe I don't know imagine that you're older than you are now Maybe Imagine that you're going to have the eligibility to retire some day What that means for people is completely different I've got young people across YouTube who want to retire at 25 years old and What they do with the rest of their life is totally up to them I think if you asked them they probably wouldn't know what that what that entailed in Itself, but it's the common And it is the popular opinion now is that okay? Opportunity is so in your face and it is it is I'm a little bit more realistic with my insistence that people Still should pursue some level of career path Look if you're the smartest tool in the shed Which there's a lot of people out there that are a heck of a lot smarter than me And I can guarantee that out of the audience that are in the thread tonight participating in the live stream Would probably agree with me that there's probably a lot of people out there that are a lot smarter than them as well and That's okay But if you think that that smarts is going to Automatically put you on to a magic carpet ride to multi-millions of dollars and that somehow you're gonna graduate to a place of Appreciation for that money having not worked for that money I'm here to tell you that I don't believe that that's possible Now you could have mental toughness that could surprise me You could come from the absolute dirt And you could surprise me and you could say yep I'm very thankful for my you know, $14 million that I was able to make overnight By watching a certain concoction of YouTube out there I'm here to tell you that just like anything Too much of anything is probably a bad thing Too much YouTube is probably a bad thing as well as a matter of fact I think a lot of people need to initiate their governor on YouTube and Try to limit the amount of influences, especially when they sit back and just consume as if it's gospel or they Consume a piece of content where a successful YouTube creator comes on People view that as if they've seen the second coming of the Christ and I'm here to tell you that that's not that's not the truth at all The availability through social media to understand some pretty diverse stories out there people who have come from You know not successful places and they build something very very special on social media That's great. Do not misconstru that for success. I Think that's a fallacy in our social media landscape is that Unfortunately the idea and the consuming and really the psychological Addiction that you get by that can sometimes be consuming ask yourself Do you have your favorite youtubers out there that you just would never miss from week to week? I know there's some people who really maybe feel that way about me and I'm a pretty humble guy If you told me hey, I just come in because you're entertaining and you're funny And you tell jokes every now and then and I get one laugh out of every 60 minutes I'd be okay with that you could come in and say hey, I I totally don't like you at all But but you've got good content or whatever to each his own as far as What what you find in value see I really try to drive to Offering content that is very very real and very very personal And for people who can sit across from my message on a Friday I feel like they've got a pretty good idea of who I am and It is very very real It's very very real and the investing discussion for me is like Giving me a candy store and put me in the middle of it and given me that candy store to do as I please with The independent investor channel is just that my friends. It is just that I Feel like I've been given a very very big gift This was through my own Really through my own personal initiative to build the project up, but but it goes deeper than that. It really does I Would do what it is that I do with my own personal financial application If that worked for the compliments of YouTube YouTube just so happens to be a nice conduit So not only track the journey To fact check what it is that I do to share the evolution of the successes And also to share the evolution of the failures See, I think that's something all too often that is missed as well I know that there is a very sexy appeal to a YouTube content creator or social media creator that gets off a perception of utter and complete bliss and happiness all the time Do what it is that I do follow my nine steps to success and You will in fact enjoy that same success as me You won't hear any of that for me Because my own personal Challenges and my own personal pitfalls are my own And it was very very necessary to go through both equally to get to a place in my life where I'm very very calm very very Comfortable with sitting across from a YouTube audience and sharing on both sides of the spectrum. Why do I do that? It's because I think you're probably You're probably juggling a healthy mix of both just like me and just like the thousands of other people out there Trying to carve out a life See, I don't think that the common application is life in life is to aspire to riches overnight I Think that there's probably a certain level of Acknowledgement to the opportunities out there and I think people do and could Pursue success with a little more ferocity as opposed to zero ferocity in life. It's it's okay I don't know if it gets misconstrued sometimes as if it's a Selfish pursuance of an end I'm not really sure. I've let a lot of that go in my life And I'm very very confident in the fact that I used to not be I used to not be Yes, I've always been the same fella. I've always been Motivated by the idea of success Motivated by the idea that if I did certain things or tried certain things and I acknowledged that those certain things worked for me Okay, and by the same token initiating certain things that maybe didn't work for me that I could collectively write Gravitate to these things over here And look to avoid these things over here. Okay by nature of my power a very simple observation Right And I think people can really relate with that But ask yourself I mean I I'm very very challenging and if you if it's your first time to the independent investor channel live stream You're in for a treat. I don't deliver the goods after 60 minutes. I shut the project down You take it for what you will go on about your lives do what it is that you do with your time Deploy some of the techniques that I talk about Ask some of the rhetorical questions that I challenge the audience to do Because my champ my channel doesn't allow you to come in and be entertained for 60 minutes and and waste both mine and your time I don't allow that. Okay. I Have an uncanny ability to put myself in your place And I think that you'll find that it's extremely Addicting to understand that I care a lot more about that than I do about Selling you on some sort of an image that I know in my heart of hearts is not there and I Will tell you this It's not there for you either. Okay, you're not perfect either The cool thing about social media at least the social media that I carve out is That if we can be honest with each other and what we're trying to get out of this process If we can identify that all right, maybe it's not going to happen overnight, but eventually If we keep slow and constant pressure on this thing Are we upping our odds of making something special happen in our lives? If we do the right thing Are we keeping that? constant slow shirt progression to an end that is worth pursuing and We are pursuing those ends by nature of our own initiative Not the motivations of others, but by our own initiatives Whatever it is that you derive motivation from and I believe that there's others out there I believe that people honestly can feel and Reciprocate with the fact that I I have fire Have it have it have it It's what gets me up every single morning at 445 in the morning 445 glad to do it I'm in the gym Because I want to prolong this life as long as I possibly can Super thankful We all have blessings. They're all different Mine are different than yours This investing thing that I'm going to get into after I'm done setting a framework for you Psychologically and philosophically both very very important If you're a psych psychological disaster in your mind, okay, I Hope I can help you, but I'm not a professional Okay, this is YouTube All right, you get to tune into YouTube in the capacity that you see and that you desire Fit for you. Okay I'm not a professional What I share through YouTube is an absolute real and concrete Testimonial on what it is that I do. You don't have to agree with everything that I do This is what I do. Okay I don't ask to put my program out there and have everybody just fall in line like a bunch of Minions sniffing each other's backsides of the person in front of them to get in line I'm asking you to actually put yourself on your own island Define what it is with what you want out of this opportunity And over the next 40 minutes on this live stream. I'm gonna challenge you to do just that I Put some very very interesting Questions in place to where if you truly Want to go from a non-investor in this life. I Don't know how many are out there. I have no idea. How many people out there are just kind of Me hindering through life. It's because they were provided privilege for their entire life, right? They don't have to try to be as aggressive as me. I'm aggressive. I come from the dirt I was very loved come from a phenomenal household But I didn't come from opportunity Okay, if there's people out there that see things the way that I I see it I know people who come from opportunity and they still resonate with the same fire that I have I Respect that you're trying to carve out their own way They're trying to find their own motivation Look if you make twenty five thousand dollars a year there is a path for you If you make a hundred and fifty thousand Does that mean that your path is going to be significantly easier than the path of the person who makes twenty five thousand? I think not I think not because you underestimate the power of the mind and the power of the mental capability of people to control their fate Control their fate and it starts by asking rhetorical questions and in some cases scary in Some cases, it's going to require you to change your habits in a lot of cases. It's going to require you to cut back In some cases it's going to require you to stop buying a car every two years in Some cases it may require you to seek out a better employment opportunity In some cases it's going to require you to identify surplus capital in your own personal budget That you in fact thought 100% did not exist I'm going to help you find it as I appreciate you tune in and then we'll be back with you in just a moment That appreciation is very kind I enjoy it. I thank you very much I'm humbled This is just a compliment to some interesting technology Built my friends over at Apple and and a webcam and and some really expensive lighting actually That allows me to come through like this and as a matter of fact this microphone in front of me is actually fairly expensive one of the most expensive pieces of Equipment, but I tell you what as I go through this deliberation the business aspect is Really starting to unfold for me. That's really starting to transpire, you know, and it's amazing how How few people reach out to me on that? I think if there was going to be a Summary of the last two years in financial markets, I would suggest that it's been horrible It's been horrible. I'm okay with that It doesn't change my investing thesis contrary to tonight's title of tonight's visit video of you know This what does it say stock market selling sprees back free advice sell everything now before it's gone? How many how many of y'all actually believe that? the reason why I put that out there is because The market bottomed June of last year now if you had sold everything You would have missed out on a rip that has been phenomenal Doesn't even matter over the course of that entire time frame. It's been pretty terrible phenom. Thank you very much I really appreciate your continued support of the channel. I really do means a lot to me Thank you so much. You've been with the channel a long long time really appreciate you man But for all the people who think that somehow they can make maneuvers right now in the market to somehow avoid I don't know a looming recession in 2023 a soft landing and they make up all kinds of stuff That's really funny. I'm invested for 20 years down the line and I'm willing to Put my conviction up against the idea that if I'm wrong, I just give it to my kids I'll just take the same discipline and I'll say here you go kids. All right. I've I've failed in life. I failed to get to this arbitrary figure that the pundits on CNBC said that I should have Jockey back and forth every week. That's it's every day really. I mean, what would they talk about if they just gave sound Advice to people. It doesn't matter what the market's doing today The market's up 500 the market's down 500. It really doesn't matter You should really just do yourself a favor and shut me off right now because nothing that comes out of my mouth Is really going to do anything to help you actually tangibly make changes in your life Tangibly make real choices to actually question what it is that your risk tolerances or what your investing time horizon is How long do you have to invest? I know there's a lot of people in their 20s right now that are wasting their FM time on YouTube wasting their time What's your investing? Time horizon. What is that Ryan? My investing time horizon is to get rich and pay $5,000 to get involved in a trading club So I can retire next week People do it Ryan. They do they do man it it happens and it can happen to me Cool all the best all the best of luck to you man. It's fantastic. I've nary at that Matt Matt one I Wish all the best make that 10 million. I it doesn't doesn't matter to me I've almost rest assured guaranteed myself a seven-figure and I started with zero. I think it's more intriguing to understand and study The steps that I've taken along my life The problem is it's just not attractive especially on a 60 minute YouTube offering on a Friday evening for you know An offering that is supposed to capture what is supposed to be a lifelong discipline people don't want that People don't want that They want to come in and they want to get the answers from me And they want to understand exactly how it is that they can get where they need to go with as little effort as possible Why? Because the value is supposed to be there on a program that doesn't cost them any money to view Really it doesn't cost you any money to sit here and subject yourself to my jokes my dry humor My probing of thought the utter sense of challenging you to think potentially different I don't know. I don't know most people live their life in an utter rut They can't change they can't change I talk to people all the time who I'm just like wow If the roles were reversed and you met somebody as passionate about me, and I was like yo, man I'm literally grabbing you by your ears and being like You're not gonna find your answers on YouTube. You got to find them yourself Okay I'm one of those funny fellas that actually point that out to people It's what people tune into me. So I get it It's okay for shaded light who's in the house tonight to be shaded light to be Eric and go work a normal job that support a family and make monthly income and Invest in the way that makes sense for Eric and shaded light or Jared who's also in the group with me He's been with me for years gets it Enjoying a level of success as an individual investor that if you're new to my gig You will have to learn to appreciate over time But don't expect me to give you all the answers in one session. They can happen. They give me happen Your expectations of me are too too much your expectations of yourself are too much piss off This off go make it happen You want to put an iota of attention to this topic? You want to put an iota of effort into this topic the way that I do? You might start to find some results for yourself. You might surprise yourself like I have all right I'm just a dunce from the country used to skinny dip in the pond and kill bumblebees with freaking mud patties down at the pond Right went to a country school My high school my graduating class had 108 people And I was sometimes have to pinch myself and remind myself of that very thing in Retrospect and acknowledgment to what it is that I do now in the big leagues now, baby I've carved it out for myself done some of the most difficult things Some of the most difficult decisions that anybody could ever make Stared fear right in the freaking face many many times And I'm not suggesting that people need to go through as hard of a road as I did But it certainly has carved out what you see in front of you Mm-hmm. Yeah, it's why I can deliver the goods unscripted every Friday I speak the stuff right from the heart. No problem. I could talk for hours on this stuff Personal empowerment and finding that meaning of life to where you can almost taste it. I Do truly walk around with my head high Everything that I do I enjoy no matter what it is Some things less than others Grocery shopping here in Staten Island is difficult I don't like to go into a Costco on Saturday here in Staten Island. That's that's not enjoyable Okay, but the very fact and acknowledgement that I'm at a place now in my life Where I don't really have to worry about the grocery bill too much, which is one of those basic needs, right in the hierarchy One of the 16 items that I have in my little recipe of Awesomeness that makes me click Mm-hmm When I'm in that top portion of my pyramid man after all things are good, right? If I'm focused on the car if I don't have any fuel, I don't have employment I don't have a steady income. I don't have a good handle on my health and health fitness I don't have a good handle on my diet If I have multiple things going on how the hell am I supposed to reach the top of the mountain? I might how am I supposed to do that if somebody knows a shortcut or somebody can drop me out of a hot air balloon No pun intended to the top of the mountain. Please let me know. Okay, some of you guys are like, yeah No, just like the Sphinx man go inside the pyramid and just go up the middle right and it's all good There's an inclinator all the way to the top. It's all good. I Don't know. I've yet to find shortcut. So I had to stare down The lack of credit that I had in my life and I had to fix it I had to look at the fact that I was not satisfied Being unemployed in my life. You ever been unemployed in your life. I had to look debt serious debt in the face and I had to ask myself is that something that I want to endure for the rest of my life Or is that something that I want to fix just just a question I don't know. Do some people just fall over and yield. Is that what they do? I don't know I wanted reliable transportation. There's a time in my life. I couldn't afford it. You think I'm joking. I was willing to go through radical changes to Streamline my opportunity that I thought would lend itself more More to those ends scary decisions guys, trust me. Yeah Scary decisions for you guys that have privilege You typically don't have to go through deliberation like that You typically wouldn't have to put yourself in a place like that where you know, you put your own personal safety at risk You put your mental well-being at risk You put your own physical and mental ability to the test and take it to the limit To see what you're capable of in this life Define a spectrum of of of tolerance in the life right when I'm chilling I'm kind of in the middle when I'm kind of pressing I'm on I'm on the one side when I'm on the other side I'm I'm sleeping All right, let's get into the nitty-gritty here guys Investing the independent investor channel is all about investing with an earmark on self-directed investing And I'll kick this off and I'll coin it in a way that would suggest that you're either one of two investors out there Now I'm not going to talk about Non-investors versus investors. Let's just play for a second and imagine that there are investors out there You are one of two investors the one common tried and true Hindu cow method of pursuing investing is to go sit down with a certified financial planner professional and They can make all of your decisions for you. They can help you understand what type of investor you are They can put Investments in front of you that seem like they're incredible for you whether or not you have any idea What in the hell they're even talk about with the rule of 72 and compounding interest and you're over your performance and etc Etc. Looks really good. Uh-huh, and you sit there like a bobblehead But your attention is focused on the fake plant and their beautiful oak desk that they're sitting behind and because they have a suit and tie They must have your best interest in mind Hindu cow Okay They're probably used to be a time in history where that was probably the most viable option and Probably increased the level of success across the masses okay, that Time is gone and contrary to schools of thought out there that would deem made dead wrong I'm here to tell you that I'm dead right And I'm not dead right for those people who choose to go with the services of a financial planner Rather to understand that there is another option out there. That's it Okay, you can succeed with a financial planner You can do all the things that I'm going to talk about that are necessary pedigrees To making it in investing whether or not you have the complements of a financial planner or not Okay, but the second option is to self direct invest take control of your own money and understand and build the parameters And the swim lanes by which you will execute along Over the course of your life. Remember I talked about the 20 year old. How long do you have to invest 20 years 30 years 40 years? Wow, this is easy Ryan. I can do this is freaking easy. I told you it was easy I'm not here to patronize. Okay. We're all adults. Maybe there's some kids joining in. I don't know I don't I don't doesn't bother me If somebody is watching my channel at 16 17 years old this information is invaluable like You're winning the lottery. Okay, not to the tune of opening the treasure chest at the end of the rainbow I'm talking about real knowledge like I can accelerate your knowledge decades when it comes to your financial aptitude, okay, your financial aptitude, okay, but investing on your own Couple things when you look at this and you say gosh Ryan says investing is easy. What gives what do we have to do to? Deliberate around this topic. Well do what it is that we professionals always do and that's to start to define our terms Understand what the playing chips are on on on the board or in the deck Okay, whatever it is that you want to do to resonate with this idea Most people out there have these pieces on the board They just have no idea how to put a strategic hook into what they're getting out of their checking account Or their money market account or their savings account or their 401k or 457 or their 403 B right They have little fragments of these things laying on the board But they don't know how to get the maximum amount of value out of those chess pieces Right, they don't know how to strategically make that move to eventually say checkmate on your life Okay, they don't know how to do that or at least acknowledge that it's a bucket that is helping you get to that end That's okay, Ryan. I just invest in it and forget it. Sometimes that can be the best thing I Would charge you with a little more awareness over your own program Okay, know what you're working with because it's not until you know what you're working with until you can identify What it is that you can improve upon Okay, a lot of people just want to put it into a box and that's the finance certified a financial planner Professional right I go meet with them once a year Everything's good everything's on track the market sucks this year, but that's all right You're invested passively and diversified and you're good to go This is Mo you go out there and you continue to teach those children or you continue to go out there and do great Things being that truck driver and I want you to forget about this until we meet next year. No, I Charge you with more transparency over your program. There's not a day that goes by that. I don't pay attention. Why I Just feel like it's important Where does personal finance fall on your priority list? It's a question for you to answer for yourself if you're like hell I don't know Ryan. I have never thought about it before Maybe it's time to start thinking about it or if you do think about it start to identify What it is that you can do to start to improve upon your own program. All right Some of the defining of your terms is just to identify with some of the very simple buckets bucket is synonymous with account Savings checking your credit card is an account that can be strategically Utilized to help you get to an end you might not see it, but those free points that you build up That's a big deal by that gas by that groceries I can guarantee with a hundred percent certainty that the very audience that I'm sitting across from you I can give you a hundred percent certainty that at some point over the last month. We all bought groceries. Yes Yes, some people are like I went out to the restaurant area. Okay, you got me a cop the tater You caught the tater. You're the one. All right, but 99% of the people bought groceries credit discipline Brokerage accounts when and where they're strategically allocated. Okay, they're not for everybody If you're making over a hundred and thirty thousand dollars a year as a single person or a quarter million dollars as a married couple Okay, who are max funding your Roth IRAs with no problem because you're making a hundred and a half per Person making three hundred thousand in the household then we can talk you can say I'm not good Ryan I get that ass all the time great great. I can show you how to really really kick that ass. All right You'd be like, oh dude, come on Ryan. I know how to kick some ass. I'm good. Leave me alone Retirement accounts mentioned them and dare I suggest business accounts. I'm not going to go there tonight Again, it's just amazing to me. How transparent I am I fly the flag of the independent investor channel like my my LLC is right here at the corner of the screen I don't make this up. This is very very real. It's very very legit And it'll probably be a fairly interesting contributor to my total overall success Financially over the course of my life. We'll leave that out of it. Okay, let's talk about personal accounts before we do that those are the buckets That we want to fill and what do we fill them with? Okay? Do we put stock in a savings account? No, okay? I know that Ryan. I'm good. Do we put a mutual fund into a checking account? No, we don't do that either Okay, so we can start to align these different buckets with the products. Okay. Now. This is like Plinko. Remember the price is right Right as the Plinko chip goes down it's seeking that bucket now as a self-directed investor You have the ability to take said product and align it with said bucket and when you put the two together They're very very powerful. It can mean a lot of different things. It can mean liquidity It can mean tax protection It can mean an opportunity to set yourself up for tax-free withdrawals down your line I want to know I don't want to lose you. All right. I don't want to lose you But just understand that there are ways to align the very product with the very accounts that we talk about now Put that aside for a second. We talk about the mental discipline risk tolerance Certain aspects of investing that we want to seek out we want to understand what a dividend is we want to understand What diversification is we want to understand and ask ourselves Okay, if you understand what risk tolerance is the deeper question is What type of risk do I believe I'm capable of taking on and what type of investor? Do I want to be and those two are kind of linked to each other? Let me give you some of the questions I could write a list of a hundred questions if you can't come up with one then you need to work on your self-assessment Opportunity for yourself. Okay, I'm only here to show you the trough Okay, I can't take the back of your head and jam it into the trough and expect you to eat the hay Okay, can't do that what I can do is give you some ideas about what rhetorical questions to ask for yourself What is my tolerance to risk? Okay, if you are asked to go rock climbing with a friend and you look at said mountain and you're like wow That's too much for me, which it would be too much for me I hate heights then that is attempting to define your own risk tolerance. Okay, so a lot of people can't Imagine themselves taking one dollar out of their wallet or ten dollars out of their wallet Because the ten dollars was in their wallet and now is no longer in said wallet And I have to take that ten dollars and put it to risk in the market and if I lose ten percent I'm not gonna have ten dollars anymore. I'm gonna have nine dollars. That's a problem Ryan. That's terrible This is horrible right now nine dollars now. Whereas before I had ten dollars. I hate investing I'm throwing in the towel. I'm out this independent guy knows nothing of what he's talking about. Okay How much surplus capital do I have there's a good one Can I cut down on my spending the answer for a lot of people is no no you can't What type of investor am I I Don't know Ryan at least ask the question have a little fun here guys Investing is fun. Okay. It's really really fun sitting on multiple stacks of high society It's fun. I would wish that upon anybody. All right, and the irony in the whole thing is I don't care who you are I don't care if you're the twenty five thousand dollar a year income earner or the hundred and fifty Anybody if they're willing to listen can come into the independent investor channel and end up with far greater success than I have But I'll tell you what I'll be there with you sipping Gatorade at the end of the marathon Trust me guys. I will be there. It's your choice whether or not you want to go with me. It's your choice. All right Do I require the help of a professional? We talked about that if you came to me and said Ryan this whole investing is scarce the hell out of me Okay, we don't want to be scared. Okay, we don't want you to invest that ten dollars and end up with nine dollars And have you stay up all night and just be thinking about that one dollar by God that Ryan that son of a bitch I tell you what that that dollars gets gone It's gone and it was safe and secure in my wallet man that son of a gun I'm gonna go put all my money with a professional, okay There's a lot that can be had with the research on that side of the house But that's where you feel like you want to go. I'm not your father. I'm totally fine I'm just a psycho through YouTube. All right, do what it is that you want to do Can I invest on my own? Do I want to invest it on my own? Do I need to educate myself up to identify? different parameters on What successful people do when they invest on their own see I'm dubbed a stupid retail investor Which just pisses me off. This is a retail class of investors now that CNBC Absolutely separates from the institutional investors who have smart money on the side right now And that the the record inflows of retail in record inflows in the amount of $1.5 billion inflow it into the market in 2023 January of 2023 a record inflow and you want to know where that money went it went to Bitcoin and it went to the mean stocks It went down to the beaten-down stocks in the stock market while investors are calmly stepping aside Waiting for the interest rate situation to calm down and waiting for this soft landing in the stock market So that they can put the the smart money to work I'm here to share with you my smart money has been invested ever since I was 15 years old That's why the stupid kid from the country is sitting on over a half a million dollars of wealth Because I don't listen to what everybody else thinks of me I don't listen to where they think I should be in the class of people Okay, if I was going to be fair in love and war, I would consider Bernie Madoff to be an institutional investor. Yes All is fair in love and war All right, look at bill Hackman the biggest hack out there bill Hackman Okay, the market's going to hell. He actually said what it is my title is about define irony The market's going to zero tomorrow all the while he's buying the market the same day that he's coming on to CMBC saying all that stuff the pandemic is going to destroy the earth It's going to it's going to explode Right and these are the very people that deserve to be separated from this This this donkey class this corral of a bunch of hindu cows in a in a cattle arena called retail investors What a bunch of idiots Interesting enough see I know in my heart of hearts that if you're interested in coming on you make $500,000 a year if you make millions a year you can come on and humble yourself with my message Because I'm here to tell you boys and girls. I'm right. Okay Now a lot of people don't like to be told that in some capacity. They're wrong right if they make $150,000 a year They're somehow immune to scrutiny. They can't have some little peon on youtube coming on and telling them what to do with their money They go out every single week in golf with their financial planner Professional, let me tell you what man, they're laughing all the way to the bank and you are the sucker you are the sucker You want to know who wins you want to know who I pay? With my investing decisions. You want to know who gets paid? This guy this guy Almost on a daily basis and the people who are enjoying my dividend portfolio They're also getting paid almost on a daily basis Few dollars here and there. Okay. I used to start working When I was 14 or 12 when I was 12 I got my first job. I was making $5 an hour $5 an hour. Okay True story $5 I get paid about $5 every single day now for doing absolutely nothing On my myriad of different stocks in my one small $40,000 dividend portfolio Powerful stuff, right? It's churning. It's working. It's working right now while I'm on with you kind folks this evening, right? What accounts do I need to get started? Some of you probably already have that it's just as simple as identifying What accounts are on the playing field and identifying? Which pawn you want to move first? Well, what if I screw up? Well, I don't know take a chance Okay, move the pawn on the on the outside. Okay and see what happens. All right. All right. Take a chance It's all right. Move the bishop. All right. If you really want to get crazy. All right All right, it's okay It's all right All right I tell you what for the people who want to get over levered in a piece of property right now at 6 interest Those people are all about that because they've got to have the american dream Right, but they will never take the ten dollars out of the law and put the ten dollars in and lose that one dollar at ten percent The hell is everything is wrong and everything sucks and ryan you suck and everybody sucks and my neighbor sucks and Maybe maybe it's you. Maybe it's you that sucks I'm not sure. Maybe you're the one that's sour Not sure Maybe you should humble yourself. Maybe you should stop being such an asshole Maybe you should stop spending so much Maybe you should challenge yourself and even asking yourself whether or not you are capable of spending less Yeah Is my credit health a infavorable standing? If you're not eligible to enjoy a self-directed program like the one that I Share and showcase Then you need to work on it and you can I'm not telling you to do something that I haven't done myself Get your credit in order Debt to income ratio that is deemed healthy is 20 percent. That's absurd It's absurd mine is zero zero I carry no debt The bank pays me Don't believe me My credit card. Absolutely Absolutely, it's funny. I want people to leave. See I've seen eight people tune in and they're like this guy's crazy I'm out of here. Good. Good luck to you. I don't care. Good riddance I would do this product if I had zero people in here zero because you watch this video back all 60 minutes There's value there There's value as the potential to change your life Does my spending discipline need work? What type of investor do I want to be talk about that? How much time do I have before retirement? What's my investing time horizon? What is the cost associated with investing? Hmm We are here in 2023 where it's Free free to invest So I come back and the reason why I get so passionate about this is I think everybody should invest I think the very people who have the mental fortitude through education To define a class of investors not retail Not the hindu cow Not the institutions not the bill Ackman's of the world Or the um burning made-offs of the world They just put something together that makes sense for themselves and that's good enough I'm not sure why I understand people in their insistence to be called upon with a group And feel comfortable in a group It's the fallacy of group think I don't get it the more independent that I think with my application the better off I am You can take that to the bank Take it to the bank The nuts and bolts of the style of investing that I'll get to some questions and some comments leave them for me I'll stay on extra tonight This has been a great live stream. It came across exactly the way I wanted it to it has the potential to change change lives No big deal No big deal There's a lot of people out there doing a lot of harm to people Okay, I only help aim to help people and if it comes across the right way And I have the words to strike at a certain nerve In as many people as I can get to That's the goal, okay style of investing cash savings and checking and money market accounts Your total overall portfolio should have some level of savings with the biggest bulk of of of of those dollars Which provide that liquidity benefit to you Opportunistic cash cash that can be utilized in the event of an emergency I don't know if you had a freaking job. You might have some insurance to help you I just had my crown put on yesterday And if I was going to backtrack on how much that stupid tooth cost It was probably five grand now if you're tom hanks in castaway on a remote deserted island You could just knock it out with a stone for free Okay I didn't need to do that. I have insurance and the five thousand dollars. I didn't pay And it didn't come out of the bank of ryan It came out of the insurance that I have earned Okay But savings is good for that opportunistic cash It's that opportunity to sleep easy when all the pundits are saying you're a moron ryan. You're stupid You're gonna subject your dollars to a looming recession. Really? Okay I don't know. I was investing last june when everybody said the market was going to zero then too And I'm fine now I'm actually up euro for year in my 401k dca very simple strategy How would you do that ryan? You just said the markets were terrible over the last two years. Yeah, and they haven't done a whole lot I'm up in my 401k. I just funded it when it was down. It's simple anybody can do it Investing is terribly hard ryan. It's hard. It's hard Okay, it's hard Okay, it's hard I was telling you I got over the fact that maybe I don't know investing into weakness is The best thing you can do When everybody else is telling you not to invest, maybe that's the time to invest. I don't know Figure it out Do your own thing Brokerage accounts They are taxable and they need to be put in play at a timely In a timely nature. Okay for the majority of people out there making less than 130 thousand dollars If you're not max funding the raw fire rave and you don't need to be adding multiple brokerage accounts to your program A lot of people are like, well, I can get it up to 3 million dollars by the time i'm 32 years old and I want to have access to that money Fine Don't listen to an f and word. I say start the brokerage account by the time you're 32 You're going to have 14 thousand dollars in there and then you're going to crawl back to fundamental Investing because you understood that you over levered to risk and it ran up to 80 and you were like, oh my gosh There's my three million dollars. This is phenomenal and the stock does a funny thing That stocks do sometimes and let's go down And they go down And you watch it go down and you try to wish it up and it still goes down and it goes down again And you're like, wow Maybe maybe 1.5 million is going to be enough for me and it goes down and it goes down and it goes down to a point Where you're left with a mere fragment Of what you have contributed to that account And then you come back to my Not advice because I don't know what i'm talking about because i'm a retail Hindu cow Okay, but you'll come back to the fact that maybe you should have just tax protected dollars and invested smartly in those tax protected accounts The retirement accounts those are the keys Self-directed Roth IRA a very best account that you can open for yourself Get up to that 6500 of max funding per year if the 401k allows you eligibility Rock and roll on that to take and exploit those buckets. Okay Then we get to the products. I've just spent 55 minutes 55 minutes on a 60 minute youtube fastest 60 minutes on youtube and in a couple minutes I'm going to give you the products the products are stocks bonds mutual funds ETFs and index funds That's investing That's Ryan 10 dollars and I lost the dollar You did it in one of those forms stock bonds mutual funds ETFs and index funds You want to throw crypto in there? I don't care. Yeah, I'm talking about crypto anymore. It's boring bores me stupid I own a little bit tiny tiny tiny little bit Just for the sheer sake of it. I don't know shooting to the moon It may be giving me the opportunity to retire at 32 Now that bus is long long since sailed for me and I'm I'm totally okay with that. All right Very cool stuff man. Really appreciate you guys. Let's get down to some of the comments Oh, there's a hell of a lot of people in here, man. Very very cool stuff very cool It's the real impact that we make on people Becky. Thank you for stopping by really appreciate it. Thank you for all your support over the years You are the very lifeblood of the channel and you are the reason why I do what it is that I do I'm just kidding about having a sense of Emotional application if I came in here and there were no people in the live stream I just don't think it would have quite the same effect But that's all right. I have a lot of fun with the project. I do have fun investing is fun investing is One of my favorite topics, but the ability to break down what I think is all too often Misconstrued as an elusive topic for a lot of people I take on the challenge. I really do. I have no problem with that Apple just stopped updates on the seven planned obsolete. Good time to buy Yeah, apple I own big in the Roth IRA. It's a nice big core holding of mine. Got mats in the house Thank you, my friend. I'm glad that you appreciate the content. Thank you I never really know what's going to come out of my trap from week to week But it always seems to come by in a way that hopefully can can help people Very cool stuff All right, working up. Yeah, Jamie's in the house here I use two cards with different closing dates for my monthly spend one at a time paying in full So what Jamie's talking about there is really cool. It's a program that makes sense for him. I do something similar in that All of my bills are paid out of my checking. It's my inflow and my outflow for bills It's the only thing all my expenditures Happen on my credit card because they are insured transactions and I found it to be the best way Of making expenditures plus I make the dollars that I alluded to In the bonus right for spending those dollars, but You know the three percent back. That's just free money, man. If you're doing matching 401k, that's just free money Okay, you know, there's there's so many different elements of investing. I can't touch on all of them That's why I always suggest that this topic in and of itself is It is um, it's an infinite topic and and I dig it. It's risky To not do anything Super super smart comment, man I think you take on more risk by doing nothing. I think that's a very insightful. I totally agree with you You know, and I'm not here to judge man like if investing isn't for you I'm okay with that but If I looked into your situation and made you see it through my eyes I could probably make you think about Some things that you're probably not applying and coming to the rationalization That investing is not for you. I think it's for everybody and I think for people in this country, especially You have surplus capital You're you're fine. You're not struggling like a lot of people around the world You're all right Get over yourself Get over that pampered nature That you've just grown accustomed to and accept this common place Don't do that carve out the life that you Are are satisfied with And and don't be unhappy with what you don't have be happy with what you do have It'll make you a phenomenal investor It'll it'll allow you to align So many different things in life if you can carve out I often talk about When I drop shorts those things out there that Are free the most enjoyable things I was in the gym every single day again this week five o'clock in the gym free of charge I don't pay to go to a gym. I'm lucky enough to have the privilege of The free gym and and and the free tooth, right? I I didn't have to I didn't have to knock it out with a with an ice skate like calm hanks did All right All right I did a tough live stream out to con and how to talk to you con folks as my tooth all jacked out, right? But I got for free and I get my gym membership for free too. It's free So you wonder how I get all this money to invest in the stock markets because everything I do is free of charge It's free right I'd highly recommend the same of you Find those fun and free things to do man for sure Did you see I did I did and I will respond to you to be honest with you um that particular project right now Is kind of just supporting itself Um, I will respond to it. I appreciate it. Thank you for that andrew. Thank you the product was fantastic I'm not quite sure where I'm supposed to use that Um, it looked like it was maybe part of an email chain that I was supposed to send out or something But I appreciate you taking the time to do that. I read both products. I think they're phenomenal Shopify is not necessarily my area of focus right now And there's only 24 hours in the day for uh for spreading me out, but I appreciate you Coming on this evening man. I'll get back to you man. I've got your email you're marked in my in my account So I appreciate you Roddy all righty here. Here's somebody my own age man. That's cool Hey ran. Thanks for what you do Smoking too hard That's cool, man I was 47 when I first started watching I'm now 52 with a car with a nice start to my retirement What can I say? How's nothing to do with me? How's everything to do with him? Maybe you would have found it somewhere else. I don't know Um, you know, maybe I don't do the independent investor channel and maybe Maybe I've done this project for six years and I don't touch anybody I would consider that to be an ultimate failure I guess the the the the irony in this project is I don't know how many lives were impacting I don't know I'm only capable of delivering my thing And I think at least I know By me delivering my rash uncut Non-apologetic type of approach to this Gets people's attention turns some people off Demotivates some motivates others But for the few like yourself who come on and and share with the group means everything And I thank you for that all the best to you my friend. Absolutely. It's not about making millions man It's about achieving something You know, if you're able to carve out 100 100 and a half 200,000 of wealth 50,000 of wealth Put away where you wouldn't have had that money had it not been for finding some financial stewardship and discipline in your life Isn't that better than not doing it at all? I think I think it is I think it is I I think people have more of an obligation to themselves Um to to pursue their personal best And and all too often I just see people not only Dismiss Their personal capability, but but but but all too often bastardize it at the same time In that their trajectory in life could have been so much different So much better Just by making Half of the decisions that they make a little bit better Trusting in the decisions that you make fortifying those decisions Making a decision Funding those decisions dollar cost average requires you to segue every single month I do it like sleeping now I don't even know how much I dollar cost average per month I don't even know if I was going to give you guys a round figure On the actual bottom dollars that I dollar cost average per month. I guarantee it's in between 25 and 3000 dollars I guarantee it and in some months way more than that You don't think I'm serious about this program I am you can believe me or not. It's no problem. I want you to believe me But but it's up to you to truly believe whether or not I am as devote in my program than I say I am And if you if I can't turn it after the first live stream No problem. I understand that If I can't win you over after a month of live streams or or visiting the independent investor channel or or any of that I'm okay with that too. I'm okay Because If you just open your heart and open your mind At least to this topic. Okay. I told you tonight, man. I can't I can't fix the psychology I can't find you a spouse I can't do that What I can do is I can absolutely fix if there's anything broken up here With regard to financial application and discipline Because I eat live breathe sleep and eat and breathe and leave live this stuff, man I I I exercise this stuff on a daily basis, man, and I'm glad to share it with you guys for sure We will wrap it down guys. That was uh about 65 minutes of the fastest 65 minutes on youtube Absolutely, but I appreciate it was a good live stream tonight Make it a weekly thing. I do I do I cordially invite you if you're not subscribed to the channel Which I would imagine most of you guys are that catch the live stream that actually can resonate with what i'm looking to put down I thank you for that support. I truly do but Uh, we're gonna wrap it down here We will be back next friday on schedule. Absolutely You guys have a great rest of your weekend. Be well and we will catch you next week Take it easy guys