 And the countdown is almost here. It's about 9 o'clock Eastern standard time Just couldn't help myself a kick on a couple seconds Extra here. Good evening to each and every one of the loyal subscribers to the message So glad to be back with you guys This is the independent investor channel livestream. My name is Ryan for you guys that are new to the channel I'm super super devoted to this project and what it could potentially mean for anyone on the receiving end of this Tonight's gonna be kind of a special show I'm gonna wait a couple moments here and allow some of the gallery to make their way in I've got some devoted Subscribers in the house some folks that have been with me an awful long time Shout out to Christopher. It's great to see you Chris and I'll hope all as well with you as well as I've got the mr. Bebers in the house. It's great to see you shaded light Eric's good to see you my friend And David Oldenburg is great to see you too. My friend greetings here from the east coast Shout out to the west coast. Hope all is well with you guys Matt says win Lambo. I probably never have one Which is kind of funny We're gonna talk about the five elusive things that a staple a lot of people out there and I'm gonna kind of circle back in in retrospect and You know give you my insights. These are five attributes that That are integral to my life. These are things I do at least I feel like I do it and I don't feel like I'm naive I feel like it's critical that people have the ability to self-evaluate Where they are for those people out there that are you know naive to the fact or some of the people You know out there have a hard time Perhaps you know taking advice I guess from someone I'm not one of those folks that seek out advice I do identify that there is a lot of people out there that do need help with managing money maybe even just need help with something as simple as Establishing some spending discipline But I'm gonna give you the goods tonight It comes really down to these five categories and if you can deploy these five categories No matter how much you make per year. No matter where you come from You're gonna give yourself the best best shot at at making that all elusive millionaire now I say that tongue-in-cheek because I Think a lot of people will Say that it would be nice to actually step into retirement or I think the scuttlebutt now that I gear is that People want to retire so bad at 25 years old I know I don't really think that that speaks to the masses and I don't really think that that speaks to the reality of people who are actually Meeting those milestones in their life and it's Some of those people that you may be a little bit more surprised on Those everyday hard workers that you know contribute to a 401k And they forget about it. They they go on about their lives. They've got good perspectives over their life I'm not really sure if I would be so quick to suggest That those people who are making multi millions are those people that are seeking out And and venturing off and starting businesses and some do But that's not who my channel is aimed at Much channels aimed at those people out there that potentially feel like they have very little Didn't know hope But our good people and they may have some of the attributes that I'm gonna talk about this evening And and the reason why I focus on that is because that's who I am I'm not one of those people who come from money I'm not one of those people who were given any type of a head start in life completely the opposite For you guys that have been with me for quite some time. I I share My run-in with the IRS not once but twice with regard to back taxes owed And you might think okay. Well, that that's interesting. I mean, I've never I've never been so stupid to get into trouble with the IRS Wasn't like I got into trouble. It was just that I miss misallocated some self-employment income and you know, I was 19 years old I spent that money and you know, it was about 10 grand and I thought I was rich and You know the tax man came around and was like, hey, where's my 2,200 bucks? We want it and it was a Rude awakening I guess well worth the $2,200 that I would have eventually paid in Back taxes to learn the lesson of how important it is to acknowledge the potential impacts from tax and the importance for most people to acknowledge tax and potentially establish or set up the framework in their Financial portfolio their individual financial plan To acknowledge tax and and potentially reduce or even in some cases eliminate the tax So these lessons come from very deeply rooted places in my life and I I love sharing that with you guys Hopefully you're able to get a little bit more of a unique perspective from me I'm not an entertainer I'm not coming on to to to sell you on anything Okay, my work on the independent investor channel that I do now that I actually do get paid for and I get paid really really well Actually satisfies the amount of time that I spend doing YouTube and I love doing it We just got to interview Stock therapy with penny queen This week. It was an interview that I caught about a month ago With Mariusz Konitski's a friend of mine through the channel caught that interview and she is Predominantly if not exclusively a penny stock investor And I've been vocal about this through the course of my channel and I've had many many patrons that have come into the channel that were also penny stock investors and It was one of those elements of investing that I always cautioned investors to to to not to not put undue credence in that Perspective in other words if you're an investor out there, and you don't know anything about it you could probably get away with Avoiding that Altogether I've been there. I've lost money. I've made money. I've made significantly more money than I have I've lost but you know the tried and true old onus about just investing in the market over time and Establishing a nice well-laid plan for yourself Really will get it done for you and it will allow you the ability to Or the opportunity not to outthink this opportunity in stock market investing. I think that's super important I think discipline and perspective are way more important than picking the right stock There's no doubt about that but those opportunities are made available to me I'm currently involved in a campaign and a stock that I'm very very excited about and that's a duro clean technologies The interview today with the CEO Ofer vikas and as well as there He's one of the head engineers with the company But I need to do some research on who it was caught that this evening But that's the only content that I actually enjoy watching anymore. I don't I don't watch YouTube I'll watch my playback because it's good content and for the people who want to catch the content good on you My only ask or my only hope of you is that you get some value from it Maybe you pick up a little tidbit here and there maybe tonight you heard me out You're like well, I've never got into debt with the IRS and you know, maybe you heard me out there and Maybe we differ in that regard maybe, you know It's something that you could avoid or something maybe Strikes a nerve with you that I say that can maybe help you Establish a little bit more discipline for yourself. I Think the key that I'm trying to drive home for people is to really separate People from what they think about money And what they're predestined to earn with deploying those strategies, which are status quo You know The neighbor told you about it or your friend told you about it or your family told you about it Because if those methods worked guys, there would be significantly more self-made millionaires in this country And and the sheer fact the matter is is very very few people will meet that end Very few people will Establish the proper pedigree or the proper recipe To step into wealth now. I'm not a millionaire. I'm a no well over halfway there Established wealth at 500,000 and I don't You know, I don't really look at it that I don't know what that would look like if I just put it in front of it Man stacked it up. I have no idea what it would look like. It's a number to me right now And it speaks to my conviction on how important it is to separate from your money To establish those buckets and and value that program significantly more than just a pile of paper And or the power of what that paper can do. I mean 80 to 100 grand I could go buy a nice, you know M5 BMW if that's what I wanted to do Most people aspire to that type of thing. Most people are ill prepared. I think to take on money And I think they're so consumed with the uh inability to break away from specific spending habits That unfortunately they spend most of their life spending And and the further you can get away from those predispositions of of consumption those predispositions to unhealthy unhealthy habits Really is what it comes down to And a lot of people go through whatever internalization they need Maybe it's validation from the next door neighbor. Maybe it's family coming over during holidays and commenting and now awesome your house looks because you have a christmas decoration crammed into every corner of your house And every square inch of the walls in your house are covered with christmas decorations I like the festivities do clark It's all good, but um, you know Whatever floats your boat I think that's somewhat of a telltale sign of somebody who just can't can't control their spending And it's it's worth it to them to take those dollars and and and seek that few seconds of euphoria that you get in your mind By engaging in those spending disciplines and the couple seconds wear off and you're off to the next thing What can I look at? What can I look at next to buy your spend or or or spend my money on whether or not I need it or not? That's what makes me happy and I think it is A habitual problem in today's society and I believe that it also Is very very difficult for people in this country to break away from I think with the number of influences That are coming from all different angles the press to become You know something that everybody else thinks you need to be overnight Instead of just taking a step back and saying hell. I don't know. Is this something I really need You know, I'm going to give you the five tidbits here That have helped me and for you guys that think that somehow within the next 10 years I'm not going to turn over that millionaire mark. You're so early mistaken And I'll be calm cool and collected about it. I'm not going to come on and say hey It was you know, it was luck because it wasn't It was it was an absolute adherence to discipline and these are absolutely the times that I see the discipline through I often Often reflect on the Incapability for people to see the benefit of investing as opposed to not investing And you need to ask yourself. Do you believe that your life would be better off not investing? And you may come back and say hey look no, I'm a saver You know, I'm a frugal spender Right all attributes of of of becoming a millionaire that I'm going to speak of tonight But do you feel like you can do it without investing? Putting your capital to risk with the idea that that the capital eventually can Render dollars without you taking any more type of an of an infusion over those dollars And the idea that those dollars can work for you while you're off doing what it is that you're doing with your time And that philosophy is very very powerful And you you don't get to truly understand that until you get paid your first dividend This is this is why I openly share the m1 finance dividend portfolio and thank you for Those that have reached out to me. I've sent that over to them and and hopefully they're enjoying that But I tell you what the little shot of dope I mean that I get over three seconds is that I wake up in the morning. I had nine dividends just this morning That rendered me 18 dollars something I could I could pull it up here and tell you I might have I might have erased it But but maybe not Yeah, I did I typically do I just I get it in my email Most mornings actually and it was around 18 bucks Little shot of dopamine there nothing too crazy nothing to shake a stick at but In a hundred stock portfolio that pays me on an average four times per year per stock That's 400 shots of dopamine Now for you spenders out there that want to compare your regimen To mine you might think good grief. This guy's an absolute insane. Oh um Fair enough fair enough all a sphere in love and war. Um, you're welcome to criticize but um, this is my way And it is independent and it is in the minority and thought in what is more socially acceptable to own a nice sweet A portfolio of dividend payers now that portfolio was approaching 40 000 So nothing crazy But it's it just goes to speak on the fortification of the discipline that I look to share Um, I look at it and it may it makes me happy. I I put that plan in motion and why shouldn't it? I I think a lot of people that actually succumbed to poor spending habits Unfortunately over time actually degrade in their satisfaction of purchasing and purchasing and purchasing over and over again To fulfill kind of an empty need or desire to spend and get that Satisfaction out out of getting a specific product or the newest iphone or or whatever or whatever that is Okay Me my dividends are always increasing. In other words, I know that when that dividend goes in there It pays it goes in to reinvest in the portfolio and that's very very satisfying for me And that's the takeaway for you guys is to understand that I've taken the initiative To put those things in place to render those dividends for me My channel is a lot different than most. Okay. I don't believe in the ability Maybe there was a time in the evolution of the independent investor channel where I actually did succumb to Trying to give people what they wanted to hear. Hey, here's the three stock picks. I'm uh every month or Hey, here's the stock flavor of the day or whatever it is I'm not of the belief of that anymore. I'm just not They're really good stocks out there and they are not a big secret if you want to know what a big Awesome company is to invest in just look at look at your look at your phone for example That that'll give you some indication I see cosco mentioned cosco's been on an absolute tear The last month the market has really based up off of its lows of 29 and change The smp has been on a tear The calls now for a recession at six to 18 months or rampant I had one commentary on cnbc suggest today that the market Will go into a recession based on the inverted yield curve that we're incurring right now Which it happens when the short-term rates are higher than the long-term rates So the people who are holding long-term debt actually make less than the people who are Holding short-term debt. I hold both in my bond portfolio That bonds portfolio that could is kicking some ass right now And that's actually the one that paid me the dividends today. Go figure, right? But hey, you know, what what do I know? I've evolved in the channel and I figure if I'm going to Do some profiling on the channel No problem. It feels right to me and I'm going to do it because if I can come on and drone on about Investing discipline and Building portfolios and doing all the stuff that I know is absolutely right and the people who have been with me have Absolutely got the crystal clear understanding of of of where my heart is um then the channel The channel would fall on deaf ears because people just don't want to come on to youtube and hear that stuff I'm I'm of a sheer belief of that I'm incapable of coming on and offering the proper recipe Or the the proper delivery so people can truly understand I'm going to explain it my way If you understand it my way through me sharing what it is that I do Wonderful, you'll succeed for it If you feel like you don't resonate with me no problem There's a ton of other channels out there that are a hundred times bigger than mine That you can go and you can fall in with the lemmings You can fall in with the sheep who follow those channels Like like like an absolute cult and it's something that I don't understand. I don't do it myself I'm way too busy. I parlay this 60 minutes every single Friday for you guys to come in And talk about something that I don't think works I know it works And the the real testament to it actually working for people is the ability to take hear Put into motion and actually deploy and render some of these Things that I talk about to help you in the psychology of stock market investing And really start to resonate with this idea that it is so much better to save a dollar Than to spend a dollar guys. I appreciate you making your way into the live stream We'll be back with you in just a moment All right Go ahead and throw an invite down there in the bottom of the stream I just dropped it in the thread there. So if anybody wants to come on and I don't know make themselves famous, I guess They can do that I'm a I'm I'm super in my element of my live stream by myself But certainly if there's anybody that has just a burning desire to come on and And thank me for my infinite wisdom Sharing through youtube I would do what it is that I do without this project And that's what makes me very very unique. I know it makes me unique I would do what I do without this project And the very fundamentals that I share on investing anybody can deploy There's only one independent investor channel I get that So if I'm going to come on and I'm going to pose like I'm some sort of successful investor Because I'm a youtube superstar Well, then that's not helping the people that are coming in and trying to consume the message Now does it right and these five elements that I'm going to walk through have nothing to do with the independent investor channel with that said There is going to be a need at some point and this is going to resonate with the group Money doesn't grow on trees. Okay So if you want to engage in activity that can generate fast cash Go ahead The only way that I've ever known To to generate cash Is to seek employment And this is coming from my late grandfather who told me look if you can put 40 years into the system, you'll be fine You'll be taken care of and a lot of the younger generation. They just don't want to hear that I think it's too bad from my deep perspective. I think this new generation is in for a really tough go I really do because I think a lot of people buy into that philosophy that Everybody's going to succeed and you can put minimum effort into life and I'm just going to succeed And if I don't succeed no problem, somebody will bail me out or somebody will be there to help coddle me along Or hey, my mother and father were there just to coddle me along. That's going to continue into my young life I think a lot of the younger generation are in for a read awakening I say that um with with all acknowledgement to this younger generation Is brilliant They are a lot of really really smart smart people But I tell you what there's some attributes that are missing and I see it all the time the ability to really really dig deep The ability to really adhere to some discipline The inability to not succumb to pressure and not to succumb to temptation to buy into what everybody Would have you believe is a definition of success I would really charge anybody out there even the newer generation to try to define What it is in life truly makes you happy I was in the gym every single day this week again If people are bored of me saying it it brings me the most joy In my life amongst many many other things Um as I go through my weekly routine. I I'm a I'm a I'm a proponent of routine It's my personality trait as an introvert to to to adhere to routine And uh, and I love it. I love it But um the 17 years running here. I just heard word yesterday that my life changed and It's one of those things to where when these life changes come for the better um They humble me. Uh, I'm still It's trying to allow it to sink in because it really has not I've worked very hard for this milestone. It's a lot of the reason why I relocated Like I did six months ago But it just came to fruition yesterday and and I'm super super stoked What had never happened had I not put that pressure Or made the decision when I was a young 26 year old to put myself on this path that 17 years later Paid off as of yesterday And you think about that for a second. I mean do the young people have that type of perseverance Do they have that type of patience and it's a guy that I don't really feel like I'm a I'm a guy with a lot of patience I have to really tell myself. Hey Everything's cool at this particular juncture. We're we're we're good. We're doing this for it. We're awesome, right? um And I I think if I could wish that upon anybody the sense of satisfaction that I got yesterday guys was priceless Yeah, it was priceless Lot of culmination of a lot of commitment that I have in my profession to Stare down that milestone At some point in my life. I was actually a hundred percent certain that I would not be provided that opportunity um and and through perseverance and Really just overcoming obstacles It happened And and and as cliche as that happens, you know continue to march forward not do all that stuff I I don't know if I really want to buy into the even cliches for you guys all I can say is It's a lifelong commitment on multiple fronts. Now. I'm talking about my job in a box. Okay But I've been married the same amount of time, right? I feel the same way about that in a lot of different ways, but the commitment element is still there, right? which speaks to some of those intangibles that I spend the majority of my time on I do And they're they're free Those are things that pay me right so it's really that contrast of of um You know finding that perspective and we're going to talk about it as I step through these five elements You're really really going to you're really going to benefit victoria. Thank you so much. I really appreciate it um I'm humbled. I really am I've worked really hard I've watched people come and go and I'm sure they've worked hard as well But but to monitor, you know competition make it at at and you don't Is one of those things to where you're like, man, is this is this really worth it? You know Is it going to pay off? and Yeah, it sure did. I appreciate seeing you this evening Heck of a shout out to you very cool stuff and Anna's in the house as well Anna wanted to thank you for sending the m1 to my husband Yeah, hey, and that's really cool. You know, what's funny about that is um I really can't appreciate until somebody comes on and says hey, we we catch the message and that's that's awesome I the only thing I would ask because I I'm very very I'm very Close to the vest with my time So I'm hoping you guys get something out of it. I I think I do deliver a very unique message. I I know it to be because this is More than a passion for me I could talk personal finance um indefinitely I really could And I can talk personal finance in such a way that if I think I Can say something that Doesn't come across as hey I do it this way and I do it that way and I do it this way And I do it this way, which is the impression that I get from a a lot of youtube channels out there I'm a lot more cyclical Than that I'm a lot more holistic When I'm trying to deliver the message and really think about those phases of My investing evolution because I've been through all of the phases all of them Credit card debt irs You know, I had to hire an attorney on one of them to get me out of the irs debt Uh penny stock losses, you know my first penny stock loss I thought it was the end of the world when I lost, you know, three grand You know, it was the best lesson I ever learned because I've since you know 100x that or whatever it is You know, it's it's immaterial, right? The question is was it worth taking the risk? To to to to have what it is that I have now. So it's that definite question. Is it worth investing or not? Well, for me, it's an absolute I would have never been where I was without the compliment of investing and I hope that's something that really resonates with people When they're going through the deliberation of should I or should shouldn't I? I think for for everybody out there the answer Has to be an unequivocal absolutely and for me it's a I don't want to suggest that it's a race against time But we are we are the lucky ones my friends We are the lucky ones Um, you know, I started the independent investor channel from a spark of passion for this topic I feel like if I was delivering the message to A hundred subscribers which I've done and a thousand subscribers which I've done To ten thousand which I've done And now thirty thousand where the channel goes. I have no idea I've had a digression of subscribers on the channel and I presume that that's probably because I do the profiling of the content, but you know for the few people that actually Subject themselves to sit through a 30 minute interview with myself and stock therapy with any queen You know, she's a mother. She's a self made success story Why is that not attractive to people is it because I'm receiving a few hundred dollars of compensation guys? I pay taxes out of that money. I claim it. It's part of my business. I've earned the right to start that business you know, but On the i2 the project means an awful lot to me I know a lot of people potentially maybe turned off a little bit by the highly on profiling I love the story and I love the enduro coverage And somebody came in last week and were like, yeah, you're pushing stock Could be further from the truth. I'm invested in both of them. I could I could care less what you do I could care less But I absolutely enjoy sharing what it is that I do. I just up the position this evening Right at a right at point six five I had the limit order in it would not go for 2,500 more shares Had to up it to point six six four three and it went through Fun stories the real I don't uh I don't take the angle of bye. Bye. Bye Sound familiar I don't take the angle of you need to buy this for yourself at all cost I would suggest that a duro clean technologies potentially has the Market cap and the pre revenue phase that it's in now Not to fit in the majority of portfolios as a matter of fact, I would say very few Portfolios out there, right? So why would I suggest it? I'm merely just sharing what it is that I'm doing. I truly did buy 2,500 more shares About at the close of the market about a half hour before the close. I'm up to 17,500 shares of the company It's fun to share Now if the stock ends up Not working out or it ends up going to zero Then I eat that And you watch me eat it at your at my expense, right? So it's your entertainment value but What if a duro actually aligns with the conviction that I think it will It might add a little bit more credence to my message and my philosophy and my perspective and approach to this gig Um, and it's inevitable. I hate to give you the goods like that, but it is inevitable Okay, so if you want to stand by and you feel like if you guys tune in every single week um, I'm waiting for that validation and and and and And credibility to to make its way My value investing is fine. Um, I know that I'm going to kill it with that I know the dividend growth portfolio is just a really fun way of investing You know when I go into costco when I know that I own a small ownership stake in the company I think more retail investors need to experience that ownership Rather than just always being pigeonholed into that retail consumer You know idiot Category of just going in and blowing your paycheck at walmart every week or every two weeks and you're an idiot and you You're not even eligible to invest in the stock market I'm here to blow down all of those barriers. Those are the very people that need to invest But they have to do it with the proper mindset. All right number one On the five secrets that you'll need to make millionaire status guaranteed Number one thing you're going to do is you're going to need to live frugal You're going to need to stop spending crazy okay I would say that over 17 years myself my wife and my family this the spending is probably incrementally increased now my income my income has Far surpassed what it is that I could ever spend We often joke between the two of us wouldn't it be fun to just take our monthly paycheck and just see what it feels like to just blow it all We'd probably feel guilty because We work on um, we our surplus is enormous And and we we live off of didn't I mean we focus on groceries and gas We focus on the sum can cost we focus on the bills that we can't control We focus on the insurance and you know a few streaming services that we take in for entertainment You know me being in my current profession provides me an immense amount of benefits guys And i'm not going to get into details I don't do that But anybody who knows me and knows that they can relate with what in the heck i'm talking about It is insane. Oh, and it will be a probably it will be a small contributor to you know Not having to spend money In in certain capacities that i've been able to enjoy over the course of my You know young and and middle adult life Uh, it's been fantastic But to establish credit discipline is super key and I believe that it's something that anybody can do I think that it's something that escapes a lot of people Unfortunately, I can't in my minds of minds understand Why this escapes people why I just don't get it If you have a credit card and you have a rule To go and only buy gas and groceries on that card and then pay it off every month That in essence what I just said is a rule should be something that a hundred percent of people can adhere to But they can't they can't people do not have good spending and credit discipline They just don't the statistics show it now if you're one of those people out there, they're like no no ryan I'm I'm actually one of those people. I do have good spending discipline You know I hear you out. Maybe we will look at our budget see where those places that we can actually cut back I spent an hour last week This is how cheap I am. Okay On my american express platinum, which is the number one credit card you can possibly get there's an entertainment credit I get 20 a month for free. So I get disney plus and I get hulu, which is also disney plus I do pay for netflix And peacock for free. I get those services for free What I didn't know when I suspected or presumed for a while is when I signed up for verizon vios They offered me disney plus which was only disney plus at the time And the free trial expired and they started charging me 799 So I was paying 799 to verizon And I was paying for my disney service Which was also getting supplemented to me. So I was getting this for free And I was getting this over here for 799, but I was in essence paying for the service twice It's spent me an hour Going into my account details And knowing that I needed to press and hold that bill of 799 to have it Hold off of my verizon bill and save seven dollars and 99 cents that I had been flushing down the toilet That's how big of a cheap bastard. I am Because it just bothers me it freaking bothers me and it should bother you If you're one of those people out there that have these little expenditures Oh, I wanted to watch hulu and and and I wanted to watch a certain show and now that show is gone And I really don't watch it anymore, but that's all right. It's only a couple of bucks. It's only a couple of bucks here Only a couple of bucks here Always continue to try to keep that portfolio of sunken cost and bills under control It is one of the very secrets that escape a lot of people I would suggest that there is Even the majority of people out there that cannot adhere to rule number one. They fail the test That's number one. I've already given you some of the insights that I have about how Pathetically cheap I am. Okay. Um, I just feel like I'm living my normal life I'm in the gym every single day. I go to the gym for free. I don't pay for a gym membership I go whip that ass at the gym every single morning. I wake up at 4 45. I look forward to it It's free of charge, you know Find ways of doing that if you need to go beat feet If you need to if it hurts your knees and you need to go walk create that idea for yourself about segmenting these little portions of life that Hey, they don't need to cost money to make you happy All right, and that's one of those things for me um, so yeah, um That's rule number one very very important and I know if you're exercising your Opportunity to become an independent investor an independent thought This is going to be one of those things that is going to require some action on your part I do whatever I can to give you the zing and the zang and the zing and the zang On what I do and hoping that it sticks, but ultimately these things Unfortunately on my channel unfortunately because I think very very few well look to deploy Um, but for those that do you'll be stepping into a much much better realm number two Number two on the list. Let me give you five Number two is to set goals make a plan and stick to the plan. Okay life is long Life is not short. Okay. Get rid of that cliche Every second whether it be that you live for 40 years or 60 years or 80 years or 100 years It's all wonderful. Okay. All right right on man Ryan's talking about life being good. Yes, but you have to acknowledge that at some point It's going to end and the quality of life that you enjoy Perhaps maybe early on in your life is not to be expected later on in life You're going to need that financial security to adhere to so when people are deliberating I don't know if I should invest or not. I think I could probably odds the stock market is too risky I'm here to tell you that I think you're effing nuts for not investing Because I think what you're going to be up against later on in life It is an absolute certainty That you would have needed to take some steps to become financially savvy for What is anticipated later on in life? I just think it's an utter certainty I think it's an absolute necessity And this is why I'm insistent on doing this project every week And it's hopefully why you know my couple on the couch right now is insistent on coming and Trying to catch a little bit of tutelage from me because I've got this stuff figured out I do my exercise and I do these these are like ingrained in me. These are what I do I'm sharing them with you now and If it's too big of a disconnect and you think that these are too big of a thing to do and they can't be deployed by others Please tell me. Hey, you're wrong Ryan. I people can't set goals people can't make a plan You know life is about how lucky you can get No kidding Why is it that people actually who make millions the massive amounts of people who are making millions are those people who are just day-to-day workers You would never know that they were millionaires You would never know and the people who are out driving the fancy cars the statistic I love to throw out there is 80 percent of people who drive Mercedes and and and bmw's the very very popular Outees they all lease 80 percent that blew my mind that was a staggering statistic to me I was like wow these people it's a status symbol. They must have all this money to go. No They're renting the car lease is synonymous with rent. Sorry to burst your bubble But I think it's one of the biggest waste of monies that that that you can have and some people out there I don't mean to offend you if you're leasing the car. I think it's a waste It's just my thing there might be certain circumstances from the employer yada yada I'm not here to to judge. Okay, but I think it's a waste of money But setting goals making a plan and sticking to the plan if you can invest in the smp 500 for 20 30 years As a young person contribute make that plan. I'm gonna talk about it a little bit more later on The better off you're going to be but you have to make sure that you're Making a decision to do or not to do But not be somewhere in the middle wishy-washy our recession in 2023, right? I gotta sell everything I'm out of the market. I'm in the market. I haven't guys been doing this and they told me on cmbc I should sell and and now I bought and then in yesterday I sold in the bottom and I'm gonna buy tomorrow because I messed up today And I'm gonna get back in the market and my husband screaming at me because I gotta do this and that and everything else, right Choose to do Or not to do Okay, you make your life a whole lot easier and if you choose to do then you can define what that to do Is and you can stick to it Full well knowing And I'm just here to tell you if you confused about what the stock market can entail It can either do one of two things go up or go down There you go So don't be surprised when one of those two things happen Because they will inevitably happen Okay, not me Ryan. It'll always go up for me because I'm a good person No, it's gonna go down for you too. All right. It doesn't discriminate. Okay. All right Number three probably one of the most important things That I talk about on the channel and I'm really going to disappoint a lot of people by stating this Any guess what it's going to be take a moment. It's one of my favorites Get a j o b This is everybody's like unsubscribe and shut it off. Shut it off the independent investor channel is actually talking about going and earning a living Yeah, what a novel idea. Isn't that something? It's made all the difference in my life Yeah, yep. Yep. Yep. I just went in What yesterday sometime this week and I got to get a crown done because I got a hole in my tooth And I went back and forth with the insurance and they declined by pre approval I was like, you y'all are my insurance. You're gonna approve it But if I didn't have that benefit one small benefit I got to pay the 2,500 right out of my pocket. That's $2,500 that I keep I retain I'm the good guys the good guys get to keep that money, right Insurance dental health insurance, right? I try to keep myself really healthy. I don't like going to the to the doctor My my my biggest goal is to actually Avoid going to the doctor by not getting sick. It's kind of a running joke of mine. I'm in phenomenal shape I'm a freaking warrior. It's all good and I do that but but the bennies right the bennies are really good It can help kind of buffer some of those unexpected expenditures yada yada yada. However Having a job is a lot more than just becoming part of the rat race or selling out to the man Oh If you want to know the truth, I actually love my job. I love it Um, I loved when I commercial fished in alaska. I love my current employment now. I absolutely love it. It's an absolute gift It's an honor. I wake up every single morning And you know, it's a symbol of a good job When you look forward to going for the job. I'm looking forward to actually having off tomorrow Because it's been busy But that reprieve and the way people talk about like the allure of running their own business I look at it and i'm like that doesn't sound attractive at all I'm i'm like I like the security man. I like everything that um, it it gives me now It gives me hope for the future It gives me satisfaction the camaraderie everything that I have that comes with that is The reason why I do it now the longer that I stick with it the more I earn So people who look at the entry level and they're like, I don't want to get a job I'll tell you what, you know what? I'm just going to either be a bum or a millionaire I'm going to shoot for the stars and those people will continue to shoot for the stars their entire life And they'll end up being like waking up one day and they'll be like god dang I'm 45 years old. I have no insurance. I have no savings. I have no j o b I have nothing and i'm still holding on to that pipe dream that at some point I'm going to be a millionaire, but it looks like I ended up becoming a bum Get a job, okay? I want to go to college Get a job You making over six figures You should be a shoe in for a millionaire. You get no sympathy from me. I will help you just the same Okay, but don't think for a second that those people out there that have those 25 35 000 a year jobs I patrons to the channel that do just that And they may have more of a shot of making millionaire status from some of these people that I know make 100 100 and a half and they're a complete disaster They adhere to none of the rules that I've just talked about none of them. None of them Yep, did not take proper protection against uh taxes out there And they're a complete mess with their spending. That's the biggest consumer I find is the inability to just adhere to a program and buy into the philosophy that Money the way I utilize it is very very It's not understood very commonplace amongst people people look at money as an avenue to spend Me I look at it as an avenue to save Um, I spend I spend 2,500. Oh, I spent 1600 dollars today on a block of stock Now that makes sense to me. Okay, but the majority of the activity that I did this week I'm down to a quarter tank in my in my truck. I do need to pull into the gas station and get some fuel That's on the horizon We're probably getting around the corner to actually get into some groceries My little fella got sick yesterday. We had to buy some Tylenol Reality, huh? Yeah sound familiar? Sure it does. Um, I'm about as real as the real can get number four number four super Super important and without the independent investor channel, you would never know that there's somebody out there with the approach and some might consider the abrasiveness or the the the raw approach or the Hey the scoff at social media and maybe I don't know it doesn't provide all of the benefit that people think that it does You have to establish perspective I can tell you the great separator for me Um, is the fact that I have marched toward a goal of wealth building my entire life The decisions are influenced by it Um our spending habits are influenced by it Our pursuance of careers Is influenced by it I've even rubbed off on my wife in that regard and that she didn't have that You know that that idea of importance of personal finance savings except whatever it might be And she on me as well, right? So, um, it's it's a good thing But without the proper perspective in other words a desire to do An idea of just Sitting back and saying man Ryan's really passionate about this. What was the last time we actually thought about Where we were going to be in retirement and even deeper What is it that we need to do to maybe even get there or get to 50 percent of that goal or Let's just set out on this goal and we'll end up where we are Maybe we accumulate 125 000 a quarter million dollars toward that goal and hey, we're good for it, man Because you know if it wasn't for Ryan kind of pointing out that you need to put yourself on a plan and have the perspective to get there Right, we would have just continued to live in oblivion Look at my Christmas decorations Right I gotta you gotta have proper perspective as you approach those ends. All right, so that's number four Established perspective You have to want to do it if your perspective is that you're going to win the lottery To become a millionaire It won't happen for you If you think that somehow life owes you Because life has coddled you up to the point of being turned out as an adult You're going to get your ass kicked and you're going to have a rude awakening that if you become complacent on life You're going to find really really quick that that complacency Sets you back and it's going to set you back a long time now You can drop that complacency and you can catch up But you're not going to be able to do it right away because you're going to find if you're on the front end of the wave of life that Organization is necessary Dealing with unexpected expenditures is going to be necessary The ability to be remain dynamic and deal with injects as they happen boom boom. I'm always ready. I'm always ready Yep, what's going to happen? You know, what's going to break down with the car? You know, what speeding ticket are we going to get this week in new york? Right is always something baby You know always some sort of expenditure to happen some sort of trip or some sort of Tooth that's falling out of my head that needs to be dealt with i'm ready to go if I was complacent on life I'd be like And this over here Again And woe is me and you just get steamrolled over and and you just give up man Like because life will do that, but I think there's a lot of people that try to actually deploy that as a strategy of life and Good luck if you can make it work. I can't um I Make it work for me by remaining sharp aggressive You might think it's crazy that I come on and do this every friday. I think it's one of the most sane things that somebody could do to help people No doubt about it's one of the most sane things that I could do in an insane world If not to use my favorite, you know quote from terminator two and help but People are insane. They need to hear this stuff. It's just that sample number five on the list All right, and about five six minutes left in the live stream tonight I'll go a little bit over time because I do want to get to some of these comments So if you have questions for me leave it, I will go an additional 15 minutes tonight Just as a special treat and just because I like doing this project Truly I truly love it leave the questions In the comments and I'll scroll down and I'll get it JJ's saying buy more nickel. I'm not going to buy more nickel. I'll leave me alone fruit then number five If you're going to march along the road to success I've posed the rhetorical question to people out there to do or not to do When it comes to investing And you can do it in a lot of capacities some most do it in 401k because They just adhere to this idea that they're stupid They don't know what they need to know about investing and they buy into all these cliches They talk them out of potentially investing in procter and gamble johnson and johnson home depot You know merc visor some of these Endop phenomenal companies many many more out there. Okay But they are and I give them credit for adhering to number five and it's the most important. It's the very It's the very cornerstone of the independent investor channel And that is to invest Okay Now investing in the definition of investing in in through my channel is tax Tax protection through the Roth IRA very important And more importantly wealth preservation and the wealth preservation is such to Suggest that if you can Invest passively in the s and p 500 over the course of your life You're not going to incur fees over those dollars over that same time period Okay, so Super important to adhere to those disciplines So tax protection and wealth preservation i.e the elimination or drastic Lowering of fees over your portfolio But the acceptance of what style of investing you want to be I had one of the patrons reach out and they were like Thanks for the dividend growth portfolio. No problem. I'm happy to share that It's one of many strategies that I deploy Passive investing being the most dominant of those. I just looked at my Thrift savings plan this week and I'm actually up year over year go figure in a year that's been so horrible And so volatile and so up and down By just holding true on my dollar cost average every two weeks I'm actually up a few percent this this year Where I presume that there's a lot of people Deploying other strategies Even passive in some capacities and are actually severely down still In their portfolios. I'm actually up in the thrift savings plan go figure And then to initiate a dividend reinvestment plan and the dollar cost averaging over that So to invest If you can couple the aforementioned five things that I talked about We hate to use the word guarantee in stock market investing But I find it all too often ironic how people out there adhere to planned failure planned failure Spending too much in direct conflict with item number one Number two not making a plan or setting a plan in motion that adheres with the status quo Or what it is a socially acceptable behavior The plan exists in so far as I'm going to get over my head in a mortgage And I'm going to buy the nicest car that I can afford or maybe dare I say Don't I I can't afford but I'm going to buy it anyway And Hubert go paint the fence white That's my plan. That's my plan to financial security. Okay They Get caught up in the pipe dream So my charge to actually get a job falls on deaf ears And I say it tongue-in-cheek is no problem. I'm I'm super happy if I lost my job. I would I would not be happy. I would be It would be devastating to me Just because I love it so much and I feel like sometimes when I offer those comments that I'm somehow Combating this idea nowadays in 2022 that you just need to throw all fate to the wind and You know, you need to you know, take every chance that you can get to somehow, you know, shoot for this shoot for the stars People who make it and they're not prepared to enter into wealth will lose it anyway So why not just set yourself on a disciplined program? At least you can look back on a disciplined program and say, you know what I did it smartly I didn't succumb to temptation I didn't fall into every single, you know thing that comes our way this and that one way or another and I'm proud Of the fact that I didn't maybe I don't make millionaire status But I can look back over a career and be proud of of the work the body of work that I put in and There is some truth to to merit and meeting. There really is okay and for those people that Don't have established perspective or don't take the time to You know challenge what it is they think they know this whole idea of being privileged And expecting that that privilege is going to actually get them somewhere And then finally the inability to adhere to an investing program. So those are the five things guys I hope you enjoyed it. These are things that I absolutely do I would consider myself An expert of these things because they're mine. There are things that I look at and I would say Boy, if I didn't have any one of these things It would absolutely affect my bottom line and I would not be able to come on and and share My story with you guys as as a success story band. So I've got Dave in the house here Great stuff man. Leave your comments at the bottom guys. I'm gonna Rip through these as quickly as I can if I can cherry pick a good comment here I absolutely will but I've got some really really cool folks in here cash is in the house Hola Almost us we'll be in Great to see you. Thanks for coming in man. I really appreciate it very cool Eberts in the house. I spend too much at Costco Yeah, it's easy to do that. I buy honey and meat There's a couple other things I buy the big obnoxious bag of almonds I buy the bulk two pound bag of raisins And I put that stuff on my salad every single day when I take go to work Got some comments that work on my salad. I'm proud of it. I make up the same guy. It's very cool very cool Chuck says what up guy Good man. That's awesome. Thanks for stopping by jared's in the house just to say hi Says I love highly on I do too. I'm gonna love it even more when it goes up. It's gonna be fun to watch Be a fun project. We'll go ahead and log as much as we need. I put that on a plan as well It's only through The grace and the perspective that I've actually deployed that I have the The ability to enter into a a position like highly on and actually have the ability and perspective to see it through Mm-hmm. Yeah, it'll never go up ride. Okay. It'll never go up. Sounds good. Sounds great Thanks for helping me. I really appreciate that Very cool Chillin next to the wife. I would fantastic and stuff man Yeah, enjoy that man, and it's great. I really appreciate it I hope you don't mind me highlighting your comment and It's really cool that you guys can kind of take that share it learn it. I really love m1 finance. It's a lot of fun Um, I don't really see myself actually doing away with those portfolios or dissolving them just because I like the platform. It's really cool I you know, I can put a few hundred bucks in there every now and then And m1 finance does the rest. It's just a cool deal And I love sharing it with people it was shared with me and I love passing that That onto others as well That one guy 1235 He says good evening. It is a fine evening. Thank you. It's good to see you man. Very cool stuff I don't know what that means. Very cool. Thank you so much appreciate you Very cool. He says it's a beautiful tool. Love the growth. I've been getting Yeah, it's just cool because they do a lot of the work for you a lot of the guests work You can just throw money at it and it does well for you Very cool stuff stoked to hear you've reached the milestone 150 percent have earned it Well, the five hundred thousand dollar milestone I've reached multiple times And and and it just speaks to an interesting perspective for you guys that are still in here listening to me Um It was humbling You know, it's like, uh, you know, you reach a half a million and then boom all of a sudden You know the covid hits and and this volatile market and the bull market kind of comes to a little bit of an end And it stands still and all the pundits shift and it's like we're entering into a recession all that stuff So it takes a little bit of humble pie to you know, get back below that 500 thousand again But I've built that back up now Um, and there's been some initiatives that I've drilled down on and and I've made happen But I appreciate that man, but um, don't think that it's somehow linear Don't think that somehow just because you reach 10 000 that it can't go back below 10 000 Which I think is a critical milestone for a lot of people I think there'd be a lot of people out there who are like ryan says it's super important to reach 10 000 Which I do believe but then they'll reach that 10 000 and then they'll go down below 10 000 They'll be like, ah the hell with it. I'm out of here throwing the towel. They sell everything You know, I hate investing it sucks and they failed to realize they would have never made it up to 10 000 Had it not been for the perspective of a discipline setting goals making plan living prugal having a job Hi sound familiar? Yeah Yeah, there's a method to my madness, man It's pretty crazy Shaded light gets the award tonight for the most comments man. He's just having like a A discussion here man. It's like war and peace in my comment section, man Geez louise. He's just he's loving it man. That's good He gets some entertainment out of the i2 live stream. I quit my job after 34 years Now I just eat cereal. Sure Um, I'd like to walk away, you know, when I have that those marbles. It's all good He ain't gotta put in that time anyway He's sharing what he likes. That's cool stuff, man. So I'm almost to the bottom here. Um, yeah, I don't I don't know Nicholas Always always had me head scratch and I I'm not really sure everybody's losing their shorts on the The tesla truck heard round the world and is highly on Gonna be okay Tesla's talking about 500 miles tesla can talk about all they want Um, I dare I suggest that you look into the reality of what they can actually get Oh ryan elan musk would never lie to us He'd never lie And I'm just like the rating on your tesla is 380 and you don't get 380 you get 200 Yeah Sorry, sorry to bolster. Sorry to burst your bubble It's the kevins in the house. Love building the top 100 sure. That's a fun way to invest. I like it. It's cool It's cool. Don't have too many You know too many eggs in one basket It's kind of cool if you have a problem with one and you know, they all go through swims Sometimes they're up sometimes they're down but over the you know over time Those really good gems of the stock market typically end up paying off In the discipline ryan, did you get a chance to check out the rx dropping out? Had I known about it? I would have went down there and filmed it Um, I was you know, a little disappointed. I you know, I was frustrated with the solicitation of the questions I'm tired of asking questions and not getting amassed So when I'm asked to offer questions that I know are not going to get brought up my answers No, some people thought I was being rude. That's it's totally fine. Um, I just I do enough for highly on Rest assured I do enough for them. I'm good I'm totally good. It's an open door policy if they want the interview that can have it if not no big deal I'm good. Um, I make a thousand dollars per interview on the channel. Anyway, I'm fine Why would I need to beg to have somebody come onto my channel for freaking free forget it? I'm good to go. I'm good to go We'll wrap it down guys. Very cool stuff. Really appreciate you making your way in here for the friday live stream I want you guys to uh, have a great great weekend We'll be back next friday on the independent investor channel fastest 60 minutes on youtube. Be well. We'll catch you next week