 Boom and we are live right on time here 9 o'clock eastern standard time. Welcome to the independent investor channel My name is Ryan that funny feeling you have that's creeping up your spine the electric feeling That's empowerment. All right, and if you listen intently I can give it to you All right, I'm a very very motivated fellow and I typically do not miss my Fridays For the sheer intent and mission of empowering one investor at a time I wouldn't do this project if I thought everybody and their mother understood investing Okay, it was like putting on your seat belt people invest and the S&P passively they have a little nest egg when they retire Right, everybody's good. No need for the independent investor channel We can all just trust the mass media to Shepherd us through the valley of the shadow of death and fear no evil for therefore They will entrust your retirement to the land of riches. All you have to do is listen to them I do apologize for missing last week. I don't like to miss. I don't here's the thing. I was on the 24th floor of a building not to be named on 59th Street in Midtown Manhattan overlooking Central Park so there's not a whole lot that I'll miss my project for but I Did share some post of Facebook guys and I'm really easy got to find I would invite you guys just as a give back to you guys It'll cost you absolutely nothing man. Shoot me a friend request man. I share that stuff through Facebook It's a cool way to connect with people. I know there's a lot of people who are like, hi I don't do it a blah blah Me I have family spread out all over this this this earth Both in Europe and here on the west coast the left coast and here in the in the east northeast where I'm at here Dominsiled broadcasting from New York City. What a great time we live in where we can actually broadcast from my epic broadcast studio like Wayne's World from New York and Provide some outreach to people very cool stuff But sent me send me a friend request man If you've never done that before or you don't think that that's Something that you ever thought of doing please shoot it over to me You can actually see those photos so you can actually kind of understand And forgive me for missing last Friday But it was a lot of fun. I visited NBA headquarters last week Got to see three doors down. That was kind of cool The lead singer for three doors down actually but he flicked me his guitar pick which was really really cool It hit the ground and I was like no, no, that's mine. I actually play leave me alone There was a bunch of kids like oh what a great souvenir and I'm like no No, I'll actually use it like I play all right and he looked at me and he was like yeah Yeah, you have a level. Yeah, here's a pic for you So it's pretty cool, but it was a very very busy week So I do apologize for missing but what a what a what a week makes here and speaking of family shot out all over the world for sure but Family out in Oregon for sure if you are watching and catching up live certainly worse worth to give a shot out here This week was a month monumental week for me. I'm actually quite frankly. I'm I'm I'm over Overwhelmed right now. I really am I'm overwhelmed. I'm humbled Took that big promotion that I had been sharing with you guys I came to New York for that very reason It's a very impactful here being in New York Being in such a large Mecca of the United States the city is very very powerful. It gets a very very bad rap And and for some of it, it's good. There's good reason why it does but there's an essence to the city that I absolutely love and It is demonstrated in no short order when I walk the streets of Manhattan In my service uniform and and get the accolades that I do pretty cool stuff It's very very special This is the heart of the independent investor channel So it's kind of a double whammy for me life is good. Hope all is well with you guys. Absolutely, but Market news is incredible today on CNBC. We caught the news Explaining to people how we might not be in for a recession. Okay that now we might just Buck the trend of an inverted yield curve and end up not having a recession at all and Therefore everything that's been told to you the last six months. You can just go ahead and deep six that stuff Because they didn't really mean it. They were just looking to generate hype and and hype. They did generate I really think they should come on and apologize for Jumping on this hype train the way that they that everybody has and then they blame it on the bears I know CNBC acts like they're somewhat neutral in this whole thing They are not they are not they're the puppeteers man above who bring on all the bears You know when markets down five six hundred points every single day and you know The sky is falling and we've got to sell that stuff to people people love that stuff people tune into it They're like whoa, whoa, whoa Maybe I need to react and sell all my portfolio and wait for a better day in the in the market Think the quicker you can come to a point in your life where you give all that up The whole kit and caboodle when loser draw you give up the whole thing Stop being influenced by people who do not know you. All right. I do not know you in all fairness The social media opportunity for me is just that to connect with people good people like-minded people who Truly understand that my mission for myself is shared through social media but to Really help people understand the power of trying to write their own script and Identify what is going to work for them and to start on a program that makes sense for them to understand that going through life sometimes may involve some level of risk and if you do live life and you're afraid of taking risk and I would go so far as to say that a lot of people take risk and they don't even think that they're taking risk in other words They aspire to things that society would have them pursue In a way of success Okay, who has the most gleaming white picket fence out in front of their driveway How many cars can we stack in the driveway compared to your neighbor? It's super important. It's super super important And when you crack those Miller lights over the fence post right and you're pulling a home improvement discussion, right? And you're comparing You know the the gleaming wax job that you just put on the new vehicles. It's all about show All right, I Would like to believe that we could not necessarily that we do But we could live in a world where people are judged on who they are Not necessarily buy into this idea that they're judged on what they have and I see this first hand all the time You think I'm off base? I am not you think that people do not need to be taught about The psychology of money and personal finance let me know if you have a problem with the The the the assessment that I have that most people are completely Completely bananas when it comes to their money completely bananas and I have in certain cases people who scrutinized my program That's fine. The thing about it is am I an investor? Yes Have I defined the level of risk that I want to take on well holistically? That's where I take the scrutiny. However, if you look on an individual basis, I've got about 20 accounts Okay, 20 What have I demonstrated and shared with a grander audience most every week minus last week most every week? When we went into this looming recession period over the last six months, you could Presume that over the last six months It would have been the very most difficult time for new investors to look at this market and say Ryan I'm confused everybody saying I'm gonna lose all my money and it's gonna vaporize and it's gonna end up I'm gone and I'll never never be able to get it again. I would rather just secretively Lose my money and buy a seventy five thousand dollar Silverado Right, right. At least I can see that right I can see it deteriorate in my driveway every single month, right? At least I can touch that I can't touch stock Ryan. I don't understand what this is all about okay, I Think it would be just as hard-pressed to take the 482,223 dollars and just stack it up in front of me so people could be like wow, it is kind of real It's not just a number right Ryan kind of knows how to build wealth And and I've premised that by suggesting this nobody gets involved with stock market investing Without incurring some level of risk now the question that you have to decide for yourself And it's a very very simple guys. I don't need to patronize people but people can People can resonate with this idea and the idea is this The amount of risk is something that you can control you are the governor Okay, for all you engine people out there. All right all my Detroit diesel fans. Okay You are the governor over how much risk you throttle up or How much risk you're able to take on in the low-end all right For the most part when I talk about empowering an investor Most people will lose their marbles and they've got excitement coming out their ears because they're like dang I just caught that independent investor channel and he motivated me. I'm gonna change my life He just said that he's got 482 dollars in the bank and that's like a hundred dollars more than I have It's incredible Incredible. I want to do that too. I want to save money. I want to be an investor Fantastic now we're Stepping you from the dark into the light Once you step into the light you're like an egg You're like an egg that needs to be protected Mostly you need to protect yourself from yourself Did I just say that yes, I did you need to protect yourself from yourself The influences of others don't typically lend itself very helpful because you have to remember the sub agenda That exists right now in a media that has media at all times right in front of your face Okay, so There is some level of discipline There is some level of filtering that needs to happen quite frankly there has to be some level of timing discipline especially for the kids Most of my audience is in their 35 45 year range some in their late 20s, etc My message applies whether or not you're 18 years old or up to a hundred It doesn't matter the problem is the 18 year olds that would come to my channel They already have it all figured out and they want to school me up on what it is that I don't know about turning scratch into something Very very material with regard to my goal and financial security down the line Okay, the steps that I have deployed they work. Okay. I don't buy into a lot of garbage I don't go wishy-washy back and forth sell in and out of the market What I have told people is that I have continued to contribute over this time and dare I suggest for those who are tuning in to me tonight I do have the sheer opportunity and green light to come on to a YouTube audience with 37 patrons right now They're enjoying this and I should come on and I should say See I told you so I'm right. I'm right and everybody else is wrong I was right when I said continued to dollar cost average the markets when we were staring down in the steps of a Recession talk and it was inevitable that the interest rates were going to drive the economy into the ground And it was my job now to come on and say see I told you I was the one guy that was talking about that I was talking about Funding markets when it was the most difficult to fund markets. Does that sound familiar? Right? He might say gosh Ryan you could probably do that. You want to know why because I could I could For those of you guys who watch me The more disconnect that I can Define for you The more parameter on one end and the other that I can define for you as far as Where the mainstream is and where your application is The better off you'll be in understanding where you should be in comparison to the mainstream. All right By the markets when everybody else is saying you're crazy. I had people directly tell me Ryan You're crazy. This is not a time to invest. This is a time to buy bonds You remember that discussion? Guys that wasn't five years ago. That was just a few months ago You should transition to a 60 40 portfolio. There are books written on this in that if if Your age and your tolerance is indicative of a plan that would Benefit from wealth preservation Right the introduction of some capital if any to the bond portfolio Then that could be prudent for an individual But they were talking like the 60 40 portfolio or the 50 50 portfolio was king in other words a young person Or a person in their 20s and 30s and 40s 50s and even 60s Should have at least 50% of their money and bonds that conversation was happening just about a month to two months ago Oh Ryan you're such a crazy fella by pointing out such things. They didn't mean what they said Mmm-hmm, I don't care. I'm a martyr. Tell me you don't even want to trust me. No problem You do not know me. Okay, trust yourself All right, go back to the clips the irony and the whole thing is that everything is documentable nowadays Mm-hmm. Go back Go back and look at some I just saw Matt money pop in that money was one of the few guys that was out there beating the drum on Continuing to invest and invest through volatile markets Mm-hmm, and there was a situation of about a year year and a half ago I guess Matt why talk to Matt. He's like Ryan man I'm like I look at my portfolio and it's like down as much as I can buy a house for and I was like Yeah, man, so you're like you're young and to see that you're looking at it from the wrong lens and perspective Yes, that could be true, but it's an unfair comparison to do that to yourself It's an unfair comparison for you to look at yourself in that situation and say I could have done this or I could have done that no problem Remember to do that this and that that you would have had to have given up on the opportunity that investing Has it has provided for you, right? Palantir's worked out just fine. Has it not right? investing has cycles and when it is in a cycle of negativity This is when we lose a lot of people and I will go to my grave I will go to my grave with this project still preaching along the same lines and nary a person will find my message The very few y'all are lucky. I just invited you to send me a friend request The right the Ryan that you find out on Facebook is the exact same Ryan that comes on to social media and gives you the good And dare I suggest Dare I suggest that with my small community? We are right a lot of the times We are right a lot of the times because if we're going to be wrong We're not going to be wrong at the hands of somebody who is trying to drive a narrative And if you just sit back and you think about that for two seconds guys It can be really really attractive to people out there that are like, uh, you know Ryan's got a pretty ballsy coming on and teaching people about you know, financial discipline, you know I know everything there is to know about financial discipline but I like this I like this idea About taking control of your own money and actually I don't know pulling out a little bit of brain power on your own and thinking on your own Amazing. Um, I'm a kid in a candy store. I'm sitting here in my youtube chair Deliver in my live stream to my favorite people. This is one of my favorite things to do It's one of my favorite topics. It truly is guys it we really do have The chance to make a huge difference for people and it doesn't have to be It doesn't have to be what you think it has to be What I mean by that is you guys think that I'm going to put you on like a 48 stage Like program or something It's just a very sheer decision to say I want to invest or not You want to buy the f in silverado go buy the f in silverado Go mud bog until you're happy until rapture No problem Do not come bitching to me during retirement when that silverado now is in the back 40 with grass growing out the hub caps All right, and and you're like god dang I don't know that silverado sure as hell doesn't have the same luster as it did back in 2023 I'll be damn. I tell you what I paid a pretty penny for that sucker in that investment Really didn't didn't work out too much right now. It's like I probably get 750 dollars for it I beg Inflation 20 years from now a silverado will be like 225 thousand dollars, you know The same mistake the same habitual mistakes will be playing out over and over and over and over and over again because people cannot resonate with the idea of buying stock in a company rather buying the clean leather in the silverado and the shiny hub caps And the beautiful granite in that in that new home that they're paying a premium for All the while that granite probably cost 1250 dollars and you just paid a premium of 4500 But that's all right because I can touch the granite. I can touch the granite I can I can wake up at midnight and I can walk out into my driveway in my bathrobe And I can actually touch my silverado hub caps And I can touch it ryan I can open the door and it will ding at me the ding ding ding and I can I can rub the leather and I can Be like see ryan. I told you you you tell people to buy Stock in companies or buy passive ETFs in the in the stock market, you know Look at this. Look how successful I am remember over the Miller lights, right at the at the fence with the with the neighbors Comparing my silverado. Yeah, you got the 2500. Yeah. Well, I got the 4500 Neuramax with the allison transmission and thereby gotta tell you what I I commute seven and a half minutes down the road here I have a corporate office job. I I never use the truck for what it's actually intended for you want to know what those trucks are intended for farming Farming Yep, I just bursted your bubble bubble be back with you in just a moment I'm really really happy I really am I have life flowing through me I I guess I've had the empowerment gift for a long long time when you have it this long It can be somewhat consuming in that when you start to find some personal success for yourself Guys like myself who are very very giving find it An opportunity to help others and that is that is our intent In all fairness, I joke a little bit about the silverado's because I I think that makes up a lot of the people who grew up in This country who are materialistic And they judge success based on how much Crap you can pile and which crap pile is higher than the next crap pile And who amongst the neighbors has the highest crap pile and we can get together and we can have like We can have like neighborhood crap pile Groupings and the people with the biggest crap piles can get together and they can vote in like officers and stuff And there's a president to the the largest crap pile in the in the neighborhood. It's fantastic And we we glorify it. We do we glorify it all day. Oh my goodness. Did you see Frank? Well, it's like, you know, if you only knew the truth see their Frank and Betty are in debt by up to their years in the tune of three hundred thousand dollars, but that's all right They can show off their golden Crap pile to people and that's what's most important. Yeah, it's funny. I look around my house and I've got More than I would ever need I hate clutter I don't like it at all I don't like it at all There's a few things that perhaps maybe I purchase That are some of my most favorite things. Um, I'm probably due to slam the door here on a Purchase for a new guitar. That makes me happy. You know, that's like therapy for me But um reflection certainly on those things like family those are the most important things You know building for their financial future. See that's the thing is when you start to Start to articulate and revolve around decisions that we make To put that Silverado at the driveway I think people fail all too often to identify the ramifications long term of those decisions The bottom line is we don't need those things. We really don't Um If you're gonna buy a tool like that, which it is to to to put to rigor Then then I may hear you out, but for the most part people can't afford that They can't Boats boats is another thing bring out another thousand boat People i've got to have a boat. It's status symbol. It's fantastic. Who's got the biggest baddest boat on the lake Fantastic good for you. You got an awesome boat. That's awesome. How many times did you use it last year? Well, that's that's irrelevant. Really? Let me ask again. How many times did you use the boat? We used it three times ryan three times nice That's fantastic. How much do you pay alone in just insurance to carry the boat? Yeah, I don't yeah, that's not important Hey, look how good it looks out in the driveway Fair enough fair enough all is fair in love and war This comment struck me This was funny people thought matty was crazy not this not these people and really matt you You shouldn't worry so much about what people state. He knows this too, but I'm gonna take and twist his words a little bit I don't care what people think I don't I don't care people will scrutinize or they'll come and they'll You know, they'll compliment whatever If I didn't do Then I wouldn't have either If I didn't do the project and I didn't put myself out there to put my ideas out there for people to think about things in a different way Thinking about things in different ways is going to be your secret sauce to success Okay So when I read this it resonated with me because I was doing the same thing he was doing I was like right on finally we got our multi-year dip in google and amazon both of them were Over 50 from their highs down And Probably more But tech was just driven down the t uh triple q's is uh doubler. It's doubled But well we're in for a recession, right? I see we're talking about the good stuff The good stuff, you know when we talked about, you know, the naztac probably being oversold and Inflation is going to crush tech and it did For a short term What does it mean now? What did we learn from it? Does it mean that you can judge markets on short term? You can try you can try There's fads that come and go in the market they come and they go And there will be others all you have to do is prepare your mindset to Take on those observations listen to them for entertainment matt's great to see you my brother I I didn't think you were crazy at all. I thought you were probably the most sane person out there Talking about buying those equities. Nobody was talking about buying them. Nobody Stay off tech stay off that now everybody's back on fang again up at fang and a bang bang bang If it's with a bang bang bang bang bang bang bang bang bang bang bang bang watch the mbc The same thing man And people are jumping up and down and that gets you know one month ago They were like, you know, we can't buy amazon. Why would we want to buy amazon? Really? Why would we not buy google for crying out loud like google's not going to have a hand in ai Nvidia for all the invidia owners out there. Congratulations. You made some money For all the google and amazon owners that stack chips. I bought it pre-split. That was the That worst time to buy I didn't care. I own amazon now. I'm good in other words I'm not judging the merits of my investment Over a three to six month time horizon. I can look at it and be like wow right on man I should have shorted the stock I would have made money, you know Um, we buy into the stock at the very worst time. I didn't buy them. I didn't bat an eye It meant more to me to own the business Then it did to second guess owning the business through the stock retraction It meant way more And I think you guys need to look at it that way So I know matt's talking about that and I know he was talking about it. He's not he's not bs He was absolutely talking about hey, maybe this might be a time to dabble or even dabble in the markets Now what I said was I was dollar cost averaging markets I was strategically buying on the down days. Who knows we may end end up going down at some point You know the the statement today was really really good by rick sand toly I believe is one of my favorites. He's actually one of the most Level headed on cmbc is really good. He's really really smart but he talked about the inverted yield curve and the increase in and Um interest rates and the strength of labor market strength and the economy etc etc being this pool that the bears really jumped on and said It's inevitable. We're going into recession Nothing is inevitable with the markets trends do make themselves available for scrutiny But that is not a foregone conclusion conclusion where you've had 10 events previously to Upending event that could be the time where it shifts on you and that does not recognize itself All right, so playing the market and suggesting that somehow okay recession is inevitable It's going to happen on this date And you guys need to just you got some time but go ahead and just sell all your portfolio and just put it into municipal divans That's going to be good for your financial future I'll bet you that there are people out there this eve right now on june 2nd That are regretting That are regretting decisions that were made over the previous six months six months Where I contend the quest uh decisions made in the acute are often Incorrect, so if you did screw it up the good news is you can deploy my philosophy and write a wrong Over the long term anyway, doesn't matter loot learn from your mistakes. Okay Don't enter into 2024 and have the uh, yeah, this is going to be the year of recession and 20 25 Pops up and it's like this is going to be the year of recession and you sell at the beginning of every single year You sell out of the markets and you and then you go back in at a tie Markets for me. I'm I'm uh, I breathe 30 000 into the portfolio and I didn't even I didn't I didn't even see it Yeah, just the grumble of the market Grumble, how can I get some grumble to ryan show me the way ryan? Please. I know nothing about investing That's really simple Really simple. I'll give it to you now give you the secret There's a secret come closer the secret the secret Become an investor Invest in the markets No matter what Do not enter into a financial product that you are not willing to own over the long term Let's just call it owning it inevitably All right If for some strange reason You trip and fall into the s and p 500 All right, and you just happen to subject your dollars to a little bit of a downturn 5% okay Put yourself at ease and realize that over the long term if you end up being a complete loser And lose 5% Over the total amount of your money over a 20 to 30 year investing time horizon Then you are a loser And you will give it to your children Because you are adhering to the one rule that I just told you the golden rule come closer. I'll tell you again Seriously come closer. You think I'm joking Grab your drink. I don't care. It's fine. I know I get it come closer Invest in the market You want to trade the market? Trade the market. I've been very successful trading the market All right, my best year ever as a swing trader. I made over six figures Swing trading the market you emboldened the portfolio. You want to know how much swing trading I've done over the last three years? zero zero The passive investments have stayed true I wake up every single day and look at the markets and I'm like wow It seems like every day I wake up and the markets are down anybody else resonate with that feeling mm-hmm What do I say about? non conducive financial markets It's never as good as it seems that it is and it's never as bad as that it seems that it is right So you can look at markets at any time and deploy that now on the extremes People get all euphoric when the market goes up and they're like, yes, I'm the greatest investor ever man This is incredible. I'm going to go in I'm going to comment on ryan's channel I might be like ryan. I bought the market low june of last year. No, you didn't you didn't you didn't You you really did nobody did Nobody did okay. You were either paying attention to something else Okay, or you had we're paying attention and you succumbed your decision to the whims of others Because you could not make a decision for yourself and buy into Validum markets You could not buy into volatile markets, but ryan. They were volatile You did not buy into volatile markets. Why? Because in my perspective and philosophy about investing you're not putting those dollars to work for validation three to six months later We've got some validation this week last week. Whatever Next week could turn on a dime. We could go back down doesn't matter I will continue to buy the markets continually over the course of my life And when the dust settles I will have deployed a philosophy over the longest amount of time that I could In my life and we will see where the dust settles. Okay there are books after books after books That prove this philosophy true. All right ryan. Give us the top five picks. That's why I don't do it anymore I can't do it. I cannot do it I invest in single stock I do I was buying google and amazon like Matt money is talking about here I own dividend growth stocks in my dividend portfolio I own some speculation. I get the most scrutiny over the speculation. I really do Not one person comes to me, which is not surprising not one person And asks me this question How much of your dollars are passively invested in the market? Nobody asks me that nobody Everybody says I like I like highly on it's a it's a it's a good one But it's too speculative for me or the cash burn is too Whatever and those are all fair assessments But the thing about it is what percentage of my portfolio now makes up that equity? All right, six percent six percent So the 100 percent of the attention goes on six percent of my portfolio I just had somebody reach out to me. They're like man the views on the channel are dropping I was like, yeah, so what doesn't bother me. I don't care I don't care. I know where I'm going. I don't care. Okay. I'm not looking to cattle herd All right. I'm not looking to be your shepherd. All right. I'm not looking to attract sheep Okay, I'm not looking for that I am looking to attract killers. All right those that look at and pierce through Pierce through the confusion To get to the pure state that I am trying to teach upon and that clarity is very very simple once you resonate with the idea of taking on the amount of risk that you're comfortable with Allocating the amount of capital per month that you're comfortable with Um and adhering to that program over the long term those the three recipes to success If you adhere to those three things and don't don't pull one of them and just be like, yeah, Ryan won't know I'll just sneak out of the market and then sneak back in It's okay. I did. It's not gonna guy. Come on, Ryan. It's so bad right now. I I just can't take it I'm gonna sell and wait and then I'll buy back in Will not work Okay You'll get burned and it could still work guys. I have subjected my money to the same mistake I don't come on and I don't profess to be a saint In this application I far from it Nobody is I'm just telling you that there are tried and true fundamentals that if adhered to And there are portions of my portfolio that I absolutely adhere to My tsp is up over 11 percent year to date so far 11 percent I'm looking to increase that percentage now with this newly Uh anointed job title that I just got anointed with uh yesterday. It was a beautiful day, man It was a beautiful day But we'll be beefing it up right now. I do 20 percent. I've done that for many many years I may beef it up to 25 or 30 25 or 30 percent of my pay I think that right there if there's people who watch me they're like man, that's a scary proposition That's a scary proposition not scary to me I'm fine I'm fine. I still have shirts to put on my body to cover my tits I still have shorts enough to cover my legs when I go out in public I have all the money that I need to buy a pair of shoes or treat myself to a new pair running shoes when I need or a pair of jam workout shoes I actually have money to buy food Money to buy food Isn't that great? That's a success. Okay I'm just not one of those guys that puts a whole lot of value on the fact I'm not looking to get over levered I think most americans specifically and if there are patrons of the message that are a mess financially and carry a ton of debt You got the debt has to be controlled. Okay. Don't think that you're going to come to the i2 And you can deploy my message With carrying a ton of debt and losing a ton of money on the left side of zero Okay If you're carrying negative interest rates, then this program is not going to make any sense at all You're not going to outpace The amount that visa is going to charge you at 29.96 percent some ungodly amount And that's visa that's established credit card companies these quick and long places They should have horns coming out the side of them. I mean, they're just about as evil as you could possibly get I should just pull into the parking lot and watch people go in there and just like I I know they think that they're hard over What they need is discipline. They do not need a band-aid at 500 interest They should be illegal There should be Like I said, big horns growing out the side of them. Yeah Yeah, with the big devil face on the front of them with smoke coming out the devil's nose But the devil's smiling Come on in free money and we'll give you $500 on the spot You're you're gonna owe us 1785 dollars in six months It's a great deal And people go in there too man. They pay that overhead brick and mortar boom boom boom little guy like myself independent industrial channel Now he's small potatoes man. He invests in highly on he's a moron. We can't watch him. He's a freaking moron He only has 47 patrons to his message Yeah, if we can't watch that guy, we gotta go to the quick and loan pick go to the quick and loan man $500. Look, honey, I got $500 man. Really? God. You did well at bingo. No, no I went to the quick and loan place man. They they had me sign a document Well, did you read the document? No, I didn't read the document They just said sign at the bottom and here here's the terms of the loan and just sign at the bottom And they gave me five crisp $100 bills. Look at this, honey. Look how crisp these are The absurdity guys you think I'm nuts I this is going on. This is the reality man You all think I'm crazy. I just come on for 60 minutes and blow out the truth That's all I'll go back and decompress it on the couch and watch season four of my ends that I'm into right now That's what I'm going to do. I'm chill. Why come on this stuff irritates me because people think this is the norm That's a socially acceptable whatever is socially acceptable If socially acceptable wasn't to just get into debt over your up to your eyeballs Then the then the vast majority of the country wouldn't be in debt You want to know what my debt to income ratio is? I've said it before You want to know what a healthy debt to income ratio by all the scholars out there that cover financial planning 20 percent 20 percent you're encouraged to carry a healthy debt to income ratio of 20 percent. Are you kidding me? Your goal should be to carry zero debt zero if you can't afford to pay for what you pay for Then don't pay for it Ryan it's really nice man. It's the Silverado. It's the color. I always wanted Ryan. It's my favorite color Ryan We justify funny things in our minds man. It's crazy it's crazy The keeping up with the Joneses is even more funny, right? When you're the scenario that I talk about over the fence and drinking Miller light and your neighbor's drinking some fancy like Porter some stout or some awesome IPA with a little shot of whiskey in the bottom And uh, he's having the time of his life and you're looking at your Miller light like gosh, dang This is just Miller light. You know what I'm saying? And you get to talking to old jack and he's he's pointing out all this cool stuff that he's gotten his backyard And he's talking about all the the newest tractor that he's gotten his garage, you know His newest newest riding lawn mower and you're sitting there and you're just like I got big Okay, all I got's my Miller light. That's all I got I must be a failure in life Because I'm not drinking that whiskey IPA You know and you start to get caught up in this whole like man. I want that too I want that too. I've got to redo my driveway. There's a couple cracks in my driveway I got to redo my driveway because my neighbor doesn't have any cracks in his driveway Dude, it becomes a sickness. Y'all think I'm crazy. I'm the most sane mother effort on social media. Trust me man Because away from this I operate like a terminator. I swear. Do I have command over my finances? Yes, I do people look at it and they're like, man, you do some speculative investing Yes, I do because I'm a baller on the passive side It with all due respect I am eligible to engage in that speculation with all due respect All right, you come to the table with the three decades of experience that I've got and then talk to me There's no problem. All right. This is why I can scale it back and do investing one-on-one on the it live stream every Friday It's he's cake. He's cake easy Be a funder. You have to watch back dude. That'll be a fun one for show Jamie Jamie's at work listening. I hope I'm not putting anybody to sleep. I told Christopher Blaine He's in the group here as well. I told him I was like I try to deliver the goods tonight to not put anybody to sleep But we've got about 15 17 18 or so minutes. Anyway, I've tried to get to some comments here and shout some people out for share I see somebody somewhat new here. I don't know Reach out if you want help deciding on a guitar You're talking about my neighbor. What are you trucks boat camper and an Audi? What you are for trucks boat camper and an Audi Yeah, that's pretty awesome. Good for you. Yeah, you make no mistake about it, man I share my material insights And it's funny like I could live in a camper. I used to live in a boat You know, um, I love Audi's I love Corvettes if I have the means I'm gonna buy one Right, but I will be eligible to engage in that type of activity right now sitting on the the amount of money that I'm Sitting on right now. I'm in a gray period right now. I'm in no man's land. All right I'm I have an amount of money that most people would wish for Really wish for Not willing to put the steps in place to achieve set amount. Okay, but they would wish for that I didn't I wish I could win the lottery and win a half a million dollars No, no, I mean a moron like me can work for it and just achieve it, right? um My my father's got the real guitar. He's got a this that 68 s g gibson and and anymore Um, I would probably opt for a gibson electric guitar and then I would probably invest in a martin Um, uh, acoustic electric guitar. That's what I'm probably looking for Um, but those are significant investments and um, I live in an apartment So I'm gonna continue to be patient. All right, but uh, appreciate you stopping by michael. That's really cool Thank you for you man Matt says talent here to zero. There's a hell of a price prediction. That's awesome Buy puts on it matty buy buy some two two and a half puts on it. Yeah, I get lucky I don't know. Palantir was a doubler. I think from its lows. Anyway, I think it was close to five five six seven So hell close to a tripler. Good call on that man. Good really good call I dig it man. Make it some money I ryan jumped in and investing sometimes are under disappointment However, not investing can only render regret well said my friend freeman great to see you keep up on the good content Man, I love the content you throw down with your hard hat That's pretty awesome walking the real yards. That's real, baby. I dig it. I dig it. Keep it up, man That's um and hopefully people are entertained by the few minutes I come on Every week and throw down There are people like me out there. Okay, not everybody is a social media presence and You know, they can karate chop you and you know jump edit, you know I watch youtube videos anymore. It's like Like it makes me dizzy and they're jump editing back and forth and it's like it's aimed at keeping your attention guys, okay Because you don't have a tension span anymore guys like myself. I'm not gonna do that. I can't do that. I won't do it No way Not gonna do it man says I absolutely love the community and channel That's fantastic I'd be too I'd be too Proper great to see you man. Justin's been with me a long long time and good friend of the channel very very cool stuff, man A lot of fun. Sorry, Ryan typo. They have all of it. It's crazy. Yeah. Well, it's not crazy Um, look man, I'm not nobody's in a position to judge Okay, nobody I've seen people get lucky I've seen people accumulate, you know wealth. I've seen money come easy to people. I've seen come money come very very difficult to people investing is like Buying into a program that puts a little more of the odds on your favor Does that make sense Okay You want to try to do it another way you want to try to get rich by 20 you want to retire by 25 great I really do challenge those people To define for me what they think retirement is first of all So what you're telling me is that you're going to retire at 25 And if you have a life event at 37 you're going to be absolutely 100 financially stable for the rest of your life to incur those inevitable Right inevitable probable life events You're telling me that since you're going to hang it up at 25 because it's Awesome to say that you do you come on to youtube and you're you know driving your ferrari. It's awesome Those guys they're not even on youtube anymore. It's amazing Ricky Where's ricky now? You know, I don't mean to poke fun, but i'm been squared away Before youtube i'll be squared away after That I can guarantee you all right YouTube does not define me it never will It never has Never I don't expect that your social media presence will define you either Okay Define what it is that yourself take what you want from the channel man There's a lot of value here to be had put it to good work If people come back all the time and you're like, man, ryan, I heard this and that I put it to work It's great right on man. That's all we ever want It's all we're ever trying to do is help people michael good evening to you my friend It's great to see you. Welcome to the channel. Welcome to the live stream. It's good to see you again brother Very cool. I love the community too. It's badass badass community I dig it man a lot of really cool people in here for sure Freeman says rivers river song guitar at a bc one north american acoustic guitar of the year award 2022 They're all handmade beauties. I will do that. Thank you very much freeman. Thank you. That's really cool I appreciate that it's tough sometimes in the guitar market. There's a lot of You know brand names that go for a significant amount of money like martin and You know gibson and and fenders and those are guitars that i've always Aspired to own but never had the mean stone. I might know how cool they are I own about five or six guitars myself already And I've played them and I love them and they're it's fun. It's a lot of fun Very cool. Let's scroll to the top and welcome some people into the group Christopher Blaine first one in the group tonight Fantastic and phenom one's been with me for now for a couple years. Anyway, always just Appreciate preaching. Yeah, I'm a little abrasive. I know I apologize. I'm sorry But I got to get through to people and I do acknowledge that there is an element of abrasiveness that I Must have to penetrate the masses and that's just that's just how it is I will not karate chop you or skip at it you or or edit the hell out What you get see is what you get But thank you for for you phenom. Thanks for making your way on and becky's in the house. Shout out to becky Happy retirement to you financially secure I dig it very cool stuff Jared's in the house. Jared's been with me a long long time Very cool Yeah, it's kind of cool that we can build a social media presence like this and have such staying power I think that speaks to the Essence of the channel and and the vein of the channel and Maybe how much Credence we're putting through and how much merit we're defining for people. I hope that to be the case again, I don't I don't define my success on this or or anything else By my own assessment of my projects. I don't do that My projects are defined by the very people who consume the content and and and if they think that I'm a poor content creator So be it that's part of the definition if some people think that I'm okay Then that's okay, too. Um, but I don't I don't get to make those assessments um, I'm looking to um, get through to an audience um in a um in a in a in a topic that I'm very aggressive on and I think needs assistance on if I thought that there was More people doing it my way I may exit stage left and I may say, you know what this is Saturated when I started doing youtube there was all of you could count the youtube channels doing personal finance on a on a hand now there's all kinds of them out there and You know for me to go through and watch all 500 and determine which are the top 10 It would take me a lifetime to do and I refuse to do it So um, I just think that there's a few elements of the stock market that don't change No matter how many youtube channels are out there talking about it How many want to cover it? How many are male? How many are female? How many are old? How many are young? How many are charismatic? However, many of them are boring like me, you know However, many of them out there have the ultimate support on the channel to make their lighting perfect and make their sound And and everything perfect right, um There are still fundamental elements of stock market investing that we touch upon that I think perhaps maybe other channels glorify they revolve around but those elements don't change Okay, it's up to you guys to Enjoy those elements understand those elements And put those elements to to good use because you're not going to get all of the answers By any of 500 youtube channels or if you think you found the best out there I mean some of the best youtube channels out there by nature of subscriber counts I think are some of the most damaging and some of the worst. I think they're horrible. Um, I watch them Um, I sit across from the people. They do not seem genuine to me at all They don't They do not seem genuine to me at all and until I get to meet these people in person if ever That will be my assessment through youtube. I'm sure there's people who say the same thing about me Alls fair and love and war no problem The tennis is in the house appreciate you coming in brother very cool stuff Victor's in the house get some shout outs for the last few minutes. Anyway, very cool stuff This has been a lively live stream. I really like it. I would like to double down and invite you guys man find me on facebook And send me that friend request you can you can get on and see what i'm talking about I won't I won't will not discuss it through youtube. I will not But if you come through my closed facebook page I don't mind just give me a code word see if you you're one of the 47 patrons right now You can give me a code word of let's say what do we want to say for our code word? Let's do warrant Okay, that'll be our our code word. All right that hairband from the 80s We're gonna do warrant. Okay. W a r r a n t that's date W a r r a n t. Okay Throw that into the friend request and say yep. I got it. Here's the code word. I'm in I follow warrant as well I'm in I love warrant. They're my favorite man from the 1980s. They're better than poison Better than sting better than scorpions They're better than queen's rike. They're better than all of them All right, go ahead and do that At work, but listen got that very cool Same here jamie over time tonight. Ooh until two and you guys are working the midnight hours been there done that I've been there done that good. Keep on grinding brother. It's all good man. I'm with you Yeah, find that power find that Start chalking up those really really tough days man, and they'll pay dividends man. They really will I'm the old guy in the room laugh out loud. No, you're not you're not older than me You look like you're all of about 32 man. Give me a break Very cool scrolling down here making sure that we're getting everybody oscar is in the house Says yo, where's that picture from that looks like? Looks like or again or washington Or montana or wyoming Yeah, that's my guess That's my guess man, and that's i'm sticking to it 12-step program for sure. That's my threshold of wealth Very cool T in us was down over 9 for a while today. Wow Very cool stuff just scrolling through. I think we covered everybody pretty much Right on rebeck is getting a ninth inning call out here I'll save you the trouble number one personal finance channel on youtube is matt money. Oh, man You're breaking my heart. Where do I where do I fit in am I like number two? Or six? Do I make the top 10? That's pretty good man I think all youtubers think that they're the best it's funny it's it's and Gotta have a little ego to do this. I guess a little bit of an ego to when I started this man. It was nerve-wracking to Film yourself now. I'm really happy with the content that comes through actually you're getting a little bit more A little bit more personality a little bit more of a taste of who I am as a person and that's pretty cool Like when I first started you go back and I keep my first video online just because it's funny to go back and reflect on you know hello Welcome to the end. I mean to the independent to the independent channel. I mean independent investor channel It's pretty funny go back and watch it Hey, man, if you think you can start a youtube channel man go go do it. It's very cool. Yeah, see cherry pie. Absolutely. Yep Exactly. He knows but I gave you the code word once so man I'd invite you guys to do that man. Please do so. It's cool There's some stuff there that you'd like to see A lot of fun. The mat is rich rich. I know I know and that is the key to a good youtube channel Is you got to be rich rich? All right got to be rich rich And then people will respect you if you build it they will come If you build it they will come. All right Very cool stuff This is the last comment that I've got here Hatten finance you're the man. I am a man. There's no doubt about it. Hold on just a sec Yep, no doubt about it. I am absolutely. I tell it like it is I speak as Close to if not try to revolve around the truth as closely as I possibly can for your benefit and mine Mine before yours because this is a tutorial through youtube I'm not trying to tell you what to do as a matter of fact if you disagree with what I do Go ahead and go do the complete opposite. It's no problem to me whatsoever I will continue to build my wealth and I will build it to an extent where we get to seven figures and two and three and four million dollars Perhaps maybe there will always be detractors. There will always be naysayers There will always be people in the mainstream media who will tell you that you're doing it wrong That you need to do this that you need to do that that you need to do this Remember this guys They do not know you I have always suggested that people out there are their best They are their best advocates They know themselves the most They know what they can subject their personal emotions to the best So why not look to fine-tune those skills and those personal assessments of yourself And start to trust yourself a little bit Because where you're putting trust now guys is probably proving futile And it leaves the masses even more confused When in fact they're looking for clarity In a topic that can very easily confuse the masses over the long term guys I appreciate you tuning in to the Friday live stream We'll be back with you next Friday 9 o'clock eastern standard time on the fastest 60 minutes on youtube guys. Be well We'll catch you next week