 Boom right on the money right on the money nine o'clock man. We hit it off here on the independent investor channel. Happy 2023 man. Happy New Year to everybody Fantastic. We got a new year. We've got a new opportunity to Renew our focus on stock market investing renew our focus on what we're aiming to do Anybody who catches the message here on the independent investor channel understands where my loyalty is Welcome to the loyal subscribers to the message I'm forever grateful for you guys just today. We hit a milestone on the independent investor channel We hit two million views. I'm very excited about that You own that success success that I have over the channel is Is really predicated upon a reciprocated relationship that I have with the subscriber that I'm looking to empower It's that simple And moving into 2023 Obviously reflecting on 2022 as rough of a year. It was it was You were not immune to downturns and observing your 401k Observing that you may have had a tough go of it I certainly don't want to speak for everybody if there's people out there that are like ryan I'm up 20 in my portfolio. I do apologize And I commend your efforts because I think for the vast majority of people out there That subjected their hard-earned dollars to The market volatility in 2022 Saw a digression in their wealth and it It really weighs on you it weighs on sentiment But the irony in the whole thing is you can come to a guy like myself who's been in financial markets ever since I was 15 years old And I can tell you that I've in a lot of different forms and fashions put a lot of different equity and a lot of different Waitings to risk in the stock market to see it go both up and down Okay Now there is a feeling associated with both sides of the house when markets are up everybody's super happy Everybody's excited to invest in the market. Everybody feels good They've validated themselves that they've made a good decision They don't have to go to work and listen to everybody talk about how crazy it is in the stock market and how Crazy it is to be an investor in the market. Okay But I guess the emotional fulfillment that you get when you see your portfolio going up It's a little bit of validation. We're human beings Okay, I get it. I totally get it But when you're in times like this I the the the beginning investor can allow themselves to succumb to The emotion that is tied to Watching your portfolio digress and value come back in value And there is a psychological application guys that you have to get a lot deeper You have to understand I talk about this all the time the holistic approach To stock market investing how many people took my charge last week on the live stream when I talked about picking that one thing The one thing I just left backstage with kyle passive income investor. He's another youtube channel content creator He's in the group here You want to kick over make sure and support you most of you are if you're not please do so now kick over but Guys like us are always trying to earmark what it is that we can improve upon But if it's something simple and it doesn't have to be investment related It can be personal finance It can be organization within personal finance It can be earmarking accounts Which is something that I do around the holiday time every single year And that is to re-rack and organize and I go through every single one of my buckets I go through the portfolio reviews. I go through insurances. I go through State certifications. I go through business licenses. I go through credit cards I go through everything with the fine tooth comb And I make sure that my engine is running And a lot of people think that they can just trip and fall into Personal finance and wealth and success that comes there within I'm a lot more pragmatic in my thinking and that I think that and I'm going to set myself up To accept wealth at some point in in in my future You guys can take a page out of my playbook And and and take that take that on it becomes so much more easy When you have the different elements of your holistic approach in check You know my my strategy this year actually was To break the rut of my routine a little bit. I was in the gym The vast majority of 2022 so for you guys with the Carbon copy or the cookie cutter new year's resolution to lose a few pounds Rerack that new year's resolution and say well, I just want to take on a healthier lifestyle For me, I wanted to break the routine that I was in every single morning by getting into the gym I just started that routine this morning. I just took up spin again the first time that I took spin I really liked it But spin is an interesting thing if you don't have a peloton You kind of need an instructor because the human being the human mind will tell you to stop punishing your body If you're actually doing spin without a coach said telling you what to do and when to do it and how to do it And you know how to meet those parameters a lot of fun a lot of fun, man And and it really does help with the the level headed application that you can have Stock market investing help keep stock market investing in as small of a box as you possibly can and really transcend The common thought that you have to be somehow down that you have to be depressed from 2022 Oh my goodness 2023 is going to be all the same. We're going to enter into a recession For you guys that have been sleeping on the moon for a while. I think we've been in a recession And I think we've been there for a while. I do I really do If if somebody can tell me what in addition to what we have Subjected our dollars to subjected our application to Over the last 18 months. I would say two years going back to january of 2021. I've said this Many many times first time it was mentioned some of the data that was comparable back to january 2021 Here we are 2023 guys, and I think it's been really really rough. I think For whatever reason both geopolitically regime changes supply chain issues inflation Interest rates the real estate market is absolutely We're in a real estate recession right now and that really quickly shifted If you were to have told me beginning of last year When real estate you couldn't even touch it. It was so hot couldn't even touch it. All right And and right now some of those pocket markets are falling off I think It's going to be a fairly soft landing with real estate because the deal with real estate is that we just don't have enough inventory In this country And and it hurts those buyers that are really looking for A market where there is plenty of supply on the market to help drive down some of those prices, but I think the the the mental approach to stepping into 2023 prepare for roles Because when the market turns and sentiment turns And you can feel better about yourself and you can come on to the independent investor channel and you can Have something to celebrate right Right now everybody's coming to me for therapy. You know, it's like man, Ryan my portfolio is down $12. I'm I'm really struggling here and it's like I gotta tell you you're not struggling Okay, it's not as bad as you think that it is And it's probably Better than you think that it is and it's probably somewhat in line if not Um fairly much in line with the plan that you put into place and understanding that investing it Requires some level of tolerance to Risk when you subject your money to to financial markets. That's just how it works. Okay, so I I don't I don't tell you what to do. I can't do that I'm not allowed to do that. All right. What I can do is I can tell you what works for me And what works for me and what's inevitable for me as early as in 2023 For us savvy investors. I see Matt money in the house here For us savvy investors. We've been buying this for the last 18 months and While people in the acute will say you're crazy or you're nuts for investing now We understand that maybe the worst we feel is Giving you that opportunity to buy and Avoid regret in not buying when sentiment is low What I mean by that is if we incur some better times in stock market investing I'll take my foot off the throttle. Okay And I've done a lot of reflection during times like this where it's difficult. It's not not easy. Okay I don't want to sit there and profess that it's easy I love those successful people who get up in front of everybody and say that it's it's easy as if it Is going to be easy for you to somehow just trip and fall into success um I'm one to tell you and and maybe I'm the naysayer or You know the the the bearer of the truth, I guess in that if it's not difficult It's probably not worth doing anyway. Okay in other words If I do seek out And and attain the goals that I have sought out for myself many many moons ago um I will I will reflect back on the journey that it would have taken And what I had to go through And the personal barriers that I thought were in front of me that I had to overcome The challenges that arise the successes that I was able to render And and and also at at certain points in my life really surprised myself, you know Like today I I didn't I didn't even remember when we hit a million views on the youtube channel independence investor channel Just today we hit the two million mark and I thought man right on I went back I kind of reviewed some of my most popular videos my most popular video is a real estate video Talking about saving eight thousand dollars by not hiring on a real estate professional Uh, you know And um and and that helped a lot of people because if you're willing to work and supplement the work that would Be performed by a real estate agent Um, especially at the time when I sold it was a hot market Um, it really worked out for me saved eight grand on the closing cost It was eight grand in my pocket eight grand that I've taken I leveraged since then No, but um, that was my most popular video. I was kind of surprised I thought it would have been one of my bti or voo videos that seemingly hit well with a lot of people because you know, they can resonate with me I invest in both of them. I like both of them. I I think you know for a lot of people that are You know the vast majority of people who maybe are looking to step off the sidelines into financial markets There's a very very very simple simple solution To stepping into and becoming a participant in the markets the problem. I think sometimes is that people have ill-advised expectations they have Expectations of you know, well, I don't know. I don't know what their expectations are But it's probably a lot different than what is going to be delivered in the market In other words, when you put this thing in motion, okay, there's a lot of potential if not infinite amounts of potential That you can wind around from day to day as financial markets go up down Volatility dividends are paid Dollar cost averaging schedule takes hold you supplement the portfolio and as long as you continue to just infuse Your program the longer time that you're able to award to that specific program the better better off you'll be and It will be a time here in 2023 where I'll reflect and say Man that that was rough. It's been a really really prolonged downturn for me really really prolonged Um and in retrospect over the last couple of years. I look at the portfolio Um, there's been some really really interesting pockets of outperformance as well And those are some of the benefits a guy like myself can render Because I do deploy multiple strategies. Okay, so where the micro cap strategy might have rolled off a little bit heavier The passive Investing strategy might have rolled off a little bit heavier You've got the the the value side of the house through the dividend portfolio That's really held in there nicely and it's paid dividends throughout I've bought those stocks at lower prices and I've continued to fund the market as as we've digressed I've increased the dollar cost average schedule because good luck if you think you can time this market and Buy the market at the perfect time the perfect time. It's looking like Where the dow is today after an up 700 day The time to buy the dow was below 30,000 and you're like, well red. What did it do that? Yeah, it sure did it did it about three four five months ago Right it did below 30 got to 29,000 and change That would have been the time if you wanted to catch a falling knife Or try to do that nobody in the right mind Well, I mean I was I was buying I was dollar cost averaging the market and when I watched it at what I thought was a Interesting low. I bought are we going to go back there? I don't know But it's looking like at you know where the dow sits right now in the s&p far in excess of those levels The market is trying to price in six to nine months into the future here, right? So if I bought five months ago, I basically bought the market You know in in march april of this year Because it's forecasting that potential potential maybe the quantitative tightening Would start to at least level off and I think if nothing else the leveling is going to be a relief That is going to be welcomed Everybody's talking about easing right now I I sure hope we're not quick to pivot. I really don't I really think we need to remain in this cash is expensive phase for a while I really think we need to allow that to take hold. I'm really really not a big advocate of Need jerky The fed steps in to crush the market and at the same token the fed will step in to save the market I really think we need to allow financial markets And the participants in the market to determine the free market activity I really do I just I think it's tough You know, everybody's calling for the fed to overshoot this deal on the interest rates hikes I think if if if they're going to overshoot It's going to be at the hands of the most capable fed share that we've ever had You can have say what you want about Jerome Powell. He's right on the money with what he's doing He's very capable. He's very sharp He looks all he looks at the data and he's not politically driven A lot of what I appreciate about what he does, okay Whether or not he overshoots this deal. I have no idea But what I see in the stock market when I monitor it from day to day Is the fact that these markets remain very very resilient Okay And and I just think that over the course of the last 10 years I really think that we've been inevitably marching toward this Type of market and things just need to sift out some things really need to be get got under control Okay, the the global pandemic is flaring back up again. That is not good Okay, we need to get this thing under control. I don't know if it's as bad I don't know if it's politically correct anymore to just push that out through news media to try to get people You know scared and wrapped around the axle again I don't know anymore guys I personally don't get wrapped up around the axle because I question everything as to You know the merits of what's being sold to me Okay, I take it in as a great a grain of salt and I want to be informed But it's not like I buy every into everything as gospel as a matter of fact I would consider myself a cynic. Um, I I really just don't trust a whole lot of things Especially from the boob tube, um, which I don't watch a whole lot Anymore and when I do it's almost like I remind myself why I don't watch it Okay Why every time I'm watching it for a little bit of entertainment. I have been on kind of a rocky marathon We're on rocky 4 right now. So me and my wife got to catch rocky 4 tonight That's entertaining for me because it's like no brainer But as far as pundits or experts tried to teach me what I need to understand about the world I think it it usually comes with some level of an agenda And I I just typically like for the most part to tune that stuff out You guys do what you will you want to sit there and watch fox news all day or you know, watch cnn or watch cmbc Whatever you want to do That's on you. I watch 10 minutes a day because that's what my free preview gives me So I'll strategically time that for the most part around the close of the market and I'll catch my 10 percent I'll catch the ticker tape. That's really what I'm interested in and that's where my loyalty lies, but For the most part man, this is my project This is real talk. This is how the stock market not the hybrid stock market Not the stock market plan b. This is the big leagues Okay, so what I'm sharing with you guys is a tutorial on how my portfolio reacts to the wins of the stock market And how just a regular guy like myself reacts to it Share my insights on How I'm dealing with those injects how I'm setting myself up for Not necessarily To reap those rewards in 2023. I could care less. I'm setting a foundation now for the future. Whatever that is Will be at an undetermined and an undisclosed time in the future When I feel like we step into that phase with the cycle the predictable cycles I might add of financial markets. I'll let you go. I'll let you know I'm telling you. We're not there right now We're not we're probably coming out of the back end of what I think was pretty volatile times and rightfully so the question for you guys in reflection is How did you feel going through it? Did you make it? Did you take advantage of it? and How is it that you're going to react when we do step into some positive markets and reflection In understanding that maybe you could have done more Maybe you could have done a whole lot less stressing about it Maybe you could have really helped define why it is that you invest for your financial future And be that much more prepared for an inevitable Future downturn because this isn't the only one markets go up and they go down They usually go up for a lot longer time frame than they go down. This has been a fairly acute drawback in the market But we'll live to fight another day. There's no doubt about it The success that you'll render In this life will absolutely Be a lot more attainable If you do become a participant in financial markets As opposed to not being a participant be back with you in just a moment guys The irony in the whole thing is I met two two million views today Look back over the chronicle of the titles and the in my portfolio of videos that I've put online and A lot of value a lot of personal extracts Not conjecture Not personal opinion not a lot of it based around the intent of hype Perhaps maybe You know indirectly there might have been some hype based around some of the stock picks of the month things like that but In reflection, I don't do that stuff anymore But you know if nothing else if I look at the success on the channel Did we introduce investing to a lot of people? Did I provide the tutorial necessary to understand that It's okay There's just working class people out there that can aspire to more The idea that you do not have to be an expert to participate in financial markets. That's a fact jack. That's a fact This idea that it is um an insurmountable task to aspire to A life of of greater wealth of greater satisfaction That somehow that life is for somebody else who wears a suit and tie Or fits some sort of an image that society would would deem or or say that person is successful The challenge the idea that success is probably not as obvious As society would deem and that personal empowerment is very powerful Because it speaks to the beauty of life no matter who you are No matter what your makeup is no matter what your home life is No matter what your socioeconomic background is no matter who your who your Folks are or your caregivers or however much love or support you got or how little you got when you were growing up Okay, your life is worth everything and that personal empowerment charge Helps you identify those things to say gosh Ryan, you know, he likes spin I can't stand it, but i'm a hell of a guitar player right on. I like to read fantastic I'm really good at engaging in You know, uh personal projects research. I like history. Whatever it is the world is fascinating There's a lot of people out there that I've met that are really really good at a lot of things And I would be like man, it'd be something to be Like that, but i'm not i'm individual to myself Investing just so happens to be my bailiwick. You can borrow it if you want in whatever capacity you want Um, I probably focus on investing in financial markets More than the average bear Okay And the more I pulse in with people the more I understand maybe how Not very run of the mill this idea is not typical To be as Fascinated by financial markets not from the perspective that There is so much understanding of financial markets that I can somehow say the right thing Or or or act a certain way Or provide content through youtube to say the perfect thing So that all people have to do is turn into a seven minute and 38 minute video At a 38 second video and have all the answers That my friends is kind of the expectation of me and a lot of youtubers The perception is that there are certain people that can deliver on that. Okay, and i'm here to tell you that Instead of looking at The motivations of others and trying to take that and allow that to motivate you you've really got to come to this idea that You have to find it somehow internally what makes you tick What is it that you like about yourself name 10 things? You know the name 10 things that you like about yourself name 10 things that you really really like to do Caught up bottle all that stuff up and say here it is man. Here's my play-doh All right Watt it up into a ball and say this is me. This is me right here. This is not you. This is my perfectly colored Ball of play-doh. This is what makes me me. Okay Then that's the key and we look to take that play-doh and sculpt it into something really really interesting Allow people the ability to really resonate with Maybe aspiring to something greater than what they were predestined to to To achieve in life. I'm a big big proponent in that I'm a big proponent in free will In that right now in front of you guys I have the ability to go left when in when in fact if I would have chosen to go right I could have it's by nature of my free will that I chose to go left on you Instead of chose to go right or faced with those Decisions every single day. Do I get out of bed and go to the gym? Well, if you're choosing not to okay I I understand I'm not I'm not here to judge you. I'm just here to tell you that It has made a significant difference in my life. I used to go in the afternoon I was dead tired mentally exhausted from My my job that I did and it was too much to generate the Motivation that you need to go and engage in that activity. So what did I do? I flipped the script and I said, you know what I really want to make this happen I know how important it is for myself I'm going to go early in the morning and it's made a big difference I actually have more energy and believe it or not guys getting up at 4 45 in the morning Okay in the gym by 5 can make a huge huge difference for you It can supplement so many different avenues in your life It really can get the diet piece down You know get a little it find what works for you intermittent fasting Whatever it is lower the carbohydrate intakes whatever it is That that finds that happy place for you because what I've found for myself is my Physiological makeup is different than than others as you're different from others and etc etc So the key is to find what it is that makes you tick How it is that you can you know find those beverages that don't you know tack on a bunch of extra pounds This is green tea with a little twist of cinnamon. All right try tea. It's fantastic. It's just amazing Ryan should have 500 000 subscribers I'll report to you guys that I've lost 47 subscribers this month 47 and It's funny to me. It really is And I'm not surprised one bit I'm not one of those guys that appeal to the masses. I'm not I fully well understand that I just got done giving you guys a five minute lecture in understanding who you are Don't try to make yourself something that you're not don't Um, I was just complimented last night. I had a meeting with a CEO And he said right I can tell how genuine you are. Well, good. I hope so because I am genuine What you see is what you get Um, if I had 500 000 subscribers, perhaps maybe there would be more pressure on me To to do to do something that would be on par with a channel that has 500 000 And I think I'm incapable of delivering that what I deliver has to be good enough It has to um, I appreciate the sentiment What really isn't of interest to me is how somebody can justify Or what criticism somebody can drum up to actually justify hitting the unsubscribe button from my channel It's a mistake It's a mistake. Yeah, it's a mistake Because if you if you truly understand Um, what it is that i'm talking about about how I Think that it's super difficult to go from Very little opportunity Um, a good household. Yes, but one that I was not provided any type of head start I never got lucky in life Okay And I believe that by inspiring people to take control You are less reliant on luck and more reliant on Your free will and the choices that you make and understanding that life is Actually longer than you give a credit for if you spend all your life worrying about stuff or or waiting to get lucky, right? Playing the lottery. It's something that a pragmatic thinker like myself just cannot relate with I can't relate to because it's a waste of time to go to the store. It's a waste of time to stand in line It's a waste of time to take that 20 dollars of hard earned hard dollar and put it into a machine When I know cart blanch that the odds of getting any return on that loss It's a catastrophic loss of 20 dollars, okay? Or 40 or whatever it is that you do to play the lottery Week after week after week after week times the number of weeks that you play Times the number of years you play it over the course of your life and where has that rendered you? Okay, where has that rendered you? What type of time commitment did it take to aspire to that plan? How much fun did you really have? Aspiring to that plan to say well Ryan right now the stock market's not very much fun Yeah, I don't know big. I beg to differ. Um, I get off on the challenge I really do um I get off on the challenge And I tell you what it's very very difficult to to blame myself For not picking the right stock or you know Because if I'm fair to what's going on right now in stock market investing There hasn't been a whole lot of place to hide when stocks roll off This isn't really the time that you want to be maneuvering back and forth and you know trying to fix something that Isn't broke. It's just off And that's okay. That's okay. You might not think it's okay But it is What you think is not necessarily reality Okay, what is Sometimes just is okay and by the power of observation you can just observe what is And you can accept it for just being what it is stop trying to make sense of it all the time All right, there are certain things in life that you can make sense All kinds of different things. All right, the stock market is not one of those things It will dole humble pie out. I've said it since the beginning of the channel For those people who have caught one of the two million views that I've got over the course of the channel They've caught me saying that at many many times And when when the stock market's going bananas and it's going up every single day And I come on and I'm like, yeah the stock market they do go down and they'll humble people I know people are like, come on Ryan. Just okay enough of the reality Let's let's talk about like jumping up and down and shaking our pom poms and and and convincing ourselves how awesome we are If that's what makes you feel better in times of of prosperity That's okay. I typically like to operate on a theme That it's it's it's never as good as you think it is and it's really never as bad as you think it is So it just is and and stock market investing if you're going to participate you have to take All of of what it is that it has to offer Think about it this way. Do you honestly believe that you can get involved in investing? And participate in the markets from a total index perspective And expect that the market you're going to wake up every single day and be like this is incredible That Ryan on the independent investor channel. This is fantastic He he lit that spark in me. I am an empowered investor now I'm looking at the s&p and it's up 10 percent. It's up every day. This is incredible You know one day it's up 2 percent the next day. It's up 3 percent the next day. It's up 1.5 percent But man, I don't really care. It's up every single day. This is incredible I I honestly think that people would admit that they don't have those expectations of the market However, when things don't happen that way They wonder if they're a bad person or they wonder if they've chosen incorrectly Or they wonder and start to question that pedigree of YouTube content that they And it's just It's really really interesting to me from a psychological perspective How people are so hard on themselves for getting involved in financial markets with the expectation Markets can be volatile and when they are volatile, they start to come up with all kinds of rationale as to How how can they explain this? How can I explain it to my friends when they when they Continue to tell me how bad the stock market is and I'm an investor and they know it and they're making fun of me You know, and they're not they're not making fun of you. Okay That there's probably a little bit more envy involved in that than it is in criticism of Of of what it is that you do with your time and quite frankly those people that have Every explanation as to what it is that you do with your time should probably spend more time focused on themselves rather than others Let's get to some comments guys. Very cool stuff, man Very cool. I saw a long comment and Tim's been with the channel for a long long time Tim. Happy new year for you It's um real cool You know, if I can have one good subscriber subscriber like Tim Um, I could remove a thousand other subscribers that don't want to partake in the message It's just that simple and if you don't think that I mean that I do I do I do not do this project for any other reason than to help people Understand that there might be a different way of thinking about this The funny thing about that is if somebody came to me and gave me a tidbit of advice Sir a tidbit of hey, have you ever thought about this or that or whatever? I'm smart enough in my evolution to understand that the person that I was 10 15 20 years ago five years ago is different than the person who's talking to you now And I also have the maturity and understanding that five years from now 10 years from now 15 years from now with the baseline that I'm building now Are probably going to reflect back on this time and be like wow I'm a completely different person now And I'm I'm so glad that I was able to be open to new ideas and learn On something that I identified that maybe somebody had a little bit more knowledge than me on and I've benefited from it Right says Ryan when I found your channel from Your start I had zero invested and I'm currently at 65,000 That's incredible. So I want to I want to break that down, but I owe it to you Finding that your channel was like winning a lottery ticket Um, yeah, you know, I think this questions like that or comments like that They really make me happy man. They really do Because it proves a little something like I don't want to say it was because of me. Okay It was because of you you did it all. Okay, you did it all The question is without that little spark and motivation. Maybe you came on and you were like, okay, this guy's really serious about investing I want to find out more, you know Would you have done it on your own? And that's the real that's the powerful question is understanding that with the power of social media If if leveraged correctly We can solidify relationships like this, right? I didn't send Tim a bill He subscribed to the channel free of charge. That's why I don't understand People actually justifying to hit this unsubscribe to the to the channel and and I I say good riddance. I really do They'll come crawling back someday I can guarantee you because if I can impart to you something here in 2023 It's not going to be in 2023 But it's some inevitable place in the future I can guarantee that I'm going to show you guys a hell of a lot more than my trauma background that We've been able to achieve on the independent investor channel What it is that I define as true success on the channel what it is that I determine To be real wealth in wealth building And it has a lot to do with security precious metals fixed income A nice portfolio real estate those types of things assets that are actually worth something The ability to really consider yourself secure in this world Provide yourself that safe haven Yeah, really important stuff man really important stuff But you know Tim's it so my thresholds of wealth go from 500 thousand 2,500 Okay 5,000 10,000 25,000 And 50,000 Okay, the next threshold of wealth that Tim's got to go is threshold number eight And that's a hundred thousand Okay hundred thousand dollars is For a lot of people now Tim discloses and I thank you for doing that because it's personal information But this is real. I I didn't I didn't call Tim and say hey Tim. Can you can you come on and share it? No, no, no, no I would expect that Anybody out there that has a positive story like Tim's man would come on and feel comfortable with sharing it But he started with zero Okay, which there's a lot of people out there that would hear this story and be like, yeah, right I don't believe it or There must be some trick to it or man. This guy's staring down six figures. I'll never make six figures Those same people will never get to 10,000 never never because of the mental block I don't know if Tim would admit and he might come on and say well, I'm a guru. I make tons of money I'm incredible at the stock market Ryan. Just turn me on to it. Ha ha ha. I'm here to tell you Nobody understands everything they need to know about the stock market Nobody as a matter of fact, there's a ton of people out there that if just they just look for the potential They'll find it you can make 35,000 40,000 50,000 a year whatever you think is a nominal salary I think it's irrelevant. I think your discipline and mindset is so much more important Than how much money you think you need to have to finally start to engage in a plan That you take that to the bank I'm serious There's people who think they're entitled to wealth because they think they make money Okay, now if I talk to matt money and I brought him on the channel I'd be like matt what are some attributes if your personal wealth building That are specific to you that have really helped augment your program Now he'd be lying if he would say well, my profession didn't help at all I would be lying if I would say that I'm damn thankful for my profession in helping to augment that But the idea is if you don't have that augment and you're pulling in 20 thousand dollars a year Well, then you need to drill down on the budget you need To to take this stuff seriously you have to get a mental mindset You think you can spend like an asshole and make 25,000 a year and have this kind of success It ain't gonna happen So I don't know the intimate details of tim but he shares this and I would say that he's probably if I'm going to be fair On par with the vast majority of people out there who just have a few question marks above their head They make a salary. They're supporting a family. They're making an income and they just want to get ahead So the success on the story really and to close this up and tim. Thank you for sharing Is just to understand the degree of separation on what tim would have been predestined to achieve in his life And what he was able to accelerate by nature of him maybe with a few impasses on the channel and and I think that's fantastic I think that's absolutely fantastic It's a it's a measure of success on the channel But hey, um, if you don't want to have that man, I I totally invite you to unsubscribe to the channel Absolutely. You have to be so crazy, you know Don't have to be so serious all the time I break down the expectation of me to come onto youtube and act a certain way I won't do it. I just won't do it What you see is what you get this is my creative application on this project and This is what I feel like It gets through to that person that I imagine is sitting across from me consuming the content And aside from the jokes And aside from the dry humor And and aside from, you know The few animated sequences through through the deal This is a very serious topic I just admitted to a colleague of mine. We're having a discussion We were in the in the car today for you know an hour one way to inspection and an hour back out to Long Island here in New York and you know, I said I totally respect the fact that you know a lot of people are skittish about talking about money and You know, it's it's it's silent and it's it's secretive And a lot of people are funny They won't even admit like what they make for their their salary or whatever You want to know what I make you can google it. It's it's online. It's public. It's publicly disclosed information It's kind of funny, you know, nor do I care at all. I just don't care you know Sharing portfolios and talking about what level of wealth I just think we need to make the discussion of levels of wealth the exercise that I just ran Tim through More commonplace. I I freaking do how the hell else are you going to quantify Break down The wealth-building game the vast majority of people out there my friends will fail to accumulate $10,000 of wealth 10,000 and I think that's one of those fundamental strategies that I strike to Dissolve away because if we weren't so faux pas about discussing personal finance or we weren't so skittish about it or You think I'm putting my hand in your cookie jar. I'm not I could care less about your cookie jar. You can keep it I don't like cookies. I'm good, right All I'm trying to do is understand that if you're going to progress through wealth building stages and steps in your in your You know to whatever it is that your number and financial goals that you're setting for yourself You have to progress through those levels Are you one of those investors out there that don't have $10,000 invested? It's it's okay. I'm not trying to make fun of you. Hell. I was there. I started with zero I started from the dirt. I've explained to you guys many many times many of the two million views. Hopefully 1% of them heard that I've been in the hawk with irs not once but twice So I started in the negative. Okay in the negative Drugged myself out of that to where I am today. Do you think I did that by nature of luck Do you think luck was the contributing factor to allow myself to pull myself out of the dumps and end up where I am right now Staring down the 11th threshold of wealth. I've already met the half a million dollar threshold That's threshold 10 The next threshold is to double that to a million dollars and you say well Brian, you know $500,000 That's a hell of a it is a hell of a lot of money But the power of compounding interest guys mathematically Speaks differently to $500,000 than it does to $10,000. That's the sheer reality of it. It's not I don't make this stuff up Okay, play dough made it up when he talked about mathematics or Aristotle one of the two. I don't know freak I didn't make it up All right, look at the look at the charts for parabolic growth later on in life if you're invested for 20 30 40 years At a given interest rate. Okay I know nothing is given given and I understand in that equation that nothing is constant I get it I get it But the law of averages would suggest that 2022 is an anomaly not the norm It's an anomaly not the norm 80 percent of the time would suggest statistically that 2023 is going to be an up year an up year Is that going to happen? Probably not Probably not because we got to make a liar out of the independent investor channel, right? All right, you said it was going to go up Ryan. It was down 1% this year. Okay. All right I was still rendering enough dividends to help supplement I was still supporting my program with dollar cost average schedule I was still funding markets and so be it if there's a prolonged Wait until the inevitable. I'm telling you statistics are on my side in speaking about the inevitable Not as if it's a lucky encounter rather than a foregone certainty That those things are going to happen Wealth building can happen in a way that tim disclosed to the group here It can happen. Okay, and it can happen in reality What would that amount would have been tonight the 63 000 or whatever he disclosed to the group? What would that have been in conducive markets? Here's a man who took his portfolio subjected it to market volatility and is sitting on That's some serious wealth 68 thousand seventy thousand dollars worth of wealth. That's some serious money I'm sure there's a lot of people out there that are like, I want that too Really? Okay, well then put the strategies in place to make it happen for yourself All the tools are out there. Okay the accounts are out there the ability to To buy what you need free of charge Okay, all the tools are out there the power of accessibility has never been so Right in front of your face the power of it is right in front of your face I will caution you be careful because the best thing that you can possibly do Is try to catch that lightning and put it into a bottle and don't open it. Okay, don't open it Pick those sections of the market that makes sense for you. Okay All right, most people if not a lot of people look at the stock market and say, okay Which one am I going to choose? Which one am I going to choose? Let me start doing some research Um at cancer cancer is a big topic. Let me find who's causing or curing cancer right now Let's see here. Let me google what companies are curing cancer And you have a few coming up by a bunch of blog articles that don't don't know squat about stock market investing You find a couple and you're like that sounds really good. I'm putting my bet here I'm putting my bet here and I'm putting my bet here. I want to know what that sounds a lot like roulette roulette Okay, let that stuff go. All right. There's an easier way There's an easier way to seek out your exposure to the markets. All right Very cool stuff. Excuse the bottom seat is in here. You guys are killing it man. Taylor's in the house And she says new listener fantastic. Welcome to the channel. Very glad to have you It's it's always exciting for me to actually see new folks come into the channel Um, I awarded a couple of wrenches tonight. I am awarding one now. Congratulations. You're now moderator for the channel. Congratulations You have a little bit of ownership over the independent investor channel. Congratulations I don't have public shares yet. That's fine. But uh, if nothing else, look Um, I share a lifelong story. I'm 45 years old I've jam-packed a lot of life into this 45 years and I've got a lot of life left a lot I'm not going anywhere. This project will evolve This project is only five years old. Okay And there might be some people who are like man 30 000 subscribers. That's that's really small, right? And you haven't been doing you're working very hard others may say man. That's incredible, Ryan I don't know until you asked me what my perspective over this project is um, you're probably going to be speculating on Where I put the success on the channel and right now I put it on guys like tim tellers I put it on folks like terry harris hanging out with me from i don't know new zealand no big deal You know she's part of the family here. We got new york and new zealand being represented here We got people from canada. We got people from uk We got people from all over the world man. That's the beauty of it. That is the beauty of it Because terry knows as well as me That we would have never had the opportunity to meet had it not been for the power of social media brings people together It's very cool. Not everything I say is going to resonate with you and that's fine, too But if I have provoked thought If I have provoked thought You can do enough thinking on your own with without without me having to charge that thought Okay, I give people a lot more credit a lot more credit than what? society would deem Potential in people I really do I think the free will and people if they just understand how much they actually had Could just empower themselves to greatness Absolutely 100 and I don't care how slow you move. I don't care Take and deploy some of these things that I'm talking about okay Don't get involved with the stock market Until you get some things right Hey start to use 2023 is an opportunity to I don't know pair back a little bit on all your spending You're a good person already. It's okay. You don't have to prove it to people The you you for you you get in spending all of your money. You would find it so much more fulfilling to buy equities I do it's all I buy That's all it's all I buy I like going to the outlet malls every now and then macy's is kind of cool. It's it has some good stuff So I can cover my bare skin because society says I have to you know, but For the most part, it's not something I really enjoy. I like looking good. I like dressing up. It's it's fun Okay, I got to wear my suit over the holiday break for the first time in eight years very cool stuff I enjoyed it. I had a good time My suit is not going to allow me to proceed into retirement A wealthy man is not going to happen that way. It's great to see you terry Happy new year to you. Appreciate you coming in. Bob Wright says go organ. Hi amen. Go organ I tell you what special place in my heart for organ. Absolutely. I'm with it. I'm with it Cool stuff man Very cool I got Eric in the house met shade of light Very devote subscriber. Happy new year to you my friend very cool I'm going to spend the last few minutes giving back get sherry in the house. Very cool stuff Right, right. You made a difference in my life. That's um That's all in a good friday evening to have somebody disclose that to you Come on. Come on sherry. I'm just a just a regular fella I believe that I can be an investor because of your videos. Uh, you're doing a wonderful job. Um, that's really the key But you can do anything Investing is funny. It can somehow Convince a lot of really good investors that maybe this isn't they're not very good at it That's what markets that are going on right now. A lot of people if nothing else just hold on Okay, um, the strategy that I talk about about deploying capital and down markets, etc That that takes some iron clad Applicability I get it. It's really really hard To take money and put it to work in Markets where it appears like the only thing that happens is those market that those dollars go into a vacuum It's really tough to do If it is a discipline that you can learn Um, if it is a little piece of lightning that you can put in that bottle Um, I would highly encourage you to to take on that philosophy Buy when others are fearful and you know be fearful for when others are are greedy or be greedy when others are fearful, right? Um and be fearful when others are greedy. That's super super important to speaks to The reverse psychology and I don't mean to be cliche on the independent investor channel I like to own things But I will just tell you that I have deployed and I have seen that work Many many times in the markets and I'm not suggesting that because it worked historically It's just going to continue to work in the future. I'm not saying that what I'm saying is it just makes sense It just makes sense and here if you're invested passively in markets Think about the s and p 500 is your barometer What did the market tell us from 2022 that would have you suggest that it's not a time to buy Or would you suggest that it's a time to sell? Okay, in my mind, I'm looking at a market that's down 20 percent It's on sale If I go and I find a nice Nike shirt at the outlet mall and it's off 20 percent I might consider buying it now. I'm definitely going to buy it if it's down 40 or 50 percent Okay Same methodology But I find it interesting how so many people misconstrue that application And they want to do less and less and less the further the markets go down when you should be doing More more more and then when markets go up I'll let you guys know I'll let you guys know what i'm doing right wrong or indifferent. I'll let you know, but it's probably going to be A deceleration. It's going to be removing the foot from the pedal It might be taking off some of the rules for some of the dollar cost averaging that i'm doing now Buying this market on its lows. I've got some pretty aggressive stuff going on right now Both of my m1 finance accounts. I have 125 dollars each going into each of those counts every week Every week. Okay, you do the statistics on monthly dollar cost average contributions You can see that that can get you there. All right, but i'm doing it every week. Why? I just told you the market's on sale 20 percent That's just me do what you will do what you will you don't have to do what i'm doing But it's a strategy that is more in line with what people need to understand Instead of the age-old onus that we're retail investors and we're stupid And we can't do anything right and all the retail investors are panicking out of the market I watched that condescending vs come through cnbc and i'm like Who are they talking to that they talking to me? They're not talking to my community I don't know tim teller seems to be doing just fine. I don't know He just disclosed it to to a youtube audience. He just used my platform as an opportunity to share a success story It's a little bit. That's a little bit Contradictory to what I hear on cnbc now in that this is all retail sold and this is all Just retail being scared like they usually are look if I was an institutional investor It would be a piece of cake to take tens of millions If not hundreds of millions if not into the billions of dollars and just invest it how I see fit In the stock market. That's easy Retail investors are taking their own Hard-earned money and putting it to work. Doesn't it make sense that we would have a little bit more. I don't know emotional content Uh, uh attached to this gig, right? So if we accept that and we say All right, I understand what ryan's talking about now Probably better to be an investor as opposed to not be an investor Now, how is it that I can look at this and say I don't know if my tolerance is quite determined yet I don't know if I can quite take on a year of 2022 or I was in it and it didn't really feel that good What is it that I can do to take on more of a defensive strategy? Um in the market that makes sense for me. So I can live to fight another day, right? Right? That's the key. It's it's all right here. It's all right here I give you those tidbits of of action items to take but it has to make sense for you That is the key. Okay. This is all stuff. I do and everything I do Makes sense to me because I'm very really really really real sincere What the ceo said last night. I was like, thank you man. I really appreciate that That's a heck of a comment. You you seem pretty real yourself, man. Pretty awesome stuff Got a couple uh got a couple minutes left. I'm a cruise up I'm a cruise and see if I've got any more folks in here that I can highlight I got Matthew in the house. Matthew great. Like many I started trading stocks thinking I could supplement my income. Oh man, I I fell victim to this too my friend. I absolutely didn't and it's it's always You know tim coming on and sharing that's a success story, right? It takes probably double the courage to come on and say something like this Okay, I openly admit to it because I don't care. I have been in hawk twice with the irs Once was because of stock trading. The other was because of independent income that I didn't claim And I didn't have any money. So so the irs was like, let's go after this guy And and it's times like that where you're like, I don't really want to I don't want to be that person I don't want to be that target If I'm not a bad person Okay, so I'm going to work really really hard in my life to just be independent to kind of like not be a target To actually be somebody that if they look into my stuff, they're going to be like, wow, this dude is legit legit All right I could supplement give a swing straight training as you said the market humbles you quick Your channel is provided. Hey man, I really appreciate that It doesn't mean that you can't engage in that activity But I think there's some level of of truth for a lot of people to really question whether or not that's in their repertoire or not Or even whether or not they want to engage in that game. Okay. I I do I want to I couldn't see life without it I I love it. I just love it It's it's been very very good to me. That's just I offer that through the channel as a testimonial um, I've had some bad stuff and I've had a lot of really good stuff happen um But you know, I think most people could just adhere to this idea of becoming a participant And then going on with their life and working on Picking a craft picking a side hustle um living a healthy and holistic life Find the right partner Find the right partner. All right. That that that's something that I've said many many times It's it's it's number one Um, it's it's that's me. Some people are like, ah, it's okay. I like to be by myself Not me not me couldn't imagine life without my number one number one. Okay. Nothing else matters without that Nothing else matters focus on that stuff. Okay If you're so wrapped around the axle with this stuff and maybe you're consumed by the stock market Should do nothing more than augment your life Okay, as it grows year over year it should provide more financial stability as it grows as you supplement it Um as you adhere to this idea that this surplus capital that you're making every single month You don't need it You don't need it if you can find that quality of life In whatever makeup of dollars you need month to month Okay, and you can adhere to that quality of life over time Um and get used to it Um Insofar as if you step away from that quality of life and you start to splurge you feel weird about it You're like that felt weird like it didn't really feel that good Like it would have thought I would have thought that it would have made me feel good, but it didn't right That's the discipline that we're looking for You can shape down on that discipline too if you adhere to that budget strategy. You can actually fine tune that I just told you guys about a month ago. I called for rise and I think and I adjusted my bill like seven dollars seven dollars um I canceled a couple of subscriptions over the break Just a few little fine tunings that you can do because the thumbnail on this video had the dollars behind me Okay, I'd do that for a reason to suggest that every dollar matters I've had some people in the group you're talking about m1 finance. It's cool because Man, there's i'm hard pressed to have a week go by and not get that email You've received dividends right on sometimes. I open it sometimes. It's one like this morning I got it and it was like two dollars and four cents I'm like hey that those little wins don't like that Those go into the psyche as a positive as opposed to Getting habitually in this habit of spending spending spending 60 80 110 500 600 30 90 40 12 60 Smokes coming off the credit cards, you know, and it's like I feel good for a second And now I don't feel good now. I got to spend again, right? The reinforcement that you can get from a dividend type of perspective is really awesome because Maybe as little as it is those two dollars and four cents are going to roll right back into my portfolio, right? So 97 holdings, you know with four dividend yieldings on an average Per year, you know, you're talking 400 dividend yields per year. That's 400 nice injects. It's 400 wins for the home team It's 400 opportunities for me to put the odds on my side Remember the catastrophic loss of the 20 dollars going into the the lottery machine, right? Remember that 100% catastrophic loss 100% catastrophic loss. I'm at 100 success rate 400 times over every single year with one portfolio one 100 success rate. You don't think that that's considering flipping the odds on its ear Well, Ryan, you know investing is like gambling, you know investing is like, you know You're going to lose everything, Ryan, you know, isn't isn't there a lot of risk in stock market investing? See how this conversation is infinite, right? It's infinite, man We'll go a little over time tonight, man. This is the 2023 special for sure once I get my engine started. I'm actually I could go all night actually Um, got mimo in the house man for the second time here and they kick over here I don't know if I got mimo a administrator last Last week. Where is he at? Where is he at? I'm gonna find him. There he is. Yeah, I got him Let's see if anybody else gets wrenches. I'm looking man. I'm throwing wrenches at people tonight I'm looking man I think I already got yep. I got obi in the house I got the few guys that were in there early tonight. Thank you for that very cool stuff very cool Although you're the independent investor. I love it when you talk about real life You always pull it. Well, I mean Isn't that what it's about? I'm I'm I'm I'm almost humbled to the point where man. I feel this I really do man. I feel like I'm doing what I'm supposed to be doing with regard to the capacity by which I do it every single week Absolutely, uh, I wouldn't do it if I didn't feel that way If if I didn't feel like it, uh, wasn't a complete and utter waste of my time You know No way no way I just think it's just a fantastic way of Of of connecting people Absolutely Fascinated by by people's backgrounds and where they come from so many different cool people from all different walks of life You know, I get a pretty good mix of it here in new york city, which is kind of cool But we really get it when we go, you know to europe and things like that, you know You know those those those lifestyles are completely different than the ones we lead here in the u.s Um, and i'm just scratching the surface So if nothing else the independent investor channel for me is kind of a a cry to the world To to to understand that perhaps maybe it's not as bad as people Think that it needs to be or maybe our focus doesn't need to be every day on effin inflation Maybe our focus doesn't need to be on the fact that we're going to march into this inevitable recession And nobody in their right mind can explain to me what that's actually going to look like When in fact it's explained to me that when we come out of the recession We will have never known that we were actually in said recession I don't figure that out yourself and don't ask me to repeat what I just said again right Perhaps maybe we need more positivity. I don't know Maybe we need people that walk around Like what I say all the time to walk around with your head a little bit higher is it isn't walking around arrogant It's walking around as if you have some level of control over your life because what I see Especially in the direction that this country is going people are losing control They're not gaining control. They are losing control. They are And my ability to come on here and have a voice is everything to me people can unsubscribe from the channel No problem if they don't resonate with the message. No problem. I don't see how in the hell that's possible But okay, if it's not for you It's not for you all the best to you in seeking whatever it is that you're after in this life in what you're seeking Okay, because I do feel like we put down the goods I do and the measure of that is what impact that we can make on people In walking around and understanding why your head needs to be higher Why it is that you don't subject your emotion to what? Propaganda wants to be flooded through the mainstream media most of the time YouTube no different. Okay, you got to have your filter up all the time in the content that you choose to consume Okay, you don't want to consume me. No problem. I don't blame you. I'm not a youtuber That'll blame you. Okay, you come on to youtube and you figure out how to do something. No problem I'm not going to tell you how to do something I'm going to tell you that you need to figure out how to do it yourself Okay, I'm going to do that then I'm going to tell you how I do it And you can connect the dots however you will you can answer your for for yourself whether or not this is something You want to do as opposed to something that you don't want to do Perhaps maybe it scares you in understanding that to do this thing You're going to have to do something that maybe you were unaccustomed to in your habit forming behavior That you've inadvertently created for yourself over the course of your life Mm-hmm Yep, and people are scared to change That's it's just that simple Perhaps maybe we're marching toward understanding what the pedigree is for for success And in all sincerity, I think a lot of it has to do with What is very very simple and what is all too often overlooked in this life as far as our priorities And really what we value in this life. Moki in the house, man. Very cool. Thanks for coming on Really another good channel creator. I've got three of them in the house here. I believe if my count was right Um got matt and kyle and moki in the house when I started investing seriously at the start of of 19 The s and p was 2400. That was the best time to buy morales story Is but now and I look at 15 years from now and you will be happy um I like moki man. He touches on some cool stuff. He always gets me thinking about Perspectives and statements that I could make to really bring it home for people and I will say this in closing I will say this and then we'll shut down the live stream for this evening Let you guys get back to your your weekend. I've actually got to work all weekend A lot of the reason why at 45 years old and a lot of the motivation that I took on to start this channel was to circumvent the possibility of The masses out there incurring regret Down the line in their life and if we could head that off and curb People's understanding about what it takes to grow wealth right now not tomorrow Not next week not next year, but to make true change now You will reduce your potential for incurring regret later on in your life for not making those changes now When you had the opportunity to make those changes Guys, happy new year to you. Happy 2023. We will continue to footstomp the message If you do, uh, enjoy the content and you're not subscribed to the channel. I would invite you to do so. All right um I joke about the uh the exodus on the channel, but um In a few short years you will understand that you're part of something special and it's not going to be because of what I do It's going to be because of what you guys do. We'll catch you next week guys. Be well Thank you so much for tuning into the fastest 60 minutes on youtube and we'll catch you next week be well and uh, we'll see you next week