 Guys welcome back to the independent investor channel another core fundamental Investing video on meeting financial thresholds if you're gonna move through the different scales of wealth in your life You're going to want to identify what those milestones are a lot of fit people fail to have even $500 of invested capital put away and even fewer reach that milestone of getting up to $10,000 of invested capital and this takes a mindset and if you have the right Mindset to deploy in your strategy It will be the very beginning of something much more grand in your life When you start to think and grow rich in your life as opposed to what I feel a lot of people do live paycheck to paycheck And it speaks in the numbers there are statistics that are staggering That a $400 unannounced expenditure would put 50% of households in financial ruin guys we can do better than that and this exercise aims to walk you through the identification of the 11 steps to becoming a millionaire and you can do it you can do it the great separator between those that achieve greater wealth in their life and those that do not are put quite simply those folks that identify mentally and Identify it as a high priority in their life and something that is worth pursuing Here's the backbone and fundamental of it as it breaks down And you don't have to be an investor at all to resonate with this message You're going to want to stick through through the totality of this and within a 10 minute offering you're going to understand the psychology of each of these different milestones because This is in response to a lot of people who tune into my message and they're like Ryan I want to make millions. How can I get there? Well, you need to make your first thousand first Okay, and a lot of people sit back and they're confused at that statement and I don't understand why it's so difficult Okay, but I've earmarked these 11 steps to a millionaire and I've covered this in the chronicle of the of the channel And for you guys that are just starting out in investing. This is your total overall net worth Okay, as you expand your portfolio and perhaps maybe introduce additional buckets in your portfolio Well, then each and every one of those buckets can take on its own strategic goal for example I've got goals for different portfolio accounts that I have That are meeting and surpassing some of these financial milestones Exclusively to that account itself now it all goes into contributing to the greater whole when we're looking at our total portfolio value But there's a greater deeper psychology in understanding these milestones number one when you meet these thresholds Psychologically, it's a win for you. But number two when we identify these financial thresholds We need to earmark how much needs to be contributed As it relates to the number of months necessary to get up to that specific financial threshold And those two things amount and time Coupled together with a successful mindset is the very key in laying the very foundation and mindset that you'll need To pursue And stare down and eventually meet these financial thresholds now the first couple i'm going to breeze through 500 You can meet that Overnight, okay? Now if it takes you a couple months and you're a beginning investor and you're saving $20 a month That's fine. You'll build up eventually to that the question becomes not that you can't do it But how long until you do it? All right? And this is what separates me from a lot of people the very power In going from a non investor to a first investor is why I earmark this 500 As being a paramount in your entry to something greater in your financial evolution Okay Now a lot of people would tune into the channel and out of somewhat of an arrogance or somewhat of a surplus capital Maybe they make six figures. They're like ryan. I got that. We're good to go. Let's move on Okay to those people I tip my hat and I would also challenge you as to why you haven't already Progressed through some of these levels of of financial wealth And levels of wealth on your own accord. Okay, if you need some coaching and tutelage to identify these That's great and plenty, but I think a lot of people who make surplus capital They get up to 25 5 even 10 thousand dollars and they start earmarking all of those different expenditures and life That they can start to you know, spend those dollars on make no mistake about it guys These are meant to account for your invested dollars only Okay, invested dollars only you have savings capital. You have surplus capital. You have money to live You have money to eat. You have money for sunken cost bills rent overhead, etc These are invested dollars treat them as such dare I might suggest that they are sacred and before you would ever ever rationalize touching your sacred invested dollars You better be pretty close to if not one step to being on the street Because this is the very dedication that i'm looking for from investors to invest for the long term And weather storms of volatility and not justify every expenditure under the moon When you start to meet some of these because I tell you what when you get up to the hundred thousand dollar threshold Don't you think that it could be somewhat tempting to go out there and buy the next bmw Or identify that next thing that you've always wanted or had some grand illusion in your mind to go purchase It can be easier to fall off tilt and that's why I suggest that it's very important to earmark the successes As you build up to those amounts because if you if you bestow somebody A hundred thousand dollars of wealth Chances are they're going to go and lose it and that's the very reason why is that they have not built up to That amount and appreciated what it took to get to all of the subsequent levels In the investing pyramid so 500 it can be done overnight if you need a couple of months to build it up However long it takes it's irrespective irrelevant how much time it takes But rather that you take the mindset to say you know what ryan earmarks 500 of starting capital As being that that entry to the market get it started you can get there a thousand dollars same idea A thousand dollars is a doubling from the first level that first thousand dollars of invested capital these preliminary Stages of investing are very very important to earmark to get somebody excited about A quantifiable goal that they can sink their teeth into and say I can Rather than the response I get all the time about the deficiencies and the barriers to entry and why So many people cannot Participate in financial markets. I'm here to tell you that you can and a thousand dollars is achievable Once you get that 500 you're going to have that 500 working for you some capital appreciation Maybe it does digress a little bit on you no problem You're funding that up over time in pursuance of that next financial goal, which is number two on the list The next is 2,500 which accounts for more than a doubling of your Thousand dollar amount and it does suggest Some pretty good capital appreciation 2,500 is nothing to scoff at And in route to five hundred five thousand which represents multiple doubling cycles in your account Is going to take a little bit of time on your your account to fund these accounts To maybe strategically fund maybe you want to double up on your initial of 500 And double down on another 500 in pursuance of that The rules with these financial thresholds is such that you can reach them in a number of different ways And there's nothing to suggest that you can't just Manufacture the funding enough to get up to these levels. Okay. Those are just using hard dollars to get up to those levels The longer it's going to take to get to these levels is the more reliant you are upon capital appreciation to get to those levels Rather than you help to infuse those dollars into the account and get that baseline because we're trying to establish that snowball Right on the onset and the quicker you can get to that snowball The quicker those dividends can render the quicker the snowball effect and the quicker the rule of 72 can take effect For that compounding effect that's going to take hold over your money It's not going to be as noticeable in these preliminary stages of wealth building And that's why a lot of people get they get frustrated And they get tuned off of of investing and they think you know what I want to buy that hundred inch tv I can get immediate satisfaction out of this. What is ryan talking about? You know, it's taken me two to three years to build up to five thousand and where am I? I can't retire on five thousand That is the very fallacy in investing that prohibits a lot of invest of investors out there from achieving Great wealth in their life because the great wealth is not achieved on the onset. It is achieved on the back end Okay, so as we approach that five thousand and indefinitely that ten thousand dollars This is what separates those investors that really integrate it into their life make it part of their life Adjust their budget to achieve something greater than that ten thousand But you're talking about one two three four and up to five steps five steps to eleven steps to becoming a millionaire You're almost halfway through the steps and you've got ten thousand dollars of capital wealth put away And this is the very critical point the ten thousand dollar mark is one that I earmark all the time And I share with the youtube audience is something that I remember wholeheartedly meeting because I felt like there was no way That I could ever achieve that ten thousand dollars of invested capital It seemed unachievable and when I did achieve it it opened up the gates of realization for me that any amount is achievable Now since then I've surpassed the hundred thousand the two hundred and fifty thousand and the five hundred thousand And I'm in route to that million dollar mark. Okay Because of the fact that psychologically I proved to myself that you didn't have to be wealthy To be considered wealthy. Okay Wealth is not bestowed upon people it is earned especially when you don't come from wealth This is how you break down the psychology of wealth and achieve those milestones No matter when they're going to happen. Okay, let's be real I'm confident enough to stare down that one million dollar mark Even though I'm a realist and I'm perfectly acceptable of the fact that if I run out of time in this life To meet that million dollar mark At least I have it earmarked and I am in pursuance of that wealth and my day-to-day activities My savings discipline is in line with achieving that end. Okay, so that is super important to understand I don't need to make it tomorrow. I don't need to make it 10 years down the line But inevitably if I'm making every decision that I can possibly make that is in line with meeting my strategic goals Then I can sleep well at night If and when it happens it happens and I'm perfectly okay with that Moving on from the 10,000 mark is the 25,000 mark 50,000 mark and the 100,000 mark This is what I consider to be no man's land No man's land is really really tough because 25 50 nor a hundred thousand dollars in my assessment is not adequate to retire upon In today's age if you want to maintain a lifestyle that you've grown accustomed to This could be very very dangerous phase because you could have rushed through the first five phases to 10 And perhaps maybe identified how easy it is to make money in the stock market This can be very very dangerous And this is where you start to think that you can duplicate those efforts By forgetting the hard work that it took to get up there And this is where it takes the most perseverance to keep your eye on the prize and keep your eye on those upper tier Of financial thresholds to to meet and guys to be honest with you if I can impart I don't remember When I met 100,000 and it seemed like it was shortly thereafter that I met the 250 and even shorter than that That I met the 500,000 dollar threshold and if I stay true on that philosophy in understanding That that 100 that 100 1 million dollar threshold After getting north of 500,000 is going to be inevitably in my future with the rule of 72 If I can maintain a 7 to 10 percent rate of return in the market I'm all the way through the first 10 of the 11 steps to a million dollars But I was never one of those people that demanded that I make a million dollars overnight I was never one of those people that were unhappy until I met that end. I'm a very happy person now I would be a happy person whether I met Whether or not I met those thresholds or not And I think people really need to take a page out of my playbook and disconnect from their money Earmark those achievable milestones on the onset and that's what the masses need to do They don't need to be focused in on making those millions And be unwilling to go through the preliminary in the trenches deliberations both mentally And physically to take those hard dollars those sacred dollars And devote them to a strategy in like with the in line with the framework that I've disclosed to you now guys If you appreciate the message coming through I'd invite you to subscribe to the channel hit the notification bell Leave your comments at the bottom of this video if it struck an accord with you guys We're looking to empower one investor at a time by identifying those tried and true fundamentals and investing That bottom line work. There's so much on the landscape that can misconstrue How to get involved in the stock market and it can lead you astray guys that this can define Your financial thresholds into your future and it can help you guide you along your path to something so much greater in this life Guys, thank you so much for tuning into the message and good luck in your investment future