 It's Friday night here on the independent investor channel. It's about 9 o'clock here. We'll kick this live stream off Come together weekly Friday 9 o'clock for you guys that are new to the message. I'd love to welcome everybody This message means an awful lot to me. It's kind of a cool deal that I run here It's a fun project. I do absolutely enjoy it. It is a very cool hobby just as good as the next anyway and love coming into converse with folks and Really drill down on topics that are are important to me Matt points out here that I'm I'm recommending that everybody sell it all sell it all sell it all That'll help you not be so terrified of retirement though, which is the title of tonight's video aimed to make you think a little bit and You should retirement terrify you For the people that aren't terrified at all and quite frankly naive on the fact that at some point They're going to demand of themselves the opportunity to retire What they have been complacent on that fact It they're in for a rude awakening and I think a lot of people are complacent in a time in their life where they need to be the most hungry and This video is going to walk you through my deliberation on why it is that people should be focused in on personal finance and budget wealth building and You know if nothing else this silent rally from the the lows just a couple of months ago If nothing else proves the power of stock market investing back up 10% since its lows Really kind of can give some validation to those folks that held true Some folks are making money right now. We will roll out the portfolios to everybody I was asked a little bit. I had my good friend who kicked back behind the the scenes with me before the live stream Which is Matt to money? He is in the group here So I'll feature him if you guys don't know who he is you should he is the who's who on Twitter All right, that is his domain. He owns it. Okay, Elon Musk who all right Matt money's your guy I'm gonna kick over and follow this guy, but anyway kicked in wanted to say hi Then I love conversing with this guy man. He gets it. He works with a sense of urgency That I relate with I respect I Think sometimes we kind of keep each other in check as well as some others that you know Really don't give ourselves enough credit for what it is that we do in pursuance of what I'm gonna discuss tonight To combat what I feel like is a lot of people's complacency a lot of people's naive pursuance of of a lifestyle that there's no way in hell they can maintain into retirement and for those that can and Prepare to do so I think that I tip my hat to those folks just about as much as any because They didn't get it by getting getting it given to them They didn't get there by not working hard. They did not get there by not planning ahead They did not get there by not paying attention. So some of those things that we're going to discuss tonight And get into is going to take us away from this idea that This stock market crash of 2022 hell, I'll probably get 300 views on this video, which is fine The independent investor channel is going through somewhat of a lean transition. It's no problem YouTube is playing tug-of-war with me In that they're basically suggesting that maybe I'm unwanted on YouTube. That's no problem. Okay I've never professed to be a youtuber. Okay, never professed to do that. I would do this project for free, okay? And for the little bit of compensation that I do receive through social media It does nothing more than to prove provide some validation to me that a small side hustle like this talking about Yes, my very favorite subject to potentially make an impact on people as real as I believe that we do For people had some really really cool commentary at the beginning of the live stream here Some of these folks that have been with me for a while man and Brody's one of them He's been with me for from the beginning and if you put the pieces together to the message It really becomes a lot more simple of an objective on my channel talking about one thing one thing that you can change One thing that you can change. I might bring it to your attention, but one thing that you can change and that is the investing realm I've said many times Relationships man, you're kind on your own and I bid you all the best in that department spiritual well-being health diet spiritual fitness, right professional pursuance of a life that you're trying to carve out for yourself all of those things debt consolidation we can kind of help with that piece but you know for the most part there's a multitude of different aspects and elements of life that If you can get more than just one Drilled down upon you can really set yourself up collectively for a lot better success down the line but the financial pieces are focused here because a lot of people are a disaster and a lot of people should be terrified about even Suggesting the fact that they're just going to waltz into retirement Like they're tiptoeing through the tulips and and not expect that it's going to be hard work a lot of people work hard And understand that retirement will be kind of a means to an end at some point But how much retirement planning do you do how much adherence to thought of the idea that maybe you're not gonna Look the same or feel the same when you're you know 75 as opposed to being 25 How many people actually do that kind of stare mortality in the face and say hold on a second man I I don't really want to be subject to the control of Everybody else. I don't want to be subject to the control of somebody telling me where I go for my health care Or what I do with my retirement because the only thing that I'm drawing right now is social security and The more pieces that we give away early on in our life The unfortunate piece about it is later on in life Sometimes those things come up to to bite us later on in life because we did not Pay proper credence to those things earlier on in our life And I think you know that the time the minutes and and the the days and the weeks in the months that they sneak by they do and I Think it's the complacent piece that I think a lot of people need to be a little bit more hungry about It's okay. If you are wanting to work hard wanting to spend your time crafting a discipline Financial aptitude and financial application is a discipline it is and sometimes it's an inconceivable discipline It'll take you to the freight ends of sanity okay Like this last downturn has has done it's tested a lot of investors out there, but You know for you guys that are out there and you're you 20 and your or 25 30 40 You know, maybe you're you're 40 50 years old You know, you're just coming to the realization that you're entering into retirement Or if you're in your early 20s and the younger stages of your life and You've never thought about this topic Personal finance can really contribute to this end and this is why we're so steadfast on pushing forward this message of personal empowerment and and taking that power that is Probably the most prevalent when you're younger, but also probably the most plagiarized bastardized Taken for granted when you're younger in your life You don't realize how much power you have And and a lot of it gets wasted in a lot of different capacities So we're gonna talk about the 10 things tonight that I feel like is gonna help and anybody catching the message really for the Few patrons that make their way in for the devote subscribers to the message. Absolutely, man I couldn't do the message without you I do you guys the one that allowed me to do this project and continue to do so if it starts to become You know me in here talking to myself Well that I guess that'll be about the time to hang it up But we are far from that because the reaches of the independent investor channel are established on an A and a B relationship me being the deliverer of the information and patrons all over the world that receive this information and Take a little bit of perspective from somebody who's domiciled here in the States Somebody who doesn't come from money? somebody who pays attention to this stuff and looks to share the perspective and find commonalities out there in what can work in Making us the most prepared for later life by doing a Multitude of different things now and it's not just about the money piece a lot of it is about proper mental conditioning proper adherence to discipline Proper spending habits In other words if you establish poor habits early in your life There's a chance that they are either going to come back to bite you or you can never get rid of them later on in life All right, so we look to revolve around these topics with the sheer intent of helping folks anybody who? Makes their way into the message is going to leave more wiser for it There's no doubt about it and that's that's no problem I guess well something that I find interesting is The laughing that I do in the back of my mind about how many people out there have it all figured out and those will be the very very people that are Think that they're just going to just waltz into retirement with no problem And I think you'll find that it is much more difficult than that. It is something that's strategic. It's something that needs to be Focused on and it needs to be worked toward and it needs to be earned And if you look at it any other way than that I think you introduce the greatest chance for regret in your life when you do look to potentially retire in your 60s or 70s And enjoy those later years in life because you haven't prepared correctly. So guys stay with this man We're going to get into this It's going to be a lot of fun tonight. Appreciate your guys's time on a Friday evening I'm locked in get a drink Let's sit back relax and chill as we get into this topic of are you terrified to enter into retirement, man It ought to be interesting He's peeping the live stream. I have no idea what that means man, but if he's driving and he's tuning into the I2 man My hat is tipped to you my friend. Thank you so much man. Appreciate that I work pretty hard try to drill down on topics that are actually gonna it's gonna help people some real talk some in the trenches stuff I Find all the time and I question, you know, where people come from and everybody comes from a different place There's no two places people come from that are alike. I get that I do but Where I've come from has absolutely defined what it is that I bring to the table with My interpretation of the opportunity in life Some of it has been Chocked up as being just an internal drive and I think I'd like to think that a lot of people have that I would I'd like to think that a lot of people have that and I talk to people all the time that I just Cart launch disagree with I'm wondering maybe if I'm the odd one or maybe I'm too aggressive or maybe I should just Lolli gag around and hey, this is great. Just live life and then die someday I Like to think that there's probably a little bit more meaning to what we're doing then than that application and I think I think this project aims to strike at that that very lack of perspective and and lack of Taking advantage of opportunity especially in this country Because the the opportunities are out there a multitude of different opportunities a few people in my network Here who are even talking about the you know the the potential of taking a good career and Leveraging up and taking another maybe even more lucrative opportunity so How are we so lucky and I think Being a little bit humble with our application and and understanding why we're doing what we're doing and Being kind of careful with the opportunity to I'm not saying that you want to go out and put the entire nest egg on black it, you know in Las Vegas That's for sure That's not what we're looking for. We're looking for a little bit more spread out long-term discipline in your application be responsible What's to suggest that if you don't put your head down every single day with the intention of making every day a Good day go earn that money go earn that opportunity go earn That ability to step into retirement someday just like Becky has and she's she's earned it And I know Becky she's a friend of the channel and she always will be and to to epitomize success isn't necessarily about You know that overlevered million and a half dollar home You know the for people that can't afford it that have two luxurious sports cars on the driveway And are levered to the tee with the bank and and have credit cards that are all maxed out Now society would look at that if I'm the runner on the sidewalk walking by and I'm like man, that's really crazy That's successful, you know the most successful people in this country in reality is Our people like Becky and and many times over who you would never ever know is an absolute success story But but the sheer disconnect between what we think and define in society as being successful And what is actually successful in reality? Almost require two completely separate roads. They do I could be great It'd be fun to come on here and say yeah, you sort of sold everything a year ago or six months ago, or I would have been great I've been a fun for the channel. I can pump out eight minute videos just like every other idiot on YouTube. No problem I think the fallacy of people is that they listen to people too much Myself included as much as I try to filter down the information and provide good information for people People aren't gonna hear all of it and they're also not gonna get the totality of the intent either And they can misconstrue my message just as easily as the next I had somebody coming in suggesting that I should quit YouTube Hang it up. Give it up. I'm terrible because I'm telling people to sell everything Because one of my videos was titled sell everything, right? It was the sheer scoffing at people at the sheer stupidity of Selling out of things at the very worst time Which is by the way the most socially acceptable thing to do in this retail application If stuff doesn't work out for you in the first two or three months Basically what you need to do the recipe for success as a retail investor is to shake your pants Liquidate your entire portfolio And and and then tell everybody how bad the stock market is for the rest of your life That's the recipe to success I think sometimes it'd be fun to just come on and buy into people's emotions just play into it You know like the stock market's out to get you it's evil It's not an environment for most people to play in which is like nothing nothing of what I actually Think as possible in the stock market I think as I'm gonna disclose to you night with the portfolio updates were up huge week over week We're up were up nicely. I've watched the jet Dow Jones industrial average roar back 3,000 points from its low will it go back there? Hell, I don't know. That's not really why I invest guys Okay, but I was just speaking with Matt again. I had a great conversation with them and we talked about 45 minutes I'm was like If you can't just sit back and make the decision now about what you're gonna do with your portfolio in times of volatility ie never sell then Don't invest if you can't hold yourself true to that program. No matter what then don't invest Okay, if you want to throttle it down so defensively to an anemic state where you're not gonna panic yourself out of the stock market Then then do that or don't invest at all. Okay, but don't invest with the false sense of security That everything is gonna be Okay, all the time because it's not right the reason why we're building this up quite frankly is to build wealth for our future What exactly does that mean to you for our future? Most people have no idea Most people are like if it doesn't go up this month. God damn. I'm out. I'm gonna sell this bastard. I'm out. I'm mad I'm mad. I'm mad at that YouTube guy. He told me to sell everything. I Saw this title come through YouTube and and I thought man this this hack. He's telling me to sell everything Maybe I should and I did it now. I missed out on 10% in the market this this son of a god God dang it I'm gonna start my own YouTube channel and tell people how to do it right by God because I have all the answers No, no, they don't I don't you don't they don't nobody does let it go Kiss your ass. Kiss my ass. It's your own ass. It's all good. Let it go Nobody knows squat. Okay The only person that I always advocate for and I always have through the history of the channel is to empower good people To put themselves on their own personal path One that makes sense to them. It's lovely. All right, Ryan You are here doing this YouTube to truly help people You have certainly got us on the right track to finally retire dividends have been a game changer Dividends can be a game changer Becky. They're wonderful. They're one of those things that I consider an almost outright certainty in the stock market and hot again If you can't do that, right and you can't talk like that. God dang it They can suspend their dividend and never pay a dividend ever again by God But I tell you what I'm gonna take a chance on this big big vehicle over here. You know what I'm saying That's gonna work out really well. I Get to hang around the barbecue and I get to brag about how awesome my bad ass truck is It's got four-wheel drive, but I'm never gonna use it Okay, I get to brag call my buddies out of the golf course about how awesome big truck is No, that's a good one But how many people actually out there can actually say that they've ever been paid a dividend There's a good statistic for you. Hell, I don't know Google it How many people in the population have ever been paid a dividend a real one not interest rate from a checking account Not interest rate from a bond not interest rate from a bond that grandma gave you a savings bond Okay, that's not a dividend a dividend from a stock that's been purchased and paid to you All right, what's the percentage of the population out there? That's actually been paid a dividend in this on this earth Yeah You enter into a stock at the right time one day prior to x dividend You're gonna be paid that dividend. My god. It's a great thing retail investors man see All right, no soiling of the shorts here calm cool and collected stay calm and invest on Okay, these are the ten things. Let's get into it man. Number one. You have to think about it Okay, you have to put some time into this think about the element of if you closed your eyes and you imagined yourself 20 30 40 years from now and you're like wow I'm retired This is awesome drinking this wine overseeing the ocean maybe in Mexico with a margarita and Everything is wonderful and then you wake up and you think about all of the things that you did along the course of your life To actually get to that end How many people actually think about it that way? I've had it a ton of thinking tanks come to me and tell me God dang it right now It's the most horrible time to invest in the stock market and I'm like really how why is that you're about two months behind on that news Yeah, yeah actually two months ago was a phenomenal time to invest in the stock market with the pundits on YouTube and CNBC would have you believe that the markets going to zero It didn't it won't It didn't You know so it's it's that opposites play here that I talk about and I just think it's the sheer reality of sitting back and saying What is it that I need to do now? What is it that I need to do now? And I'm not giving you a half a dozen things to think about man. I'm giving you one one Okay, if you're a non-investor It's no problem. You can disagree with me up and down Ryan. You're full of crap You're a hack Ryan. You tell everybody to do this that and this and that and this and that There's a ton of successful people in this audience and I guarantee I guarantee it exists And there's no way ever on in the history of this channel that I could ever come on to you on a live stream and Try to quantify the level of success and via renderings and dollars To measure the success of this community no freakin way, but it exists mark my word mark my freakin word It exists It exists because I force people to take a look inside. I force people to think about it No, you're wrong actually. Do you even invest in the stock market? No, I just I don't know I just talked to my my my my buddies They were the one that shit their pants man Just a couple months ago and sold everything and they told me to do the same thing and or they told me they did it And so I didn't want to do it. You know what I mean? I like clean shorts. You know what I mean? So that's what I did My good buddies, you know what I mean? We have paps blue ribbon every single night together and that's that's gonna that's gonna Ride us into the sunset to retirement. You to think about it. Pay attention Okay, put some thought into this into this dig number two People are way too complacent now drives me at the wall I move into my weekend and I am glad to see it I am because this little man that could this little engine is up at 445 Now I don't drink the raw eggs like rocky Okay, but I am up and I am in the gym at 445. God dang. That's pretty amazing. God dang Well, it's because I'm trying to stay healthy for the sheer Reality that at some point I'm probably not gonna be this scrapping young Good-looking dude that I am now. I'm gonna be old and wrinkled and fragile And if I can be a little less fragile and a little more strong in my later years Maybe keep my ticker a little more healthy and I'm gonna do that now. I got and I do it 445 every morning man people are too complacent man they take it way too easy and I think I would go so far as to say that people are complacent when they're young and they do everything that they can possibly do to stress themselves out about you about a Bunch of crap that doesn't matter. This doesn't matter. You know, all right Let it go work really hard at the things that are worth working hard at But don't be so complacent be a little more hungry. Okay fill those days And and and hours up in your day with something meaningful Ryan, you're invested in highly on you suck really How many people out there actually take a chance? I don't know Some people in the highly on community would say suggest maybe that they understand exactly what I'm doing I'm making a move. You know, I want to get ahead. I'm aggressive. Okay. I'm aggressive If I'm guilty of anything, that's it. I'm Taking a chance. I'm making a move and Highlands moving in a way that is very interesting to me volume is absolutely a need make and I think we're setting up for An interesting short little bit of short squeeze up above to where I think fair market value is right now Double off of its current target at about eight to twelve dollars. I'd like to see the the stock Kind of finish out the year there and I think it will Number three, how many people do you meet out there that want it all now? They want it all now I Don't make more than fifty forty thousand dollars a year, but I'm gonna buy a six hundred thousand dollar house It's mine. I'm gonna buy it. I have no idea why but I'm I'm good. I'm gonna buy I'm gonna buy The bank says I can afford $601,000 I'm gonna offer 601,000 in this competitive market six hundred of and leave myself a thousand and it's gonna be like 42,000 dollars worth of closing cost so good one on that Omar. That's that's lovely. Nice job But I want everything now. I want everything now. I Want some stuff too guys I do All right, I don't prescribe to eat in garbanzo beans every night out of the can but I Do want stuff the difference between me and a lot of people is I don't think this world owes me shit I don't And and and I look at the portfolio that I'm gonna disclose to you guys tonight and I'm like I Can't really get a whole lot with that. Yeah, I can fall on tail and buy something cool I guess I don't know But I don't really think it's a lot. I can't retire on it. I Could I could for reasons that I'm gonna kind of discuss and it has a lot to do with me perspective Okay, you give me little live aboard. I'm happy men Mm-hmm as long as the bilge pump works. I'm good You give me a little sailboat a little bit of free dock space because I'm cool I'm tight with the dock master and he thinks I'm a really really good guy because at some point in my life I had a YouTube channel where I've affected a lot of people. I did dissolve away and just float off into oblivion But I'm a really really nice guy and I'm a really really wise man, you know So he gives me free mortgage at the dock there. I could be just as happy with that No problem. The question is how far will a half a million dollar go if that's the lifestyle that I choose? I think it'd be kind of fun to actually Just throw my bag over my back and actually just live on the streets for a while. I think be fun. I'd do it I'm crazy Go on the walkabout Who's with me who's with me everybody's like God dang are you serious man? I'm used to sitting back in the comforts of my home and having Ryan just kind of stay on the circus a little bit The night he's big and deep and calling for a walkabout across Europe Just throw off all levels of comfort that you've been grown accustomed to in this life and built up over time because you Had to have everything now You're asking me to just get rid of it and just go walk the streets with you man Like for a scum. I Won't do it Ryan. I know you won't do it because we come a become accustomed to our own reality We do and we get comfortable. We get complacent And we're all guilty of it man myself included man It's crazy. Some days. I just want to like cast off the chains and be like Yeah, it was the happiest time of my life man when I was on the sea and I had no money and yeah It sucked when I'd get that bill, you know, I didn't have any money to pay it You know, I remember one time in Las Vegas, man we woke up in the car after a night that I don't remember and It was me in the back seat My buddy was in the front seat We woke up and it was like we didn't know where we were and I went to the ATM to try to get a little bit of money And the ATM said get lost asshole. Yeah, those are the good old days. Seriously. It said it on the ATM It was like you need to leave Las Vegas now Everybody's like, God dang right, how'd you survive man? How'd you get along with no money? Geez Louise. Well, it's what people think what they need is difference than what they actually need And that's the thing is the further we go in this life and society the more pathetic people get on what they think they need and We actually think we can actually talk ourselves into a recession when I'm here to tell you man in my assessment of what's going on things are not that bad. They're not that bad I think People who are struggling were probably struggling before 2022 and they'll probably continue to struggle after 2022 And they're probably the loudest people speaking right now about how everybody else owes them a life Number four listening to others I've mentioned to this before okay if you wish to come on and consume content on social media and Okay, I'd like you guys to think that you know me and you do I'm the same guy Matt'll tell you He just wrapped with me for 45 minutes same thing making jokes Funny stuff. It's funny. It's life's funny, and it's all good man. Life's good But too much trying to take what others have in that program and put it into my program right I Think I can build YouTube channel by coming on and spitting then up at this guy because he's Obviously got some subscribers and I want to start a YouTube channel so I can trip and fall into my viper Okay, like Ryan has because he's making tens of thousands of dollars a month on on YouTube because he's got so many subscribers on YouTube So I'm gonna do the same okay And I'm gonna tell people what I know about things Even though I really have dude This is a real story. Okay, I'll let you in on a little insight I had a little bit of an interesting troll situation this week with somebody who just Didn't think I needed to be talking to people about anything life-related I begged a differ scooter. I know a thing or two have been around the block little man Then when I went around and checked on his channel. It was like, are you kidding me dude? If I was that pathetic, I'd punch myself in the face See, I do think there's an Iota of what I say that actually has met it Mm-hmm and meaning like if you trip and fall and buy via all S&P 500 SPY You're going to do okay You're going to actually increase chances of entering into retirement in the proper fashion Okay, but if you listen to this idiot who was walking around house talking about this and forgetting this and oh I wish I would have talked about that and this and that oh and the tax brackets, which was a complete disaster Okay, holy moly. All right people who think they know shit scared the hell out of me They really do okay I know I know stuff and I throttle back on my message Okay, because I know the impact of what people are going to take away from and what they could potentially deploy I get it. It's a serious topic. I get it Okay, I joke about the funny stuff because it's kind of funny sometimes, you know People are pathetic sometimes about what they apply and what they think they know and you know Ryan you invest in this Don't work at this year. God you crazy. I'm crazy. I know I know I'm crazy Perhaps maybe I should have like three thousand dollars like everybody else in their savings account and not be sitting on a half a million dollar Portfolio, which is what I declared to Matt money tonight as being less than the average salary in this country I'm a serviceman 17 years in this country and I make less than the average American Google it. I just googled it. I'm pretty certain that 2021 was $64,000 a year. I couldn't believe it blew my mind What are people doing for $64,000 a year when I was a young boy? And I took my pad and pencil and I was okay. How much do I need to make? What do I need to do to go to college to make? Okay, if I could make $50,000 a year. I'm in I'm golden I'll be a millionaire The mathematics just don't lie if I do this this and this is where I'll be right. This is where I'll be, right? A lot of wrenches in this chat. Oh man, I have to kick over and give you one as a matter of fact You know what you get one for that. I'm gonna kick over and I'm gonna try to find you Here you are. I gotta find you buddy. I gotta find you somebody retracted their comment Don't do that, buddy. Don't do that man wrenches. He says Hey, I got Hubert. God dang it. I'm feeling saucy tonight. There you go, buddy You're an administrator now. Don't screw it up. All right Don't tell all your troll friends to come on and hate on me. All right. He says joke He's like, I think I pissed off the IT tonight. That's all good. I'm already fired up. Trust me. It's all good Let people give me the fuel to do what it is that I do man Trust me man I'm a lover of life and I am actually a lover of people the good and the bad It's just that the bad sometimes really just strike me sometimes is being extremely pathetic. All right number five Being naive to the reality. Hmm. What do I mean by that being naive to the reality? I Think sometimes people don't aren't really happy with where they are I think life is a lot of just learning how it is to chill the freak out Chill the freak out stop being some Freakin freaked out about everything you freaking baby Chill out man. It's all good. You're stressing about this and that and this and that and this person said this and this I got dang it. That's the drama all the time and then they fall and on their silk satin sheets every night And it's like their hot tub bathtub and their indoor swimming pool and the hot tub that they never use and and and the wine Seller that they never go and tap I'd be down there naked, you know drinking on that bottle of wine out of my wine Seller, you know, I was drove by the mansions in Detroit, man And I'm like, where are all the people who own these homes if I owned one of these I'd be out Smoking a cigar man naked like yelling at the world. I'm a winner. I'm a winner. Look at me Naive to your own reality, man. It's all good. You're fine. You're probably doing just fine, but you're self-manifesting all of this like Discontent and hate for your current situation because it's so bad. It's so bad. It's not bad You're fine. If you if you want to like, I don't know get a taste of reality Go to Africa Subject yourself to that reality for a while then come back to this country Then come back to this country when you've had your ass whipped by life a few times, okay? All right, stop being a bitch. All right Learn your reality, man. You're okay now if you're okay now You'll probably be okay in retirement if you're naive now The unfortunate part about it is you may turn over a leaf at some point down the line into retirement And it might be a rude awakening and might actually awake you to the fact that you're unhappy You're unhappy Get happy. It's all right. Get happy when you don't understand the purpose of what you're doing That's a key Whether it be in your relationships your profession Your financial stewardship and it is just one of the 16 of the blocks that I talk about for the pyramid of Happiness it's the Maslow's hierarchy of needs. Okay. I stole it because it's really freaking good It helps, but it's just one 16th and lots of things contribute to each other. Okay, like My working out at the gym makes me a savage Somewhere else at home Right, they all contribute to each other. It's a lovely thing. Okay? My ability to carry through with a physical fitness regime keeps me healthy Contributes to my health and well-being, which is another aspect of the 16 pieces of the hierarchy, right? but Do people really understand why they do what they do It's the very meaning that's going to keep you on track with your diet And and and what plan you're marketing toward and finances is no different if you put a plan in place Becky came to me about a year and a half ago. She's like, here's what I want Ryan Well, I was like blown away. I was like, how does this person actually know what they want? And it was like it it dawned on me It it gave me the validation to know that there are people out there that can actually think for themselves about Looking at investing and saying, hmm And I see this over here. It's not really for me, but this dividend thing over here I this is kind of interesting because I think it can give me X Y and Z and it and it can and it did Right. It has a sheer purpose to it Investing perhaps when you're in your 20s probably carry with it the least amount of purpose Because you're giving away money that you don't get to spend at the bar 20 shots of Yagermeister That's money well spent in your 20s, right? You're the king for a night You wake up the next day with a headache that I do not envy of you my friend I do not envy here. We are on a Friday night Celebrating with each other. I'm having a drink that cost me all of about 57 cents 57 cents For my craft of Jack Daniels 57 cents. All right, this drink in Manhattan would cost me all of about I don't know $22 and 50 cents plus tip Hit the like button. It's free. Okay, nothing on this earth is free except for the independent investor channel It's free free of charge. Yeah, tell all your friends free of charge come check this guy out, man He gives away the goods for free number seven People who cannot disconnect with their money Is is really tough because if you're so connected with your money all the way through your life, man You get the money you buy a new car you get the money You spend it on something new you get the money you buy it on you It's you gotta buy you gotta freaking buy buy buy buy buy through your 20s and 30s You buy buy buy 40s. God damn. I'm anger buying because every time I buy I feel good for the shorter amount of time And it's just the dopamine doesn't last as long as it does 50s bring him by buy 60s. Whoa income goes away I'm retired now Look at that watch. That's incredible Social security comes in and it's like six seven hundred dollars. I can't buy so much with six hundred dollars That's two loads of groceries freak freak Mm-hmm. Yep I cannot separate from their money And that's the sheer separation that I would suggest that you seek Find it's the answer. I'm giving it to you. Okay. Sell everything now buy my course, right? That's no not necessarily. I don't have a course. I'm sorry if you want to join my private viper group You'll probably understand the payoff of that group at some point down the line when I am just a few shakes away from Blowing the cap off something really special here within the next five to ten years in my life. It's fantastic It's great. It's going to have substance and merit and the good people who are part of that will understand At that at that time. Okay, but they can't separate from their money and it It it bleeds over into retirement Which is really really tough because if you're attached to your money when you're making five six eight thousand a month Folks like me who are making like four dollars a month, you know to get by right? It makes it that much more difficult when in retirement the government's paying me 58 cents to live. It's tough, right number eight Lifestyle, we've grown accustomed to you ever hear this I'm going to go into retirement and I'm going to maintain the lifestyle that I've been accustomed to You know hard that is Yeah, it's hard You know During your working days, you're making, you know, probably the most amount of your money probably when you hit 35 to about 55 That's the maximum earning potential range right there And you're looking to maintain that amount I mean look at the renderings on a million dollar portfolio at eight percent now You have to keep that million dollars exposed to risk to render that 80 thousand dollars of profit, right? But You know minus taxes You know now you're down into a nominal salary range. You want to do some traveling You want to do some things or or do you want to just see sit neat garbanzo beans with your buddy ryan? Right or even better you come down to the dock You could listen to the eight track, but I don't have money for one. So I'll probably be playing my guitar Right, which is free of charge credence clear water revival So, you know, it's one of those things lifestyle. You've grown accustomed to man. That that's a tricky one You want to maintain that lifestyle, baby? You better get the work and I think a lot of people define a lifestyle right now in their early time They're giving away the farm. Maybe there's no way that they can maintain that into retirement. No freaking way All right, it's like, you know justifying a nine hundred and fifty thousand dollar house right now. That's awesome I'm super stoked for you man. That's great. All right People like me. I don't have that luxury. I can't do that. I don't come from money I don't expect that, you know, mom and dad are just going to send me a check for two hundred thousand dollars Just to bail me out a hawk right if I buy into a crap market. They don't have that I have to make decisions that are conducive to staying on my own two feet, right? All right Okay Acknowledge how life will change. This is a big one. This is number nine Um, do you expect to have the same medical needs later on down the line? Things that you could prepare for now. Do you have the ability to? Drive As as freely as you do now things to take into consideration Do you expect to be as mobile as you are now? Do you expect that the the vibration that you enjoyed earlier on in life isn't going to come back to create Health issues down the line, right? So access to health care long-term health care things like that all Issues all of them Solved by money Money's the root of all evil. No, it's not it's a solution to a lot of this world's problems Ah Mm-hmm Put that in like pop and smoke it do it seriously put it in your glass drink it do whatever you got to do I'm right Okay The people that are complaining all the time about the government owes me this and this and that and this that failed to Identify the fact that the government at some point wasn't just going to give them stuff indefinitely Okay, there would have been a time where it would have been nice Maybe that I do a little prepara on my own. Yes. Yes follow Good I just imagined chris farley falling through the table. Oh god It's bad sound by the room I have that book. It's a good one man Missed that guy God, what a what a what an awesome dude that guy was And number 10 man You have to believe that you can that's why a lot of people man I would insist that you come on here and you watch me act all funny for 60 minutes And I have a good time man. It's a it's fun for me. It's a fun project. It should be fun But at the end of the day, man, do people honestly believe that they can do it? Yeah, I don't know. I don't know. I it's I'm a searcher, baby. Okay a lot of people sense that about me Right. I'm a searcher man. I'm I'm trying to find I'm a searcher in so far as that I admit to an audience that I'm I don't I don't have the answers If I did I wouldn't be searching You know Perhaps maybe the portfolio would be bigger. I was talking to matt earlier, man If I had just bought into the Detroit market in 2009 I could have bought half of Detroit when I moved there initially. I'd be a multi-millionaire now I did not do that. Okay. I had an inkling that it might be a good time But nobody in there mother was telling me it was a good deal to buy in Detroit in 2009 2010 Right ended up being the most lucrative real estate deal. I've ever wrote a chronicle that on the channel but you know, it's one of those things that You you got to believe man You got to believe that you can and you got to pay attention You got to adhere to some of the things that I talked about in you know You're going to relinquish some of the power later on in life that you have in retirement And I I think So many people fail to kind of identify with the idea of working hard now for the payoff later And I think a lot of people look at it too and be like Yeah, I'm a Ryan guy. He's kind of sucky man because it's like I I just want to blow my wad now I want to blow it my wad over and over again I'm 19. I just want to blow over and over and over again. This guy crazy He crazy man. I just want to spend it all man that 20 shots a Yeagermeister Man alive money well spent man. It got all the ladies attention at the bar man. It was I was a king I was a king for a night for sure Ryan you crazy Top in and rip through some portfolio guys. I hope you enjoyed that that was pretty funny That's gonna be fun to watch back on the on the give back. I can't believe what I just said, but hopefully it was good Hopefully hopefully it made a mark anyway, but anyway So this week we proved to ourselves that stock market investing could actually be A good thing. Whereas the last year has been an absolute atrocious ride for the i2. It's been terrible I've been absolutely Tranching through and pulling you guys with me like mud people. Yes, we are the livings that that that can be on the i2 tranching through the swamps of of of negative markets But we're up We're up huge week over week. This was another good week second week in a row markets have been really quite good ladder piece of july And it's been I don't remember the last time it's been good. I was asked by matt. What do you buy and run? I doubt I don't feel like it's right I think what I'm doing feels right dollar cost averaging the markets A few times more aggressive than not I've thrown a couple $10,000 bullets at this market Strategically on big big down days and we haven't had one of those for a while Couple months. There was a time there when we were going through nine hundred thousand 1100 point drawdowns in a day Yeah, I was taking advantage of those, baby. I sure was that was the only one right? You suck You're the markets terrible. God dang it. What are you buying in this market for? I don't know. What else to say Do the opposite of what most people do and you'll be just fine in this life, okay Don't don't adhere to what most people say is right. Okay, even me. Okay. Just Just just ignore it all All right, this is roth one almost back up to the hundred thousand dollar mark. That's a good thing I guess I don't know I don't I it'd be interesting. I have no idea what a hundred thousand dollars looks like I know what it looks like digitally, but I have no idea what it actually looks like in physical Dollars or hundred. I don't know be interesting. I don't know. So I thought that just came to my mind. I don't know I don't know If I can't turn this into something material I turn over to kids because like I said, I could be happy right down at the marina on my sailboat playing ccr That's I could be happy. I'm happy now. I could be happy then I'm on a boat Lapa luxury baby again as long as the bilge pump work the bilge pump has got to work. All right, that's important So as long as that dock master can give me some shore power Right to make sure that when I'm sleeping my my boat doesn't sink because that's kind of embarrassing Be honest with you then I'd be all right This one's up. We cover week 84,400 dollars Ali Baba the most disappointing stock that I've bought in the last 10 years Mm-hmm. Yeah, that one really got to me Highly honest been not so good. I can live with it. So if I good to go will work out well But yeah, Ali Baba has been a tough one. That's been a tough value play that has just really been absolutely crushed But we are up irrespective of that The M1 finance portfolio is going and chugging right along here approaching that 25,000 mile milestone Pretty cool stuff. You can find all the links to all of these portfolios in the description of any of my videos and If you are concerned about me making a small affiliate commission Please do not click on said link because I might be paid a few pennies for providing that referral to you Okay, it contributes to that $10,000 on a month. I make on youtube. I'm I'm just kidding All right, I don't wait. I don't make anywhere near that. All right Calm down. I'm not quitting my day job to go to work for youtube. No way Um, and you're not an entrepreneur if you work on youtube. You're not you're owned by google You are owned. Okay. You work for the man calm down. It's all good If you enjoy the work great pursue it. I for one enjoy my live stream Which I don't get paid very much for which is all good. It's my hundred stock portfolio. It's very good It's up again up up is good Up and slightly to the right 32 thousand eight hundred twenty eight dollars. We can buy a few big max with that The bonds portfolio, this is something that I have a strategic goal of 25 000 on the top end to get to and we will We will I think it'd be nice Uh to get up to that funded up to that amount and then when I move into retirement I actually think it'd be nice to have one tenth of my wealth and in bonds. I do So a hundred thousand dollar bill in this account would be would be actually very nice The thrift savings plan. I wanted to report to y'all the y'all. That's kind of funny. Um, I actually am from the country Hey, just off the topic if you need you guys are looking for some good television Check out shania tweens latest documentary on netflix very touching I was um, I shed a tear. It was amazing. It was amazing. Check it out. It's very good If you like shania twain, uh, check it out. Her story is absolutely motivating. It is absolutely fantastic Which is probably why i'm digging kind of deep because I was inspired by it. I was straight up inspired That's why when I call people on the carpet for not being as like motivated as you need to be Look at what this lady did with her freaking life. Look at that and you got to watch it all the way to the end Anyway, we are up actually you're to date in this point nine percent. Can you believe this almost one percent up? I just think it's just terrible. It sucks market and people investing is stupid people and stupid I'm up. I'm up one percent. Okay. I'm up after all of that. All right the round draw them Everything's going down hell in a hand basket. We're up year to date and the thrift savings plan I can't believe this where this goes It's going to be exciting because I dollar cast average the heck out of this during the downturn very cool stuff Out of robin hood. This is a vanguard's growth. Which is actually gaining some traction here It's been nothing but horrendous with the sell-off and amazon and google I was telling matt money that if you could have bought amazon and google at the wrong time That was your boy that could ryan Right very very good investor. He very good. He very good wealth building man. He's down 21 percent in google and 30 percent in amazon 25 percent something like that, but we'll be good We'll be good. I took it through the split. We'll be fine We got to continue to to ride those out. But the vanguard's growth etf. This is weeble. This is the mid cap etf This is swiss f which is Secure Secure Products this is really cool cool cool company man. It was up 17 percent today interesting very cool doing some good stuff Good java lane gi is the ceo of secure doing some great things Hosting your data in switzerland on their servers over there not subject to the cloud act 2019 It is a paid service, but then again, you're not giving away your data to microsoft Google amazon web services and the like to bastardize and sell your information Information war going on right now secure looks to to uh to solve that We're not going to talk about crypto what a what a crap shoot that is and there is the Grant total of the portfolio. This is why you subscribe to the lep channel This is why you shouldn't listen to me when I say to sell everything and go and you should subscribe to the duke of York go subscribe to the duke of york. He's very very good He has 160 patrons to his channel But he's looking to grow his message because he has a secret that nobody else has on how to grow wealth Okay, grow wealth In all reality, this is reality. Okay, uh, I typically like to keep the dialogue to a minimum and Provide you the goods He has promised to actually share his portfolio with his grander youtube audience is robust YouTube audience out there, but you got to wait and stay tuned. You got to stay tuned I just give you the goods. That's it. That's me job. I don't have a big qualms about a number I don't think I'm anybody special at all as a matter of fact Um, I have been that fella on the boat down in the trenches, uh below people sewers Yes. Yes. In fact below Yes, I've been there. I can speak from experience a lot of people would have a hard time actually digressing to the To the below the trenches lifestyle that I've carved out for myself been there done that That's why everything as of now seems like a bonus in all reality. I think you guys should Find a deeper perspective find that meaning It's one of the cool things I talked about tonight find the meaning in what you do Know why you do what you do investing. Yes. Know why you do what you do. I know why I love my wife I know why I take care of my kids and you know why I go to work every day and why I try to stay healthy with them Why why why why why why why I and also why you don't do certain things Why I don't buy a new car every year. There's a good one I invest in a car that's going to last me 10 years minimum. Hey, there's a good rule of thumb for you I don't know sell everything. No, you don't watch this hack. All right, fine. Don't watch me turn me off I don't care There will be 300 people to catch this youtube live stream And if you actually sat through 58 minutes free of charge free of charge, all right I watch tony robbins. I love tony robbins huge motivator for me But you got to pay $6,500 to go watch tony robbins. How much did you just pay me, right? Zero you paid zero zero money zero to subscribe to channel I come on provide the goods through the equipment. It's all good, man. If you paid attention, you're probably better off for it Very important have a perspective about this gig one down. We'll keep it below 60 minutes tonight guys Really appreciate it. This was a cool topic a little bit A little bit different than the norm. So so pretty cool there Um, um, my hack didn't come on and uh, my my troll. He did not come on. I invited him But I do have a record of invitations to trolls to the independent investor channel of 178 no So I'm still looking for my first taker when I invite them on to debate me the razor tongue Um, I wouldn't want to debate me Mm-hmm. No way especially for as shallow a criticism as I got from This individual I bid you all the best luck in your life. I absolutely do But before you back up this tree, you better know where you're barking. Okay, it's the glass house Philosophy, I think most people need to be paying attention for the most part to what they bring to the table and what they think And not necessarily what they think other people bring to the table. All right Pay attention to yourself man. You'd be so much better off to do man. So very cool guys, man I'm sure matt and the and the gents men are gonna daisy chain over I would invite you to kick over subscribe to their message if you're not yet This is the best corner of youtube the most Loved and actually the most unknown corner of youtube To talk about in the trenches reality Budgets budget finances Financial discipline wealth building and tonight we talked a little bit about the inevitable Walking into retirement with a lot of confidence man. That's the key and if you took something away with with this Hopefully you did and hopefully you're better for it guys. Thank you so much for tuning into the fastest 60 minutes on youtube Really appreciate you guys. We'll be back with you next friday At nine o'clock eastern standard time on the independent investor channel be well. Take care of each other We'll see you next friday Oh