 And welcome back to the independent investor channel. I know we've been off for a couple of weeks, but How excited I am to put down on this product? I have missed it. I've been absolutely crazy busy, but I Take this project very very seriously You know that the power to change lives Through the message that we're talking about really in the face of what society would have you believe is Life-changing activities, you know people talk about winning the lottery or coming into a sum of money and somehow that is projected to Change your life for the better. I'm here to tell you most of those scenarios As fun as it would be in the short term without proper discipline and mental aptitude to To understand how to care for wealth Your you're doomed. It's just not going to happen for you Furthermore, I would consider that people need to spend way more time In this life looking for those things that absolutely will change your life have some kids find Significant other that you can stand to be around or actually dare I suggest want to be around Those those are things that will change your life for the better. There's no doubt in my mind When we talk about the financial topic, it is all ever apparent to me how confused people are by this topic and How this channel represents an opportunity for people to make their way in and for every dollar earned for you Is a pledge or step in the right way or the right direction for the collective whole very powerful I Got an email this morning. I got paid a dividend of 82 cents. Oh, Ryan. That's crazy I was joking with my brother this morning. I said if I could just do that a million times over I'd be a millionaire The deeper systemic idea behind the dividend portfolios That of which are available through the channel. You can check those out. I have since transitioned dividend portfolio number two And and I've also made that available. That's a around 150 stocks dividend payers that Unfortunately, I would have jammed them all into one portfolio with M1 finance But unfortunately they cap the limit in each of their respective accounts and I wanted to take advantage of the fact that I have three accounts started with M1 finance the one is the Sector portfolio that I've shared openly over the last couple of years in the channel And it's done quite well. We're just absolutely kicking ass There's a fundamental theme that I really want you to take away from that I Invest my money. I Declare to you that we're kicking ass This isn't a braggadocious message in so far as I come on and you guys look at me like I'm some sort of guru in The stock market far from it. I'm just a regular fella. I Put on my boots my pants the same way as everybody else I go and I work a job That of which I enjoy Which is another one of those things that can actually of the long term actually be life changing for the positive In other words if somebody were to come up and punch me in the face and be like Ryan your life's about to change You're gonna win the lottery That's not really the shock factor that I would wish upon anybody out there rather it be to find Something that you enjoy doing that you feel motivated to wake up and go and pursue Something that you can actually find some upward mobility in And take some some comfort solace and some appreciation And some self gratification in the fact that you do have that upward mobility in your in your life And and in that aspect of professional development Have that ability to pursue those ends that's going to make a far Greater difference for the masses out there that I speak to or those people who make their way into the channel Who we are looking to make a difference for? Okay, if everybody understood At least the level of investing that I have learned over the last going on 30 years of investing We would have no need for this project because There are misconceptions about who can succeed in investing There are misconceptions on who is eligible to invest There are misconceptions on how to invest There are misconceptions that would have you believe that somehow you need to gain some level of Expertise to outsmart or outthink or outmaneuver financial markets. All of that's wrong. It's just it's just dead wrong I was on the floor of the stock exchange this morning for the fourth time in my career just this morning It was a little bit more Special for me. I actually went with my brother this time. I don't know if that was a first but Really cool. We we kind of got caught up there talking to a floor trader that had been working since 1980 Had went through the crash of 1987 had went through the dot-com crisis 99 to 2000 and and could remember with amazing detail the transformation On the exchange itself and just was a pleasant gentleman to speak with but You know, of course in my Fashion form and fashion, you know, I always like to get people's insights on Stock market investing and and and what greater place to get that type of insight Than the floor of the mecca of it all in the world the new york stock exchange And and and he said, you know, if I were just going to tell anybody this I would tell them to go out And seek out the services of a financial planner, whether it be with morgan stanley or whether it be with goldman sacks and It it's a sentiment that I pushed back on a little bit. I said, well, you know, they're they're products now that make it easier I was really being way above board, you know with with my Careful disagreement with with that application. It's not wrong. It doesn't mean it's right either I hate to talk definitive when we're talking about finances, but You know, my response was look I mean if you could just buy the sp y or buy a derivative of the s and p 500 If you can tell me what type of rigor Needs to go into that or or what type of hokey pokey You need to play with owning the s and p 500 or How many times you need to turn around three times and touch your nose and then jump through a flaming hoop of fire To to to get that investment right When the truth of the matter is all you have to do is own the asset I repeat again. All you have to do is Own the asset. Hold on ryan time out. I'm confused here You just said that I needed to play hokey pokey touch my nose and jump through a flaming fire hoop You you're you're really need to listen up and understand and just sit back and say okay ryan mentioned the s and p You know, he was debating an individual on the floor of the exchange You contended that and this must be the expert of all To go out and seek the services of a financial planner that of which you in fact will pay for And the investing game has changed so much In that you guys have got the guys like myself who come onto youtube And talk willingly And openly about the psychology and the philosophy of financial markets that of which is an infinite topic Infinite topic buying the s and p 500. That's about two minutes and 38 seconds of a topic If that I could probably summarize it and do it in a short and give you 30 seconds So just go buy the s and p 500 fund it up over time and you will be Much much better off in retirement than if you had never invested at all That was about 18 seconds. No hokey pokey You don't need phyllis or or or heralds advice from next door You don't need the expert at goldman sacks to suggest that you enter into a low-cost product like that You just need something that we're going to kind of talk about tonight I want you to separate in your mind What you think you understand about stock market investing and I want you to Resonate with this idea of making the conversation about money more open I want you to not be embarrassed by your money I want you to stand up for yourself and say, you know what? I I I don't need to spend like an asshole I do have a good job that of which I have earned And by nature of my choice to pursue that end I have earned the opportunity to enjoy surplus capital in my budget If we could all be so lucky As we are and and and a lot of the other countries in this world That are civilized and not struggling. Okay. I think it is fair to acknowledge The conflict that is going on in the world You know, it's it's ironic to see what has been fairly dismal markets over the last three years Overshadowed over the last couple of weeks By a stock market that has been absolutely on fire It's been on fire Subjecting my money over the last three years to the whims of the stock market would have lent itself to the last couple of weeks for me Which has seen the portfolio swing a $50,000 bill. I don't Really shake a stick at that stuff anymore. Um, it's a program I I invest knowing that the plan will eventually pay off And I know that there is a fundamental discipline to investing to suggest that You know thrown in the towel and subjecting your your money to the short-term whims or pitfalls in the market Is absolutely a futile effort Had a great conversation this morning that kind of Proves my point over and over and over again You guys who have been with the channel have evolved significantly with me Certainly have watched me engage in a less than perfect pursuance of wealth That's for sure on the channel and and Opportunities that I share through the channels to try to take a strategic shot If there's any motivation you can get from me and if you sense that I am aggressive Um in in my pursuit of financial success I'm already successful and have been for quite some many many years On other fronts professional personal dietary Health and fitness well being things of that nature very very well set in my Self-actualization phase in my life and I'm very very happy to the point where I don't really need to buy a whole Elevalot I spend way way more on stock market equities and dc yang the portfolios than any other expenditure in my life at this point And say something kind of gangster on my part. It's not for me. It's for the kids and it's for the wife You guys think I'm joking I've dead set It can kind of give you some ideas as to why we do what we do what we're going to talk about that And I'm going to post some rhetorical questions for you that that may in fact challenge what you think you understand about money Give you the green light as an independent investor to understand that it is okay to not only challenge others But to challenge the status quo in how you should be behaving with your money Um, what habits you should be subjecting yourself to What types of social norms you should just automatically buy into without any type of questioning of said buy-in to that status quo The more independence you can um be with your thought The more you can understand What those life changing Uh things are And and not sitting around and waiting for those life changing things to happen to you So you can have your buddies congratulate you because you've just had a life changing event right Because you were patient enough to sit on your ass for your life and and wait for those things to happen You win the lottery. I don't know Maybe you sell a used car and you make six thousand dollars and you think somehow that's the end all be all We need to expand our thought into understanding that the power of money takes on multiple forms and not just Buy into this idea, which is very easy to do If you are stuck in a habitual cycle of being paid dollars only to see those dollars paid out over time Very very important to understand that if you can intercept those dollars From yourself and understand the buckets of allocation For each of those dollars that you make on the inflow side of it That the outflow won't have such a negative effect over your pay in other words You find yourself paid down on on on everything But you also have everything spent down as well And you find yourself stuck in waiting until the next two week paycheck or month paycheck down the line Okay, are those habits able to be broken can they be broken? I think there's a lot of people out there with mental blocks in that they don't feel like This type of program is accessible for themselves the idea of A new version of themselves that spend less is scary to them These are all propositions that are Asking people to understand and maybe do away with that show shot of dopamine that you get From the excitement can spend in your money I often look at the paycheck and I often joke with my wife wouldn't it be great If we can just take our whole paycheck one of these months and just blow it I mean hell don't work going on, you know, 19 years of my current profession And we have been on the same routine ever since I started in this organization And a funny thing has happened over the last 18 years My my pay has went up And it's went up significantly My habits have probably at least stayed the same or actually digressed as we've been able to Accumulate those things that that really give us joy in life Save for those things that we really do put the most value on You know, I talked about those things life changing things and For us it means travel It's one of those things that we put a high level of value on Not necessarily selfishly for us, but for the opportunity that we can provide for our young children As we totem all over the world and drag them all over the place You know some of the cool places that we've been And I'll Puerto Rico the Caribbean Lots of places in in europe as well as here in the united states Um traveling and and trying to see different things I we put a significant amount of value in that money well spent, right? Where I would just as easily find value in Changing hands of stock without any real material thing to put my you know put my hands on I find value in other buckets Of of my allocation of money, but the difference between me and you my friends And this is no knock on you. This is just an attempt to strike at your discipline Is that I look at forms of money in hundreds of different categories? You look at it in Relation to two categories In flow and out flow and some of you guys are like, I've been with you a while Ryan That's I get it man. I actually do look at that. I have identified surplus Good on you the idea in this game is to understand that you'll never have it really figured out Resonate with the idea that it is in fact an infinite topic I'd like to welcome all the subscribers to the channel. We'll welcome back To the friday livestream this in fact for you guys that are new to this live stream will understand It is the fastest 60 minutes and in a few short minutes. You'll understand why be back with you in just a moment Friday man Welcome everybody into the live stream So what is exactly does it take? You know, it's so funny sometimes when I find myself in some of the situations that I'm lucky enough to find myself in and I don't I don't fit the part I don't have a five thousand dollar suit I look at some of these folks and they just look like money man They they're just like yeah, it's pretty impressive man. I look at them and You know, maybe it's the fact that I I really don't have an ego about how I carry myself I I'm very very proud of where I come from and You know, how how humble of beginnings I come from and quite frankly, it's a lot of where I Glean my perspective on money is that I do come from those humble beginnings But what does it take? What are the attributes to actually be a good wealth builder? um What what type of statute does society? dub on you to to to somehow lend your opportunity in Financial markets, maybe more than the next In other words, why do people enter into retirement financially settled or unsettled? What is the differentiating factor between those two? Lipes, okay We're all going to live nice long lives amongst us, okay? We all started on this and we were all given a boot in the ass when we came out of the chute Whether or not we were ready to start the race or not But here we are and and it's called life So this is one of those things that I talk along As far as one of those things that you can carve out in your life Once you carve this bitch out You can have it set so you can focus on that cool stuff that I talk about All right, I'm in the gym every single morning at five o'clock every morning How many of you guys did that this week? How many of you've been doing it as long as me? I've been doing it for years. I love it He gives me more energy. I don't think I could do that. Yeah. Well, you know, it's amazing what you can Get over on yourself if you just suggest look There's nothing bad that's going to come out of this as a matter of fact The scarier question is what do I have to gain out of this? What type of reputation do you have to have what type of reputation do you have to carry as a wealth builder? Um, is it is it something that you're you're afraid of? In other words, how will people view you if you do have some sort of financial security and finally What type of expertise do you have to have in financial markets? These are all the things that we challenge as far as the level of expertise that people think that they have to have the comment to me that The recommendation for people that are getting started in financial markets Have to seek out the services of a financial planner professional Is a notion that uh, I wholeheartedly disagree with I give people more credit That very statement actually impunes the very intelligence that I think that people inherently have Uh, they just need to push the go button and put it to good work Yeah, yeah Yeah, I think people are trusted to do a lot of really really amazing things. I got rebecca and the group here, right? Who is in healthcare and i'm quite certain that day to day She's probably providing service that is absolutely invaluable that I couldn't do it a lot of people can't do it because she's a professional and that's what she does right to provide that value I think the expectation of her as a professional Is one that we kind of take for granted right when we go and we seek out our medical professional services But when we look at the in financial and investing realm, it's all all too often Set up to be something that only few people can play in I totally disagree with that The power of financial markets is one that you really need to discover on your own and the discovery that I expect that you'll have Is to take that starting amount. Let's just call it a nice cool one hundred dollars Nice cool one hundred dollars And it will be that very Introduction to the market to see that hundred dollars either digress in value Or increase in value it will be the very fact that that those dollars go down to 99 dollars and you can come back and you can unsubscribe to the channel because you're going to prove a point That you're pissed off at me for destroying that one dollar of net worth for you Or you're going to make that first dollar unbeknownst to you unbeknownst to everything that you've been told unbeknownst to how you need to seek out the services of a financial planner and absolutely cannot do it On your own the very fact that you feel like you can actually introduce capital to financial markets and make it on your own with a low cost etf to the smp 500 Oh It's crazy talk It's crazy talk That money will sit at a hundred indefinitely for the next 40 years If you don't pay somebody three percent to manage that money and infuse it with a consistent cheering squad right Bullshit, it's the middleman You ever heard the term eliminate the middleman? You'll get more coaching and motivation from me for free You don't have to buy my t-shirts All right If you feel like the time is so important that you're missing out on investing study time Certainly, I would suggest you go pick up the intelligent investor or any other of the wonderful Investing books out there and start to learn this topic of your own But as far as my philosophy on money, I'm right on the money Right on the money We were talking about no pun intended Talking about some of the validation through some of the passive investing that we engage in hundreds of thousands of dollars wrapped up in In financial markets in the capacity of index funds and ETFs and you want to know something guys I give you a little secret And this is a secret of the pros Okay The people who are money managing and the hedge funds and those folks out there that are Buying stock for a living and their stock experts They're buying and selling stock the same as me and you okay And for most people out there that do not want to spend an iota of time Looking at their portfolio. They just want to establish a nice wealth building program for themselves The s and p 500 does that okay. You get established In in in financial markets the large cap financial markets and you could turn a blind eye to that investment over the next 40 years Come back to it look at it And then you'd be like, where's that Ryan guy? I at least owe him a pat on the back Right because he provided all this incredible information through the fastest 60 minutes on youtube And lo and behold the joke was on everybody else because he was putting down some pretty badass information throughout the course of you know social media Interaction with people The thing that makes me cool is I say what I want I say what is going to convey the message most clearly And I do it for 60 minutes straight which actually crushes Any opportunity that I have for google to pick my stuff up and actually think that It's going to keep the attention of these p brains that have about eight minutes and eight minutes tops To catch my message and get any value out of it I could care less. I'm not really interested in Sewing the oats for those people I'm not really interested in trying to establish A game that requires patience for people that don't have patience enough to watch me Now if they can go and deploy what I talk about they can get the message and a couple of videos from me And they can go deploy and they can really understand it because again I'm not one of those folks that patronize people. This is not hard. It's easy It's not hard. It's easy. So why in the hell do we continually subject our money to the whims of a third party? Super super important The next is who can succeed Can you succeed? You don't come from money You're destined to failure Your mom and dad never jammed that silver spoon up your ass Just like everybody else you see driving around in Mercedes Benz Three quarters of those are leased Three quarters of them are leased The rest of the folks that buy obnoxious vehicles Probably have no business buying those obnoxious vehicles. Anyway, they do it for the show of it And it really doesn't mean anything as far as the optics that I will award you I'll acknowledge that it's a nice rig and that's it. Um, I won't Award you intelligence because you drive around an expensive car that you can't afford You'll get no sympathy from me when that rock hits the windshield breaks it or a rock chip hits the door And you didn't do paint job you get no sympathy for me nine zero. Why your priorities are f'd up. It's not my fault. It's yours My priorities are just fine I justify buying stock something that can actually appreciate any value over time. That's what I justify You might come back and say, ah, you're a cynocrine. That's no way to live life. Enjoy your money I've heard that before too And I respect that I've got friends of mine that you know would consider what I do crazy crazy And and and to each his own with regard to the program that you deploy But when I come back to who can succeed the very fact of the matter is that a lot of people are entering into financial retirement financially insecure They are unprepared to enter into some level of financial security They had more potential to be realized but just realized Later on in life that they never realized that potential and it turns into regret Um So who can succeed? Is it the rich that comes from rich? Is it generational wealth? The statistics would provide you some insight to understand that? That's just not the case at all It's not the case at all those people who are Gaining wealth in life Are those people who take a personal initiative to gain that wealth and it doesn't matter if you start from zero It doesn't man you matter if you're a dipshit like me and start from the negative integer I mean I started from around all I don't know negative 10 grand Negative eight grand who cares it was on the left side to zero for you guys that are keeping score Now I have no debt Certainly a million dollar net worth over a half a million dollar portfolio I built it from nothing zero Why what separates that? Did I come from a rich family? No Was I predestined? Whatever the f that means was I was I somehow lucky? Did I have a life changing event that Thrusted me into the realms of financial success and when I say that Five years from now. I will be in a significantly much better place than I am and now In 10 years I will be in a significantly More better place than five years from now and though and so on and and that's just the way that it is Because my mindset is geared around what it takes to actually accumulate And preserve wealth. It's that simple if I could bestow it to you I would And that is very very much the essence of the channel when we come on every friday and we talk about this topic If you are a hard worker Um, does that render you eligible to financial security into your future? That's a scary question Yeah, a lot of people would suggest. Yeah, the old cliche cliches work hard. Um, and you'll get there I've seen evidence of that not being the case Um, will you need a little bit of luck? Yeah um You know, I've seen colleagues fall victim to health situations that are just downright heartbreaking And they cannot continue to work and maintain that That that way of life and and especially that Income threshold that they have become accustomed to And and they've got a really really forcefully digressed their situation So so so does hard work pay off look here's the way I look at it guys And you can agree or disagree with me on this if you'd like I I am wired in a way that gets a lot of satisfaction out of my job If I sell out And I can go through my day and I can pick two or three or four or half a dozen things that I have Accomplished during that day Now there's no one time out of the last 18 years in my professional life that I have left the office And and had everything 100 complete It just doesn't happen, especially in my profession. There's always lingering things to do. There's always studies to do There's always professional classes to go to etc etc etc But at the end of the day, I do walk away with some sense of completion in that I have put Some real effort into my day You could call it hard work I would wish upon anybody work ethic because here's the thing If I'm going to fail In other words, if I'm going to reach retirement In either case hard worker or not, I'm going to look back and say It's my fault It's my fault If I'm able to accumulate some wealth uh in in later life, I'll look at it and say That's my fault too In all fairness, right I'm kind of working toward that end. I look at it now and just acknowledge very very simply that I am on track Could could could the wheel spin off the tracks and just you know, the the stock market go up in hell and and and It doesn't exist anymore Sure crazier things have happened You know, it's it's it's one of those things to where I I've I've I've looked at all of the avenues of wealth building over the course of my life And have substantiated the um rational decision to become a participant in financial markets Over and over and over again That validation has come through real dollars earned. I talked about the 82 cents And some of you guys might think who the hell is this nut job talking about an 82 cent dividend? I talked to you about that To drive home the point that out of 150 stocks Right times four dividends per year that is 600 payoffs 600 payoffs throughout the year that I have injections of capital into my account Now you take that one year and you times it by five at that level of performance times 10 And times 20 and times 25 and it really starts to become very very crystal clear and apparent Of what I am trying to do buying into the philosophy of allowing my money to work for itself, right? Work for me Okay, without a lot of input after the initial start of that capital in a proper investment vehicle It's a beautiful thing I I love this shit. I love it Mm-hmm If for nothing else some of the attributes that you would judge a youtube creator on Would be you know, what's what's this individuals motives? What's their motivations? What's their command over the topic is fair and love and war I was away from social media For the last couple of weeks It was a very very nice break I come back to social media. I open up the comment section and it's just like hey, hey, hey, hey I'm like Interesting. I was a pretty happy fellow the last couple of weeks when I kind of blocked that stuff out You know what? I mean, that's why I do this project so intimately because I think the people who are patrons in the live stream Really do appreciate the message and they appreciate what I'm trying to drive toward What is my motive? Well, I'll tell you what my motive is a dollar earned for you is a dollar of success in the right direction Furthermore a dollar is not that much money hate to break it to you But the psychological advantage that you can gain By proving to yourself that you can use money to make money is Significantly greater than the impact of that Hubba bubba that you can buy with that dollar Or that breakfast burrito Or that small coffee at the gas station. I don't know. Can you buy it for 99 cents anymore? I don't know The impact of proving to yourself the power of that money is far significantly greater When you believed that the only way to make money is to go earn it by a salary or by an hourly wage My friends, I'm here to tell you that there is a much bigger perspective out there in what you think you understand about money and starting to identify all of those expenditures and understanding that when you put that spigot Into your gas tank that you understand And The impact of that decision to pump fuel Ryan I buy a tesla Fair enough. You're missing you're missing my point all together Know where your dollars go and know why they go there furthermore Know where they're going in so far as understanding how much surplus capital will be left at the end And make that your pledge to yourself to actually start on a wealth building program It's really simple when we start to revolve around the psychological perspective of money Because the shallow perspective of money is coming to me and asking me to give you that magic stock That's going to take you to the moon in a week or six months or Here's a dagger in the side three years Yeah Well, I had a comment come through the channel just tonight a review. It broke my heart. I lost all my net worth on highly unholdings Really What what what in the grand scheme of the 2000 pieces of content that I put out Would suggest that you take and dump all of your money on a speculative Spack come to public markets without any top end revenue profit projected profit projected positive margins or a product to boot and would somehow suggest that The only solution that you have because you've lost your entire net worth Is to hold the stock that is even more speculative now than it was before Yeah I'm fine I'm fine It's an isolated stock position amongst a total portfolio that is ironclad And a perspective that is probably 10x as ironclad is the portfolio as as as as it is Because I'm the administrator over that program And very rarely do I ever find anybody that is as ironclad as me in my application Guys like myself can absolutely buffer a bad beat like that And I would expect a little attitude on the channel like that too because in five years It's not going to happen matter It's not going to matter I think for you guys that understand that your part is something special You truly understand That the expectation of me is to come not come on and deliver perfection Now I will say this I will say this And I have been fine tuning Some of my dialogue on the youtube channel to focus in on What is right? I got sidetracked and um The what the the Opportunities that were brought to me Were brought during a time that I was a little more subjected to taking on those risks That my friends is over that will not happen ever again um You know, am I still involved in the trade? Yes, I'm involved in the investment. I'm happy to do so I'm disappointed in how things have unfolded however I have taken some radical steps to Get back to roots and and I say get back to With with some sort of an an illusion that I Moved completely away from what I have Proven to work and what I have taught upon on the independent investor channel I have consolidated my accounts um, I have have liquidated my robin hood account. I don't have it anymore I've liquidated the weevil account. I don't have it anymore I've liquidated the char Schwab account. I don't have it anymore I would have liquidated the bitcoin account but bitcoin caught some fire So I decided to keep that in there albeit. I'm very very disappointed with that broker In that pulling your money out of it is very very difficult. It's like an act of god They make it super super impossible And if I have any Opportunity to blow some fire into the upper management's ears on that I will absolutely do it because there's no reason for it However, I'm making a crush on bitcoin right now. So we ended up keeping that account M1 finance is one of those funny accounts that if I were going to give you my honest opinion about I love it I love it for all the reasons that I loved it on the onset of entering into m1 finance And I love it more now when I look at the results in those portfolios and there is merit behind it Come on I talk about these philosophies of investing and putting your dollars in a program that works It's validated every single day through the application made possible in no short order By m1 finance and I love the accounts. I will keep them and definitely I really like them And now once the accounts get up to about 100 grand I made look to swap them over and do a very arduous liking kind transfer back to the brokerage account But until that time I'm going to continue to dollar cost average those accounts I really enjoy them and then I have the primary accounts And I'm and I'm looking to Strategically fund to cash That's another one of the things that I'm doing right now is funding to cash Um, so build cash reserves. I have trimmed some risk in the portfolio Um, closing out what was the the SPAC uh era and and closing that down Uh, in a relieved way, uh, and if that stuff which I am anticipating and presuming that they come by the channel, uh, again I am going to Absolutely Lose my effin mind If people want to challenge me Anymore on what I talk about on the channel through fundamental passive investing and dollar cost averaging That is done That is done Okay, because for that one person Empowering one investor at a time Doesn't resonate with people Then the message is not for you. You can go somewhere else If you want to be part of a channel that the channel creator Knows not thinks but knows is correct Uh, and where I was misguided before to accelerate that path That right there was the misconstruence of my own personal message Um getting a little bit over my skis and it happens. It absolutely happens, but As far as the fundamentals that scale to the masses and passive investing It absolutely works and I am going to be steadfast for the remainder of this project. However long I do it Uh teaching upon those fundamentals because They're easy um and they're fun and making money is fun And acknowledging that you might make an anemic 8 to 10 percent rate of return. Hell you might go through some years Where you actually lose 20 percent just as early as 2022 last year I don't give a fly an f What you think about that program? Because for the people that want that instant gratification out of the stock market I'm here to tell you that by pursuing those ends You will be ignoring the very fact that so many people ignore out there And that is the importance of acknowledging that there is two sides to the coin It is a double edged sword In that you invest not only to make money But to also be careful to buffer your money and put on the best defensive posture that you can over your money To make sure that when markets turn south right and when Fads come and go That you're not stuck on the opposite side of that fad Uh hoping That at some point your net worth returns to something that it was before you entered into that fad Okay, and that's just not going to happen. It's just not going to happen ever again The last thing I will uh suggest is to continue to fund markets We are heavily funding and we have over the last three years. I have engaged on a very very robust funding schedule Funding to the tune of moving Money into ETFs and passive investments within the Roth IRA Setting some strategic parameters over the Roth IRA so as not to put a lot of aggressive investments in the Roth IRA To make sure that that capital is given an opportunity to grow over time. Yes, but also Um protected to the downside and that that wealth is is preserved over the long term To establish and continue to pursue dividends Um I I hate to declare this over youtube but not really but when I look at that dividend portfolio I cannot come on to youtube And tell you that there is any negative behind it You're going to underperform the market. Don't care Don't care. It's my program. I'm making money. I'm doing what I need to do. All right Um, I don't need to make your expectation for my money All I need to do when loser draw In no short order is to meet my expectations over my own money and by consolidating the accounts We believe that we have done that and look to become a much more razor sharp in our application And much more careful with our application as far as you know, things that come and go and and and I will still continue to speculate I will continue to invest in the aduro clean technologies of the world I'm still invested in highly on And and and and we will continue to continue to to monitor those markets once they end up turning for opportunities going forward Because I enjoy it and the etf bucket Of the portfolio is set It's on autopilot I put zero effort into owning the dividend appreciation fund and my Roth IRA I put zero effort Into owning the hundred shares of smp 500 b o o in my wife's account There's no effort into that if I want to buy the markets. I do it. I monitor it if it's down I buy if it's not I leave it. It's that simple. There's no more that needs to be done over that In way of seeking a financial planner professional to somehow I don't know fluff my butt every six months and say yep You're doing a great job, buddy. Keep it up. Stay invested in the markets because when you stay invested I make money That was the kitten fisher Turn around slogan just made in a little bit different way, right? Um, I don't know why we let these people off the hook and I don't understand why we don't scrutinize them more That's where I come in. Don't worry about it. I'll scrutinize for you. All right but Why do we care and I talked about entering into retirement someday and and and make taking the steps now to gain a little bit of discipline to Accelerate or evolve your understanding of money and it will evolve over time You just need to put some fundamentals in place so you can start to practice this as a discipline Because that's what it takes it really just comes down to discipline when we apply our our program We talked about how to succeed and then where to go for help You know, this is an interesting one And and my answer might surprise you guys and then I'll kind of get to some questions and we'll look to wrap down the The live stream will be off next friday. I've got a fly to the west coast for an obligation So this will be the last one For for a couple of weeks here But where do we go for help? You know, my answer is really gonna surprise you and I hope it resonates with you And I hope you take it with me as as one of the many nuggets that you'll take away from the friday live stream this time around You might say, oh, it's you run. You're awesome. We turned you for help Look, you can come to me as an example of somebody who appreciates money Who who who exercises his own personal discipline? On a daily basis Someone who who respects the power of money and and why we do it to avoid regret somebody who selflessly Invests as aggressively as he does with the understanding that potentially that wealth is being built not only for me but future generations Right All that said those are attributes of why you can tune into the message and enjoy the message and feel like you're part of it Talked about earning those dollars and and every dollar earned is a Is a movement forward that is very very powerful when we start to prove to people that you can use money to make money What a concept But where do we go for help? You really have to go and look with them I can motivate you. I can provide you counsel. I can throw some funny jokes out there about hokey pokey and fire Bloops and hubba-bubba and shit like that. I'm real funny, right? But at the end of the day, you really have to look within and and and and and get yourself Convinced that this is something that you want to do Don't think for a second that you're going to come into the channel and you're going to hear something from me In way of motivation that's going to last you for the totality of your life I'm not in your ear every day. I'm not in your ear every second You are You're the one that has to deal with your scenario your circumstance Nobody knows you more than you Nobody has the potential To sit down and evaluate Your personal opportunity Your personal potential And and and more important to understand your own personal pitfalls What are you most scared of? What do you? Want to do How do you want to do this? What type of investor do you want to be? You will be the best person to answer that question. So when I talk about where to go for for for advice The last thing that you're going to hear from me is to go to Maryland or or or Goldman Sachs or Morgan Stanley And I I have enough Wherewithal about myself to even suggest that perhaps maybe I'm not even the best source of information And I certainly don't tear down other youtube channels to suggest that they don't have the answers for you either I would just put quite simply that you need to look within and you need to find that personal motivation Um, I've got it I've had it for years If it's an attribute that you aspire to and you respect about me on the channel Then you're seeing the right stuff, but make sure that you're deploying Your own personal program for all the right reasons for you Let's get to some statements here as if you got any questions leave them here in the comments section I got Jared's in the house Mani says hello a great good evening to you my friend Is glad to have you I got some vipers in the group here investing over time as an eye opening experience for anyone Because it makes you face a lot of realities on how the world works I think in the investing world jamie I I think it just Gives you the opportunity for mental conditioning Buying markets when they're down is an unnatural thing When the markets are doing really really bad, there's nobody at work that comes to me and says Ryan are you buying markets now? Well, that's the very time that people should be coming and being like, hey, ryan, you're buying markets now, right? And I'll be like, yeah, hell yeah, of course. I am you. Yeah, of course It's not like that. It's times like these that people are like Hey, I this year at rally. It's been going for the last two weeks Maybe I should like hyper buy the market now and I'm like, I don't know. I've been invested in financial markets the last 30 years I don't know just another day to me. I don't sweat that stuff No problem I would be more apt to actually save aggressively to cash right now with the market up huge As opposed to just panic race into the market because it's up I'd be less apt to buy now that it's up But to your point absolutely these are the very disciplines that we want to revolve around and teach people That it's okay to revolve around these disciplines and look to strengthen Those disciplines very cool. Would you listen to first a random youtuber or kramer? Uh, neither Neither. I think it's a fair You know, look you can listen to all kinds of people Okay, I'm not I'm not suggesting that you you don't you don't want to try to self Educate yourself on the topic Resonate with those things that really make sense to you But man alive you have to operate with some caution because in the money game there is a lot of There's a lot of Hidden agendas that exist with financial planning through fees. There's a lot of agenda You know jim kramer has a product that he is selling as well Dave ramsey you guys don't don't think that Dave ramsey has a product to sell Come on guys wake up smell the coffee a little bit, man Um, I just choose not to buy into any of that crap None of it. Who would I listen to first me? By far There's not even a close second The most helpful investor and most influential investor for the independent investor ryan yours truly me has been tony robbins Not a financial analyst Not a stock market guru A life coach simon cynic These are the personalities that I would Listen to because they talk about the psychology behind buying the hubba bubba and why I feel so good for 37 seconds after buying the hubba bubba and Have that shot of dopamine and that sugar rush when I chew hubba bubba and what that means to my bottom line I'm more interested in that type of Deliberation and understanding and that's certainly an insight on You know whether or not everybody should blindly follow warren buffett coca cola is a bad for you Coca cola is not healthy Okay, as as awesome as it looks during the berkshire call and both him and charlie are up there Drinking coca cola and chewing on bonbons or whatever the hell they're chewing on all the time cab barry or whatever the It's one of the chocolate companies. I I forget it Those things are bad for you Coca cola is bad for you. It rots your teeth Okay, yes, they have an established moat. I I get it, but at the end of the day All right, you don't have to blindly follow these people just because a youtuber come on and says You know these youtubers are all idiots. They don't know what they're talking about or boy very very few people actually Excite me anymore. Like what's that about? I don't think anybody is that special on youtube and I don't care if you have a million subscribers Or if you have 10 it it just doesn't bother me that much I I think everybody needs to get over themselves and realize is that the stuff that comes out of their backside Smells just as much as much as the next person. That's what I think That's my two cents for sure Somebody told me the same thing. I wonder why he said he lost it all While I sold and took all to buy blue chips and undervalued dividend stocks I tell you what man jamie. It's like I I'm constantly deliberating on the what I've done and What I should have done and what I shouldn't have sold and what I should have sold All of those questions are removed quite simply By buying the highest quality assets out there and if you didn't even want to do that to just enter into passive investing you know If that's your game, I would even introduce the possibility of mutual funds getting you to a specific end I'm a very very low very low maintenance and oversight toward owning a mutual fund right the longer you own it the better it should do for you indexing and ETF investing as well with the low-cost avenue of passively investing markets, but I tell you what my brother it is the golden question and and financial markets are not one of those things that That that there's a swath of people who have it all figured out You know, it's amazing how something like the stock market can be right in front of a lot of people's face and still look to trick Even the foregone experts in financial investments It just it's a it's a quite an intriguing thing And so the idea is to corral financial markets not necessarily Control them Or look to beat them. I think once you think you can accelerate Or or or start to game the system and and get ahead in that capacity I think you'll find quickly that you're probably a little bit over your skis You need used a little bit too big for your britches and look I'm not saying it's not possible But from my message and scaling to the masses We need to talk about fundamental wealth building and I tell you what well at the end of our lives That we are gifted will be better off for it risk mitigation. You've always stressed this on your channel And that is so important yet it falls on deaf ears. Unfortunately. I do feel like it falls on deaf ears I think when people do look at let's say s&p investing they look at it and they're like I want more than 10 percent Okay, you want more than 10 percent. I wish you all the best in the pursuance of that outperformance What I would suggest to your point is that people do Invest in other capacities and they miss that defensive buffer of trying to pursue not beating Or underperforming the markets rather meeting the markets or matching the performance of the s&p If you invest in voo for 365 days, you're going to have the best chance of mirroring the performance of that market Now what's funny about that is out of those 365 days if you took two days off And you sold everything and that was the two days that that those markets look what it's done over the last couple of weeks And you missed out on a couple of points of appreciation That can really hamper your hamper your bottom line So it's to do or not to do when you're looking at long-term investing and it's very very important Um to stay the course and get that time logged in the market to get the maximum performance out of the market but yeah, it's that downside protection is super super important and it's one of those things that Man alive when you invest as long as me You've gone through some real swoons in the market And the real solace in making sure that I could see my way out of those markets Were the fact that I was passively involved in the s&p 500 What do I do now? What do I do now holding a single stock that has really no promise of turnaround? What what do you do? Is there a light at the end of the tunnel? No, there's not and if I'm the only if that's my only holding in my portfolio It can be a real drag and it can be a real stressor man. It's um It's really tough Andrew says he's joking about kramer poking fun at the youtubers too for sure You know that it's all good Truly, I invest in things that I think the planet needs when solar batteries the materials involved recycling and renewables mostly Yeah, you know have some Have some interest there to define your investing style is important for sure But but but also understanding that just because your interests are in those different categories Perhaps maybe it's understanding just humbling yourself to the to the whims of the s&p 500 I mean international paper a company that nobody has ever heard of before You know might end up outperforming And and and the collectively the s&p ends up performing From a group of stocks that you've never even heard of before and it really does Augment that year over year performance factor that we're looking to place over our money to get that compounding interest started on that money So very cool stuff. It's great stream. We enjoy the message to you in a few weeks, man. I appreciate you and I appreciate the Support of the message for sure. Hope this one hit home This was probably really one of the most important live streams that I've ever put down I was on point tonight For you guys that made your way into the channel you you were in for a treat Hopefully that that really does help you not accelerate But help you evolve over time no matter how much time it takes it's important to make sure that we're putting in that ample time To make sure that we're we're progressing toward a productive end And that's really what we're looking for man to end up in a place better than than where we started And that's the key So when we look at the power to change lives, I would contend that in some small fashion Maybe even in a large capacity The independent investor channel and what we put down here in the fastest 60 minutes for a lot of people And the scalable message has the opportunity to do just that and will continue to throw down Again, I remind everybody if you like the message subscribe to the channel certainly I appreciate each and every one of those devote subscribers to the message will be off next week We'll be back in two weeks guys. Be well. Happy Veterans Day this weekend. Be safe and we'll catch him two weeks