 I'll take this opportunity welcome everybody back into the independent investor channel live stream Super super glad to be with you guys here for the last live stream kind of closing out the summer and and the spring time Been on a pretty good streak We put out this product very very frequently and we do that to footstomp the importance of Making sure that we're using the power of social media to get to those folks that need to be gotten to If you're one of the out of every two people that don't invest Slight majority about 55% of the people out there Have some form of stock market exposure whether it be through their employer or whether or not they own stock As a layer in their portfolio or layer in their strategy Then that's great. But if you're not want not one of those people and I say that investing isn't for everybody out there But I think there's a lot of people out there that Really could benefit It really could help streamline your discipline a little bit in your in your day-to-day application a Lot of the wealth in in that statistic is held by the people who make over a hundred thousand dollars So the reason why I'm so adamant about pushing out this message Is that it becomes a lot easier for people even if they're a little bit Undisciplined with their application to identify that surplus capital, right? I aim to advocate for those people who need to have an advocate Okay, who need to have some representation in the game and say, you know what? Anybody out there that's making less than thirty five thousand dollars the statistics are staggering it drops to about 19% of those people who are low-income earners actually participate in the market Why is that and a lot of people are going to come back to me and say well that what's because we don't have any money, right? And I beg to differ. I think there's probably some work that could be done on the discipline side I would go so far as to say that those are the very people that need to invest Those are the people that need to be Operating on a little bit more frugality in their application and how they spend and how they make decisions About how they deliberate start to get some goals aligned for yourself and start to meet those goals Not just set them up, but meet those goals. Who cares if it takes you longer, okay? so to identify and advocate for those people out there that may fall into that category of Not investing at all or maybe even falling under that category of let's just say less than a hundred thousand dollars I've never made over a hundred thousand dollars in my entire life and I am a blue-collarie seller salary worker So I fit into that mid-range of representing a lot of people here from the sample community I want workers in my group. I want subscribers out there who come to the Independent investor channel and feel like I can relate with you Now the channel is open via social media to all parties that want to come in and talk Financial stewardship etc a little bit more spending discipline and yes Maybe some ideas on strategy on how you can make some sense out of the stock market. That's all good and plenty But my message really does aim to get to those people who really need this message that they really do and I contend that if we stretch far enough and We put that out there enough for people to really relate with people and say, you know what Ryan says I can take a couple of dollars and put that to work for myself He says it's okay if it takes a while to build up a little bit But I'm tired of being down I'm tired to be in on in that statistic of people that don't participate in wealth building Right. I kind of have an idea of what's gonna happen if I don't participate Maybe I should start asking myself the question of what would happen if I do Participate in a wealth building strategy for me and my family me. I'm kind of a selfless person I work for my family. Okay It was just one person in the thread who I hold in the highest of regard and that is mr. Bob He's in here every single week just an absolute devote subscriber to the independent investor channel and an ambassador for the message of taking in whatever capacity you choose ownership over your own money, but he was talking about, you know Alluding to you'll be rich in the future. If you do end up seeing your career through I want everybody out there to look at their strategy as being Valuable in and of itself you can be that $35,000 a year earner and still look at those buckets of wealth as being Strategic buckets of wealth. It it doesn't necessarily have to come in the form of a large number Okay, we always want to differentiate between the pursuance of wealth and and and making sure that by nature of Engaging in a wealth building strategy for yourself that it is in fact only wealth and wealth alone that you're looking to achieve Okay, it's not going to be the achievement of a huge number that's going to provide you happiness in this life I it's it's the God's honest truth. It is of course an opinion that I foot stump all the time. I Do that for a reason. I don't mean to impugn those folks that are Going for that large number or trying to become that millionaire. Yes. Yes, you will indeed be wealthy Okay, but I think there's more to it in that the pursuance of wealth Doesn't necessarily mean that you're achieving Real happiness in life real meaningful Relationships in your life. Okay real spiritual actualization the ability to Set yourself apart amongst your peers right be a little bit self-regulating in your application Freedom it's one of the things that I responded to mr. Bob is a good friend of mine Man, he comes on every now and then and he talks to me behind the scenes and it's it's very very refreshing to Speak to that generation who's been there and done that who's worked in and earned That very thing that I feel like is isn't a pursuance of wealth in that capacity It's the ability to to say wow, I've got some I'm content. I'm content with my life. I'm free now. I can do what I want. I'm you know, I I've I've earned that right And I I think that's a a really amazing thing and I think unfortunately in this environment There was some Comments in the thread here about this stock market right now. It's not an all-time high that that's that's wonderful I typically don't get overjoyed just like every pundit on the tv that's coming through and trying to get people fired up on investing because If the market starts to show some signs and we had that just as early as monday It seemed like a long time ago When the market at one point was down 900 because all of a sudden the variant delta Has has come back into the world and the world's going to hell in a hand basket And if you pay particular attention To what they're trying to sell you through the social media not necessarily social media But definitely mainstream media it's almost become predictably laughable anymore And that's a big reason why I actually shut that crap off and I don't watch it anymore I I'm much more of a happy person away from At least the mainstream media and then my social media engagement really is is codified during this 60 minutes on youtube through the independent investor chat live stream because I get to engage with fantastic people. I see some of them in the group I see david oldenberg who's just popped in my good friend from the west coast David mathis rub I got becky and the group here who's just an absolute sweetheart So so great to see you guys and many many more. I've got frame of mind here and financial options We are going to spend some time getting to some q&a. So if you have something that's absolutely burning Throw it in the thread here. I will try to get to most of that this evening You might be kind of surprised by my perspective on this deal because unlike a lot of Common group think and investing I'm not one of those fellows that buy into that and I don't I don't do that to be a cynic. I don't I just Really do quite frankly disagree with a lot of the application that's put out there because there's a fine line between Putting out propaganda because it is elegant to do so But when it is looked at as far as its usefulness in nature It becomes a a lot less elegant and I Question whether or not people really are tuning into social media to really get those granular answers to their question with regard to wealth building And I would encourage each and every one of you to Identify what it is that you want out of this opportunity For you for you not anybody else in the thread Not anybody else out there in answering the question of of why it is that you do this Okay, because investing in its purest form Is the pursuance of wealth. Okay, not the pursuance of happiness. I really want you guys to differentiate between that I do want to roll out a special treat for you guys We'll kick off the friday live stream. Welcome. We'll allow everybody to get in here Make yourself comfortable. I I'm actually having a celebratory drink this week As per my 16 years actually and it's gone by so fast so fast and it's just been An absolute honor really I was explaining today how um, it there's never been a day for 16 years that I haven't woken up and Been been happy to Go to work and and and serve in the capacity that I do Because there was a certain time in my life where I was void of that And it's all I ever wanted so welcome to you guys. It's going to be an awesome live stream. Stay tuned and we'll get right into it A bit of a homage to the company that's uh Like a sleeping bear in the portfolio. Actually, it's a neon green sleeping bear. So Um, it'll be a lot of fun. We're kind of at a neutral place in the stock market We had our passive investments obviously do do very very well with the market at all time highs here But before we get into the portfolio reviews, I I do want to earmark Some of the separation and in your mind while I've got everybody's attention I've got 50 strong in the live stream and each and every one of those 50 in here might hear something that I say That can really resonate with them The title of this live stream is save versus spend And I want you to ask yourself what side of the fence you're on. Are you a saver? Are you a spender? I would say that in all actuality to help with that answer It's probably a lot of people out there that are a little bit of both And this will help you kind of draw a distinction whether or not you're super frugal Or you're somewhat reckless on the other side of the spectrum So that'll really kind of help you justify the investing opportunity Because the more you can lean toward that frugal Application when you're looking to justify and put value In saving versus the spending element, okay The better off you'll be and I think when we draw that distinction between those two Very very simple things and I think all too often we don't take a few seconds to say man That's all I do is spend I don't save anything at the end of the Month the paycheck is absolutely dissolved away and I find myself with a gap period Between waiting until the spending is complete until I've got that inject again in the paycheck and I can continue to spend again But I really want to draw that distinction and kind of where you are along that continuum of comparing those two Equal forces. I think when when we're talking about Financial discipline 101 really the financial stewardship application for your gut yourself Second thing when we start to get into the deliberation is the comparison between Buying stock the actual buying stock. What what are you buying? You can you can google this definition a lot There's 500 youtube videos on what you're actually buying when you're buying a stop stock What I find interesting is the difference between the purchase of the stock and the justification of purchasing said stock when compared to buying Stuff How many of you guys put a ton of value in stuff? How many of you guys can earmark five things that you bought five years ago? And you still have and you have the same level of conviction in that purchase After five years Then you did the day that you bought that item. I I think you would probably struggle with naming five things A lot of you guys are out there thinking. Yeah, okay. I got them ryan. I got my house my car I'm struggling It's important to really think about those things and when we think about the stuff in our lives And we start to think about that long the ability of that stuff to survive over the long term In other words, what's its longevity factor? I think it's amazing when we start to analyze even within a five-year Time frame how most of the stuff that we have either ends up on ebay Or worse ends up in a garage sale or maybe even ends up with a donation to help somebody less More needy than we are out there And that's all great But the distinction between the stuff and justifying the stocks out there Stocks over time do nothing but get more valuable. Now. There's those anomalies and investing does come with at some risk, right? And that's okay But when we look to draw the distinction between whether or not you're a spender or saver Okay, and whether or not you're spending all the time to justifying the stuff I think you'll quickly realize that the It's really an exercise in futility and that there's there's really nothing That's going to come out of that over the long term in other words We buy we have that shot of dopamine when we do end up buying that item. It's exciting We might use the item for a couple weeks. I used five years But I think a lot of you guys probably would struggle with saying, you know those things that you've got that have really stood the test of time and dare I might say Take those same five items if you were able to even come up with five and say Which out of those five items are worth more Now after five years and exempt yourself from the house I'll give you one for it for for credit the house is probably one of those Very few things on that list that has the potential over the long term to appreciate and value, right? But it is one of those two things that I put in that investing category that has the ability to Actually make people more wealthy love longer. You hold that asset. It's a beautiful beautiful thing So when we differentiate between the two, I really think that's super important. All right Um the discipline versus the delusion. This is another Really interesting Comparison between these two. I think when you're looking at your discipline, I think a lot of people want to buy into Well time in the market is Better than timing the market in other words if you just invest and you just hold for your entire life You're going to end up in a place that's better than where you were when you started investing I agree with that philosophy I'll give you a little bit of a takeaway a little bit of a nugget This is from my own personal application and there's going to be some people out there that may disagree with this That's totally fine. I think there's a lot more out there that is available via the stock market available and accessible by each and every one of you guys um, there's no The the stock market doesn't um It doesn't keep people away that want to participate in other words if you justify this game and you want to get involved You absolutely can The amazing part about it is you can get invested for the long term and that's what I think everybody should do to start Do I think you should stop there? I really don't I think you should at least entertain the opportunity of putting a multifaceted Discipline in place for yourself. Okay, let me give you an example If you wanted to do the employer sponsored go ahead and do it then start to ask yourself Hey, ryan mentioned this rathai array element for myself start it for yourself if you have a spouse start that Start the layering up ryan talks about savings all the time when we declare the portfolios tonight Do you guys you're going to see that? I'm in my biggest cash rich position that I've been in this year A lot of people are going to say well, you missed the run up in google today I did I did and and that you know what I've rather been in the stock Yeah, but I don't I don't really think about the stock market that way. I was just telling somebody this week I said I used to play 21. I used to gamble a little bit Now it makes no sense to me because I can win almost 100 to the time in the stock market Just by nature of the ability to control Win and and how I cash in my chips Right, so just makes sense to me. I don't get married to a stock. That's for sure Remember my pursuance of wealth is singular to my pursuance of wealth My my my application isn't to beat the stock market because I have an ego problem, right? I understand full well that at some point I'm going to buy a stock that actually can you believe it goes down in value Okay, and many many times that's happened and be like, hmm. That was an ill timed buy fine and fine and dandy We're going to become an investor in that company until we can get back in the black Just some of my deliberation some of the insights that I give away Just openly on the live stream and I hope you guys appreciate that The delusion I don't want you to Misconstru because I think there is some imagination I think there is some critique creativity in stock market investing That can really allow you to branch out in your application Case in point. I'll cover the I trust capital Roth IRA that I have I'm holding just a dab at bitcoin less than a half a percent to the total portfolio value In some bitcoin some ethereum and some cardano There's the only three cryptos that I own just offer. This is a an example This isn't hey go buy crypto next monday This is just an idea of my ability to be a little bit creative in my application to say You know what I think there's probably more benefit to do than not to do Let's go ahead and put it a little strategic inject in there Now when I did it dropped 300 dollars and I was like, man, this is awesome This is what everybody talks about with crypto how volatile it is just looked at it today I'm back up above my original investment and we're good to go. We're back in the black just by being patient But trusting that that discipline is there utilizing a little bit of creativity a little bit of Disciplined awareness in your approach. Yes, but always avoiding being delusional in your application I think delusion can sometimes get a really out of hand. I think it's rampant across the stock market I really think it's unfortunate because remember how I talked about all those folks that were less than a hundred thousand That by nature of statistical renderings are not invested in the stock market I would go out on a limb and say that those people are probably the most vulnerable and the ones that are the easily Easily influenced the most right those are the ones that really need to get involved with a disciplined program And if you can block out all the noise It's probably in your best interest to go ahead and do that anyway You want to be focused on that multi-layer Strategy, okay, if you've got the discipline enough to say I like what Ryan's talking about. I've got the home I've got some equity. I've got this. I've got that but I don't have this this and this Maybe take a little bit of discipline to deploy that program As a layered approach to building a real nice comprehensive basket of buckets In your wealth building So when we talk about the focus in on that once you get a defined process and it makes perfect sense for you and and these are the things that He might be thinking what do you mean by different buckets? Well, anybody can start a checking account anybody can start a savings account Anybody can start a Roth IRA account Anybody can start a taxable brokerage account anybody can deploy a passive strategy Anybody can start a dividend growth strategy. I've pretty much covered all the genre of what could Apply to you guys some of you guys might say well, you forgot bonds That might be fine as long as the bonds are meeting that wealth building end See, that's the problem with bond investing is Why and a lot of people have a hard time You know explaining why it is they're entering into bonds now if your reason is wealth Preservation and you're sitting on a ton of capital and wealth growth or wealth Accumulation is not your strategic goal anymore then it can make total sense for you But the idea is to identify all of those different multi layers in your strategy And pick the ones that make the sense the the most sense for you and for a lot of people That is really just starting with the passive element. There is no perfect element out there Okay, so have fair expectations when you're looking at applying a program and finally I will just say this The key to your wealth building if you invest in the stock market In whatever capacity you choose Through going through the deliberation and saying what side of the house am I on? Am I a saver or am I a spender? Do I like more stuff? Do I have any stock am I one of the two people that ryan talked about that? You know justify buying a lot a lot of stuff in my life and I don't own any stock. Okay Ask yourself when you get to the end of then i'm and it's just going to tell you what the secret Sauce of this whole thing is is your mental strength. Okay, it has to be your mind Over the matter. Okay, and a lot of people get caught up in that matter And I think unfortunately a lot of people can't answer the very simple question why you invest Why are you investing if somebody comes back to me and says ryan? I invest to build wealth I'll be like now that's sharp. Can you explain a little bit more of what about what you mean because that really is the only answer Okay, now for me it's to invest for wealth to provide financial security Okay, because i'm looking at creating some generational wealth that means something to me So it's an element of what I look to Achieve down the line in my financial strategy down the line It all comes down to and boils down to the ability to gain wealth more wealth than what we have now Okay, I'm not looking to get happier by growing my number more than what it is now I'm not looking for spiritual actualization in the stock market. I'm not looking for that I'm not looking for that at all. It's a matter of fact. Okay. Am I looking to achieve wealth? Am I looking to achieve riches? I feel like I'm rich now Right, I commented back to the gallery and I actually feel that way right now So when you're applying your strategy, don't ever underestimate the power of your mind Over matter the matter being is I can't do it. It's too difficult. This is too confusing I don't have enough experience. I can't do this. I can't do that. I can't do this I can't do that And I would say this rhetorically you wonder why the majority of people Making less than a hundred thousand dollars, especially less than 35,000 Do not justify for themselves and are steadfast in their program getting involved in a wealth building strategy Ironically, those are the very people that need to get involved. So let's jump into some portfolios Rip this out. I was actually very very surprised at the renderings This week. We'll throw The taxable brokerage account up here first. You can see here. Obviously some very very Large cash positions. I'm completely fine with this at this juncture and you say well, you missed out today Okay, I'ma said this many times I do not judge the stock market success After the renderings out of one day in the stock market I I think we may go on our euphoric frenzy just like we have over the last 12 years I don't think there's anybody out there that's invested just anything less than 12 years Who can actually have the mental aptitude to understand what it feels like to have your money go down I just anymore and I'm happy for you I I I don't want you to be subject to a downturn to lose money However, I do not want you to look at the stock market as just a one directional thing Because the stock market can in fact go down. It just so happens that the economy right now Is is very very strong earnings are very very strong Big tech was Really big this week and that's really a large portion of what drove the market as well as value values up huge And uh, it's really acting as a nice supplement for me in the portfolio But we are up week over week odd. We were up in every single account week over week The overall value that I was able to glean did go down just a touch So it's fractionally down a little bit on the total overall value But here we are with a pretty large cash position here in the taxable account And a few long value plays as well as my speculative position highly on I did swing trade wish successfully again this week Got cold feet exited the stock. It was the right move Got to exit the stock up above 10 and here it is below sub 10. It's too bad too. It's a nice company I had my options roll off But it's just not one of those that I do I would like to invest in it in a lighter capacity It's just I don't want too much speculative growth in the portfolio at this point With a big portion of the holdings in highly on right now So here's the Roth IRA one nice clean Myself into my my own live stream. That's pretty cool. You guys get to see the behind the scenes Give me a thumbs up if you guys got me now That'd be awesome. This is what a green screen looks like This is awesome. This is what I talk about when I talk about the power of social media And it is by no means perfect Awesome, I think I'm back with you guys. I've never had that happen. I had a little bit of a Shutdown just to the conveyor. It wasn't a power surge. So I don't know what's going on But hopefully I'm back with you guys. That's awesome. So I see some of all the questions in here I thought I was going to lose everything. So that that's awesome I do apologize for that, but it's the power of technology and I'm hardwired in so Anyway, back to the portfolio review and hopefully that That is good. If you guys are back in the gallery, give me a thumbs up and let me know you guys are good That would be awesome Otherwise, I'm going to continue and roll this out as appropriate because I think we are live right now Let me know I'm live Christian, you got me The one percent didn't want you to drop the knowledge for the night. I know maybe they banned me from from from youtube Bob says I'm good. Thank you, Bob. I appreciate that I don't have a I don't have a boom a boom operator here. So Verge says he's good. Let's go highly on verge is my highly on highly on ambassador. So Fantastic, so I think we are back here. So let's jump back into the portfolio review That's kind of cool. You guys got to see what a full shutdown of the live stream looks like that's great but Here's the portfolio a little bit trimmed down a lot of value in the portfolio And really just kind of taken a little bit. I'm really curious over the next couple months how highly on rolls out And I I think if it does what I expect it to do it is the investment of a lifetime for me Okay, so I don't mean to You know take away from the magnitude of that. It's super super important So what it could mean is a leveraging of the position and Really taking some of those House dollars and rolling them into another opportunity. Do I think the market is going to stay on fire high for the rest of the year? Yeah, I'm not really sure. I think we may be due for a pullback at some point You're usually wrong when you try to forecast that stuff and that that's totally fine. I'm totally good Remember how I talked about the discipline and the application. I have a lot of buckets that are working passively all the time And I have no problem with deploying different strategies in each of my buckets and I don't compromise those strategies. I don't I let them roll and that's really what takes Gives me a lot of comfort in knowing that those are working While I'm trying to build wealth and a little bit more of an aggressive style in some of my other buckets in the portfolio. So That what we'll continue to do that. That's totally fine. Let's jump in here Continue on with the portfolio review. This is the second Roth IRA account Somebody mentioned alibaba. This is just how the holdings shake out. This is yeah There's going to be some work to be had here, but I really want to put this portfolio on a plane I'm going to put it on ice for a while and just monitor the position because Um, the the value that I see in the aggressive growth Portion of the portfolio is is is really quite good. The value in the passive right now is good But but where is the upside in the total market? element We'll see I'll win in either market. It really doesn't matter if it goes down I'll have a pretty good amount of fader Aside to take advantage of that downturn if it continues to go up We've got a pretty sizable position still leveraged into the market. So I'm happy. I'm happy. It's not perfect It's just I'm happy with with where we are right here Here's one of the littler portfolios. This is the sector specialty portfolio. It's doing quite well This is this is just clicked over the $5,000 mark Of earnings not too bad for a little account. I started this with a very little amount 1500 or so two years ago So just to put this investing opportunity in context for you And what I was talking about at the top of the live stream with a lot of people out there that that are that are not invested in the market It it speaks to What is possible? And I think when people look at a message like mine and say man, you know, I would have never thought that I could do that In two three years five years. What if it takes you a little bit longer? You know, what if you cut down on the dollar cost average schedule and it takes you a little bit more time Why is everybody in such a rush? That's what I don't understand and You know if if I could go back and and I was making those those dollars and I heard a message like mine It would be somewhat inspiring to say, you know what I don't I don't care what it renders I'm just going to do it Because it's the right thing to do and and see where we end up down the line because I envisioned myself down the line looking back and saying, you know Am I glad I started or Conversely, if I'm down the line and I look back over my life. Am I getting a regret not starting? Okay, and I think unfortunately that there's a lot of people out there that look back and they say man I really wish I would have started I came across this independent guy and he was talking about, you know Demonstrating this is real wealth. I make this I This is exactly what it closed at today. So this is real wealth And it kind of loses its luster a little bit when you're talking about numbers on a screen but those are pretty serious dollars for Especially acknowledging that only one out of every two investor Even owns a stock out there or even knows the first thing about Stock market investing or hasn't gone through the deliberation of justifying it for themselves. Okay This is the second law a smaller portfolio with m1 finance This is approaching that $20,000 mark. It's it's great Now eight hundred and fifty bucks away. This is awesome What an awesome deal this this one's uh capital appreciation is 10 grand So this is gone through a couple phases of the growth element with amazon google facebook Nvidia netflix uber And the like so And then to the arc ETFs for a short stent and that was the right move getting out of the way of that train Because it went down significantly. I probably would have been fine over the long term Just holding those but I leveraged those profits into the slow growth dividend arm that you see here And all of these 72 stocks are indeed value stocks I chronicle those on the channel on occasion to roll those out, but we're progressing quite nice The tsp here. This is the one that I don't touch this again We up week over week with a 42 percent Year over year performance nothing to shake a stick out what's possible in investing I'm showing you okay. I don't have to come on and tell you hey, that's the greatest thing ever Um, it'll make you feel better about yourself Uh, if you invest you're gonna get a girlfriend out of the deal It just doesn't it doesn't work that way. This is about money. Okay I I know there's a lot of people out there that try to construe wealth building and money to to being some like luxurious lifestyle out there and and being happy all the time I I don't know. I compartmentalize that stuff. I really do. I think happiness is derived from a lot of different places My portfolio. It doesn't give me joy. It's like, yeah, it's it's bigger. Great. We're meeting our goal I I'd like the number to be bigger next year and five years down the line and 10 years down the line And eventually when I look to hang it up I'd like that number to be as big as I can possibly make it when I retire. Why Because that's the goal that is the goal. I don't have any other goal for this gig Other than to wealth build and I hope some of that rubs off on you guys because That that's something that'll help you really will take a little bit more Plomatic approach to this gig and you'll be you'll be happy. You did we still hold the um contracts Here everything is is is as declared. We own the long call contracts Out to 2023 on highly on good stuff there and then this one as well up week over week. This is the I trust capital. This is really a cool thing And I do want to footstomp this. I don't want people to just Cruise over there, but here are the highlights Investing in cryptocurrency in a Roth IRA if this thing blows up to 10 grand And I want to transfer it back to my Roth. I can do that Okay, tax protected profits just like a Roth IRA The unfortunate part about this is there are some account minimums to this 2500 being that minimum Which I think is a little steep But I only own a half of a tenth of bitcoin right now And it's amazing it went up 3000 bucks over the last latter part of this week and It does make a difference to the bottom line when you own 60 percent of it But at least nothing else. It's of interest to show how I've split up this $2,500 bill And we are in the black. Uh, this was down to 2,200 bucks just one day midweek this week So man, it's volatile really is but I'm looking to take a little different approach to cryptocurrency And just become an investor. This will actually be a passive element to the portfolio We'll see how it shakes out in the long term and here's the total portfolio value. There it is. It's good It's down just uh fractionally week over week. It's totally fine I'm I'm I'm super stoked if you had told me five years ago. This is where I'd be I would have passed out. I really would have I would have fell out of my chair and been like I I'm going to be there. How how is it? How is that possible? On a salary less way less than 100,000. I don't know some of these people I have zero sympathy for that make all kinds of money hand over fist whether it be on youtube or with their day job Shoot man. You give me that kind of money. I'm dangerous But there is a takeaway for you guys if you do make your way into the independence investor channel Maybe there's some room for some discipline on your end as well But I did disclose this fact 88 percent to people who make over a hundred thousand Havestock they they don't they don't need my assistance You can trip and fall into a visa and succeed with it home depot Don't make it more difficult than it needs to be and the statistics back that up that indeed a lot of our wealthier households They get it. They get that the investing opportunity is is too much to ignore Whereas a lot of people unfortunately do justify ignoring the investing opportunity. It's too bad All right, so let's cruise in here man. I want to touch base with the gallery. I thank you for that I'm sorry for the delay, but it's no big deal this will be We will be going on a little stint of hiatus here over the next couple weeks and I will be unavailable to do the live stream on friday, so We will be back probably sometime after august 15 That's to be a couple weeks off Take this leave take this leave from the channel a little bit man It's it's the best gift that I can give you permission to pull yourself away from social media Right. I really appreciate each and every one of you guys and I would expect or even demand from a social media Opportunity Relateability that's it if I can't sit across from somebody and say man. This guy's crazy He he goes on delay and shows everybody his green screen and he's a real person That's great But if you can't relate with the message then don't waste your time with the message But if there are things that you can take away Once you guys to think about your opportunity because I think coming into this fall I think it's going to be interesting We go through phases in the stock market where everybody's woohoo. This is awesome This is the greatest thing ever and then quickly we turn on a dime and it's like the stock market's crashing It's going to zero You got you have a little bit more of a neutral application with this look for opportunity to take profit where you can And if you want to and also look for those opportunities To potentially take advantage of the dip. I'm just I'm fair to acknowledge that over the last 12 years We really haven't seen anything worth. It's been an incredible incredible run And that probably is a very very specific contributor to why it is That I can come on and portray the wealth that I do Because we've been in a conducive stock market and whether or not your bet is that that's going to continue on for the next 10 20 years That's totally up to you. It probably will in some capacity My point is to kind of adjust your strategy to make sure that you Enjoy those those capital appreciated dollars as the market does increase But if we do enter into a phase Of more of a bear market type of situation that you you're prepared for that as well Not necessarily just prepared with the cash buffer But also prepared mentally because I think unfortunately This market is breeding a lot of complacency man a lot And the second that you scoff the stock market and think that you got it whipped and it's never going down And this is the greatest thing ever It is over the long term But but really it's it's very short-sighted to Codify over the last 12 years and say that this is the totality of the stock market The future is unknown And it is fair to say and I will acknowledge that the last 12 years has been kick ass But to say that the next 12 years is going to be like that Nobody knows that nobody knows so Just to have realistic expectations be thankful for what you've got Now and establish a plan that wins in an up market And a down market as well. Okay guys very cool and cruise to the top and do some shout outs here. Here's bob I mentioned him at the top. He's just a awesome supporter of the channel man And he's just glad to have you got a shonda in here. He's going to catch it tomorrow Not too much. I was kind of hoping to go out with a bang tonight But the delay kind of set me back a little bit and that's okay I'll just ramp up the throttle here and try to rip through it. Yeah, we were talking about this What is true wealth you got anthony in the house shot out to you These are all just people representative all over the world And I don't know where you guys are hailing from but it sure is a neat opportunity To come on and bring people together and talk about this and and and I really put put some work charge out there Can we improve upon those numbers? I think we can With with ample education with ample understanding of what is realistic So I say two years to get to 20 grand. What if it took you five years and say ryan, I can deal with that Okay, that's the idea. You're starting down that road of saying, you know what I'm tired of this Vicious cycle of just always spending all my money. I kind of feel guilty When I do that now those are some real Internal deliberations that the people do go through I think I don't I don't think people I maybe they do Maybe they do have the ability to just blow everything and be like you'll be live once you'll owe everything. It's all good I'm not one of those people I just it just doesn't make sense to me because I'm happy now And overspending on things just doesn't seem to do it for me. Uh, it's just there's there's only so much Stuff I can buy In this life and it starts to become kind of boring. It really does Um, a lot of things I can put in that category man clothing is one of them and It's just man alive. It's such a waste But stock investing As well as real estate. Those are those two things that are absolutely not a waste I think the question for you in the takeaway is in what capacity are you enjoying the fruits of each of those strategic wealth building buckets. I think it's super important All right, this is what's up, ryan. Happy it's max. Great to see you my friend. Thanks for making your way in here It's awesome. It's great to see you guys. I love doing this project I really do I'm gonna make sure that we're coming full circle on recognizing The wonderful people that make up the community. Yeah, these are these are working class people who go to work every single day And wealth building is just an element to their life And they want it focused in on the wealth building opportunity Because while they're working while they're working on other things while they're Cooking doing their life short things that they do Then they want to make sure that those dollars are working for themselves. Okay striking that equilibrium between saving and spending Okay Hi ryan and everyone ryan. Hope you family and have a well-deserved vacation. It's overdue becky It's overdue. This is a push from last year So still kind of getting into that We had to voucher everything from last year and had to come out of pocket a little bit But uh, this is realizing a long overdue vacation and I've been really pressing At work if anybody knows and has a challenging job like I do It's very very satisfying man to press for that last And cross that finish line man and get to a well-deserved vacation Just makes it that much more meaningful. It really does That's my that's my perspective. It's great to see you becky and thank you so much. I really appreciate that We will have a good time. We always do Great way to wrap up a week into motivational. It was I would have gotten in my zone But uh, my computer had other plans for me Is that technology is in no way perfect and that's the first time that happened So no worries. No worries. Good words that independent. Yep. Yep. We try we try as long as we're getting through to people Fantastic financial options. Happy friday. It's great to see you my friend Victor's in the house Congratulations on 16. Yeah felt good man. I remember showing up to boot camp scared shitless Literally if if you've ever heard that term I I took that really seriously Just like I take all my projects seriously and What a what a life changing decision that was for me at the time that I did it man alive I mean some of those Decisions that you make in your life come from the sometimes the the most dark and desperate places And and that was one of those times and I'll always say that that decision Saved my life in some capacities, especially the mental capacity I always knew that if I had the opportunity to make a steady income A moderate income at that that I could do really really extraordinary things with income And and make it into something wonderful because I knew the power of investing before I actually Rendered the profit in investing and the real takeaway for you guys is to understand that mind over matter element of investing Okay, it's the power of the mind you you don't need to be rich To be rich you just have to be rich upstairs to understand what it'll take to put yourself on a path To wealth that's the key. Okay Here's a good one. Andres if I made even 1500 dollars in passive income I'd be happy Although the more marry your sure sure So there was a time in my life where I looked at 1500 dollars and I was like and I got this figured out I had the rule of 72 I had it gamed out to where if I could do 25 dollars a month For the rest of my life for the next 46 years I could make a million bucks and there's some truth to that there's some merit to that and I think It doesn't matter You know do what you can do when you can do it because it makes sense to you to do Right very very important there I think sometimes people get caught up in these goals and we allow the delusion of Becoming something that we're not we're not going to be able to physically make Anyway, and we get frustrated when we come to the rationalization that we won't make that mark And so we don't try at all Okay, if by nature of you trying to invest you're able to accumulate 250 000 maybe a savings amount of a hundred thousand dollars wouldn't that be better? To to do that put yourself on a plan improve to yourself that you can do it I think so I think the scary alternatives People need to people need to face the reality of and ramification of not Making those decisions when you have the ability to do that. All right. It's very very cool I Love the video fantastic. I appreciate that And I had a pretty good gallery in here tonight, man. If we can get to 50 60 70 people Every friday. I'm super stoked on that. It's a lot of fun And we'll grow this project out over time and it'll be fun to grow With you guys and grow the community of people who are interested in the message. I got joemer in the house Great to see you my friend Just some shotouts at the end of the live stream here man. I'd frame of mind Absolutely both save and spend that's that spectrum. Right. That's that balance Now the more money that you have the more eligible you are to be a little bit more aggressive on that spectrum In other words your range of frugality To frivolous spending it is is wider than most The point of that exercise was to really earmark for those people that don't make a lot of money to just Self-induce some discipline. Okay, and keep that Continuum a little bit tighter than most. Okay, the more money you have The the more eligible you are to go out there and spend Okay, and that's fine. But somebody who doesn't have that ability can't look at that and say I want that That that person must be happy by doing that. No, they're just exercising their spending range. That's all it is Okay, they've made the conscious decision at the time to to make an expenditure I'll bet there's at certain times there that a lot of people don't see That that person is probably at times very very frugal. Okay Very important. Well, let's cruise down here I've got Antanas in the group here We got Sarah in the house. Fantastic. Great to see you. She's a plank owner on the channel And a viper at that. So it's great to have you as part of my elite group as well. It's fantastic Got a heck of a thing going my computer crapped out. So I need a new one still looking Yeah, I might need a new one too. Now. This is brand new. This thing is a Ferrari this apple computer I have is is incredible More Pepsi Pepsi's action today was fabulous Got a couple minutes left. I do want to continue. I'm going to cruise down here and see if I can't Cherry pick a good one here's during the frozen time froze. He froze. Wow. What the heck ryan sucks Here's rick. Good evening. Y'all don't stop on my account You know rick came in right at that time. That's pretty funny. That's all good Matt says ryan prince ryan does print he prints he prints knowledge. She got to listen You got to listen to get the knowledge man for sure the printing As matt's would say is a byproduct of a well-laid plan right, so when I When I realize renderings from a well-laid plan It's not surprising to me. It's not surprising and it is duplicates. It's scalable to the masses You bet I'd like to see you guys realize some of that printing as matt would put it for yourself. Absolutely, but uh, you bet Appreciate that. Thank you matt appreciate Make sure you guys follow me on instagram if you guys want to join the facebook group as well I do post some photos in there when i'm on vacation if you guys want to see Some cool photos of me on location. I might be kind of fun All right, go see the world man. That's the key I think shh the cat It's like a christmas vacation Yeah, it's okay. It's just social media man. It's all good. It's all good. Here we go You guys were probably listening to me and I was I was Pretty pretty calm actually I didn't go on a cussing rage Highly on in the building and revamping their building. Yep. Nope. It's good. It's good Going to do some exciting things. Hopefully need that mass scale integration that I talked about as well So we're going to continue to foot stomp. I will be releasing a video that allows people to add their comments In the comment section and then you can just upvote the comp just like it and those comments With the most votes We'll we'll get posed to mr. Healy if he does end up becoming a guest on the channel, which I think that he will I really do. I think it'd be fun to have him on the channel. I'd like to talk to the I'd like to talk to him It'd be fun. It'd be a good time So almost to the bottom very very good It will close down with this the blue collar bill enjoyed the message and I'd have a great vacation I certainly will certainly will I put a lot of time and effort into this project This is one of many projects that I work Now this being one of my most favorite ones the live stream is is really it's been a kind of a corner stone Within the independent investor and and you guys are part of that I feel like we're doing something special here on the message. I really do and As long as I'm able and as long as I'm Motivated to do this project and I don't see that going anywhere because I just love this topic It is the fastest 60 minutes on youtube. It goes by super super fast But I just appreciate it. I couldn't do it without you guys So be well have a great rest of the weekend. We will catch you in about three weeks Just watch for the notification. I will post an announcement to the youtube channel when we re-engage The live stream on fridays, but until then guys be well Think about everything that we've talked about in the first part of this 2021 and we'll look to re-engage when I come back fresh and you know what that means guys. Take it easy We'll catch you in the next one