Why we will welcome everybody back to the independent investor channel the project that looks to advocate for the retail investor out there My name is Ryan. I'm the host of the independent investor channel been around about five years here YouTube Reaching out using the conduit man I can't I can't knock on hundreds of doors or thousands of doors or tens of thousands of doors This is the very best we can do really to put to put the message out there that is that is unknown in a system Let me speak Frank that is really aimed to discourage individuals individual thought Individual initiative individual perseverance individual everything that we fight and advocate for man You can absolutely be your best personal champion of your own personal program And I would expect each and every one of you guys that are tuning into the message Leave with a tidbit of motivation absolutely a little bit of Understanding or at least an acknowledgement that maybe you don't know everything that there is to know about stock market investing Why because you've based it on your neighbor's opinion that success? resides in the picket fence next door and that that is just not where it is at it is not It's a lot easier than you may think and anybody can do it with the right amount of discipline The right amount of of coaching you bet and there's people like myself And there's a lot of people within this community that really don't mind Putting their own personal agenda aside for at least myself every Friday for about 60 minutes Alright for each and every one of you guys I congratulate you because at least for today You will indeed devote about 60 minutes of your of your life To just thinking about personal finance and thinking about how you want to take this into your future Okay, I would venture to say that maybe even half of you guys had algebra 2 in high school I think they should get rid of that crap because run yourself through a self-test and ask yourself When was the last time you used that algebra 2? How about we supplement that with some personal finance and some budgeting? How about improving your credit score and going after some of those things that are going to actually Render results for you and your bottom line in your life Super super important. So we kick it off. I'm gonna allow us the gallery to get in here a little bit I got a special guest tonight actually special guest for crying out loud. He's a good friend of mine, man He's just talking backstage with him and I'm gonna wait to introduce him when he comes on I hold I hold this individual and in super high regard why Because his heart's bigger than his portfolio And that's about as big a compliment as I can pay this gentleman, but he's also an example of personal success He's an advocate of someone who Puts on puts on the clothes every day goes to a day-to-day job There's a lot of people in this community who may think that investing is out of reach for them Okay, we want to blow down those barriers to entry. Okay? Get rid of what you think you know about personal finance. I can't do it. I beg to differ you absolutely can I need to be an analyst to succeed in the stock market. I beg to differ Okay, I read an article online that said that I can't invest in this stock or that stock or this stock over here Okay, let me break something to you the very institution that I talk about that is aimed at keeping the little man down Okay, is is is very real it should piss you off Okay, and for those folks out there that tune into the independent investor channel to get my unique Perspective and it is it is I'd love to watch other channels out there with Somewhat kind of a fighters attitude to this because this this pisses me off honestly But the more and more I Immersed myself in the opportunity made possible by self-directed investing and more so just believing in a personal brand guys each and every one of you guys Have a personal brand. Okay, the time is right now Okay, and I'm not saying you have to start a YouTube channel. I'm an advocate for each and every one of you guys Alright, but but to start to build yourself and really be the champion of your own domain is really the key here Man, you should walk around with your head held high because you each and every one of you guys has Absolutely something special to bring to the table guys. So I'm fired up. I have green tea in the cup I'm absolutely well rested. I'm just coming back off three weeks of well-deserved vacation that of which I Was pressing for a while And I'm back a hundred percent, which is almost scary. It scares even me sometimes because I'm super aggressive on Coaching teaching and really trying to break down the topic of financial stewardship and discipline For each and every one of you guys out there that don't think you can do it I'm here to absolutely advocate for you and tell you that you absolutely can welcome to the independent investor channel If you have questions or comments for either myself or mr. Matt money here to my left to your right I will take this opportunity to welcome my good friend Matt money to the independent investor channel We do not do this enough. We have a lot of fun It's a special treat when Matt comes on for me because I told him I was joking It's the only way I get to actually talk to him anymore is to bring him on the live stream and talk through social media But if you guys have questions for any any one of us I know the markets have been pretty tumultuous the last couple weeks I was checking it on vacation and it was like being kicked in the nuts every day But if you have questions, please leave them in the gallery Matt. The floor is yours man. How's things been going? Oh, man Things have been good man apologies. I think I have like a second delay, but that's that's me It's not you. Hope things are going well. I really appreciate the message is always my friend I mean you always do a good job I can tell you've been drinking that green tea all goddamn day and you've had three weeks of great vacation ready to To get back after a man.  I mean you are somebody that knows what it's like to put your Your your dollars to the grindstone is is basically what I'm going to try to say and Month in a month out you're saving you're saving you're saving you're putting your money to work for Some sort of purpose to make yourself a better person a better father a better husband And and really truly just being a better person to the marketplace overall And it gets lonely it does it it gets lonely because You feel like it's it's like golf man. It's you against your goal, right? And it's nobody's gonna tell you you're doing a good job Nobody's gonna tell you that you're doing the appropriate thing and it's really up to you to guide yourself and Redirect yourself when you feel like you're making the wrong decisions and sometimes you do good sometimes you bad But it's not about just one week in one week out It's about months there And in a good way that I put it very often is people ask me about my success and you know I'm very young in this game and I know I've yeah plenty more to learn and I've learned so much over the past two years through And I feel like these streams are just as useful to me as it is to hopefully the people listening is I've been working for like eight nine years, right? and that's 12 months a year times eight nine times that's 96 months, right and Twice a month I get a paycheck and even more in these days I get more than twice a paycheck twice a month these days with some of the stuff that I'm doing but every time money at the account a Portion of that is going into investment accounts and and making sure that I'm saving and shuffling some of that away for For a better future because it's not about you know the colors. It's not about watches. It's not about all these other things It's about living below your means accumulating good things and also just making yourself a Patient and more humble human being overall So I really relate to your message every every Friday I tune in as much as I can sometimes I'm off getting a margarita or something and I make it for the last 15 20 minutes but it is always truly a good time and I know a lot of people missed you being away for the last three It's while we are excited that you were able to get some good relaxation It's nice to be back on the independent investor channel and thank you so much for having me back and well said I I Thank you for that. It's awesome This project has been it's kind of evolved and then come become kind of a part of me, you know Just like I want people to kind of relate with the idea that the personal finance and investments and making the right Decisions and and buying into the right stuff with your investments really resonates with people Okay, in other words, you talk about dollar cost average for example, okay? I I'm at a point now where I dollar cost average an enormous amount of money and I don't even think about it It's not even one of those things. That's mechanical anymore. It's 100% net natural It's 100% one of many pillars, of course, right that you just buy into and it's the very thing that When you look at a layered program like myself and you look at some of the Speculative investments, I know myself and yourself right now, you know, we're engaged in a little bit of speculation But that that doesn't come with an extreme amount of deliberation It doesn't come with an extreme amount of preparation and quite frankly I would say it takes a little bit of almost investor eligibility To even justify that level of layer in a program. Okay, so where those other Pillars in the program are supplementing the program and those other buckets are taking a little bit of hiccup I guess however you want to say it, you know, it's not not easy to sit there and watch those But but here's the thing. I don't expect out of those Investments that are somewhat speculative in nature to act like my dividend growth element to the portfolio And I don't expect those types of renderings from my passive element to the portfolio I just couldn't believe it I checked the portfolio over the break and the one thing that carried my ass was cryptocurrency You know, I took that little start and I basically did the I trust capital Roth IRA with some crypto And I basically mimicked the gray state scale ETF, right with the top three Bitcoin, Ethereum and Cardano and and I've almost I'm up $1,500 in a couple weeks just in that small $2,500 investment almost up to four grand in that off of 2,500 bucks and it's just like I Chalked that up to gambling at this point and I've done a lot of due diligence on cryptocurrency My point is a lot of people need to understand that this is not a game that you can just outsmart or outthink Okay, you've got to put your strategic bets on the table Sometimes it's gonna work and sometimes it's not but just because something's not working Doesn't mean you just have to automatically pull the plug because I always say in investing Usually the results that you want are gonna happen when you least expect it to happen and that's the God's honest truth Yeah No, I I agree 100% I mean I have a lot of things that I've put it in the portfolio in time as well and I think With with the anticipation that it could be growing to multi hundred thousand dollar positions in the future I think what people don't recognize and I think this is where it gets a lot of people in trouble is a lot of folks will Invest in things that are speculative one and overweight themselves into those things and then to Expect that they won't be volatile, right? and then and then when you have something like the I would say Speculative stock winter that we've had since January February to now where we have some decent names that in long term We'll end up doing extremely well But then of course you have some names that did deserve to retrace understandably because they're pre revenue and Very much in terms of speculation now that interest rates are potentially going up a little bit They pulled back and money is moving into more safe investments and and a lot of those sorts of Headwinds that these stocks are sort of experiencing. I think a lot of folks need to recognize that great companies sometimes go through turmoil and a really good example It is when Jeff Bezos talked a lot about what happened in the two thousands I mean we're talking about Amazon which is going on to be a two trillion dollar company And I think we'll eventually be a five to ten trillion dollar company one day not tomorrow But in five to ten years it will start getting to those valuations That company went from a hundred fifteen dollars a share down to six dollars a share in 2000 to 2001 and I'm sure a lot of people sold out of that company But there are some folks that recognize the potential granted Amazon's not like every company, right? I mean Amazon had a grand vision. They have something that was never done before so a lot of people might have been Putting their necks out to to be in a company like that. It didn't make a lot of sense to a lot of people shit They were selling books online. That wasn't a really big thing back in the day But they did have revenue and then the metrics are going up into the right And so I think what differentiates some of the things like an Amazon in 2000 To some of these other companies is the fact that they did have a grand vision They were trying to create a new niche which they have done and they've done a successful job at it And very much what I think I would ask people to look at is are you strictly in a company that is speculative and Is pre-revenue and as high risk versus something that hey it might turn out or it might not but for now The metrics are going up into the right It's a very different scenario when you're investing in a company like and was on a 2000 2001 Yes, it was losing money, but it was growing revenue. It was growing users It was growing a lot of things and metrics were doing extremely well Versus some things that are still pre-revenue and you're just hoping that eventually fingers crossed. It's got to go to the moon There I view them as very different sorts of things Bitcoin to an extent is that is that way as well, but I see the broader picture with Bitcoin I view Dollars and currency today as a historic way of using passion value and You know, it's it's silly that you know, we don't have access to our money We have to go to somebody else in order to access it It just doesn't make sense right and even though it's our money We have stored somewhere else right rather than having some sort of cold storage wallet or some wallet That's on some sort of exchange. We don't have immediate access to it So I mean I see the the the efficiencies with using something like a cryptocurrency Which is why I think it does have good value and it will see some sort of overall market Market market cap growth and the entire cryptocurrency space great There's 11,000 of them and I think 99.9% of them are going to get a zero But there are going to be the five to ten that grow that market cap to be something that's in the tens to twenty trillion dollar Space in the coming future. So that's just my little thoughts on speculation. I Just sit back and listen because when you get on your vein, it's pretty pretty ingenious. I It's pretty cool. You're part of this community Matt You're you're like a brother to me for sure, but I tell you I I don't I don't know if there's anybody that I've Met on YouTube and it's kind of cool that this opportunity brings us together the way they do and the audience benefits from it because It allows us to sit and wrap me and you have Everybody has differing Applications in how they make this thing make sense to themselves, you know I sometimes watch you and I throw Kyle into this as well how you guys break down stock It's really impressive and it's impressive from the perspective that each of you guys aren't in your 50s and 60s and 70s What I mean by that is it hasn't taken you an entire lifetime to learn what it is that you're learning out by your admission You still have a lot to grow. I I think the interesting piece to that is where you're gonna be in the 50s and 60s I think we're gonna look back on this time and say wow that was interesting time But I think the real takeaway for those investors out there that are just like man, what are these guys talking about? I mean they're throwing terms around left and right Just to understand that there is no right or wrong in investing Just to try to identify that personal style that makes sense Okay, the the desire to want to start is really the key and I think answer in those You know one two three steps to get into the market and put some capital to risk Because I think you hit it on the head when you said that diversifying your value proposition It can't be more understated in its importance I mean, there's the traditional real estate and stock market portfolio, right? But there's other forms of wealth cryptocurrency has just Has been created as one of those within the last 10 years There's also a lot of other forms of wealth out there that that people really need to kind of get behind and It's a lot of fun I always look at myself as a collector a lot of people when I say Investing, you know that they shy away or that they look away. I don't know that's that's a topic I don't really want to get into you know, you get to talk about money. It's like man That's that's the coolest thing that I ever talked about but you know, it's it's one of those things that We really need to try to continue to further the discussion so people understand that there is a sense of urgency around this topic there is and The more you delay in your application I think the more susceptible you are to regret later on down the line because man I'd like to think that everybody in this group you Matt included have dreams Okay, and I think the older that you get and the less You've been able to achieve some sort of wealth in any of the winding roads that can get you to that end I think the older that you get the more doors close and I don't I don't mean to be forward But but yeah, I kind of do and that's why I like guys like yourself Matt and Kyle and some others in the group here Are they're young and I can sense that that urgency like the time is now The time isn't tomorrow to start to learn basic basic investing the time was yesterday And that's typically the motivation that I come to the table with as to why we put this product through every every Friday I don't think I'm anybody special You know, I think if I were to meet you I'd meet you and I'd find out that you're just another human being Matt And I think that's the cool part about this community is the relatability of it because in such a scripted world Which pisses me off most of the time Most people can't just talk from the heart and really look to put themselves out there to help people Get off myself box, but Yeah No, I mean I Agree with you 100% and I think a lot of it Ryan that you're touching on For the people that aren't in this community the people that aren't hitting the books every day The people that aren't putting their money to work ignorance is bliss Ignorance is bliss. They're not they don't even think about it because they've been taught that a 401k is sufficient And it could be right I mean, it's part of it can be part of it. It's not the only part, right? And I think a lot of people even still to this day don't educate themselves They get this benefit a 401k and they might put an okay. I'll put in a percent or two. Is that enough? I mean, are they putting the true due diligence in and most of the time the answer is no and It's sad when you know, I started this journey. I guess in 2013 2014 so I know means if I've been in the market for Decades, but at the end of the day, you know, that was a very at 22 23 and I'm very fortunate that we have like 20 sometimes 18 19 year olds joining us and that's I like it nothing makes me happy to see that But trying to bring that up when you're at a bar trying to drink of like a bourbon with somebody, you know It's just like no dude. Let's go chase this tail, right? Like why are we talking about stocks and you know business and stuff like that? It's like well, I'm trying to learn I'm trying to better myself, right? Like that's I don't read novels for fun I don't read nonfiction. I don't need things that I do read or articles about finance and earnings reports And like that's where I get my phone right Amazon makes a deal to go by MGM.   He's only 30, right? And I'm not trying to brag here. It's just no, you know I put a lot of diligence Yeah, you've earned that you've earned the right to make that statement Matt You've earned the right to make that statement All right, and where a lot of people will say I want to retire at 30 Or I want to hang up my nine to five or I want to get out of the rat race and they're not Willing to do the first effin thing to move in that direction Now that pisses me off on your behalf Yeah, I mean you got a lot of people that will eventually be like whoa is me, right?  Oh, that's be nice, right? It's like, okay Well, I know saving a thousand dollars a month and it's a discount, right? So every three months if I want to blow it on a trip I can because I'm saving a thousand dollars a month and Yeah, I work hard right and I do side hustles And I do a bunch of other shit behind the scenes that a lot of people may or may not know about so I think it's very interesting a lot of people will point the finger and be like, oh it must be nice or Now that they're starting to see some of the results that's taken eight nine years, right? It's not taken overnight. It's not something that you do and eventually it shows up in six months It's something that's a lifelong journey and pays its dividends no no pun intended there But it pays its dividends in the long term And we'll continue to do so and I think a lot of people don't recognize that Nobody's good to do it for you Which is the thing that I try to hit at the most and that's not about that's not specifically about investing That's about getting a side hustle. That's about, you know, making yourself a better person, you know And trying to change things, right? It's very easy and I noticed this a lot about myself During this previous I guess pandemic the past year year and a half where I've been fortunate to know some side hustles work with Kyle have good conversations with yourself and Also just like learn from everybody that I am lucky to have conversations with but I even still I Recognize how easy it is to just want to give up and not do anything for the day and sit on the couch and watch Netflix but that that can lead into Weeks and months and eventually it becomes a habit and eventually you start just like get back to that point where ignorance is bliss Where you don't think about the detriment that you're doing to your financial future your work life your Your relationships and just being the better person that you can be and it's not about what Bill Gates is doing. It's not about what Elon Musk is doing It's about looking in front of the mirror every day and being like Am I doing the right thing and that's really the only person that's standing in front of you is yourself And if the way I like to look at it and I'll turn it over because I know I've been soap boxing for a second But I'll just say the bottom is zero dollars Granted you can buy yourself into a lot of debt and bury yourself in a lot of debt But I like to say the bottom is zero dollars right now the human capability in terms of value is up to two hundred billion dollars Right, so you're starting at zero most people are probably around zero Maybe a hundred thousand maybe luckily some of the people in this community are up to a couple hundred thousand And they've done a really good job getting there But it might not necessarily be enough right? I mean the capability is to get up to two hundred billion dollars Are you doing enough and if the answer is no it's just like well, are you okay with that that the answer can be okay? Yes, I'm okay With being mediocre The things that matter most to me are my family and stuff of a like and that is an okay answer But you can't sit there and say what was me I'm not doing or I'm not where mad is but you have to think What is Matt doing or what is Kyle doing? I mean Kyle? The guys never made I started to blow up your spot here Kyle But the guys never made more than sixty thousand dollars a year from a from a typical job and here He is sitting on a three hundred thousand dollar portfolio So you can't knock anybody's hustle if Kyle can do it so can you and just like you said I'm no different than anybody else except when I was in college. I did have my fun I can't lie but a lot of times on a Friday Saturday You'd still find me in the library till 3 4 a.m. And Working on stuff and becoming an engineer, right? So You know, you can't scoff at where people are because where they're at is there's probably a reason Yeah, there is the outliers that you know people were handed off and stuff of the like But generally speaking people that have money or people that have gotten to where they are I put a lot of due diligence into it put a lot of effort into it a lot of sweat and You only see half of it. So anyway, that's my soap box I think I think some of the pedigree of what you're talking about is really really insightful. I Think if I was ever gonna fail tomorrow or fail in 30 years in my life The only one that I would ever hold Accountable would be myself That's a day-to-day deliberation with me And I think that's the real secret sauce of what you're talking about I I find it ironic how a lot of people Typically do spend a lot of their attention paying attention to others, right? You talked about it with the Dom rep, right? But that that must be nice. Well, what are you talking about, man? I I for one saved a vacay and I put it on a higher priority than maybe you do I don't know but what gives like what are you doing in your program? Well, hell, I don't know I've never thought about it before. What do you mean? You know, it would sure be nice to have that while that's a really nice car It's sure be nice to have that house And it kind of goes into I find it also intriguing just things because I'm a deep thinker and I I pay attention to especially in this country how we always want to Kind of pay attention to what others have, you know Without really looking at ourselves and it becomes doubly difficult in this society I talked at the top of the live stream how the system is really kind of it's it's it's built to keep you down Okay, it's built to get you in over your head on a home equity mortgage That of which the financial institutions benefit from that put that anchor around your leg as quickly as you can Keep you in the dark as the best they can Assign you a financial coach or planner, right? It's going to attach another anchor to your heels through fees, right those two anchors right there Someone can spend a lifetime trying to get out of that quicksand and never actually realize that end it's almost like you set yourself up for failure and Unfortunately, people are naive to that they're naive to the fact that they that they haven't tried to set themselves free and Really try to look internally. Hey, is this the best for me? You mentioned the 401k, right? I'm an advocate of the 401k It is it is it worth it for me to keep my nine to five or is it worth it to quit the rat race and start a business? Is it worth it for me to start on this passive level that Matt and Ryan talk about all the time that really? 99% of investors out there if not a full hundred percent Let's just say that that's that's step one right is to get something in addition to keep the employer Sponsored out of the equation for a second and say everybody needs to add that additional layer If you're making a hundred and less than a hundred and thirty K go ahead and just start that Roth IRA, okay? I'm not here to debate which IRA you should start, but I think most people can trip and fall Take what it is. I'm offering as a suggestion Trip and fall into that Roth IRA and and and consider that to be a supplement to those existing layers One of two things are going to happen. You're going to forget about it. You're going to end up somewhere better, okay? Or you're going to kind of fall in love with the discipline of personal investing and you're going to start to ask the question What what can I do in way of doing more? That that's the cool part right and me and you and Kyle and the difference between I I Don't think that that's very common place But I think a lot of people out there do have a fire and they do have capability and they do have motivation It's just unfortunately in a society that keeps the weight on our shoulders all the time It becomes really really difficult to kind of break out of that rat race and my in my opinion. Yeah Really sharp You're alone. You're alone.  I agree with you I had I had this conversation with my sister all the time She's a teacher in a very intelligent person But I straight up have the conversation with her that you know, they're not doing enough justice Yes, you need no science and stuff of the like but I mean like you mentioned at the top of the live stream like Who's who here's used algebra since they graduated high school or college, right? I mean Not me right. I mean, well, I guess that's been a real lie for me But I mean overall I mean a little bit so much of the stuff that I learned like Modicandria and stuff of the like in chemistry class I have never used right and you know, that would have been so much better And I listen to people that want these future schools like me Kevin and stuff of like I'm like, yes Thank you, please and instill this in our communities instill this sort of entrepreneurial mindset into these sort of communities and you talked a little bit about looking inward right and very much so when I first got out of College, I'll tell you the path. I was headed down I hold this watch not because you know, I want to be a baller But it's a reminder as to how stupid you can be I bought this with my signing bonus that I got from starting in the oil industry I didn't know that and then I started buying Started buying shoes I started buying a bunch of other stuff and I still saved a lot of money compared to a lot of my friends I did save a lot but this this watch is a is a near and dear thing to me because it was probably the first thing that I ever bought Yes, it was a signal achievement.  This was a nine thousand dollar watch It ended up being ninety five hundred dollar ninety five hundred dollars. I spent nine and a half percent of my salary Within a couple weeks of starting, right? That's getting you an idea as to where I started in 2012 2013 It was not a good path to the point where I was also looking Weekly, let me buy a house. Let me find a house. Let me do this. Let me do that because that's what society tells you to do Tells you to buy something as if you can afford it to buy it if you have if you don't have a house get one, right? I soon recognized thinking internally learning a lot about myself learning a lot about my investing strategy learning about you know what I want out of life and I don't care about a house really. I Occupied I occupy three. Yeah, right. I occupy this seat for about if I'm working from home I occupy the seat for about 13 14 hours a day I sleep in the bed for you know six to eight hours and I don't spend a lot of time in the bedroom Maybe I spend like an hour on the couch here and there cook a little bit Sometimes I'm down by the the grill and grow down there, you know for dinner every now and again But that's really it. I don't need an additional two thousand square feet of space which fortunate here in Texas You know, I could get pretty easily three thousand square feet if I needed it But I soon I soon recognized I don't need this three hundred thousand dollar house because I'm only using literally 200 square feet maybe Granted, yes, I shower all that stuff. I mean this this apartment's bigger than I needed to be it really is But what I will do is set myself up set my future out so that I I do eventually meet somebody that does want a house I can give that to them or I could help provide that to them because that might mean something to them But it doesn't mean anything to me. So in the meantime, I'm just gonna save all my money, right? I'm just gonna do what I do best, which is Five great businesses. I want to be a part of put my money to that put it into work Let people like Bill Gates let people like Sacha Nadella let people like Elon Musk work for me I have that ability with the money that I make for my nine to five and Put it to use and have billionaires working for me They answered the Lord and the answer to the shareholders and I'm one of them I'm one of those people on the shareholder of all those different companies So I think a lot of people don't think about that. It's literally just And the thing that bothers me most and this is kind of off topic But the amount of conversations I have with people where they're like well You're only making eight to nine percent a year on your money So I'm just gonna go buy these shoes or I'm just gonna go buy this purse I'm gonna go buy it's like well, you don't understand At least if you made eight to nine percent, you'd still have that original hundred percent of the money Plus eight to nine percent, but instead you bought shoes. So now you have zero percent of them, right? You so I don't think people understand fully the edge, you know, the thought process behind the potential like in Storing capital and putting it to use for a better situation later on down the road So yeah, that's just a little slow box and also a little bit about where I how poorly I was headed because Watching my family grow up. That's kind of what I saw. I saw the materialistic Yeah, I saw buy houses buy cars buy all this stuff and Work until your god knows about how old But I was fortunate also to see family members buy real estate as investments, I was fortunate to see a grandparent Build a business and buy multifamily real estate So I still saw both sides and I recognized there was more to just buying a watch that cost 10% of my solar And I did it knowingly and I laughed at it at the time I was like, huh, it's watch cost 9% 10% of my salary, right?  It's something I've always wanted, right? I'm just gonna do it But you could see how quickly you can easily get yourself in that situation. It only takes something. You mean think about it I go into people's houses and They're the same thing they do the same thing that I do So I mean I don't make double my salary by the side hustles and stuff like that But I go into people's houses and they look at me and they're like, I don't understand how you have so much money You have And I'm like, but you think about it Ryan Like this little this little thing, right? Like you don't think about it But I always look in their house.  The small as it is as useless as it is cost 10% of what I can do in a year and You don't think about it to say well I'm sure a bunch of people are buying the little things that might be 1% 2% You know half a percent and they do that 10 20 times throughout the year and it's like do those things actually make Him any happier Or would having the potential to retire 10 years 20 years down the road.  It's very much holding yourself to accountability for your time your money your investments Your side hustles and being a better person, but it's easy to take the easy road out and just sit on the couch So I'll leave you that I'm sorry for taking up like 20 minutes there, but that was like I had so many comment, but I wanted to let you go. Where do I start with that? I will start here I think you're right. I think you're right in a lot of capacities. I think that's spending Lack of discipline it escapes a lot of people and I think it's habit forming earlier on in our lives Okay, when we go and we mow the grass and we work really really hard for that 15 20 bucks, right and The $20 only Creates value for us when we have the ability to spend said dollars on an item, okay? and It doesn't take people very long to get conditioned to that habitual behavior, okay? I use the $20 as just a benchmark into proving my point Okay, there are a lot of luxury items out there and I don't I don't fault you for buying the Rolex Actually, I like to purchase for you because I could make the investment twist at the time It didn't make sense But but now look how much use you get out of that and look how sentimental it is to you So two very high value propositions for you And that's where I think a lot of people don't understand when they go and they buy those clothes They buy those shoes. They buy all those things because they think I I see more value On the onset in the short term right to making those expenditures as opposed to buying stock I'm gonna declare to the audience right now something and this is the God's honest truth from the deepest depths of the independent investor mind. I Have zero Motivation to buy any of that stuff there's very few things in this life that I actually find value in and Stocks are right there at the God's honest top and you might think you're a little bit crazy And that's great if I'm jarring you and you're thinking man alive I've never really thought of Microsoft is really having that level of value It just looks like a you know a four-letter ticker symbol to me I don't I don't understand the value Proposition and that's really the key is you're not gonna understand it on a 60-minute live stream with Matt and Ryan But we're gonna dig for you and we're gonna tell you where you need to be at that end This has to take a priority for you.  It's the God's honest truth It's the God's honest truth because I'm a happy man now I'll be a happy man as a multimillionaire It won't change me a bit because I've learned the lesson that I would hope everybody in this community and the broader YouTube Audience learn is to try to separate yourself from your program Money and wealth and compounding growth and dividends. Those are all renderings from a well-laid plan Okay, if they're renderings from a well-laid plan and as long as you how hold that in the highest of value Propositions in your life that the better off you'll be the more you'll be able to separate and you won't look at that as I'm giving up the effin pair of shoes.  I'm like Jesus Christ.  I don't know I haven't done that for Kind of I got my career. I just passed 16 years I started saving right on the onset entry-level salary now I'm making an advanced salary and what do I do? I don't spend more. I invest more Right where most people would say I deserve this I deserve that and all I I've got this coming to me What what the f is that all about?  I'm not trying to appease society I'm trying to compete against my biggest competitor me That's it trying to compete against me. That's why I sit in an apartment now and I'm approved for three-quarter million to go and waste my money in a high Real estate market right now, but I have the very discipline to say no The value proposition is not there for me right now. It doesn't equate right now for me It's interesting that you mentioned that Matt I'm almost coming to you speak along those terms of how real estate is viewed now And I think you you're on to something there. I think the younger community is saying hold on a second Why do I need to buy into this like whole sign of success thing? You know and if I had it my way if I had a magic wand and I could shake it around and make this world the way that I wanted I I could take a small network Set up some strategic locations around the world Croatia Czech Republic US destinations I have Virginia Beach LA New York City Dominican Republic down in the St. Martin Caribbean, etc Eastern Europe Australia New Zealand, etc some strategic locations to where I can vacation and work at the same time in A portfolio or a network of properties to where I can see the freaking world Because the one thing that we all have in common is that we all will die all of us So again just another nerve of like hey Maybe you might want to put a little bit of value proposition on the time and the minutes that you have and adjust accordingly Yeah, it's it's it's really hard to change those habitual habits, but that's why this is an infinite topic Matt You know, no, I mean it's like you said it's it's competing against yourself man Like I have holes like I wear a shirt. I wear shirts What's probably about the best thing to admit, but I probably wouldn't do this if the office was full But I wear shirts that have holes in the sleeves like to work All right People are probably sitting there like I don't think anything up. I don't really care. I guess my favorite shirt So I'm gonna keep wearing it, but You know, I I think probably people are like this guy know you as whole should we mention it holes I'm just like I don't really care. I haven't bought new shirts Since before I left the trip up. I might have bought some some new I've obviously bought new underwear That's one thing I do prioritize every couple months. I'll buy a new underwear You know, I think that that's important. It's very important. I buy new size as well, but it's TJ Maxx The the latest pair of shoes that I bought Ryan. You ready for this? I Was in Costco the other day and it started getting embarrassing because I had a traveling a little bit And when you put your shoes on the on the conveyor belt to get them scanned and everything like that I smelled them and I'm like, that's not good. I'm like, I gotta I gotta get so so I was looking up I was lucky enough to get into Costco the other day and I was like, oh shit I was like one of these adidas look like open them up 29 99. I was like, yep in the car So that's the latest pair of shoes.  I was like, okay say I didn't go to Jamaica or maybe it's to make your public They didn't go to Dominican say that car thing didn't happen. I was like, okay I spent the normal amount. We're good, right? Like it was just those two things that I spent money on I was like, so I was like literally second I was like, am I sure and then I literally I was like, okay, the bills back to normal. We're on the normal spending of it We're good. So but yeah, I mean, it's the hardest thing to admit is you know being ignorant and Not even knowing it which is fine. I think a lot of people, you know, if you want to live your life that way That's understandable. You don't have to be the next Elon Musk Yeah, but you can't you can't sit there and be like, oh, I wish I was doing this and wish I was doing that I do share the same sentiment with you though about having a network of like-minded individuals that We have some sort of like subscription or payment service where you have these networks and you could literally Just pay like your 1500 or 2000 a month Yeah, kind of have the time share, right? I mean that would be that would be bad I'm gonna find a community like that for sure You just you just did Haas. That's my that's my million dollar idea But I'm gonna call that the think tank. That's gonna be T2 someday. That's gonna be the next project I got I to I got C2 and I got T2. That's the think tank. We're gonna get together We're gonna talk about some cool stuff like that, man You know, you're part of the part of the family here, man You're like a brother to me man, and I just yeah, it's fun to watch. I told you behind the scenes It's fun to watch us evolve on YouTube. I'm not in a race This can go as slow or as fast as it wants to go for me Why because again, it's a plan I put it as hard as I can into the plan when I don't want to I don't and then whatever's rendered from it Whatever's rendered from it. I'm okay with you know what I mean, and I'm always trying to drive toward that Potential for that one investor to make themselves into the channel for the first time and feel inspired That that right there man that level of inspiration because I mean Jesus I've done nothing You know To cut to cut the learning curve even if it's by six months even if it's it could be two years It could be six months It could be three months that three months is vital and hopefully not only is it three months, but it also gets them up Up to speed a little bit faster and gives them a little bit more often motivation. That's the goal That's the hope that the next thing that's more powerful than that is when you do provide that inspiration for somebody and then they tell Somebody else about it that right there the referral element that share element is something that I hold sacred And it's hard to quantify Matt I don't know you said hey you were missed shit That means probably the most of me than anything because I got a little tidbit of that when I was on vacation and trust me man I lay in in the Oregon River man in the ice cold water, you know looking up at the Ospreay, you know fishing that that stuff Really brings me back home. I had no pun intended. It brings me back to my center But it really put a lot into perspective for me It allowed me to self-reflect and understand that I was probably deviating a little bit in that I probably wasn't I wasn't extrapolating the level of joy that I'm used to taking from this project and That that my friend I think is unhealthy, you know I mean if me and you I could talk to you all day no doubt about it These these are the elements that I really hold a lot of value in But there's elements of social media that I also don't enjoy very much right and when you're kind of down Those are the things that know at you when you're a hundred percent like I am right now I pull right through those barriers, you know, and it it wasn't until I went on that vacation and Kind of got found that center again and remotivated man. It's so cool because life is so awesome and It just reminds me that there's so many people out there that that really do kind of come to us for a little bit of coaching Motivation as long as they understand that we don't profess to know it all and that's the cool thing about this I there's not a lot of egos in this group that there's a lot of confidence And I don't want to misconstrue that I do have a lot of confidence I wouldn't do this if I didn't think that I Wasn't putting my time to value Right in line with what how I honestly feel man And it's those validations that we get back to kind of fuel that fire Matt So I don't know if you've got plans. You're gonna kick on to this next live stream Matt So, you know, feel free to stay with me until the very end or if you want to segue and go make yourself a drink For the next time I will be in your guys's live stream to support Matt. So yeah, I think that's what I'm gonna do I much appreciated. I always appreciate you stopping by I know you have the the kids and the missus waiting for you after you're done your stream And I know you you so you you do take a little bit of selfless time to spend with us and answer any Some some questions before kicking off and spending the rest of the night with them But yeah, I'm gonna go ahead and do that and Probably kick it back with Kyle in the back end over there I haven't talked to him in a couple days as well But as always much appreciated man and always reach out to us. Well, like I said behind the scenes I mean, we're trying to just make sure everybody eats from the stuff that we're doing behind the scenes and Also, just keep up with any any sorts, but I might do man I know you do that money is not it that money's not it That's the goal I've taken some small videos of some of the travels that I've done and I have a lot of people being like Man, you need a blog and I'm like trust me man. It's coming. It's coming I'm gonna do it more full-time. There'll be a completely separate channel for it. It's completely no doubt Thank you so much, man. I really hope I can to do this more often. It's always a good time And as always we get we got good chemistry together. So no Keep keep killing it brother be well. What an inspiration. Yeah, I just love that guy He wears his heart on a sleeve man. No doubt it those good people out there a good group of the community I do want to say, you know, I did change up the live stream. It's just what felt right tonight I sent Matt the invite. I I really genuinely enjoy having him on the channel You know me and him Sometimes pulse in on some stuff. That's really insightful and it's very similar Even though our applications are probably different just like every other investor in here that that may deploy certain elements of the program A lot different than than us and I'm the first to sit here and tell you man That that's okay every new person that I sit across from and I just will close down and spend the last couple minutes of the live stream Speaking about the independent investor opportunity first and foremost I said I do everything I can do to roll out the opportunity to make myself available I'm starting to get some significant demand over my time If you do in fact want to take advantage of the opportunity with me I would encourage you to kick over to independent investor group calm. That's independent investor group calm That's how you can get yourself set up 60 minutes They usually ends up turning into two hour meeting with me on what I consider to be the M1 experience part of the package Part of that is joining our private. What's that group and it is it's private We we are a family in there and it's a relatively small group of around 30 patrons in there now And it's a sticky group the the folks in there are like my family. They they I would You know, I would take it a little bit. I've had one person. I think be like hey I don't I want to pull back. I don't have the time and that's totally fine, too No love lost at all You know, we love everybody that comes into the channel But we want to make sure that you're staying up to speed on those opportunities Because the independent investor channel as it's grown and evolved over the last five years will continue to be the arm Of of the channel But this is the heart of the channel right here the Friday live stream is what I do It's what I will continue to do. I have the most fun doing the live stream I have the least fun doing scripted videos outside of highly on videos, which I could do highly on videos all day So you can kind of see where my niche is falling on the channel along with some promotional content That will continue Through the actual face of the independent investor channel But just please know that I do make myself available much more on a personal basis. That's all I'm going to say to plug that Opportunity, it's my job to make that available to those investors that may in fact see value in it if you don't Seek out your opportunity elsewhere. But as long as you're seeking out that opportunity I will wish you all the well in this life No doubt about it because there's a lot of people out there That needs some coaching needs some tutelage needle motivation need a third-party objective opinion, etc So I I'm a pretty good person at sitting across and I have I've sat across from hundreds now Which this opportunity has brought me to that But there's only one of me. There's only so much time in my day. I do hold down a day job But just do know that those opportunities do exist. Okay, so independent investor channel Excuse me independent investor group calm independent investor channel calm is my other website Where you can check out some of the other stuff if you're interested in a YouTube channel If you're interested in the equipment that I use if you're interested in any of the affiliate program Links that I have they're in the description of all my videos canva is is a good example Stock Rover as a portfolio tracker I trust capital which is the only Roth IRA on the market that you can buy cryptocurrency in I just disclosed to you guys tonight. I mean with the increase of bitcoin over the last Three or four weeks my account is almost doubled almost And it was one of those small investment elements of the portfolio that I put in place And and it's a far cry from the way most people buy cryptocurrency. So Please do keep those things in mind. We didn't get to the portfolio reviews tonight But what I will do is I'm actually going to send another invite into the thread right now It's at the bottom if there's anybody in the gallery who wants to spend a little bit of time for me with me No strings attached man. There it is. It's there. If you kick in you will get to talk to me I'm not a robot. Okay. This is not a pre-recording I don't script my stuff But if you have a burning desire out there and you're you really think you might need me to head something off at the pass for you I'll put myself out there for a couple minutes at least after the live stream I will have to kick over and put some stuff to To the YouTube here But I'll check back and make sure that there's nobody in here who wants to kick in here And it'll be a first come first serve So if you kick in here and you see somebody else just wait your turn I'll try to cycle through everybody and and get everybody through Through the opportunity but with that said it's great to be back. Thank you so much for the support man The channel wouldn't exist without you guys. It's more than me. It's more than you It's really about the mission and it's about leveling the playing field for Those individuals out there that I advocate for and that is the retail investor. I don't care if you're 70 80 90 years old I don't care if you're 20 30 40 years old Okay, this can apply to you And if you don't think that you need to listen up on personal investment savvy, this stuff takes a lifetime to learn Okay, so if you can kind of drop the ego a little bit and really take this opportunity to maybe self-assess grow identify some weak spots identify some new goals step outside yourself challenge yourself, right and Really step into a new world of Personal finance and discipline make yourself a regular on the channel. We'd be glad to have you It's an open-door policy cost you nothing to come in here every week Catch a piece of the independent investor channel live stream guys. So with that said we're gonna sign off We will be back next Friday eastern standard time nine o'clock. I would like to welcome all the existing subscribers to the channel as well as any new Investor out there that's catching this for the first time Congratulations, this information can be a life-changing you do not want to shy away from this opportunity Because like I said in the live stream tonight The more personal wealth that you have and the more personal security and financial security that you have The more the doors will be open in your future not closed guys Thank you so much for being with me. We'll catch you next Friday on the independent investor channel live stream