It is with great honor that I come on every single Friday and celebrate with you kind folks It is absolutely fantastic. You might ask what Ryan? What could it be that we are celebrating? This week yet another down day in the market another week in the market down another month down in the market What do we do Ryan? What do we do man? I'm here man. Tell me help me help me help me Kind of gets kind of simple a little bit when we are Seeking perspective on this deal. Yes. Oh, tell me more Ryan. Tell me more I have a little bit of homework for each of you guys And it's a good one since I'm just a little Corner of YouTube just a little fella that could Viewership is going down. See that's the thing is when the stock market goes down. Nobody wants to tune into YouTube I don't have a choice. Okay? I'll be doing this project and I've said this many many times whether or not there would be zero people in here Or there's 50,000 people who come on and they get to listen for 60 minutes and they get to pay Nothing to listen What makes me so special the fact that I would suggest that I'm actually not special at all Kind of qualifies me All right. Now if you don't want to hear it from a no-named nobody who has a Catchy little name that he's come up with for his independent investor channel You've all heard of Netflix. Okay? The most overpriced stock out there Investment of the last five years, but I do have a Netflix subscription You can pay for the 4k if you want to that's how they get ya. That's how they get ya But there's a pretty cool show that I watched this week. I got some entertainment out of it I really did. I thought it was good. It was called and it was on Netflix So you can buy into the the group think right you can feel good about yourself that because everybody else was watching Netflix That you can as well watch Netflix as well. All right So what you're gonna want to see is get smart with money. Okay? Get smart with money It was a good watch. I encourage you to watch it.  All right I didn't get to choose that disposition my mother and father had a lot more to do with them than my own Personal free will and choice and what you see before you on the independent investor channel, okay? So from a position of neutrality you can go on Excuse me catch Netflix catch get smart with money. There's some really good fundamentals in there That are gonna kind of help you. All right It doesn't always have to be about Seriousness, I mean we were joking today myself and my wife about the fact that we paid $4 for a cucumber at the store $4 for a cucumber.   It's no good. It's no longer there for you to enjoy I find it ironic. I think that there would probably be a lot of people the millions of people that you actually beat out Did to get here and enjoy this life that you all are enjoying? To trade it all Trade it all to come back like the terminator nude, right and and and just start from scratch Just to live this life that we all too often scoff at. Oh, we've got it so bad Oh my god, and I gotta pay $4 for my cucumber. Holy moly. The sky is falling It's coming to an end the stock market will never go up again never I Look back over my 25 years of investing and I'm probably like I don't know I would say probably there's probably about less than 36 months I'm not I'm not exaggerating 36 months out of the total 25 years that I've been an investor that That the markets have really been Pretty bad, right where I've looked at and I'm like, all right. It's bad. It's bad but Make no mistake about it if you didn't want to tell your friends that you watch this individual on YouTube Okay, the white hokey from the country. That's me. All right Who should have absolutely zero zero education enough to sit across from somebody and speak about personal finance personal finance The sheer reality is that the disconnect between what people think They have to somehow adhere to with regard to an image with regard to personal finance is Just a very barrier that I strike at knocking down for people. All right regular people can achieve Insurmountable goals in their life. Okay Conversely people out there who seemingly live their life with a chip on their shoulder They make exuberant amount of income But they've got their head so far up in the back side that they have to spend 10 12 13,000 There's one couple on this show that I recommended to you guys that The individual who was trying to help them I think it was the money mustache man or the mustache man or the catchy mustache fella See, that's the thing is I don't really have any I have kind of spiky hair I guess I could call myself the spiky hair investor and then I would probably catch fire No pun intended over YouTube and people would come and watch me. They'd be like dude You got to come and check this guy out man. He likes his hair on fire. It's fantastic But what does he actually talk about? It doesn't matter man.  It's it's fantastic.  He speaks like me None of which there were two out of the there was one out of the three secrets that I give away about wealth building And I give them away. They're free. All right the secrets to wealth building number one is the simplest wealth building tool If you are a non-investor and you're taking zero risk in the stock market The number one thing you can do is invest in the S&P 500 that got flushed out in this show What never ever ever gets talked about is the very lack of council the lack of Motivation that you need in way of a financial planner fluffing the ass all the time right and charging you 3% to do that Number three tax protection very very important soul S&P in the right account self-directed Roth IRA accounts self-directed hence the name independent investor Independent when I go to work and people are like gosh dang Ryan, you know, how's that stock market thing working out for you? I'm like, well, it's pretty bad. All right now I'm referring to those months the three out of the 25 years The three years out of the 25 years that I say that Because as an independent investor, man, look, you got to be tough. You have to be that investor that is above it all. I Talk about this all the time. You got to walk around like you know something that others do not know. All right, and It does yes In fact require you at some point in your investing career if you are a long-term investor to weather storms Okay, it just is an oxymoron to Enter into stock market investing and expect that it is always going to be in your realm of comfort the entire way All right, and right now for a lot of people it is Stretching the line of comfort. Yes. I don't know about this Ryan. God dang. This is this is crazy I this is fouls talking about increasing the Prime interest rate by 75,000 basis points I have no idea what that means, but how should I be concerned Ryan? What what should I do? Should I sell all S&P 500? Should I liquidate a Le Roth IRA? I don't know Roth It sounds like a like I don't know a nice clear soup that I would cook Should I just liquidate everything and just take it and what are you going to do with it? Okay? You embarked on a plan you were able to save up X number of dollars and what I want you to pay attention to in this Netflix documentary is the successes both on the debt side the debt reduction side and also the Fine tuning in one particular case. I really gravitated to because it was fantastic In that the importance of a side hustle anymore came to came to a head All right So while I'm watching the portfolio roll off more than I've ever seen the portfolio roll off And it's been doing so since January of 2021 guys. I've said this many many times on the channel I've said this very thing Okay, and it seems like Every single day more and more kerosene gets thrown on the fire More and more now it gets thrown on the fire Might I contend that the market down 20% right now that has more of a chance the more the market goes down That the more chance we have of the damage being done Okay, in other words, it doesn't the oothe you now to say I'm done and I am and you're done You raise the white flag you throw in the towel. I'm done on this whole thing. I'm not out Okay, the stinking youtubers man.  I tell you what this Jerome pal guy I tell you what he has it out for me. It really does. All right, and this Putin thing That doesn't help at all either, you know oil can't even hold a price and here now We go again with real estate seven months straight on the downtrend for real estate. What do I do? I need to start really pulling back on my assets and pulling them back under my umbrella, right? That's the right thing to do right Ryan.  It was my bad, but I tell you what I'm going to make it right right now, Ryan I'm going to make it right right now By going ahead and I'm going to pull everything back everything that we've started We're going to pair back on we're not going to we're not going to continue any further Okay, because right now September 22nd 23rd. That's it. I'm pulling chalk. So I'm out of here, baby I'm out of here. I can't take it anymore I can't take it anymore I guess that's a I guess that's a way forward We need to stop living in fear my friends Okay, we need to stop living in in fear and let me just give you some Some hard reality. I was going to give this at the end of the live stream But I feel it prudent to give it to you No Because a lot of people can't make it more than 12 minutes and 22 seconds All right, I mean I I could seriously just take all my clothes off and do a pole dance for you And that would be the only thing that would keep you in the independent investor audience But I'm not going to do that. All right. I'm not going to do that for you. You're not so lucky Okay, that show is for one person and one person only Well, let me tell you something and let me let me let me clear. Let me I'm going to level with you right now my friends. Here it is. Okay This is indeed a test And this is a test of proportions that you have never been tested along If you've gone through downturns before in the stock market, you know exactly what I mean But for the majority of people out there, they're going to be like, dang I tuned into this guy and and I'm getting a verbal lashing right now I feel like Ryan has whipping me across the face right now this indeed is a test and Unlike test in your life where it can result in injury It can result in failure. It can result in perhaps maybe I don't know a demotion at work Perhaps maybe even you lose your job Why because you're one of those people who are willing to try Okay, and sometimes it doesn't work out All right Right now is a small inkling of what it is to be a stock Market investor my friends say it with me stock market investor All right, if you don't want to be a stock market investor go ahead and just take door number one Door number one liquidate everything And you'll completely remove all risk from your life all together And then you can be happy with yourself in the moment and tomorrow And the next day You'll wake up and be like Dang, I I showed that sucker. I tell you what that's on the gun He comes on and he influences people. I tell you what he influences people. I tell you why he ain't gonna get to me No way jack. He ain't gonna get to me Right And then a week goes by Maybe the market goes down another 5% It's down 20% right now. Okay. It goes down another 5%. I got the tickets.  I told you you gotta liquidate everything. We're good to go I'll tell you what as a matter of fact tomorrow. I'm gonna drive down to the bank and I'm gonna get my payload I'm gonna get my payload at $12,000 that I had safeguarded in there that I kept away from that independent investor channel Pella Pella Deller Deller. I'm gonna go get that out of the bank and I'm gonna bring it into the living room And I'm gonna put it on the dining room table and we're gonna sit there and we're gonna stare at it And we're gonna manifest over it.  It ain't me, babe. It ain't me. You're looking for Okay And then a month goes by okay rest on the decision that you've made Mm-hmm And then two months goes by And dare I might suggest my friends that this audience will in fact encounter Six months down the line from today's date Let's just say when Ryan came on and lost his rocker on the independent investor channel live stream Trying to make a point mind you. I'm completely fine. Okay. I'm completely fine But I'm in character here because this is what gets people's attention and I I'm not gonna do the pole dance I'm not gonna do that. Um, I should because I'm not netflix. Okay But six six months down the line What if it is that perhaps maybe we enter into somewhat of a seasonality? Or perhaps maybe enter into a new year like 2023 when there are some incredible initiatives on the horizon and the stock market does a Funny thing. It does a rolling reversal on you It does a rolling reversal now over the course of that six months You've done forgotten it. As a matter of fact, you've actually taken some initiative You've taken control of your life and you've actually depressed or massaged Or carefully circumvented the unsubscribe button from the independent investor channel You've unsubscribed from the channel and you've done it. Maybe you had a little seance ceremony Right where you've actually unplugged yourself from such things. Boom.  Okay You go out and wrench the car for a while Okay, now that cash pile still sitting on the dining room table at 12,236 dollars and 12 cents sitting there. Okay, you showed that something you did you showed him Six months down the line, man, you look at the stock market and you're like Interesting Harriet It seems to sit that interest rate thing. What's it such a bad thing after all It seemed like during that covet thing we gave a lot of money away And and there was a time period where the stock market suffered for it I kind of thought that they were printing a little bit too much money during that time I thought we'd pay for it and I tell you what I just wasn't expecting that 2022 kind of punched me in the face here You know, I mean it was it it was unexpected And the market does a funny funny thing and it does a rolling reversal on you and it goes up. All right all about the time that You thought it was time to pull chocks The the reason why I I draw this staunch distinction is because I I tune in now to cmbc for 10 minutes a day 10 they give a free Preview for 10 minutes a day Okay Because any more than 10 minutes they should slap a surgeon general's warning on to cmbc And they would suggest that too much of this content is just about enough as sticking your head in the toilet and drinking Because it seems to draw you into a narrative it seems to draw you into a narrative And draw you away from the very focus that you need to be focused on Will we go into a recession? Yeah, I don't know Am I supposed to change my habits if we enter into a recession? Am I supposed to feel worse about myself? For entering into a recession Am I supposed to pull chocks? Right now and raise the white flag because ryan took his white flag on september 22 I don't even know what the date today is but september 23 We're throwing in the towel tonight.   And here's the thing I've been talking about all of the things that have been going on and it's just this what makes me very very unique and very very special Um, I watched the netflix thing and I watched it with it. Perhaps it's arrogance on my part Um, but I've been doing this a long long time a long time And I I'm fighting This idea that you have to be someone special to Uh, exercise a little bit of financial literacy Okay, I believe I have a belief that people can do it That it's funny. It's funny. I don't know coach me ryan helped me Put put a leash around my neck. Please and just just walk me 20 minutes a day Some people need that hand holding. It's okay, but I um I I love the world for what it could be not necessarily for what it is Think about that. All right chew on that for a bit I believe that people have more um ability capability I believe that people have capacity to understand their perspective More than they give themselves credit for I believe that wholeheartedly So when I watch this netflix thing and a lot of these people are earning a living doing what it is that I do now on The youtube independent investor channel and have done for free at my own free will Uh, and I've done so for the past five going on six years Uh, it makes me a little bit proud of the fact that I even more separate what it is that I bring to the table for people and I kind of watched and I was like Man, am I am I really that good? Am I really that good? I've always I've always insisted that the level of success that you have as an influencer For a social media personality and that's all I ever want you guys to um Think about me as Is just a person if you met me in person, man I I would hate to disappoint you because you're going to get exactly what you're seeing right now You would see me I'd say hey, my name is ryan. What's going on? But the sheer success that we've been able to Garner on the channel up to now The successes that have been rendered with people's budgets the introduction to people to the s and p 500 The idea that people can take command over their money without having to crawl To the services of a financial institution or a financial planner Only set forth and forward by the very image of the suit and tie And and the sales agenda that they do a very very good job of keeping As much under wraps as they possibly can It's the biggest sleight of hand. I call it highway Modern-day highway robbery and financial planners don't want to hear this financial institutions don't want to hear this stuff Regular people need to hear it They do and then they need to be free to make their own decisions about what's good for them And finally the tax protection element how much have we actually taught people in way of Looking at your portfolio as a percentage of the amount of tax protection that you have And a lot of people have come with me. I see mats in the group here in good evening to you my friend People have come to me and they say well, you know, based on my income or based on my Ineligibility for a Roth I want to have more access to my money because I want to retire at 40 45 50 whatever it is, right? It just speaks to the individual nature of the plan Not every individual in those unique situations speak to the masses the way I want to speak to the masses Okay, most people and I would suggest 90 percent 90 9 out of 10 people could value from Exploring the options of a self-directed Roth IRA account 90 percent 9 out of 10 Now if you're making more than 130 my friends, I am not one of them. Okay. I'm your host I'm your content creator I'm looking to organically share my story with you guys Yes, the losses in the portfolio right now are very very real Okay, but if we can share those experiences together and understand Why we do what we do we adhere to that discipline We live to fight another day and why we do that Okay, then people can actually tune in and and they can be put at ease a little bit and understand what it is And why they're doing what they're doing And this is why I level with people. This is why I joke with people aside from the stripper pole But I promised you guys I won't do that. Okay I have to make an impact. I have to make an impact for the people who tune into my message And I have to believe that there's people out there that truly need that inspirational message to understand that The message that comes from me doesn't have to come from somebody special Doesn't have to I'm just a regular fella telling you it's okay to dare to uh pursue Greatness and greatness in your life is relative. It's not going to be the same as mine It's not going to be the same as amp george and it's not going to be the same as panellope next door Who cares about your next door neighbors? Who cares about your family members and the success that they honor outside loving them unconditionally? Who really cares about the size of their wallet?  Call it what you will Call it what you will The second just the what that you wake up and realize that you're living this life for you and not others The better off you'll be Take a hard look I want you to try to find those commonalities in this get smart with money and a lot of you guys have probably already seen it But you haven't I would highly suggest that you go do that and I would charge you with identifying with the common theme In each of the test studies What is it that was identified on the onset? What was the key to changing?  Did the behavior change how much of a change was necessary to render results? Yes How much was involved with another person a spouse a couple or as an individual? How much did mental health potentially play into it? These are all questions that I think you would really get a a good bit of value back out of it If you spent a few moments, I think it's a 60 minute clip Maybe a little over maybe an hour and 20 minutes or so Hour and 10 minutes, but it was a good watch And there's some good fundamental lessons to be to be had there about You know what what's going on in the market right now? I I I always scoffed at those people who are like Yeah, it's okay. The stock market's fantastic. All I've got to do is invest in it and then I'll be done in a couple of years For those people who have been with me a long long time They've heard me say many many times and I'll say it again The stock market is a humbling place Okay, but your choice of being a non investor and taking all risk off the table and actually be being an investor and participating in financial markets Is no comparison whatsoever at all. Look if you want to live carefully go ahead and do that There's a small inkling in my brain They kind of envies those people that just kind of go through life and it's just easy and they don't worry about anything And they're $40,000 in debt and they just keep spending and spending and spending and they love target And they just love it and walmart too. It's so fun. Maybe we hit both in the same day Bed bath and beyond it's so fun to say and the store credit cards. They're so nice And they'll give me 15 off of my initial order if I sign up today It's so lovely Oh, this country this country is so lovely It just pulls a little piece of us in all different directions until our clothes really do come off of us Our shoes really do just float off of us and we're stripped of our home and we're out on the the sidewalk Actually for a lot of people it's ironic that that actually never it never actually gets that bad people It's funny to me the the the minimum level of Civilized living conditions that people can Enjoy and still be that far in debt like I was watching it and I was listening and parsing the words And oh, I don't want to be too harsh here. I don't want to be too harsh, but a lot of people are absolute pussies um a lot of people need to understand that Life is a gift and so are your blessings You need to find and define that medium of happiness for yourself and everything above that line Is a luxury? You you you need to find that happy Medium and you need to find that happy existence outside of the necessity to inject Money or anything material within that Much more difficult to do right much more difficult But if you can find that place Money is a byproduct You'll get to a place like myself that I would if I could just impart to you and I could just give you the greatest gift ever It would be that the least amount of time that you spend And the less time that you spend pursuing money If you have a disciplined program the more money you'll earn Into your into your later life and you can get these disciplines in your in your teens You can get these disciplines in your 20 the quicker you figure this out the quicker It comes right down to this and here's the key to success The quicker you could disconnect with your money the better off you'll be and disconnecting with your money takes getting organized Understanding your buckets i.e. your accounts, okay? Establishing those accounts with strategic goals over those accounts You'll see a little bit of that in the get smart with money program that i'm recommended to you The side hustle money and how that's kind of segwayed into an account A lot of the same way I kind of do my thing I know there's a lot of people in the gallery as well who enjoy that little bit of side hustle And every dollar that comes in helps kind of buffer the losses in the portfolio at least the portfolio Paper losses that we're incurring right now in the stock market It can continue to do whatever it is that it's going to do I will be there at that decision point six months down the line guys. I will be a player in the market I will not be Reflecting back on a decision point where I got upset at myself for engaging in a plan that requires a little bit of risk Uh, I'm not going to get mad at the fact that I tuned into an independent investor channel guy And or many others that are successful stories down to the roots guys I'm going to be there Whether or not you want to take this journey for me whether or not you want to watch the channel Whether or not you want to be envious of me. I would do this irrespective of this project Okay, it's the very sheer nature that I share this that makes this message special All right, take little tidbits use it for yourself Enjoy the journey with me hell a lot of you guys are already there and that's fantastic We want to celebrate success. We don't want to scoff at it. We don't want to lust after it We don't want to be envious of it. We want to acknowledge it And we want to make it more commonplace for people guys. I'll be back with you in just a moment No I agree with these picks here. Thank you very much. Sharon great to see you my friend Appreciate you coming on I'm going to run down a quick list of things that you can ask yourself as a cross check of what you're doing right now Um, are you still diversified assuming that you haven't taken the money? And convinced Harriet that you're going down to the bank and you're going to place it on the coffee table If you look at $12,000, it's actually kind of cool. I have before I have one time in my life And I was like, wow, that's a lot of money man for $12,000 It was the exact fishing check that I got and I cashed it and it was in my hands for all of about I don't know an hour and 10 minutes until I had to Put money aside for taxes pay all the bills that had built up And and and put a little bit away in the savings account and then It's gone It's gone right That that's quickly where I learned the very very important lesson of looking to separate from from your money because in all actuality If you'll feel better about taking that $12,000 or $25,000 or whatever. I just use that as a token amount Um, you're missing my point if you don't understand Um, you're not going to do squat with that money anyway.   That's key over your diversified suite of assets. Are you still diversified? Yes or no very very simple very simple All right, if you own etx index funds, if you own the s and p the answer is yes for you. Congratulations um Are you still adding in these markets? Uh, it's test if you have the the mental fortitude to actually invest into down markets I've been through this before I've been through it a lot of times. I'll go through it again um But the ability to add strategically in markets is a skill There's no right or wrong way of doing it The easiest way is to do it every month through a dollar cost average program and there it's done man It's done. You don't have to even waste your time with me, man.  You're good. I give you the blessing. You're good to go your dollar cost averaging You're buying the market in the dip will it continue to dip the dip the dip? I don't know do the dip and dip and dip and then it's a dip and dip and dip when it turns around You will have bought the dip Okay, you will have bought the dip because you bought systematically on the way down this This is not rocket science guys and I I know I think it's cute. Okay. I could paint a mustache on I I get it It's cute. It's catchy But nothing of what is being said is that freaking special? Okay, I'm speaking English predominantly to what I would consider to be a predominant English Audience here and if I'm speaking as clear as English as I possibly can I'll tell you that you can do it too and you don't need to look at my pretty face with a Mustang A mustache that twirls and gets people to watch me. Okay stripper pole. All right Have you improved something over the course of this downturn? I earmarked to the day and to the month The very time on the charts where I earmarked the month of the downturn starting and that was January of 2021 It was actually after a regime change of the presidency Now I'm not suggesting that had anything to do with this downturn Maybe it was ironic. Maybe you agree. Maybe you don't agree. I don't really care It just so happened to be January of 2021 when this stuff started to happen for me Okay, maybe your guys's portfolio was going bananas, but I'm looking at the portfolio right now and it's heavy in the red On names that I want to continue to hold like Aaron talked about some of the opportunities out there I think Facebook's trading at 13 times sales force Even some of the micro cap stocks that I hold are now coming to profitability Have coming off a fantastic quarters and they sell off highly on great company with innovation Additions knocking on the door to stepping into increasing revenues They're going to increase revenues next year and then stepping into the back half I'm going to increase those revenues as well. Those companies are doing well only to be falling on deaf ears in the market right now Some companies that are trading it Almost such recessed evaluations that they're almost even money You're basically just buying one for one Every share of stock that you own you own real dollars in the company It's that bad right now And I explained it over twitter as being a severe disconnect between what's going on in the market um and and the reality of the situation and Uh, you know, I mean there were some people that came on and they were screaming and yelling today about your own pal raising rates He has to do it. Okay. We gave every nimrod in this country Thousands and thousands of dollars. Okay. It was the first time that had ever been done Okay, everybody got their money if you had a bank account and a social security number and you can Declare your favorite color to the government. You got a lot of money It's first time we ever done it. You can't do that Okay, you can't do that. I disagreed it with it when when we were doing it I have compassion for the situation. I truly do but I thought it was the wrong Way to go about it and lo and behold we are suffering from it right now And it's not because of Jerome Powell. Trust me.  That's what it's about Okay, so for you guys that are sleeping under a rock and think that Jerome Powell is to blame for all this You need to wake up and you need to understand that supply and demand is a two-way street Okay, everybody was happy as a clam last year when the market just started to roll off And there was a few cracks in the market, but the market was still holding in very very steady Not a whim not a whim of correction Not a whim of recession Not a whim of any type of of multiple contraction Which is everything of what we have right now not a whim of talking about a stock A real estate market that everybody in their right mind knew was bananas. Everybody knew it was it was bananas Everybody there's buyers remorse going on right now like no tomorrow. Okay The real estate market is rolling off and rightfully so is that going to be a systemic shock to the market? I believe that it will I believe that it will So we will see what happens. Okay In your own personal households has your debt Over the course of this two years gone up or down very very simple question Has it gone up or down?  I want to improve upon that. I want to make that better While all this crazy nonsense is going on in this portfolio and that Jerome Powell I just want to kick him in the teeth because he's a bad man He's a bad man and by god Jerome owes me Okay, the whole government owes me man. It just owes me.  I wrote this down This is one of the very very things that you can actually do right now is bear down and dare I say I don't know work. Maybe maybe you get a promotion out of the deal. I don't know That's what i'm doing right now. That's what i'm doing. I'm hustling All right, and i'm doubling down on my work ethic. Why because that's the very fundamental that's right here It has never left.  Okay right now right now So looking at it in the acute really doesn't do you a whole lot of good But How much of your dollars you're tax protected that's very very important to understand for those income earners that have that ability to contribute to the Roth You need to take some comfort in the fact that the dollars that you have in those accounts are tax protected and finally Are you self-directed? This is the this is the huge differentiator And I just told if somebody came on my channel, they always do they love me They they love coming on because they know that i'm going to punch back and it hurts them It does because my left hook is a really really good one. My right straight is very very tough But they always want to come in during times like this and say See I told you I tell you what the value of a financial planner in down times has never never been so evident right now I tell you what come to me come to me man. I'll take care of you. Come on. We're all like family We're all like family really how much does that family advice cost? Let me guess three percent, right? modern-day highway robbery modern-day highway robbery There's a little bit of um motivation. I just lost a battle this week against the man Financial institutions do not like us coming on and talking about topics like diversification And etf products like the smp 500 now mind you I can say smp 500 I just can't name individual products out there because evidently Nobody on the earth understands that there's a company called vanguard that offers said product Furthermore if I came on and I offered my youtube independent investor opportunity and I talked about bicycles Okay, and somebody took my advice bought said bicycle went out on the road got themselves killed Okay, I could not be held liable for that because all I was doing is recommending the color red Which is my favorite on a bicycle and they just so happened to go and got themselves killed Okay Well, they saw it on the independent investor channel and by god He didn't he didn't mention to wear a helmet and he didn't mention to ride out into Oncoming traffic and and and ride Valhalla style into oncoming traffic and now they're dead. Okay No, the financial institutions man. They can't have it all All right This is not a topic to suggest that if I say that apple computer exists out there that I'm somehow Stepping into an arena of some gray area No apple computers exist and my friends I own shares in the company The very landscape is changing and understanding the opportunities out there and those opportunities are made possible by people like me Who come on to a social media platform? And I speak directly to you about what opportunities? Yes indeed do exist and it wasn't until 10 years ago that I understood that this very same financial institution Offered the self-directed Investor program and a guy like me took it and lit it on fire And accumulated $500,000 of net worth in a very very short amount of time and oh, oh, no We created a monster. Hmm. Maybe we shouldn't have done that Maybe we should have kept it all exclusive and made people understand that they need to be Hindu cows for the rest of their life And they need to crawl to the services the financial planner To somehow seek out a nominal retirement.  I'm not I'm fine My portfolio is what it is And if the only value that the financial planner has in down times is to provide me a little bit of Encouragement Ryan what I need you to do is I need you to hold you on financial markets because we've been through these volatile times In the past and they will in in time pass as well And they will pass for you too my friend Listen in six months or a year's time. Do you want to be looking at this time right now? Having been succumbed to the volatility in the markets only to liquidate your portfolio and regret doing so Ryan I don't need that Either to you because I tell you what it's really expensive It's expensive It's expensive There's a little bit of like sheer just Doing this for the sheer principle of it Self-directed investing is very very fulfilling Because I only answer to myself If I make a mistake a mistake like a lot of people would suggest that I've made with highly on At this particular time, which is One small aspect of my portfolio. It's my largest single holding But I have hundreds of thousands of dollars wrapped up in the passive markets Why because my conviction lies there it always as I've always taught along these lines And people who invest like this understand that If the market or the smp is off 20% Any investor out there should be able to and I will premise this by saying it is a condition of success in the market To be able to weather these Inconvenient Timings in the market. They're just inconvenient. That's all there's all kinds of stuff you can do you can buy when it's down SMP is a barometer of the stock market, right? So you look at the smp when it's down. What do you do? You buy more you buy more Really simple I I don't know how to make it more complicated for you. I I could try But it's actually very very simple If in fact you want to be an investor if you don't again remove all risk from the table Go set it on the coffee table and you can look at it while you watch netflix. It's not simple. Okay Very cool stuff We got 10 minutes left here guys. I want to get to some of the comments man I got a hell of a gallery in here. Very very cool. JJ. He says, what's up, Ryan? Very cool, man. Great to see you my friend Very cool. Not too much working my tail off. I'm exercising I'm focusing on those areas that I would Wish upon anybody in times like this to focus on because I'm telling you I'm very very busy I got the kid playing soccer again My work is absolutely fantastic. I'm I'm climbing one rung at a time And uh approaching a multi decade goal of mine And I'm very very proud to say that I kind of see the light there I kind of see the light and I it's very very motivating for me And uh, let's see. Let's see when we can get there man. I'm I'm super stoked on that And and that's why I kind of cringe. Look man. It look freak guys freak freak and freak If you can retire at 24 man, I'm freaking all about it. It's not me. It's not me And I'm not going to apologize for that if you don't like my message And you want to say I want to retire at 2024 and Ryan doesn't like that. No, it's not that I don't like it I'm just telling you okay. Not everybody can retire at 24. I'm sorry if you don't like that That's just a freaking reality of it.  I don't I don't know You know It's okay teach his own baby It's times like this when I look at my job and I'm like dang I feel freaking sorry for those people who thought that they were going to be youtube millionaires And now they've got 40 or 50 000 subscribers and they're making $400 a month and they're like dang This wasn't as good as I thought and oh by the way if I stop youtube owns me If I stop I'm screwed I'm screwed That's the thing guys if I wanted to just chalk up the thing about the independent investor channel Let me let me impart to you something This is a project that means a lot to me. Okay It means a lot to me because I feel like it was a a calling of mine To engage in this project and here we are But here's the thing I have never ever ever Done this project because I felt compelled to do it In other words, I've never done it because I felt that youtube or somehow I was slipping in the algorithm Never I do this project when and how I want it and that's it if I want to take a week off I do it does my ad revenue suffer Yeah, it does but I get to me maintain creative Governments over my channel youtube doesn't they hate me I'm using their platform free of charge to retain That very freedom that I want to retain that they own of most others Now most of these other channels that are making tons and tons of money I I give them all the credit. You're missing my point You're missing my point. This is perfect for me. This is great If I could make just a little stipend to kind of make my time worthwhile and kind of look at it and say man alive I don't I want to do this. I don't want to sell ebay. I don't want to do craigslist I don't want to do this or that over here. I like doing this. It's not work. Boom. You do it Right It's very very cool. It's it's very very very rewarding in that in that sense. It's very cool, man But um derrick I really appreciate you man. It looks like you've got a bass there It's kind of small. It looks like a smallmouth bass. I could be wrong. It could be a crappie I'm not sure I'm taking a A dander at it.  Will we be in the same boat that we are in now? I'm betting on no I am a deductive Reasoner my friends. I would highly encourage you to take on that logic Okay, if you think that you can somehow pursue riches in this life by not investing in the stock market I bid you all the best. I do I just cannot in all of my rational comprehension Come to that end the only end that I come to is identifying with the two most lucrative assets in this life real estate and stock market and right now the stock market is it for me and if there's anything that i'm like worried about Or identified as a delta in my own program It's the fact that I don't own real estate right now and we'll be looking to change that within the next five to 10 years I have a looming cloud above my head that most people don't have to and that i'm owned Okay, if if they say jump I say how high I don't have the luxury that you guys do I don't have the luxury of this one test take and god bless her soul man She had 40 000 dollars in credit card debt But it looked like she had an awful nice home nicer than the one that i'm frequenting now okay, so Really kind of comes down to your perception, but I really appreciate you stop by uh derrick. Thank you so much Man appreciate you and uh, hope all's well with you very cool stuff man cool I got the dating site on here fantastic. We want to give them some love. This is youtube Right, so I spend a lot of my time swatting the fleas on youtube because Evidently the think tanks google can't figure out how to do this Okay, they can't figure out and it helped for a while I know it could be a targeted hit on the channel because like I said man YouTube cannot like me. I'm not good for business. Okay I'm not good for business because my sheer intent isn't to accommodate or appease youtube My intent is to use my reach to get to somebody in australia to get to somebody in london england To get to somebody in india Yeah To get to those patrons who wake up in the morning over tea and watch my youtube channel every single week in eastern europe Okay In places all over the world new zealand wherever it is Those are the people that I advocate for and those are the people who I do the channel for It's that simple. Okay, very very cool. It says 12,000 disappears on a heartbeat $12,000 man is not that much money. Um in relative terms. I mean what just A colleague of mine today He said something really interesting and I really related to it talked about the psychology of people Uh, I like the psychology of people as it relates to money And how people go about people for the for the most part Even people who went through school and got good grades for crying out loud and you ask them and it's like, yeah I've done this and that I've done this. I've traveled the 16th chapel and the missing that we've seen the great periods of periods of Egypt But they they can't get out of their own freaking way to save some money I mean, I mean it's seemingly the most elusive thing on this earth and I'm like, no, I did just to save the money I mean, how long does it Realistically take you to get to a thousand bucks and and maybe I don't know 5000 and then be like, hey I can do it man. Ryan says I can do it. Yeah, let's go for 10. Boom. You're at 10 and you can do it and sooner or later you're at 25 and 50 then then it gets tougher because then it's like, okay 50 now. We're kind of getting real I mean, maybe I can buy I don't know a halfway decent car with that anymore. I hill. I don't know. I don't know I don't even think that way. I don't even care Because what I'm looking to achieve is financial security and the cost of financial security anymore is very very costly It's very very costly and it's a luxury. It's a luxury that a lot of people say they want Uh, but but they are not willing to put Aside their own agenda and follow a disciplined program. They are their own worst enemy And and they get in their own way most of the time That's a very good point very good point. It's $12,000. It's a hell of a start The vast majority of people don't have $10,000 of personal wealth That is invested and working for them in the stock market my friends. That's a fact If you're in that camp change it change it. It's all just a decision when it comes down to it. It really is Let me cruise up here and check here No recession says the White House if there is then it's I know I think I saw some stuff like that today kind of funny, you know Yeah, it's it's the world we live in now. It's pretty interesting. He says I'm a financial advisor Financial advising as a profession Okay, can be very very noble the huberts. You have to agree with me here, man Here's the thing. There's independent financial advisors out there There's people out there that do basic terminology like I do let's be real introducing somebody to a budget Introducing somebody to a Roth IRA Introducing somebody to the concepts of risk tolerance and diversification That stuff is like investing 101 and the masses do not understand investing 101. They don't they don't understand it furthermore, I would suggest that Financial planners do a very very very poor job very poor job Of disclosing the impact of fees from an amortized perspective over the life of that potential investor Case in point when you go in and you buy a house What's the very thing that you have to be disclosed upon and that's the amortized schedule The very idea that you are agreeing to a certain interest rate over the course of that 30 year mortgage Or 15 year mortgage and what the ramification on the back end of that acknowledgement or commitment will mean Look if you want to if you want to make a an amortized commitment and understand What one two three percent and a lot of people are going to come in and they're going to say I'm a financial planner. We only charge one percent.  I've been on both sides of the house. I'm still friends with my financial planner I don't mean this to impugn the good work of the good financial planners out there that help people that cannot help themselves Okay, and there are people out there that cannot help themselves And those are people that may not even be able to be helped by the financial planners I would presume but if there is an opportunity to be helped. I'm all about it. I'm all about that Okay from an individual perspective what I have a problem with it is is an industry That is predicated upon this idea that somehow you are provided a strategic advantage and my friend I just do not believe it. I just don't I love you to death. You're a staunch Phenom phenomenal follower of the channel, but this is where perhaps maybe Myself and you and the rest of the financial planning community Would just easily sit back and and disagree and it's it's easy to do that. It's easy to sit back and say I disagree. I provide a valuable service blah, blah, blah. I should be compensated for my service I think times are changing. I really do. I think times are changing with the access of information And I think if people understood this very very simple simple fact Buy the market and hold it long term How much high I'm holding do you honestly need to deploy a strategy like that? I'll leave that rhetorically to the group guys. We're winding down I appreciate you guys tuning in with me. I want to keep this as close to 60 minutes as I can Kind of an impassioned message today. I don't know how much longer this is going to last but I don't really care All right focus on those things in life that are indeed important. Leave the portfolio alone We will continue to footstomp this message and fight for better days. They are absolutely on the horizon This doesn't ever last forever. It doesn't do I think the damage that's been done is going to take a little while to repair. Yes, I do But that's all right, too All the while enjoying diversification adding to the markets watching your wealth grow in other strategic buckets identifying those areas in your portfolio that can be improved upon and always Continuing to sharpen the spear in your application and your knowledge about financial discipline and financial stewardship In your own personal application guys, I appreciate you tuning in to the fast to 60 minutes on youtube We'll catch you next friday on the independent investor channel live stream. Have a great great weekend


meaning this afternoon, assessing the situation. I'm saying it with great sorrow, usually according to this way too familiar tango, an Israeli response of sort is taking place. But tonight, somewhat of a deviation, if you will, a second barrage of rockets. I think there's a few decisions they have to make. There's a major decision that, of course, how to retaliate against which targets and what's the magnitude of their retaliation. Of course, they have, if you hear the mayor of Zderot, you have this outcry coming from the public. It can affect their judgment, but we have to be very cool-headed, practical, and pragmatic. Another decision they have to make is a decision concerning the funeral and the delivering of the body of the prisoner that died. I think it's a very important decision. I think they would go along in the end and return it, but under some kind of condition. The third layer is quite a diplomatic layer via Egypt to try in the end to get to some understanding that there isn't a dis-exchange, there is dis-escalation, but in the end it's around and we contain it. So I think those are the three layers of the discussion. Arsena Strovsky, the security cabinet convening today, but members of the coalition, members of the security cabinet, and those who are not, are blaming the lack of action of the government already calling for an immediate halt for this policy of containment, if you will, urging a harsher response. How do you understand the dynamics within the Israeli coalition at this point in time? I think what was interesting is that we've seen quite unanimous support also from the opposition as well, including from the pit and the other parties towards the government saying that if any military action is to be taken, that they have their support at this particular time. I think that's important. I think it's also important to hear and see what the people of Storot are saying. They are the ones that are bearing the brunt of this rocket bombardment, not just tonight, the last 30 rockets and mortars, I think, today, but really in the last decade plus there's been very little peace. But I think we're also coming off the back of Yamazikaron, Memorial Day just barely a few days ago. I don't think the people of the South, people of Israel, want any kind of escalation. But Israel also cannot be held hostage and subjugated to the kinds of demands and extortion and terrorism we're seeing from people like Adnan and Palestinian terror groups in Gaza and beyond. Yeah, it was exactly this hour, last week, Doronovita, that we spoke about, the Memorial Day and whether the war ever ends. Before we get back to Arsha Feladromi with the same question, Arsha Nosrovsky, does the domestic rift in Israeli society comes to play vis-a-vis the Palestinians? No, I think the domestic issue is one side, but when it comes to matters of security, I think there is broad consensus. And we're seeing that now again, you're seeing the opposition parties showing their support behind the coalition. I think, overall, in times like crisis, war, violence, you see Israelis coming together. Arsha Feladromi, same question to you, sir, from the Palestinian standpoint. Let it be Ramallah, let it be Gaza. Obviously, watching the developments here in Israel domestically, what is the view from Ramallah? I think the Palestinian leadership in Ramallah cannot do anything in this aspect, especially because one prisoner passed away because of the hunger strike and the neglecting of the Israeli side of helping him or releasing him to fave his life. The Palestinian leadership mainly is in a bad situation because the reaction from the Palestinian people is very hard and also very strong. From Gaza's point of view, I think it is also a reason to start to speak about resistance and escalation and many things should be done against the Israeli side. I think the Israeli government did a big mistake in this issue and also brought the escalation and the violence to its side without anything. I don't think that Israel will gain security and stability by these actions or by letting people just die in this way. Yes, okay, we do need a... I do think the divide within the Israeli society has an effect on the situation. We can't take it out of the equation. I mean, there's a consensus about military action that has to be taken. That's not the issue, but the divide itself, the fact that everybody has to play towards its own public and then many of the decisions that they are making are not practically completely tactical or they are more oriented to their public. This is the real fear and we have to be afraid of that in the Israeli society but also within the Palestinian society. The impact on the decision making mechanism for sure. Okay, we do wanna cross back to the Israel-Igaza border, Hamda Salhout, standing by for us there. Hamda, if Pierre Kulashendler and Sirot had 15 seconds to seek shelter when the sirens went off, where you're at, we're talking five seconds? That's exactly right. We're talking anywhere from five to 10 seconds once those sirens go off to go seek shelter, the interception happening right behind us. We were able to photograph and you can see it there on I-24 News' social media. It seems like this round might be headed toward an escalation, the joint operations room inside Gaza that is all of the factions there, Palestinian Islamic Jihad, Hamas, who is the leader. They're saying that they're ready for any sort of escalation, they're ready for any sort of Israeli response. They're ready to fight, defend the Palestinian territories and to respond as they see fit.  This was the first Palestinian prisoner to die of a hunger strike. It seems like a long night ahead here in these southern border communities as well as in the Gaza Strip. We are constantly hearing Israeli drones and warplanes buzzing overhead. No Israeli retaliation at this time, but we can expect it sometime tonight followed by continued rocket fire from the factions inside Gaza. And yet Hamda, judging by the previous rounds of escalation at least, Hamas was reluctant to pursue full-on escalation. Will that be the case this time around? Look, we're not really sure what is going to happen this time around, but we do know that both Hamas and Palestinian Islamic Jihad are working hand in hand here. Hamas has to approve anything that comes in and out of the Gaza Strip. So if Palestinian Islamic Jihad is choosing to fire rockets, it all comes with Hamas' approval. Hamas has been saying for not just weeks, months, but years that they are ready to fight the Israeli enemy. They are ready to put an end to the occupation and they are ready to liberate all of the Palestinian territories here and bring back the diaspora from abroad. So we're expecting a long night ahead of conflict and possibly days of escalation according to Israeli security sources. We're also hearing that the IDF is prepared for potential rockets from Lebanon. We did see earlier last month, Hamas in southern Lebanon firing rockets into Israel more than 30 and the Israeli military retaliating there in southern Lebanon. Now, while there's no confirmation that the Hamas faction in Lebanon will fire rockets, the Israeli military said they're prepared on all fronts. Ellie. I 24 news senior correspondent Hamas Elhoud there on the Israel-Gaza border. Thank you very much for this. We are taking a final two-minute break, which will be right back with all the updates with another violent escalation here in Israel. Two minutes and we're back. Organism that pulsates through millennia. Touch it. Listen to it. Smell it. Taste it. Experience the Holy Land like never before. Holy Land uncovered every Sunday only on I-24 News. I-24 News team of talented correspondents are working hard for you. They're in the markets, on the streets, in the battlefields, getting the pulse of the story. Tune in for Beyond the Headlines to see how the top stories of the week are affecting the real people. No commentary, no debate. Just the best stories presented by our best germans. Discover I-24 News Radio. Now you can listen to I-24 News anywhere, anytime for free. I-24 News Radio is the audio live stream of the television network with world headlines every 30 minutes, starting from 7 a.m. Tune in for top news, magazines, editions while in the car, in your office. Join us from your smartphone, tablet, or desktop to stay connected in the Middle East and around the world. Don't wait any longer. Head to our website or mobile application and click on I-24 News Radio to subscribe. Come back to this special breaking news edition here on I-24 News, fresh barrage of rockets from the Gaza strip fire towards Israel this past hour. So let's cross now live back to I-24 News correspondent, Pierre-Claude Schindler. They're on the ground. Pierre, the last time we were speaking to you, Red Sirens went off once again. The citizens, the residents of Zderot and the entire area of the border communities bracing for a white night of red alerts, as we've put it. Absolutely. Somebody who came over to us said, the party's just starting. So, yes, cynically, they're talking about a party. But basically, they're talking about threats of rockets and obviously retaliation from the Israeli army on the Gaza strip. And this is what everybody's expecting here. The question is whether, as I-24 News learned earlier, the army is bracing for possible rocket attacks from Lebanon. And that could indeed happen if the situation deteriorates even further. Yes, and once again, we learned that no arena is isolated, if you will. You cannot make a distinction or differentiation between the Gaza strip, the West Bank, Jerusalem, not even Lebanon, not to speak about Israeli prisons. And in this respect, Pierre, what are we hearing from the Palestinian side? Hamas, Palestinian Islamic Jihad this evening? Well, we've heard they had a joint operation committee in the Gaza strip in late afternoon in which they threatened Israel that in case of Israeli retaliation on the Gaza strip, there would be a Palestinian retaliation. That's the joint command of all the organizations, Hamas, Islamic Jihad, DFLP, PFLP, Popular Resistance Committee. They're all there. And they're also bracing for Israeli retaliation and a retaliation to the Israeli retaliation. And that's the usual tit for tat that is occurring from time to time. The last time that there was such a tit for tat was in August 2022, less than a year ago, when also an Islamic Jihad operative was arrested. And that provoked a rocket fire and Israeli retaliation on the Gaza strip targets. Yes, the time of the season, if you will. Pierre Couchendler, I-2040 senior correspondent in the southern city of Siddil. Thank you very much for this. And take care, of course, much more from Pierre live on the ground. Back here in the studio with Sgt. Szovski and Lieutenant Colonel of the Don of Italina from Ramallah Ashraf al-Adrami. So again, it is a familiar tango, if you will. And yet, is there anything that can prevent? I wouldn't speak of the next round, because we're currently the beginning of another round. But what can stop this vicious cycle? There's one thing we shouldn't forget, that we had those great fields about the holidays, about Ramadan, Easter, Passover. And it went pretty calm, relatively. And then now this event. So this is the case in the Middle East. You don't know where it comes from. I want to remind the viewers again, that at least the first Intifada started with an innocent accident. And all the time, we have to be very alert to events that can spark an escalation, which is bigger in scale. And I think our military generals, and I think the politicians, as well as the prime minister, nobody wants a further escalation right now. This is not what we want on our table. So the attempt would be to contain it, but to show that we really can deliver a blow whenever such a thing occurs. So this is the story now. Artur Shrawbsky. I think we need to also bear one important thing in mind. Whether we're talking about Palestinians, Islamic jihad, Hamas, on our Hezbollah, which is threatening to rain rockets down from the north. The one thread that weaves all this together is Iran. We saw, I told Kamenei just a few days ago, during Quds Day events in Iran, threatening more violence, more terrorism. We saw Hamas Fidesz Malkhani meeting in Lebanon with Hassan Nasrallah. The one thing that unites them is obviously the hatred of Israel and their willingness to commit these kinds of acts of terror. So when we're looking at what is the cause here, it is Iran, Iran, Iran.  The fresh barrage of rockets about 15 minutes ago or so, we're talking four rockets fired from the Gaza Strip towards Israel. Two of the rockets were intercepted and two landed in open areas. Back to Ramallah, Ashraf al-Adrami, sending by there, Mr. al-Adrami, Hamas interested in escalation. Does it have more to gain or more to lose from a round of violence? I don't think that Hamas is interested to have any kind of escalation. I think also that the strong reaction and action will be from West Bank, if it is in West Bank or in Israel. But there, the Islamic jihad will act in a different way. This is what I think. I think it is right in the term. The strategy until now of Hamas was, of course, an Islamic jihad, that the events would happen in the West Bank. So we really should look at the West Bank and see that the flames don't come from there because we have a constant array of incidents every day also in the West Bank. And in this respect, we've mentioned it earlier in the broadcast, if the Israeli notion or at least attempt to divide and conquer, so to speak, the different Palestinian arenas, the Gaza Strip is one, the West Bank is the other, East Jerusalem, et cetera, this notion is somewhat slowly but surely and not so slowly, perhaps, collapsing. Eroding, yes, eroding. And also the weakness of the Palestinian Authority. Very much so. So my question being whether it's on the Israeli side to reconnect those arenas and form a new strategy instead of the one that we're seeing that is trying to tackle each arena separately. I think, I mean, this is not the discussion for now, but Israel has to carve a new strategy in all fronts, internally and outwardly. Yes, and it will also be... You need a longer segment for that. Also with respect to the Iranian front, because we have to try to disconnect the Israeli-Arab conflict, the Palestinian conflict from the Iranian conflict, and not try to merge them together as a matter of policy. For sure, we have foes far in here. Yes, and in this respect, Mr. Aladjami, do you agree that the West Bank, the Gaza Strip, Jerusalem are not separate arenas at this point in time? They're all circling back to Hamas or Palestinian Islamic Jihad influence? I think they are not separate arenas, but Hamas now is interested to keep the situation Gaza Strip calm, and they want to have resistance and actions in the West Bank and in East Jerusalem. And I think this is the most concentration of Islamic Jihad and Hamas within this period and maybe in the foreseeing in the future. Arsena Strovsky, we're nearing the end of the broadcast, and I do want us to focus back on the Israeli side. Right-wing government, left-wing government, a mix, a center, you name it. Very similar policy all throughout. Correct. I mean, I don't think there's been any drastic difference between this government now, the previous government, for that matter, when it's come to flare-up in violence like this. At the end of the day, I don't think any government can just stand idly by when it's citizens are being bombarded with rockets. So there will need to be some kind of response. The question is, what kind of response and when? We have a few changes. We have to, I put a finger on the minister of national security. I don't think he's competent enough to handle the situation. And I think some of the measures that he took with vis-a-vis the prisoners' conditions were not in the don't serve our case. So I think the previous government was more practical, and on the other hand, more targeted in terms of the mission it took militarily. So I think it's a real challenge for this government how to act, because words won't do the trick. And harsh words are not the, this is not what we have to play right now. We have to moderate smart actions, well targeted, and this would be the challenge of this government. Yes, but popularity, pressure, and the existing tensions can lead elsewhere. Ashraf Aladrami, before we conclude, simply put, where's the PA? The PA is weak enough because of the Israeli aggression within the Palestinian population, especially in the main cities in West Bank, which are area A under the security and civil control of the Palestinian Authority, and the Palestinian Authority under these conditions is losing control and losing credibility within the Palestinian people. And weaker than it can supply Israel any kind of help and security in this aspect. And I think there is no motivation within the Palestinian security services to sell the Israeli security because the lack of support from the Palestinian people and because of the Israeli actions against the Palestinian Authority if they cut off money or the invasions in the Palestinian cities, arresting and killing people daily base. Okay, and thank you very much, Dono Vital. When we started with the Israeli security prisons that were the trigger this time around, how is the Israeli prison service is bracing ahead of potential riots? Yeah, I think we heard them expressing worries and they're really put into action plans that they have because if something would really ignite in the prisons, then it can really... But how can you manage such a... This is a real, there's a mechanism there, there are plans, there are procedures, there are ways of doing it. I think they know what they're doing and they are prepared. And right now this is the main objective, how to make the prisons calm. Yes, well, obviously we're at the beginning of this chain of events, Arsena Stravsky, but when it comes to Israel's international credit, where do we stand in terms of the operations, the retaliatory operations, if you will? Well, the international community generally speaks up when Israel starts retaliating and starts responding. You'll hear calls for calm, for Australian and so on and so forth. We haven't heard anything from the Americans yet. I suspect it'll be a matter of time. There's a statement just earlier that a foreign minister, Ellie Cohen, who is in Brussels right now and that foreign minister, so to speak, Joseph Burrell, who reportedly condemned the rocket attacks, which I think is a positive. But at the end of the day, what Israel has to do to defend its citizens? Yes, and once again, we conclude this breaking news broadcast, familiar, familiar scenes, way too familiar. I'm Lieutenant Colonel Anders, I'm Zolana Vitana, Shrevella Jermaine, Arsena Stravsky. Thank you very much, gentlemen, for joining us. We obviously continue here on I-24 News, our rolling coverage on this evening. You can always stay updated, of course, also online at 24News.tv or on social media right after us, Benita Levine, with the news of the hour. Thanks for watching.


Outsourcing, or sometimes called make or buy decisions, occur when companies try and figure out the best use of available resources. When making these types of decisions, there are often three areas that require consideration. How do variable costs compare to outsourced costs? Are any of the fixed costs avoidable if the product is outsourced? And how can freed up capacity be used? Assume the following costs accompany incur to produce 10,000 headphones. Based on the data provided, the average cost is $27 per headphone set. What if an outside vendor could produce the headphones for $24 per set? Should we do it? Initially, we might think it's great because it saves us $3 per set, but remember there are three things we need to consider when performing this kind of analysis. We start by comparing the variable costs of manufacturing the headphones to the purchase price of buying them. In this case, the variable cost to manufacture them is $20,000 less than to purchase them. We would require a purchase price of $2 per set less based on this information. What if buying the headphones rather than making them meant we could reduce plant supervision and avoid $10,000 of fixed costs? Although that improves the decision to buy the headphones. We would still be $10,000 better off by making them ourselves. Okay, what if the additional space and capacity meant that we could produce and sell more earbuds? We would need to consider the additional contribution margin of the earbuds. In this example, the additional $50,000 of contribution from the earbuds more than offsets the additional $10,000 of cost of buying the headphones. So we would be $40,000 better off by buying the headphones and producing more earbuds with the additional space. Each example you see will be a little bit different. Remember to focus on the incremental changes and the following considerations. Again, are outsourced costs less than variable costs? Are any fixed costs avoidable if outsourced? Would freed capacity generate additional contribution margin?


Good evening. Hey friends, we are here at Epcot for the annual pass holder night. Yep. Yes, we're so excited. We waited for Epcot and we also waited for Fran Jackie. Yeah. And Jay. We're gonna go get checked in. Look at Joey. And enjoy the night. Let's go do this. Whoa. I love you. I love you. We are all checked in. Bada bing, bada boom. Now it's time to get our fancy wrist bracelets. Look at that. Excellent.  Have a great night, sir. We got ourselves a map and I got myself a ticket. Is that an Iron Man bubble blaster light up toy? Wow. Yay. Wow. Is it too early? Or is it not? Christmas tree, oh Christmas tree. It's only October. Love the life you live. Yes. My night has been made. Thank you guys for watching our videos. We love it. Love it. Yes. Keep me in the office lab and I'm like what are you watching? Oh. Nice. Thank you Cody. So every night I'll come home from work at like painting with smart. There's a new vlog over there. Oh. Ironically, since Jay has never seen illuminations, all five of us decided we were gonna try to get fast passes. 20 minutes until nine o'clock until the fireworks show happens. And guess what? We got them. So we're gonna get illuminations, fast pass viewing. For his first time. Probably his last time. And then we're gonna start the pass holder event. As we gather under the fire. Cori Meets World joined us. Look at that. 93. 93. I'll have to like put in a credit or something. That's a lot of people. We got Maronica too. He joined us tomorrow. If she's not saying anything, she's just seeing us watching. Everyone say hi. Hi everybody. Like I was saying before, as we gather underneath the fire with friends, Cori Meets World joined us. Hey guys. Right there and he's streaming. We are streaming. Look at that. So it's a stream and a vlog. It's a vlog stream. Stream vlog. Not a stream on a stream. No stream inception. No vlog inception. It's a stream and a vlog. Perfectly legal. Perfectly legal. So make sure you check out Cori Meets World on YouTube. It's fantastic. I'm actually watching Cori's stream of the fireworks and the fireworks. The pass holder extra hours event. I'm very sad that Illuminations is leaving. It was amazing. But I feel like what Disney will bring to the table is always gonna be good. Disney does not disappoint. Disney does not disappoint. I think that's excellent. When wishes ended, I was kind of devastated. And I do love wishes. Absolutely love wishes. But I also love happily ever after too. So whatever does replace Illuminations, I know I'll love too. Tampa J, you look like this is your throne right here. I am ready to go in here. This is so exciting. Do you like it in here? I've only been in here once. But I really like it. I like the day-to-day stuff in there. There's a ride in there. I've never ridden it. What's the name of the ride? I don't even know. Oh, Donda Estee Donald. Yeah, I've never ridden it. The three Cabaneros. Remember me. There's the other half of Magic Kingdom. Yeah, hey. We made our way over to Norway because we did hear that they have an annual pass holder dessert inside the bakery. And we decided to get ourselves drinks. So they have Einstok, which is a white ale. And then they have an Aus Pilsner. And I know it's pronounced Aus because they have to tell you it's pronounced Aus. Wait, is that really called an Aus Pilsner? It's Aus. Now, what did you get? Did you get the Pilsner? I got the Aus. I'll take the Einstok. So you technically only can go up to Norway in World Showcase during the after hours. They actually have it roped off over there. And on the other side, up to the France mark. So everything beyond that, there's no access. Good to know. I didn't know that. And there it is, the Carmel pudding. Why does it look like a loaf? It's a special pass holder dessert. It looks like a flan. A flan? Yeah. Oh, okay. Why did I say loaf? I don't know. Carmel pudding, flan. It's $5.99. She already pointed out the dog. Where were you? I know. I was pointing out the dog to you. Well, we stopped to get a Spana Copata. Because basically, Jackie said she doesn't care if nobody likes it. She likes a Spana Copata. And she's getting one. I'm going to try a Spana Copata. Are you going to try a Spana Copata? I'm going to try a Spana Copata. Do it, Jay. Do it. Hey, do you know what's in there? It's an Indian in the cupboard. You ready? Yeah. Because World Showcase is very limited to what you can do over there. We're heading back out to Future World. Because there is a Pass Holder dance party happening. Can you hear it from here? Yeah, yeah. This is what it's like for Pass Holder night. Almost nobody in the park. I love it. Well, I'm sure there's going to be a lot of people up here. Because we're getting up to the dance party. But as you can tell, World Showcase is emptied out. And we'll see if that reflects in any of the wait times for any of the rides. Oh, boy. Holder dance party. This is my Kira dance moves. Kira dance moves. Kira dance moves. Hey, hey, hey. They made an announcement saying that they might close the ride down because of inclement weather. So we actually abandoned her. And we waited and roamed by ourselves because she decided she wanted to go to Mouse Gearers and hang out with someone else right at the moment. So we couldn't wait for her. But maybe she'll catch up. I don't know. But I'm pretty sure she'd rather be in Mouse Gearers than actually riding Test Track. So do you guys feel bad leaving Veronica? We waited there for a while. But like I said, I'm pretty sure she'd rather be in Mouse Gearers than actually riding Test Track. She must have found something she really loved. Oh, wait. Where's my wallet? Hold on. I got my wallet. Everything's good, people. Everything's good. Seriously? Gracie, I am so sorry I missed you twice. But I always remember you. And before, I mentioned the Magic Kingdom. Yes. Before. But now, here he is. Make sure you check out his channel. And also, Double Dose Alyssa right there. Make sure you check out her channel. And we'll put all the links actually in the description. Joey's just like, I'm getting in. Hey, I don't want to sit in the middle. Look at that. And there's Alyssa and her family back there. Oh, boy. Look at this crew. Wait a second. Did I just see Tampa J without a hat on? No, you didn't. No, you didn't. Sorry, so we missed all of that. That's what it is. When you know where the camera is. I look drunk. Hey! Wow. Okay, well, I'm going to follow the leader here. And it looks like Jackie's the leader. Jackie, go, go, go. You're the leader. Take us where we're going. That looks very nice on you, Jay. And we're going to figure out what we can do within 10 minutes because we got held up a little bit at Test Track. But wait, hey! Guys, we're not going to make it. Where are we trying to run to? I don't know. I'm following Jackie. Look at what they're handing out here. That is awesome. Everybody wants the Donald magnet. And we got three. So with one ride to go, we're going to thank the Phoenicians. Was that what you were going to say? We're going to see another vlog on Station Earth. But me and Nate are both vlogging at the same time. Vlogception. Wait a second. I hear a vlog happening behind me. My favorite ride. It's a vlog and a vlog. And a vlog. Veronica, Joey. See? I'm going here. You take that one. Look at that. We are fancy. Fancy right here. Look at that. Isn't that the cutest ever? Yeah, I'll give you a picture. It's your flash on. You're going to need it. Veronica is taking her pass holder. Finishing lap. Don't try it. Don't do it. That's different for a guy. You have a different equipment, Jay. It's never been so much. That's different for a man. We left Epcot because it did end the annual pass holder extra hours. We decided we were going to come over to the yacht club and hang out at the boardwalk a little bit. Because it's a fun atmosphere and we've got a great group of people together. Why not? And they have some pumpkin display. Pumpkin display. The great yacht and beach pumpkin decorating contest. Look at these bad boys. I like it. I love it. I like it. I love, love, love it. And then... A muck, a muck, a muck, a muck. Focus, focus. Guys, do you know who this is? No. Is that Roz? Is it Roz? I feel like number 10 is Roz. I like the night before Christmas one with Yogi Boogie in it. There's one through eight. Hey, there's one through eight. And there's another one through eight over here. We've got to go check out the other side. We're going to make a pit stop at the cruise cup. But the cruise cup is, I think, closed. Nope. It's open. But nobody's in here. Oh, dang. I'm pretty sure the cruise club is actually closed, though. Yacht club to the boardwalk because the cruise cup was closed. That sounds like a song. It does. Yacht club to the boardwalk because the cruise cup was closed. Ooh. And also jelly rolls, but we're not going in there because they charge $20 a person to get in. What? Yeah. Very, very expensive cover charge. But that's why we like the dance hall because it's free. Dance hall time with deep, deep conversation. But it's okay. It was deep. We had a great time, actually. We did have a great time. You did have a really wonderful time. Awesome. Make sure you check out everyone's channel that we put in the description. They're all wonderful. And love the life you live. Love the life you love. We'll see you next time. Toodaloo!


So in this video, I'm going to help you scale your Facebook ads up to and above that milestone number of a thousand pounds per day or a thousand dollars per day. Running Facebook ads in the beginning, in those testing stages, that's always your first step is to run the test, which is basically where you put your ads out to lots of different ordinances with lots of different creatives, see what comes back, where the purchases come from, and then the hardest point or the sticking point, a lot of people kind of get stuck at and find it difficult to overcome. I do sometimes even now is building upon that. So when you kind of seeing those sales trickle in, but they're really inconsistent, then building on that and taking it from, say 50, a hundred pounds per day, all the way up to a consistent flow of customers and sales up to and above a thousand pounds per day. So that's what I'm going to be sharing with you in this video. I've got three awesome tips, which I truly believe can help you get to that point and really help you get your business off the ground, taking full advantage of this period and which we're coming into at the weekend, which is, of course, Q4. Before we jump into this then, just a little bit of proof so you can see that I do know what I'm talking about and have actually achieved this milestone myself. So on screen now is the store in which I started. In September, you can see yesterday we did a little bit over $1,500. So I am based in the UK, however I am dropshiping to the US. I have a couple of different businesses which go to different countries. Perhaps I could do a video about that, in fact, some point in the future. And then if I just show you this one as well, you can see that we are indeed consistently hitting that benchmark. So it's not just kind of like a one day wonder, we are able to do that day in, day out. So with that being said then, let's take a look at tip number one, which is gonna be focusing on your breakdowns. So essentially what the breakdowns do is they allow you to see exactly where the data or where the interest, I should say, is coming from within a particular ad set. Super important if you wanna take your ad account to that next level. Super important if you wanna scale your campaigns up profitably. So let's jump into the computer, take a look at this particular ad set I've got highlighted here. And we can see that different age breakdowns or age ranges, I should say on the left hand side. 13 to 17, 18 to 24, so on and so forth. So the reason why this is super, super valuable if you wanna scale your ad account is because Facebook's whole performance, a whole algorithm is based on how well people react to your ad set. So it's kind of like a vicious circle in a sense that a well-performing ad set will perform even better, where a poor performing ad set will perform even badly. So basically when you're running an ad set, Facebook will judge your ad set based on three different things. If you want more information or I could do a video on it, it's called Total Value. Basically, Facebook takes into account three different things and it makes a judgment on how good your ad set is or how well suited it is for your audience, how well interested they're in the actual creative, how much they engage, how many people click in it, so on and so forth. So the reason why breakdowns are super, super important is because it avoids you spending money on those demographics which aren't interested in your ad and therefore will hinder the performance of them. So for example, if we take a look at this particular ad set, we've got the amount spent here, which is important because this will tell us what age range is. Facebook has spent X amount on, so we can see 13 to 17 has spent four cents. 25 to 34 is spent $250 and then 65 plus is spent $1,300. Now the reason why this is interesting and why I've picked this as an example, because this is actually an adjustment I need to make to this particular ad set myself. To judge where the most interest is coming from we need to look at percentages. So we don't just wanna look at link clicks because obviously the more money you spend somewhere the more clicks it's gonna get. We need to look at how cheaply those clicks again because then it's how cost effective is that particular age range. So the two kind of most important pieces of information which I'm looking at in an ad set is always cost per link click because that's how much has been spent divided by the amount of clicks. So it's basically how cost effective it is to achieve clicks in that age range. And then the next important piece of information is the link click through rate, which is another percentage because then it gives you a better understanding of how interested that audience is in your ad set and basically the higher the number the better. And the reason why I picked this ad set and I wanted to show you because there is an adjustment which I need to make personally to this ad set. So as it currently stands, Facebook is spending money on all of these age ranges up to kind of 54. But what we can see is as the audience gets older more money is being spent, but also the results become more efficient and they get cheaper. So the clicks are getting cheaper. We can see 88 cents higher age range, 86 cents and then even higher age range, 71 cents. The same is true for the link click through rate as well. So 1.36%, 1.69% and 2.37%. So taking all of these numbers into account then the age demographic of 65 plus is definitely the most cost effective because I'm getting the cheapest clicks from there and I'm also having a more highly interested audience because there's a higher percentage of people who are seeing the ad from this age demographic and actually clicking through. So what I need to do to make this ad set even more profitable and even more cost effective is I need to change the age ranges. Now everybody's kind of ballpark figures is going to be different because it's going to depend on things like what kind of niche you're targeting, how much profit margin you have in your product. But a rough kind of ballpark to aim for is with a link click through rate of kind of like 1.5% and above and then a cost per link click of, to be honest I usually work on anything better than a pound is pretty good. So these kind of four oldest age ranges are pretty good but there is kind of like a dramatic jump up from the 45 to 54 age range. So what I would do in this instance is I would remove anybody younger than this and just focus on 45 plus. And so how this can help you is if you start to spend your budget in the most profitable places, your ad will become more efficient, they'll become more profitable and in turn that will translate into more sales. Tip number two is to use automated rules inside your Facebook ad account. Not a lot of people know these exist but if you're living a busy lifestyle and you don't have time to look at your ad account every single day for an hour or so especially in the beginning because it's really important to spend as much time as possible to try and get your head around the numbers and understand what they mean. Then this is where rules can become really valuable. So basically what a rule is is you can set certain criteria, tell Facebook when to apply this to an ad set and how to apply it to an ad set. So on screen now is an example of a particular rule I'll take you through this and what it means and then I'll show you a quick example of how to set it up inside your ad account. So from top to bottom this is a rule that's gonna apply to all active ad sets. The action is to increase the daily budget by 20%. That's not a random number. So you may have seen what's called a learning phase for some of your ad sets and basically it's Facebook is learning who your ideal person is to target within the audience parameters that you've set. And if you make any significant changes to an ad set then what it can do is reset that learning phase and what I've found that anywhere sort of up to 20% doesn't knock it out of that learning phase and therefore doesn't affect the optimization of it. So as an effort of rough rule of thumb I wouldn't go any higher than 20% each time. The maximum daily budget cap so that's basically it will keep increasing the budget of that ad set up to $6,000. The action frequency is once weekly and it will apply this rule if an ad set meets all of the following criteria. This is lifetime impressions of over 8,000. This is important because once an ad set has hit that many people then it's going to be pretty bedded in. It's going to be pretty settled in and you're going to have a pretty good idea of the potential of that ad set. An ad set that's only reached say 100 people is not a good test to run basically. It's not enough people to gather enough information to understand whether you've got a good creative going to the right audience or not. Purchases need to be over zero. Again into you've got a couple of purchases going through a particular ad set. It's not a good test to run and the cost per purchase must be under $10 and then that way you can make sure that you're scaling the most profitable ad sets. Doesn't have to be $10 so this is completely relative to you and your product. If you have enough room for say $20, set it for $20. So with that being said, let's take a look at a quick example. So same place inside your ads manager. I'm going to click this rules button here and then click create new rule. Ignore the bottom two for this video. I'm going to focus on custom rule and then hit next and then it's pretty self-explanatory to be honest. So I'm going to whiz through this pretty quickly. You can set a rule name. So it could be ink budget 20% apply it rule to one ad set. I've got one ad set selected. So it gives me that option. We could set it to all active ad sets, whatever you prefer. If you want to kind of set a blanket statement then we'll go for all active ad sets. The action will be to increase the daily budget. There's so many different actions you can set here but for this video for scaling we're going to be focusing on the daily budget. The maximum daily budget cap, I'm going to set it to $1,000. So it won't spend more than $1,000 a day. And we're going to action this once every day. We don't want to be increasing the budget too frequently or again, it can reset that learning phase. As for the conditions, this is where we can set the criteria of the ad sets we want the rule applying to. So we can hit the plus sign. We can go for cost per result is smaller than $20. And we can add that in. We can also impact ad sets in many different ways. So if we click on actions we can actually turn ad sets off. So this can be handy for as soon as an ad set becomes unprofitable, we can switch it off. However, I don't like to do this because the results, especially on smaller budgets, if you're spending less than sort of like $100 a day your results each day can fluctuate quite a lot day to day. So if you do become too kind of trigger happy with switching ad sets on and off then you don't really give it enough time to see its full potential. So I'd probably just stay away from that for now. In fact, just stick to increasing budgets. Time range is maximum today, yesterday or last two days. So if you hover over the eye we'll give you a breakdown for all of these things. But as it says there, this is the time range in which it's gonna consider the data inside of this criteria. So if you want it to make a judgment of an ad set based on the last kind of 24 hours data go for yesterday. If you want it for maximum, go for maximum. So basically what this will do is if an ad set has been running for six weeks as soon as that cost result goes below $20 then it will start to increase that budget. We can do it continuously, daily or custom and then we can also set a notification just so we can keep track on every time a rule has been applied to a particular ad set. As for tip number three this is duplicating your successful and profitable ad sets into a CBO campaign. So I'm not gonna take you through this one on the computer because it's quite extensive it's quite a high risk strategy as well. Perhaps I could do it in a separate video if you'd want to see that. So I'm just gonna talk you through how it works, the logic behind it and then if you wanna give it a go feel free to go out there and give it a go or leave a comment down below and I can do a video demonstrating how it works in real time. So have you ever ran ad sets in the past duplicated them and then the performance has been really bad? But then on the flip side you've duplicated ad sets in the past and the performance has been really good. It's really difficult to, there seems to be kind of like no rhyme or reason to which ones will perform where which ones won't. So instead of say duplicating five ad sets at $100 and spending $500 a day and taking that risk of which ones won't perform and which ones will then what you do is you duplicate them all into a CBO campaign, set the CBO budget at $100, $200, $300, whatever you wanna do and then every two days kind of break the results down per each ad set switch off the ones which aren't profitable and then basically what this will do is it will leave the profitable ones running and they'll also get that $500 ad spend spent on the most profitable ones that are actually working. And like I said, this can be quite high risk because it does involve bigger budgets but if you wanna get your ad account up to the bigger numbers then in my experience this has been by far the best way to do it. You can of course deal with smaller budgets too so you can start with a CBO campaign which has say $50 daily budget. What I would recommend is doing at least three ad sets in the CBO campaign if not five as a minimum and then that way you just give Facebook enough of a chance to test the audience enough times to find the kind of areas or segments the ad sets which actually work and the ad sets that don't and like I said, every couple of days just knock off, switch off those unprofitable ones and then in the end you'll be left with the most profitable ad sets which are getting the majority of the budget and it's just a great way to scale and add account up super quickly and super profitably as well. And so with that being said guys, there's my top three tips for scaling an ad account to up to and above a thousand pounds or a thousand dollars per day. I hope you guys have enjoyed the video don't forget to subscribe if you did and I'll see you in the next one.