And welcome everybody to the independent investor channel live. It is Friday at 9 o'clock Here we are New York time here eastern standard time. We are hailing from New York City Fantastic to be with you this evening If you have a chance to Label it in the thread. I'd like to have an idea where everybody's hailing from this evening They could be kind of fun. You don't have to give your your address But give your home state if you if you don't want to do that in your International and you're hailing from another country and drop that in the thread I'm gonna do some shout outs tonight from some people. Give me some idea of where the audience is pulsing in from I think it's beautiful man. We're looking for the most miniscule of Potential in people that sometimes don't think that there's potential there I'm a guy that operates on a very very simple premise People are very very special Okay There's a lot of special people out there that don't realize they're special there's a lot of people out there that don't realize their own personal potential and Sometimes it's It's really important to Get with people like myself who live breathe and eat this stuff Okay, I've talked about personal actualization Through the channel many many times and I can sit across from a YouTube audience and say rest assured I've been there for a long long time and it feels really really good. It really does I've got Mississippi, Illinois New Orleans. How cool is that guys? Fantastic my old home in Michigan very cool on lots of shout outs. I want to get my first International at Denver, Colorado. I see a lot of there's my first international right there with Quebec Canada, how cool is that man? Very cool If you guys do have a chance man to leave your location And and I'd also ask you if you are an investor out there To leave your your number one ETF or index funds if that's your thing your number one mutual fund it'd be kind of cool I will highlight those at some point during this is a give back But I'm also going to give kind of an introspection on You know where we are here, but we're up This year year-to-date we had a tough week this week We still are up for the year a little bit of give back It just speaks to the perspective when you're talking about financial markets not to get wrapped around the axle Day-to-day you start to do that and it can really start to consume you. Okay, so we want to shy away from that type of activity gain that long-term perspective that we're looking at because if you are operating on the same premise as me I Believe as imperfect as I am I have something special taught to offer and it's not It's not so much to say that I am special. I you miss my whole mark if you miss that I just think that people's potential go untapped all the time because they fail to adhere to a very very simple rule and That is by doing a little bit a lot of the time Instead of doing nothing You can really really get ahead What I mean by that is we talk about dollar cost average all the time And I think for a lot of people it goes in one ear and out the other Because it's the same old cliche. Yeah, right and we've heard it before we freaking get it. We're with you yada yada yada I think it goes deeper and truly understanding that when I say dollar cost averaging What does it mean to you? And how do you apply it? Well, we just buy once a month. Okay, if that's what you can afford The old onus of investing what you can when you can and in the capacity that you can really holds true And I'm such a believer in this game. I come on to YouTube to kind of share this idea that We don't end we don't we don't invest as an in some game In other words investing is such a fascinating thing if people were investing to fail Then it would fail to hold the attraction that it does and stock market investing and and building wealth quite honestly Holds a lot of attraction and the stock market in and of itself has a lot to do with that the stock market It's two words. All right, but when we're talking about different forms of Equities on the equity side put the bond and the fixed market aside For a moment and just think about stock market It comes in a lot of different forms And it's how you seek out your form that you guys can see here now if you're a non investor I'd like you to to leave that in the comments thread as well and say look, I'm a non investor I don't I don't I don't invest Ryan, but I made my way into the independent investor channel Maybe for the first time I've delivered this product hundred times over I do the independent investor live stream really when it comes down to my bottom line that drives me and that is indeed my compassion for Helping people understand if they never invested what red scent in their life Just to find that little bit of inner motivation to stop saying I can't all the time and to say that I can now if you look at the opportunity that I talk about with doing those small steps in Rapid fire, okay Putting those punches and bunches together Little punches at a time, right? You don't have to go for the knockout punch man Just the jab every now and then we'll go a long way What I mean by that is if you can break it down This is something that I've deployed in my life Starting with twenty five dollars a month. That's what I started with when I roll that off my tongue It is it is sentimental to me Sentimental not so much that I would like to go back and spend that twenty five dollars on something else That opted toward building and amassing the fortune that I have now But it wasn't that it was deeper than that It was the making the conscious decision to go from something From nothing. Okay, that conscious decision made all the difference in my Psychological makeup and my evolution to this place that understanding that a saved dollar is Significantly better than a dollar that's spent and lost forever. How many boxes and stuff Do we have in storage that's out in the garage right now from dollars spent? How did you do on that investment? Did you get your good return on that investment? Well Ryan? It's all good. I have lots of garage sales Boy, those are fun having somebody come and offer you twenty five cents for something that you know carte blanche You spent twenty five dollars on when you bought it brand new, right? And you put a dollar on it at the garage sale and somebody comes and says gosh I could really use that, you know, would you take twenty five cents and you're looking at people? I could cheese Louise really I mean It's worth twenty five dollars, but the whole point of it is to understand that The older that I get the more investing makes sense to me and it makes sense for me not only from the perspective of my life, but it makes sense in the lives of the Legacies that I'm trying to lead and and and leave some level of legacy for Okay, and it's not it's not as if here's the last thing I want to see happen If I was going to leave a legacy for my children, I can't just bake in Appreciation for them. Okay. It's something that I was given as a gift My mother and father greatest gift. They could have ever given me in one word Appreciation number one thing they gave me Appreciation right? What is the point of amassing a fortune if you don't appreciate the fortune that you've amassed? And I just had a colleague this week is like Ryan I know a lot of really wealthy people and a lot of them if not a lot of them that I know in my close circles are very very unhappy It's like and that's too bad, you know, I know people that are wealthy as well They're very happy.  Okay, but they're healthy people So does it speak to the money doesn't buy happiness thing?   I don't even need to get out of bed I'm a winner already. All right.  I'm good. Leave me alone. I'm fine I'm better than everybody, you know, let the rat race go and make that dough. No, no, no I'm up in the gym every single day. I was in the gym at five o'clock every single day This week following through on my new year's resolution What's yours? Um, I don't like cliches. Okay, so let's just talk about new personal goals for 2023.  Okay But how about those lifestyle shifts that you're looking to take on? All right, I did spin three times this week. Man, it's fantastic I tell my coach all the time that he puddles me And it's great. But hey, I tell you what I still got that fighting spirit that I had at 18 years old And I'm a scrapping young 45 years old But I got a lot of people from a lot of different walks of life in here guys very cool I got david in the house david great to see you my friend.  I think it outperformed the doubt today if I'm not mistaken Pretty impressive double index run today S&P was up and the Russell as well. So it was a quad update today Nice day to end a pretty bad Week this week. I'm not sure what the roll-off was Perhaps maybe some gun shy selling after a really poor 2022 But the stock market requires you to actually spread out your time continuum and it requires you to If you don't just automatically get results Okay, it it requires you to have that perseverance. Okay It's as if I went into the gym and I couldn't bench press 315 pounds and I put 135 on the bar. I tried it one time and I get pissed off and I leave Okay, it doesn't require that The working out and exercise is one of the most humbling things I did the push-ups this morning with the guys two minutes straight of push-ups Okay, because we're trying to get some guy ready for a professional obligation You ever tried to do two minutes to straight cadence to to push-ups?  And you're like Ryan says I can do I can do it. I'm I'm looking me.  Whoa, you find out that it's hard And then you take on the grander perspective and in the analogy that life is hard, etc And that you don't give up when you have obstacles, etc, etc, right? But welcome to the independent investor channel guys really appreciates you making your way in we got a hell of a gallery tonight Hell of a week for me no doubt about it Trenching forward I can almost taste it. I talk about that appreciation It is what fuels my fire. Okay. It is what fuels my fire. I talk all the time I wouldn't do this project if I didn't need to Um, I would still do exactly what I do when I'm away from the project But if I can share the project Share that motivation and share that evolution which I've shared for over five years on the channel That makes it that much more special now next week. Do we fall on our face? We lose tilt we and we surrender, you know, half a million dollars of wealth to the stock market gods I don't know. I guess everything is possible. I guess a meteor could come out of the out of space and and then We would have bigger problems than our wad and our portfolio, but You know while i'm here and while i'm healthy and well while I have the wherewithal to do what it is that I do um, I'm going to keep on doing it my way and I'm going to keep on Making it my life's mission and my life's motivation for me Uh and the secondary by product of my project is that I get to share it and I get to share it with the social media audience and my only hope Is that you get some level of identification of motivation within you to do something greater In your life guys, welcome to the channel. Be back with you in just a moment You getting paid to listen to me fantastic don't get caught. Okay If you if you've got a job or whatnot or you've got a little downtime, man, that's all cool I appreciate you coming and sharing your you deal with this sp. Why is the bread, right? uh-huh Yeah, so the vanguard's uh s and p 500 is my largest holding. I do own vti In the brokerage account. It's a good holding. Um, if you collectively check my s and p holdings It probably up close to 75 000 I guess and just s and p holdings Um, you know, could could you just do your entire net worth and the s and p 500? Yeah, it gives you that broad diversified exposure to each zone and what you want to do You know for me, I like having the aspect. I tell you what going through 2022 as bad as it was It was nice having some dividend growth. Um, I'm up. I killed it killed it in that portfolio The dividends were nice if nothing else a psychological win to get those dividends paid Into the portfolio and then my single single greatest Single stock holding is actually highly on holdings. I've got about 40 000 over 40 grand in there Right now with some long call contracts as well and highly on Lot of holdings that go down from there in between the five and ten thousand dollar mark quite a few You know my favorite my favorite names right now. I really really like black rock. Um, That's a really good one Really like cost go cost goes done quite well Lot of good single value out there proctoring gamble, right? That's another good one J and j took the day off the day, but certainly begs the To be in the discussion Lockheed martin has just done absolutely fantastic Over really with all the defense sector with uh with l3 harris. Um, you got general dynamics You've got north rough grumman You've got raytheon as well some of my absolute favorites In the space a lot of cool companies out there and You know when we talk about doing a little bit talk about 1200 strong and highly on absolutely Um highly on starting to grimble a little bit in 2023 very good stuff Um, just had a an announcement of their of their of their newest order So very cool stuff That order was long long in the wings And it was nice to hear that be announced I I think it's going to be fun to watch the story unfold It's an easy company to invest in it's going to be even easier when the company actually starts to Materialize on some of the orders and start to you know, right against its order backlog. It's just exciting that is A portion of my portfolio that's kind of portion toward that That that aggressive growth that element But it doesn't come at the expense of other value investing plays. All right That's kind of the takeaway that you can get from me is understanding that It's a holistic approach with me. All right My portfolio is not perfect. Neither is yours Okay, that that that doesn't exist you can make a simplified portfolio That that is simple and a lot less dynamic Okay The more simplified you make your portfolio the more predictable of a year over year performance that you can actually gauge For example, if you just own all vti You can pretty much be rest assured based on historical Performance not to gauge future performance at around seven to eight percent per year. No more. No less You're not going to have the vti explode to the upside 100 200 500 a thousand percent That's not going to happen. Okay, and you say well, that's exactly what I want Well, then you need to be able to take on the necessary risk to the downside As well and a lot of people will say well, I'm willing to take on the risk to the downside No, you're not no, you're not Most people most people and I'm talking about 99 percent of people out there in the retail community especially because these are our hard-earned dollars that we're putting to work in the stock Market so the capacity by which we put those dollars to work I would contender probably better off being put to work in more of a defensive strategy Okay, using all of the tools at your disposal if you're going to buy the s&p 500 you can monitor it You can buy it when it's down You can dollar cost average every month and take away even that guesswork So if you don't look at it, you can determine that it's down 20 percent like it was in 2022 That you don't just buy the stock super high or have an ill advised buy Um of the company when it is down, but I always look at the s&p as kind of a barometer If you've got that s&p in your portfolio and it's fluctuating back and forth, right? You can kind of look at it and say even on a down day, right this week I took a little stab. I bought 12 shares of bo o just this week It was my only buy that I made this week guys the only buy that I made this week If you're making your way to the live stream, please Give us your location of where you are. I'm kind of curious to see where people are pulsing in from There's a lot of united states. There's some canada I didn't see anything from europe just yet. They usually turn it tune in in the morning over tea This is a little bit late there So a lot of people kick in actually the next day I got a lot of people that kick in from uk as well All my english friends that kick into the channel And catch their tea, but hey, you know if we're delivering on an empowering message We can take a little piece from it. Great. I'm not a life coach. All right Is the impact felt in so far as maybe Some life coach demable results. Hey, yeah, awesome. Great.  You know what I'm saying And if we're making that impact and we're making that impact on a positive level It's a far cry than what we see in the world right now with a lot of negative, you know And I know that there's more positive out there than what comes across the news media I know there's a lot more positive on the on the grassroots level right in the trenches, okay In the trenches. I was in service delivery today on my job And it gives me extreme pleasure Okay, to be in the trenches to watch this country work the way that it works and when it works really really well It's very very special. Sometimes I wonder if our government Actually Identifies with that, you know the government being within the people And not in Washington, DC Okay, but I just think all too often there is a very staunch Distinction between those two and and the disconnect is very very real At tennessee in the house a very nice place. I visited there A couple of years ago. It's really a nice place very cool. We went to pigeon forge And severeville. That was kind of a cool place man. I got maryland in the house very cool It's it's softball country. Okay. All right matt. All right. I can get behind that Hey says s and p 500. Yeah, very cool. Got from New Jersey my neighbor very cool stuff my neighbor to the west Very cool. I'm there all the time man Mm-hmm Very cool And ryan asked me this question too. I got your email this week for sure Yeah, it was a really good one. Um, I've made videos on redundancy in the portfolio before And when I when I read your email, I thought it was a really good point. It was one that I had had never thought of Um, I never thought of comparing johnson and johnson Let's say fizer and murk They get compared all the time in the healthcare sector And I've never considered having fizer and murk because they're both in healthcare to be Redundancy or or overlap. I think is what you were asking me, right? And I'll take it to be disrespectful at all actually it it caught me off guard because I've taught on redundancy And overlapping the portfolio from a different perspective in that if you own the s and p 500, right? In the top 10 holdings of the s and p 500 You can expect to have apple, microsoft, invidia, right? Some of the the largest companies in there. Okay, burks your half away Is in there now if if I own the s and p 500 and I own a couple percent of each of those top-end weightings in the s and p 500 and I also opt to own apple computer Does that equate to redundancy? Or if I own apple computers in one portfolio and I own apple computers and the other Is that count as redundancy? And I think the long and short answer is To your question first of all, I don't consider owning coke and pepsi in the same portfolio as redundancy I'm talking about two completely different suites even though they're both from the From the staples category. Okay Their their portfolio of product offerings are so significantly different Their business structures are completely different their dividend payout Are are completely different and if you're going to opt for one you can't necessarily negate the other Because you would be negating one of the best in breed Okay, and so I think when you're looking at coke and pepsi, it's a fantastic example of you know, why can't you just own coke If you wanted to own the staples Or own or own pepsi. I think I think coke is actually a discretionary. I can't remember for sure but I think in your example you asked me about home depot and lows And it's interesting to me because I have a staunch Differentiation between those two two businesses. I prefer home depot all the way over lows. I just think the experience is different I think the feeling is different I I think the service that you get when you go into the stores are different And I think that the brands that I recognize with in home depot Are different than the ones that I recognize with lows now from a fundamental perspective There's a lot to love about lows So do you consider it to be redundancy by owning both of those? I do not I do not And it's a really really good question I I don't think that I don't want to call it splitting hairs because I just thought that the question was so good But it got my attention and I I saved you the The heartache of me giving you some long-winded email back Um, I won't do that not only that but I don't have the time to do it But I'd rather explain it on a live stream so everybody can kind of hear my explanation as to There's different forms of redundancy. Okay And redundancy for me is if you own You know two of the exact same equities and you're building that position in the exact same way But I don't think there's a problem with owning Let's say, you know vti and voo are are are ultimately the same fund It's just that vti has the lower end small cap and mid cap market attached to it as well and you know, I I think When I talked at the top of the live stream about that's a really good question ryan. Thank you so much man I appreciate the hell out of you When I talked about the stock market, okay, don't try to split hairs Okay, um, the the top companies in the s and p 500. I just I'll rattle off my top five Okay, when it starts with apple microsoft procter and gamble Johnson and johnson and and it would have been disney before this roll off But let's just throw a really good company in there like pepsi. Okay, or a mcdonald's something like that When you're talking about the stock market when you buy the indexes you really are buying the entire package Looking for that year over year compounding growth. So the s and p if it returns 10 percent a year That's what you're going after because you own all of the stocks collectively But when you opt for those single stocks, okay, you own all of the debt you own all of the profits You own all of the dividends 100 of every dollar that you have vested in that one Single stock So it becomes very very interesting and intriguing when you're talking about You know going back and forth between what you're actually after the year over year return or opting for um your your um your returns of that single equity and I tell you what There's no company man. I mean just a couple years ago. You would have never ever thought that amazon would go down Um amazon's off 50 percent right now from its eyes And it's really really difficult to look at that stuff and be like wow I I can't believe it. There is always ebb and flow in the stock market But when you're talking about stock market There's really no escape from this Fundamental truth. Okay, if you're a non investor You do not have your dollars allocated in any form to the stock market If you do And this is back to ryan calhoun's point about redundancy You're gonna have to seek out your exposure at some point. There's no like Uh a team stock market and b team stock market and c team stock market.  Hell, you probably own some warehouser in the triple q's and you don't even know about it Okay, these are all really good top tier proven companies. So If you can justify in your mind Uh building your portfolio in a way that That justifies leaving out a company Like coke because you own pepsi or like lows because you own home depot Or write down the line, you know, I I don't want to own Caterpillar because I own Cummins Right two phenomenal companies. I don't want to own john dear because I already own tractor supply Right both phenomenal companies. Okay Um, you know bowing would be another one, right? Um You know just those companies like Lockheed martin as opposed to You know a north rub grumman in the same defense space and I could go on and on and on when in all When all actuality if I told people if I put a hundred people in a room and said which one would you rather own Lockheed martin or raytheon? I'll bet you would split right down the middle 50 50 people would say I operate the honor I offer lockheed and they would have very staunch conviction on either side of the house So perhaps maybe it is parsing a little bit our words if we're overthinking it and and looking at both companies and saying Gosh, they're both. They're both really good. Should I just own them both? None at all or pick my favorite based on your own free will and it's it's really cool, man That's the cool thing about stock market investing and it doesn't mean because I choose lockheed And you choose l3 harris and my lockheed martin holding goes up huge And your l3 stays static for two years. It doesn't mean i'm right. It doesn't mean that it just means for that fragment of time The stock outperformed when compared to each other you can play all kinds of these correlation games You can look at historical performance You can look at stocks as they perform against the s and p 500, right? So what you'll find a lot of the times is over the long long term There's a lot of really good companies that have outpaced the s and p 500 But there's been a lot of times During stretches like what disney is undergoing right now that has drastically underperformed The s and p 500, but if you go back historically Tell me what you would have had had you invested ten thousand dollars in the s and p 500 in 2010 And what you would have now if you invested ten thousand then In walt disney and might might surprise you actually in some of those figures in how they actually shake out But it's all good stuff. You know, we're deliberating around around the right stuff And I certainly don't want to get I don't want to I don't want to promote this idea that somehow because I come on to youtube I I know a lot about the stock market, but there's always thousands and thousands of people that that know a hell of a lot more than me You know, and there's a lot of people that that know a whole hell of a lot less My contention is very very simple stock market Okay, if you're going to become an investor At some point the bottom line is that you're going to have to opt for Or or volunteer some of your surplus capital and put it to risk if it's not something that you're interested in No problem. No love loss. Don't do it. It's all good. You're still probably a fantastic person Okay, what we're talking about here doesn't make you a better person It really doesn't But if if you start to understand the why and why I do what I do You start to kind of understand You know the the the plan itself as to why I do what we do. All right We're just over 33 minutes and I do want to give you some really interesting insights That'll give you some idea of why I do what I do. Okay I want to give you the easy piece first. Like I've kind of talked about a little bit But the desire by which I do this project, okay I don't know how many people out there would persevere if they had a youtube channel like mine Have grown it up over five or six years and would continue to persevere with the level of desire that I do I don't know. Maybe everybody would I'm not saying I'm anybody special. I'm not saying that what I'm saying is I have persevered and when compared to others How many people would have persevered like I have to maybe even better results Or given up, okay given up the channel is not growing. We're at 28 000 subscribers This is where we've been for the last year. We were not growing. I'm I'm I'm I've had enough of this I'm out but the desire By which I do what it is that I do is probably one of the Key takeaways to why I am where I am the second is the initiative The initiative to actually turn something Into something From nothing what Okay, hold on Ryan always really highlights when he's getting down into the granular good stuff Okay, did he just say turn something into nothing? Yes. Imagine you have a blank palette. I'll let your life Okay, try to give you some level of analogy. You can paint whatever picture that you want But how many people out there actually have the ability to paint their own picture? How many people have engaged in projects where they've failed? Okay At least you've tried How many people have actually tried to paint the picture and have actually succeeded? By any level of metric that you can assign to it and say wow, I'm proud of this project Like I look at this project and I'm like I I don't care if I gain another subscriber for the next 10 20 years I'm proud of the project because of the difference that we've made the reciprocation that I get from real people I don't get it from youtube. I get it from real people who are like man. I caught your message man It was pretty cool. Actually you said a few things that actually got under my skin number one and number two is I actually listened to what you said and it was like I actually kind of agreed And I thought maybe it added a little bit of motivation for my life as well Desire and initiative. All right the four Ps that I talk about all the time four Ps Okay, four Ps super super important Passion Okay, I don't do this like a bump on a log if I just came and took a nap for the fastest 60 minutes on youtube It wouldn't be the fastest 60 minutes. It would be the slowest. All right, so you've got to do this with some level of passion Don't do anything in your life investing specifically investing will cripple you if you're not ready for it Investing is not Going to resonate with you if you get involved in investing and say I watch ryan every friday and i'm awesome and and I'm awesome because of him I he's the reason I do what it is that I do and i'm here to really just tell you i'm just a I'm just a regular fella. Okay, just just a regular fella coming on to kick it with with with a youtube audience here But the passion by which you go about The the method that you go about doing it. You have to understand why you're doing it And and and apply some level of passion. It has to embody What it is that you do it's the very nature that I talk about it becoming a lifestyle application In everything that you do okay everything that you do I have a notation here derive meaning and everything that you do Some of the coolest things that I do now at 45 years old 45 So i'm the most fulfilling things that I do right now in my life Free of charge. I have nothing to do with money Nothing to do with money Nothing nothing If that's not some level of spiritual actualization I'd like somebody to say ryan.  It's actually over here somewhere. It's not over here so much It's actually over here. All right But It's super super important That people truly understand man that the best things that you can do In in life now are free are free. They're free But I derive such rich meaning out of those things. I'll give you some examples exercise. I talk about it all the time I'm a freaking freak But I love getting up in the morning. I'm addicted to the way that I feel after not so much when I'm pumping out those You know two minutes straight of push-ups or doing that that spin workout, right? It's it's rigorous. Have you ever done spin? Raise your hand if you've ever done it. It's crazy. It'll puddle you. I mean, I seriously people are like, yeah, that's dang, right? Are you okay, buddy?  It's it's crazy exercise super important I'm excited by the fact that I'm doing everything that I can possibly do to remain to remain Healthy and be able to deal with the injects that I deal with In what everybody tells me is a very stressful job. I love my job. I love it. Everybody tells me It's really really stressful. Yeah, I don't know exercise keeps me very very well balanced When people say hello to me, I'm genuinely glad to say hello back when somebody asks me if I have time Sometimes I do sometimes I don't But I can find that healthy balance if I do Exercise and do it with probably a lot more frequency than the average bear All right, five days a week. I mean how many people do that? I know there's people in my community actually that really resonate with this idea and it helps them make it helps them become a better investor It's crazy. How can you eat right and become a better investor? How can you be spiritually strong and be a better investor? How is it that you can exercise and be a better investor? How is it that you can make time to spend time with family and be a better investor? Say it a few times Perhaps maybe you'll actually get it if you understand and look to derive that meeting that I talk about fina I'm great to see you my friend all the best to you and the family Thanks so much for the support over the years man, and I am talking about years It's amazing how time flies But then again, I I kind of stopped and went away with that cliche because the more fun that I have in life the quicker time goes There's nothing I can do about it. I'm more interested in controlling those things that I can control in life And I tend to let those things that I can't control Just do what it is that they're going to do why? Because I've come to terms with the fact that I can't control it And I'm okay with that. I'm just okay with that. All right passion number two perspective Perspective is key perspective is taking a name like Apple computers or highly on holdings and making it a positive positive I've had A thousand different excuses to exit stage left on highly on holdings When I know in my mind and my instinctual application That it is premature in making that decision There's nothing fundamentally to to make that hook and decision my my point is your perspective on everything that you do You take everything and you bundle it up And you peek inside for just a second you look at it and say okay. It's good everything Food family dental medical professional spiritual boom everything you got relationships right Injects stress whatever it is throw it in there you look at it and say for the most part man. It's pretty darn good perspective All right when you have that perspective you actually have the ability to look inside your your basket of blessings And maybe even look to fine-tune Acknowledge improve a pawn do away with Right instead of just being consumed all the time perspective puts you in control All right perspective puts you in control that is the key All right, and I see all the time that perhaps maybe people allow themselves to be swept up by the whims of life Mm-hmm, and when you are swept up like that All of those things That another person controls actually controls you And it's not so abnormal to expect that those things are outside the realm of controllability It's not like that It's just your perspective in how you approach Those different attributes in your life and how you look to pull the strings on each of them or have those strings pull you Okay. All right number three perseverance holy moly This is like my favorite.  Cold wet tired and hungry now you could solve all of that by quitting and going and laying down in your bunk Okay We had somebody do that actually when the money wasn't lucrative my back hurts. I'm done. I'm out I'm catching the next flight when we head back to catch a can I think we're fishing out of catching canter petersburg He was done freaking done Done enough to where man the crew was pulling his weight man.  He comes back to the back and he's like i'm ready to go to work now So The perseverance wasn't good enough with things were bad But when things were good This individual had the audacity to Suggest that he was ready to go to work now and make lots of money And I think a lot of people have Unfair expectations of life I'm just here to tell you if if if you've had a life on par with the what I've had A lot of really good a lot of craziness I've been into some crazy stuff man crazy stuff all good wouldn't trade it for nothing My crazy life took me to those places where The decisions that I made to do what I did at the most aggressive times that I made the decisions Were some of the best decisions being provided the opportunity to be in those situations Has defined my life. Okay wouldn't wouldn't have wouldn't have apologized for any of it But I don't doubt that your your life is any different than mine in that capacity.  I gotta go to work again. I'm gonna you know, how many people deal with that Ah, I gotta go to work again. Man alive. I just wait. I wish I could make a few extra box Right It all takes perseverance Because if you're making just enough to get by or you're making enough to actually get by and then some And some people are making some to get some and get by and get some and get some and get some And there's still one thing more Right How much perseverance do you think you're actually able to muster up and deploy and put the work to I don't know deploy a side contingent Right, it takes a lot freaking telling you it takes a lot Um, I'm at a point now where I'm maturing the channel and the project where I'll never quit the channel Never it's if you subscribe to the channel I you're gonna get a lifetime buddy You're gonna get a lifetime youtube buddy free of charge with your subscription to the independent investor channel I'm not asking you to subscribe. I don't want you to subscribe if you don't want to I don't I don't run my channel that way I can care less really care less if you don't want to be here. I don't want you here I do not want you here because the stuff that I'm talking about. Yeah, it's real It's real.  You never even have to do anything with the chemicals chemicals Those are the birds, right?  All you've got to do is just be I don't know I'm here to give you a little bit more dose of reality, man I don't I don't like the vision now on youtube that somehow you can circumvent A career path and end up in millions. Some people will My buddy just did I just got his book ryan scribner's book. He's an author man I'm proud of him, but that is that is an abnormal path Now if you talk about that path as if everybody can do it Wrong, he'll tell you the first same thing. I know how hard he worked I know how hard I've worked on the independent investor channel to have Nominal success on youtube some people look at it. They're like wow 30,000 But they have no idea how much work is actually been put in on the project, right? um, I'm not one of those folks that With what I understand about what life can dole out to you and the barriers that can be put up If you're not ready for them or don't know how to persevere past them You're crazy if you think that you can somehow Put that entrepreneurial spirit to work without perseverance and end up with Amassing a fortune down the line. You're crazy. You are crazy and you're delusional There's a lot of delusional thought on youtube unfortunately And a lot of those delusional thinkers man, they've actually succeeded quite well unfortunately Unfortunately a lot of people tune in and they they they want to get excited about that stuff and the idea that I talk about that Learning how to work in and of itself is an absolute Craft it is an absolute craft. I tell you what You know, I put myself up against the older generation like my grandfather and and We don't hold a candle. We don't hold a candle And and I know my way around the toolbox. I really do. I know my way around engines I know my way around hard work. We're not about it but Yeah, the new generation I'm sure great people But there's something lost with regard to aspiring to those those those false prophecies of of All the rich and reward without the hard work The the element to that that's missing is that you might make that You're not going to appreciate a darn thing You're not because you're lacking the very important thing that I talk about in regard to perspective Why not just do it the hard way that way?  I could do this channel. I'm watching the live stream roll off in views I get about four or five hundred views now a week on my live stream a product that I used to get 1500 2000 okay Perseverance you think I'm going to quit. Absolutely not the product every week improves The the the lessons that I throw down Are life lessons for people to adhere to and again the quality of the people that I'm looking to speak to And the quality of the people that I'm looking to make a sticky community member within the I do Those are the people that I'm after anyway, right? But from a success ratio, I've lost half of the viewers right perseverance the last p the last p You guys can take this for what you will but the last one is plan And I talk about the plan all the time and this is what I share through the channel about You know, where do I invest Ryan? How do I how do I do this thing? How do I invest right? What do I invest in what what should my portfolio? What should I do? What should I do? Ryan help me? What should I do? Well, first of all, you need to ask yourself why in fact you're in even interested in this at all Okay Is it an excuse to supplement? poor spending behavior Is it an excuse to try to supplement? for Uh over exuberant debt I've been there. It's all good. I'm not judging you if you have debt. You have debt. It's all good I don't shy away from the money topic and say, oh, hey, you know How much money you got in the bank? I don't know $1,200 man But I'm not supposed to talk about it because it's just weird and it's weird, you know I don't care. I share what I have. I don't care. It's a freaking pile of paper The pile of paper Every dollar that I get Toward that pile of paper goes toward my financial security, which is my actual goal and the more paper that I have evidently lends itself That much more definable to my financial goal down the line, which is financial security I have my own idea of what that means Okay, and when we get there, I will chronicle the whole thing for you guys until then I'm going to enjoy the remainder of my january 20th 2023 with you kind folks as we wrap down the final seven minutes of the live stream Have some perspective. Have a plan.  It's all about how you deal with them. All right Are you kidding me? Tony Lenza He just tuned in. He just says he's from Santa Barbara When I was in Santa Barbara and I spent the little time that I spent there I used to work out of Ventura and I used to bomb up to SB And I I I thought every single time I went there. I was like right on. I'm in heaven It's about the biggest compliments I can get someplace, right into SB Tony, right It's all good. Yeah, if I came out and visit can you put me up for a week? That'd be awesome Very nice. You're very lucky. Tony. Thank you. I've got a special place in my heart there for some of California That is where I met my my beauty many moons ago San Fran spent many many many moon in San Fran. You bet you a beautiful city. Love it Absolutely. It's a special place. It's kind of where I'm from southern, Oregon, right? So it's just where you start to get into that Not southern, california. It kind of starts to turn into You know the northwest it you know that that kind of creeps down into all the way to the bay area But uh, yeah, you bet you man. Half moon bay Monterey, right? um Yeah, I was going around I was going around the point there Um, and I was bringing the fishing boat up and it was like 16 feet waves in my face And I was puking out the window I was on wheel watch and I was up on the wheel by myself And I was had my head out the window and I was looking for logs in 16 foot swell Going around it was the Um, uh big sir You know, see I can take san francisco and make a story out of it, right? The cool thing about that is that is a true story So I don't know how many people have been out on the ocean and 16 foot swell by themselves up on the wheel house If you can out the window watching for logs trying to stay off the rocks and keep the vessel pointed toward Its next destination which at that point I think we were going to dip into Monterey I think we went up there for some squid fishing but Yeah, just a little glint in time there one crazy day of amongst many in my crazy life But hey, like I said everybody's got them, right That's great to see you man. Thank you for joining. I appreciate it stock market investing is in the house Very cool stuff. Man, Ryan. You got all kinds of questions. Holy smokes. I would have to send you a consulting bill I have another what is the best book about investing you've ever read? I think and grow rich is really really good. I like the blueprint for america Blueprint for america. That's a good one The intelligent investors fantastic. It's some some people say it's an easy book. I don't think it is if you read it really fast It's really really a difficult read It's easier if you slow down and read it slowly But you think and grow rich And blueprint for america blueprint blueprint for america is like that. I read that and it keeps you guessing all the way to the end where he like gives you the secret to investing And you get to the end of it and you're like, I kind of think I know what it is and you get to the end And it is what you think that it is But it spends the whole book explaining Why it is it's justified in what? In why they recommend what they recommend at the end of the book. It's really cool It's really cool You think of the analogy of the apple seed in the ground growing over 100 years producing apples for that You know ladder part or the you know Once the the the seedling grows into a nice tree and becomes mature Every year it produces more and more fruit fruit full fruit etc etc It's just a cool lesson. It's one that kind of I resonated with It's one that I actually let somebody borrow And I shouldn't have because it's no longer in my possession. I had notes in the margin They talked about commodities equities The insurance business, which is really cool Um, it's a good one. It's a standsbury research. So don't get political on me. All right. Don't throw stones at me Um, but it's a really really good read. It's very cool I got eric in the group man. He says I own both very cool stuff That's a cool thing to treat yourself with a nice pub You know do some reading on this stuff kind of fun Help you actually define what it is that you do in your application You're a man of high integrity and respect. I am thank you. I appreciate that I'm glad that comes through I'm I really am it's it's a cool thing. It's a great project. It's fun. You guys make it fun It's a good community I'm glad to broker the business. It's a lot of fun for me show up every day is 99% No doubt about that man. No doubt about it and be happy to do it You know, I put a note here derive meaning and all you do and I think I got to like exercise But I have work here Organization maybe it goes with my Maybe OCD I don't think I have it, but I like to be organized. Okay Organization free of charge Emotional content. That's Bruce Lee. Okay, emotional content. That's Bruce Lee. Okay spiritual, okay rest I'm looking forward to sleeping in tomorrow. I will not be at the gym tomorrow because I've earned it Try going to the gym five days a week Five days a week Do some spin do whatever it is you got to do I spend two hours a morning hour and a half hour and 45 minutes In all fairness to myself and you guys I spend a pretty good amount of time at the gym So I'm gonna take some sleep tomorrow free of charge. I'll get more benefit out of that I'll wake up. I'll have a nice cup of coffee tomorrow. Have some breakfast, man. It's all good life is good, baby See what I'm talking about Fantastic, man. We're getting close to closing down the fastest 60 minutes on youtube, man Holy moly. I've just been talking for five minutes. I always think to myself. What am I going to talk about? What am I going to talk about with this crew that comes in so loyal? You guys are great, man every friday, man. You just it's such a loyal community Let's keep it going, man. Let's keep it going Um, I'm always in the live stream just to touch early if you guys want to kick back with me Into the back studio. You're welcome to do that If you remind me say hey drop a link I want to run some questions by you like ryan had some questions tonight. That was awesome Really appreciate that. I'm a funny guy. I don't I don't really Get angry, you know people are really apologetic or you know, they don't know me I get it. He's just being really kind and courteous, you know There is no right or wrong answer in this gig You know, so when you bring those questions up like he did to me, I was like right on man It totally makes sense. Very cool stuff and since he very cool Very cool Since he's a place that I really haven't spent a lot of time in The the place I've spent time in in Ohio has been uh, Toledo So Well, Toledo, I've spent more more than my fair share of time in Toledo and that's all I'll say about that Very cool stuff man prior preparation prevents piss poor performance indeedy indeedy Very cool stuff I always look through these comments and I always see some stuff in here But I wish I would have got through during the live stream man thoughts on bowing after the run up Maybe trim up for a bigger percent. How about yeah, goldman really took a dive. I'd buy goldman here Just buy it to buy dal component same with bowing Um bowing has been on a nice run It's been on a nice run After three years of horrendous performance Yeah, but I I think bowing at some point long term I'm talking within the next two or three years. We'll look at this and say gosh We really had an opportunity to buy bowing and it's not gonna step out and screen match you and say, okay Buy me here. I own the shares and I'm I'm owning them long I've kind of gravitated to a new place David these good companies that I can look at and say Rest assured they're good. I'm not going to sell them. I just I don't need to sell them Glad to see netflix bob and building a position since saying The clear up trends and be careful with netflix It's my two cents It's my two cents. Um, I don't like the stock Um, I have a netflix subscription But if you can just be totally honest with me, are you truly blown away by the service? There's not a streaming service that I'm completely just totally blown away by except for to be to be free To be free. There's some awesome awesome stuff on there. It's freaking free. I don't pay for anything, right? But disney disney is disappointing to me and a lot of people would say, well, ryan, holy moly You can't touch precious disney. Yes. Yes. I can um, Mandalorian's a phenomenal piece of content, but I don't understand why disney doesn't open up their entire vault of content They own content going all the way back to the 50s. I don't know why they don't open it up Herbie those bananas. I'd love to see herbie. How about some tiger town? That was an old disney movie Where's that and and I just don't understand why their premium streaming service doesn't have that stuff, but netflix I I've never owned it I'm good enough to own it through the indexes. This is speaking of You know redundancy in the portfolio. I'm okay with going about of that route And I'm I'm cool with that. I really am I I was glad to see it pop a little bit, but You know at 30 times it's still pretty expensive At the rate that they have to grow subscribers, which is the metric To to to look out with netflix. I don't I don't know are they going to keep up on this accelerated growth over the next year Five years 10 years. You might say yes. You could be right. I don't know But I think with the increasing competition and people Kind of waking up to the fact that streaming is kind of It kind of sucks like I I get more enjoyment out of doing youtube Viewing social media content specific Content as opposed to sitting there. How many of you guys have spent like a half hour Looking on on netflix for an actual movie to watch Never to find a movie to watch. Am I the only one? I don't know. I'll leave you with that thought man. Very cool stuff What a day for highly on gotta love it. It was okay. Uh, it's been a great start to 2023 as far as I'm concerned I'm super stoked It's gonna be really interesting. Look if we enter into 2023 the end of q3 and q4 I'm still gonna be the same ryan Is my highly on position gonna be the same I don't know. Maybe is it gonna be less? I don't know. Maybe could it be more? I don't know. Maybe Right perspective One thing I can guarantee you is that I will be there for the look. I will be there for the look It's just worth it for me I have x number of dollars in a pile there that's devoted to To this because I think that it's gonna turn out to be something very very special I think the oems have to acknowledge I think fleets have to play ball And I think they're forced to looking at The few solutions out there on the landscape highly on will get their look They will get their look whether or not they completely fall flat on their face with their performance of the product of the durability that exists they're in like I feel like tesla is and The tesla bowls are not I think are not acknowledging those shortcomings. It's really crazy how they always get the nod and people are like tesla to the moon It's like no, no, I I don't see it and I'm sorry But that I guess is what makes me independent in the whole thing, but uh That was good to see you my friend Thanks for making your way on here my friend and staying in do a little extra time here Making sure that we got everybody. Oh We got a ct from mike. That's your number one position Be careful. I got an awful big position. I got about a stack of high society and another row. So I like it a lot One stack. That's what I got one stack I have a goal set somewhere down the line at much more of evaluation. I think Adura is kind of like a Three-headed monster. I think it could end up being a three-tier company I think it could split three ways. I think the bitumen could go one way I think the upgrading of oil could go one way and I think Plastic could stand on its own with its hydrochymaletic technology For you guys that don't know what i'm talking about you should tune into some of my Chronicle videos man some of those profilings that i'm doing are top notch man.  He doesn't even need them Listen to jl collins and what he talks about He will get you understanding why it is that vti Is an absolutely top tier premium etf I really wish the young people would kind of take note of this and be like, you know what I can become a self-directed investor I can own my own fate By looking at the total stock market index the total stock market index. What does that mean ryan? You own it all small caps mid caps and large caps domestic US stock market vti doesn't get hardly better than that guys And that's a great place to end guys. I really appreciate you tuned it into the live stream tonight had a lot of fun tonight It was a it was a real hoot. It was a real hoot hoot I just I demonstrated perseverance by just treaching through all 60 minutes fired away I demonstrated my desire and my initiative for this project, right I did it while being real and I did it without really working on a whole hell of a lot of a script Because I speak from the heart, right? And the more we can do that we can engage in real discussion That of which I feel like sometimes is uncomfortable Discussion with people when we talk about personal finance wealth building and cutting back on budget making a holistic lifestyle for yourself Hopefully we've created a spark in you guys that can kind of help you In some of those transformational changes in your own personal life guys I discovered it and I look to share that through social media and through the youtube opportunity guys Be well. Have a great weekend and we'll catch you next week on the independent investor channel live stream. Be well


Hi everyone, Joe for Jaspy's casebreaks.com coming at you with a box of status basketball team all addition random team break number 20. So we've got a few things happening here. There'll be three different dice rolls. The first dice roll, we're going to give away spots within the status break. The second dice roll will be for the break itself and the third and final dice roll will be for the giveaway spot. So for the status break, we took out two spots and we're giving them away to the people who bought spots. So let's grab those 28 names or 28 spots, put them all into this list here and let's roll it and randomize it two and a three, five times top two, we'll get extra spots in this break. One, two, three, four, and good luck, fifth and final time. After five, it's Sean and Kobe. So let's gather your names here and we'll put those rooftops next to your name so you know that you won those spots. Now let's grab all those names and pop them into here and thanks everybody for taking the risk on this filler break and now we'll match it up with the team. Let's do the break and we'll randomize that names and teams four and a three, seven times one, two, three, four, six, and seventh and final time four and a three, seven times six and a seventh and final time. All right, so here's the first half of the list here. No trade windows and half right there and now let's see what's in this box itself. Could be some surprises in here, you never know. And there's the final printout. Hot off the presses, thanks everybody. LeBron James. And we've got Mofondu right here to 125. That's for the Clippers, that's going to go to Kobe Chen. There's the upper echelon, LeBron James, those look pretty cool. It's kind of hard to see the names up against the pattern there. There's new beginning, Zion Williamson. It's Kobe with the Pelicans. Chris Middleton look a little different. And a John Morant rookie card. New beginnings, Jackson Hayes, Pink. The John Morant rookie card goes to Sean Oh and the Memphis Grizzlies. All right, not a bad box. Now, let's see who's going to win those mixer spots. So let's grab everyone's names. There's some new dice right there, another new list. The third and final dice roll of this video is going to be four and a five, nine times. So it's going to be top five after nine. It gets into that basketball mixer on jaspyscasewrakes.com. Good luck. One, two, three, four, five, six, seven, eight, and ninth and final time. After nine, top five. So from six on down, it is sad times, but we'll get them next time. Appreciate everybody taking that risk. Happy times though for the top five. That's going to be Kobe Chan, Kobe, Sean Oh, Kobe, and Kobe. Kobe certainly had the odds. Here it gets four of the five spots. Sean Oh sneaks in there as well. I'm Joe. I'll see you next time for the next one. Bye-bye.


What we've come to realize is that water is as important and becoming a scarce resource for increasing food production as land. Now this is not true everywhere, but it does mean that as we need to increase food production to meet increased population and improving diets, particularly in developing countries, we need to do that while not really increasing our use of water. So we need to find ways of dramatically improving the productivity of water, getting more per drop in the years ahead. In trying to improve productivity of water use, we should distinguish between rain-fed agriculture and irrigated agriculture. About 80% of the world's cultivated area is actually rain-fed. This means that it's subject to erratic rainfall, sometimes you can have too much rain at the wrong time, sometimes you can have droughts. So the key issue in improving water productivity in these soils is to try to find ways of conserving soil moisture, encouraging farmers through management practices like agroforestry, like conservation agriculture, like agro-ecological approaches, through water harvesting methods to store water during the rainy season so it can be used in the dry season. And of course also thinking of ways of breeding more drought tolerant plants so that yields don't collapse when you do have a very dry season. So these are key issues for improving water productivity in rain-fed areas. In irrigated areas the problems are slightly different because here we often find overuse of available water. It means that through the use of tube wells and other instruments which are basically drawing the water from the groundwater supply, so we're not replenishing that groundwater. So we're actually overusing water. We need to again to find ways of encouraging farmers to make better use of the water that they have. And often this will mean introducing, for example, water pricing. It may mean encouraging farmers to change their management practices through more efficient irrigation systems and of course through simply giving farmers a better understanding of the options that they have in terms of the crops that they grow. I think the first step is to create a value around water. So long as water is perceived as a costless commodity, people of course will use it, will waste it. So we must give it a value. And politically this can be very difficult where farmers are used in the past to getting a free supply or subsidized supply of water. And suddenly to be told that now we need to actually start to charge you because the water is getting scarce and there are other competing uses. But water charging on its own is unlikely to solve the problem. In many cases, such as the management of river basins, the management of water in lakes, we need to create new institutions where the various users can come together and agree on what is the sustainable level of exploitation. And that can be a very conflict-driven situation and does require some collective responsibilities and some collective control, if you like, from the government side.


The increasing monetary policy rate, Nigerian's inflation rate is now 20% above the world's bank projection of 15.5%. In its recent Nigerian development update, June 2022, the continuing urgency of business unusual, the global bank projected that Nigeria's inflation rate was going to be higher than it had anticipated and would hit 15.5%. The latest inflation figure from the National Bureau of Statistics shows that the nation inflation rose to 18.60% in June, the highest since January 2017 when it was 18.72%.