From Broke to Six Figures and Back: Jason Brown on Options Trading, Risk and Rebuilding Wealth

WEBVTT

1
00:00:00.332 --> 00:00:03.097
Look at the MAG7 stocks and just follow the money.

2
00:00:03.157 --> 00:00:07.766
Money is going into AI, infrastructure, cloud, storage, data centers.

3
00:00:07.907 --> 00:00:10.793
I would tell people to look there, at least at the time of this recording.

4
00:00:13.230 --> 00:00:15.412
You don't win by following the playbook.

5
00:00:15.792 --> 00:00:17.874
You win by rewriting it.

6
00:00:18.675 --> 00:00:23.340
700 episodes deep with the people who actually built something real.

7
00:00:23.840 --> 00:00:27.364
No theory, no fluff, no shortcuts.

8
00:00:28.004 --> 00:00:31.508
This is Right About Now with Ryan Alford.

9
00:00:34.209 --> 00:00:36.491
What's up and welcome to Right About Now.

10
00:00:36.651 --> 00:00:39.073
We're always talking about what's right and what's now.

11
00:00:39.233 --> 00:00:40.935
We can talk about last year, we can talk about next year.

12
00:00:40.995 --> 00:00:44.358
No, we're not about the windshield looking too far ahead.

13
00:00:44.378 --> 00:00:46.580
We're not about the rear view mirror looking too far behind.

14
00:00:46.620 --> 00:00:52.745
We're actually about taking notice of what's here, what's now, and how to get ahead in business and in life.

15
00:00:52.885 --> 00:00:54.467
And that's why we bring all the experts.

16
00:00:54.607 --> 00:00:56.588
We got my friend, my buddy, downtown Jason Brown.

17
00:00:56.608 --> 00:00:58.250
I gave him a name he didn't even ask for.

18
00:00:58.270 --> 00:01:00.692
That's what I do, Jason, but welcome to the show.

19
00:01:01.493 --> 00:01:02.854
Ryan, good to be here, man.

20
00:01:02.974 --> 00:01:03.394
I love it.

21
00:01:03.654 --> 00:01:04.015
I love it.

22
00:01:04.095 --> 00:01:05.436
I receive it.

23
00:01:05.496 --> 00:01:05.836
Good.

24
00:01:05.936 --> 00:01:06.757
I appreciate that.

25
00:01:06.817 --> 00:01:08.719
Some people are like, I don't think they know how to tape me.

26
00:01:08.779 --> 00:01:09.920
I give everybody pet names.

27
00:01:10.060 --> 00:01:10.720
It's love.

28
00:01:10.901 --> 00:01:11.321
I don't know.

29
00:01:11.341 --> 00:01:12.082
It's just what I do.

30
00:01:12.182 --> 00:01:13.523
I love what you're doing, Jason.

31
00:01:13.663 --> 00:01:14.764
Little options trading.

32
00:01:14.864 --> 00:01:17.966
Power Trades University, author of five-year millionaire.

33
00:01:18.107 --> 00:01:19.668
Damn, I'm going to be a five-year.

34
00:01:19.768 --> 00:01:22.729
Yeah, everybody likes to get in a hurry, but five years now is pretty good, Jason.

35
00:01:22.889 --> 00:01:24.609
It's a good, reasonable time frame.

36
00:01:24.629 --> 00:01:25.469
That's why I like it.

37
00:01:25.609 --> 00:01:28.230
It's doable, and it's not 40 years out.

38
00:01:28.250 --> 00:01:29.690
You're not looking at retirement.

39
00:01:29.810 --> 00:01:31.990
It's within your lifetime where you can still enjoy it.

40
00:01:32.231 --> 00:01:32.551
I know.

41
00:01:32.751 --> 00:01:33.131
Hey, man.

42
00:01:33.291 --> 00:01:37.552
I had student loans, and I wouldn't say I used every dollar wisely.

43
00:01:37.572 --> 00:01:43.353
Some might argue using them for college isn't even wise, but we'll save that topic for another day at another guest.

44
00:01:43.493 --> 00:01:44.453
But no, no.

45
00:01:44.553 --> 00:01:47.794
I got the attention of taking out the student loan, throwing it in the stock.

46
00:01:47.935 --> 00:01:49.155
It actually seems smart.

47
00:01:49.435 --> 00:01:51.356
It's like, at least you're going to get a higher return.

48
00:01:51.636 --> 00:01:52.376
You would have hoped.

49
00:01:52.517 --> 00:01:57.219
I'd love to start there a little bit, Jason, and then building towards what you're doing with Five Year Millionaire.

50
00:01:57.359 --> 00:01:58.219
Yeah, absolutely.

51
00:01:58.299 --> 00:02:05.062
So what happened when I was growing up, we were poor, sleeping in sleeping bags, and I was trying to figure out how to change our family's financial tree.

52
00:02:05.162 --> 00:02:08.063
And I actually took $2,000 to a bank at 18.

53
00:02:08.143 --> 00:02:09.684
That was my graduation money.

54
00:02:09.704 --> 00:02:11.325
And I said, like, I want to invest.

55
00:02:11.545 --> 00:02:12.545
The girl asked me, like, why?

56
00:02:12.565 --> 00:02:13.586
I was like, I want to be rich.

57
00:02:14.186 --> 00:02:15.467
Like, why else do people do this?

58
00:02:15.587 --> 00:02:17.508
And so basically she said, you want aggressive funds.

59
00:02:17.548 --> 00:02:18.968
I'm like, yeah, that sounds about right.

60
00:02:19.008 --> 00:02:20.029
I need aggressive growth.

61
00:02:20.309 --> 00:02:22.930
And I'm thinking, OK, I'm going to come back two or three years later.

62
00:02:22.950 --> 00:02:24.311
I'm at $6,000.

63
00:02:24.331 --> 00:02:27.352
You hear people say, just put some money in, leave it, come back, it'll grow.

64
00:02:27.372 --> 00:02:27.472
Yeah.

65
00:02:27.892 --> 00:02:31.633
came back about two, three years later, and it was down to $700.

66
00:02:31.713 --> 00:02:34.053
And so they lost majority of my money.

67
00:02:34.113 --> 00:02:35.013
They lost $1,300.

68
00:02:35.033 --> 00:02:37.274
So I'm like, I could have lost my own money.

69
00:02:37.314 --> 00:02:37.914
What happened?

70
00:02:38.014 --> 00:02:39.954
And pretty much, she's just like, I don't know what to tell you.

71
00:02:39.974 --> 00:02:41.234
Market goes up, goes down.

72
00:02:41.254 --> 00:02:42.675
I was like, I know what to tell you.

73
00:02:42.815 --> 00:02:43.975
Give me my $700.

74
00:02:44.215 --> 00:02:45.335
I can do this myself.

75
00:02:45.455 --> 00:02:47.455
And so I spent $200 on some Jordans.

76
00:02:47.475 --> 00:02:51.296
I was like, if I lose this other $500, at least I got some gym shoes out of the whole deal.

77
00:02:51.316 --> 00:02:53.996
You know, I got something to show for that money.

78
00:02:54.016 --> 00:02:54.797
Yeah, your own heart.

79
00:02:55.157 --> 00:02:55.497
Right?

80
00:02:55.517 --> 00:02:55.677
Yes.

81
00:02:57.437 --> 00:02:58.578
I had 500 bucks.

82
00:02:58.698 --> 00:03:01.220
I'm working for Sprint PCS making $8 an hour.

83
00:03:01.280 --> 00:03:04.803
I make 64 bucks on a Saturday, $50 after you take out taxes.

84
00:03:04.923 --> 00:03:08.565
And I was like, I could just make 50 bucks with this $500.

85
00:03:08.826 --> 00:03:10.287
I wouldn't have to work a weekend.

86
00:03:10.327 --> 00:03:11.968
What I did was I bought Sprint at $5.

87
00:03:12.668 --> 00:03:13.789
It fell down to $4.

88
00:03:13.889 --> 00:03:15.871
I was like, oh man, I'm not that good at this.

89
00:03:15.911 --> 00:03:17.292
Maybe I'm not as smart as I thought.

90
00:03:17.512 --> 00:03:18.932
Sprint went back up to five.

91
00:03:19.172 --> 00:03:20.993
I thought, OK, I just need to go to 550.

92
00:03:21.293 --> 00:03:23.053
It fell back down to four again.

93
00:03:23.093 --> 00:03:24.694
I thought the stock market's rigged.

94
00:03:24.814 --> 00:03:26.614
That's why they asked for your Social Security number.

95
00:03:26.634 --> 00:03:27.694
They won't let it go to 550.

96
00:03:27.894 --> 00:03:29.595
I just had all these thoughts.

97
00:03:29.755 --> 00:03:31.015
It went back up to five.

98
00:03:31.055 --> 00:03:32.376
And I said, I've seen this before.

99
00:03:32.656 --> 00:03:33.876
I got out at five.

100
00:03:34.036 --> 00:03:34.816
It fell to four.

101
00:03:34.896 --> 00:03:35.596
I got back in.

102
00:03:35.696 --> 00:03:36.477
It went up to five.

103
00:03:36.517 --> 00:03:38.257
I got out, made my first hundred dollars.

104
00:03:38.417 --> 00:03:42.319
I tell you that story because that was the first time I started to learn about patterns.

105
00:03:42.379 --> 00:03:45.261
If you drew that out on a paper, it would be called a channel and stock pattern.

106
00:03:45.381 --> 00:03:48.823
So I got really good at these patterns and start studying what other patterns there were.

107
00:03:48.843 --> 00:03:51.745
And I said, how do I get more money into the machine?

108
00:03:51.885 --> 00:03:56.868
And so I had a scholarship to school, the Mike Illich School of Business, Wayne State University here in Detroit, Michigan.

109
00:03:57.068 --> 00:03:59.489
And I knew that I went and saw financial aid.

110
00:03:59.509 --> 00:04:01.510
I saw my buddies getting student loan refunds.

111
00:04:01.750 --> 00:04:05.833
And I found out that because I didn't live on campus, she was like, oh, you can use the money to live on campus.

112
00:04:05.873 --> 00:04:06.153
I said, well,

113
00:04:06.193 --> 00:04:06.994
what if I live at home?

114
00:04:07.014 --> 00:04:09.575
She's like, well, you could move on campus, use it for living expenses.

115
00:04:09.735 --> 00:04:11.497
So I'm like, basically I can use it for whatever I want.

116
00:04:11.597 --> 00:04:16.340
And for me, I saw that as an opportunity to get more money into the stock market machine.

117
00:04:16.360 --> 00:04:22.164
So I took that $10,000 student loan and I grew it to like $113,000 as a 21-year-old college student.

118
00:04:22.384 --> 00:04:22.824
Amazing.

119
00:04:23.024 --> 00:04:25.626
What a great story that would be if that was the end.

120
00:04:27.527 --> 00:04:29.829
But I think there's a part two coming.

121
00:04:31.259 --> 00:04:32.982
There's definitely a but to that, right?

122
00:04:33.022 --> 00:04:36.166
Because what happened was I dropped out of school after that.

123
00:04:36.226 --> 00:04:38.168
I made more money not being an engineer.

124
00:04:38.248 --> 00:04:40.431
And then I grew the account to about $300,000.

125
00:04:40.751 --> 00:04:48.982
And about three years later, at about 26, 27, I actually risked a quarter million trying to make half a million and I lose it all.

126
00:04:49.422 --> 00:04:58.084
So by the time I'm 27-ish, I'm flat broke, had to move back home to the neighborhood with drugs, gangs, bars on the window and really reset.

127
00:04:58.124 --> 00:05:01.705
But that's where this whole new Jason Brown was born.

128
00:05:01.725 --> 00:05:05.666
That's when I started documenting my life and saying, like, I know the stock market works.

129
00:05:05.706 --> 00:05:07.127
I've made money from it before.

130
00:05:07.327 --> 00:05:09.487
I just got to figure out what I did wrong.

131
00:05:09.507 --> 00:05:11.848
And that's kind of how I got into YouTube and teaching.

132
00:05:11.888 --> 00:05:16.509
And I was rebuilding my account and kind of recording and documenting the whole process along the way.

133
00:05:23.697 --> 00:05:28.960
Hey man, I admire just the gumption of it all because I love people that take chances.

134
00:05:29.060 --> 00:05:30.521
You're watching your surroundings.

135
00:05:30.561 --> 00:05:35.063
You maybe not have known everything and we don't always know everything, but you're watching, Hey, people are investing in doing these things.

136
00:05:35.083 --> 00:05:38.345
You get interested, you put 2000 in the bank, you realize what a facade that is.

137
00:05:38.705 --> 00:05:47.530
And what happens is you get put into one fund where some guy that gets paid 30 grand a year, pays attention to it for about 10 minutes a month.

138
00:05:47.750 --> 00:05:51.173
the aggressive value fund here at Liberty Mutual Bank.

139
00:05:51.313 --> 00:05:53.735
Well, I'm making up bank names, but I mean, I could see it.

140
00:05:53.975 --> 00:05:56.157
And we'll get you in the aggressive fund, son.

141
00:05:56.398 --> 00:05:57.358
We'll get you in that one.

142
00:05:57.519 --> 00:05:59.060
We'll see how it goes in a couple of years.

143
00:05:59.280 --> 00:06:00.441
Yeah, how it goes.

144
00:06:04.785 --> 00:06:08.828
Oh, I remember starting in school and they want you to get in the 401k plan.

145
00:06:08.848 --> 00:06:10.449
They give you four boxes to check.

146
00:06:10.709 --> 00:06:12.690
And it's like, I'll give you, I took that aggressive one.

147
00:06:12.810 --> 00:06:15.873
I don't think it went as bad as yours, but it didn't go wonderful.

148
00:06:15.993 --> 00:06:19.155
Then I realized, okay, I can diversify this thing and do it like I want.

149
00:06:19.195 --> 00:06:21.618
But admire, again, you're wanting to get ahead.

150
00:06:21.658 --> 00:06:22.739
You're wanting to do the right things.

151
00:06:22.799 --> 00:06:23.881
You're hearing the signals.

152
00:06:23.961 --> 00:06:24.822
This is how you do it.

153
00:06:25.002 --> 00:06:28.146
And then you earn it up and you took a little bit of the slow path.

154
00:06:28.306 --> 00:06:29.828
And it sounds like you got a little greedy.

155
00:06:29.928 --> 00:06:31.329
And I'm just going to say, I don't know.

156
00:06:31.429 --> 00:06:32.611
I mean, every detail of that.

157
00:06:32.711 --> 00:06:35.735
But maybe it was oversold to you, misrepresented.

158
00:06:35.755 --> 00:06:37.497
There's probably a lot of details to that.

159
00:06:37.597 --> 00:06:39.459
But it sounds like maybe you tried to get in a hurry.

160
00:06:39.559 --> 00:06:43.542
When I saw the opportunity with the stock market, I counted $300,000.

161
00:06:43.702 --> 00:06:47.284
When I started to lose it, there was a lot of different things wrapped up into it.

162
00:06:47.424 --> 00:06:48.525
A, I did get greedy.

163
00:06:48.645 --> 00:06:50.966
I was risking a quarter million trying to make half a million.

164
00:06:51.146 --> 00:06:54.369
I was actually up $100,000 in that trade before it went against me.

165
00:06:54.469 --> 00:06:57.350
And I remember saying $100,000 is not enough.

166
00:06:57.470 --> 00:07:00.252
I'll never say that again, by the way.

167
00:07:00.292 --> 00:07:03.394
But at that moment, I was like, $100,000, what am I going to do with that?

168
00:07:03.434 --> 00:07:04.955
Because I was trying to make half a million.

169
00:07:05.095 --> 00:07:07.557
In my head, I was trying to make half a million in one.

170
00:07:07.777 --> 00:07:08.478
investment.

171
00:07:08.538 --> 00:07:12.220
Not really, I could have made a hundred thousand four more times, but that was part of it.

172
00:07:12.480 --> 00:07:17.564
One of the principles I learned from it that I talk about in my book, Five Year Millionaire, is that I didn't have an I'm wrong level.

173
00:07:17.604 --> 00:07:20.646
So I didn't have a level of say, hey, if this goes against me, when am I going to get out?

174
00:07:20.686 --> 00:07:21.866
How am I going to save my account?

175
00:07:21.946 --> 00:07:23.287
I didn't have any protection.

176
00:07:23.347 --> 00:07:25.709
Now I talk about how to use put options as protection.

177
00:07:25.729 --> 00:07:29.331
It's like I should have took a portion of that money and protected that quarter million.

178
00:07:29.371 --> 00:07:29.732
I didn't.

179
00:07:29.772 --> 00:07:34.435
I just thought it's going up and I'm going along for the ride, never thinking that it can go down.

180
00:07:34.535 --> 00:07:34.675
So

181
00:07:34.935 --> 00:07:39.877
It definitely humbled me, but I wouldn't be the same guy I am today if it went right.

182
00:07:39.977 --> 00:07:43.199
Number one, you wouldn't like me because I'd be super arrogant, think I knew everything.

183
00:07:43.239 --> 00:07:47.261
But number two, when the times get tough in the market, I'd realize I didn't really know anything.

184
00:07:47.361 --> 00:07:48.782
I don't think I knew as much as I thought.

185
00:07:48.842 --> 00:07:50.863
I was just riding the wave of the market going up.

186
00:07:50.923 --> 00:07:52.683
And I think a lot of people invest like that.

187
00:07:52.703 --> 00:07:59.787
They get a little bit of success, but they don't really know what they're doing until they've been through an up market, down market and a sideways market.

188
00:07:59.927 --> 00:08:01.948
Tariffs, COVID, all that.

189
00:08:01.968 --> 00:08:02.328
Yeah.

190
00:08:02.728 --> 00:08:03.228
No kidding.

191
00:08:03.328 --> 00:08:04.429
Talking with Jason Brown.

192
00:08:04.469 --> 00:08:08.931
He is a stock market expert, options trader, and author of Five-Year Millionaire.

193
00:08:09.031 --> 00:08:13.854
So Jason, we got the good, the bad, the ugly, and we came on the other side.

194
00:08:13.894 --> 00:08:19.697
This is the quote from the book, the roadmap for investing in the stock market, wealth accumulation, and financial independence.

195
00:08:19.797 --> 00:08:20.538
We want that plan.

196
00:08:21.418 --> 00:08:24.521
Yeah, the plan starts with you got to be educated.

197
00:08:24.581 --> 00:08:32.749
First of all, everybody wants to invest in the stock market, but it's hard to invest if you're not educated about how it works, when to buy, when to sell.

198
00:08:32.769 --> 00:08:36.332
And the first thing I tell people, or at least the roadmap that we talk about in the book,

199
00:08:36.392 --> 00:08:38.053
It's number one, you got to have an account.

200
00:08:38.073 --> 00:08:40.155
You got to have access to the market.

201
00:08:40.255 --> 00:08:43.758
And we want you to practice before you ever put real money down.

202
00:08:43.818 --> 00:08:46.761
But then that goes into the education piece because it's like golf.

203
00:08:46.941 --> 00:08:50.224
If you don't know what to practice, you start to develop a bad swing.

204
00:08:50.324 --> 00:08:55.508
You want to be educated to the point of what am I practicing and how do I know I'm practicing in it the right way?

205
00:08:55.668 --> 00:09:00.873
And the steps you want to take, or at least that we teach, is number one, you want to be able to read stock charts.

206
00:09:01.053 --> 00:09:08.138
A lot of people start with fundamentals first, but the reality is if I look at a stock chart, I could tell just by looking at, is the stock in an uptrend?

207
00:09:08.198 --> 00:09:09.158
Is it in a downtrend?

208
00:09:09.218 --> 00:09:10.039
Is it in a sideways?

209
00:09:10.239 --> 00:09:15.062
If it's in a downtrend, then I can go look at the fundamentals and find out why it's in a downtrend.

210
00:09:15.162 --> 00:09:16.143
If it's in an uptrend,

211
00:09:16.263 --> 00:09:18.886
Then I can go look at the fundamentals and find out why.

212
00:09:18.966 --> 00:09:25.454
But initially, that chart is going to tell you if you're in a stock that's going up, going down or is going sideways.

213
00:09:25.654 --> 00:09:32.682
Then from there, just taking a look at the fundamentals and saying, like, well, why is it going up and why do I think it's going to continue to go up?

214
00:09:32.802 --> 00:09:38.691
And then the third piece of it is using options to supercharge your results as well as protect your account.

215
00:09:38.891 --> 00:09:43.678
Most people don't get excited about investing because they say, oh, I only have 500 bucks.

216
00:09:43.698 --> 00:09:44.719
I only have a thousand dollars.

217
00:09:44.740 --> 00:09:46.021
I only have four thousand dollars.

218
00:09:46.162 --> 00:09:47.624
That's not going to do much.

219
00:09:47.864 --> 00:09:52.046
And depending on who you're talking to, some people say, oh, just put, keep adding money to it.

220
00:09:52.066 --> 00:09:53.567
And over time, it'll grow.

221
00:09:53.627 --> 00:10:02.912
But if you understand options, you can actually control some of the higher quality, better stocks and get an exponential return, even with a little bit of capital.

222
00:10:02.932 --> 00:10:09.495
So it's really key to learn about call options and put options and how you can supercharge your account as well as protect it from losses.

223
00:10:09.735 --> 00:10:10.976
Talk to me, Jason.

224
00:10:10.996 --> 00:10:11.716
I'm going to play.

225
00:10:11.736 --> 00:10:13.657
I'm not always like devil's advocate.

226
00:10:13.657 --> 00:10:15.237
That's not the right word here, but more.

227
00:10:15.757 --> 00:10:16.858
I try to play reality.

228
00:10:16.998 --> 00:10:23.719
You and I would probably think we're probably cut out of similar, similar cloths being aggressive, wanting to make our own path, that entrepreneur type spirit.

229
00:10:23.859 --> 00:10:26.120
Some people just don't want to take the time to learn it.

230
00:10:26.240 --> 00:10:28.480
As crazy as that might sound, and it might sound lazy.

231
00:10:28.620 --> 00:10:31.541
It looks like Chinese checkers or something on the board.

232
00:10:31.721 --> 00:10:32.821
How do you navigate this?

233
00:10:32.881 --> 00:10:36.542
Is that just when, hey, you need to find a good financial advisor that you trust?

234
00:10:36.982 --> 00:10:40.123
Or is it stop fooling yourself, learn this stuff.

235
00:10:40.183 --> 00:10:40.803
It's important.

236
00:10:40.823 --> 00:10:41.603
Get over it.

237
00:10:41.743 --> 00:10:42.163
Which one?

238
00:10:42.303 --> 00:10:44.446
It's both and, to be honest with you.

239
00:10:44.686 --> 00:10:50.253
And I would never shun someone who doesn't want to learn this because you do have to have an interest.

240
00:10:50.574 --> 00:10:55.140
I don't have to say you have to be passionate about it, but you have to have an interest to want to know how do I grow my money?

241
00:10:55.440 --> 00:11:00.687
You know, what are they doing with my money versus just me signing this paper and I'm sending me a statement every month that I don't know how to read?

242
00:11:01.127 --> 00:11:03.408
So you have to have some interest.

243
00:11:03.428 --> 00:11:08.810
And I think it's very important that we're not trying to take people who aren't interested in the market and make them interested.

244
00:11:08.950 --> 00:11:14.712
If you're already interested, we're saying, hey, here's a roadmap and a blueprint to help you get better and understand it.

245
00:11:14.812 --> 00:11:21.914
If you're not interested in managing your money, you are left to finding a good financial advisor or a person you're trying to.

246
00:11:22.054 --> 00:11:22.434
trust.

247
00:11:22.494 --> 00:11:27.579
I think what's important there is that you understand no one's going to manage your money like you are.

248
00:11:27.659 --> 00:11:30.081
So just make sure your expectations are in alignment.

249
00:11:30.101 --> 00:11:31.782
People say, well, I don't really want to learn it.

250
00:11:31.842 --> 00:11:37.587
I just want to give it to somebody and I want them to give me the 100% returns or the 50% returns that I see sometimes you make.

251
00:11:37.667 --> 00:11:45.854
And I said, unless you got a 10, $20 million account, your account ain't big enough for someone to focus solely on you and your money and to grow it like that.

252
00:11:45.874 --> 00:11:46.815
They're going to stick you.

253
00:11:46.955 --> 00:11:47.655
You got 100.

254
00:11:47.695 --> 00:11:49.797
I'm going to check that box at the end of the sheet.

255
00:11:49.957 --> 00:11:50.538
Yeah.

256
00:11:50.829 --> 00:11:52.970
And they're just going to stick you in some fun, right?

257
00:11:53.230 --> 00:11:57.092
And go find 100 more people like you because they only make 2% off of it.

258
00:11:57.152 --> 00:12:00.433
In order for them to make their living, they just got to find a bunch of you who don't care.

259
00:12:00.533 --> 00:12:02.714
Just as long as your expectations are aligned.

260
00:12:02.734 --> 00:12:08.537
And I think the other thing that's a little bit dangerous about that is people say, I want to find someone I trust.

261
00:12:08.697 --> 00:12:12.018
But how do you know who to trust if you don't understand it yourself?

262
00:12:12.138 --> 00:12:13.779
And most people don't have an answer for that.

263
00:12:14.039 --> 00:12:16.259
They say something like, oh, this person went to school for it.

264
00:12:16.439 --> 00:12:17.940
Going to school does not equal trust.

265
00:12:18.320 --> 00:12:20.561
Going to school just means you know how to pass a test.

266
00:12:20.881 --> 00:12:24.582
Taking a series 6, 63, or 7 just means you know how to pass a test.

267
00:12:24.822 --> 00:12:28.943
I found when I went to study to become a wealth manager, I studied to become a financial planner.

268
00:12:28.943 --> 00:12:31.104
planner past the six, 63 and the seven.

269
00:12:31.264 --> 00:12:35.626
And right before we filed it with the state and the SEC, you got to get sponsored and all that stuff.

270
00:12:35.726 --> 00:12:37.567
They wanted me to shut down my own website.

271
00:12:37.587 --> 00:12:39.248
They said, I couldn't talk about stocks anymore.

272
00:12:39.268 --> 00:12:40.368
Then I said, OK, no problem.

273
00:12:40.548 --> 00:12:41.109
How does it work?

274
00:12:41.169 --> 00:12:43.450
When do we actually pick the stocks and help people?

275
00:12:43.570 --> 00:12:44.630
Oh, we don't pick the stocks.

276
00:12:44.911 --> 00:12:48.292
We pick from these three different funds from American funds, Fidelity.

277
00:12:48.432 --> 00:12:49.913
And I forget who the third company was.

278
00:12:49.933 --> 00:12:54.835
It was like, oh, they just supply everybody these funds and they change one letter or one ticker symbol.

279
00:12:54.855 --> 00:12:56.356
And now it's like our custom fund.

280
00:12:56.496 --> 00:12:58.137
I'm like, so we don't even manage the money?

281
00:12:58.378 --> 00:13:06.584
Like, no, like you just got to be licensed in order to sell these securities and make a list of all your friends and who's their financial planner or who they use and see if you can bring their account over.

282
00:13:06.624 --> 00:13:13.169
And I thought that's interesting because people would have thought they could trust me just because I had a license and I wasn't even managing the money.

283
00:13:13.189 --> 00:13:23.978
I was basically a licensed sales rep. You have to have a little bit of interest in this and you have to be educated enough to the point to understand how do you even pick somebody that you trust and is knowledgeable.

284
00:13:24.198 --> 00:13:25.359
Yeah, good advice.

285
00:13:25.719 --> 00:13:30.763
And I'll say this, as you were talking, Jason, I was thinking back to college or to my education.

286
00:13:30.883 --> 00:13:33.384
Why are we teaching sixth graders this?

287
00:13:33.625 --> 00:13:37.928
We should have another finance and stuff once you get in college and even high school a little bit.

288
00:13:38.008 --> 00:13:40.830
But we should be teaching our youth this from the get go.

289
00:13:40.850 --> 00:13:44.072
I mean, should we get financial excellence in sixth grade?

290
00:13:44.092 --> 00:13:45.613
I feel like we should be starting earlier.

291
00:13:45.853 --> 00:13:47.694
You know, that's interesting conversation.

292
00:13:47.715 --> 00:13:49.316
I got so many thoughts around that.

293
00:13:49.336 --> 00:13:51.197
You'd have to make it corrective for that.

294
00:13:51.277 --> 00:13:53.458
We should be introducing this stuff earlier.

295
00:13:53.478 --> 00:13:55.919
There's so many problems with trying to do it.

296
00:13:55.959 --> 00:13:59.220
You got the parents who don't understand it, so they can't help at home.

297
00:13:59.400 --> 00:14:01.161
You think there are 10 hours of rejection?

298
00:14:01.181 --> 00:14:01.861
Come on, man.

299
00:14:05.222 --> 00:14:07.283
My wife's a principal and was a math major.

300
00:14:07.323 --> 00:14:09.043
Daddy's pretty good at a lot of things.

301
00:14:09.063 --> 00:14:10.324
Mommy's going to have to help you with that math.

302
00:14:10.624 --> 00:14:14.465
Look, send them same kids home and be like, we want to buy some stocks and invest.

303
00:14:14.485 --> 00:14:15.486
The parents are like, what?

304
00:14:15.666 --> 00:14:15.926
Huh?

305
00:14:17.712 --> 00:14:18.012
True.

306
00:14:18.392 --> 00:14:20.994
But yeah, there's a balance there, but I'll let you finish your thought.

307
00:14:21.194 --> 00:14:24.175
The school's trying to cater to the average student.

308
00:14:24.195 --> 00:14:32.160
So maybe in affluent neighborhoods or unique schools, able to introduce some of these extracurricular or non-traditional learning paths.

309
00:14:32.240 --> 00:14:44.626
But when you try to look at school as a whole and they're trying to teach a broad spectrum of kids, I just don't think they have the bandwidth to introduce investing and investing concepts, A, if the teachers don't understand it themselves.

310
00:14:44.726 --> 00:14:46.407
And then B, they're trying to just kind of block

311
00:14:46.407 --> 00:14:48.448
blanket, teach it across all students.

312
00:14:48.488 --> 00:14:54.410
Although I believe all the students could learn it, I just don't know that the schools are ready to kind of take on that task.

313
00:14:54.490 --> 00:14:56.051
I like big challenges, Jason.

314
00:14:56.071 --> 00:14:57.031
I like big on it big.

315
00:14:57.071 --> 00:14:59.412
Hey, we're doing enough of the same shit for too long.

316
00:14:59.492 --> 00:15:02.493
My wife, she's middle school principal, talking about a tough job.

317
00:15:02.673 --> 00:15:04.514
She agrees with it, but it's more than she has.

318
00:15:04.554 --> 00:15:08.375
She's got enough problems that I'm like, man, we keep what they say, stay the same, stay the same.

319
00:15:08.535 --> 00:15:09.256
There's something there.

320
00:15:09.296 --> 00:15:10.256
There's a balance.

321
00:15:10.316 --> 00:15:12.237
I don't know if we're going to solve that today, but it may be.

322
00:15:12.257 --> 00:15:15.198
No, I think there's a huge opportunity there, though, for sure.

323
00:15:15.358 --> 00:15:15.758
If we had

324
00:15:15.978 --> 00:15:19.359
Financially secure, at least knowledgeable kids in those areas.

325
00:15:19.379 --> 00:15:21.880
And maybe it's not stock options, but it's something.

326
00:15:22.000 --> 00:15:24.000
I mean, just teach them how to use credit.

327
00:15:24.120 --> 00:15:25.321
You know, let's start there.

328
00:15:25.381 --> 00:15:29.022
Let's teach them how to balance a checkbook or create a spreadsheet with a budget.

329
00:15:29.162 --> 00:15:33.603
The whole gamut of financial literacy is just missing from school at an early age.

330
00:15:33.643 --> 00:15:34.703
Teach them how to pay taxes.

331
00:15:34.903 --> 00:15:38.244
Most kids probably don't even know that they don't even get to keep 100 percent of their paycheck.

332
00:15:38.424 --> 00:15:39.765
especially if they started a business.

333
00:15:39.845 --> 00:15:44.108
There's so many things in the financial literacy space that could be taught in schools.

334
00:15:44.228 --> 00:15:46.670
But like you said, I don't know that we go solve that today.

335
00:15:46.710 --> 00:15:51.633
But maybe, maybe somebody's listening and we go create some type of cool partnership.

336
00:15:51.893 --> 00:15:52.474
There you go.

337
00:15:59.738 --> 00:16:02.639
As we close out here, Jason, talk to me about the Brown Report.

338
00:16:02.819 --> 00:16:07.840
How do people, what's the first step here, both with you and in general, how you guide people?

339
00:16:08.000 --> 00:16:12.521
Power Trades University, I know we got that, but walk me through some practical steps for our audience.

340
00:16:12.661 --> 00:16:16.162
Yeah, there's two things that we like to start people off with.

341
00:16:16.182 --> 00:16:18.603
So at the Brown Report, we have the Stock Market Starter Pack.

342
00:16:18.703 --> 00:16:21.504
Those are for people who say, I don't even know where to open an account.

343
00:16:21.604 --> 00:16:22.805
I don't know how to read a chart.

344
00:16:22.845 --> 00:16:23.885
I don't know what I'm looking at.

345
00:16:24.005 --> 00:16:26.246
I don't know how much money I need, how much I want to make.

346
00:16:26.366 --> 00:16:35.330
And the stock market starter pack, we walk you through all that, how to get your first account open, how much money you need, how much you can expect to make, how to read the three most profitable chart patterns.

347
00:16:35.430 --> 00:16:37.831
And it's completely free PDF download.

348
00:16:37.891 --> 00:16:39.031
The second one is the stock.

349
00:16:39.331 --> 00:16:40.232
option starter pack.

350
00:16:40.252 --> 00:16:49.957
So maybe you've already been investing, but you want to know how to supercharge your account or your returns, as well as protect it when the markets dip or learn how to make money from stocks in the market falling.

351
00:16:49.997 --> 00:16:51.658
We got the stock option starter pack.

352
00:16:51.678 --> 00:16:54.479
So both of those are available at the brown report.com.

353
00:16:54.599 --> 00:17:00.502
One of the best free resources to get anyone from a beginner to someone who's even been experienced to the next level.

354
00:17:00.683 --> 00:17:01.283
I love it, man.

355
00:17:01.303 --> 00:17:08.907
I mean, what's realistic if someone coming in, they said they don't have a million dollars and how to become a billionaire in five years, but like or a multimillionaire.

356
00:17:08.967 --> 00:17:11.969
What's realistic year one following something like this?

357
00:17:12.049 --> 00:17:15.611
And no guarantees, you can't control everything, but generally speaking.

358
00:17:15.691 --> 00:17:24.896
In my book, Five Year Millionaire, I break down how you can start with $4,000 and if you can earn 10% a month for 60 trades or five years, you'd actually have $1.2 million.

359
00:17:26.037 --> 00:17:31.199
Most people think to become a millionaire in five years, they got to start with 100,000 or they got to start with half a million.

360
00:17:31.239 --> 00:17:36.980
But really, if you can start with four thousand dollars, you could grow it to a million, 1.2 million in five years.

361
00:17:37.040 --> 00:17:40.181
When you say what's realistic, I like to answer that two different ways.

362
00:17:40.381 --> 00:17:44.182
What's realistic for people who are knowledgeable and what's realistic for people who are not knowledgeable?

363
00:17:44.243 --> 00:17:47.503
When people are not knowledgeable, they don't believe you can earn 10 percent a month.

364
00:17:47.544 --> 00:17:52.085
Most people don't make 10 percent a year in the market because the S&P 500 returns on average 11 percent.

365
00:17:52.605 --> 00:17:59.672
For those of us who are using options, reading stock charts, I have those trades where I earn 10, 20, 30, 40, 50 percent a month.

366
00:17:59.712 --> 00:18:06.238
And so that is realistic, but it's not realistic without knowledge and without practicing and without learning the industries.

367
00:18:06.498 --> 00:18:09.121
I know that 10 percent is doable.

368
00:18:09.281 --> 00:18:10.122
And what I love about.

369
00:18:10.482 --> 00:18:12.864
What we do, all our trades are recorded.

370
00:18:13.045 --> 00:18:14.306
Everything is time-stamped.

371
00:18:14.366 --> 00:18:20.432
You can go back over the years and say, do these trades really make 10% on average a month?

372
00:18:20.552 --> 00:18:24.296
Do a segment on the Charles Schwab Network live from the New York Stock Exchange.

373
00:18:24.456 --> 00:18:26.858
I do a segment called Three Stocks, Three Options.

374
00:18:27.038 --> 00:18:30.522
Those are public stock picks that I give with the option trade.

375
00:18:30.702 --> 00:18:33.945
You can also go see those trades and see like, whoa,

376
00:18:34.265 --> 00:18:35.225
It went up 50 percent.

377
00:18:35.285 --> 00:18:39.467
It went up 30 percent, 20 percent in a month or in two months and average 10 percent.

378
00:18:39.627 --> 00:18:41.828
Knowing that is possible and then getting the knowledge.

379
00:18:41.868 --> 00:18:46.909
So I think you can realistically expect 10 percent a month, but you have to grow until that 10 percent a month.

380
00:18:46.929 --> 00:18:47.789
You set an open account.

381
00:18:47.809 --> 00:18:48.510
You got to learn.

382
00:18:48.570 --> 00:18:49.310
You got to practice.

383
00:18:49.530 --> 00:18:50.030
Fair enough.

384
00:18:50.310 --> 00:18:55.552
Lastly, Jason, any hot stock tips, anything on the radar that somebody should be aware of?

385
00:18:55.752 --> 00:18:57.134
I like to say, follow the money.

386
00:18:57.454 --> 00:19:04.984
At the time of this recording, the money is going into AI, is going into semiconductor stocks, is going into cloud and storage.

387
00:19:05.144 --> 00:19:06.867
Right now, follow the money.

388
00:19:07.007 --> 00:19:10.872
The simplest way for most people listening, look at the MAG-7 stocks, you got money.

389
00:19:10.912 --> 00:19:14.215
Microsoft, who's crushing it with their Azure cloud services.

390
00:19:14.335 --> 00:19:20.261
You have Apple, who has yet to do the Siri refresh, but they also haven't really made their big splash in AI.

391
00:19:20.301 --> 00:19:21.703
But that stock's moving higher.

392
00:19:21.843 --> 00:19:25.387
You got NVIDIA, who's just crushing it, making the chips and building data centers.

393
00:19:25.547 --> 00:19:28.309
Look at the Mag 7 stocks and just follow the money.

394
00:19:28.370 --> 00:19:30.592
Money is going into AI infrastructure.

395
00:19:30.952 --> 00:19:35.996
cloud storage data centers, I would tell people to look there, at least at the time of this recording.

396
00:19:36.216 --> 00:19:40.600
Jason, jam-packed action value all in one.

397
00:19:40.640 --> 00:19:41.741
Where can everybody learn more?

398
00:19:41.801 --> 00:19:43.762
You mentioned it, thebrownreport.com.

399
00:19:43.802 --> 00:19:46.104
I think I heard, but give those digital digits.

400
00:19:46.264 --> 00:19:48.026
We're the digital...

401
00:19:48.206 --> 00:19:48.846
locations.

402
00:19:48.966 --> 00:19:51.127
The best place is thebrownreport.com.

403
00:19:51.287 --> 00:19:54.028
From there, they can connect with me on LinkedIn and connect me on Instagram.

404
00:19:54.048 --> 00:19:56.890
I'm thebrownreport on Instagram, thebrownreport on YouTube.

405
00:19:57.170 --> 00:19:58.750
I'm pretty much thebrownreport everywhere.

406
00:19:58.770 --> 00:20:03.492
So they just go to thebrownreport.com and check out free PDF and all things Jason Brown.

407
00:20:03.732 --> 00:20:04.012
I know.

408
00:20:04.333 --> 00:20:05.633
Downtown Jason Brown.

409
00:20:05.813 --> 00:20:06.573
I like that though.

410
00:20:06.614 --> 00:20:07.674
Especially Detroit too.

411
00:20:07.814 --> 00:20:08.474
Detroit man.

412
00:20:08.634 --> 00:20:10.135
Downtown Jason Brown seems to fit.

413
00:20:10.355 --> 00:20:11.377
I love my Detroit people.

414
00:20:11.537 --> 00:20:13.420
They're like gritty, but fun and nice.

415
00:20:13.600 --> 00:20:16.064
The ones I know, some of my friends are all from Detroit that way.

416
00:20:16.204 --> 00:20:16.604
That's funny.

417
00:20:16.624 --> 00:20:18.828
I also have a place downtown Detroit, too.

418
00:20:20.109 --> 00:20:20.710
Hey, see?

419
00:20:20.851 --> 00:20:22.793
Downtown Detroit, Jason Brown.

420
00:20:23.154 --> 00:20:23.955
I love it, man.

421
00:20:23.975 --> 00:20:25.077
I appreciate you coming on.

422
00:20:25.317 --> 00:20:26.578
Ryan, I appreciate you, brother.

423
00:20:26.818 --> 00:20:28.279
Hey, man, you know where to find us.

424
00:20:28.359 --> 00:20:29.800
Ryan is right.com.

425
00:20:29.820 --> 00:20:32.822
I'll have highlight links, everything from today's show.

426
00:20:32.962 --> 00:20:34.023
The Brown report.com.

427
00:20:34.043 --> 00:20:34.844
We'll have links there.

428
00:20:35.044 --> 00:20:41.008
And of course, where to find us anytime, anywhere at Ryan Alford had that blue check before you buy, baby.

429
00:20:41.128 --> 00:20:41.869
We'll see you next time.

430
00:20:42.149 --> 00:20:42.489
All right.

431
00:20:42.749 --> 00:20:43.530
About now.

432
00:20:43.970 --> 00:20:44.851
Here's the truth.

433
00:20:45.371 --> 00:20:47.453
Information doesn't change your life.

434
00:20:47.973 --> 00:20:49.215
Execution does.

435
00:20:49.875 --> 00:20:52.637
So don't just listen to this episode and move on.

436
00:20:53.078 --> 00:20:54.119
Take the idea.

437
00:20:54.679 --> 00:20:55.620
Make the call.

438
00:20:56.180 --> 00:20:57.101
Launch the thing.

439
00:20:57.682 --> 00:20:58.663
Fix the problem.

440
00:20:59.323 --> 00:21:01.824
Build what you keep talking about building.

441
00:21:02.544 --> 00:21:07.226
For more, follow Ryan Alford on Instagram, at Ryan Alford.

442
00:21:07.866 --> 00:21:12.868
And watch or listen to every episode at ryanisright.com.

443
00:21:13.428 --> 00:21:15.289
This is Right About Now.

444
00:21:16.009 --> 00:21:17.069
Now quit waiting.

445
00:21:17.610 --> 00:21:18.310
Go win.