009: 130k Cheques Playing Poker, How to Invest Your Entire Salary, The Importance Of Doing The Opposite Of The Masses & The Significance Of Personal Development with Ryan Gutch

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I’ve had the pleasure of knowing Ryan for around 3 years now after being introduced through network marketing and then worked on our own start-up together.

Ryan works in disability care during the day, and is a rapid learner and investor by night.

Ryan reads 100 books per year, regularly practices meditation, has one of the best investing strategies that I’ve ever heard and has many fascinating interests.

Hear how Ryan became a triple figure earner playing online poker, why he knew that the financial sector wasn’t for him, where he invests his money, the incredible advice that he received from his grandfather, why we should think twice before we eat anything and how to attract the right people into our lives.

Please enjoy this conversation with Ryan Gutch

 

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My Biggest Take-Aways

  • ‘My grandfather was a doctor but made all his money through land and stocks. If someone of such a high profession is using stocks and land to get rich, there’s something behind that, that’s a clue.’ – Ryan Gutch
  • When I was overseas, Dad called me up and said ‘I’ve got a cheque for $130,000 is that right?
  • Be your authentic self. Be raw and the right people will like you and wrong people won’t
  • Sometimes it’s smart to quit if it’s not working
  • Ryan commits to reading a minimum of 30 minutes per day and reads 100 books every year. Ryan works on himself every day so he can be a better version of himself
  • If you’re doing what everyone else is doing it’s wrong. That’s why the top 5-10% create all the wealth.
  • People are giving you a shortcut to success. They’ve laid out the blueprint.
  • Every advantage you can give yourself repeated over time, it starts to magnify. Eg Daily practices – diet, meditation, perform gratitude, listen to good audio.
  • If you want to change your life to a better way of practices and deeper thinking, start with meditation
  • Out of Ryan and Maddy, whoever is on the lower salary, their whole salary is invested monthly
  • Not everyone can earn 250k a year, but everyone can find a way to invest 15% of their income
  • It’s not how much you earn, it’s how much you keep and invest
  • Don Tolman says self-care is the best way to look after yourself in regards to health and I believe self-care of an investment is the best way.

 

Show Notes
3:10 A young Ryan
4:40 Online Poker
7:30 On being just a kid and earning too much money
8:20 If you had your time again, would you have stuck out your degree?
9:05 Ryan’s qualifications and what he will utilise the most
10:10 Ryan’s grandfather and his advice to a 10-year-old Ryan on investing
11:45 Ryan’s first investment
14:00 Why did you stop playing Poker?
16:20 The concept of variance in Poker
17:00 Would recommend people getting into Poker?
17:50 Life after Poker – Ryan’s back issue and personal training adventure
20:45 Touching on personal development
21:35 The next adventure – Network Marketing
28:50 Looking to get into the financial sector
30:40 Volunteering and working with people with disabilities
35:00 How do you juggle everything?
40:10 How do you choose what to read?
41:45 How long does it take you to form a habit?
42:10 On spending 6 figures on personal development and what was learnt
45:20 Don Tolman and his profession, documentaries and why we can’t believe everything that we’re told
49:50 Learning Ryan’s ‘Why?’
51:20 How can you be the best version of yourself?
54:35 The future of better living
56:00 Investing
58:35 The janitor story
1:00:10 Ryan’s Portfolio
1:03:00 On Australian property prices
1:03:50 Why Unemployment is reported incorrectly
1:05:55 What should someone who has never invested before do before they start to invest?
1:07:15 Cryptocurrency

 

1:11:00 The Big 5

  1. A combination of things that happened throughout year 12. I was a pretty pathetic person and got a lot of dog in me out of that and started fighting
  2. Playing Golf – Understanding drive and that if you really commit to something you can get really good at it
  3. The Personal Development world
  4. Poker – I had severe depression and through Maddy’s help I then saw a councillor and then learned of the world of meditation

 

1:15:35 What do you suggest someone do if they’re quite unhappy?

1:16:40 What’s your favourite quote?
Success is the ability to go from failure to failure without the loss of enthusiasm – Winston Churchill
No one’s better than me and I’m better than no one

1:17:30 – The Drafboss journey

1:20:20 What are the best books & blog-posts that you’ve ever read?
Rich Dad Poor Dad by Robert Kiyosaki
The One Thing by Gary Kellar
Think and Grow Rich by Napoleon Hill

1:23:55 Best Movies, TV Shows & Documentaries?
Gone in 60 Seconds
Forks Over Knives
What The Health
The Big Short
Inside Job

1:24:40 What are your predictions for your industry in the next 5 to 10 years?
NDIS will offer more support and the requirement of more workers in day services and residential care.
The younger generation will become clearer on the importance of being financially savvy

1:27:20 Did you achieve your goals that you set yourself over the last 12 months?
Yes
Achieved his financial planning qualifications
Cert 4 in Disability
Save one whole income every month and invest it ongoing

1:28:20 What goals have you set yourself over the next 12 months? Are there any that you’re willing share with us that we could help by keeping you accountable?
Save one whole income every month and invest it ongoing
Health goals are coming after seeing Dom Tolman

1:29:15 Who are you looking to connect with?
Other really like-minded investment people
People in the space of philanthropy

Who I think should connect with Ryan?
Anyone looking to make a difference in the world
People looking for great material to learn with
People who are curious about investing
People who may be stuck in a rut

1:30:15 Where can people reach you?
Facebook: Ryan Gutch
r.gutch@hotmail.com

 

Links
5:20 Ankylosing spondylitus
8:50 Montessori
12:30 JB Weir Goldman Sachs
18:35 Infliximab
21:55 World Ventures
22:10 Pancake Parlour
24:50 Sean Kolders
24:55 Josh Giuliani
30:40 Marriott House
32:05 Cryptocurrrency
37:00 ICO – Initial Coin Offering
38:10 Daily Reckoning
38:15 Jim Rickards
38:15 Verne Gowdy
38:45 The New Case For Gold
38:45 The End Of Australia by Verne Gowdy
39:05 Netflix
43:00 Tony Robbins Business Mastery
43:05 NLP – Neuro Linguistic Programming
44:35 Robert Kiyosaki
44:35 Jack Canfield
44:50 YouTube Ted Talks
45:00 Don Tolman
48:00 That Sugar Film
48:00 Cowspiracy
48:00 What The Health
54:10 Headspace
57:30 Tony Robbins: Money Master The Game
57:30 Ray Dalio’s All Seasons Port Folio
1:00:30 Panasea by Brian Creigh
1:00:55 The importance of Gold
1:01:45 Dan & Yanal – Triple Zero Group, property investment firm
1:02:15 First Position Trustees
1:02:45 ETF’s – Exchange Traded Funds
1:06:05 Chinese Proverb
1:06:55 Vanguard
1:08:55 JT Foxx
1:10:05 JP Morgan
1:10:50 Zeitgeist
1:12:10 Noel Wiiks
1:12:15 Ben Adrians
1:22:15 John Assaraf

 

This episode is brought to you by our good friends at Tondo Digital.

It’s time to hustle! Click Here for exclusive access to our Podcast, Blog, eBooks, Events, Meet-Ups, Tickets, Newsletters, Products, Knowledge, Mentors, Giveaways & more.

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