S4E7 – Tyson Ray – Money vs Mindset and financial freedom

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Key Timecodes

• (00:46) – Show intro and background history
• (03:09) – Deeper into his background history and business model
• (07:06) – Understanding his business model and strategies
• (07:36) – Deeper into her background history and business numbers
• (09:02) – How financial advisors can help with wealth protection
• (21:34) – A key takeaway from the guest
• (25:29) – What is the worst advice he ever received
• (26:20) – What is the best advice he ever received
• (27:00) – Guest contacts

Transcription

[00:00:00.000] – Intro

Hey, this is Sean Tepper, the host of Payback Time, an approachable and transparent podcast in building businesses, increasing wealth, and achieving financial freedom. I’d like to bring on guests to hear authentic stories while giving you actionable takeaways you can use today. Let’s go.

[00:00:17.880] – Sean

In this episode, my guest talks about some of the key questions you can ask yourself to become more strategic with where you put your money and investments. He also talks about the difference between money and mindset. And a lot of people, actually, they’re not putting a lot of priority on mindset. And that’s where you need to if you really want to put yourself on the right track. And one of the key things he talks about is the number one mistake most retail investors make. Please welcome Tyson Ray. Tyson, welcome to the show.

[00:00:47.630] – Tyson

Hey, thanks for having me.

[00:00:48.980] – Sean

Good to have you here. So why don’t you kick us off and tell us a little bit about your background?

[00:00:53.330] – Tyson

Yes. So the short version of the long story is I have one of those sob stories that mom or dad left mom with four kids. An eviction notice on the fridge, I was about 12, about to be 13. I lied on the work application because I think the minimum age to work was 14, where I went and started busting tables. That means I got to have a Friday fish fry for dinner and a Saturday all you can eat shrimp, which was a pretty good gig when you went home and there wasn’t a lot of food at home. By the time I was 16, I was being dropped off at the house that I lived in in the area that I grew up in was the haves, Lake homes, this type of things. Then some of us have knots that had to service the haves while I was getting a ride home in a Ferrari that I had been out skiing with somebody and I was getting a ride home and I was just emnambered by this beautiful car. I lied at what house I was getting dropped off at because, of course, I was embarrassed of mine.

[00:01:48.410] – Tyson

I happened to ask the guy, What did you do? He said, I was successful in business, so on and so forth, but I started investing early in my life in stocks and things. Well, at the same time, the high school I was in had the stock market game. This was back to when the stocks were in the paper. You opened up the paper and you found the symbol and then it showed you what it did at the close of the day before. It wasn’t all this instantaneous stuff. I decided I wanted to take my bus boy wages and I wanted to go buy a stock that had gone from 12 to seven, symbol, INTC. It wasn’t inside anything back then. Intel was just an idea of a microchip before it was really in laptops. The best thing that happened is my mom said, no, right? Can’t take a risk. What are you doing? Invest. We can’t invest. I dragged her into an advisor’s office and got permission to put $100 a month into two neutral funds until I turned 18 and then the rest became history because I wanted out of the lifestyle I was in that didn’t come from setting aside extra and trying to make money and then make your money grow was what I was told how this gentleman was successful.

[00:02:54.070] – Tyson

I was like, all right, I’m doing that. Then I got into financial planning because I realized I had spent a better part of a decade trying to convince my mom to be an investor. After that, I thought, Well, I have to graduate in college. This is what I probably should do for a profession, and here we are.

[00:03:08.790] – Sean

Nice. How long have you had your firm?

[00:03:11.170] – Tyson

Twenty-five years, I’ve been doing this.

[00:03:12.960] – Sean

Good for you. Good for you. Allright. You’re not located too far from Re, as we talked about before the show. You’re in Lake Geneva, about an hour away.

[00:03:20.770] – Tyson

Yeah, loving the beautiful time of the year. The leaves are changing. Awesome.

[00:03:27.070] – Sean

Seriously. You get this one-month window where it’s beautiful, and then the leaves fall and get ready for winter. Our winters, as we talked about, not too bad anymore. It’s like the season has slightly changed.

[00:03:38.870] – Tyson

Yeah. If you can’t handle the winners up here, you’re a wimp. Move on.

[00:03:43.000] – Sean

There’s the spirit.

[00:03:44.520] – Tyson

Yeah, I can’t handle 100 degree temperatures for any long period of time either. Everybody’s got their own weather they have to deal with depending on where they’re living.

[00:03:54.430] – Sean

Of course. All right, well, let’s dive in to some of these questions. I was looking on your site, some of your marketing material, and I want to jump into these. There’s one that caught my attention right away. It’s called Total Relationship Investing, TRVEST. Can you explain what this is?

[00:04:09.460] – Tyson

Yeah. It’s actually a book that we wrote and a philosophy that we have. Total relationship investing is a part of that. The Total Relationship, which was the book that we wrote, is how an individual and an advisor come together to try and understand what’s the money for. There’s an aspect of investing where you’re trying to pick what your investments are. But early in my career, I was meeting with an individual and we’re deciding what we’re going to invest in. About two years later, out of the blue, they gave me a phone call and they needed better part of half of their portfolio that they told me was the rest of forever. They were going to be there for 20 years before they retired, those types of things, and they bought a car and the tech bubble had just burst. Markets down and they need their money. I realized that in the process of trying to help them invest, listening to what they said, they said, hey, this is my inheritance. I want to invest it for retirement. I don’t want to touch it. But because I didn’t take into consideration the total situation they were dealing with and ask questions that had nothing to do with what they were presenting to me, like mileage on a car, when you buy your next car, any home improvements, are you changing your real estate?

[00:05:14.730] – Tyson

What are these life, financial things? Is the foundation to which you’re making these decisions need to be addressed before you make a long term investment? I didn’t know back then to ask. I knew for certain when he took the money out of his account two years later, I didn’t add value because I didn’t know he was buying the car and the markets were down and he bought the car and needed the money. And so the total relationship is a guide to financial advisors about trying to help clients think about all the things to be thinking about before the first dollar gets put at risk. In some cases, so that first dollar could be put at risk and they don’t panic out. And it’s also written for a client to be thinking about what they should be expecting from their advisor beyond necessarily just investment advice that you really got to lay a foundation first before you get started. In the total relationship, there’s three parts to it. One is the total relationship plan, this life plan, a lot of things I was just talking about here. The second is the total relationship investing, and that often begins with what should be not invested, what needs to be in cash, where we at with debts and what are the interest rates and those things?

[00:06:21.980] – Tyson

And before we start talking about long term investing, then within the long term investing is to try and be able to be mindful of as we need money for something, where is that coming from versus just reacting to things when they show up. And then the total relationship care is how one needs to be caring for paying attention to their plan and their investments, whether you’re doing it yourself or in this case, or advisors coming in and trying to help people pay attention to the fact that, yes, I understand we want to make this buy the stock or take this investment. Wait a second. Didn’t you say at the end of this year you’re buying that car or aren’t we putting the porch on the house next year or those types of things and trying to make sure people don’t mentally account incorrectly for what their money is being allocated towards when they have conflicting objectives.

[00:07:07.090] – Sean

Sure. Are you not only serving, I would say, just people out there who need financial advice, but are you serving other financial advisors? Are you helping them grow their practice?

[00:07:18.180] – Tyson

What I’m trying to do? Yes, a little bit to both. I have my own practice for the last 25 years, and I have a passion to try and teach other financial advisors to stop selling last week’s winning lotto numbers for a fee, I like to say, or stop pedaling product or stop putting all the focus on, give me your money and I’m going to go pick some investments better than you can. When there’s a whole lot of relational work that needs to be done before you should earn the right to be able to speak into what someone should do as far as taking risks with their money. I’m really just trying to change an industry that has evolved into financial advisors that are still acting like stockbrokers pedaling products for firms that want them to sell products because then it generates money for the firm and get into more of how do we help make life better for clients? My real passion is how do I help advisors realize your job at times is to basically say, Nope, we’re going to take money out of that investment and we’re going to give it to you because you’re going to go on that vacation because that’s what you said you wanted to do.

[00:08:28.100] – Tyson

Now is the time to do it because that’s the stock is up, but you want to keep the stock because it’s going up. But no, we’re going to take just some of that profit and give you permission to go and enjoy this life. The more you do that, the bigger impact it is, the more your practice grows and more freeing it is because that’s what an advisor can control. Control listening to what the client wants and control speaking into, okay, now let’s go do it. Instead of getting caught up in just the more money game that we just let it ride and we keep letting it grow. Then at some point we look back and have regrets that we didn’t enjoy the life we could have enjoyed if someone would have given us permission to do it.

[00:09:02.340] – Sean

Right. Circling back to this total relationship investing, this is a cool framework. I like the strategy there of asking a lot of questions, really peeling back the onion. We have a lot of people in our audience that are investing on their own. And as we teach in Tykr, like Tykr is really focused on wealth building. You can control, you can manage your own portfolio. But as soon as you start to buy stocks for like five people, 10 people, 20 people, 50, it becomes really hard to do. You can do it yourself, but then you get to a point where you’re in more wealth protection mode. And that’s when we say, That’s a good point to talk to an advisor. They will help protect the capital you have so you don’t lose it. But some of the questions that you’re asking your customers, can you ask some of those questions now? I know you touched on it surface level, but this might be good for our individual investors to be asking themselves the same questions.

[00:09:55.670] – Tyson

Yeah, part of it is the scenario that we go through is we often need to think about the end to make the decisions in the present. Meaning from the at an extreme, it’s like, hey, is there an obligation you have at the end of your life, whether you died today or died in the future, that you need to make sure you’ve allocated funds for and where are those? And so for some people on the younger side or the well beginning side, that’s life insurance, preferably term insurance. It’s debt coverage. It’s your earned income you’re not going to have if you don’t keep making money. Those are some financial planning questions. And maybe instead of allocating an extra couple of hundred dollars a month to a stock portfolio, it’s allocate a couple of hundred dollars a month to term insurance to basically build protection now. On the reverse end of that, depending on how old you are, it’s also speaking to, hey, wait a second, why are we still funding this insurance? You’ve built this enormous, beautiful pool of wealth that I would say you’re now somewhat self-insured and you don’t have this obligation anymore to you have no debts, those types of things.

[00:10:56.920] – Tyson

And we keep funding these policies just because and they’re not necessarily the best investments when you don’t have the insurance need. And so people get into a pattern that sometimes our questions help wake them up to, hey, you’ve now elevated yourself to another level. We can play a different game. We can enjoy some of this. The questions around the family, around your parents. In most cases, it’s like, hey, parents fall in one of three categories. They’re leaving you something, they’re going to break even or you’re going to need to help take care of them. Which is it? And who’s in charge? And if you wait till you find out in an emergency, it’s a painful process, and it’s got all kinds of emotions attached to it, which isn’t fun. So flushing some of that out in the front end, right? Then when we get into the specifics of an individual, it’s just like, hey, let’s talk about that first and foremost, because I can’t tell you the number of people that’s like, hey, I got this credit card debt or I got a home equity loan or I got whatever, and especially where interest rates are at now.

[00:11:57.430] – Tyson

Okay, I’m sitting on $50,000 of cash and I feel really good about that. I owe $70,000 on a home equity line. My cash pays five %, my home equity line’s nine, paid off. Well, but I like my peace of mind and my cash. Well, if you want to recreate it, so it’s helping people understand the rates of return where it’s growing against you versus what you’re making. And people will just have facade sometimes. When it comes to actually the investing, I would like to say the accumulation is the easy part. Put it away, set it, forget it, buy quality, don’t overreact it, don’t get too caught up in some of the day trading that takes place. Wealth is made slowly over time. Most people at gamble lose money, and there’s all kinds of opportunities for people to do that. The casino makes all the money in the end, and the odds, it’s only like a three % difference. It’s like not a lot, but just a lot over time compounds. Worsho, though, it’s helping people start realizing, okay, at what point do you have enough? Are you on track to have enough? If you change jobs because you hate what you’re doing, you made less because of what you already have allocated, or in some cases, I go back and say, hey, if we just keep maxing that 401(k), you can make 50 grand.

[00:13:06.080] – Tyson

You don’t need to make that much more. What is that plan for how much you need to allocate for growth or for your future? But some of it is trying to get these little rascals to actually realize they have enough and retire. I have more people that have wealth because they built it, but then they kept working because they kept feeling they had to. Then they regret it when they no longer have the time because they burned up the time working at the job they hated. Ironically, on the other side, I’ve seen also, because everybody’s different. I’ve also seen when we sat down with somebody and showed, hey, you could retire today, they kept working. But all of a sudden, the things that bothered them when they were in the mindset of they had to work didn’t matter anymore. When they knew they could say to hell, I could quit, walk away. So all of a sudden, what used to bother them and they take it home and be upset about it, be like, I can quit tomorrow if I wanted to, but I’m going to go back in because I don’t care anymore because I don’t have to do it.

[00:13:52.260] – Tyson

I found different reasons why I like stuff. And it’s just amazing how psychologically we’re wired that we set what we like and don’t like often. If we can shift that paradigm around by understanding how they financially have their makeup and what their foundation looks like and having that relationship, helping them see, you can do some of this yourself just having honest conversations with… Actually, the saying is you need to stop listening to yourself and start talking to yourself more. If you’re listening to yourself, you’re spending yourself in often a negative feedback loop or a positive feedback loop, and often you pretty quickly get away from a reality of what’s really true. If you talk to yourself and ask yourself questions, is this true? Is this not true? How do I really feel about this? Even better, if you bring somebody else in that conversation, you will make better decisions. Part of the total relationship is asking yourself questions and trying to understand what is your relationship to money, to your life, to the things you want? Do you want more money? Do you want a better life? Do you want to work harder or do you want to be home more?

[00:14:50.080] – Tyson

Just being honest with those things and comparing them to the reality of your life and trying to make sure they match.

[00:14:55.410] – Sean

Let’s take a quick commercial break. Do you want free access to a Tykr course of your choice? There are two ways to do this. Option one, if you use an iPhone, we’re looking for a TopStox podcast, five-star review. Simply go to Apple Podcasts and leave a review. Option two, if you don’t use an iPhone, then you obviously can’t use Apple Podcasts, which means we’re looking for a five star review on Tykr. Simply go to the Tykr homepage. Just go to Tykr. Com. Look for the trust index logo. It’s right at the top of the site. Click the logo and you can either leave a review on Trustpilot or Google. Now, in order to get free access, you need to send us a screenshot. Please take a screenshot of your review and send it to support@Tykr. Com. But again, you can either leave a review on the Top Stocks Podcast or on Tykr itself. We’ll pick a new winner every week and send a coupon code so you can gain access to a course of your choice. Okay, back to the show. You touched on a hot topic here. This is a question- Yes, hot topic.

[00:15:58.570] – Sean

Let’s go. Indeed. I get customers from our audience asking me, and we’re not an advisory service, we’re just a screener, and we’ve got customers all over the world that use our tool to find out, is this stock good or is this stock bad or whatever? Then they learn how to invest along the way. But there are people that I ask me like, I’m not sure if I can retire. I feel like I have enough, but I’m not quite sure. It touched on what something you just said is, which is people have arrived, but they’re not mentally shifting the gear to realize that you can actually be financially free, retired. I feel like it’s not so much a money situation. It’s a mindset situation. Can you talk to that a little bit?

[00:16:41.530] – Tyson

I don’t mean to laugh, but it’s just that I found people, when the light goes on, it’s just like I’m the problem. It’s me. It’s the way I’m seeing things. So for 25 years, if we had a niche or if we had our ideal situation is we literally come in at some point within 5-10 years of their retirement and help plan for that transition in life, or all of a sudden the save, it’s like the flow goes in the other direction. You’ve been saving your whole life. You’ve been building this wealth, and all of a sudden, now you need the money. I just had a month ago, airline pilot being forced into retirement at 65, and he’s beside himself about how is this going to work? People hear what they want to hear when they’re ready to hear it. I went to him and I said, because I had been trying to say it to him, but he hadn’t been ready to emotionally connect to the reality of it, now he is. It was just like, Wait a minute. Our value add is we’re going to take your portfolio. It’s our job then to discern what’s coming from dividends, what’s coming from this to turn around and create the paycheck that we’re now going to send you on the first or the 15th every month back into your bank account.

[00:17:54.230] – Tyson

So then you have… What was your net money you got every month? Okay, so we’re going to go put that $7,500 every month back in your bank account, and you’re going to go retire just like you were and we’re going to try and help manage the store, the wealth, and now pay attention to what used to be when the market went down you wanted to add is the exact opposite of what you want to do in retirement. In retirement, you don’t want to ever dollar cost average out. What you want to do is look at what is the upper trend, and when you’re at the upper trend, create 12-24-month cash reserves to therefore never have to sell in a downturn. But helping people realize that you reach a point that, yes, you can, there are different studies that are out there. It has gone down, although interest rates have gone back up to probably four or five %, five % is just an easier number. So for every million bucks, you can take about 50 grand out if your desire is to try and leave the future value of inflation of a million dollars in the future.

[00:18:44.940] – Tyson

It’s like you want to take the fruit off the tree, let the tree still grow, not kill the tree and still retire, you can take about a five % annual distribution out of an account. Some insurance companies will even sure that because that’s how most likely it’s going to happen. You can screw that up by doing it every month. But if you on an annualized basis take out an RMD from an IRA that never runs out of run money and that increases beyond five %, we use that as a rough guide for people. It’s like, okay, how many million? If it’s 50 grand to pop, how many millions do you need to basically retire? Then they have to do the math of realizing you’re not saving in a 401K, your taxes are probably going down. If your debts are all paid, the kids are all off the financial and bill accord. It’s not what you’re often making. That’s a psychological battle people need. They feel like they got to replace their earnings. It’s like, no, you needed the earnings to build the wealth. Then it’s how I have some clients that live happily ever after with 500 grand and are just delightful.

[00:19:41.900] – Tyson

I have some people that have five million and they’re miserable. It’s just okay, because of needs and wants and what they have and things cost more. And more doesn’t necessarily mean happy, it just means more. That’s a society. We call it funded contentment. The people that can get to the point that can enjoy the life that they have without having to compare it to somebody else’s life. It’s just literally what you always wanted, and you can find yourself contented in that and you have the funds to pay for it are just amazing people, and then we just help them not screw it up.

[00:20:15.080] – Sean

Because.

[00:20:16.140] – Tyson

Life is being thrown at us every day, every second with technology about why the world is ending or why this is changing. My comeback for that or what I would tell your listeners is let’s not forget that sometime last year, the world birthed its eighth billionth person, so eight billion people on the planet. They all wake up every day and like to have a better life. That simple. Whether that’s clean water, food, clothes, house, car, kid, education, Coca-Cola, hamburger, cheeseburg, or whatever. Then entrepreneurs, businesses can create products and services to give to these people to make their life better. They won’t do that unless they can create a profit to themselves, to the shareholders. Greater than their cost of debt, otherwise they won’t stay in business very long. Then in the capitalistic society, which isn’t going away anytime soon, it has inefficiencies and sometimes government screwed up and people screw it up, but whatever, you can participate in that? Oh, my gosh. The history of that, it’s life-changing for those that want to participate in it. But eight billion people get to decide what something is worth on any given day, and they do that very incorrectly with a lot of passion and emotion in both directions.

[00:21:24.840] – Tyson

You get the opportunity to click your mouse and liquidate your life savings because of how you feel, and sometimes how you feel is the last thing you should be acting on. But outside of that, it’s a great game.

[00:21:34.860] – Sean

And just to take a step back here, this is great information here. And what I want to do is transition to the rapid fire round next. But one last question before we get there. What is a common mistake you’re seeing with people that are trying to manage their own investments?

[00:21:51.650] – Tyson

A common mistake, it is an either or all or nothing mindset. Either they have everything in stocks or worse, they have everything in one or they have everything conservative. So then they’re not participating in stocks or they go back and forth between having everything in stocks and then panicking out and having everything back in. And one of the things that Totalrelationship talks about and one of the things that I think people if you broke yourself, break your financial decisions up in, have three to six months in cash in your checking account, have six to twelve to 24% of a cash reserve for emergencies or whatever major purchases you’re going to have in the next 12-24 months that you don’t want to finance at rates of return probably north of 5%. Then after that, it’s like maximize your tax savings or maximize, I said differently, how much money you can get matched because most people have access to a 401(k) and that 401(k) often has a dollar put on top of the dollar, get every one of those dollars you can get. And then after that, it’s like break your finances up to feel like you have a foundation to work off of instead of the all or nothing, either or is a mistake that just damages people by making all or nothing decisions.

[00:23:10.880] – Tyson

They either get in and out at the wrong time or never participate, or or participate too much and then sell at the wrong time.

[00:23:18.080] – Sean

Right. Great advice. Love it. All right, let’s jump into the rapid-fire round. This is the part of the episode where we get to find out who Tyson really is. Again, try to answer each question in 15 seconds or less.

[00:23:31.470] – Tyson

Who am I?

[00:23:32.510] – Sean

You ready?

[00:23:33.460] – Tyson

Is there a Timer?

[00:23:34.600] – Sean

No. Perfect. Bring it. Honestly, I don’t hold these times too strong. So let’s do this. All right, what is your.

[00:23:40.810] – Tyson

Favorite podcast? 15 seconds or less. Yeah.

[00:23:44.010] – Sean

Favorite podcast?

[00:23:45.310] – Tyson

My favorite podcast is… Yes. I want to say it’s unbelievable. It’s a news podcast.

[00:23:52.190] – Sean

What is a recent book you read and would recommend?

[00:23:56.360] – Tyson

Humility was the name of the book. Is it byI’m.

[00:24:01.190] – Sean

Looking it up as we speak.

[00:24:02.270] – Tyson

We’re looking it up. Hold on. We’re looking it up. I should pull up my Amazon. I love the book. C. J. Mahoney.

[00:24:09.310] – Sean

Okay, I have it saved. There it is. We’re going to go beyond 15 seconds here. Give me a good 30-second pitch. What’s this book on? Aside from the topic humility, what does it really dive into?

[00:24:22.340] – Tyson

It dives into the fact that basically we are constantly on an ongoing basis, completely oblivious to our own pride and how that works against us. And when we can flip our mindset over to humility and caring for others will live a better life.

[00:24:38.050] – Sean

Yeah, I love that. Okay, I’m sold.

[00:24:40.180] – Tyson

It’s a humdinger. I got to go back and reread it because it was good.

[00:24:43.920] – Sean

Seriously. Yeah, you caught my attention there.

[00:24:45.960] – Tyson

Actually, that line that I said is Stop listening to yourself and start talking to yourself came out of that book.

[00:24:53.810] – Sean

Awesome. Okay, next up here. This is a fun one. What is your favorite movie?

[00:24:58.760] – Tyson

I think, actually, and this may be a little cheesy, but the first thing that came to mind was the original First Top Gun. Oh, man, I want to be Tom Cruise.

[00:25:08.150] – Sean

You prefer the first one over Maverick?

[00:25:10.320] – Tyson

No, I’m saying the second one was awesome.

[00:25:13.110] – Sean

Yeah.

[00:25:13.920] – Tyson

That was probably the only time that they actually almost created one as good as the first. But I was little and it was the theater back when that’s the only place you saw a movie, like The Wall shook. That was the first thing that came to mind.

[00:25:27.180] – Sean

Okay, all right. Good choice. All right, next up. What is the worst advice you ever received?

[00:25:34.310] – Tyson

The worst advice I ever received was not to use… It probably turned out fine, but the worst advice I ever received, and it was well intended, was not to use my college AP credits that I had for science because I went to college to be a chemist, and I was encouraged to take those classes, the basics over again because I’d be getting straight A’s because you’re going to crush it. Well, the problem was I was bored, so I never went to class, and all I did was show up to the final and barely passed off of my memory from three years earlier of freshman high school, chem 1. And Monday, Wednesday, Friday in college was at eight o’clock in the morning. So who goes to that? But at the end of the day, I have done very well for not being a chemist.

[00:26:19.240] – Sean

Right on. All right, flip that equation. What is the best advice you have received?

[00:26:24.140] – Tyson

Don’t try and make money, borrowing money. The whole leverage and margin and that’s where you can blow yourself up.

[00:26:32.160] – Sean

Yeah, agreed. All right, and last question here is a time machine question. If you could go back in time to give your younger self advice, what age would you visit and what would you say?

[00:26:41.520] – Tyson

I think you could go almost back to any age. What I would say is, man, just enjoy the day. You got time.

[00:26:48.650] – Sean

That’s.

[00:26:49.030] – Tyson

Probably going to be used against me because someone over here is listening to that and I’m going to get off this podcast. Just enjoy the day. It’s all you got.

[00:26:59.980] – Sean

Love it. All right, Tyson, where can people reach you?

[00:27:02.680] – Tyson

Yeah, I think the best way to reach out to me is LinkedIn. We have access there as far as the information on the book from exploring becoming a client or if you’re ready to try and find out if maybe having a relationship with a financial advisor makes sense, you can reach out at formwealth. Com is the website.

[00:27:22.490] – Sean

All right. Thanks so much for your time. Appreciate it.

[00:27:24.950] – Tyson

Yeah, thanks for having me on.

[00:27:26.180] – Sean

All right.

[00:27:27.110] – Tyson

See you.

[00:27:28.020] – Sean

Hey, I’d like to say thank you for checking out this podcast. I know there’s a lot of other podcasts out there you could be listening to, so thanks for spending some time with me. And if you have a moment, please head over to Apple Podcast and leave a five-star review. The more reviews we get, especially five-star reviews, the higher this podcast will rank in Apple. So thanks for doing that. And remember, this show is for entertainment purposes only. If you heard any stocks mentioned on this podcast, please do not buy or sell those stocks based solely on what you hear. All right, thanks for your time. We’ll see you.

• Any opinions are those of Tyson Ray and not necessarily those of Raymond James.  Expressions of opinion are as of this date and are subject to change without notice. FORM Wealth Advisors is not a Broker/Dealer. Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Investment Advisory Services are offered through Raymond James Financial Services Advisors, Inc