From Student Loans to Millionaire: Jason Brown’s Journey in Stock Trading

Transcript

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Speaker 1 On today's episode of Right About Now, I'll talk to Jason Brown, stock market expert. He produces the Brown Report.
You need to go check that out, brownreport.com. Anyway, Jason is amazing.

Speaker 1 We had him on the show.

Speaker 1 Talks all about options trading, how to learn and how to know the right things, because ultimately we control our own financial destiny when we understand what is happening with our investments.

Speaker 1 Jason is a refreshing resource and someone that deserves your attention, as you'll see on today's episode.

Speaker 11 Look at the Mag 7 stocks and just follow the money. Money's going into AI, infrastructure, cloud, storage, data centers.
I would tell people to look there, at least at the time of this recording.

Speaker 12 This is Right About Now with Ryan Alford, a Radcast Network Production.

Speaker 12 We are the number one business show on the planet with over 1 million downloads a month,

Speaker 12 taking the BS out of business for over six years in over 400 episodes. You ready to start snapping next and cashing checks? Well, it starts right about now.

Speaker 1 What's up and welcome to Right About Now. We're always talking about what's right and what's now.
We can talk about last year. We can talk about next year.

Speaker 1 No, we're not about the windshield looking too far ahead. We're not about the rearview mirror looking too far behind.

Speaker 1 We're actually about taking notice of what's here, what's now, and how to get ahead in business and in life. And that's why we bring all the experts.
We got my friend, my buddy, downtown, Jason Brown.

Speaker 1 I gave him a name he didn't even ask for. That's what I do, Jason, but welcome to the show.
Right. And good to be here, man.

Speaker 11 I love it. I love it.
I receive it.

Speaker 1 Good. I appreciate that.
Some people like, I don't think they knew how to tape me. I give everybody pet names.
It's love. I don't know.
This is what I do. I love what you're doing, Jason.

Speaker 1 Little options trading. Power Trades University, author of five-year millionaire.
Damn, I'm going to be a five-year.

Speaker 1 You know, everybody likes to get in a hurry, but five years now is pretty good, Jason.

Speaker 11 It's a good, reasonable timeframe. That's why I like it.
It's doable and it's not 40 years out. You're not looking at retirement.
It's within your lifetime where you can still enjoy it.

Speaker 1 I know. Hey, man.
I had student loans, and I wouldn't say I used every dollar wisely. Some might argue: look, we get it.

Speaker 8 But what if AI was used not as a tool to replace people, but as a way to help understand people better?

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Speaker 9 You can go whenever you're

Speaker 13 ready.

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Speaker 1 By using them for colleges and even wise, but we'll save that topic for another day and another guest. But no, I got the intention of taking out the student loan, throw it in the stock.

Speaker 1 It actually seems smart. It's like at least you're going to get a higher return.
You would have hoped.

Speaker 1 I'd love to start there a little bit, Jason, and then building towards what you're doing with Five-Year Millionaire.

Speaker 11 Yeah, absolutely. So, what happened when I was growing up, we were poor, sleeping and sleeping bags.
And I was trying to figure out how to change our family's financial tree.

Speaker 11 And I actually took $2,000 to a bank at 18. That was my graduation money.
And I said, like, I want to invest. The girl asked me, like, why? I was like, I want to be rich.

Speaker 11 Like, why else do people do this? And so basically she says, you want aggressive funds. I'm like, yeah, that sounds about right.
I need aggressive growth.

Speaker 11 And I'm thinking, okay, I'm going to come back two, three years later. I'm going to have $6,000.
You hear people say, just put some money in, leave it, come back, it'll grow.

Speaker 11 Came back about two, three years later, and it was down to $700. And so they lost majority of my money.
They lost $1,300. So I'm like, I could have lost my own money.
What happened?

Speaker 11 And pretty much, she's just like, I don't know what to tell you. Market goes up, goes down.
I was like, I know what to tell you. Give me my $700.
I can do this myself.

Speaker 11 And so I spent $200 on some Jordans. I was like, if I lose this other $500, at least I got some gym shoes out of the whole deal.

Speaker 11 You know, I have something to show, but everyone.

Speaker 11 I had $500. I'm working for Sprint PCS, making $8 an hour.
I make $64 on a Saturday, $50 after you take out taxes. And I was was like, if I could just make $50 with this $500,

Speaker 11 I wouldn't have to work a weekend. What I did was I bought Sprint at $5.

Speaker 11 It fell down to $4. I was like, oh man, I'm not that good at this.
Maybe I'm not as smart as I thought. Sprint went back up to five.
I thought, okay, I just need to go to $550.

Speaker 11 It fell back down to four again. I thought the stock market's rigged.
That's why they asked for your social security number. They won't let it go to $550.
I just had all these thoughts.

Speaker 11 It went back up to five. And I said, I've seen this before.
I got out at five. It fell to four.

Speaker 11 I got back in it went up to five I got out made my first hundred dollars I tell you that story because that was the first time I started to learn about patterns if you drew that out on the paper be called a channel and stock pattern so I got really good at these patterns and start studying what other patterns there were and I said how do I get more money into the machine and so I had a scholarship to school to Mike Illich School of Business Wayne State University here in Detroit Michigan and I knew that I went and saw financial aid I saw my buddies getting student loan refunds and I found out that because I didn't live on campus she was like oh you can use the money to to live on campus.

Speaker 11 I said, Well, what if I live at home? She's like, Well, you could move on campus, use it for living expenses. So I'm like, basically, I can use it for whatever I want.

Speaker 11 And for me, I saw that as an opportunity to get more money into the stock market machine. So I took that $10,000 student loan and I grew it to like $113,000 as a 21-year-old college student.

Speaker 1 Amazing. What a great story that would be if that was the end.

Speaker 1 But I think there's a part two coming.

Speaker 1 There's definitely a but to that, right?

Speaker 11 Because what happened was I dropped out of school after that. I made more money not being an engineer.
And then I grew the account to about $300,000.

Speaker 11 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.

Speaker 11 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. But that's where this whole new Jason Brown was born.

Speaker 11 That's when I started documenting my life and saying, like, I know the stock market works. I've made money from it before.
I just got to figure out what I did wrong.

Speaker 11 And that's kind of how I got into YouTube and teaching. And I was rebuilding my account and kind of recording and documenting the whole process along the way.

Speaker 9 Hey, man.

Speaker 1 I admire just the gumption of it all because I love people that take chances. You're watching your surroundings.

Speaker 1 You maybe not have known everything, and we don't always know everything, but you're watching, hey, people are investing and doing these things.

Speaker 1 You get interested, you put 2,000 in the bank, you realize what a facade that is.

Speaker 1 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.

Speaker 1 It's the aggressive value fund here at Liberty Mutual Bank. Well, I'm making up bank names, but I mean, I could see it.
And we'll get you in the aggressive fund, son. We'll get you in that one.

Speaker 1 We'll see how it goes in a couple years. Yeah, how it goes.

Speaker 1 Oh,

Speaker 1 I remember starting in school and they want you to get in the 401k plan. They give you four boxes to check.
And it's like, I'll give you, I took that aggressive one.

Speaker 1 I don't think it went as bad as yours, but it didn't go wonderful. Then I realized, okay, I can diversify this thing and do it like I want.
But admire, again, you're wanting to get ahead.

Speaker 1 You're wanting to do the right things. You're hearing the signals.
This is how you do it. And then you earn it up and you took a little bit of the slow path.

Speaker 1 And it sounds like you got a little greedy. And I'm just going to say, I don't know.
I mean, every detail of that, but maybe it was oversold to you, misrepresented.

Speaker 1 There's probably a lot of details to that, but it sounds like maybe you tried to get in a hurry.

Speaker 11 When I saw the opportunity with the stock market grid, I counted $300,000. When I started to lose it, there was a lot of different things wrapped up into it.
A, I did get greedy.

Speaker 11 I was risking a quarter million trying to make half a million. I was actually up $100,000 in that trade before it went against me.
And I remember saying $100,000 is not enough.

Speaker 11 I'll never say that again, by the way.

Speaker 9 But at that moment, I was like, $100,000, what I'm going to do with that?

Speaker 11 Because I was trying to make half a million. In my head, I was trying to make half a million in one investment, not realizing I could have made $100,000 four more times.
But that was part of it.

Speaker 11 one of the principles i learned from it that i talk about in my book for how to be a millionaire is that i didn't have a i'm wrong level so i didn't have a level and said hey if this goes against me when am i going to get out how am i going to save my account i didn't have any protection now i talk about how to use put options as protection it's like i should have took a portion of that money and protected that quarter million i didn't i just thought it's going up and i'm going along for the ride never thinking that it can go down so it definitely humbled me but I wouldn't be the same guy I am today if it went right.

Speaker 11 Number one, you wouldn't like me because I'd be super arrogant, think I knew everything. But number two, when the times get tough in the market, I'd realize I didn't really know anything.

Speaker 11 I don't think I knew as much as I thought. I was just riding the wave of the market going up.
And I think a lot of people invest like that.

Speaker 11 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.

Speaker 1 Tariffs, COVID, all that.

Speaker 1 No kidding. Talking about Jason Brown.
He is a stock market expert, options trader, and author, a five-year millionaire. So, Jason, we got the good, the bad, the ugly, and we came on the other side.

Speaker 1 This is the quote from the book, the roadmap for investing in the stock market, wealth accumulation, and financial independence. We want that plan.

Speaker 11 Yeah, the plan starts with you got to be educated, first of all.

Speaker 11 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.

Speaker 11 And the first thing I tell people, or at least the roadmap that we talk about in the book, is number one, you got to have an account. You got to have access to the market.

Speaker 11 And we want you to practice before you ever put real money down but then that goes into the education piece because it's like golf if you don't know what to practice you start to develop a bad swing 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 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 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 is it in a downtrend is it in a sideways if it's in a downtrend then i can go look at the fundamentals and find out why it's in the downtrend.

Speaker 11 If it's in an uptrend, then I can go look at the fundamentals and find out why. But initially, that chart is going to tell you if you're in a stock that's going up, going down, or it's going sideways.

Speaker 11 Then from there, just taking a look at the fundamentals and saying, well, why is it going up? And why do I think it's going to continue to go up?

Speaker 11 And then the third piece of it is using options to supercharge your results as well as protect your account.

Speaker 11 Most people don't get excited about investing because they say, say, oh, I only have 500 bucks, I only have $1,000, I only have $4,000. That's not going to do much.

Speaker 11 And depending on who you're talking to, some people say, oh, just put, keep adding money to it. And over time, it'll grow.

Speaker 11 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.

Speaker 11 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.

Speaker 1 Talk to me, Jason. I'm going to play, I'm not always like devil's advocate is not the right word here, but more I try to play reality.

Speaker 1 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.

Speaker 1 Some people just don't want to take the time to learn it. As crazy as that might sound, and it might sound lazy, it looks like Chinese checkers or something on the board.
How do you navigate this?

Speaker 1 Is that just when, hey, you need to find a good financial advisor that you trust? Or is it stop fooling yourself, learn this stuff, it's important, get over it. You know, which one?

Speaker 11 It's both and, to be honest with you. And I would never shun someone who doesn't want to learn because you do have to have an interest.

Speaker 11 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?

Speaker 11 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. So you have to have some interest.

Speaker 11 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.

Speaker 11 If you're already interested, we're saying, hey, here's a roadmap and a blueprint to help you get better and understand it.

Speaker 11 If you're not interested in managing your money, you are left to finding a good financial advisor or a person you trust.

Speaker 11 I think what's important there is that you understand no one's going to manage your money like you are. So just make sure your expectations are in alignment.

Speaker 11 People say, well, I don't really want to learn it. 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.

Speaker 11 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. They're going to stick you.

Speaker 9 You got 100%.

Speaker 1 You're going to take that box at the end of the sheet. Yeah.

Speaker 11 And they're just going to stick you in some funds, right? And go find 100 more people like you because they only make 2% off of it.

Speaker 11 In order for them to make their living, they just got to find a bunch of you who don't care. Just as long as your expectations are aligned.

Speaker 11 And I think the other thing that's a little bit dangerous about that is people say, I want to find someone I trust, but how do you know who to trust if you don't understand it yourself?

Speaker 11 And most people don't have an answer for that. They say something like, oh, this person went to school for it.
Going to school does not equal trust.

Speaker 11 Going to school just means you know how to pass a test. Taking a series 663 and 7 just means you know how to pass a test.

Speaker 11 I found when I went to study to become a wealth manager, I studied to become a financial planner, passed the 663 and the 7.

Speaker 11 And right before we filed it with the state and the SEC and you got to get sponsored and all that stuff, they wanted me to shut down my own website.

Speaker 11 And they said, I couldn't talk about stocks anymore. Then I said, okay, no problem.
Well, how does it work? When do we actually pick the stocks and help people? Oh, we don't pick the stocks.

Speaker 11 We pick from these three different funds from American funds, Fidelity, and I forget who the third company was.

Speaker 11 It's like, oh, they just supply everybody these funds and they change one letter or one ticker symbol and now it's like our custom fund. I'm like, so we don't even manage the money?

Speaker 11 They're 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 do they use and see if you can bring their account over.

Speaker 11 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 wasn't even managing the money. I was basically a licensed sales rep.

Speaker 11 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.

Speaker 1 Yeah, good advice. And I'll say this, as you were talking, Jason, I was thinking back to college and we were talking about education.
Why are we teaching sixth graders this?

Speaker 1 We should have, I know there's finance and stuff once you get in college. and even high school a little bit, but we should be teaching our youth this from the get-go.
I mean, shouldn't we?

Speaker 11 Financial excellence in sixth grade i feel like we should be starting earlier you know that's an interesting conversation i got so many thoughts around that you'd have to make it corrective for that we should be introducing this stuff earlier there's so many problems with trying to do it you got the parents who don't understand it so they can't help at home you think that the teachers for jason come on man

Speaker 1 luckily my wife's a principal and was a math major daddy's pretty good at a lot of things mommy's gonna have to help you with that math look send them same kids home home and be like, we want to buy some stocks and invest.

Speaker 11 Them parents are like, what?

Speaker 9 Huh?

Speaker 1 True, but yeah, there's a balance there, but I'll let you finish your thought.

Speaker 11 The school's trying to cater to the average student. So maybe in affluent neighborhoods or unique schools, able to introduce some of these extracurricular or non-traditional learning paths.

Speaker 11 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 understand it themselves, and then B, they're trying to just kind of blanket, teach it across all students.

Speaker 11 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.

Speaker 1 I like big challenges, Jason. I like big one and big.
Hey, we're doing enough of the same shit for too long. My wife, she's middle school principal, talking about a tough job.

Speaker 1 She agrees with it, but it's more than she, hey, she's got enough problems that I'm like, man, we keep, what do they say?

Speaker 3 Stay the same, stay the same.

Speaker 1 There's something there. There's a balance.

Speaker 11 I don't know if we're going to solve that today, but it may be think about i think there's a huge opportunity there though for sure if we had financially secure at least knowledgeable kids in those areas and maybe it's not stock options but it's something i mean just teach them how to use credit you know let's start there let's teach them how to balance a checkbook or create a spreadsheet with a budget the whole gamut of financial literacy is just missing from school at an early age teach them how to pay taxes most kids probably don't even know that they don't even get to keep 100 of their paycheck especially if they started a business there's so many things in the financial literacy space that could be taught in schools but like you said i don't know that we go solve that today but maybe maybe somebody's listening

Speaker 1 we go create some type of cool partnership there you go as we close out here jason talk to me about the brown report how do people what's the first step here both with you and in general how you guide people power trades university i know we got that but walk me through some practical steps for our audience yeah there's two things that we like to start people off with so at the brown report we have the stock market starter pack those are for people who say, I don't even know where to open an account.

Speaker 11 I don't know how to read a chart. I don't know what I'm looking at.
I don't know how much money I need, how much I want to make.

Speaker 11 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.

Speaker 11 And it's completely free PDF download. The second one is the stock option starter pack.

Speaker 11 So maybe you've already been investing, but you want to know how to supercharge your account on your returns, as well as protect it when the markets dip or learn how to make money from stocks in the market falling.

Speaker 11 We got the stock option starter pack. So both of those are available at thebrownreport.com.

Speaker 11 One of the best free resources to get anyone from a beginner to someone who's even been experienced to the next level.

Speaker 1 I love it, man. I mean, what's realistic if someone coming in, just say they don't have a million dollars and how to become a billionaire in five years, but like, or maybe a multi-millionaire.

Speaker 1 What's realistic year one following something like this? And no guarantees, you can't control everything, but generally speaking.

Speaker 11 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.

Speaker 11 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.

Speaker 11 But really, if you could start with $4,000, you could grow it to a million, 1.2 million in five years. When you say what's realistic, I like to answer that two different ways.

Speaker 11 What's realistic for people who are knowledgeable and what's realistic for people who are not knowledgeable. When people are not knowledgeable, they don't believe you can earn 10% a month.

Speaker 11 Most people don't make 10% a year in the the market because the SP 500 returns on average 11%.

Speaker 11 For those of us who are using options, reading stock charts, I have those trades where I earn 10, 20, 30, 40, 50% a month.

Speaker 11 And so that is realistic, but it's not realistic without knowledge and without practicing and without learning the industries. I know that 10% is doable.

Speaker 11 And what I love about what we do, all our trades are recorded. Everything is time stamped.
You can go back over the years and say, do these trades really make 10% on average a month?

Speaker 11 Do a segment on the Charles Swab Network live from the New York Stock Exchange. I do a segment called Three Stocks, Three Options.
Those are public stock picks that I give with the option trade.

Speaker 11 You can also go see those trades and see, like, whoa, it went up 50%. It went up 30%, 20% in a month or in two months and average 10%.
Knowing that it's possible and then getting the knowledge.

Speaker 11 So I think you can realistically expect. 10% a month, but you have to grow into that 10% a month.
You still got an open account. You got to learn.
You got to practice.

Speaker 11 fair enough lastly jason any hot stock tips anything on the radar that somebody should be aware of i like to say follow the money at the time of this recording the money is going into ai is going into semiconductor stocks it's going into cloud and storage right now follow the money the simplest way for most people listen look at the mag 7 stocks you got microsoft who's crushing it with their azure cloud services you have apple who has yet to do the siri refresh they just released the new phones but they also haven't really made their big splash in AI, but that stock's moving higher.

Speaker 11 You got NVIDIA, who's just crushing it, making the chips and building data centers. Look at the Mag 7 stocks and just follow the money.

Speaker 11 Money's going into AI, infrastructure, cloud, storage, data centers. I would tell people to look there, at least at the time of this recording.

Speaker 1 Jason, jam-packed, action, value, all in one. Where can everybody learn more? You mentioned it, thebrownreport.com, I think I heard, but you have those digital digits.

Speaker 1 The digital locations.

Speaker 11 The best place is thebrownreport.com. From there, they can connect with me on LinkedIn and connect me on Instagram.
I'm the Brown Report on Instagram, The Brown Report on YouTube.

Speaker 11 I'm pretty much the Brown Report everywhere. So they just go to the BrownReport.com and check out free PDF and all things Jason Brown.
I know.

Speaker 1 Downtown Jason Brown. I like that, though.
Especially Detroit, too. Detroit, man.
Downtown Jason Brown. That seems to fit.
I love my Detroit people. They're like gritty, but fun and nice.

Speaker 1 The ones I know, some of my friends are all from Detroit that way. That's funny.

Speaker 11 I also have a place downtown Detroit, too.

Speaker 1 Hey, see? Downtown Detroit, Jason Brown. I love it, man.
I appreciate you coming on.

Speaker 11 Ryan, I appreciate you, brother.

Speaker 1 Hey, man. You know where to find us, RyanisRight.com.
I'll have highlight links, everything from today's show, thebrownreport.com. We'll have links there.

Speaker 1 And of course, where to find us anytime, anywhere at Ryan Alford. Had that blue check before you could buy it, baby.
We'll see you next time.

Speaker 9 All right, about now.

Speaker 12 This has been Right About Now with Ryan Alford, a Radcast Network production. Visit ryanisright.com for full audio and video versions of the show or to inquire about sponsorship opportunities.

Speaker 12 Thanks for listening.

Speaker 1 Look, we get it.

Speaker 7 But what if AI was used not as a tool to replace people, but as a way to help understand people

Speaker 9 better?

Speaker 10 AI from SurveyMonkey is designed to do just that, from crafting the perfect survey, which is harder than you might think, to analysis that digs deep, finds patterns, and surfaces trends quickly.

Speaker 2 Try it today at surveymonkey.com/slash Ryan.