EP. 209 - “I'll Never Invest In The Stock Market” 3 Money Experts Clash On The Best Way to Build Wealth

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The story of the studio, the job or the music. The story is just... I don't feel like I'm a master. - A master? - Save. With this story. With Amazon, there are more than 50% of the population with less population per population.

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“If you're still in Papia Tütenboda, you can change your number.”

If you're still in Papia Tütenboda, you can change your number. If you're still in Papia Tütenboda, you can change your number. If you're still in Papia Tütenboda, you can change your number. If you're still in Papia Tütenboda, you can change your number. If you're still in Papia Tütenboda, you can change your number.

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If you're still in Papia Tütenboda, you can change your number. If you're still in Papia Tütenboda, you can change your number. If you're still in Papia Tütenboda, you can change your number. If you're still in Papia Tütenboda, you can change your number. If you're still in Papia Tütenboda, you can change your number.

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If you're still in Papia Tütenboda, you can change your number. If you're still in Papia Tütenboda, you can change your number. Welcome back to another episode of the podcast. I'm your host, Atter. We have special guests in the building.

We have three guests in the building. We're going to talk about a few things. We're going to talk about property. We're going to talk about stock market. We're going to talk about pension.

We're going to talk about entrepreneurship as well. As well. As well, I've got you on my left. So I'll start with you. If someone was just discovering how you describe what you do today and what you can.

Most about right now. I am a business geek. All I talk about is business. I've been involved in business my whole life. I run businesses. And that is my area of expertise.

Entrepreneurship and the difficulties of running a business. We've got to leverage a lot of your experience today around physical. I know you're super passionate about it. And you're also not so passionate about a few other topics. Juliana, how about you? Welcome back to the podcast.

Welcome back to both of you, actually. Thank you. My name is Juliana. I'm a property developer and investor. And I've been property for 12 years now.

And my passion is inspiring and teaching other people about property. I have gone from violence and leverage. My property experience to go to HMO, service accommodation, conversions. And I use what I have learned to help people understand that they can also get on the property ladder. And can start the journey too.

Okay. Amazing. Thank you, Juliana.

Ian, how about you? Welcome back. I'm in James Yvonne, IFA, Coach and a planner as well. And content creator for me. I'm really passionate about helping people I'm a better financial decisions right across the board.

And there's a lot of information out there.

“I try to share it as openly as honestly.”

I can and cut through the BS, the smoke and the mirrors that exist in financial services. Yeah. Amazing. And this episode has got to come out in 2026. And you know, you all, I'm sure, know what happened to budget. So we had a few rises in our taxes.

So really, with this conversation, I want to really help people think about what's kind of the best avenue to build wealth for themselves. So with that question in mind, with taxes rise in AI, resapering jobs and a cost of living skyrocket. And do you think it's harder to get rich today than it was for our parents?

Or have we just lost focus? Anybody can start that question? Well, I can take this one. I think it's easier to make money during an economic downturn. And the reason being when times are good, everyone's jumping on the bandwagon. There's so many options for everyone to create wealth.

But to during an economic downturn, the skilled operators find it easier to make money. Okay. So how do you, how does somebody be a skilled operator in that? So if you've got experience, for example, 15, 20 years ago, people weren't doing property as much as you're doing now.

It's much easier to get on the property ladder 20 years ago, it's much more difficult.

“So now, in the last few years, it's everyone's trying to get on the property ladder.”

The prices are going up, it's just generally the access to the market is a lot easier. Whereas back in the day, it was a bit more difficult. But the good news is when there's an economic downturn, it's a skilled operator that will still be able to survive and thrive. I don't agree with that.

Yes, I don't know if I'd say. I think financially it's harder. Like, when doing this podcast in London, how difficult is it for people to get on the property ladder in London? I think it's tough.

Really really tough. Great that there are areas of the country, I'm from Newcastle. But why is it tough? The reason it's tough is because the mortgage market is opened up. There's so many more, it's so much easier to get on the,

it's so much easier to get 20, 30, 40, 50 year mortgages access onto the property ladder as much easier. More people are doing it, more people are investing, more people are moving into this space and that's driving up place.

Access is easier, but the deposit is more expensive, so it makes it harder,

because what I prefer to pay in 20, 30 years ago, we're paying triple that now. Inflation hasn't been adjusted according to the way things are priced up right now, so I think it's more difficult. There may be schemes, but the money you need, the initial outlay,

the barra to entry is a lot higher. So I wouldn't necessarily agree with that. What are parents pay as a deposit? If you look at it now, even inflation adjusted, it's way more.

I agree with that part.

“I agree with that part, but that's what I'm saying,”

because everyone's now jumping on the property bandwagon. That's really boosting the prices. Now you've got black rock, Lloyd's bank investing billions of pounds into the housing market. They're going to snap up almost any property that's available. That's going to hyper inflate the prices again.

So I think back in the day, everyone's not in that market. The prices remain suppressed, and it's easier to actually, it's easier to actually get on the property ladder, and actually make some money from that. The only thing I would say is that things are different.

The demand for outweigh supply. So it was expected of the times where if it was 20 years ago or now, the government has not kept up with the number they promised us in every single budget of the amount that they're going to build. So because supply is so much lower than demand,

prices will continue to high-cut because there's just not enough houses. And I don't necessarily think it's because of the times in season. It's just because there is not enough houses for the people that need houses. Well, I think the plan and laws have got really lacks now. Yeah. And if you look at something that's going on with the budget,

you run where we are, we've got development happening. If you write outside our front door, in between also the next village, there's plan and permission into about 1,600 houses. Which I get signed off. Under normal circumstances, two years ago, not to chance and help.

The way that it's changed is good transport links, access to London. There's a massive shortage of houses. Absolutely. There's a photo house that aren't being built. The reality of it is, those houses that are going to get built are not going to be

for dual public. They're not going to be for the young family to start. And these are going to be probably snapped up by landlords to buy those properties at 3,400 grand plus. And then rent it out.

It's not going to be for the families that want to get in the property. The property that runs start. I think if you compare it to Europe, probably ownership in this country is off the charts. High compared to other countries.

Other countries are happy to rent. But the rent's more sustainable. There's not the pressure to go buy a house. It feels like there's such big pressure on us to buy houses and all property. I agree.

And don't agree.

Because rents are always rising.

Because we, like I mentioned before, they demand this so high compared to supply. The rents will always be higher. In comparison to mortgage rates. And I find a lot more people are buying together now.

So not what you're saying. There's a lot more houses that are being bought in new builds. There's always new build grants and helps to get new builds. That's kind of the way the government is kind of phrasing it when it comes to new schemes.

They want it to be just for new builds. They're not really caring about the old properties. So with the schemes that they're offering for new builds,

“I think it's a lot easier to get onto buying properties of new builds”

as people who get married, as people who have partners, as siblings who are buying properties. So I don't necessarily agree that a lot of the new builds are going to be built bought by landlords. I think there will be bought by couples just getting into the market

that are moving from a flat to a house. I don't think I can do that round the way there. I think it's impossible. We're about to leave it here. It's not even a really affluent area.

Not at all. I'm an advantage in bed for you, right? But like the houses that are going up next to me, this I think is might be wrong. Call it 40 houses going up in this field.

This is some social housing, absolutely. That's going to be social housing available at the lower end of the market. The others are like half of it if I'm plus houses. Right, you're up to 850 grand. That's not entry level.

No, let's not. But then the houses that are going to come in the next development down

There's another two developments in the village over. They're all big executive homes. These aren't like entry level stuff. And you think well. So they're not like typical free bed.

They're cheap free beds. Where are they? We drive past them. I've taught me the half a band. Where are these people coming from?

I live in these houses because that's not families that need homes. And we're talking about housing crisis in the UK and people not all have an ownership. Like build the houses and the areas that needed for the people that want to get on the property. That are not the 400 500 grand executive homes. Because that's unattainable for a lot of people.

Yeah. Do you see Julian you mentioned demand being higher than you know supply? Yeah. But can we ever see that going the other way?

I can never see that going the other way.

That would never close. Yeah.

“But that's why we need investors and property investors too.”

Close the cap. To make houses that are available to let people rent. Because the government they just will not meet the demand. They will not meet the amount that is needed to ensure that everyone has a safe Habitable home.

So people like me come in getting properties that are derelict. Giving them getting houses that. So it's not necessarily getting a house and we're doing it and making it look more shiny. It's getting an abandoned building. It's getting some of that is not used as a residential and changing it to add to the house and

look. That's where I believe property investors actually are helping the economy rather than taking it away from it. How many houses are there that are setting there? I looked just generally in any and any given average tone in the UK.

I don't have a number for that but there are so many abandoned buildings that can be changed. They're used to residential that are pubs. There are offices that are derelict that are not being used. That can be used for housing. Okay.

Yeah, I think it can only be like a property developer that can do something like that. There are rich persons not going to, yes people will do like, you know, fix up her. But if you're something that's complex like that is unlikely right. You're going to have to skill.

“But that's why the black rocks and everything coming in like they all need buildings.”

They will do it. But they buy big they buy big all like high streets and office. Yeah. Not of this stuff. Yeah.

And actually they can just keep it derelict because they've got billions of. Yeah. Let us properly value rising rise and rise and rise and rise. And then they'll be like, oh actually this tower block that we've got that was all ex offices. That's set that empty for such a long period of time.

Let's try a few million quid at that now.

And how do you make ridiculous things? Exactly. I definitely just, yeah. I don't speak for them but I doubt that aka so it's so much. So then go back to the question.

So do you think is easier than to get rich from it? It sounds like from a property point of view as well. It sounds like you believe that it's easier to get into the property that they're now. So I can speak from our own experience. Yeah.

Yeah. Before the vitalite mortgages before everyone was jumping on the bandwagon. You'd have to set up a company. It was quite complex. You'd have to set up a company and then create accounts again.

I feel it. And then and then show it to the bank account and only then with a grant and mortgage. And not very many people were doing that. So you really have to be embedded in that space and really understand it in order to excel. But then fast forward 10 years from that point when everyone was buying vitalite.

It was then much more difficult because when a problem came in the market. It just got snapped up straight away. So I'm just speaking from my own personal experience. When the market was closed, it was easier to excel. When the market opened up and accessible to everyone.

I found it more difficult. Okay. That's fair enough. Okay.

“Should you learn in what where do you think in terms of like getting rich now?”

Versus previously do you think it was easier?

As soon as what I said when we first met you in the podcast.

Everything when it comes to property and I think wealth generation is a long game. So I think it's when I first started in property. I bought property in 2014. 18 months later it went up 60,000 pounds. So to me that was like oh my god that's so much money in such a short space of time.

That level of acceleration I think has slowed down. It has stagnated on 100%. If I buy property today, a bought property recently in Yorkshire was a 520,000 pounds. That was about two years ago. If I bought it 10 years ago in two years later it would be maybe about 161,40.

Now it's like 125. It literally went up about 5,000 pounds. Wow. It stagnated. But the reason I say that is because I know it sounds like people who are as far

to feel skin to the market now. But there's also if you look at the other perspective. They can get a property cheaper than they would have. If the normal trajectory continued on the upward trend. Historically property is double every 10 years.

That's has changed. But if you hold on to property in the long term when interest rates go down because they will go down. Right now everything is kind of in a bubble. Everything is really high. Interest rates are higher demand is low because people can't get on to the property ladder.

People who are on in the property space. They're very fortunate because if they hold eventually the government will need to boost the economy. And how would they do that? Reduced interest rates which will increase demand. And more people can borrow to get properties.

So if you hold on in 10, 8, 7, 7, 8, 9 years.

It has been doing historically.

So I do believe if you get property now or you are already in a property world. It will eventually go up. So it's harder. But if you hold, you will see the benefits. It's a long game.

Yeah.

“And I think that goes back to Adjoer's point of,”

I think that there was a conversation that happened. It's not out yet. And when it was talking about business and margins and stuff like that. And I think what Adjoer's makes sense in the sense that like when. If it's like a bit more, if it's like one or two people doing something,

you can kind of squeeze the profits. But then when it's like more five, ten, hundreds, then it kind of. I suppose what I'm kind of saying is that return is diminished. It seems over time. It sounds like from what your experience is.

It's like obviously you had like good returns 10 years ago.

But over time that return is slow down. But I know we'll get back to that level. Okay. Interesting. The technology and AI, like you can.

Put the right information in the right prompts and find the right information and build solid business plans that we just couldn't have done 15 or 15 years ago. Yeah. Well, like if you reframe that like my man when she retired retired on a state pension. You're not going to be able to do that now. Like she could comfortably live in house.

She'd have been in a council house. She could afford to put the bills on. She could afford to have food on the table. She could afford to give the grandkids Christmas presents. She had a great quality of life.

You can't do that now.

“So I think to get rich is the opportunity is biggest.”

But the gaps between the hubs and the hubs not in Gary Stephenson talks about this all the time.

It's getting bigger and bigger and bigger and bigger. Yeah. Like the level of poverty that we've got in the UK is probably worse than it was back in those days. Yeah. And it's very interesting to sit in the other side of the fence.

And at least one example of some other half used to work for national children's charity. And this is literally five miles from where we live. Probably even closer. And there's people there that kids are going into school. Hungry can't afford to kind of have coats in the winter.

They caught on afford Christmas presents. They are kind of struggling on a day. If that's stuff's real. But we're just blind to it. Because we're heads down in the woods.

Looking at all this great stuff that's going on in our country. And how easy is to become rich. And if you haven't got a Lamborghini or a Ferrie, you haven't got 15 houses. How do you do them with your life? Yeah. Like that poverty still exists.

Like, and with women, private poverty, like the real girls in school. That can't afford basic sanitary products. Like how that's crack is crazy. I'm crazy. Stereo, for a heute will be the tag on the identity that's living from you.

Stereo, do you know who can help you with a change in your life? In a community you need a new player to build.

“Or in a kind of child's name you need to finance.”

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For your children, goFantMe.com. For your children, goFantMe. So, it's so interesting. We live in a time where we have the most opportunity, but the world gap is...

I think that world gap is widening, because I guess maybe... Let me know. It's because I have my ideas. Why do you think that gap is widening?

What are your thoughts on that? Why is that happening? I think we live in a time where we have internet and opportunity. The thing is, like AI, I think, can be helpful but harmful. Helpful, because you can, like, answer that you create a business on your phone,

because you know the demand, you know what's needed and whatever sector you're in, and it can actually go viral. When it comes to businesses, if you get ahead of the curve, for example, when COVID hit, if you were, for example, someone who made the face masks, you would absolutely be raking it in, because you saw an opportunity before

it got to that stage and you capitalise on it. But then on the other side of it, AI is making people lose jobs because they are easily reversible now. When you need someone to create something, AI now does it at the touch of a button. So if you are able to understand how markets work and get ahead of it,

I think you can absolutely thrive. But you have to be educated and knowledgeable in whatever area you are in,

And AI, for example, is taking away so many jobs right now.

“But at the same time, it's been a thing.”

If I had to work my, for example, me. When I'm back in the day when I used to go on a lot of viewings, what you can do is you can see a property to tell you how much it costs fine. If it's a directly property that we're talking about, I want to get properties that I can actually add to the house and stop.

That would mean I'll have to refer a bit. That there about the referb is the bit that I did at no cost. I'm not a builder, I'm not a QS. But I now, in my own business, in property, have actually introduced AI to help me.

I've actually created an AI renovation tool to actually help people estimate the renovation cost, because that's the gap that they were missing. If you go to an auction, you would have to now try and book a QS, book a builder, book a decorator, and some to go with you so they can estimate your cost because you may not know,

because you're not savvy when it comes to refer.

“Of course, I've helped build something to get rid of that time,”

get rid of that cough awful. So you can actually estimate your cost. So you know, before you, they hit the gavel and they say it's yours, you know what your property is going to be, you know what your innovation is going to be, and then hopefully you'll know what your GDB, because you've done the research.

Stuff like AI actually can help you in your business if you use it smartly. So it really does depends on the person you're just trying to use it. It's your self. Yeah, I've got to get ahead of the curve. That's the problem, right?

You have to, I mean I use AI every day. And if you're going to still be used after you bought it, but to estimate the costs, cut all that out and use something that will help you. Okay. So yeah, it's good really for me.

That's wrong. So the question was, the question was, why do you think, because Ian said that we've got the most, the wealth gap, but why is that then that wealth gap widened, although we've got the most, I mean we've got incident, we've got AI. You know, we can travel pretty, if you want money, of course you can travel anything like,

there's a, we've got social media, but yet we've got widening gap. The widening gap is caused by the insane level of taxation in this country. Okay. Okay. Insane level, I mean if you're earning 40, 50, I mean what are the levels of tax?

If you take any business, they actually pay more to the government through VAT, the corporation tax, pay UIA, business rate, you name it, they pay more to the government than they actually earn, for themselves. And that's, that's an injustice and that until that's corrected,

we will never be able to set up a, to a market where businesses are really thriving.

It's, it's, it's nearly impossible to run a successful business these days. And I'm telling people on to partnership, don't bloody do it. Don't, don't, it's, it's, it's now getting more and more difficult in the last four, five years. I've just noticed that it get, it's got more and more and more difficult. And the bad news is, it's never, never going to improve because the government,

it doesn't matter if it's reform, labor, conservative. Whoever's in charge, they've got to service the one trillion pound mortgage that we've got, the one trillion pound debt that we've got. And that's like billions of pounds, five billion pounds per month goes to paying.

“The interest only on that mortgage or on, on that debt, if you want to call it that.”

So, I think the level of tax, I can't see it coming down any soon. And until tax doesn't come down, I don't think anyone's life is going to get much easier. Yeah, it's really difficult because we've supported that was released. Everyone obviously wasn't up for about the extra taxes, but it's a, I'm not simplifying with them, but they're in between a rock and a hard place.

They need to fill this gap, to split the whole gap that they've created. How else are they going to do it? It's not taxes. What? I mean, a lot of customers be right and ripped into Rachel Reeves on,

I've been a lot of customers because somebody else ripped into an interview and say, actually, the deficit that you kind of projected to the British public was false. Yeah. So it's on, so they've projected this massive deficit, which actually wasn't correct. So that allows the government to then exert pressure on us.

If any of you, if anybody watched the budget and you want to see where the issues are, just look at the behavior in that room, whether the chance of the extra, first of all, as a chance of the extra, second of all as a woman is in a room with men, leave an in-shout and scream at a leg, school kids, that is just bullshit.

The reality is, I agree with Ashmal, 100%.

We're in a massive total, and I kind of did some research on it on the way down. It's the corporate space that needs to stop here in the fair share. Look at these multi-nationals, Amazon Starbucks. A estimate like this, 10 companies that operate within the UK and a multi-national level that are responsible, six billion pounds of tax that could be common in.

Really? So if you split that within six kind of different resources, you could fix junior doctors and have enough people within the UK to do that. You could fix the nurse in crisis, you could fix the house in crisis, you could fix the education crisis, you could make sure that elderly people have got social care and they've got went a few payments.

Nine times out of ten, it's just an office address.

“It's not actually a Starbucks massive multi-national administration.”

And run it all through that and say, "Ad you know what, we're not going to pay your corporation tax." Let them, like my view on it was let them go, let them go. Okay. Because what that then happens is, we'll have pizza chains and we'll have UK coffee shops at independent ownership. Feed in the UK economy and bring in all that and pay in the right level of tax.

Not middle Britain, not hard work and families, not individuals like us that are feeding the pinch. Yeah. And that had this real squeeze from the budget. Yeah. And other people are leaving as well the country because there's no benefit.

If everything you're doing, you get tax, you get tax, if you breathe, you get tax, if you buy a house, you get tax, if you die. Yeah. Hold on, I'm going to, I just heard it out of laughter when you breathe, you get taxed. Do you know that's actually true? Is that true?

Yeah, that's true. So businesses have to pay something called the climate change label. They pay that through their utility bills. So you might laugh that you get tax for breathing. That's true.

That is actually true, you get taxed for breathing in this country. I do say I'm an hours all over the country. And obviously the only thing you don't get taxed for in the UK is for walking. And someone put up their hand like 10, 10 seminars in and said, there's actually VAT on shoes. So you do get tax.

That's pretty big. Everything. Everything. It might have been taxed for walking and breathing. That's that's the stage we are at.

No. It gets worse before gets better. I was getting worse. I genuinely was getting worse. Like I don't think reform of the answer either.

And I don't agree with a lot of what they're about. But I think they're radical enough to shake up the political system in the UK.

“And I think that's what needs to change the drive change at a very top level.”

So then pull that through. Actually loads of people getting a product for the right reason to make change in all the rest of it. How much power have reform got or well reform have when they're in power? Are they going to be able to do anything about the trillions of pounds or the one point to Trillion pounds worth of national debt that needs the monthly repayment paid every single month.

The answer is no. So it doesn't matter. It doesn't matter which political parties in charge. We still have to pay all of this tax to service the national debt.

And that national debt I'll tell you now is never going to come down.

Because it's designed to never come down. Yeah. It's the game that they play. And I'm going to get where it is. That's why I want to have this conversation because how do we never get out in a day.

I think it's good for people to understand this because that is the game. So how do you. There's not much you can do. We can't do much about, you know, what who they tax and, you know, what they put up. Of course, we can lobby and do all that stuff.

But in the grand scheme of things, there's not much we can kind of do to how do you. You can vote with your feet. You can vote with your feet. Stop asking. I'm not going to do the same thing.

If we, if we're really looking at it, it was conservatives. And now it's labor. When is conservative people complaining? Yeah. It's labor people complaining.

So it just shows me that it's not is there. It's not different. It's kind of a divide and conqueror isn't it? Yeah, I would be surprised if you don't. So in, so I studied a law degree, right.

And so I went to a case when I was a student. And what was so interesting to me was to strike into. There was two, like, one was a prosecutor. One was a defense. Obviously they'll go and I in the court.

And then after they all, like, oh, buddy, buddy, after all. And after I, yeah. And it just means you fit like. Like, like, they don't even know what they're doing. Yeah, like, they're facing it.

It's like, you know, but I'm a background. And so all friends, like, you'll probably talk about. So that's kind of how like in the political system. They probably all, I'm not saying they all friends, but. Same agenda.

Yeah, someone is guys. You know, went to university together. It's like, who set up an MP? You got House of Lords. Yeah.

And it has to go to the political system. And provide House of Lords that are unelected. Yeah. You guys, sit above that, have so much power in the system. Okay, but they're not elected.

Yeah. When interesting point you made to Ian about these multinational companies. Not paying any corporation tax.

I've got a very simple solution to that that will never get implemented.

If you earn money in the UK, a get tax. It should get taxed in the UK. It should be a simpler. Yeah. Yeah.

Yeah. In joining this conversation, drop a comment with your favorite moment. Give this video a like and hit subscribe. So you don't miss future episodes. Fence will be in part the journey.

We've got plenty more valuable conversations coming your way.

“So why do some people deliberately avoid pensions altogether?”

Do you see that as a smart control over your money? Or just an unnecessary risk? I just love it. I just love it. I just love it.

There's like a difference. I'm gonna fall out of this guy now. Pensions, right? I'm over 50 years old, right?

Enron, pension scandal. BHS, pension scandal. Real worths, pension scandal. Coralian, pension scandal. People have been paying into their pensions at whole life.

And then they don't get the full pay out. That's the atmosphere. That's the news that I heard when I was young. Then I'm young and I'm thinking pension. Is that not for really old people?

It's like a million years away.

So a 20 year old back then doesn't quite think. You know, 50, 25 years, 35 years ahead. So for me, pensions back then was not a priority. Then I lost all of my money in the stock market. I used a lot of trading in the stock market.

“And after I lost my money, I thought, you know what?”

I'm going to control every single penny I ever earned. And for that reason, I don't have a pension. I would say that some people, I think it depends on your risk. You obviously are very high risk, YouTube business. You are happy to put the money in at the risk of it going.

Because of you because it will grow. I'm comfortable with my skillset in terms of taking that money and making it work for me. I don't need to delegate that responsibility to someone else. Some people are not like that. And I think if you're able to, if there's a lot of people in corporate jobs.

And if you're not in corporate who earn a lot with the pension,

then obviously your employer will contribute towards that. That's free money. And most tax efficient way to get that money. The only thing is you can't get it. So your pension age, which is if you're someone who's young, that works in your benefit.

If you're now 50 and you're thinking about that, you have less time to be able to recoup that money. So I think it just depends on your risk tolerance. If you know you are riskier and you know that money can work better for you. If you do in stocks, doing business, doing something else, then absolutely go for it. But if you want stability and you're not someone that likes to double and risk your money,

“then I think pensions is a smart option.”

I owned a nursery about eight years ago for about four years. And to a median age for my staff minus the manager was about 23. As a responsible employer, I told you there's a pension. You're an opt-in to it all the time. All of them opted out of it.

Because they submit to what you say, they don't see themselves. They're all 20, 21, 25. They're not seeing the pension that they're going to be needing at the age of 60, 70. They're thinking out of the here and now. Which I understand, I've done the same thing. But we do have to think long-term with everything that we're doing.

The manager who was about 50, she obviously opted into it. So yeah, everyone is different. Yeah, and what do you think? I thought it was going to be more controversial. I agree with them. I agree with that. I just mind on what you said.

If you've got the skill set in the ability to build wealth outside of that crack on, like absolutely crack on and you'll get probably more benefit if not more than that. But as part of a vehicle for drug public and everyone else, there's a very effective strategy to build long-term wealth. The challenge that we've got is the vast majority of people probably don't really

sort of take their pension seriously till they've gone past 35. You five, four, then all of a sudden it's like panic button. Every client I've dealt with over the last 20 years, and in every single one of them I wish I'd started soon. Yeah, because you just kicked a candle on the line, I did the same.

I didn't start really as a financial advisor for 20 years of experience. I couldn't... Well, my lifestyle was built the wrong way round initially, and I had to change that to then be able to afford the pension. So it was mid-early fair.

I think I started really taking a see. And I've got to play catch up now to be able to do that. I've got a business, I've got other things as well. Most people don't have that. The education gap is massive.

“That's huge, because I still see people and depend on which platform I post on, right?”

So I'd say Facebook is one of the very first social media platforms that there is.

So the tends to be an older age group within Facebook. You will very rarely get anybody under 25 that uses Facebook. The comments that I get on any kind of pension post on their absolutely nuts. And there was one two weeks ago where a lady said, "Why is it? I'll have a pension. I'm just going to save all my money into the bank

and save that until I'm ready to retire. I'll do that." Yeah, that's not. That is insane. Because you missed that catastrophe from Mr. and Grothard from your employer as well. That's huge.

You know, I think there is an element of lack of education. Like what is in your experience? What's your maximum contribution from an employer that you've come across? Like some really good employers will double if you're not tripled. You're contribution.

Like some big national multinational firms. I've had clients that say, I've put 5% in. And my employer puts another 15% on top of that. Yeah. You've got 20% in your salary. Hitting your pension every month.

Yeah, that's crazy. And that's excellent. What does that look like in 35 years time? I think if I had access to a little bit more education back in the day, maybe I would have tilted towards education. But even now, I'm not seeing any education in terms of here.

And if there's more of that type of education, it could potentially persuade or sway people to look at it.

Do you know why there isn't? What? It's because the financial services industry let millions of people down by not delivering that education. It's like financial advisors and I am one. I'm not anti-advised anti-crap advice and I'm anti-greed because a lot of advisors will take the position of well.

I'll tell you that information. I'll book it's going to cost you two grand. You've been at no thanks. Yeah. A lot of common do some educational stuff around your pension scheme at work.

But it's going to cost you X amount of money. I get it. You've got a business. You've got to make money. You've got to have the number one in your family. Okay, great. But when you've got to that point and the regulatory system is letting millions of people down over the years.

By not delivering that education, something's got to change. Yeah. I heard that the employee and financial literacy now into the curriculum in school. So I think if they can do that and it covers pension even at the age of 15,

“I think that'll be really important and good start for children to go inside their parents.”

I want my learn about pensions at school.

Do you have one? Do you know what it is?

And then that conversation will then click off. What if your parents don't know that? In your parents? I know. It starts from the end.

I come across people like that all the time. I've said actually all these pension scams that have happened. I'm not going to touch it. And if you've got your parents and say that, listen, son, don't touch that. Pensions are a waste of time because of XYZ.

Like who you're going to believe you teach your parents? At least at least the foundation is at least being it's there. Some of it will go in. Right. And it won't have a positive effect on a lot of people.

The challenge I have is like, right. If you reflect when you were at school and you excelled a subject. Did you excel at the subject? Or was it because you want a great teacher? Great teacher would probably.

Yeah. So the pressure on these teachers, which I think is unfair, is actually these teachers that then got to go and deliver this education piece to these kids. Some of these teachers are struggling to put food on the table. They're struggling to stand there.

Pension managed to finance as managed a 50, 60, 70 year old week on top of it. And now all of a sudden you've got to teach kids about taxes and money. That's fundamentally wrong. And he's to be fond and properly with the right kind of input to have the impact. Yeah.

Otherwise it's just pissing in the wind again. Yeah.

“It is, yeah, education is so, it's super important.”

And actually, as well as you were saying, like, you know, in terms of like any company I've joined,

they've never really spoken to me about pension.

They'll ask you that how much you want to contribute. You'll get your initial work and that's where it stops. You get no more information. They don't even prompt you. It's not like having it a reminder of every year or check your pension.

Are you in the right? Nothing. It's like, should we kind of lift your own advice? Yeah. Yeah.

Yeah. For sure. And also, I think you mentioned it in as well in terms of like financial advice. I feel like if more people were educated, more people had more money. Would it benefit the financial services industry?

Because more people have the amount of money that they would want to manage. The benefit of the pension funds, like the big players. You're going to do these occupational schemes for, like, the big money nationals. Or even small businesses. They'd benefit absolutely 100%.

Financial advice is putting benefit from that. I don't think so. I don't think so. Because there's there's less and less of us in the industry. The average interest is 58.

So more and more people are dropping out. There's not enough people coming in the bottom. And what that means is the rather than the wealth gap getting smaller, it's getting bigger. Because all of a sudden you're sitting there saying, well, actually, I don't really need to do the clients with less than 250 grand. Yeah.

Because one is not worth my time because of all the regulation and working everything that goes into that. And secondly, I need to make profit as a business put food on my table.

“And I genuinely believe that's why the whole creative spaces opened up as well.”

Because these guys talk about managing your finances, your new money on a consistent basis. And absolutely, I think that is the bit that closes the gap. I don't think it's financial advisors. Okay. Okay.

Cool. So I'll move on to my next question, which is around the stock market. It's a similar question. It's opting out of stock market a genuine path to independence. Or is it quietly one of the biggest mistakes people make when trying to build off?

Ajmo, Ajmo, did it? And he's all right. Opti don't. You did opti. You're still optied out, right?

Yeah, I'm not a fan. I'm not a fan. Oh wow. Okay. It's talk to me.

As you need to work about it, it's worth it. Talk to me. You're absolutely not a fan, right? Not a fan. Unless you put it in a tracker fund for the 5100 and put the money in,

invest it long term for 10, 15 years. You might win. Or you could win. There's a high chance you could win. Okay.

If you're thinking short term, you might as well pour your money down the drain. And that is straight at day traders. You do not make money in day trading. Okay. What did you do?

So you were kind of, you said you lost loads of money. Yeah. Can you just, can you, yeah. What how did you lose it? So at 30,000 pounds saved up, I was 27 years old invested in the stock market.

I was an expert. Like you hear these day traders know they really know the stuff.

30,000 went up to 40, 50, 60,000.

That went up to 70,000, 80,000, 90,000. I'm an expert. I'm really, really good at this. So I thought, went up to 150,000. But it's all people money.

I mean, it's nothing. It's all people money. And then dot com crash. Don't steal lost at all. Sorry.

Not before that. Sorry. One trade. I was trading at 20. I was doing 20,000 pound trades at a time.

And leverage it with it. Yeah. And then on one trade, I lost 3,000 pounds. Easy. I just managed to out.

I can make that up. Chase that lost lost some more. Chase it, chase it, chase it, chase it. To the point where I lost all my money.

And at that point, I realized I'm never going to invest in the stock market.

Again, that was a form of gambling. Yeah. Serious gambling. And in those days, I would be out with my friends. And I would have to stop off at our phone box.

Because we don't have mobile phones back in the day. I'm on the phone to TD water house to do a trade. And it was like a form of gambling. I had to lose all of that money to snap out of it. And I'm glad I did it.

Because now see all these day traders going down the same path. They're all good. I agree. I love when they trade in is good. Yeah.

But I think in everything. I think the different pillars of what they all are into length. And they all support each other. So property stocks and shares. Yeah.

“The functions as well. I think everything, if you look at long term, I think it's important.”

SFB 500 is going up. If you look at it historically, 10%. Yeah. But if you look at even the last three years, 15% to 20% on average is going up. So there is money in there.

If you look at long term, exactly long term there is. And that's a very thing. Every time I talk about property, I say marathon long term. Right now, stagnated. Give it few years.

It will meet the same trajectory or being doubled every 10 years. Yeah. So how comes you don't do the investing portion? Because yet, on my channel, we don't day trade in and no no for us. It was long term investment.

How come you don't look at the investing part of things like S&P 500? I'm just curious. Because I just put that money. And that loss was up in for loss. It was a form of gambling.

I don't want to do that. You're putting your money into someone else. You're making the decisions. They might do well. They might feel.

We don't know. But if I control all of my money, at least I'm in charge of it. And I make safer bits, such as putting the money into property. Okay.

And property is always long term again, always an appreciating asset.

Okay. I understand. And much less risk. So for you, it was more about control and you know in that. Okay.

If I'm going to do well, it's going to be on my. Yeah. I get me that choice. If this does bad is on me, but at least I can. Yes.

Based on what I'm doing. Okay. No fair fair. Look.

“No, it's always great to hear unconventional because you're successful, right?”

You've become a millionaire through it. So it's not that your way hasn't worked, but I'm just. It is interesting to hear as well for me. I guess in what would your challenge be. Back to that.

Do you have a challenge back to that? You're not. Every time I sit down with him, I like him even more. I mean, yes and no, like I think. And in front as financial advisors.

We do a great job of convincing people to invest. Yeah. So pre 2012 when I worked in banking, we were salesmen with a financial advice file. And our job was to convince an educated client to be able to invest. Educational stuff was very, very good.

The sales pitches were also very, very good. That then changed so we could no longer educate clients before we had that conversation with them. So then became more of an advice model. But the sales stuff still exists. We shouldn't be convincing people to invest money if it's not the right thing for them.

For example, if I said that with Aj Marlon, kind of did the old financial advice a process that I go through with a client, I'd probably say to them, you know what? You do an exactly the very thing. And thought too often, the sales targets of pressures on these financial advisors to deliver targets and meet these things and expectations and put pressure on the wrong people to invest.

Yeah. I remember when I was in a bank, I came out of a meeting with a lady who was, I'm going to say in a 70s. A little old granny that's called a typical little granny came in. How to chat about your money. I would be an observed by my boss at the time.

He was in there because we had to have observed observations once a month. He was sat behind me. We had a traditional fact-fying meeting. Found out a little bit about a money, what a plans. We were all this kind of stuff.

I said, you know what?

“Probably the best thing is just to keep it in your savings account.”

And you've got it liquid. I came out of it. He roasted me. He's like, what do you think you were doing? That woman kind of invested.

You should have been telling about the price of gold this Sunday. I was like, hang on a minute. You're telling me, and it is sitting in a lecture of 70 year old woman about the price of gold. What the footies done. What the Nasdaq's done.

What's this and trying to convince it? Yes, that's what I would have done. I'm like, yeah, but I'm not you. And I was, I had a real disconnect with the industry. At that point.

And that was the beginning of the end for me in that space. That's why I wanted to do it differently. And like, look at it from a holistic perspective. Exactly like you said, Julie, it's about like everybody.

Not just in, I'm giving you all the money and I want to put it in a pension. Yeah, it's just nonsense.

“Yeah, it's not though it's not the only only thing.”

And I wouldn't say, oh, you're money in the pension because you are also going to live life now. You're going to be doing that. You've got to grind the money. You've got to grind the money. You've got to grind the money.

You've got to grind the money. You've got to grind the money. You've got to grind the money. You've got to grind the money. You've got to grind the money.

You've got to grind the money. You've got to grind the money. You've got to grind the money. You've got to grind the money. You've got to grind the money.

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Race are higher, bit lower. Now they've definitely gone lower. We know that there are, you know, landlord are under pressure. Do you learn, do you think it's property still viable?

“Start important or has the ladder been pulled up, do you think?”

I don't think has been pulled up. I do think it's still viable. And it may not be as, um, they celebrate it may not be as quick as it was back in a day. But I still think it's a viable option.

With everything, like we said, property is still a great pillar of wealth. If you look at it for the long term, everyone needs housing. No matter what happens in the world,

credit crisis, bank collapses. People still need a house over their head. They need somewhere to sleep at night.

So houses will always be something that will always trend up

because it's a necessity. It's not a nice to have. It's a, it's something that everyone needs. So I think property, it's still a great pillar of wealth. It's still something I think everyone should get into

because it will go up. The economy will need to be stimulated. Like I said before, they will drop interest rates. They will boost the mind. People will be able to get borrowing better than they have

great right now. So I think it's something that people should still look into because there is still wealth in property. Okay. And property abroad as well.

Not just UK. Okay. And, but how do people? Because we do know it's more expensive. So how can people figure out that get onto that?

I know you mentioned before the deposit. Yeah. Issue which is an issue. If interest rates go down, you know who benefits the most from that.

It's not that every day person. Absolutely. Right. It's a people who have, wow, interest rates have gone down.

I've got the money. Let's, you know, so how do we, if that situation does happen, how can people, you know, navigate that. For themselves, personally, that every day person.

Every day person. So I, I, I'm, I'm one big advocate of, sharing the pie.

“I think people don't shouldn't necessarily always buy a loan.”

Two heads a bit, I don't want. If for example, you're a couple, you are married, you have siblings.

People who you can trust, I do always think.

If you can get onto the ladder, even if it is with someone else. Get onto the ladder, because eventually that will appreciate. And with property, especially if you're doing the investment. So I always say, it's not just about the property going up. You get paid twice through rental and through the property values going up.

So if you can stay in it and hold, you will reap the benefits later. So my answer would be to do it with someone. If you have their ability to, and even if you do buy by yourself. Don't always think it's just about you. Get a logic in.

Some people are very, it's my property. I don't want them to live with. Get a logic, who can actually help you with the bills. Help you with the, the mortgage. To help you not be losing all your money on this mortgage.

Just because you want to be a property owner. Get the help that is out there. Look at the government schemes. Look at the lifetime I saw. I know they obviously, they're going to get rid of that.

They're going to get rid of it. Yeah. Look how seriously. Yeah. And change the scheme to something else. We don't know what it's going to be, but they're going to change it.

Everything's going to be changed on. That when they're faced with this, the bad thing I was going to go to the place with something else. I don't know what that looks like. But anything that you have a availability to get.

Anywhere you can help to get money to expedite that to it.

But my thing would be start early. People who have properties. They didn't. Practically, you can't put 25 grand.

“They started small and started early and saved it.”

If it's a high interest account or something to make that money work and grow better for them. Start early. Start with someone if you have the ability to get direct education. But property is absolutely still viable for your whole. Yeah.

That's about you. You're long. Long term. Play the long game. But the young people nowadays have got a conflict.

They're looking to maintain it and their buddies are making their buddies.

Their buddies are making millions of pounds over night.

And over here, we're telling them to play the long game and property. No, that doesn't sound sexy. So the correct answer in my opinion is property is very viable long term. But I, my fear as young people nowadays just don't have the patience. They don't have the patience.

They want the Lamborghini right now. So they don't want to wait 20 years Lamborghini. That's someone who's ready for the video with his words. But that's not going to get better. That's the problem with social media.

It's not going to get better now. There I say you've got AI videos. So now people can be fake and properly to you. You might even really, you might even know you're running the Lamborghini. They can create one.

Do you not think the trend has changed? I think the 2000 and 10s. It was Instagram. It was very polished and very lumbar and fancy hosties to buy.

“But I think this decade, I think people want more authentic videos.”

Yeah. As the guys are just holding up the phone, phone, filling themselves in a regular background. I know make up those guys are popping in the celebrities now. The celebrities know it seems to be stressful. Yeah.

So I think maybe hopefully there is a shift towards just being a bit more authentic. Education is what, even though things like this now, this conversation. The amount of guests that you have at some instance of the savvy wallet podcast. That educating people and things that they may not have realised or spoken about or learnt at school. Yeah.

Situations and podcasts and education like this, I think it's paramount for the youth. Now to understand the other options that there's business, that there's property, that there's finance. And vehicles that they may not have clocked onto you before because it wasn't available. It wasn't readily available. You don't have to pay like you said Ian, for some to teach you how to save your money and invest in the right way.

But things like this are free and this is so much value for people who are watching. So even for you, I like big up to you. Because this is actually helping a huge amount of generation. Yeah. Well, we try, we try, I mean look, patience is, I think, is important.

But I always say to somebody, if you're trying to accelerate that, then you have to be business owners like you three.

Ultimately, no, if you're trying to accelerate, I perceive it because I don't think, okay. Stock market, I wouldn't say to somebody, I'll say invest, but it's going to be long term. If you try to do it short term, you're going to burn yourself, likely property. Not that you can't do it short term, but unless you're coming with a lot of money, how are you doing that short term without the skill, right? So then it leaves business and I'm not saying business is easy even.

I'm saying it's, if it's in an area where it's like, where you have the skills and it's more likely that you can accelerate.

“So that's what I think, if somebody's really, truly not to, that you can't do in your career, but even your career takes a bit of time.”

Takes time, but I think you can grow also with people who start in their careers. Your quality structure you can go is upwards, you can get promoted, you can go to sideways. And there are a lot of corporate jobs and even non-corporate that you can make a lot of money in. And it's less stress, you do your nine to five, you go home and you can sleep. Well, I also do in business, it's been from five to nine, nine to twelve, still working. So if you want the less stress, less time.

Corporate working in an actual job that gives you a high salary, could actually be better for you if your risk time isn't high. I don't know the crazy thing, you know what I've learned. They work just as hard, the more the more the trust me. - Okay, well, I agree. - It might have changed, but recently,

if you're not six figures, I know they're making justified up. - Three, but it's guaranteed. - Okay, okay, okay, so you're talking about guarantee, guarantee, guarantee, guarantee, guarantee, guarantee, every one of you and say much money you're about.

- Okay, not everyone can do it, not everyone can put it. - Even that, but what you're doing for the guarantee, the hour, the per hour might be less than what you'd get in business, 'cause you'd be expected to do 12/13. You're not gonna be clocking off at five.

- You put the 120K for sure, I know that. - The expectation is a business order, though. - It crushes people. - Yeah. - It counts.

- Every day, like, hey, you look, and I did something on social media about how you take money out of a business in the most tax-efficient way. And I got called every name on the law. - No, it's not.

- Oh, you've already paid $8.75 per cent tax, you're the downfall of society, yeah. I'm not even, come on, some of the more colorful fall out of words, I was called. You shouldn't be using the NHS about your syndicates

to school, blah, blah, blah, blah, blah, blah.

I don't get sick pay, yeah. I don't get holidays.

“Every single day that I get up to bed and turn those lights”

on in the office and come to work, everything is on the line on day one. I can have a bad month and not pay my bills at the end of the month when your first gets started. It's a reality, like, if you can't cope with that pressure

in that stress, then have a job. - And there's nothing wrong with either of them. - I don't think there's anything wrong. I just think that I would definitely like us to have more of the US mentality.

I go there, these guys are everybody's do something. Job, entrepreneur, that is very, I do agree that if the pressure is too much for you, but I also do think that.

So one of the things that I always regret is,

I wish I, and I've said this on a podcast a lot. I wish I took more risks when I was younger. 'Cause that's a time. Lift that home. How old are you?

(laughs) Only my face. (laughs) - Come on man. - I was there.

- You can tell I'm too young. But I am taking risks. But I'm saying I wish I was better than for me too. - 'Cause I was living in a home. - I'm the rent.

- To pay attention. - To pay attention. - To the rent. - But it's not what I'm paid out. - That's too long.

- So that was the time for me to... - Fucking. - Just going to do crazy things. But instead, I just... Not necessary.

Cooper work is not a fact you work.

'Cause it's basically hard.

I just became, okay. - I'll check you loose. - Just kind of dolled myself into, not that it wasn't working hard in trying to go up, but I just dolled myself really.

- Okay, which do you think is easier being an entrepreneur or working in a corporate job? (laughing) - Okay, 'cause I do both. - I think entrepreneur ship is more difficult

“because you have to figure out more things.”

You have to figure out the market in as spare, figure out how to make money sales. So you have to figure out all those hats to get some sort of success whereas in your job, if you're skilled at that, I think, you do that.

So that's why I think. But I think once you become skilled at that, the good thing is, I think, not that it becomes easier, but then you can start outsourcing.

So entrepreneurship, I don't think ever becomes easy. - Right. - But I think you can make it easier for you once you outsource some of stuff. So outsource sales, marketing, stuff like that.

But you always have to deal with the challenge

you're making money. - Does that make a hard on them? Because you're relying on other people then. Like on day one, like when I started, - Yeah.

- And how to do everything that I was crushed on day one, I've got to do the market name. - He's doing the whole lot. - And I'm like, what am I gonna do? I've been a financial advisor at that part of 14 years

and I think all of them do the same job. But on day one, I sat on my desk and I was absolutely crushed. And I'm sitting and thinking, what am I gonna do? - Yeah. - Like what am I gonna do to get the next client in

and I literally just total panic? Shut the laptop, went out for a walk with the dogs, came back and right, one step at a time. - Yeah. - And then as the business grows

and you get expectation that you were saying, "Ear your right smile." It's like, you've got other people involved and then you're relying on other people and like, I regularly go from,

just keep it simple. And me and the bottom of the garden with me, other hard kind of doing other stuff to take over the world of growth and see how far you can get.

- And there's very little in between, yeah. - It's very easy to get seduced into that growth growth. - Yeah. - And that's where the head it comes from. - Yeah, that's where the head it comes from.

- There is nothing, and I see this all the time. See if someone's got a nice little business, there is nothing wrong with that, but so often people to get myself as well. So often people to get seduced into this,

they've got to achieve more and more and more, and it doesn't make them any happier. I just brings one more, more and more. - It's a very, very interesting game. - So if a young person has 500 pounds,

a month to put tools built and well, how do you think they should approach it? - So I think there's a few ways around it. If you have 500 pounds a month, what should you do?

“You should look at something that can actually”

make the money work for you. So unfortunately, you won't be able to get to get as much as 500 pounds a month. But property is a high priority entry. Property falls you out.

So you need to look at something that would make that money work better for you in terms of the stability of what you're doing, not lend that money, go lower. And then looking at how you can actually make that money. - What would you do if it were you?

Let's say you start and again, from scratch. - I would do business, I would go into property. - Okay. - What would you do with that 100 pounds? - 500 pounds.

- A business, a business that can actually grow. So look at the demand, look at what is what are people doing, what are people looking for. Before off-lamb, we were talking about a putt costier. Can I invest in someone who's doing something like that?

So not necessarily use the money for myself. Look at other people that are doing something and use that money with what they're doing to make it grow for me. Because it's not everything you should do by yourself, sometimes actually get other people to help you.

- So you save that money and then you then look to part and out with somebody. - Look to part and out with someone who's got more expertise and experience than I do. - Okay, but it wouldn't be property of your business.

Because 500 pounds is not going to get me nowhere for me. - So there must be a minimum in that so many needs to get into property as a first time or. - As a first time, you need a 10% deposit so depend on where you live in.

If you're in the Yorkshire, 400 grand, you can get it free by the house so you need 10 grand. - 10 grand.

- So you got to get that money first.

- 10 grand. - Okay. - Yeah. - That's real. - If a young person came to me instead of got 500 pounds,

I would tell him, take it to the bank, put it in a savings account and forget about it, then go back into the real world. - There are another 500 pounds and stuck in the bank. And just repeat that over and over again until the money accumulates.

'Cause even in that money accumulates to three, four, five thousand pounds, all of a sudden, you've got a few thousand pounds in the bank and you've got options, you could put it into property. You can invest more sizeable amount into a business.

You know, like start off on a small scale, but 500 pounds is gonna get you nothing. 500 pounds won't even buy that tripod in this world. So I'm a big advocate of put money in the bank and just leave it there and just save as hard as you can.

- Okay. - Especially when you're young, you're living at home and don't get seduced and to buying the designer gear and the flash-watches and all the trendy gear and all that type of stuff 'cause it's just,

it's just a way of losing the maximum amount of money that you can. - It's not good. - Okay, let me reframe my question. So okay, 500 pounds of of the year is six grand.

- About the two years is 12 grand. Let's assume this person's saved as you mentioned and they had 12 grand. What would you do at that point? - 12 grand, that would say put it into property. - Okay, yeah, put it into property, put it into property.

- Okay. - I'll know from guessing. - Yeah, it ain't getting no 12. - And that's not the one that they love them.

“- I don't know, that's what I'm talking about.”

Even in my database, yeah. - So you could potentially get two properties with a... - Wow. - No, two properties for 12,000. So a 6,000 pound deposit on each flat. - I would put it into property.

- That's a lot. - It's a lot. - It's a lot. - It's a lot.

- But then you can move to Glasgow and the weather's always nice, yeah.

- You know what, it's not the worst idea. I think it's not the worst idea if you can do it, to move. Because I think mobility, people forget that's an option for us. And if you can move somewhere else in the UK, that's going to be cheaper for you. So they're stuck in for a few years and you want to come back down south, actually.

We might have been better for it. - So I use agents for all of my properties. And I can't even remember the last time I actually visited a property. So even if you're London based or Yorkshire based, and you've got a property at the opposite end of the country,

appoint some agents to take care of it, they'll get a cleaning done, they'll get any repairs done, they'll get the boiler repaired, they'll look for the tenants and get them credit checked, and they'll get the tenants in as well. So you physically don't even need to be there.

You know, we ask you because now it's 12 gram, what do you do? - So I'll put it into property. So the thing is, if you're looking at a property that you're not living in, so it actually by itself, it's got to be 25% of the property. You can't be 10%, so you won't be able to get to,

'cause you can't, you're not allowed to get two residential units here. Yeah. So if you are getting a property that is 100 gram, you need 25% which is 25 gram. So you still need to save a few more years to be able to get that money,

because 12 gram will be okay if you're living in it, and it's was a denture and it's your 5% if you're going to do that. If it is an investment, you need more. - Yeah. - But does it make more sense for people

for it to, they're first to be residential rather dead?

“- That's what is normal, yeah, that's what normally happened,”

because if for some of you want to get a vital property, you have no collateral behind you, if they can't take anything from you that bank or the lender. So they've much more stringent and less likely to lend to you if you don't have any vital it.

So the child will say, get a residential before you look at it again. - Plus you can use this meant, right? - Exactly, you can use it. - Exactly, exactly. - What about you, what would you do 12k? - I'll probably wouldn't let it get to the 12.

- Okay, you wouldn't. - I know, I would, like I'm a big believer in education part of it. - Right. - Educate yourself on how to manage money. - Yeah.

- How to manage finances, whether it like all of us manage your finances incredibly well or wouldn't be sat here. - Okay. - I've had times that I haven't, of course, and probably everyone else has as well.

150 grand last on the stock market. (laughing) - I'm sorry. - But I educate yourself on how to do it. Like follow, create is in the space about how to do it. If you're interested in getting a problem,

follow some property, create is interested in entrepreneurship, follow some entrepreneur, pronouns that are doing this, that are doing things ahead of you. Everyone invest in that education, books, courses, and just build your skill set.

“Whereas I think if you can build your skill set over a two year”

period of getting to that 12, run and you spend six on your skills, you are going to be in a much better position to understand where your path is going to be with the six grand that you've got left. - Yeah.

- And over that time, you will have opportunities. I think Henry Ford said the phrase, "The Horde really works then look your regates." And I think that's exactly right. - Okay.

- I would education all day long in skills first and then figure out the rest of it,

And your 20s, I just do a little bit extra on an evening and spend a little bit of time. Could you sit there on Instagram anyway? Why not spend a bit of time looking at stuff that's going to help and support you

and make you potentially the person that retired at age of 40 or the one that changes your generational wealth? - Yeah. - Here's a question for you in, you go on there and turn a every bloody, good assailing, of course.

How do you decide where to put,

“how do you decide what course you should buy?”

- That's hard, yeah. That's what Google reviews for a start. Look at other people that I've done it and don't just do based it on a snap decision because these guys are running these courses

have got really sophisticated sales funnels that will try and entice you in and commit to it. - I'm certain. - And kind of pop money into this stuff but the reality of it is like do your research

and don't drop into anything straight away. If it's a low entry point course that doesn't necessarily mean it's not any good. Like I've read books that have absolutely changed my life that cost less than a tele.

And you've probably got the same. Like that could be your starting point and I could say, well, that triggers off something else and then what's the next bit and what's the next bit? - Yeah.

- Like get a note, we can journal this stuff and write it all down and just reflect on it. - If it mental shifts also are really important. So if there's someone that you know that is done what you want to do.

Learn from them so you can avoid the mistakes that they made. - And a lot of the time people would do it for free. Like I've had young financial advisors reach out to me and just be like, listen,

I like what you do, I wanted to get in the industry, I wanted to do with ABC. What would you suggest them? Let us have a call? - Yeah.

“- I'll give you half an hour, 45 minutes an hour”

of me time, we'll just talk. - Yeah. - Like that can just set someone on a path and you're given 20-30 years of experience to somebody like reach out to people doing it.

- Absolutely. - So how much of the 12K would you spend on on an application? - I'm probably going with probably at least half of this. - Really?

- You know a lot of people listens to this. What do you do that right? - I was listening, I was listening. - I'm a master, I'm a master of restaurant person and development.

- Okay. - But since for the last 10 or 15 years and it started with a book and it was called "Who moves my cheese?" - Oh yeah.

- Which is a really simple book and I'm like,

"Who have never read a book like that before?"

'Cause up at that point was text books and stuff that I was never going to read and I read that. I was like, "Oh, that's quite interesting." Then it became Stephen Colby's several habits of how it affected people.

Then it was all the bits on top of that. And then it just got to a point and I'm like, "Listen, I've got spare cash now. I'm going to invest in skills, in courses, qualifications and just keep building that."

That's what I've done. But a lot of people don't, how get this? - Yeah. - But it's interesting for you guys, if you get in the run and get in the run, the best investment you can have

is in yourself. - Okay, wow, sit, it's crazy. So if I was to ask you for the best way for somebody to build off, it regardless of what the income is in 2020, six.

What would you all say? - The best way to build off? - Yeah, I'll just for them to think about that. It doesn't matter what the income is for them to work towards building off themselves.

What path, choose only one path, what path would you say that should be? Especially given where we are in society, obviously lack of mention taxes are rising a little bit. Air is, you know, disrupting things.

- What would you say? - It would have to be even property or business. - Okay. - I think business like we've mentioned before, it's probably the fastest way to get it.

If you get an idea and you get it right, it can go viral and you can actually be a millionaire. There are so many millionaires that were the creative doing COVID because people just had to knuckle down, sit and work on what is my skill set,

how can I monetize 'cause I can't go outside, how can I monetize the skills I already have?

And then property, I think it's always going to be

“some pillar of wealth that I think you have to invest in.”

So I will say a bit above. - Okay. So then that means we're kind of a mid in jobs. Being creative, we say that's out. No, you worried that.

- In business, you still need people. In property, you still need people. You need builders, you need more good devices, you need solicitors. - I would argue that I do need people in business.

(laughs) - You can. - I was able to do it. - You can't do it now. - But if you want to scale, you need people.

You can do it all initially, I think, and try and learn it. - But you need less. - You need less. - Yeah.

- But I think, similar to what Ian said as well, you always need, after a while, you need someone else to help you grow what you've already established. - I think, yeah, he's going to change that.

I think it's already changing that. - It's already changing, not this way. - You said, like, you're disruption and AI over the next 10 years, too. I don't think, I think within two years,

our whole world is going to be incredibly different. - But what it is not, it's already on.

- But the AI is not the first time

that's something has disrupted the industry. When the internet first came in the crates first time, everyone full on my goal is, if the world is ending, it just enhances it, it made it better.

AI came. - I've got a few properties in Tomcaster. When you go there, you see it's very, very heavily populated, very heavily populated by cold industries.

That's where cold headquarters were. They've had to pivot and change, because cold obviously is not,

We use more upgraded things now. You have to pivot and change. AI, internet, that stuff changes industries, but it doesn't mean it can totally wipe it out. Even if you look at the film industry,

we all used to go to blockbusters to buy films. We're now looking at Netflix and Disney. Blockbuster had the ability to buy Netflix, but they said, no, because they thought

they were always going to be in the industry.

They've missed that on a huge market. You just have to be able to learn how to pivot and adapt ahead of the curve. Within the budget came up, everyone's saying about landlords and now selling up

and doing this and that. There will be people that will be able to capitalise off-skill landlords who were scared, getting rid of their portfolio, because you are ahead of the curve.

Looking at APC, they're making an APC regulation. The, it has to be C by 2030. You know this, they've said this for the last five years. If you get to 2019 and only now, you're looking at your APC and trying to make it a great C,

you are behind the curve, because they've given you enough notice to know what's coming, just think and plan ahead

“and I think everyone can honestly thrive,”

even with AI.

- Okay, let's hope for the hopefully

about it and it's gonna be good to help people think about the curve. What about yourself, Ian? In terms of that question, what would you say for somebody thinking about building

off in 2020? See, it's what's the one path that you would encourage people to take? - AI? - Okay, a hundred percent.

- Okay. - So what, what would be AI? I think the change in the growth that has happened AI, even in the last 12 months, has been frighteningly quick. - Okay.

- And that pace of change is only gonna accelerate further. I would be looking at absorb and everything that you possibly can't do with AI, how to engineer prompts, how to write code, how to use AI effectively,

how to build your own versions of AI, how to do all this kind of thing, because you're gonna be incredibly valuable to people. - In a very, very short space at times. - I went into a talk by peers.

Liny, they're extravagant, but six months ago, ideas fest and hard for each other, and he was talking about the pace of change. About 18 months ago, when AI was started to become a thing, I was kind of looking at something

and how much is gonna cost to get be spoke systems built. You're not gonna two, three, hundred grand a pop at that time. Now the entry point for my business is a five-grant set up on a grander month, then I have the equivalent of three full-time employees

working for me, doing all the heavy lift. That is nuts, and he said within two years that price would have dropped even further.

I think it's just an incredible opportunity

that a lot of people are sleeping on, and it's not that AI is gonna take your job, but I think somebody with AI can do a better job than you can. My belief, as I get more and more into this, is that actually what's gonna happen is,

it's gonna make our lives better, and I think a lot of people have a better quality of life, because actually the reality of a four-day week might be real for everyone. You might have a three-day weekend

to be able to spend with your kids and your family and doing all these wonderful things. You might be able to start a 10 and finish at four. That might just become their own, because technology does all that stuff.

It's not like gonna get rid of your job but it'll make your job significantly easier. - Yeah, okay.

“So you think that the best way for somebody”

to potentially build wealth into any 26 is to absorb and have an understanding of AI and in trying to become value, use it in some way, whether that's like building your own business and offering consultancy services, what actually getting a job and being like AI specialist,

just drop yourself into the world and just suck it all up. - Yeah, AI is, yeah, AI is getting, the reason why I'm not the one who's out of it. - If that's why everybody thinks the rule button, yeah, it's because I use it so much myself

and I do, it does get me to think like, okay, my newsletter, okay. I pay somebody to do this, or do I just keep refining it and it's perfect and I can just, and that's the question

that you're having across the ball for anything, that's around that, right? Even if I think about, let's say I wanted to hire somebody to create copyright for me. I'm gonna have them to decide, okay, a person,

or do I get AI who can refine it like crazy, or I can say, okay, this is a good example and it can do that way better than anybody else can. So it's terrifying, but it's also the opportunity is there. So I think it's very interesting that you're saying that,

what about you, I'll talk about it. - I'm building, I think property, FNOS asked me, I would see properties away, long-term growth is stability and that's my stance. - Okay, but what would you say is there

“risks in each of your approaches on looking at other sides?”

Where's the downside of your approaches? - Is there jobs? For property, the downside is short-term, it's not sexy and you don't make much money short-term, but where are you when, as in the long-term?

- Yeah. I think with men's come to AI, people will lose their jobs, which is the unfortunate thing when it comes to, if you look at a con of business AI,

it will take people out of their jobs.

But like I said, at least what you're doing, you'll be more efficient and in property, like as MOS said, you are liquid, initially. You're not able to use the money, but it's therefore generations,

which I think is the positive. - In the outweighs the negative. - What about you, Ian? - I'm a different point today. - I'm a blinker now, I don't see a negative, too.

- You don't see a negative, okay?

“- I think my, maybe I've got rust and it glasses on,”

with this stuff, but I genuinely think you could get, with my, everybody's got a universal level of income, and poverty any longer exists. - Do you know, I think that it stagnates your thinking, though, because people don't think anymore,

they just put what they think into advice, which tells them that they'll have to be honest. - I get it, I get it, but at the same time, if everybody, hypothetically, didn't need to think like that,

and could spend time with building emotional relationships

and building well-rounded people and kids and having a wonderful life, and you know that all your bills and everything we're gonna be taking care of, and you're gonna be okay, you'll still have wealthy people,

but poverty would probably not exist, because it would do a lot of that heavy lifting. Like, I genuinely think that's a real possibility. - Yeah. - It'll happen, it could happen in our lifetime.

- Yeah. - I don't know, there's a bit in me that thinks that I'm not motivated purely just because of money, if you get what I mean. I think there's a bit of me that would say I'm motivated

because I want to also be the best version of myself.

“There's some people that I think that are driven”

just because they want to be better, not necessarily because of money, so what would happen to all those people? 'Cause I'm listening to this thing partly, and talk about this as well.

What would happen to that person that likes to build, or likes to work and stuff like that? - That's in that. - That's in that. - The opportunity is still gonna be there.

- Okay. - Okay, you can still build those business and things. - And if you don't be bad, okay? This should, it might not be at a bad outcome, obviously. - And not bad when you have both.

You can still have traditional work, and they still do business on the side. I think that's what a lot of people to be honest should aspire to. When I was working in my nine to five,

I had to know she alongside that doing that, still every day and on the weekends going to pack up, 'cause it was like a very nursery, you can still do both. You're not limited to one source.

- I think we should, personally, maybe on bikes, 'cause I do too, but I think it's,

“I think it's a good idea to try and do to,”

you know, your passion and then the thing that pays you. - Yeah, yeah. - I think it's amazing. So actually, on that note of us talking about, and it goes, revises our conversation before.

So we're seeing like a K-shaped recovery, where people of assets and leverage are pulling away. And I think this is happening more because a lot of those people are also using AI. And the same way that we talked about financial education gap,

there's gonna be a tech gap in a way for people that don't use it as much. So not only are we seeing, you know, then pulling away we're also seeing wages stagnate for everyone else is the middle class at risk of disappearing

and how do we stop more people being left behind? Since you basically talking about your scenario, like Ian, how do we get more people into that utopia where people not really being left behind and when I have a like, you know, wife got widening it.

It's like, you got to think of it, you can. You don't think we can.

- I think it's always gonna exist.

You're looking at history and how the classes have existed over a period of time in every single country of the world the world has existed. I don't think that's gonna change

until you maybe get to that universal level of everybody who's starting again or having wealth at a certain level. I don't think that is ever gonna change and why would it?

Because actually from a fairly fundamental level you wanna be able to control the population when everybody got nuts and have an revolution every two, three years ago. You want like, that exists for a reason.

I don't think it's, it's hot to see how you can, but how do we get those people there? Maybe we can never close this in the middle class. - Yeah, so how do we stop the middle class from disappearing essentially?

- And that is not just like really super rich people and there's really a lot of people. - We've even the taxes that weren't out in the budget and the stealth tax and them freezing the different sections of the taxes.

People are scared to earn more because if they earn more, they'll get thrown into the next tax bracket and then they'll be taxed even more. So, and that bracket where they're gonna get taxed more, that is the middle class.

So people now would not necessarily want to take as much of a pay increase. It's not me in inflation and they've stopped you allowing to stop the tax, tax brackets expanded. So, people are more scared to even make more money.

And I think the tax is- - I think the tax is- - The standard as well from a lot of people. - It isn't, but with the government doing what they're doing and I understand they're between a rock and a hard place. It doesn't encourage people to want to earn more money

to become middle class. You're gonna be severely under and you'll get more benefits.

and be at the end where you're earning a lot more money.

So, it's a bit in the middle where people are finding it really hard. Do I earn more money and get tax more? Or do I just stay where I am? People are scared to earn more because they're gonna take it all off you anyway.

So, it's a hard question but for the government and the taxes play a big part in it. - Yeah. - What can people do though to get them over to love a sack? 'Cause there must be solutions.

“- You should say, you should say, I'm sorry.”

- And they'll be popular right? Even if you go to a higher tax rate, unless you're the 60% tax drop that you're talking about, now you agree with that part. If you go from basic rate to higher rate tax

and you go from 20% to 40%, look at the proportion difference on your income. You haven't just gone from 20% or all of your income to 20% or all of your income to 20% or all of your income. It's still got your personal allowance.

'Cause they've got other allowances potentially and claim for, so that's how do we sacrifice things that you can do?

But you've still got more money hitting your bank account every month.

I had a conversation with a client this week who's doing incredibly well got a great business and she has led the phrase I use with over this time is letting the tax tail wag the dog. So all of her decisions about her quality of life

is having with her in a sun or a tomb by how much tax she's paid. She's like, "Well, if I take my money out of the business, "I'm gonna pay more tax." And I don't like the idea of 40% taxes.

My account says, "Oh, you're gonna be paying 40% tax." Yes, you are. But the reality of it is your money is there for a purpose and what you earn is there for a purpose to give you and your son a better life.

- So there's someone who's in business though, there's standard person who's working, give it get impaired, who gets the free-toning case because of inflation or whatever, they will get thrown into the next tax bracket

without technically earning more money. So it's the employees that are suffering. The business people, they can talk to their account,

“it's like me, they say, "Oh, can you just change it?”

"Make that expenses more so I get paid less tax." When other than having an option, that's where people are gonna be suffering if you're trying to earn more. - Yeah, it's especially with inflation.

So that's my worry, my worry is that, and I think this is why people on uproar, we've got these frozen tax thresholds in it. Our allowance hasn't tax-free allowance hasn't really gone up. - And many things are becoming more expensive.

So what do you do? We say, okay, people should go into business which I agree with, I think people should. But yeah, what kind of, what do we do? 'Cause the way we're going is like,

we're just crushing, as they say, you're crushing people. - But in course, back to education again, I understand, again, again, I get your points. Exactly what you said now, absolutely. For employees, that's hard.

But the education side of how you manage your finance and your work after your money and trying, squeeze every pound as much as you can, when times are difficult, which is where we're at, that is so valuable.

But it's just not out there. Like I said, if it comes in as a national curriculum level, some of those kids will retain it. Some of the bonds, like you might have a great teacher and all that stuff.

But there's still people so suspicious of the financial system. There's still people like keep 10 grand in a shoebox under the bed and stuff, you know? Like, until that changes, like this doesn't change, doesn't it? - Yeah.

Do more people need to take more risks than, are we maybe too much of in a risk of a society, and are you okay? Do more people need to take risks to now build while versus previously,

especially in the situation that we're in now? - I know that. - There's a person who's a risk of a tire, honestly. If you're not someone that will be palpitating, knowing that you've got a business

that you have to wake up to service, don't do it. Like, it could cause you more mental health issues than someone who goes to job nine to five, gets paid every single month with no issues.

So I think it depends on the person. - Yeah. - And the exposure debt too.

There's always, there's a saying that,

I'm sure a lot of people have heard, if you're surrounded by nine billion as you will be contented. If you're surrounded by people that are forward thinking that are doing what things

that push the boat and our bit risky, you would know that they've done it. I can do it too. If you're on the safe route and you're just not thinking of that way,

you will be, you will do safe. And safe isn't necessarily bad. - So, yeah. - That is a thing that's bad. - But how does somebody figure out,

if, you know, how did you, as well, figure out that you were happy to take risk? How did you figure out for yourself? - I think for me it was easy because my parents, they came to this country

with enough things. So they had to physically go out and graft and air in the money. So I saw my parents risk everything into the business.

So for me just going up that was just normal.

“I just thought that's what everyone did.”

They put their mortgage in the line, they put their house in the line to try and survive in the business. I just thought that's normal and that's what I did. - Okay.

- So map my risk appetite from the just everyone map, my uncles, my parents, everyone around us, all immigrant mentality, you come to this country, you work very hard, you save up some money and you plow all into the business.

And again, surrounded by the people that you're around. So map was very similar but different. My parents came from Nigeria and came here but then got to the mentality where they have to live

So because I didn't see the business acumen,

“the graft, the hard work, not that they didn't work hard”

but they worked to ensure we have food and table, that was it. So that is what I grew up understanding. So I saw other people doing different and then I knew there was different.

So what you surround yourself with, I think it's just so important. It's funny how your story is lit to you, replication of what your parents showed you. And mine is to opposite, built out of trauma,

of not having enough. - Yeah. But I've been said that, I don't want to give them pleasure that I had an easy up, bringing my up, bring me and my siblings,

like all immigrants, it was very, very tough. So the parents would work very hard and put all of the money into the business and the business was doing okay. It wasn't like amazing.

But they had a business. - But all of the money was going into that and any profits were reinvested back into the business just in order to survive. What that meant in our house,

no birthdays, no toys, no games, no days out, no nothing, no designer gear, being picked on at school for not wearing the right gear. So we were almost like brought up in a very, and I was quite a tough, tough environment.

And I suppose that then shapes my appetite for us, I don't want my children to be brought up the way that I was brought up and I don't blame my parents. They had to do that. They made all of the sacrifices necessary

to make sure that that business grew. And for the first, my dad, I mean, he was in the restaurant business for the first, like, 15 years that was a struggle. It was a real struggle for the first 15 years,

and only like year 16, 17, onwards that he stumbled upon a business that I actually started doing, okay? - Wow, that's incredible. What an incredible grit as well. What was so interesting about to your stories

and game will be great to hear your point of view, is to your story. So where you born, yeah, I was born. - Okay, so you born here, okay. So because I would say that both your parents

took massive risks to come here. - To come here, even if you, that initial struggle, the end goal or the end outcome was that they took the risk and outcome was positive.

It's not always, we can't always say it's always gonna be positive,

but that was the risk for them, right? - It's interesting to know what's going on. - But the difference is, as Mal saw his parents going to work through the business, and that direction of where to reinvest in,

you knew that they had money to reinvest. Mine wasn't, there wasn't any money to reinvest, it was council house, it was free school mills,

“and that is what I saw, and that's what I thought was normal.”

- Okay, so you fought, like your ceiling was a bit... - It was the men in shock, absolutely low, because I, like I said, a lot when I came last time. I thought everyone was given a house by the council. I didn't know you could actually have your own house.

- Yeah, so that was my reality. - Right, okay. - Until I saw different. - Okay, they listed this podcast, they know what do, they know what the reality is, I know what we're going for. - Yeah, that's so beautiful, yeah, you know.

'Cause risk is such an interesting thing. I do agree with you that people shouldn't take unnecessary risk and do things where, you know, it doesn't make sense, but also do things. People should take a little bit of risk.

Don't play it safe in life, especially when you're young, right? Don't do something where it's the extreme, like you're saying, where it's going to impact your mental health, but if you can take, do something a little bit. - Okay, okay, okay, okay, okay, okay, okay, okay.

- Right, I'd rather somebody do something, and say, okay, that it work out, than not doing it in the regret, like, why didn't I give it a real good, especially in the study that we're in,

where like, like you said, like, we've got AI, I can help you to do a business plan. You've got an idea, you cannot say, okay, pick up the holes in this idea, what could go wrong, who are my competitors, blah, blah, blah, blah.

You never had anything like that before.

You had to literally try and figure it out yourself. So, you know, like you knew what I was saying, this is an opportunity, but for those that don't take that opportunity, sometimes, I feel like you'll, kind of will leave people behind even more,

“and I think that's what we'll probably see”

that people will be left way more behind, because those who are willing to take risk have more power. Now, in my opinion, right, you know, AI, which is going to give you that. So, I think you need to normalize make a mistake

and get it wrong. Exactly. - So, it's a shame, like, attached to making a mistake. - Exactly.

- Closing ground if it's good. - Yeah. - Like, oh my God, you got three questions wrong, you didn't do that. - Exactly, exactly.

- It's just not good enough if you need to do better, and this is wrong, and that's wrong. And this is, like, some of the biggest mistakes that ever made a look back on of some of the most valuable lessons that probably ever had, yeah.

- Yeah. - And, like, at the time, something you don't appreciate what that's turning you into and how that's galvanized, and you'll turn you in the individual that you've become further down the line,

and we'll need to normalize making those mistakes. And I've kind of done it, do it with my kids as well. I'm like, listen, you're going to make mistake, and you're going to cock things up. - Yeah.

- And I will order this one, bless them. He's at the forefront of it, 'cause he's like, making all the mistakes for everybody else. - Yeah. - That's a different kind of pressure as well.

and he's done that, so you probably aren't going to do that, or we act different, he's parents. Fourth one, she's got a great ol' life,

“because everyone else is just cockin' out.”

(laughing) - Watching all unfolds. (laughing) - Okay, so my final question to you all is, what's the one thing every young person watching,

this should start doing right now, if they want to build 12 into any 26. Not even just young people, anybody who wants to build 12, put your phone to use, like, use your social media

or a advantage. - Okay, okay, if you're gonna be sitting and looking at dogs, dancing, and calfers, hats, on, like, listen, spend, like, 10 minutes of your day, just looking at something that's gonna be useful, like, a totally developed visit person,

whether that is soft skills, hard skills, property, investment, entrepreneurship, stuff that you're learning about at school, just spend a bit of time looking at it, and that was a really petty drop moment for me, 'cause I'm gonna be sitting one night,

and looking at me screen time was, like, four and a half hours for the days, the years are going on, like, I could be spent four and a half hours, getting like a better as an individual, better as a person, and I could probably generate money from this phone, as well.

That's how I got the social media, I started doing it, I was just literally from that, in your car. - Totally a group in data, look at data, what a business is the, what are they doing now, what is the demand, how can I get ahead of the curve,

what do people actually need? I just love that people when I was in college, who don't I teach themselves, that's so geeky. But people who are doing I teach now, I don't want to absolutely thrive in the ones

who understand businesses, understand codes, those are the ones who are thriving, look at what you can do to better yourself, not just now, think of long term, think of the long term,

and not just think that you're gonna be young forever, because they're great here, we'll come quickly. - Okay, yeah, thank you so much. - I thank for me as very simple, EI is the future, you've got to embrace it.

Now we're just at the dawn of EI,

“and I think no one really knows how it's going to transpire,”

how it's going to evolve. So I think if you're in that space, just know, get ahead of the game, and then when it does evolve, then to whatever it involves and to at least your best place to capitalise on it.

- Yeah, and I think that's it. Use A-ites as well for tuning these. I use A-ites as well for tuning these all the time, whether it's investment of a tuning,

or business of a tuning is always okay.

So I'm planning to do this idea, what do you think, is that, and it'll just come up with this. So I think it's like, it's a very useful tool, but remember, it is a tool at end of the day, it's improving faster.

I mean, what we own, 5.1, is it? Check it, see what I mean by that. - I'll give you an example. - Yeah. - After this, I'm going to go meet somebody,

where we're going on a proposition for a business, like, consider too much about at this point in time. Like, I've used AI to run a series of reports and built them all together. That reports 25 pages long on this business,

strengths, tweaks, opportunities, threats, reports, five sources, lots of different stuff, but look into this. 10 years ago, you would've had to pay a consultant to a 300 gram for that with you.

And I have just used the right prompt, the right information, and fed it into this system. And with a half an hour, I've got that level of how it works. - Exactly, that's it.

“- And you haven't spent two or just three hundred, okay?”

(laughing) - All right, so we've got a really good snapshot on a base level of what we can do for this company and how we can help them. - And it's going to take us all to once,

but that's it. (laughing) - Thank you all so much for the really contributing to this conversation. I'm looking forward to seeing what 2026 is. We're recording this in 2025,

but hopefully it's going to be valuable to those people, especially those really wanting to change their lives. I'd rather start with you where I can people find you if they want to let you go. - On TikTok, at Arj Malmistak, just be careful,

there are quite a lot of scam accounts selling you crypto, I don't sell crypto at all.

So, TikTok is where I'm at. - Okay, amazing.

Thank you to you guys. - And I'm on TikTok and on Instagram, property by Jules and it's Julesis Belt, J-E-W-E-L-S. - I'm on all of them, I'm a tart.

So, if you don't see or I do the money man across all the social media channels, you can dig me out there. - Okay. - And I'll start with you in what would be your final message

to those watching and listening. Like watch stuff like this. Like just subscribe to this channel, watch it absorb it, you will learn a hell of a lot just from an hour of a week

of watching episodes like this. And then, built from there. - I see you starting point. - Make sure to shout out every to you. See you later on.

- To say, educate yourself, educate yourself a point. On any sects that you're interested in, educate yourself, there's so much information out there. I know it can be overwhelming, but just start somewhere, start small,

but start somewhere. - Yeah, that's right. - Same, there is so much free information. You can do anything in the world. You've got so much access to all of the videos,

tutorials, your name, it would be foolish to not take advantage of all of that free material.

- Amazing, thank you all again.

Like I really appreciate you. I should say, this is our second time channel recording. So I'm going to say this on camera because you know, thanks to all these great people for firstly pushing me to it.

It's just like it was getting crazy,

but thank you again for just taking the time to come back and record this.

“Cause I think it's a very valuable conversation”

for everybody.

It's going to really, really help them.

And the impact is there. Like I do get comments from people saying, you know, this has changed my life.

I've learned this, I've done this

and I've met people like, you know, I like connect to people.

“In real life, especially when I'm at events”

and I meet people, this does so, you know, again, thank you for what each of you all do keep on doing what you're doing. And yeah, I wish you more success in 2020, six.

“Thank you for tuning into this week's episode.”

And we'll see you next week's episode. If you enjoyed this episode, share your favorite part in the comments, tap the like button and subscribe to the channel. Your support is really appreciate.

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