there<00:00:00.160> are<00:00:00.359> more<00:00:00.560> food<00:00:00.799> banks<00:00:01.120> than

there are more food banks than

there are more food banks than McDonald's<00:00:01.760> in<00:00:01.839> the

McDonald's in the

McDonald's in the UK<00:00:03.639> and<00:00:04.040> when<00:00:04.200> I<00:00:04.319> heard<00:00:04.640> that<00:00:04.880> I<00:00:04.960> just<00:00:05.120> thought

UK and when I heard that I just thought

UK and when I heard that I just thought I<00:00:05.759> I<00:00:05.879> don't<00:00:06.359> I<00:00:06.520> can't<00:00:07.359> continue<00:00:07.759> being<00:00:08.120> part<00:00:08.320> of

I I don't I can't continue being part of

I I don't I can't continue being part of this<00:00:09.000> system<00:00:09.599> which<00:00:09.760> is<00:00:10.000> essentially

this system which is essentially

this system which is essentially designed<00:00:11.040> to<00:00:11.360> keep<00:00:12.320> concentrating<00:00:13.240> wealth

designed to keep concentrating wealth

designed to keep concentrating wealth and<00:00:14.120> minimizing

tax<00:00:20.480> all<00:00:20.600> right<00:00:20.880> Steph<00:00:21.160> brbie<00:00:21.840> I've<00:00:21.960> been

tax all right Steph brbie I've been

tax all right Steph brbie I've been trying<00:00:22.240> to<00:00:22.320> get<00:00:22.480> on<00:00:22.560> the<00:00:22.640> channel<00:00:22.880> for<00:00:23.039> ages

trying to get on the channel for ages

trying to get on the channel for ages thanks<00:00:23.680> for<00:00:24.680> coming<00:00:24.920> and<00:00:25.039> agreeing<00:00:25.320> to<00:00:25.439> do<00:00:25.599> the

thanks for coming and agreeing to do the

thanks for coming and agreeing to do the show<00:00:26.119> thanks<00:00:26.320> for<00:00:26.480> having<00:00:26.720> me<00:00:27.640> um<00:00:28.640> so<00:00:29.160> as<00:00:29.240> you

show thanks for having me um so as you

show thanks for having me um so as you know<00:00:29.519> on<00:00:29.599> the<00:00:29.679> channel<00:00:29.960> we<00:00:30.080> talk<00:00:30.240> a<00:00:30.320> lot<00:00:30.480> about

know on the channel we talk a lot about

know on the channel we talk a lot about the<00:00:31.320> rich<00:00:31.960> and<00:00:32.119> about<00:00:32.439> tax<00:00:33.320> and<00:00:33.600> your

the rich and about tax and your

the rich and about tax and your background<00:00:34.320> is<00:00:34.840> you<00:00:35.040> are<00:00:35.559> a<00:00:35.760> tax<00:00:36.000> adviser<00:00:36.360> for

background is you are a tax adviser for

background is you are a tax adviser for the<00:00:36.559> very<00:00:36.719> wealthy<00:00:37.079> so<00:00:37.480> I<00:00:37.559> was<00:00:37.719> hoping<00:00:38.719> you

the very wealthy so I was hoping you

the very wealthy so I was hoping you could<00:00:40.320> help<00:00:40.640> educate<00:00:41.000> our<00:00:41.120> audience<00:00:41.440> a<00:00:41.559> little

could help educate our audience a little

could help educate our audience a little bit<00:00:41.960> about<00:00:42.520> what<00:00:42.680> life<00:00:42.879> is<00:00:43.000> like<00:00:43.160> for<00:00:43.280> the<00:00:43.440> very

bit about what life is like for the very

bit about what life is like for the very rich<00:00:44.160> and<00:00:44.360> their<00:00:44.559> tax<00:00:44.840> situation<00:00:45.480> so<00:00:45.760> um<00:00:46.559> could

rich and their tax situation so um could

rich and their tax situation so um could you<00:00:46.800> tell<00:00:46.920> us<00:00:47.039> a<00:00:47.120> little<00:00:47.280> bit<00:00:47.440> about<00:00:47.640> your

you tell us a little bit about your

you tell us a little bit about your background<00:00:48.360> and<00:00:48.800> and<00:00:48.879> what<00:00:48.960> you<00:00:49.039> used<00:00:49.160> to<00:00:49.320> do

background and and what you used to do

background and and what you used to do yeah<00:00:50.480> um<00:00:51.039> so<00:00:51.280> I<00:00:51.440> grew<00:00:51.719> up<00:00:52.120> in<00:00:52.600> West<00:00:52.840> London<00:00:53.280> my

yeah um so I grew up in West London my

yeah um so I grew up in West London my parents<00:00:53.680> are<00:00:53.840> G<00:00:54.199> and<00:00:54.640> migrants<00:00:55.640> they<00:00:55.800> came

parents are G and migrants they came

parents are G and migrants they came here<00:00:56.120> in<00:00:56.239> the<00:00:56.359> 1980s<00:00:57.280> and<00:00:57.440> I<00:00:57.520> grew<00:00:57.760> up<00:00:58.519> uh<00:00:58.840> on<00:00:58.960> a

here in the 1980s and I grew up uh on a

here in the 1980s and I grew up uh on a counsil<00:00:59.640> state<00:01:00.320> um<00:01:00.559> with<00:01:00.800> my<00:01:01.039> three<00:01:01.359> siblings

counsil state um with my three siblings

counsil state um with my three siblings and<00:01:02.519> my<00:01:02.719> parents<00:01:03.480> and<00:01:04.159> um<00:01:05.159> lived<00:01:05.600> in<00:01:05.880> a<00:01:06.000> kind<00:01:06.119> of

and my parents and um lived in a kind of

and my parents and um lived in a kind of regular<00:01:06.840> working-class<00:01:07.479> community<00:01:08.240> in<00:01:08.799> kind

regular working-class community in kind

regular working-class community in kind of<00:01:08.960> Shephard's<00:01:09.360> B<00:01:09.680> and<00:01:09.799> then<00:01:09.880> moved<00:01:10.080> to

of Shephard's B and then moved to

of Shephard's B and then moved to Hammersmith<00:01:10.640> when<00:01:10.720> I<00:01:10.799> was<00:01:10.920> about<00:01:11.119> 12<00:01:11.960> still<00:01:12.240> in

Hammersmith when I was about 12 still in

Hammersmith when I was about 12 still in social<00:01:12.799> housing<00:01:13.400> but<00:01:13.600> then<00:01:13.840> I<00:01:13.960> kind<00:01:14.080> of<00:01:14.200> moved

social housing but then I kind of moved

social housing but then I kind of moved onto<00:01:14.840> a<00:01:15.080> really<00:01:15.400> really<00:01:16.000> fancy<00:01:16.400> Street<00:01:17.080> in

onto a really really fancy Street in

onto a really really fancy Street in Hammersmith<00:01:17.880> which<00:01:18.000> was<00:01:18.159> kind<00:01:18.280> of<00:01:18.479> my<00:01:18.840> first

Hammersmith which was kind of my first

Hammersmith which was kind of my first experience<00:01:20.680> of<00:01:20.960> wealth<00:01:21.320> and<00:01:21.960> privilege<00:01:22.960> um

experience of wealth and privilege um

experience of wealth and privilege um and<00:01:24.320> that's<00:01:24.520> actually<00:01:24.720> how<00:01:24.880> I<00:01:25.000> ended<00:01:25.240> up

and that's actually how I ended up

and that's actually how I ended up getting<00:01:25.920> work<00:01:26.240> experience<00:01:26.720> through<00:01:26.920> meeting

getting work experience through meeting

getting work experience through meeting people<00:01:27.640> locally<00:01:28.520> okay<00:01:28.759> um<00:01:28.880> so<00:01:29.119> really<00:01:29.600> kind<00:01:29.680> of

people locally okay um so really kind of

people locally okay um so really kind of changed<00:01:30.840> um<00:01:31.079> the<00:01:31.240> trajectory<00:01:31.720> of<00:01:31.880> my<00:01:32.079> life

changed um the trajectory of my life

changed um the trajectory of my life just<00:01:32.560> moving<00:01:32.960> off<00:01:33.119> an<00:01:33.360> estate<00:01:34.040> onto<00:01:35.280> um<00:01:36.280> a

just moving off an estate onto um a

just moving off an estate onto um a street<00:01:36.799> in<00:01:36.960> Hammersmith<00:01:37.600> that's<00:01:37.680> a<00:01:37.759> bit

street in Hammersmith that's a bit

street in Hammersmith that's a bit similar<00:01:38.200> to<00:01:38.280> me<00:01:38.399> in<00:01:38.479> a<00:01:38.600> sense<00:01:38.880> cuz<00:01:39.119> I<00:01:39.799> when<00:01:39.960> I

similar to me in a sense cuz I when I

similar to me in a sense cuz I when I was<00:01:40.280> 10<00:01:40.520> I<00:01:40.680> passed<00:01:40.920> my<00:01:41.000> 11<00:01:41.280> plus<00:01:41.479> I<00:01:41.560> went<00:01:41.680> to

was 10 I passed my 11 plus I went to

was 10 I passed my 11 plus I went to grammar<00:01:42.079> school<00:01:42.720> and<00:01:43.000> um<00:01:43.560> I<00:01:43.640> don't<00:01:43.799> think<00:01:43.920> I

grammar school and um I don't think I

grammar school and um I don't think I ever<00:01:44.119> would<00:01:44.240> have<00:01:44.320> become<00:01:44.479> a<00:01:44.560> Trader<00:01:44.840> if<00:01:44.920> it

ever would have become a Trader if it

ever would have become a Trader if it wasn't<00:01:45.200> for<00:01:45.439> the<00:01:45.600> the<00:01:45.680> kids<00:01:45.920> that<00:01:46.320> there<00:01:46.640> who

wasn't for the the kids that there who

wasn't for the the kids that there who they<00:01:47.360> sort<00:01:47.520> of<00:01:47.600> knew<00:01:47.759> in<00:01:47.880> the<00:01:48.040> family<00:01:48.399> these

they sort of knew in the family these

they sort of knew in the family these are<00:01:48.680> the<00:01:48.799> best<00:01:49.000> jobs<00:01:49.479> that's<00:01:49.640> what<00:01:49.759> ended<00:01:50.000> up

are the best jobs that's what ended up

are the best jobs that's what ended up there<00:01:50.640> yeah<00:01:50.920> so<00:01:51.159> that<00:01:51.439> is<00:01:51.600> what<00:01:52.079> sort<00:01:52.280> of

there yeah so that is what sort of

there yeah so that is what sort of pushed<00:01:52.680> you<00:01:52.799> to<00:01:52.920> go<00:01:53.119> into<00:01:53.600> the<00:01:53.759> area<00:01:54.000> went<00:01:54.159> into

pushed you to go into the area went into

pushed you to go into the area went into well<00:01:55.119> I<00:01:55.439> I<00:01:55.520> was<00:01:55.640> always<00:01:55.840> really<00:01:56.000> passionate

well I I was always really passionate

well I I was always really passionate about<00:01:56.600> Justice<00:01:57.360> and<00:01:57.880> um<00:01:58.159> I<00:01:58.240> wanted<00:01:58.479> to<00:01:58.560> become

about Justice and um I wanted to become

about Justice and um I wanted to become a<00:01:58.840> human<00:01:59.079> rights<00:01:59.320> lawyer<00:02:00.000> and<00:02:00.159> actually

a human rights lawyer and actually

a human rights lawyer and actually someone<00:02:00.640> on<00:02:00.759> my<00:02:00.880> street<00:02:01.159> owned<00:02:01.479> a<00:02:01.560> law<00:02:01.840> firm

someone on my street owned a law firm

someone on my street owned a law firm super<00:02:03.200> casual<00:02:04.200> and<00:02:04.479> she<00:02:05.479> kind<00:02:05.600> of<00:02:05.759> arranged

super casual and she kind of arranged

super casual and she kind of arranged for<00:02:06.159> me<00:02:06.280> to<00:02:06.360> have<00:02:06.520> work<00:02:07.119> experience<00:02:08.479> and<00:02:09.479> um

for me to have work experience and um

for me to have work experience and um you<00:02:09.959> know<00:02:10.080> I<00:02:10.200> went<00:02:10.319> to<00:02:10.440> study<00:02:10.720> law<00:02:10.959> at

you know I went to study law at

you know I went to study law at University<00:02:11.680> at<00:02:11.800> ciff<00:02:12.480> University<00:02:13.480> and<00:02:13.640> to<00:02:13.720> be

University at ciff University and to be

University at ciff University and to be honest<00:02:14.280> when<00:02:14.599> I<00:02:14.680> was<00:02:14.840> studying<00:02:15.319> for<00:02:15.440> my<00:02:15.560> law

honest when I was studying for my law

honest when I was studying for my law degree<00:02:16.160> I<00:02:16.280> wasn't<00:02:16.720> really<00:02:17.280> into<00:02:17.519> I<00:02:17.599> wasn't

degree I wasn't really into I wasn't

degree I wasn't really into I wasn't sure<00:02:18.120> I<00:02:18.239> was<00:02:18.680> going<00:02:18.800> to<00:02:19.120> end<00:02:19.280> up<00:02:19.440> qualifying<00:02:19.959> as

sure I was going to end up qualifying as

sure I was going to end up qualifying as as<00:02:20.400> a<00:02:20.879> solicor<00:02:21.879> I<00:02:22.080> thought<00:02:22.239> I<00:02:22.319> might<00:02:22.480> end<00:02:22.599> up<00:02:22.760> as

as a solicor I thought I might end up as

as a solicor I thought I might end up as a<00:02:22.959> civil<00:02:23.200> servant<00:02:23.640> or<00:02:23.879> something<00:02:24.840> um<00:02:25.840> and<00:02:26.239> but

a civil servant or something um and but

a civil servant or something um and but what<00:02:26.840> ended<00:02:27.080> up<00:02:27.319> happening<00:02:27.760> was<00:02:27.959> that<00:02:28.319> I

what ended up happening was that I

what ended up happening was that I qualified<00:02:29.480> as<00:02:29.599> a<00:02:30.120> a<00:02:30.400> a<00:02:30.560> solicor<00:02:30.959> I<00:02:31.080> went<00:02:31.200> to

qualified as a a a solicor I went to

qualified as a a a solicor I went to train<00:02:31.760> in<00:02:31.879> the<00:02:32.040> city<00:02:32.560> as<00:02:32.640> a<00:02:32.840> solicor<00:02:33.840> got

train in the city as a solicor got

train in the city as a solicor got training<00:02:34.400> contract<00:02:35.040> which<00:02:35.160> is<00:02:35.280> like<00:02:35.560> really

training contract which is like really

training contract which is like really competitive<00:02:36.599> everybody<00:02:36.920> tells<00:02:37.120> you<00:02:37.239> it's<00:02:37.360> so

competitive everybody tells you it's so

competitive everybody tells you it's so competitive<00:02:39.120> um<00:02:39.840> and<00:02:40.440> yeah<00:02:40.800> that<00:02:40.959> was<00:02:41.280> my<00:02:41.800> kind

competitive um and yeah that was my kind

competitive um and yeah that was my kind of

of

of first<00:02:44.040> experience<00:02:44.680> kind<00:02:44.760> of<00:02:44.920> lived

first experience kind of lived

first experience kind of lived experience<00:02:46.000> of<00:02:46.319> what<00:02:46.440> it's<00:02:46.720> like<00:02:47.000> to<00:02:47.400> have

experience of what it's like to have

experience of what it's like to have proximity<00:02:48.159> to<00:02:48.400> wealth<00:02:48.760> and<00:02:48.879> to<00:02:49.080> kind<00:02:49.280> of<00:02:50.280> um

proximity to wealth and to kind of um

proximity to wealth and to kind of um yeah<00:02:52.080> witness<00:02:53.080> how<00:02:53.280> much<00:02:53.560> wealth<00:02:53.920> people<00:02:54.159> have

yeah witness how much wealth people have

yeah witness how much wealth people have access<00:02:54.680> to<00:02:54.920> and<00:02:55.080> not<00:02:55.800> just<00:02:56.800> property<00:02:57.239> and

access to and not just property and

access to and not just property and assets<00:02:58.000> but<00:02:58.200> like<00:02:58.959> social<00:02:59.440> capital<00:03:00.159> and<00:03:00.319> kind

assets but like social capital and kind

assets but like social capital and kind of<00:03:00.599> cultural

of cultural

of cultural capital<00:03:03.239> so<00:03:03.440> we<00:03:03.599> talk<00:03:03.799> on<00:03:03.959> this<00:03:04.080> channel<00:03:04.360> about

capital so we talk on this channel about

capital so we talk on this channel about wealth<00:03:04.879> a<00:03:05.080> lot<00:03:06.080> and<00:03:06.440> um<00:03:07.040> one<00:03:07.280> thing

wealth a lot and um one thing

wealth a lot and um one thing that<00:03:09.440> I<00:03:09.519> think<00:03:09.680> it's<00:03:09.799> important<00:03:10.080> for<00:03:10.200> people

that I think it's important for people

that I think it's important for people to<00:03:10.519> realize

to realize

to realize is<00:03:13.239> so<00:03:13.720> we<00:03:13.840> were<00:03:14.000> talking<00:03:14.200> about<00:03:14.400> this<00:03:14.519> before

is so we were talking about this before

is so we were talking about this before and<00:03:14.879> I<00:03:15.000> speak<00:03:15.200> about<00:03:15.360> it<00:03:15.440> in<00:03:15.480> my<00:03:15.599> video<00:03:15.959> what<00:03:16.040> is

and I speak about it in my video what is

and I speak about it in my video what is wealth<00:03:16.560> when<00:03:16.720> I<00:03:16.799> was<00:03:16.959> a<00:03:17.159> kid<00:03:17.599> my<00:03:17.760> sort<00:03:17.959> of

wealth when I was a kid my sort of

wealth when I was a kid my sort of perception<00:03:19.239> of<00:03:19.599> what<00:03:19.760> a<00:03:19.879> rich<00:03:20.159> person<00:03:20.720> is<00:03:21.720> is

perception of what a rich person is is

perception of what a rich person is is somebody<00:03:22.239> who<00:03:22.360> earns<00:03:22.680> like<00:03:22.879> 60<00:03:23.799> 70<00:03:24.080> grand<00:03:24.319> a

somebody who earns like 60 70 grand a

somebody who earns like 60 70 grand a year<00:03:24.560> like<00:03:24.680> when<00:03:24.760> I<00:03:24.879> was<00:03:25.000> a<00:03:25.120> kid<00:03:25.280> that<00:03:25.400> was<00:03:25.599> like

year like when I was a kid that was like

year like when I was a kid that was like you<00:03:26.640> have<00:03:26.799> that<00:03:26.959> you're<00:03:27.080> super<00:03:27.319> super<00:03:27.760> rich<00:03:28.760> um

you have that you're super super rich um

you have that you're super super rich um and<00:03:32.040> I<00:03:32.159> want<00:03:32.280> to<00:03:32.400> talk<00:03:32.680> about<00:03:32.879> a<00:03:32.959> little<00:03:33.159> bit

and I want to talk about a little bit

and I want to talk about a little bit about<00:03:34.280> what<00:03:34.760> what<00:03:35.159> it<00:03:35.280> means<00:03:35.519> to<00:03:35.640> be<00:03:35.840> rich<00:03:36.080> and

about what what it means to be rich and

about what what it means to be rich and what<00:03:36.439> are<00:03:36.599> the<00:03:36.680> different<00:03:36.920> kinds<00:03:37.120> of<00:03:37.280> Rich

what are the different kinds of Rich

what are the different kinds of Rich what<00:03:37.879> rich<00:03:38.200> is<00:03:38.599> because<00:03:39.080> um<00:03:39.879> this<00:03:40.000> is<00:03:40.080> a

what rich is because um this is a

what rich is because um this is a question<00:03:40.480> we<00:03:40.599> get<00:03:40.879> all<00:03:41.040> the<00:03:41.200> time<00:03:41.360> on<00:03:41.480> the

question we get all the time on the

question we get all the time on the channel<00:03:42.040> right<00:03:42.760> what<00:03:43.760> what<00:03:43.959> level<00:03:44.200> what<00:03:44.280> is

channel right what what level what is

channel right what what level what is Rich<00:03:44.680> what<00:03:44.760> do<00:03:44.840> you<00:03:44.920> mean<00:03:45.120> by<00:03:45.280> Rich<00:03:45.720> and<00:03:46.159> you

Rich what do you mean by Rich and you

Rich what do you mean by Rich and you know<00:03:46.599> I<00:03:46.720> talk<00:03:47.000> quite<00:03:47.120> a<00:03:47.239> bit<00:03:47.400> about<00:03:47.599> my<00:03:47.760> sort<00:03:47.959> of

know I talk quite a bit about my sort of

know I talk quite a bit about my sort of personal<00:03:49.000> level<00:03:49.239> of<00:03:49.400> wealth<00:03:49.720> in<00:03:49.840> the<00:03:49.959> media

personal level of wealth in the media

personal level of wealth in the media and<00:03:50.760> so<00:03:51.040> you<00:03:51.159> know<00:03:51.519> my<00:03:51.799> background<00:03:52.720> come<00:03:52.959> from

and so you know my background come from

and so you know my background come from a<00:03:53.200> similar<00:03:53.480> sort<00:03:53.640> of<00:03:53.760> background<00:03:54.040> to<00:03:54.159> you<00:03:54.360> I

a similar sort of background to you I

a similar sort of background to you I was<00:03:55.159> pretty<00:03:55.400> poor<00:03:55.640> growing<00:03:55.959> up<00:03:56.560> I<00:03:56.680> got<00:03:56.799> a<00:03:56.879> job

was pretty poor growing up I got a job

was pretty poor growing up I got a job in<00:03:57.120> the<00:03:57.200> city<00:03:57.400> I<00:03:57.480> made<00:03:57.640> quite<00:03:57.799> a<00:03:57.840> lot<00:03:57.959> of<00:03:58.040> money

in the city I made quite a lot of money

in the city I made quite a lot of money quickly<00:03:59.360> um<00:04:00.000> now<00:04:00.239> I've<00:04:00.439> quit<00:04:00.720> that<00:04:00.879> and<00:04:01.000> I<00:04:01.079> do

quickly um now I've quit that and I do

quickly um now I've quit that and I do this<00:04:01.360> sort<00:04:01.560> of<00:04:01.640> job<00:04:01.840> all<00:04:01.959> the<00:04:02.120> time<00:04:02.519> and<00:04:02.840> I'm

this sort of job all the time and I'm

this sort of job all the time and I'm able<00:04:03.159> to<00:04:03.280> live<00:04:03.439> off<00:04:03.599> of<00:04:03.760> that<00:04:03.879> money<00:04:04.120> that<00:04:04.200> I

able to live off of that money that I

able to live off of that money that I made<00:04:04.640> but<00:04:04.760> I'm<00:04:04.840> not<00:04:04.959> able<00:04:05.120> to<00:04:05.239> live<00:04:05.400> like<00:04:05.519> a

made but I'm not able to live like a

made but I'm not able to live like a super<00:04:06.000> luxurious<00:04:06.720> life

super luxurious life

super luxurious life um<00:04:09.680> but<00:04:09.840> I<00:04:09.959> don't<00:04:10.159> really<00:04:10.400> have<00:04:10.720> experience

um but I don't really have experience

um but I don't really have experience personally<00:04:12.319> of<00:04:12.640> what<00:04:13.120> what<00:04:13.239> I<00:04:13.360> would<00:04:13.560> call

personally of what what I would call

personally of what what I would call Super<00:04:14.159> Rich<00:04:15.159> which<00:04:15.280> is<00:04:15.439> people<00:04:15.799> who<00:04:16.120> have

Super Rich which is people who have

Super Rich which is people who have wealth<00:04:17.600> in<00:04:17.759> the<00:04:17.919> sort<00:04:18.120> of<00:04:18.560> tens<00:04:18.840> of<00:04:19.079> millions

wealth in the sort of tens of millions

wealth in the sort of tens of millions such<00:04:20.320> that<00:04:20.479> even<00:04:20.680> without<00:04:21.000> working<00:04:21.720> they<00:04:21.880> can

such that even without working they can

such that even without working they can make<00:04:22.240> incomes<00:04:22.800> in<00:04:22.919> the<00:04:23.040> sort<00:04:23.160> of<00:04:23.280> hundreds<00:04:23.560> of

make incomes in the sort of hundreds of

make incomes in the sort of hundreds of thousands<00:04:24.320> and<00:04:24.440> live<00:04:24.639> luxurious<00:04:25.240> lives<00:04:25.720> so

thousands and live luxurious lives so

thousands and live luxurious lives so were<00:04:26.880> you<00:04:27.080> working<00:04:27.440> with<00:04:27.639> people<00:04:27.880> at<00:04:28.440> sort<00:04:28.600> of

were you working with people at sort of

were you working with people at sort of that<00:04:28.880> level<00:04:29.160> of<00:04:29.400> of<00:04:29.520> wealth

that level of of wealth

that level of of wealth yeah<00:04:30.800> it<00:04:30.880> was<00:04:31.039> actually<00:04:31.240> a<00:04:31.400> real<00:04:31.680> mixture<00:04:32.199> of

yeah it was actually a real mixture of

yeah it was actually a real mixture of people<00:04:32.960> some<00:04:33.199> were<00:04:33.840> very<00:04:34.160> very<00:04:34.400> wealthy<00:04:34.759> in

people some were very very wealthy in

people some were very very wealthy in the<00:04:35.000> tens<00:04:35.199> of<00:04:35.360> millions<00:04:35.880> and<00:04:36.520> a<00:04:36.639> lot<00:04:36.840> more<00:04:37.600> and

the tens of millions and a lot more and

the tens of millions and a lot more and some<00:04:38.280> were<00:04:38.680> I<00:04:38.800> guess<00:04:38.960> what<00:04:39.120> we<00:04:39.240> would<00:04:39.520> consider

some were I guess what we would consider

some were I guess what we would consider maybe<00:04:41.120> you<00:04:41.199> know<00:04:41.360> in<00:04:41.479> London<00:04:42.160> in<00:04:42.360> particular

maybe you know in London in particular

maybe you know in London in particular we<00:04:43.199> don't<00:04:43.400> tend<00:04:43.600> to<00:04:43.720> think<00:04:43.880> of<00:04:44.080> this<00:04:44.240> amount<00:04:44.440> of

we don't tend to think of this amount of

we don't tend to think of this amount of money<00:04:44.840> as<00:04:45.080> a<00:04:45.199> lot<00:04:45.360> of<00:04:45.479> money<00:04:45.880> because<00:04:46.400> a<00:04:46.520> lot<00:04:46.639> of

money as a lot of money because a lot of

money as a lot of money because a lot of people's<00:04:47.000> houses<00:04:47.320> are<00:04:47.479> worth<00:04:47.720> a<00:04:47.800> few<00:04:48.000> million

people's houses are worth a few million

people's houses are worth a few million but<00:04:48.919> the<00:04:49.120> top<00:04:49.360> I<00:04:49.440> think<00:04:49.560> it's<00:04:49.840> the<00:04:50.039> top<00:04:50.479> 1%

but the top I think it's the top 1%

but the top I think it's the top 1% richest<00:04:51.680> households<00:04:52.160> in<00:04:52.280> the<00:04:52.400> UK<00:04:52.800> have<00:04:52.960> net

richest households in the UK have net

richest households in the UK have net wealth<00:04:53.360> of<00:04:53.479> 3.6<00:04:54.400> million<00:04:55.400> um<00:04:55.880> which<00:04:56.160> doesn't

wealth of 3.6 million um which doesn't

wealth of 3.6 million um which doesn't sound<00:04:56.880> like<00:04:57.039> a<00:04:57.160> lot<00:04:57.320> to<00:04:57.479> some<00:04:57.600> of<00:04:57.759> us<00:04:58.039> but

sound like a lot to some of us but

sound like a lot to some of us but obviously<00:04:58.720> it<00:04:58.800> is<00:04:58.919> a<00:04:59.000> lot<00:04:59.120> of<00:04:59.199> money<00:04:59.919> so<00:05:00.840> any

obviously it is a lot of money so any

obviously it is a lot of money so any anywhere<00:05:01.560> between<00:05:02.000> that<00:05:02.240> kind<00:05:02.400> of<00:05:03.039> um<00:05:03.400> that

anywhere between that kind of um that

anywhere between that kind of um that kind<00:05:03.680> of<00:05:04.080> upwards<00:05:04.479> of<00:05:04.759> 3.6<00:05:05.400> million<00:05:05.759> you<00:05:05.840> know

kind of upwards of 3.6 million you know

kind of upwards of 3.6 million you know people<00:05:06.240> in<00:05:06.400> the

people in the

people in the 1%<00:05:08.199> and<00:05:09.199> I<00:05:09.280> want<00:05:09.400> to<00:05:09.560> talk<00:05:09.720> a<00:05:09.880> little<00:05:10.039> bit<00:05:10.400> about

1% and I want to talk a little bit about

1% and I want to talk a little bit about these<00:05:10.919> people<00:05:11.320> because<00:05:12.199> you<00:05:12.320> know<00:05:12.520> most

these people because you know most

these people because you know most people<00:05:12.919> don't<00:05:13.199> have<00:05:13.880> much<00:05:14.160> direct<00:05:14.520> experience

people don't have much direct experience

people don't have much direct experience with<00:05:15.039> people<00:05:15.199> at<00:05:15.360> that<00:05:15.520> sort<00:05:15.639> of<00:05:15.759> level<00:05:15.960> of

with people at that sort of level of

with people at that sort of level of wealth<00:05:16.759> um<00:05:17.039> and<00:05:17.160> even<00:05:17.360> me<00:05:17.520> having<00:05:17.720> worked<00:05:18.000> in

wealth um and even me having worked in

wealth um and even me having worked in finance<00:05:19.120> you<00:05:19.280> know<00:05:20.160> I<00:05:20.280> didn't<00:05:20.520> work<00:05:20.720> with<00:05:21.000> many

finance you know I didn't work with many

finance you know I didn't work with many really<00:05:21.840> really<00:05:22.120> rich<00:05:22.400> people<00:05:23.319> one<00:05:23.479> thing<00:05:23.600> I

really really rich people one thing I

really really rich people one thing I always<00:05:23.960> remember<00:05:24.319> when<00:05:24.440> I<00:05:24.520> was<00:05:24.680> quitting<00:05:25.000> the

always remember when I was quitting the

always remember when I was quitting the city<00:05:25.680> is<00:05:26.280> um<00:05:27.280> the<00:05:27.440> bank<00:05:27.680> really<00:05:27.880> really<00:05:28.039> didn't

city is um the bank really really didn't

city is um the bank really really didn't want<00:05:28.319> me<00:05:28.400> to<00:05:28.520> quit<00:05:28.759> and<00:05:28.880> one<00:05:29.000> of<00:05:29.319> the<00:05:29.880> manager

want me to quit and one of the manager

want me to quit and one of the manager took<00:05:30.360> me<00:05:30.479> into<00:05:30.720> a<00:05:30.800> room<00:05:31.000> and<00:05:31.080> he<00:05:31.160> sat<00:05:31.360> me<00:05:31.479> down

took me into a room and he sat me down

took me into a room and he sat me down and<00:05:32.160> he<00:05:32.280> said<00:05:32.479> to<00:05:32.600> me<00:05:33.120> that<00:05:33.280> amount<00:05:33.479> of<00:05:33.560> money

and he said to me that amount of money

and he said to me that amount of money you<00:05:33.960> made<00:05:34.840> you<00:05:35.039> think<00:05:35.240> that's<00:05:35.400> a<00:05:35.520> lot<00:05:35.600> of<00:05:35.680> money

you made you think that's a lot of money

you made you think that's a lot of money but<00:05:36.039> it's<00:05:36.120> not<00:05:36.280> a<00:05:36.360> lot<00:05:36.440> of<00:05:36.560> money<00:05:37.199> you're<00:05:37.360> going

but it's not a lot of money you're going

but it's not a lot of money you're going to<00:05:37.560> run<00:05:37.759> out<00:05:37.880> of<00:05:37.960> money<00:05:38.160> you're<00:05:38.280> going<00:05:38.360> to<00:05:38.440> need

to run out of money you're going to need

to run out of money you're going to need more<00:05:38.800> money<00:05:39.199> and<00:05:39.280> you<00:05:39.400> know<00:05:40.120> I'd<00:05:40.319> made

more money and you know I'd made

more money and you know I'd made millions<00:05:41.280> of<00:05:41.479> pounds<00:05:42.000> right<00:05:42.240> and<00:05:43.080> you<00:05:43.240> know

millions of pounds right and you know

millions of pounds right and you know like<00:05:43.800> I've<00:05:44.560> my<00:05:44.720> dad<00:05:44.840> used<00:05:45.000> to<00:05:45.080> work<00:05:45.199> for<00:05:45.360> about

like I've my dad used to work for about

like I've my dad used to work for about 20<00:05:45.800> grand<00:05:46.000> a<00:05:46.120> year<00:05:46.319> and<00:05:46.400> I<00:05:46.520> remember<00:05:47.039> thinking

20 grand a year and I remember thinking

20 grand a year and I remember thinking no<00:05:48.240> that's<00:05:48.400> a<00:05:48.479> lot<00:05:48.600> of<00:05:48.720> money<00:05:49.280> but<00:05:49.400> I<00:05:49.479> thought

no that's a lot of money but I thought

no that's a lot of money but I thought it<00:05:49.639> was<00:05:49.759> an<00:05:49.880> interesting<00:05:50.400> mindset<00:05:51.400> the<00:05:51.520> way

it was an interesting mindset the way

it was an interesting mindset the way that<00:05:51.840> this<00:05:52.000> guy<00:05:52.160> who<00:05:52.319> I'm<00:05:52.400> sure<00:05:52.639> was<00:05:52.800> richer

that this guy who I'm sure was richer

that this guy who I'm sure was richer than<00:05:53.199> me<00:05:53.400> because<00:05:53.680> he'<00:05:53.800> been<00:05:53.919> working<00:05:54.120> in<00:05:54.199> the

than me because he' been working in the

than me because he' been working in the industry<00:05:54.600> for<00:05:54.720> a<00:05:54.800> lot<00:05:54.919> longer<00:05:55.160> than<00:05:55.560> me<00:05:56.560> he

industry for a lot longer than me he

industry for a lot longer than me he thought<00:05:56.840> it's<00:05:57.000> not<00:05:57.080> a<00:05:57.160> lot<00:05:57.280> of<00:05:57.400> money<00:05:58.639> and<00:05:59.680> how

thought it's not a lot of money and how

thought it's not a lot of money and how do<00:05:59.960> you<00:06:00.160> think<00:06:00.639> these<00:06:00.880> people<00:06:01.160> who<00:06:01.360> have<00:06:01.560> might

do you think these people who have might

do you think these people who have might have<00:06:01.880> wealth<00:06:02.479> of<00:06:02.759> say5<00:06:03.400> million1<00:06:04.360> million<00:06:05.319> how

have wealth of say5 million1 million how

have wealth of say5 million1 million how do<00:06:05.560> you<00:06:05.680> think<00:06:05.919> they

do you think they

do you think they perceive<00:06:08.000> themselves<00:06:08.360> and<00:06:08.520> their<00:06:08.720> level<00:06:08.960> of

perceive themselves and their level of

perceive themselves and their level of wealth<00:06:09.360> and<00:06:09.479> their<00:06:09.599> fam's<00:06:09.960> level<00:06:10.160> of<00:06:10.280> wealth

wealth and their fam's level of wealth

wealth and their fam's level of wealth it's<00:06:10.919> really<00:06:11.240> interesting<00:06:11.800> actually<00:06:12.199> because

it's really interesting actually because

it's really interesting actually because I<00:06:12.560> think<00:06:12.759> there's<00:06:13.000> this<00:06:13.240> whole<00:06:14.000> um<00:06:14.520> you<00:06:14.639> know

I think there's this whole um you know

I think there's this whole um you know people<00:06:15.080> can<00:06:15.199> be<00:06:15.440> a<00:06:15.720> objectively<00:06:16.360> very<00:06:16.720> rich<00:06:17.599> um

people can be a objectively very rich um

people can be a objectively very rich um but<00:06:18.400> they<00:06:18.520> feel<00:06:19.039> poor<00:06:20.039> um<00:06:20.400> there's<00:06:20.639> this

but they feel poor um there's this

but they feel poor um there's this mindset<00:06:21.319> around<00:06:21.639> I<00:06:21.720> guess<00:06:21.840> it's<00:06:22.000> scarcity

mindset around I guess it's scarcity

mindset around I guess it's scarcity right<00:06:22.800> we've<00:06:22.960> been<00:06:23.080> socialized<00:06:23.680> into<00:06:24.000> a

right we've been socialized into a

right we've been socialized into a culture<00:06:24.759> that<00:06:25.680> um<00:06:26.240> says<00:06:26.520> that<00:06:26.639> we<00:06:26.720> should

culture that um says that we should

culture that um says that we should accumulate<00:06:27.360> as<00:06:27.479> much<00:06:27.639> as<00:06:27.800> possible<00:06:28.319> because

accumulate as much as possible because

accumulate as much as possible because you<00:06:29.360> know<00:06:29.840> resources<00:06:30.199> are<00:06:30.400> scarce<00:06:31.240> and<00:06:32.240> um

you know resources are scarce and um

you know resources are scarce and um even<00:06:32.919> very<00:06:33.160> wealthy<00:06:33.520> people<00:06:33.759> will<00:06:33.919> still

even very wealthy people will still

even very wealthy people will still Benchmark<00:06:34.840> themselves<00:06:35.120> against<00:06:35.400> someone

Benchmark themselves against someone

Benchmark themselves against someone like<00:06:35.759> Bill<00:06:36.000> Gates<00:06:36.280> and<00:06:36.400> say<00:06:36.599> well<00:06:36.720> I'm<00:06:36.840> not

like Bill Gates and say well I'm not

like Bill Gates and say well I'm not Bill<00:06:37.319> Gates<00:06:37.680> but<00:06:37.840> there<00:06:38.039> still<00:06:38.360> you<00:06:38.479> know<00:06:38.639> at

Bill Gates but there still you know at

Bill Gates but there still you know at the<00:06:38.800> end<00:06:38.919> of<00:06:39.039> the<00:06:39.120> day<00:06:39.280> in<00:06:39.400> the<00:06:39.520> UK<00:06:39.960> If<00:06:40.080> we<00:06:40.240> know

the end of the day in the UK If we know

the end of the day in the UK If we know that<00:06:41.240> the<00:06:41.400> top<00:06:41.599> 1%<00:06:42.400> households<00:06:43.080> richest

that the top 1% households richest

that the top 1% households richest households<00:06:43.800> in<00:06:43.880> the<00:06:44.000> UK<00:06:44.280> have<00:06:44.560> 3.6<00:06:45.240> million<00:06:46.160> at

households in the UK have 3.6 million at

households in the UK have 3.6 million at the<00:06:46.479> very<00:06:46.680> minimum<00:06:47.199> you<00:06:47.319> know<00:06:47.479> we<00:06:47.599> know<00:06:47.880> that

the very minimum you know we know that

the very minimum you know we know that people<00:06:49.240> have<00:06:49.400> a<00:06:49.479> lot<00:06:49.599> of<00:06:49.800> money<00:06:50.800> um<00:06:51.720> but<00:06:52.120> yeah

people have a lot of money um but yeah

people have a lot of money um but yeah there's<00:06:52.479> this<00:06:52.720> real<00:06:53.000> culture<00:06:53.400> around

there's this real culture around

there's this real culture around scarcity<00:06:55.080> and<00:06:55.960> um<00:06:56.479> the<00:06:56.639> need<00:06:56.919> to<00:06:57.199> preserve<00:06:57.879> the

scarcity and um the need to preserve the

scarcity and um the need to preserve the need<00:06:58.319> to<00:06:58.759> pass<00:06:59.080> down<00:06:59.599> assets<00:06:59.919> to<00:07:00.039> Future

need to pass down assets to Future

need to pass down assets to Future Generations<00:07:02.160> um<00:07:02.560> and<00:07:02.680> it's<00:07:02.919> interesting<00:07:03.479> to

Generations um and it's interesting to

Generations um and it's interesting to see<00:07:04.000> one<00:07:04.160> of<00:07:04.280> that<00:07:04.360> was<00:07:04.479> one<00:07:04.560> of<00:07:04.680> the<00:07:04.800> things

see one of that was one of the things

see one of that was one of the things that<00:07:05.120> I<00:07:05.240> observed<00:07:05.960> during<00:07:06.240> my<00:07:06.400> time<00:07:06.560> in

that I observed during my time in

that I observed during my time in practice<00:07:07.240> was<00:07:07.520> that<00:07:08.400> people<00:07:09.000> didn't<00:07:09.360> feel

practice was that people didn't feel

practice was that people didn't feel wealthy<00:07:11.280> um<00:07:12.280> you<00:07:12.440> know<00:07:12.680> even<00:07:12.919> if<00:07:13.080> they<00:07:13.319> had

wealthy um you know even if they had

wealthy um you know even if they had tens<00:07:13.960> of<00:07:14.120> millions<00:07:14.400> of<00:07:14.680> pounds<00:07:15.680> yeah<00:07:15.960> so<00:07:16.080> it's

tens of millions of pounds yeah so it's

tens of millions of pounds yeah so it's just<00:07:16.400> quite<00:07:16.639> interesting<00:07:17.120> I<00:07:17.199> think<00:07:17.360> the

just quite interesting I think the

just quite interesting I think the narratives<00:07:18.080> around<00:07:18.599> what<00:07:18.840> what<00:07:18.960> is<00:07:19.160> wealth

narratives around what what is wealth

narratives around what what is wealth and<00:07:20.520> what<00:07:20.680> what<00:07:20.800> does<00:07:20.919> it<00:07:21.000> mean<00:07:21.160> to<00:07:21.280> be<00:07:21.479> rich

and what what does it mean to be rich

and what what does it mean to be rich you<00:07:22.120> know<00:07:23.039> yeah<00:07:24.039> um<00:07:24.199> I<00:07:24.280> wanted<00:07:24.440> to<00:07:24.599> ask<00:07:24.759> you<00:07:24.879> a

you know yeah um I wanted to ask you a

you know yeah um I wanted to ask you a little<00:07:25.120> bit<00:07:25.280> about<00:07:25.879> um<00:07:26.639> interaction<00:07:27.120> with

little bit about um interaction with

little bit about um interaction with these<00:07:27.440> people<00:07:27.720> personally<00:07:28.240> because<00:07:28.599> um

these people personally because um

these people personally because um the<00:07:30.440> work<00:07:30.599> you're<00:07:30.759> doing<00:07:31.039> now<00:07:31.479> you<00:07:31.639> do<00:07:31.840> a<00:07:31.919> lot

the work you're doing now you do a lot

the work you're doing now you do a lot of<00:07:32.240> work<00:07:32.879> talking<00:07:33.199> to<00:07:33.639> very<00:07:33.840> wealthy<00:07:34.160> people

of work talking to very wealthy people

of work talking to very wealthy people about<00:07:35.520> how<00:07:35.639> they<00:07:35.759> feel<00:07:35.960> about<00:07:36.160> their<00:07:36.280> wealth

about how they feel about their wealth

about how they feel about their wealth and<00:07:36.720> how<00:07:36.840> they<00:07:36.960> manage<00:07:37.280> their<00:07:37.479> wealth<00:07:37.680> and<00:07:37.800> how

and how they manage their wealth and how

and how they manage their wealth and how they<00:07:38.080> can<00:07:38.199> manage<00:07:38.560> that<00:07:38.720> to<00:07:39.240> help<00:07:39.960> society<00:07:40.960> and

they can manage that to help society and

they can manage that to help society and I've<00:07:41.759> done<00:07:41.879> some<00:07:42.000> stuff<00:07:42.160> with<00:07:42.280> the

I've done some stuff with the

I've done some stuff with the organization<00:07:42.720> so<00:07:42.840> I've<00:07:42.960> met<00:07:43.080> some<00:07:43.199> of<00:07:43.280> these

organization so I've met some of these

organization so I've met some of these people<00:07:43.879> and<00:07:44.159> um<00:07:45.120> I<00:07:45.199> think<00:07:45.360> it's<00:07:45.759> for<00:07:45.919> me<00:07:46.120> what

people and um I think it's for me what

people and um I think it's for me what was<00:07:46.440> interesting

was interesting

was interesting is<00:07:49.360> you<00:07:49.479> know<00:07:49.599> often<00:07:49.840> on<00:07:50.039> my<00:07:50.240> channel<00:07:50.919> I<00:07:51.000> say<00:07:51.159> we

is you know often on my channel I say we

is you know often on my channel I say we need<00:07:51.360> to<00:07:51.479> tax<00:07:51.720> the<00:07:51.840> rich<00:07:52.000> and<00:07:52.120> I<00:07:52.199> say<00:07:52.360> the<00:07:52.479> rich

need to tax the rich and I say the rich

need to tax the rich and I say the rich are<00:07:52.759> damaging<00:07:53.479> Society<00:07:54.879> but<00:07:55.879> when<00:07:56.039> you

are damaging Society but when you

are damaging Society but when you interact<00:07:56.639> with<00:07:56.879> these<00:07:57.039> people<00:07:57.319> I<00:07:57.400> think<00:07:57.520> it's

interact with these people I think it's

interact with these people I think it's important<00:07:58.560> one<00:07:58.720> thing<00:07:58.919> I<00:07:59.000> think<00:07:59.199> is<00:07:59.639> people<00:07:59.759> to

important one thing I think is people to

important one thing I think is people to understand<00:08:00.199> this<00:08:00.400> these<00:08:00.520> are<00:08:00.639> not<00:08:00.840> sort<00:08:01.000> of

understand this these are not sort of

understand this these are not sort of these<00:08:01.759> are<00:08:01.879> not<00:08:02.000> like<00:08:02.120> Bond<00:08:02.400> villain<00:08:03.080> type

these are not like Bond villain type

these are not like Bond villain type people<00:08:03.560> you<00:08:03.680> know<00:08:03.919> they're<00:08:04.720> they<00:08:05.159> they're

people you know they're they they're

people you know they're they they're they're<00:08:05.919> real<00:08:06.199> people<00:08:06.599> with<00:08:06.840> with<00:08:07.039> families

they're real people with with families

they're real people with with families and<00:08:07.639> emotions<00:08:08.039> and<00:08:08.240> with<00:08:08.560> fears<00:08:09.120> and<00:08:09.520> you<00:08:09.639> know

and emotions and with fears and you know

and emotions and with fears and you know and

and

and sometimes<00:08:12.159> they're<00:08:12.400> concerned<00:08:12.919> about<00:08:13.120> the

sometimes they're concerned about the

sometimes they're concerned about the future<00:08:14.000> so<00:08:14.599> what's<00:08:14.759> your<00:08:14.960> interaction<00:08:15.479> of<00:08:16.240> of

future so what's your interaction of of

future so what's your interaction of of these<00:08:16.599> people<00:08:17.039> because<00:08:17.159> I<00:08:17.240> think<00:08:17.360> people

these people because I think people

these people because I think people watching<00:08:18.680> who<00:08:18.840> might<00:08:19.039> not<00:08:19.440> have<00:08:19.560> a<00:08:19.639> chance<00:08:19.879> to

watching who might not have a chance to

watching who might not have a chance to interact<00:08:20.319> with<00:08:20.400> these<00:08:20.520> people<00:08:20.720> want<00:08:20.800> to<00:08:20.919> know

interact with these people want to know

interact with these people want to know basically<00:08:22.000> what<00:08:22.280> they<00:08:22.879> like<00:08:23.879> yeah<00:08:24.080> I<00:08:24.159> mean

basically what they like yeah I mean

basically what they like yeah I mean they're<00:08:25.159> they're<00:08:25.479> human<00:08:25.759> beings<00:08:26.280> like<00:08:26.520> you

they're they're human beings like you

they're they're human beings like you and<00:08:26.879> me<00:08:27.319> you<00:08:27.440> know<00:08:27.800> they<00:08:28.000> have<00:08:28.520> a<00:08:28.639> lot<00:08:28.840> you<00:08:28.919> know

and me you know they have a lot you know

and me you know they have a lot you know emot

emot

emot uh<00:08:31.360> they<00:08:31.520> have<00:08:31.639> a<00:08:31.759> lot<00:08:31.879> of<00:08:32.080> challenges<00:08:33.080> that

uh they have a lot of challenges that

uh they have a lot of challenges that they<00:08:33.560> face<00:08:34.200> particularly<00:08:34.839> people<00:08:35.159> that<00:08:35.399> I'm

they face particularly people that I'm

they face particularly people that I'm working<00:08:35.919> with<00:08:36.080> who<00:08:36.279> really<00:08:36.479> care<00:08:36.719> about

working with who really care about

working with who really care about social<00:08:37.959> justice<00:08:38.959> um<00:08:39.360> they<00:08:39.519> feel<00:08:39.800> a<00:08:39.919> lot<00:08:40.039> of

social justice um they feel a lot of

social justice um they feel a lot of guilt<00:08:40.719> a<00:08:40.839> lot<00:08:40.959> of<00:08:41.279> anxiety<00:08:42.080> around<00:08:43.000> how<00:08:43.120> much

guilt a lot of anxiety around how much

guilt a lot of anxiety around how much money<00:08:43.640> they<00:08:43.839> have<00:08:44.240> lots<00:08:44.399> of<00:08:44.480> them<00:08:44.600> feel<00:08:44.800> like

money they have lots of them feel like

money they have lots of them feel like they<00:08:45.080> have<00:08:45.279> too<00:08:45.560> much<00:08:45.839> wealth<00:08:46.480> they<00:08:46.600> don't

they have too much wealth they don't

they have too much wealth they don't know<00:08:46.880> how<00:08:46.959> to<00:08:47.120> redistribute<00:08:47.760> it<00:08:47.959> they<00:08:48.080> don't

know how to redistribute it they don't

know how to redistribute it they don't know<00:08:48.800> what<00:08:49.040> responsible<00:08:49.920> wealth<00:08:50.240> stewardship

know what responsible wealth stewardship

know what responsible wealth stewardship looks<00:08:51.240> like<00:08:52.240> um<00:08:52.600> you<00:08:52.720> know<00:08:52.920> particularly<00:08:53.279> if

looks like um you know particularly if

looks like um you know particularly if they<00:08:53.560> want<00:08:54.000> to<00:08:55.000> um<00:08:55.560> help<00:08:55.839> tackle<00:08:56.160> things<00:08:56.360> like

they want to um help tackle things like

they want to um help tackle things like climate<00:08:56.880> change<00:08:57.160> and<00:08:57.560> inequality<00:08:58.560> they<00:08:58.680> feel

climate change and inequality they feel

climate change and inequality they feel really<00:08:59.880> stuck<00:09:00.560> you<00:09:00.680> know<00:09:01.160> and<00:09:01.360> don't<00:09:01.560> really

really stuck you know and don't really

really stuck you know and don't really know<00:09:02.519> what<00:09:02.640> to<00:09:02.880> do<00:09:03.480> and<00:09:03.720> it's<00:09:03.959> also<00:09:04.440> just<00:09:04.720> it's

know what to do and it's also just it's

know what to do and it's also just it's quite<00:09:05.079> a<00:09:05.240> burden<00:09:05.600> for<00:09:05.760> a<00:09:05.839> lot<00:09:05.959> of<00:09:06.079> people<00:09:06.360> even

quite a burden for a lot of people even

quite a burden for a lot of people even for<00:09:08.079> uh<00:09:08.279> people<00:09:08.680> that<00:09:09.200> aren't<00:09:09.600> necessarily

for uh people that aren't necessarily

for uh people that aren't necessarily social<00:09:10.680> justice<00:09:11.079> oriented<00:09:11.760> I<00:09:11.880> noticed<00:09:12.360> when<00:09:12.519> I

social justice oriented I noticed when I

social justice oriented I noticed when I was<00:09:12.760> practicing<00:09:13.120> as<00:09:13.200> a<00:09:13.519> lawyer<00:09:14.519> um<00:09:15.440> you<00:09:15.600> know

was practicing as a lawyer um you know

was practicing as a lawyer um you know people<00:09:16.519> it<00:09:16.640> was<00:09:16.760> a<00:09:16.920> great<00:09:17.120> source<00:09:17.360> of<00:09:17.560> anxiety

people it was a great source of anxiety

people it was a great source of anxiety you<00:09:18.560> know<00:09:18.720> when<00:09:18.880> you've<00:09:19.079> got<00:09:19.720> so<00:09:19.920> much<00:09:20.240> wealth

you know when you've got so much wealth

you know when you've got so much wealth yeah<00:09:21.560> um<00:09:22.079> all<00:09:22.240> the<00:09:22.399> decisions<00:09:22.760> you<00:09:22.920> have<00:09:23.040> to

yeah um all the decisions you have to

yeah um all the decisions you have to make<00:09:24.240> all<00:09:24.519> the<00:09:24.880> you<00:09:25.000> know<00:09:25.279> all<00:09:25.480> the<00:09:25.680> the

make all the you know all the the

make all the you know all the the different<00:09:26.079> things<00:09:26.240> that<00:09:26.600> advisors<00:09:27.120> put<00:09:27.320> in

different things that advisors put in

different things that advisors put in front<00:09:27.600> of<00:09:27.760> you<00:09:27.880> decisions<00:09:28.240> about<00:09:28.519> tax

front of you decisions about tax

front of you decisions about tax decisions<00:09:29.399> about<00:09:29.959> how<00:09:30.120> you<00:09:30.320> protect<00:09:30.680> and

decisions about how you protect and

decisions about how you protect and preserve<00:09:31.360> and<00:09:31.519> pass<00:09:31.839> down<00:09:32.160> assets<00:09:32.959> yeah<00:09:33.120> it's

preserve and pass down assets yeah it's

preserve and pass down assets yeah it's a<00:09:33.360> funny<00:09:33.600> sort<00:09:33.720> of<00:09:33.839> conversation<00:09:34.240> to<00:09:34.480> have

a funny sort of conversation to have

a funny sort of conversation to have because<00:09:36.200> I<00:09:36.279> know<00:09:36.440> a<00:09:36.560> lot<00:09:36.680> of<00:09:36.760> people<00:09:36.959> will<00:09:37.120> be

because I know a lot of people will be

because I know a lot of people will be watching<00:09:37.920> and<00:09:38.040> they'll<00:09:38.279> be<00:09:38.920> thinking<00:09:39.920> well<00:09:40.040> it

watching and they'll be thinking well it

watching and they'll be thinking well it sounds<00:09:40.480> right<00:09:40.600> to<00:09:40.720> me<00:09:41.560> I<00:09:41.640> would<00:09:41.760> like<00:09:41.880> to<00:09:42.000> do

sounds right to me I would like to do

sounds right to me I would like to do but<00:09:42.320> you<00:09:42.399> know<00:09:43.160> for<00:09:43.360> me<00:09:43.560> personally<00:09:43.920> as

but you know for me personally as

but you know for me personally as somebody<00:09:44.320> who<00:09:44.440> came<00:09:44.680> from<00:09:45.040> a<00:09:45.200> very<00:09:45.399> poor

somebody who came from a very poor

somebody who came from a very poor background<00:09:46.000> and<00:09:46.160> made<00:09:46.959> quite<00:09:47.120> a<00:09:47.200> lot<00:09:47.320> of<00:09:47.399> money

background and made quite a lot of money

background and made quite a lot of money although<00:09:47.800> I'm<00:09:47.880> not<00:09:48.040> super<00:09:48.320> rich<00:09:48.760> it<00:09:48.959> it<00:09:49.600> it<00:09:49.720> was

although I'm not super rich it it it was

although I'm not super rich it it it was actually<00:09:50.440> quite<00:09:50.600> a<00:09:50.680> stressful<00:09:51.120> experience

actually quite a stressful experience

actually quite a stressful experience because<00:09:52.880> you<00:09:53.040> know<00:09:54.040> no<00:09:54.240> one<00:09:54.399> in<00:09:54.560> my<00:09:54.880> family

because you know no one in my family

because you know no one in my family ever<00:09:55.360> had<00:09:55.480> money<00:09:55.839> when<00:09:55.959> I<00:09:56.040> made<00:09:56.399> money<00:09:56.640> I<00:09:56.760> was

ever had money when I made money I was

ever had money when I made money I was super<00:09:57.440> young<00:09:57.680> I<00:09:57.760> was<00:09:57.880> like<00:09:58.000> 24<00:09:58.440> 25<00:09:59.000> right<00:09:59.160> like

super young I was like 24 25 right like

super young I was like 24 25 right like I<00:09:59.519> had<00:09:59.680> nobody<00:09:59.959> to<00:10:00.079> turn<00:10:00.320> to<00:10:00.519> for<00:10:00.720> like<00:10:01.279> what<00:10:01.399> do

I had nobody to turn to for like what do

I had nobody to turn to for like what do I<00:10:01.720> do<00:10:01.959> with<00:10:02.120> this<00:10:02.279> money<00:10:02.959> and<00:10:03.720> and<00:10:03.920> it's

I do with this money and and it's

I do with this money and and it's weirdly<00:10:05.000> in<00:10:05.120> a<00:10:05.240> bizarre<00:10:05.640> way<00:10:05.839> like<00:10:06.040> kind<00:10:06.200> of

weirdly in a bizarre way like kind of

weirdly in a bizarre way like kind of kind<00:10:07.079> of<00:10:07.360> terrifying<00:10:08.040> like<00:10:08.200> I<00:10:08.560> remember<00:10:09.560> I

kind of terrifying like I remember I

kind of terrifying like I remember I remember<00:10:10.240> when<00:10:10.360> I<00:10:10.480> got<00:10:10.680> my<00:10:11.320> big<00:10:11.519> bonus<00:10:12.120> in<00:10:12.279> 2011

remember when I got my big bonus in 2011

remember when I got my big bonus in 2011 when<00:10:12.920> I<00:10:13.000> was<00:10:13.120> city<00:10:13.320> stop<00:10:13.480> Trader<00:10:13.720> I<00:10:13.760> got<00:10:13.880> big

when I was city stop Trader I got big

when I was city stop Trader I got big bonus<00:10:14.320> the<00:10:14.399> end<00:10:14.519> of<00:10:14.600> the<00:10:14.760> year<00:10:15.399> and<00:10:15.600> my<00:10:15.920> my

bonus the end of the year and my my

bonus the end of the year and my my girlfriend<00:10:16.440> at<00:10:16.560> the<00:10:16.760> time<00:10:17.560> she<00:10:17.800> came<00:10:17.959> around

girlfriend at the time she came around

girlfriend at the time she came around to<00:10:18.399> my<00:10:18.560> house<00:10:18.959> that<00:10:19.079> evening<00:10:19.480> and<00:10:19.560> I<00:10:19.640> was<00:10:19.839> like

to my house that evening and I was like

to my house that evening and I was like sitting<00:10:20.320> in<00:10:20.480> my<00:10:20.680> little<00:10:20.920> office<00:10:21.200> space<00:10:21.440> in<00:10:21.560> the

sitting in my little office space in the

sitting in my little office space in the corner<00:10:22.519> of<00:10:22.680> the<00:10:22.800> room<00:10:23.079> like<00:10:23.200> working<00:10:23.519> out<00:10:23.680> with

corner of the room like working out with

corner of the room like working out with these<00:10:23.959> spreadsheets<00:10:24.760> and<00:10:25.120> you<00:10:25.240> know<00:10:25.440> she<00:10:25.560> was

these spreadsheets and you know she was

these spreadsheets and you know she was like<00:10:25.800> what<00:10:25.959> what<00:10:26.040> are<00:10:26.120> you<00:10:26.200> doing<00:10:26.519> like<00:10:26.720> you

like what what are you doing like you

like what what are you doing like you seem<00:10:27.480> stressed<00:10:27.880> out<00:10:28.560> and<00:10:28.680> I<00:10:28.760> was<00:10:28.880> like<00:10:29.040> look

seem stressed out and I was like look

seem stressed out and I was like look I've<00:10:29.680> got<00:10:29.760> all<00:10:29.880> this<00:10:30.000> money<00:10:30.200> I<00:10:30.279> need<00:10:30.399> to<00:10:30.519> invest

I've got all this money I need to invest

I've got all this money I need to invest it<00:10:31.040> it's<00:10:31.480> it's<00:10:31.640> really<00:10:31.880> important<00:10:32.279> it's<00:10:33.040> of

it it's it's really important it's of

it it's it's really important it's of course<00:10:33.320> I'm<00:10:33.480> stressed<00:10:33.800> out<00:10:33.959> and<00:10:34.079> she<00:10:34.200> was<00:10:34.399> like

course I'm stressed out and she was like

course I'm stressed out and she was like if<00:10:35.240> I<00:10:35.360> had<00:10:35.480> as<00:10:35.600> much<00:10:35.720> money<00:10:35.959> as<00:10:36.120> you<00:10:36.880> the<00:10:37.040> last

if I had as much money as you the last

if I had as much money as you the last thing<00:10:37.320> I'll<00:10:37.480> be<00:10:37.560> doing<00:10:37.720> is<00:10:37.839> sitting<00:10:38.000> in<00:10:38.079> the

thing I'll be doing is sitting in the

thing I'll be doing is sitting in the corner<00:10:38.399> of<00:10:38.480> my<00:10:38.600> front<00:10:38.800> I'm<00:10:38.920> stressing<00:10:39.279> about

corner of my front I'm stressing about

corner of my front I'm stressing about it<00:10:40.639> of<00:10:40.760> course<00:10:40.920> she<00:10:41.040> was<00:10:41.279> right<00:10:41.519> but<00:10:41.680> if<00:10:41.839> you

it of course she was right but if you

it of course she was right but if you you<00:10:42.680> know<00:10:43.200> it's<00:10:44.200> for<00:10:44.680> me<00:10:45.680> it<00:10:45.800> was<00:10:46.000> quite<00:10:46.200> scary

you know it's for me it was quite scary

you know it's for me it was quite scary like<00:10:46.839> knowing<00:10:47.240> how<00:10:47.360> do<00:10:47.519> I<00:10:47.760> do<00:10:48.360> what<00:10:48.480> do<00:10:48.680> I<00:10:49.399> how

like knowing how do I do what do I how

like knowing how do I do what do I how do<00:10:49.680> I<00:10:50.000> protect<00:10:50.399> this<00:10:50.600> you<00:10:50.680> know<00:10:50.760> what<00:10:50.880> I<00:10:50.959> mean

do I protect this you know what I mean

do I protect this you know what I mean and<00:10:51.279> I<00:10:51.360> think<00:10:51.920> yeah<00:10:52.200> if<00:10:52.279> you're<00:10:52.440> from<00:10:52.600> a

and I think yeah if you're from a

and I think yeah if you're from a wealthy<00:10:53.040> family<00:10:53.440> youve<00:10:53.680> probably<00:10:54.000> I<00:10:54.079> guess

wealthy family youve probably I guess

wealthy family youve probably I guess been<00:10:54.360> raised<00:10:54.639> with<00:10:54.760> this<00:10:54.880> idea<00:10:55.279> this<00:10:55.399> isn't

been raised with this idea this isn't

been raised with this idea this isn't important<00:10:56.079> it's<00:10:56.200> your<00:10:56.560> legacy<00:10:57.200> you<00:10:57.279> need<00:10:57.440> to

important it's your legacy you need to

important it's your legacy you need to protect<00:10:57.839> it<00:10:58.000> I<00:10:58.079> suppose<00:10:59.000> yeah<00:10:59.480> and<00:11:00.000> and<00:11:01.000> Ian

protect it I suppose yeah and and Ian

protect it I suppose yeah and and Ian it's<00:11:01.519> interesting<00:11:01.920> the<00:11:02.040> different

it's interesting the different

it's interesting the different narratives<00:11:02.920> that<00:11:03.120> we<00:11:03.720> have<00:11:03.959> when<00:11:04.120> we<00:11:04.279> come

narratives that we have when we come

narratives that we have when we come from<00:11:04.839> poorer<00:11:05.320> backgrounds<00:11:06.160> where<00:11:06.399> we're

from poorer backgrounds where we're

from poorer backgrounds where we're afraid<00:11:06.920> of<00:11:07.040> losing<00:11:07.519> the<00:11:07.639> money<00:11:08.120> a<00:11:08.200> lot<00:11:08.360> of<00:11:08.480> the

afraid of losing the money a lot of the

afraid of losing the money a lot of the time<00:11:09.880> um<00:11:10.480> and<00:11:10.639> then<00:11:10.920> you<00:11:11.040> know<00:11:11.279> people<00:11:11.480> from

time um and then you know people from

time um and then you know people from wealthier<00:11:12.079> backgrounds<00:11:12.519> will<00:11:12.639> see<00:11:12.880> the

wealthier backgrounds will see the

wealthier backgrounds will see the opportunities<00:11:13.800> that<00:11:14.000> come<00:11:14.279> with<00:11:14.480> wealth

opportunities that come with wealth

opportunities that come with wealth right<00:11:15.200> and<00:11:15.440> so<00:11:16.440> um<00:11:16.760> thinking<00:11:17.079> about<00:11:17.440> different

right and so um thinking about different

right and so um thinking about different Investments<00:11:18.320> like<00:11:18.760> I<00:11:18.920> I<00:11:19.000> was<00:11:19.160> always<00:11:19.399> really

Investments like I I was always really

Investments like I I was always really fascinated<00:11:20.720> by<00:11:21.839> um<00:11:22.839> you<00:11:23.000> know<00:11:23.440> when<00:11:23.560> I<00:11:23.720> when<00:11:23.839> I

fascinated by um you know when I when I

fascinated by um you know when I when I started<00:11:24.399> working<00:11:24.800> and<00:11:24.959> I<00:11:25.079> realized<00:11:25.519> that

started working and I realized that

started working and I realized that people<00:11:26.040> bought<00:11:26.519> you<00:11:26.600> know<00:11:26.760> there<00:11:26.839> were<00:11:27.040> cash

people bought you know there were cash

people bought you know there were cash buyers<00:11:27.760> that<00:11:27.959> existed<00:11:28.600> and<00:11:28.760> I've<00:11:28.959> never

buyers that existed and I've never

buyers that existed and I've never MH<00:11:30.600> I<00:11:30.800> just<00:11:31.680> never<00:11:32.680> ever<00:11:33.040> thought<00:11:33.360> that<00:11:33.519> anyone

MH I just never ever thought that anyone

MH I just never ever thought that anyone would<00:11:34.079> have<00:11:34.440> a<00:11:34.519> few<00:11:34.760> million<00:11:35.079> pounds<00:11:35.399> spare<00:11:35.720> to

would have a few million pounds spare to

would have a few million pounds spare to invest<00:11:36.240> in<00:11:36.720> property<00:11:37.200> and<00:11:37.600> buying<00:11:38.160> cash<00:11:38.959> but

invest in property and buying cash but

invest in property and buying cash but then<00:11:39.600> um<00:11:39.800> another<00:11:40.079> thing<00:11:40.200> that<00:11:40.279> I<00:11:40.399> found

then um another thing that I found

then um another thing that I found really<00:11:40.760> interesting<00:11:41.320> was<00:11:41.800> is<00:11:41.920> that<00:11:42.120> you<00:11:42.240> know

really interesting was is that you know

really interesting was is that you know lots<00:11:42.959> of<00:11:43.079> people<00:11:43.360> chose<00:11:43.760> to<00:11:44.240> even<00:11:44.440> though<00:11:44.600> they

lots of people chose to even though they

lots of people chose to even though they had<00:11:44.920> the<00:11:45.200> cash<00:11:46.200> they<00:11:46.320> would<00:11:46.959> get<00:11:47.200> Finance<00:11:48.120> they

had the cash they would get Finance they

had the cash they would get Finance they would<00:11:48.360> raise<00:11:48.800> debt<00:11:49.800> and<00:11:50.320> you<00:11:50.399> know<00:11:50.880> you<00:11:51.000> ra

would raise debt and you know you ra

would raise debt and you know you ra idea<00:11:51.839> like<00:11:52.079> you<00:11:52.200> should<00:11:52.399> avoid<00:11:52.720> that<00:11:52.959> and<00:11:53.000> I

idea like you should avoid that and I

idea like you should avoid that and I think<00:11:53.200> a<00:11:53.320> lot<00:11:53.440> of<00:11:53.519> people<00:11:53.639> are<00:11:53.760> raised<00:11:54.040> with

think a lot of people are raised with

think a lot of people are raised with this<00:11:54.320> idea<00:11:54.600> you<00:11:54.680> should<00:11:54.880> avoid<00:11:55.120> ITT<00:11:55.560> as<00:11:55.639> you

this idea you should avoid ITT as you

this idea you should avoid ITT as you totally<00:11:56.320> and<00:11:56.440> that<00:11:56.600> was<00:11:57.040> always<00:11:57.560> my<00:11:58.320> you<00:11:58.440> know

totally and that was always my you know

totally and that was always my you know I'm<00:11:58.800> to<00:11:58.959> this<00:11:59.320> day<00:11:59.480> I'm<00:11:59.600> still<00:11:59.839> very<00:12:00.040> risk

I'm to this day I'm still very risk

I'm to this day I'm still very risk averse<00:12:00.680> when<00:12:00.760> it<00:12:00.880> comes<00:12:01.040> to<00:12:01.279> debt<00:12:01.880> but<00:12:02.880> I<00:12:03.040> think

averse when it comes to debt but I think

averse when it comes to debt but I think if<00:12:03.839> you<00:12:04.120> if<00:12:04.200> you've<00:12:04.399> been<00:12:04.600> raised<00:12:05.000> to<00:12:05.160> see<00:12:05.480> that

if you if you've been raised to see that

if you if you've been raised to see that actually<00:12:06.560> debt<00:12:07.079> you<00:12:07.600> finance<00:12:08.279> you<00:12:08.360> know<00:12:08.560> is<00:12:08.639> a

actually debt you finance you know is a

actually debt you finance you know is a tool<00:12:09.240> you<00:12:09.320> can<00:12:09.480> use<00:12:09.639> it<00:12:09.760> as<00:12:09.839> a<00:12:10.120> that<00:12:10.240> you<00:12:10.320> can

tool you can use it as a that you can

tool you can use it as a that you can leverage<00:12:10.760> to<00:12:10.959> create<00:12:11.279> more<00:12:11.560> wealth<00:12:12.079> it's<00:12:12.200> a

leverage to create more wealth it's a

leverage to create more wealth it's a completely<00:12:12.760> different<00:12:13.040> mindset<00:12:13.959> so<00:12:14.120> how<00:12:14.240> was

completely different mindset so how was

completely different mindset so how was it<00:12:14.480> what<00:12:14.600> was<00:12:14.680> it<00:12:14.800> like<00:12:14.959> for

it what was it like for

it what was it like for you<00:12:16.839> personally<00:12:17.279> going<00:12:17.519> into<00:12:17.800> that<00:12:18.240> space<00:12:19.079> you

you personally going into that space you

you personally going into that space you know

know

know not<00:12:22.199> realizing

not realizing

not realizing beforehand<00:12:25.360> that<00:12:25.600> people<00:12:26.079> you<00:12:26.199> know<00:12:26.880> that

beforehand that people you know that

beforehand that people you know that people<00:12:27.240> had<00:12:27.360> this<00:12:27.480> kind<00:12:27.600> of<00:12:27.680> money<00:12:28.240> how<00:12:28.320> did

people had this kind of money how did

people had this kind of money how did you<00:12:28.800> as<00:12:28.880> a<00:12:28.959> person<00:12:29.279> and<00:12:29.360> how<00:12:29.440> did<00:12:29.560> you

you as a person and how did you

you as a person and how did you experience<00:12:30.160> that<00:12:30.680> yeah<00:12:30.839> it<00:12:30.920> was<00:12:31.160> quite<00:12:31.360> it<00:12:31.480> was

experience that yeah it was quite it was

experience that yeah it was quite it was quite<00:12:31.839> daunting<00:12:32.800> I<00:12:32.920> was<00:12:33.199> I<00:12:33.279> was<00:12:33.440> quite<00:12:33.639> aware

quite daunting I was I was quite aware

quite daunting I was I was quite aware of<00:12:34.320> you<00:12:34.399> know<00:12:34.600> very<00:12:34.880> aware<00:12:35.320> of<00:12:35.519> I<00:12:35.600> don't<00:12:35.720> know

of you know very aware of I don't know

of you know very aware of I don't know what<00:12:35.920> your<00:12:36.040> experience<00:12:36.440> was<00:12:36.560> like<00:12:36.760> but<00:12:36.839> I<00:12:36.920> was

what your experience was like but I was

what your experience was like but I was very<00:12:37.240> aware<00:12:37.600> of<00:12:38.160> where<00:12:38.360> I<00:12:38.480> was<00:12:38.680> coming<00:12:39.040> from<00:12:39.480> in

very aware of where I was coming from in

very aware of where I was coming from in society<00:12:40.639> and<00:12:41.000> entering<00:12:42.000> you<00:12:42.120> know<00:12:42.279> even<00:12:42.480> the

society and entering you know even the

society and entering you know even the city<00:12:43.040> being<00:12:43.240> in<00:12:43.360> the<00:12:43.480> city<00:12:43.760> being<00:12:43.959> in<00:12:44.040> a<00:12:44.160> big

city being in the city being in a big

city being in the city being in a big office<00:12:44.800> it's<00:12:44.959> quite<00:12:45.160> an<00:12:45.320> intimidating<00:12:46.040> space

office it's quite an intimidating space

office it's quite an intimidating space if<00:12:46.600> you're<00:12:46.760> not<00:12:46.959> used<00:12:47.279> to<00:12:48.279> I<00:12:48.360> don't<00:12:48.480> know<00:12:48.639> going

if you're not used to I don't know going

if you're not used to I don't know going see<00:12:49.040> your<00:12:49.160> dad<00:12:49.399> after<00:12:49.639> work<00:12:49.880> in<00:12:50.000> the<00:12:50.120> city<00:12:50.440> or

see your dad after work in the city or

see your dad after work in the city or you<00:12:50.760> know<00:12:51.000> whatever<00:12:51.320> like<00:12:51.480> I'd<00:12:51.680> never<00:12:52.040> really

you know whatever like I'd never really

you know whatever like I'd never really been<00:12:52.880> in<00:12:53.839> those<00:12:54.120> kinds<00:12:54.320> of<00:12:54.480> environments<00:12:55.480> um

been in those kinds of environments um

been in those kinds of environments um yeah<00:12:56.279> so<00:12:56.839> yeah<00:12:57.000> it<00:12:57.079> was<00:12:57.240> very<00:12:57.399> daunting<00:12:58.160> I<00:12:58.279> was

yeah so yeah it was very daunting I was

yeah so yeah it was very daunting I was very<00:12:58.600> aware<00:12:58.839> of<00:12:58.959> my<00:12:59.360> position<00:13:00.360> the<00:13:00.560> law<00:13:01.160> is<00:13:01.959> um

very aware of my position the law is um

very aware of my position the law is um you<00:13:02.560> know<00:13:02.760> quite<00:13:03.199> hierarchical<00:13:04.199> yeah<00:13:05.079> um<00:13:05.639> for

you know quite hierarchical yeah um for

you know quite hierarchical yeah um for me<00:13:05.920> I<00:13:06.000> was<00:13:06.160> never<00:13:06.760> I<00:13:06.839> was<00:13:06.959> never<00:13:07.160> intimidated

me I was never I was never intimidated

me I was never I was never intimidated in<00:13:07.720> the<00:13:07.880> space<00:13:09.040> but<00:13:10.040> I<00:13:10.240> had<00:13:10.600> no<00:13:11.000> idea<00:13:11.440> how<00:13:11.560> much

in the space but I had no idea how much

in the space but I had no idea how much money<00:13:11.959> those<00:13:12.120> people<00:13:12.240> were<00:13:12.360> making<00:13:13.040> seriously

money those people were making seriously

money those people were making seriously like<00:13:13.720> I<00:13:13.839> thought<00:13:14.160> like<00:13:14.519> these<00:13:14.720> guys<00:13:14.880> were

like I thought like these guys were

like I thought like these guys were making<00:13:15.760> like<00:13:16.760> 100<00:13:17.279> 150<00:13:17.920> Grand<00:13:18.160> a<00:13:18.360> year<00:13:19.120> like

making like 100 150 Grand a year like

making like 100 150 Grand a year like which<00:13:19.880> to<00:13:20.040> me<00:13:20.199> was<00:13:20.399> like<00:13:20.560> that's<00:13:20.880> crazy<00:13:21.279> money

which to me was like that's crazy money

which to me was like that's crazy money like<00:13:21.920> I<00:13:22.000> was<00:13:22.120> getting<00:13:22.320> paid<00:13:22.480> 40<00:13:22.720> Grand<00:13:22.920> a<00:13:23.000> year

like I was getting paid 40 Grand a year

like I was getting paid 40 Grand a year and<00:13:23.320> I<00:13:23.399> was<00:13:23.519> like<00:13:23.720> this<00:13:23.839> is<00:13:24.040> like<00:13:24.680> I<00:13:24.760> thought<00:13:24.920> I

and I was like this is like I thought I

and I was like this is like I thought I was<00:13:25.120> like<00:13:25.240> a<00:13:25.320> baller<00:13:25.800> 40<00:13:26.000> Grand<00:13:26.240> a<00:13:26.360> year<00:13:26.720> and<00:13:26.800> I

was like a baller 40 Grand a year and I

was like a baller 40 Grand a year and I was<00:13:26.959> thinking<00:13:27.240> these<00:13:27.399> guys<00:13:27.560> and<00:13:27.680> then<00:13:27.800> when<00:13:27.880> I

was thinking these guys and then when I

was thinking these guys and then when I realized<00:13:29.120> that<00:13:29.240> these<00:13:29.360> guys<00:13:29.519> are<00:13:29.639> making<00:13:29.920> like

realized that these guys are making like

realized that these guys are making like millions<00:13:30.600> of<00:13:30.760> pounds<00:13:31.040> a<00:13:31.199> year<00:13:31.680> it

millions of pounds a year it

millions of pounds a year it was<00:13:34.120> on<00:13:34.320> the<00:13:34.800> part<00:13:34.959> of<00:13:35.079> me<00:13:35.199> is<00:13:35.320> thinking<00:13:35.639> wow

was on the part of me is thinking wow

was on the part of me is thinking wow this<00:13:35.880> is<00:13:35.959> an<00:13:36.079> opportunity<00:13:36.720> and<00:13:36.880> part<00:13:37.040> of<00:13:37.160> me

this is an opportunity and part of me

this is an opportunity and part of me was<00:13:37.399> just<00:13:37.519> thinking<00:13:37.839> like<00:13:38.519> this<00:13:38.639> is<00:13:39.000> crazy<00:13:39.720> I

was just thinking like this is crazy I

was just thinking like this is crazy I can't<00:13:40.480> part<00:13:40.639> of<00:13:40.760> me<00:13:40.880> was<00:13:41.360> actually<00:13:42.360> shocked

can't part of me was actually shocked

can't part of me was actually shocked and<00:13:42.920> upset<00:13:43.440> I<00:13:43.519> think<00:13:44.120> yeah<00:13:44.279> because<00:13:44.480> it<00:13:44.600> made

and upset I think yeah because it made

and upset I think yeah because it made me<00:13:45.079> think<00:13:45.360> of<00:13:46.320> my<00:13:46.560> dad<00:13:47.040> and<00:13:47.199> my<00:13:47.360> mom<00:13:47.920> and<00:13:48.079> my

me think of my dad and my mom and my

me think of my dad and my mom and my friends<00:13:48.800> parents<00:13:49.519> and<00:13:49.959> how<00:13:50.120> hard<00:13:50.360> they<00:13:50.480> used

friends parents and how hard they used

friends parents and how hard they used to<00:13:50.759> work<00:13:50.959> for<00:13:51.279> like<00:13:52.079> you<00:13:52.240> know<00:13:52.440> literally

to work for like you know literally

to work for like you know literally something<00:13:53.160> like<00:13:53.600> 2%<00:13:54.600> of<00:13:54.759> what<00:13:54.920> these<00:13:55.079> guys<00:13:55.240> are

something like 2% of what these guys are

something like 2% of what these guys are making<00:13:56.240> yeah<00:13:56.880> for<00:13:57.040> me<00:13:57.160> it<00:13:57.399> was<00:13:58.399> just<00:13:58.600> I<00:13:58.680> think

making yeah for me it was just I think

making yeah for me it was just I think confusing<00:13:59.959> yeah<00:14:00.199> is<00:14:00.399> confusing<00:14:01.000> because

confusing yeah is confusing because

confusing yeah is confusing because you're<00:14:01.880> you're<00:14:02.399> what's<00:14:02.639> effectively

you're you're what's effectively

you're you're what's effectively happening<00:14:03.279> is<00:14:03.399> you're<00:14:03.519> entering<00:14:03.839> a<00:14:03.959> new<00:14:04.199> world

happening is you're entering a new world

happening is you're entering a new world which<00:14:05.279> has<00:14:05.519> completely<00:14:06.079> different<00:14:06.720> culture

which has completely different culture

which has completely different culture and<00:14:08.639> kind<00:14:08.800> of<00:14:08.959> social<00:14:09.360> order<00:14:09.959> I<00:14:10.040> mean<00:14:10.199> one<00:14:10.320> of

and kind of social order I mean one of

and kind of social order I mean one of the<00:14:10.560> things<00:14:10.800> that<00:14:11.079> I<00:14:11.680> remember<00:14:12.680> quite<00:14:12.920> early

the things that I remember quite early

the things that I remember quite early on<00:14:13.360> in<00:14:13.519> my<00:14:13.680> career<00:14:13.959> I<00:14:14.040> don't<00:14:14.160> know<00:14:14.279> if<00:14:14.360> I<00:14:14.440> was<00:14:14.519> a

on in my career I don't know if I was a

on in my career I don't know if I was a trainer<00:14:15.000> or<00:14:15.120> whether<00:14:15.320> I<00:14:15.399> was<00:14:15.639> just<00:14:15.839> quite

trainer or whether I was just quite

trainer or whether I was just quite early<00:14:16.320> on<00:14:16.959> post

early on post

early on post qualification<00:14:18.800> was<00:14:19.440> um<00:14:20.000> when<00:14:20.120> you<00:14:20.240> work<00:14:20.399> in<00:14:20.480> a

qualification was um when you work in a

qualification was um when you work in a law<00:14:20.720> firm<00:14:20.959> you<00:14:21.040> tend<00:14:21.160> to<00:14:21.240> have<00:14:21.399> like<00:14:21.639> these

law firm you tend to have like these

law firm you tend to have like these client<00:14:22.600> codes<00:14:23.600> um<00:14:24.040> and<00:14:24.199> then<00:14:24.360> and<00:14:24.480> then<00:14:24.560> you

client codes um and then and then you

client codes um and then and then you have<00:14:24.759> like<00:14:24.920> matter<00:14:25.279> numbers<00:14:25.959> yeah<00:14:26.360> and<00:14:26.480> I

have like matter numbers yeah and I

have like matter numbers yeah and I noticed<00:14:27.079> that<00:14:27.199> there<00:14:27.279> were<00:14:27.440> some<00:14:27.720> clients

noticed that there were some clients

noticed that there were some clients that<00:14:28.320> just<00:14:28.480> had<00:14:29.160> so<00:14:29.440> many<00:14:29.800> different<00:14:30.079> matter

that just had so many different matter

that just had so many different matter numbers<00:14:31.040> which<00:14:31.639> kind<00:14:31.759> of<00:14:32.680> um<00:14:33.040> cross<00:14:33.440> reference

numbers which kind of um cross reference

numbers which kind of um cross reference to<00:14:34.199> various<00:14:34.720> property

to various property

to various property purchases<00:14:36.839> and<00:14:37.079> I<00:14:37.199> had<00:14:37.440> this<00:14:37.720> realization

purchases and I had this realization

purchases and I had this realization that<00:14:39.160> gosh<00:14:39.399> it's<00:14:39.600> the<00:14:39.800> same<00:14:40.360> people<00:14:40.720> or<00:14:40.920> the

that gosh it's the same people or the

that gosh it's the same people or the same<00:14:41.440> types<00:14:41.680> of<00:14:41.920> people<00:14:42.279> that<00:14:42.399> own<00:14:43.079> so<00:14:43.360> much

same types of people that own so much

same types of people that own so much property<00:14:43.959> all<00:14:44.120> over<00:14:44.320> the<00:14:44.519> country<00:14:45.440> and<00:14:45.600> all

property all over the country and all

property all over the country and all over<00:14:46.240> London<00:14:47.240> whether<00:14:47.440> it's<00:14:47.720> residential

over London whether it's residential

over London whether it's residential property<00:14:48.560> or<00:14:48.680> commercial<00:14:49.199> property<00:14:50.000> and

property or commercial property and

property or commercial property and that's<00:14:50.519> when<00:14:50.880> I<00:14:51.000> think<00:14:51.240> that<00:14:51.360> was<00:14:51.480> when<00:14:51.639> the

that's when I think that was when the

that's when I think that was when the seed<00:14:52.120> was<00:14:52.320> planted<00:14:52.880> around<00:14:53.360> becoming<00:14:53.880> a<00:14:53.959> bit

seed was planted around becoming a bit

seed was planted around becoming a bit more<00:14:54.360> politicized<00:14:55.000> round<00:14:55.440> what<00:14:55.560> does<00:14:55.800> this

more politicized round what does this

more politicized round what does this what<00:14:56.600> implications<00:14:57.279> does<00:14:57.480> this<00:14:57.720> have<00:14:58.000> for<00:14:58.600> my

what implications does this have for my

what implications does this have for my you<00:14:59.240> know<00:14:59.399> I<00:14:59.560> really<00:14:59.759> rep<00:15:00.040> hard<00:15:00.199> for<00:15:00.360> London

you know I really rep hard for London

you know I really rep hard for London because<00:15:01.120> I'm<00:15:01.680> you<00:15:01.839> know<00:15:02.240> you<00:15:02.360> know<00:15:02.480> I<00:15:02.560> grew<00:15:02.759> up

because I'm you know you know I grew up

because I'm you know you know I grew up here<00:15:03.040> I'm<00:15:03.240> really<00:15:03.480> proud<00:15:04.240> to<00:15:04.399> be<00:15:04.519> a<00:15:04.639> Londoner

here I'm really proud to be a Londoner

here I'm really proud to be a Londoner and<00:15:05.759> I<00:15:05.880> started<00:15:06.199> to<00:15:06.399> think<00:15:06.720> what<00:15:06.839> is<00:15:07.079> this

and I started to think what is this

and I started to think what is this doing<00:15:07.920> is<00:15:08.079> this<00:15:09.040> preventing<00:15:10.040> people<00:15:10.240> like<00:15:10.440> me

doing is this preventing people like me

doing is this preventing people like me getting<00:15:10.920> on<00:15:11.040> the<00:15:11.199> property<00:15:11.519> ladder<00:15:12.120> I<00:15:12.199> think

getting on the property ladder I think

getting on the property ladder I think that's<00:15:13.120> a<00:15:13.279> really<00:15:13.720> a<00:15:13.839> good<00:15:14.000> point<00:15:14.160> and

that's a really a good point and

that's a really a good point and important<00:15:14.560> for<00:15:14.680> people<00:15:14.839> to<00:15:15.000> realize<00:15:15.560> and<00:15:15.720> it's

important for people to realize and it's

important for people to realize and it's a<00:15:15.959> point<00:15:16.160> I<00:15:16.279> make<00:15:16.560> in<00:15:16.680> my<00:15:16.839> what<00:15:17.000> is<00:15:17.120> wealth

a point I make in my what is wealth

a point I make in my what is wealth video<00:15:17.759> which<00:15:17.959> is<00:15:18.880> look<00:15:19.079> at<00:15:19.240> all<00:15:19.399> this<00:15:19.560> wealth

video which is look at all this wealth

video which is look at all this wealth around<00:15:20.199> you<00:15:20.720> you<00:15:20.839> know<00:15:21.240> not<00:15:21.399> just<00:15:21.519> all<00:15:21.639> the

around you you know not just all the

around you you know not just all the properties<00:15:22.079> but<00:15:22.160> all<00:15:22.240> the<00:15:22.320> commercial<00:15:22.680> wealth

properties but all the commercial wealth

properties but all the commercial wealth as<00:15:23.000> well<00:15:23.240> it's<00:15:23.440> all<00:15:23.600> owned<00:15:24.040> it's<00:15:24.199> all<00:15:24.399> owned

as well it's all owned it's all owned

as well it's all owned it's all owned and<00:15:24.839> if<00:15:24.920> you<00:15:25.040> come<00:15:25.160> from<00:15:25.320> an<00:15:25.440> ordinary

and if you come from an ordinary

and if you come from an ordinary background<00:15:26.560> like<00:15:26.759> we<00:15:26.959> do<00:15:27.800> you<00:15:28.000> don't<00:15:28.240> know

background like we do you don't know

background like we do you don't know people<00:15:28.680> who<00:15:29.120> a<00:15:29.199> shopping<00:15:29.480> center<00:15:30.079> you<00:15:30.160> don't

people who a shopping center you don't

people who a shopping center you don't know<00:15:30.560> people<00:15:30.759> who<00:15:30.839> own<00:15:31.079> 10<00:15:31.279> properties

know people who own 10 properties

know people who own 10 properties outright<00:15:32.079> no<00:15:32.240> mortgage<00:15:32.680> you<00:15:32.800> just<00:15:32.880> don't

outright no mortgage you just don't

outright no mortgage you just don't think<00:15:33.240> that<00:15:33.360> kind<00:15:33.480> of<00:15:33.560> thing<00:15:33.680> is<00:15:33.880> possible<00:15:34.639> but

think that kind of thing is possible but

think that kind of thing is possible but there<00:15:35.360> are<00:15:35.519> people<00:15:35.680> who<00:15:35.839> own<00:15:36.120> way<00:15:36.279> more<00:15:36.440> than

there are people who own way more than

there are people who own way more than that<00:15:36.800> there<00:15:36.959> are<00:15:37.040> people<00:15:37.199> who<00:15:37.279> own<00:15:37.519> hundreds

that there are people who own hundreds

that there are people who own hundreds of<00:15:38.040> properties<00:15:38.560> you<00:15:38.680> know<00:15:38.759> what<00:15:38.839> I<00:15:38.959> mean<00:15:39.319> and

of properties you know what I mean and

of properties you know what I mean and think<00:15:40.160> about<00:15:40.399> the<00:15:40.519> income<00:15:40.800> they<00:15:40.920> make<00:15:41.160> from

think about the income they make from

think about the income they make from that<00:15:41.759> you<00:15:41.880> know<00:15:42.079> think<00:15:42.440> and<00:15:42.560> then<00:15:42.759> think<00:15:42.920> about

that you know think and then think about

that you know think and then think about like<00:15:43.279> you<00:15:43.399> say<00:15:43.680> what<00:15:43.800> does<00:15:43.959> that<00:15:44.079> mean<00:15:44.440> for<00:15:45.440> the

like you say what does that mean for the

like you say what does that mean for the rest<00:15:45.759> of<00:15:45.959> us<00:15:46.399> you<00:15:46.519> know<00:15:46.680> if<00:15:46.880> they're<00:15:47.199> if<00:15:47.319> they

rest of us you know if they're if they

rest of us you know if they're if they own<00:15:47.720> 100<00:15:47.959> properties<00:15:48.319> and<00:15:48.440> they're<00:15:48.560> making<00:15:48.880> 20

own 100 properties and they're making 20

own 100 properties and they're making 20 million<00:15:49.399> pounds<00:15:49.639> a<00:15:49.800> year<00:15:50.399> you<00:15:50.519> know<00:15:51.040> and<00:15:51.199> your

million pounds a year you know and your

million pounds a year you know and your kids<00:15:51.519> are<00:15:51.680> competing<00:15:52.000> with<00:15:52.160> their<00:15:52.360> kids<00:15:52.800> you

kids are competing with their kids you

kids are competing with their kids you know<00:15:53.920> um<00:15:54.600> so<00:15:54.759> I<00:15:54.800> want<00:15:54.920> to<00:15:55.040> talk<00:15:55.160> a<00:15:55.279> bit<00:15:55.440> about

know um so I want to talk a bit about

know um so I want to talk a bit about the<00:15:55.800> financial<00:15:56.240> situation<00:15:56.800> of<00:15:56.959> these<00:15:57.120> kinds

the financial situation of these kinds

the financial situation of these kinds of<00:15:57.399> very<00:15:57.519> wealthy<00:15:57.839> people<00:15:58.199> so<00:15:58.759> um

of very wealthy people so um

of very wealthy people so um um<00:16:01.240> my<00:16:01.759> understanding<00:16:02.040> is<00:16:02.199> a<00:16:02.279> lot<00:16:02.399> of<00:16:02.519> these

um my understanding is a lot of these

um my understanding is a lot of these very<00:16:02.800> wealthy<00:16:03.199> people<00:16:03.959> essentially<00:16:04.440> don't

very wealthy people essentially don't

very wealthy people essentially don't need<00:16:05.160> to<00:16:05.319> work<00:16:05.560> regular<00:16:05.959> jobs<00:16:06.360> because<00:16:06.639> they

need to work regular jobs because they

need to work regular jobs because they can<00:16:07.240> make<00:16:08.240> a<00:16:08.360> lot<00:16:08.519> of<00:16:08.639> income<00:16:09.040> from<00:16:09.880> the<00:16:10.000> wealth

can make a lot of income from the wealth

can make a lot of income from the wealth that<00:16:10.360> they<00:16:10.480> have<00:16:10.880> would<00:16:11.000> you<00:16:11.079> say<00:16:11.240> that's

that they have would you say that's

that they have would you say that's correct<00:16:12.040> yeah<00:16:12.240> so<00:16:12.519> there<00:16:12.639> are<00:16:13.000> I<00:16:13.079> suppose

correct yeah so there are I suppose

correct yeah so there are I suppose people<00:16:14.240> that<00:16:14.720> make<00:16:15.000> money<00:16:15.240> through<00:16:15.480> rent<00:16:16.040> like

people that make money through rent like

people that make money through rent like through<00:16:16.720> you<00:16:16.839> know<00:16:17.360> either<00:16:17.800> commercial<00:16:18.240> or

through you know either commercial or

through you know either commercial or residential<00:16:19.160> property<00:16:20.160> um<00:16:20.440> there<00:16:20.560> are<00:16:20.839> people

residential property um there are people

residential property um there are people that<00:16:21.720> you<00:16:21.800> know<00:16:21.959> will<00:16:22.120> take<00:16:22.360> a<00:16:22.480> huge<00:16:22.720> dividend

that you know will take a huge dividend

that you know will take a huge dividend you<00:16:23.800> know<00:16:24.639> you<00:16:24.759> know<00:16:24.959> every<00:16:25.160> year<00:16:25.399> and<00:16:25.480> so

you know you know every year and so

you know you know every year and so they're<00:16:25.839> not<00:16:26.600> deriving<00:16:27.279> their<00:16:28.279> they're<00:16:28.399> not

they're not deriving their they're not

they're not deriving their they're not living<00:16:28.720> off<00:16:29.040> income<00:16:29.360> that<00:16:29.519> they're<00:16:29.680> working

living off income that they're working

living off income that they're working for<00:16:30.560> it's<00:16:30.759> maybe<00:16:31.079> investment<00:16:31.720> it's<00:16:31.959> you<00:16:32.079> know

for it's maybe investment it's you know

for it's maybe investment it's you know investment<00:16:32.560> income<00:16:32.880> either<00:16:33.040> from<00:16:33.199> an

investment income either from an

investment income either from an Investment

Investment

Investment Portfolio<00:16:35.560> um<00:16:36.240> or<00:16:37.240> uh<00:16:37.560> you<00:16:37.680> know<00:16:37.959> property<00:16:38.560> or

Portfolio um or uh you know property or

Portfolio um or uh you know property or kind<00:16:39.079> of<00:16:39.319> business<00:16:39.680> income<00:16:40.440> essentially<00:16:41.440> one

kind of business income essentially one

kind of business income essentially one point<00:16:41.759> I<00:16:41.880> always<00:16:42.199> like<00:16:42.319> to<00:16:42.440> make<00:16:42.600> on<00:16:42.759> this<00:16:42.920> is

point I always like to make on this is

point I always like to make on this is like<00:16:43.600> if<00:16:43.720> there's<00:16:43.920> somebody<00:16:44.240> who's<00:16:44.440> making

like if there's somebody who's making

like if there's somebody who's making income<00:16:45.639> and<00:16:45.759> they're<00:16:45.880> not<00:16:46.040> working<00:16:46.319> for<00:16:46.560> it

income and they're not working for it

income and they're not working for it somebody<00:16:47.680> else<00:16:47.839> is<00:16:48.000> working<00:16:48.240> for<00:16:48.440> it<00:16:48.920> and<00:16:49.120> in

somebody else is working for it and in

somebody else is working for it and in that<00:16:49.560> that<00:16:49.680> money<00:16:50.160> doesn't<00:16:50.440> just<00:16:50.680> spring<00:16:51.000> out

that that money doesn't just spring out

that that money doesn't just spring out of<00:16:51.240> the<00:16:51.319> ground<00:16:51.600> you<00:16:51.680> know<00:16:51.759> what<00:16:51.839> I<00:16:51.920> mean<00:16:52.040> that

of the ground you know what I mean that

of the ground you know what I mean that comes<00:16:52.480> from<00:16:53.000> when<00:16:53.120> you<00:16:53.240> pay<00:16:53.360> a<00:16:53.480> rent<00:16:53.680> when<00:16:53.759> you

comes from when you pay a rent when you

comes from when you pay a rent when you pay<00:16:54.000> a<00:16:54.079> mortgage<00:16:54.639> or<00:16:54.839> when<00:16:55.000> you<00:16:55.639> when<00:16:55.759> you<00:16:55.920> have

pay a mortgage or when you when you have

pay a mortgage or when you when you have commercial<00:16:56.480> transactions<00:16:57.160> a<00:16:57.279> chunk<00:16:57.519> of<00:16:57.639> that

commercial transactions a chunk of that

commercial transactions a chunk of that goes<00:16:58.079> to<00:16:58.560> the<00:16:58.880> own<00:16:59.079> of<00:16:59.160> the<00:16:59.199> businesses<00:16:59.600> the

goes to the own of the businesses the

goes to the own of the businesses the owners<00:16:59.920> of<00:17:00.000> the<00:17:00.160> assets<00:17:00.839> yeah<00:17:00.959> so<00:17:01.079> I'm<00:17:01.199> always

owners of the assets yeah so I'm always

owners of the assets yeah so I'm always trying<00:17:01.519> to<00:17:01.639> get<00:17:01.800> people<00:17:01.959> to<00:17:02.199> realize<00:17:03.000> there<00:17:03.160> is

trying to get people to realize there is

trying to get people to realize there is this<00:17:03.560> cash<00:17:03.759> flow<00:17:04.000> which<00:17:04.120> is<00:17:04.240> constantly<00:17:04.720> going

this cash flow which is constantly going

this cash flow which is constantly going from<00:17:05.480> Ordinary<00:17:05.919> People<00:17:06.079> to<00:17:06.160> the<00:17:06.240> owners<00:17:06.520> of

from Ordinary People to the owners of

from Ordinary People to the owners of assets<00:17:07.120> and<00:17:07.199> you<00:17:07.280> know<00:17:07.480> I'm<00:17:08.079> not<00:17:08.240> super<00:17:08.520> rich

assets and you know I'm not super rich

assets and you know I'm not super rich but<00:17:08.799> I'm<00:17:08.880> a<00:17:08.959> relatively<00:17:09.319> wealthy<00:17:09.640> person<00:17:09.839> as

but I'm a relatively wealthy person as

but I'm a relatively wealthy person as well<00:17:10.079> so<00:17:10.240> that<00:17:10.400> that<00:17:10.480> includes<00:17:10.880> me<00:17:11.160> you<00:17:11.280> know

well so that that includes me you know

well so that that includes me you know people<00:17:12.079> who<00:17:12.240> don't<00:17:12.439> own<00:17:12.760> assets<00:17:13.280> are

people who don't own assets are

people who don't own assets are continually<00:17:13.919> giving<00:17:14.120> money<00:17:14.319> to<00:17:14.480> people<00:17:14.679> who

continually giving money to people who

continually giving money to people who do<00:17:15.400> ear<00:17:15.679> assets<00:17:16.280> yeah<00:17:16.400> and<00:17:16.520> I<00:17:16.600> guess<00:17:16.720> you<00:17:16.799> got

do ear assets yeah and I guess you got

do ear assets yeah and I guess you got to<00:17:17.000> think<00:17:17.160> about<00:17:17.400> the<00:17:17.799> broad<00:17:18.280> implications<00:17:18.919> of

to think about the broad implications of

to think about the broad implications of that<00:17:19.400> in<00:17:19.640> society<00:17:20.160> so<00:17:20.439> someone<00:17:20.760> who<00:17:20.880> makes<00:17:21.160> a

that in society so someone who makes a

that in society so someone who makes a living<00:17:21.679> from<00:17:22.000> developing<00:17:22.640> properties<00:17:23.640> you

living from developing properties you

living from developing properties you know<00:17:23.919> doing<00:17:24.160> them<00:17:24.319> up<00:17:24.559> and<00:17:24.640> then<00:17:24.760> selling<00:17:25.079> them

know doing them up and then selling them

know doing them up and then selling them at<00:17:25.319> a<00:17:25.520> profit<00:17:26.199> what<00:17:26.360> is<00:17:26.480> that<00:17:26.679> doing<00:17:27.640> to<00:17:27.839> the

at a profit what is that doing to the

at a profit what is that doing to the market<00:17:28.439> what's<00:17:28.640> that<00:17:28.960> doing<00:17:29.640> how's<00:17:29.840> that

market what's that doing how's that

market what's that doing how's that affecting<00:17:30.280> ordinary<00:17:30.880> people<00:17:31.880> and<00:17:32.120> their

affecting ordinary people and their

affecting ordinary people and their ability<00:17:32.799> to<00:17:33.559> buy<00:17:33.919> homes<00:17:34.919> yeah<00:17:35.120> that's<00:17:35.640> point

ability to buy homes yeah that's point

ability to buy homes yeah that's point I'm<00:17:36.000> always<00:17:36.720> always<00:17:37.080> I<00:17:37.120> think<00:17:37.240> I'm<00:17:37.320> always

I'm always always I think I'm always

I'm always always I think I'm always trying<00:17:37.600> to<00:17:37.679> make<00:17:37.840> that<00:17:37.960> connection<00:17:38.400> basically

trying to make that connection basically

trying to make that connection basically between<00:17:39.360> and<00:17:39.480> I<00:17:39.600> think<00:17:40.360> what's<00:17:40.600> Happening<00:17:40.960> Now

between and I think what's Happening Now

between and I think what's Happening Now is<00:17:41.440> really<00:17:41.720> highlighting<00:17:42.240> that<00:17:42.520> like<00:17:43.200> if<00:17:43.320> the

is really highlighting that like if the

is really highlighting that like if the rich<00:17:43.720> get<00:17:43.880> richer<00:17:44.240> does<00:17:44.440> that<00:17:44.559> affect<00:17:44.840> you

rich get richer does that affect you

rich get richer does that affect you because<00:17:45.760> in<00:17:46.000> covid<00:17:46.520> we<00:17:46.640> saw<00:17:46.880> this<00:17:47.039> massive

because in covid we saw this massive

because in covid we saw this massive increase<00:17:47.679> of<00:17:48.039> the<00:17:48.160> wealth<00:17:48.360> from<00:17:48.480> the<00:17:48.640> rich<00:17:49.039> and

increase of the wealth from the rich and

increase of the wealth from the rich and it<00:17:49.240> was<00:17:49.440> easy<00:17:50.120> so<00:17:50.400> number<00:17:50.559> one<00:17:50.880> it's<00:17:51.000> easy<00:17:51.200> to

it was easy so number one it's easy to

it was easy so number one it's easy to not<00:17:51.400> notice<00:17:51.720> that<00:17:51.880> like<00:17:52.000> if<00:17:52.080> the<00:17:52.160> rich<00:17:52.360> make<00:17:52.480> a

not notice that like if the rich make a

not notice that like if the rich make a ton<00:17:52.720> of<00:17:52.919> money<00:17:53.919> you<00:17:54.039> know<00:17:54.200> you<00:17:54.280> don't<00:17:54.480> see<00:17:54.679> that

ton of money you know you don't see that

ton of money you know you don't see that that<00:17:55.000> happens<00:17:55.320> to<00:17:55.679> them<00:17:56.679> but<00:17:57.039> does<00:17:57.200> it<00:17:57.360> affect

that happens to them but does it affect

that happens to them but does it affect you<00:17:58.159> well<00:17:58.360> if<00:17:58.440> they<00:17:58.559> have<00:17:58.640> a<00:17:58.919> the<00:17:59.039> money<00:17:59.559> well

you well if they have a the money well

you well if they have a the money well they're<00:18:00.039> going<00:18:00.120> to<00:18:00.240> push<00:18:00.400> up<00:18:00.520> house<00:18:00.760> prices

they're going to push up house prices

they're going to push up house prices they're<00:18:01.600> going<00:18:01.679> to<00:18:01.799> buy<00:18:02.000> assets<00:18:02.360> they're

they're going to buy assets they're

they're going to buy assets they're going<00:18:02.559> to<00:18:02.679> buy<00:18:02.840> Commodities<00:18:03.640> you<00:18:03.760> know<00:18:03.960> it's

going to buy Commodities you know it's

going to buy Commodities you know it's going<00:18:04.200> to<00:18:04.280> make<00:18:04.400> your<00:18:04.559> life<00:18:04.720> more<00:18:04.919> expensive

going to make your life more expensive

going to make your life more expensive so<00:18:05.760> I'm<00:18:05.840> always<00:18:06.000> trying<00:18:06.159> to<00:18:06.240> make<00:18:06.400> that

so I'm always trying to make that

so I'm always trying to make that connection<00:18:07.000> because<00:18:07.600> for<00:18:07.799> me<00:18:07.960> what<00:18:08.120> I<00:18:08.240> do<00:18:08.480> you

connection because for me what I do you

connection because for me what I do you know<00:18:08.799> we<00:18:08.919> spoke<00:18:09.200> about<00:18:09.520> these<00:18:09.679> guys<00:18:09.840> are<00:18:10.039> not

know we spoke about these guys are not

know we spoke about these guys are not they're<00:18:10.440> not<00:18:10.559> Bond<00:18:10.840> villains<00:18:11.120> they're

they're not Bond villains they're

they're not Bond villains they're Ordinary<00:18:11.760> People<00:18:12.559> I've<00:18:12.720> got<00:18:12.880> no<00:18:13.039> hatred<00:18:13.360> for

Ordinary People I've got no hatred for

Ordinary People I've got no hatred for the<00:18:13.600> rich<00:18:13.799> I<00:18:14.000> myself<00:18:14.320> am<00:18:14.440> a<00:18:14.559> rich<00:18:14.799> person<00:18:15.080> but

the rich I myself am a rich person but

the rich I myself am a rich person but what<00:18:15.320> I<00:18:15.400> am<00:18:15.520> is<00:18:15.640> an<00:18:15.799> economist<00:18:16.440> you<00:18:16.559> know<00:18:17.039> and<00:18:17.200> I

what I am is an economist you know and I

what I am is an economist you know and I think<00:18:17.960> if<00:18:18.200> these<00:18:18.440> guys<00:18:18.720> are<00:18:18.880> generating<00:18:19.280> huge

think if these guys are generating huge

think if these guys are generating huge amounts<00:18:19.679> of<00:18:19.799> income<00:18:20.679> and<00:18:20.799> buying<00:18:21.039> more<00:18:21.159> and

amounts of income and buying more and

amounts of income and buying more and more<00:18:21.400> of<00:18:21.520> their<00:18:21.679> assets<00:18:22.159> and<00:18:22.280> taking<00:18:22.520> more<00:18:22.679> and

more of their assets and taking more and

more of their assets and taking more and more<00:18:23.080> of<00:18:23.240> the<00:18:23.320> share<00:18:23.640> of<00:18:23.799> the<00:18:23.960> wealth<00:18:24.720> then

more of the share of the wealth then

more of the share of the wealth then it's<00:18:24.960> going<00:18:25.039> to<00:18:25.120> make<00:18:25.240> allary<00:18:25.679> people<00:18:25.840> poorer

it's going to make allary people poorer

it's going to make allary people poorer yeah<00:18:26.720> I<00:18:26.760> mean<00:18:27.080> I<00:18:27.159> think<00:18:27.360> a<00:18:27.520> point<00:18:27.760> I<00:18:27.919> always

yeah I mean I think a point I always

yeah I mean I think a point I always like<00:18:28.240> to<00:18:28.360> make<00:18:28.520> is<00:18:28.640> that

like to make is that

like to make is that wealth<00:18:29.799> is<00:18:29.960> not<00:18:30.159> created<00:18:30.520> in<00:18:30.640> a<00:18:30.840> vacuum<00:18:31.400> and

wealth is not created in a vacuum and

wealth is not created in a vacuum and this<00:18:31.600> is<00:18:31.840> you<00:18:31.919> know<00:18:32.039> it's<00:18:32.200> not<00:18:32.360> about

this is you know it's not about

this is you know it's not about demonizing<00:18:33.159> wealthy<00:18:33.559> people<00:18:34.400> I<00:18:34.559> actually<00:18:35.240> had

demonizing wealthy people I actually had

demonizing wealthy people I actually had really<00:18:35.679> good<00:18:35.840> relationships<00:18:36.400> with<00:18:36.520> a<00:18:36.600> lot<00:18:36.720> of

really good relationships with a lot of

really good relationships with a lot of my<00:18:37.000> clients<00:18:37.520> back<00:18:37.799> you<00:18:37.919> know<00:18:38.039> when<00:18:38.159> I<00:18:38.240> was<00:18:38.360> a

my clients back you know when I was a

my clients back you know when I was a solicor<00:18:40.039> um<00:18:40.640> and<00:18:41.000> they<00:18:41.120> were<00:18:41.520> really<00:18:41.760> nice

solicor um and they were really nice

solicor um and they were really nice people<00:18:42.600> but<00:18:42.760> wealth<00:18:43.080> is<00:18:43.240> not<00:18:43.559> created<00:18:43.919> in<00:18:44.039> a

people but wealth is not created in a

people but wealth is not created in a vacuum<00:18:44.640> there's<00:18:45.600> there's<00:18:45.760> a<00:18:45.960> whole<00:18:46.520> you<00:18:46.640> know

vacuum there's there's a whole you know

vacuum there's there's a whole you know it's<00:18:46.880> in<00:18:47.000> the<00:18:47.159> context<00:18:47.520> of<00:18:47.640> a<00:18:47.760> broader

it's in the context of a broader

it's in the context of a broader economic<00:18:48.840> system<00:18:49.480> there<00:18:49.600> are<00:18:50.159> political

economic system there are political

economic system there are political choices<00:18:51.400> that<00:18:51.520> are<00:18:51.720> made<00:18:52.120> in<00:18:52.240> order<00:18:52.840> to<00:18:53.840> enable

choices that are made in order to enable

choices that are made in order to enable you<00:18:54.760> and<00:18:55.080> facilitate<00:18:56.080> um<00:18:56.480> certain<00:18:57.200> people

you and facilitate um certain people

you and facilitate um certain people certain<00:18:57.880> groups<00:18:58.120> of<00:18:58.320> people<00:18:59.039> certain

certain groups of people certain

certain groups of people certain demographics<00:19:00.880> um<00:19:01.840> to<00:19:02.120> benefit<00:19:02.840> and<00:19:03.039> to<00:19:03.400> to

demographics um to benefit and to to

demographics um to benefit and to to grow<00:19:03.880> their<00:19:04.039> wealth<00:19:04.320> or<00:19:04.440> to<00:19:04.559> create<00:19:04.880> wealth

grow their wealth or to create wealth

grow their wealth or to create wealth yeah<00:19:05.880> this<00:19:06.080> this<00:19:06.159> is<00:19:06.320> the<00:19:06.799> point<00:19:07.000> I'm<00:19:07.080> always

yeah this this is the point I'm always

yeah this this is the point I'm always trying<00:19:07.400> to<00:19:07.559> make<00:19:07.799> is<00:19:08.000> look<00:19:08.760> I've<00:19:08.880> got<00:19:09.039> nothing

trying to make is look I've got nothing

trying to make is look I've got nothing against<00:19:09.480> rich<00:19:09.720> people<00:19:10.159> but<00:19:10.360> what<00:19:10.480> I<00:19:10.559> don't

against rich people but what I don't

against rich people but what I don't like<00:19:10.840> is<00:19:10.960> ordinary<00:19:11.320> families<00:19:11.640> being<00:19:11.760> driven

like is ordinary families being driven

like is ordinary families being driven into<00:19:12.200> poverty<00:19:12.600> and<00:19:12.760> these<00:19:12.919> things<00:19:13.280> or<00:19:13.440> in<00:19:13.559> my

into poverty and these things or in my

into poverty and these things or in my opinion<00:19:14.840> connected<00:19:15.840> okay<00:19:16.080> but<00:19:16.760> what<00:19:16.880> I<00:19:16.960> want

opinion connected okay but what I want

opinion connected okay but what I want to<00:19:17.200> talk<00:19:17.320> about<00:19:17.559> now<00:19:17.840> is<00:19:18.080> tax<00:19:19.320> yeah<00:19:20.320> um<00:19:20.760> so<00:19:21.520> we

to talk about now is tax yeah um so we

to talk about now is tax yeah um so we all<00:19:21.880> hear<00:19:22.080> it<00:19:22.240> in<00:19:22.600> in<00:19:22.679> the<00:19:22.880> press<00:19:23.799> that<00:19:24.000> very

all hear it in in the press that very

all hear it in in the press that very rich<00:19:24.520> people<00:19:25.440> don't<00:19:25.679> pay<00:19:25.880> much<00:19:26.080> taxes<00:19:26.799> you<00:19:26.960> are

rich people don't pay much taxes you are

rich people don't pay much taxes you are probably<00:19:27.360> the<00:19:27.480> expert<00:19:27.799> to<00:19:27.919> talk<00:19:28.080> about<00:19:28.320> that

probably the expert to talk about that

probably the expert to talk about that is<00:19:29.240> that<00:19:29.640> true<00:19:30.640> well<00:19:31.159> I<00:19:31.280> think<00:19:31.880> what<00:19:32.080> I

is that true well I think what I

is that true well I think what I realized<00:19:33.320> I<00:19:33.440> mean<00:19:33.559> I<00:19:33.600> mean<00:19:33.760> one<00:19:33.840> of<00:19:33.960> the<00:19:34.120> things

realized I mean I mean one of the things

realized I mean I mean one of the things just<00:19:34.880> by<00:19:35.080> way<00:19:35.200> of<00:19:35.400> background<00:19:36.720> I<00:19:37.720> was<00:19:37.880> on<00:19:38.039> an

just by way of background I was on an

just by way of background I was on an amazing<00:19:38.600> career<00:19:38.919> directory<00:19:39.520> I<00:19:39.600> loved<00:19:39.960> I<00:19:40.039> loved

amazing career directory I loved I loved

amazing career directory I loved I loved my<00:19:40.400> job<00:19:40.559> I<00:19:40.640> used<00:19:40.799> to<00:19:40.880> skip<00:19:41.120> into<00:19:41.360> work<00:19:41.640> I

my job I used to skip into work I

my job I used to skip into work I thought<00:19:41.840> it<00:19:41.919> was<00:19:42.039> brilliant<00:19:42.799> I<00:19:43.200> was<00:19:43.640> you<00:19:43.760> know

thought it was brilliant I was you know

thought it was brilliant I was you know had<00:19:44.840> the<00:19:45.080> intellectual<00:19:45.640> and<00:19:45.840> academic

had the intellectual and academic

had the intellectual and academic stimulation<00:19:47.240> I<00:19:47.360> had<00:19:47.520> great<00:19:47.720> relationships

stimulation I had great relationships

stimulation I had great relationships with<00:19:48.360> my<00:19:48.480> clients<00:19:48.840> my<00:19:49.000> team<00:19:49.240> were<00:19:49.559> absolutely

with my clients my team were absolutely

with my clients my team were absolutely amazing<00:19:51.559> um<00:19:52.080> and<00:19:52.200> I<00:19:52.320> loved<00:19:52.600> it<00:19:53.240> um<00:19:53.480> but<00:19:53.600> it<00:19:53.679> was

amazing um and I loved it um but it was

amazing um and I loved it um but it was over<00:19:54.240> a<00:19:54.400> number<00:19:54.720> of<00:19:54.960> years<00:19:55.280> that<00:19:55.480> I<00:19:55.760> started

over a number of years that I started

over a number of years that I started becoming<00:19:57.039> quite<00:19:57.280> politicized<00:19:57.960> around<00:19:58.159> wealth

becoming quite politicized around wealth

becoming quite politicized around wealth and<00:19:58.679> typically<00:19:59.080> around<00:19:59.679> a<00:19:59.840> budget<00:20:00.120> or<00:20:00.240> an

and typically around a budget or an

and typically around a budget or an Autumn<00:20:01.039> statement<00:20:02.039> or<00:20:02.480> you<00:20:02.640> know<00:20:03.039> when<00:20:03.200> you

Autumn statement or you know when you

Autumn statement or you know when you would<00:20:03.480> hear<00:20:03.679> about<00:20:03.880> the<00:20:04.000> threat<00:20:04.240> of<00:20:04.360> a<00:20:04.480> labor

would hear about the threat of a labor

would hear about the threat of a labor government<00:20:05.960> um<00:20:06.120> I<00:20:06.200> started<00:20:06.520> to<00:20:06.679> think<00:20:07.159> what

government um I started to think what

government um I started to think what you<00:20:07.679> know<00:20:08.679> surely<00:20:09.080> if<00:20:09.200> you're<00:20:10.200> generally<00:20:10.760> if

you know surely if you're generally if

you know surely if you're generally if you're<00:20:11.840> forc<00:20:12.240> to<00:20:12.360> pay<00:20:12.559> more<00:20:12.880> tax<00:20:13.559> you're

you're forc to pay more tax you're

you're forc to pay more tax you're generally<00:20:14.080> on<00:20:14.159> The<00:20:14.280> Winning<00:20:14.720> Side<00:20:15.200> of<00:20:15.520> Life<00:20:16.520> so

generally on The Winning Side of Life so

generally on The Winning Side of Life so what<00:20:17.600> why<00:20:18.000> are<00:20:18.120> there<00:20:18.280> all<00:20:18.440> these<00:20:18.600> really

what why are there all these really

what why are there all these really negative<00:20:19.280> narratives<00:20:19.799> around<00:20:20.120> tax<00:20:20.480> that<00:20:20.600> are

negative narratives around tax that are

negative narratives around tax that are kind<00:20:20.880> of<00:20:21.039> coming<00:20:21.280> out<00:20:21.400> of<00:20:21.520> the<00:20:21.640> industry<00:20:22.080> that

kind of coming out of the industry that

kind of coming out of the industry that I'm<00:20:22.880> working<00:20:23.280> in<00:20:23.720> so<00:20:24.240> you<00:20:24.360> know<00:20:24.760> a<00:20:24.880> lot<00:20:25.039> of<00:20:25.600> my

I'm working in so you know a lot of my

I'm working in so you know a lot of my yeah<00:20:26.760> essentially<00:20:27.400> I<00:20:27.600> am

yeah essentially I am

yeah essentially I am the<00:20:29.919> Catalyst<00:20:30.440> for<00:20:31.120> leaving<00:20:31.520> my<00:20:31.720> job<00:20:32.039> was

the Catalyst for leaving my job was

the Catalyst for leaving my job was realizing<00:20:33.120> that<00:20:33.559> my<00:20:34.679> work<00:20:35.679> was<00:20:36.080> being<00:20:36.760> really

realizing that my work was being really

realizing that my work was being really skilled<00:20:37.520> and<00:20:37.679> doing<00:20:37.919> well<00:20:38.080> at<00:20:38.240> my<00:20:38.400> work<00:20:38.679> was

skilled and doing well at my work was

skilled and doing well at my work was having<00:20:39.120> an<00:20:39.320> impact<00:20:39.720> a<00:20:39.880> detrimental<00:20:40.520> impact<00:20:40.799> on

having an impact a detrimental impact on

having an impact a detrimental impact on our<00:20:41.159> economy<00:20:41.799> and<00:20:42.559> specifically<00:20:43.720> depriving

our economy and specifically depriving

our economy and specifically depriving our<00:20:45.000> government<00:20:45.520> and<00:20:45.720> probably<00:20:46.080> some

our government and probably some

our government and probably some governments<00:20:46.799> around<00:20:47.080> the<00:20:47.240> world<00:20:48.120> um<00:20:48.799> you<00:20:48.960> know

governments around the world um you know

governments around the world um you know when<00:20:49.240> dealing<00:20:49.480> with<00:20:49.640> International<00:20:50.240> clients

when dealing with International clients

when dealing with International clients depriving<00:20:51.520> those<00:20:51.679> governments<00:20:52.039> of<00:20:52.159> their

depriving those governments of their

depriving those governments of their ability<00:20:52.760> to<00:20:52.960> raise<00:20:53.640> taxes<00:20:54.280> the<00:20:54.480> the<00:20:54.640> correct

ability to raise taxes the the correct

ability to raise taxes the the correct amount<00:20:55.159> of<00:20:55.320> Revenue<00:20:55.760> to<00:20:55.960> invest<00:20:56.240> in<00:20:56.400> public

amount of Revenue to invest in public

amount of Revenue to invest in public services<00:20:58.000> um<00:20:58.360> and<00:20:58.480> this<00:20:58.600> this<00:20:58.720> all<00:20:58.840> came<00:20:58.960> to<00:20:59.120> a

services um and this this all came to a

services um and this this all came to a head<00:20:59.520> when<00:20:59.840> a<00:21:00.000> friend<00:21:00.440> of<00:21:00.559> mine<00:21:00.799> told<00:21:01.039> me<00:21:01.159> on

head when a friend of mine told me on

head when a friend of mine told me on New<00:21:01.400> Year's<00:21:01.840> Eve<00:21:02.840> um<00:21:03.080> in<00:21:03.240> 2019<00:21:03.960> that<00:21:04.120> there<00:21:04.240> are

New Year's Eve um in 2019 that there are

New Year's Eve um in 2019 that there are more<00:21:04.640> food<00:21:04.919> banks<00:21:05.240> than<00:21:05.360> McDonald's<00:21:05.880> in<00:21:05.960> the

more food banks than McDonald's in the

more food banks than McDonald's in the UK<00:21:07.760> and<00:21:08.159> when<00:21:08.320> I<00:21:08.440> heard<00:21:08.760> that<00:21:09.000> I<00:21:09.080> just<00:21:09.240> thought

UK and when I heard that I just thought

UK and when I heard that I just thought I<00:21:09.880> I<00:21:10.000> don't<00:21:10.480> I<00:21:10.600> can't<00:21:11.480> continue<00:21:11.919> being<00:21:12.240> part<00:21:12.440> of

I I don't I can't continue being part of

I I don't I can't continue being part of this<00:21:13.120> system<00:21:13.720> which<00:21:13.840> is<00:21:14.080> essentially

this system which is essentially

this system which is essentially designed<00:21:15.159> to<00:21:15.480> keep<00:21:16.440> concentrating<00:21:17.360> wealth

designed to keep concentrating wealth

designed to keep concentrating wealth and<00:21:18.240> minimizing<00:21:18.919> tax<00:21:19.679> so<00:21:19.880> a<00:21:19.960> lot<00:21:20.080> of<00:21:20.240> my<00:21:20.600> job

and minimizing tax so a lot of my job

and minimizing tax so a lot of my job was<00:21:21.440> to<00:21:22.440> um<00:21:22.640> you<00:21:22.720> know<00:21:22.799> I<00:21:22.880> did<00:21:23.000> a<00:21:23.080> lot<00:21:23.200> of

was to um you know I did a lot of

was to um you know I did a lot of succession<00:21:23.840> planning<00:21:24.720> and<00:21:25.320> Advising<00:21:25.760> on<00:21:25.919> kind

succession planning and Advising on kind

succession planning and Advising on kind of<00:21:26.200> asset<00:21:26.559> protection<00:21:26.960> and<00:21:27.200> asset

of asset protection and asset

of asset protection and asset preservation

preservation

preservation um<00:21:30.080> helping<00:21:30.440> people<00:21:30.600> to<00:21:30.799> pass<00:21:31.200> down<00:21:31.679> assets

um helping people to pass down assets

um helping people to pass down assets that<00:21:32.320> you<00:21:32.400> know<00:21:32.600> their<00:21:32.799> wealth<00:21:33.159> to<00:21:33.360> their

that you know their wealth to their

that you know their wealth to their families<00:21:34.200> their<00:21:34.400> children

families their children

families their children grandchildren<00:21:36.880> um<00:21:37.880> and<00:21:38.320> that<00:21:38.480> would

grandchildren um and that would

grandchildren um and that would invariably<00:21:39.520> involve<00:21:40.200> a<00:21:40.320> level<00:21:40.559> of<00:21:40.760> tax<00:21:41.080> advice

invariably involve a level of tax advice

invariably involve a level of tax advice normally<00:21:42.360> around<00:21:43.080> what<00:21:43.159> we<00:21:43.279> call<00:21:43.559> Capital

normally around what we call Capital

normally around what we call Capital taxes<00:21:44.400> so<00:21:44.720> inheritance<00:21:45.200> tax<00:21:45.520> capital<00:21:45.799> gains

taxes so inheritance tax capital gains

taxes so inheritance tax capital gains tax<00:21:47.480> um<00:21:47.919> on<00:21:48.120> sort<00:21:48.320> of<00:21:48.600> gifts<00:21:49.080> and<00:21:49.679> inheritance

tax um on sort of gifts and inheritance

tax um on sort of gifts and inheritance and<00:21:50.840> that<00:21:51.000> kind<00:21:51.159> of<00:21:51.320> thing<00:21:51.840> and<00:21:52.799> you<00:21:52.919> know<00:21:53.039> I

and that kind of thing and you know I

and that kind of thing and you know I realized<00:21:53.559> that<00:21:53.679> I<00:21:53.799> was<00:21:54.200> by<00:21:54.400> giving<00:21:54.679> this

realized that I was by giving this

realized that I was by giving this advice<00:21:55.480> I<00:21:55.600> was<00:21:55.840> directly<00:21:56.440> contributing<00:21:57.200> to

advice I was directly contributing to

advice I was directly contributing to this<00:21:57.720> problem<00:21:58.000> that<00:21:58.120> we<00:21:58.279> have<00:21:58.720> now<00:21:59.080> where<00:21:59.840> the

this problem that we have now where the

this problem that we have now where the government<00:22:00.440> doesn't<00:22:00.960> have<00:22:01.200> enough<00:22:01.640> Revenue

government doesn't have enough Revenue

government doesn't have enough Revenue to<00:22:02.279> invest<00:22:02.559> in<00:22:02.720> public<00:22:03.320> services<00:22:04.320> I<00:22:04.520> I<00:22:04.600> think

to invest in public services I I think

to invest in public services I I think that's<00:22:05.480> it's<00:22:05.679> super<00:22:05.960> relevant<00:22:06.320> to<00:22:06.480> what's

that's it's super relevant to what's

that's it's super relevant to what's happening<00:22:07.600> now<00:22:08.159> and<00:22:08.440> this<00:22:08.559> is<00:22:08.679> something

happening now and this is something

happening now and this is something which<00:22:09.400> I've<00:22:09.600> spoken<00:22:09.919> about<00:22:10.200> a<00:22:10.360> lot<00:22:10.559> in<00:22:10.679> the

which I've spoken about a lot in the

which I've spoken about a lot in the last<00:22:11.000> sort<00:22:11.159> of<00:22:11.279> few<00:22:11.440> months<00:22:11.679> of<00:22:12.080> videos<00:22:13.080> which

last sort of few months of videos which

last sort of few months of videos which is<00:22:14.080> we've<00:22:14.279> got<00:22:14.440> this<00:22:14.640> narrative<00:22:15.480> which<00:22:15.679> was

is we've got this narrative which was

is we've got this narrative which was happening<00:22:16.320> now<00:22:16.919> everybody<00:22:17.200> knows<00:22:17.440> there's<00:22:17.600> an

happening now everybody knows there's an

happening now everybody knows there's an economic<00:22:18.080> crisis<00:22:18.520> like<00:22:19.440> everybody<00:22:19.760> can<00:22:19.880> see

economic crisis like everybody can see

economic crisis like everybody can see that<00:22:20.400> right<00:22:20.720> it's<00:22:21.159> affecting<00:22:21.559> people

that right it's affecting people

that right it's affecting people directly<00:22:23.000> and<00:22:23.159> everybody<00:22:23.440> wants<00:22:23.640> the

directly and everybody wants the

directly and everybody wants the government<00:22:24.000> to<00:22:24.440> help<00:22:25.440> and<00:22:25.559> the<00:22:25.679> government<00:22:26.000> is

government to help and the government is

government to help and the government is saying<00:22:26.360> oh<00:22:26.559> there's<00:22:26.679> only<00:22:26.840> so<00:22:26.960> much<00:22:27.120> we<00:22:27.240> can<00:22:27.400> do

saying oh there's only so much we can do

saying oh there's only so much we can do right<00:22:28.279> and

right and

right and nobody<00:22:29.960> ever<00:22:30.120> talks<00:22:30.360> about<00:22:30.559> the<00:22:30.679> fact<00:22:30.960> that<00:22:31.120> in

nobody ever talks about the fact that in

nobody ever talks about the fact that in the<00:22:31.480> last<00:22:31.919> two<00:22:32.120> and<00:22:32.200> a<00:22:32.320> half<00:22:32.520> years<00:22:32.840> we've<00:22:33.000> seen

the last two and a half years we've seen

the last two and a half years we've seen the<00:22:33.360> biggest<00:22:33.679> and<00:22:33.880> fastest<00:22:34.600> ever<00:22:35.000> increase<00:22:35.360> in

the biggest and fastest ever increase in

the biggest and fastest ever increase in millionaire<00:22:35.799> and<00:22:35.919> billionaire<00:22:36.279> what<00:22:37.000> that

millionaire and billionaire what that

millionaire and billionaire what that the<00:22:37.279> average<00:22:37.559> billionaire<00:22:37.960> increased<00:22:38.320> their

the average billionaire increased their

the average billionaire increased their wealth<00:22:38.720> by<00:22:38.919> 22%<00:22:39.679> in<00:22:39.760> the<00:22:39.960> first<00:22:40.520> one<00:22:40.760> year<00:22:40.880> of

wealth by 22% in the first one year of

wealth by 22% in the first one year of Co<00:22:41.320> that<00:22:41.440> £450<00:22:42.360> billion<00:22:42.720> pound<00:22:43.200> went<00:22:43.400> from<00:22:43.480> the

Co that £450 billion pound went from the

Co that £450 billion pound went from the government<00:22:43.840> to<00:22:43.960> the<00:22:44.080> rich<00:22:44.679> right<00:22:45.400> like<00:22:45.600> the

government to the rich right like the

government to the rich right like the government<00:22:46.000> gave<00:22:46.200> 450<00:22:46.679> billion<00:22:46.919> P<00:22:47.120> to<00:22:47.200> the

government gave 450 billion P to the

government gave 450 billion P to the rich<00:22:47.640> and<00:22:47.720> now<00:22:47.840> they're<00:22:47.960> saying<00:22:48.240> well<00:22:48.360> I'm

rich and now they're saying well I'm

rich and now they're saying well I'm sorry<00:22:49.720> there's<00:22:49.919> no<00:22:50.080> money<00:22:50.679> and<00:22:50.799> I<00:22:50.880> think<00:22:51.120> this

sorry there's no money and I think this

sorry there's no money and I think this sort<00:22:51.440> of<00:22:51.600> perfectly<00:22:52.000> draws

sort of perfectly draws

sort of perfectly draws that<00:22:54.400> that<00:22:54.919> connection<00:22:55.919> that<00:22:56.120> look<00:22:56.360> if<00:22:56.760> if<00:22:56.880> the

that that connection that look if if the

that that connection that look if if the rich<00:22:57.240> don't<00:22:57.440> pay<00:22:57.640> taxes<00:22:58.919> affect<00:22:59.919> the<00:23:00.080> rest<00:23:00.279> of

rich don't pay taxes affect the rest of

rich don't pay taxes affect the rest of us<00:23:00.679> you<00:23:00.760> know<00:23:01.000> and<00:23:01.640> I<00:23:01.720> think<00:23:01.880> it's<00:23:02.039> important

us you know and I think it's important

us you know and I think it's important to<00:23:02.480> realize<00:23:03.000> you

to realize you

to realize you know<00:23:05.080> public<00:23:05.360> services<00:23:05.760> will<00:23:05.919> still<00:23:06.279> have<00:23:06.480> to

know public services will still have to

know public services will still have to be<00:23:06.720> provided<00:23:07.120> and<00:23:07.240> if<00:23:07.320> the<00:23:07.440> rich<00:23:07.600> don't<00:23:07.799> pay

be provided and if the rich don't pay

be provided and if the rich don't pay taxes<00:23:08.360> somebody<00:23:08.640> else<00:23:08.880> has<00:23:09.039> to<00:23:09.679> and<00:23:09.799> you<00:23:09.880> know

taxes somebody else has to and you know

taxes somebody else has to and you know I<00:23:10.320> I<00:23:10.400> was<00:23:10.559> in<00:23:10.640> a<00:23:10.840> situation<00:23:11.440> and<00:23:12.440> you<00:23:12.640> might

I I was in a situation and you might

I I was in a situation and you might have<00:23:12.919> been<00:23:13.039> in<00:23:13.159> this<00:23:13.279> situation<00:23:13.679> yourself

have been in this situation yourself

have been in this situation yourself where<00:23:15.000> you<00:23:15.159> are<00:23:15.320> working<00:23:15.679> for<00:23:16.200> people

where you are working for people

where you are working for people bringing<00:23:17.559> their<00:23:17.720> tax<00:23:17.960> level<00:23:18.279> down<00:23:19.279> and

bringing their tax level down and

bringing their tax level down and they're<00:23:19.679> able<00:23:19.919> to<00:23:20.080> do<00:23:20.279> that<00:23:20.480> pay<00:23:20.640> low<00:23:20.880> level<00:23:21.080> of

they're able to do that pay low level of

they're able to do that pay low level of taxes<00:23:21.720> because<00:23:21.960> they're<00:23:22.120> getting<00:23:22.480> income

taxes because they're getting income

taxes because they're getting income from<00:23:23.159> wealth<00:23:23.960> whereas<00:23:24.320> you<00:23:24.960> who<00:23:25.120> are<00:23:25.240> getting

from wealth whereas you who are getting

from wealth whereas you who are getting your<00:23:25.600> income<00:23:26.120> from<00:23:26.440> working<00:23:27.440> and<00:23:27.600> probably

your income from working and probably

your income from working and probably getting<00:23:28.000> lower<00:23:28.200> income<00:23:28.600> than<00:23:28.799> them<00:23:29.400> I<00:23:29.480> don't

getting lower income than them I don't

getting lower income than them I don't know<00:23:29.720> about<00:23:29.880> you<00:23:30.000> but<00:23:30.120> I<00:23:30.240> paid<00:23:30.440> 50%<00:23:30.960> income<00:23:31.279> tax

know about you but I paid 50% income tax

know about you but I paid 50% income tax when<00:23:31.679> I<00:23:31.760> was<00:23:32.120> working<00:23:33.120> so<00:23:33.600> were<00:23:33.799> you<00:23:33.919> in<00:23:34.080> a

when I was working so were you in a

when I was working so were you in a situation

situation

situation where<00:23:36.480> you<00:23:36.600> were<00:23:36.760> paying<00:23:36.960> high<00:23:37.200> rates<00:23:37.400> of<00:23:37.520> tax

where you were paying high rates of tax

where you were paying high rates of tax and<00:23:38.279> the<00:23:38.440> people<00:23:38.640> you<00:23:38.720> were<00:23:38.840> working<00:23:39.080> for<00:23:39.240> who

and the people you were working for who

and the people you were working for who are<00:23:39.480> much<00:23:39.600> richer<00:23:39.880> than<00:23:40.039> you<00:23:40.919> um<00:23:41.520> that's<00:23:41.679> an

are much richer than you um that's an

are much richer than you um that's an interesting<00:23:42.320> question<00:23:42.720> I<00:23:42.799> mean

interesting question I mean

interesting question I mean I<00:23:45.039> I<00:23:45.200> suspect<00:23:45.600> in<00:23:45.799> some<00:23:46.159> cases<00:23:46.960> when<00:23:47.080> you<00:23:47.240> look

I I suspect in some cases when you look

I I suspect in some cases when you look at<00:23:47.559> the<00:23:47.760> proportion<00:23:48.360> of<00:23:49.120> my<00:23:49.320> income<00:23:49.720> that<00:23:49.880> was

at the proportion of my income that was

at the proportion of my income that was taxed<00:23:51.919> um<00:23:52.640> yeah<00:23:53.080> perhaps<00:23:53.400> it<00:23:53.520> was<00:23:53.919> overall<00:23:54.919> um

taxed um yeah perhaps it was overall um

taxed um yeah perhaps it was overall um that<00:23:55.840> that<00:23:55.919> I<00:23:56.039> was<00:23:56.279> paying<00:23:56.559> proportionately

that that I was paying proportionately

that that I was paying proportionately higher<00:23:57.600> taxes<00:23:58.120> than

higher taxes than

higher taxes than than<00:23:59.240> some<00:23:59.360> of<00:23:59.480> the<00:23:59.600> people<00:23:59.760> I<00:23:59.919> worked<00:24:00.240> with

than some of the people I worked with

than some of the people I worked with for<00:24:00.640> sure<00:24:01.440> um<00:24:02.000> particularly<00:24:02.440> people<00:24:02.640> that<00:24:02.760> are

for sure um particularly people that are

for sure um particularly people that are relying<00:24:03.279> on<00:24:03.440> dividend<00:24:03.919> income<00:24:04.760> you<00:24:04.919> know

relying on dividend income you know

relying on dividend income you know rental<00:24:06.000> income<00:24:07.000> um<00:24:07.640> when<00:24:07.799> you<00:24:07.960> TOS<00:24:08.279> up<00:24:08.600> how

rental income um when you TOS up how

rental income um when you TOS up how much<00:24:09.360> tax<00:24:09.600> you're<00:24:09.799> paying<00:24:10.039> as<00:24:10.120> an<00:24:10.240> ordinary

much tax you're paying as an ordinary

much tax you're paying as an ordinary person<00:24:11.200> you<00:24:11.320> know<00:24:11.480> V<00:24:12.080> you're<00:24:12.279> bearing<00:24:13.279> council

person you know V you're bearing council

person you know V you're bearing council tax<00:24:14.080> and<00:24:14.400> income<00:24:14.679> tax<00:24:14.919> National<00:24:15.200> Insurance

tax and income tax National Insurance

tax and income tax National Insurance and<00:24:16.440> it's<00:24:16.679> it's<00:24:16.799> a<00:24:16.960> lot<00:24:17.760> and<00:24:17.880> when<00:24:18.000> it<00:24:18.120> comes<00:24:18.279> to

and it's it's a lot and when it comes to

and it's it's a lot and when it comes to passing<00:24:19.279> like<00:24:19.520> large<00:24:19.880> amounts<00:24:20.159> of<00:24:20.279> wealth

passing like large amounts of wealth

passing like large amounts of wealth down<00:24:21.320> from<00:24:21.559> generation<00:24:21.960> to

down from generation to

down from generation to generation<00:24:24.400> would<00:24:24.559> you<00:24:24.720> say<00:24:25.000> very<00:24:25.240> rich

generation would you say very rich

generation would you say very rich families<00:24:25.960> and<00:24:26.159> very<00:24:26.360> rich<00:24:26.559> people<00:24:26.760> are

families and very rich people are

families and very rich people are generally<00:24:27.360> able<00:24:27.559> to<00:24:27.720> do<00:24:27.880> that<00:24:28.039> at<00:24:28.399> very<00:24:28.559> low