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Why Don't You Look Like A Millionaire?

January 16, 2022
00:00:18

um yes i've seen the comments on a lot of the  videos yeah sometimes people um seem to be  

00:00:27

they think i should be wearing some gold  trainers or something um but yeah look for me  

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obviously you grew up with me so you know sort  of what it was like for me growing up, growing up  

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there wasn't a lot of money there wasn't really  any money you know i couldn't, i never was able  

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to sort of go shopping buy clothes stuff like that  it was always hand-me-downs this kind of thing  

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and like if if i had money to buy food it would  have to be like whatever was cheap it's like  

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70p scotch egg from tesco's or like you know  halal fried chicken £1.99 this kind of thing  

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um so obviously for me growing up i never really  got into the habit of spending money because  

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there was never no money to spend really but as  you know i was very committed to making money  

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i always wanted to make a lot of money um and  then when i got my job in the city as a trader um

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actually the amount of money people was making was a lot more than i thought

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was a lot of money like the amount of  money which was a lot of money to them  

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was a lot more than what i  had imagined basically and um  

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i realised 2 things like quite early in my career which was - 1. these guys are making a lot  

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of money like really a lot of money and 2. most  of these guys have got no idea what they're doing  

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so like, i remember one guy like when  early in my career there was a guy trading  

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on my desk and he like rocked up at like 10am  we were supposed to start at 7am and the boss  

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asked him why why are you getting in this late  and he said last night was um Russian new year  

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he said he'd been out partying all night and this guy didn't know what he was doing but i  

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realised that there was a lot of guys didn't know  what they were doing and they're making a lot of  

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money and that made me realise if i really get my  head down i can figure out what's happening here  

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you know like i've spoken in my other videos about  how the predictions are wrong every single year so  

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i realised look these guys don't know what they're  doing, they're still making a lot of money if i can  

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figure out what's really happening here i can make  in a few years enough money to retire basically  

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and like i got my head down and just  devoted myself to like i want to figure out  

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what's happening in the economy? how to be the best trader that there is basically  

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and i was just obsessed with that, that's all  i thought about, that's all i did every day  

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and um i was so obsessed with becoming the   best trader that i didn't really have time to think  

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about what to do with this money and like i sort  of put my head down for like two, three years and  

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by the time i looked up i was the top trader in  the bank and i'd made millions of pounds basically  

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and then it was just there and then suddenly like  i didn't even really, i came from being very poor  

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and not ever spending money and then by the  time i made money by the time i'd stopped  

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working out how to make money, i was already really rich basically, rich enough to retire so

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but as i've spoken about in some of my other videos i made the money by betting that the

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global economy was going to be terrible forever so it was like a mad situation i was in right where

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i'd made all this money & i never even started spending money so i'm still living like an ordinary

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person in terms of spending & yet suddenly i've made millions of pounds by betting the world was 

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gonna be terrible forever you know what i mean   so then it was like by then it was enough money  

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to retire you know i mean and then i was sort of  thinking well if you've got enough money to retire  

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and you know that terrible things are going to  happen probably you need to retire and try and do 

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something at least say something you know even  if it's not going to work you have a responsibility  

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don't you, to try and say something so then like i quit the job right and um i quit the job before

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i'd ever really started spending money but then when i quit the job then i didn't have no income

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you know what i mean so then suddenly  it was a weird situation where i had a lot  

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of money in the bank but i'd gone back into a  situation where like month to month i wasn't  

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having any money coming in, so it's kind of a  weird situation and um even though i knew that i  

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had made a lot of money it was um it's this  weird sort of insecure feeling when there's  

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nothing coming in like that was like, you know  what it was like when i was a kid and then um  

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i just um i just thought i'd go back  to like how life always was not like  

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don't get me wrong right i'm not eating scotch  eggs from tesco anymore, well i do sometimes 

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but um you know i like to travel and you know  sometimes i go to restaurants and you know  

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you know i eat when i need to eat, like i used  to skip meals now i don't have to do that but  

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for me like i suppose i became so interested in  economics and the economy that like that is what i  

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put my energy into you know what i mean and  also i know what it's like to not have money  

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it's it's [ __ ] to not have  money it's difficult and um  

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for me the most important thing about having  money is i don't need to worry about paying  

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a mortgage i don't need to worry about paying  the bills i don't need to worry about my kids  

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being poor like i was poor you know i mean for me that's that's what i really want like i don't really

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need a gold chain and you know what i mean pair of balenciaga's like for me i was never really  

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interested in that, don't get me wrong like if you work your whole life to buy like a dream car then  

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go and buy it but for me it was never really about  that i just wanted to be a damn good trader and  

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and i was & also to just not have those worries that my parents had & that i had

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when i was a kid, so for me like that money  i can use it to bet on the markets i can use it to  

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to exercise my skill which is understanding  the economy and being a good trader but  

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the most important thing about it is it means  that i have the freedom to do this as my job  

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you know i don't get paid to do this, i do this  because i think it's important that people know  

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that the only way to make things better is to  deal with this problem of wealth inequality so

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so yeah if people want to know why um i don't drive  a lamborghini in my videos it's um it's because um  

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nobody's paying me to make them  and um i don't need the lamborghini  

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for me look i'm just a regular guy i'm here for  the economics that's um yeah that's it you know  

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maybe if i start getting 100 million  views things will change but um we'll see

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but poorer families will be forced to lose almost all their assets including their home

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we have a tax system which is very efficient at taxing ordinary working people  

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but very inefficient at taxing the super rich