BIGGEST RIP-OFFS YOU'VE EVER PAID FOR?! - EP 198

0:00All right. I'm starting with that. You got the new night sun from New York? I know, mate. I actually went a little bit mad, to be honest. I basically took enough space in the suitcase. One side was completely empty. I was like, sod it. I was like, never going to go here again for at least a few years' time. So I was like, let's make the most of it. I'll hit Supreme. I hit Foot Locker. I went nuts. I got hats for like every day of the week. You call them Tuesday, Wednesday, Thursday. fine today's a no hat day then well just for you guys if i had it on here on a finance podcast people might not take me seriously but uh probably they can't see the shoes to be fair they can't actually i'll do it lovely green like the mask yeah they are pretty green to be honest but they matched a little yeah i was gonna say you're matching with the green yeah that's the idea that's the idea i've gone color coordinated i bought a wardrobe that you should rotate so that's what i've been banging on about in the content recently a lot of people like because a lot of people they get their trends they get wrapped up in the like birkin bag right and then they get like buy the birkin bag six months later everyone's on a different hype like what was it the mark jacobs tote bag and all stuff like that and the boots and especially with girls like it it's huge right but blokes get wrapped up in it as well like we do it with haircuts and we do x y and z but i've bought stuff that i can like i can mix and match everything that i've bought so it's always just like a rotation for me i just have that as a cool wardrobe and now i don't need to buy anything and I'm not going to get wrapped up in trends.

1:29Fashion influencer now. Yeah. Not an income stream. You made some money on the sneaks as well, eh? I did, yeah. So these in the UK were 180 quid and then over there they were$110. So it's about, what, 80 odd quid? Yeah. 85 quid? Well, you should have done is took in another suitcase, filled them all up and flogged them. Arbitrage trade. So I was sending pics to the boys and they were like, that one, that one, that one, that one. And I was like, mate, I can't carry all of this. and then we were looking up postage and eventually it was just like i'm not doing it boys sorry um so i got my mate one pair like because i was like he was desperate yeah he loves um i think it's mx 97s is what they are and if you go into this footlocker it's another world man they've got like whole walls of just that type of trainer and then you just go to the next one and the next one i'm standing there because i'm a trainer geek i used to resell with trainers a lot and i was like Oh my God.

2:26But hey-ho, we are here. Welcome, lads. We're going to try something a little bit different today. It's going to be a bit of a game show, having a bit of laugh. People should learn some things. We're basically going to just see what you guys come up with. Hopefully there's some agreements and some disagreements, and we can have a right old good laugh. But I want to go into first, it's called The Big Three. So the big three is basically where we're going to talk about essentially something that's happened in the news and we're going to discuss it. Now, a dating app got sold this week. Originally, it was priced at$14 billion.

3:05Do you know which dating app that is and how much it's sold for? Bumble. Bumble. It was Bumble. I'm trying to think. I popped up on my FT this morning. And I thought, no, I'm going to be absolutely bad. So it was valued at 14, sold at 20? No, no, no. It was much lower than that. Yeah, way worse. So it was originally valued at$14 million. Was this in 2021 when rates were low? Yes, and also when they raised and they went through a period of rapid growth. But - Like one bill? You're not far away. What? So a multitude of 14 lower. So 1.3 billion they sold in dollars. so about£980 million. Still good pay, Dave.

3:48It's like a 90 % crash then from where it was valued at before. Depends where you're in. So, I mean, if you think free trade, IG bottom, the price on that was 75 % lower than the peak. I was in that and I made like 50p. Oh, no. I invested twice in that years and years ago. I think my average rate of return over the sort of like, maybe like five or six years I was invested in was like 0.7%. So, I should have put it in a global ETF. Yeah. Yeah. always but at one point i got an email being like i made so much money on paper it was only about a few hundred quid so it was a bit of fun really but i'd made so much money on paper yeah so i had it in my investment spreadsheet being like oh this is great and then i got the email we've been sold this is what you're gonna get for each like c's we got in and i worked it out i was like this is pointless how did you do that then through it was through crowdcube yeah yeah um i really like the app it was like the best investing app back then like in terms of the layout it was really cheap before it became fee trade when they started increasing all their fees.

4:44But yeah, it didn't work out well. Yeah. Have you used free trade before? Nope. Yeah, I still use it. It's still a good app and I've actually now put stuff back no longer behind a paywall. So it is free trade again now. Okay. But there's so much competition I feel like they've had no choice. Yeah. But I didn't know about... As soon as they whacked the ISO behind it was a$3.99 paywall. I was like, come on. And$9.99 for the SIF. Yeah. Yeah, was it$9.99 for the SIF? Yeah. Oh my God. Why do you that in this day and age when everybody else is doing completely the opposite. I think they just hope that enough people are done, that they will pay it.

5:15Because why would you pay it? There's so many better options that are free. It was like with Emma, and we're obviously looking at them, and they're a big competitor of Gains app, and they have subscription models, and you get different interest rates, and you get different things for it. But looking at some of theirs, and it's like, wow, a lot of this is free or available. That's what we've done. We've made a lot of it free, just to kind of like counteract that subscription blow that people get. And if people want to add more banks, then it costs us money, so it has to cost you money. And we're open and honest about it.

5:46But with Free Trade, I feel like they rug-pulled everyone. It was pretty savage, man. Number two, more directed at you, Reisky, because we're big gooners. Arsenal are, of course, the Premier League champions, but they recorded record revenues. And this week they did announce job cuts, which pretty savage. Do you know how much a year they're looking to try and save? I know they sacked 60 people. Are they trying to save what? I don't know. Was it like a few million a year? Seven. Seven million. Yeah. I mean, the thing is, I'm pretty sure we just made like hundreds of million for winning the league and coming second in the Champions League.

6:23And obviously Arteta's got a massive pay rise for his new contract. So I don't really think they should have made those people redundant. It's a bit ridiculous. And do you know what? This actually reminds me. During COVID, didn't we make Gunasaurus redundant? Yeah. and I think Ozil had to bail him out to cover his wages or something I mean obviously yeah I love Arsenal and we're doing well but I don't think we should be making people redundant we should be hiring more people to grow the brand and the club even bigger in my opinion a lot of it they said was down to a further 800 staff are at risk oh wow Arsenal's last account showed a record revenue of 691 million yet they made a loss of 1.4 million and wages alone of the players was 346 million so you know every player can take a 1k per week pay cut exactly and it'll probably cover the 7 million well this came up when Jim Rackgiff took over Man United and he fired the you remember he fired the dinner ladies oh yeah that was shocking and you just think what are you doing brutal man and then they were like players were like I will pay for her to stay as a port like Jill's been here for 40 years yeah yeah the receptionist as well she's like oh I've been here 45 years and they've just axed me savage but that's the world we live in I think like you know we're sort of seeing that across sectors as well you see vast cuts from from meta really interestingly there was loads of cuts I don't know if you saw this Michael in the news but there was loads of brands cutting and then they've realized they've cut too far so now they're really rehiring because they were all like AI's here AI can't do everything they still need some human involvement yeah and also they are inevitably gonna I think they already are but increasing how much AI costs with the credits so eventually you're going to need probably more humans when AI eventually becomes more expensive than the human.

8:05One of the big things which winds me up a lot, and I went on holiday and we got dropped off, and the drop-off costs at the airport. Do you not think that's like the biggest scam? Like Ubers and taxis? No, like, let's say your mum drops you at the airport as a fan. Oh, this is a scam. I'm looking at it now or something. I'm sure I read someone's looking at a rip-off airport charges. Gatwick. This is a massive scam, because when I was in Australia for years, I've been to loads of different airports over there. there's no charge I'm pretty sure when I've been to America there's normally no charge but whenever you go in this country it costs an absolute fortune so Stance to the airport my parents live 10 minutes from there luckily they've got this residence card so when I get picked up it's only 50p but without that it'd be£7.50 for half an hour I think so you should drive through is there another free period because at Teesside there is no free period the second you drive through it's like 200 metres there's like different pick up points you jump in 30 seconds £7.50 it's crazy I don't know why they it's the same with like when you have to pay even though I had a hospital appointment in Hertford on Monday and you have to pay like£3.60 for an hour because I remember back in Covid they cut all the NHS didn't have to pay for parking for staff which they shouldn't do anyway and then the second everyone went quiet parking's back up I don't know why they're trying to just like constantly rinse people for things that should just be free like airport parking hospital parking that's crazy do you know what I think it's like everywhere you look right now it's like oh they've walked through a door one pound one pound yeah fill up the jar you swore I paid 20p to pee the other day you paid 20p yeah what for a to go to the toilet yeah I was going to say toilet which like I sort of get because but 20p man yeah 20p is nothing right it's like a tap of the card it's these little things though and so Gatwick was seven quid it's now a tenner oh my god it's crazy to drop someone off it's absolutely mad and that's changed as well so so London City as£8 for five minutes, which works out about£1.60 a minute.

10:04That's a good hourly rate of pay. You can't get out this good hourly rate of pay. The government is, however, looking at this. And as they should. Looking and doing the two different things. Well, yeah. I think we've seen that quite a lot. But Mr Burnham does love a quick win by the looks of things, doesn't he? So I think that hopefully we'll get something there. but I don't know if you saw this as well the Joshua Fury it's finally happening guys after like 10 years of banter it should have happened years ago when they were both undefeated I mean I know it's sold out but it's just going to be so anti-climatic compared to it was like 10 years ago when those two Wilder everyone was undefeated doesn't he retire and then come back I've lost out the count of how many times he's retired about 50 times yeah but it'll still be a good fight it'll still be great and it's in Cardiff which is good At least it's not in the Middle East.

10:57It's still 1am though, right? Yeah. Me, I'm asleep at night. Yeah. So I'm going to have to just have a coffee at night before just to get through it. But have you seen the resale value of these tickets? No. I haven't, no. Take a guess at how much inner ringside tickets have got to on the resale market. What do they actually cost without? Good question. Like a few hundred? £75 for standard seats. You're looking inside ringside at around just under 1 ,000. oh the resale is going to be it can't is it five figures I'd be shocking if it is it's not yet is it three four five it's five figures sorry it is five it's like 15 grand is it yeah wow you're way below way below so it originally cost a K now it's like 30 K mate this is why I've got to invest in my time to get these bots to buy these tickets mate it's 73 ,643 pounds in the ringside seats I mean I just hate like because I thought I talked to my dad the other day because even when he went to the Champions League final in 06 against Arsenal PSG, he had to go to the ticket office and get his ticket.

11:59So you know a real fan is actually going to get it. It's the same when I was at the World Cup in Mexico this year. All the resale tickets, even like Uzbekistan, Colombia, and the Azteca, was like a thousand plus USD. And face value is so much cheaper than that. It's so annoying how you've got all these people buying bots who aren't even fans who are just going to resell the ticket just to make money. I mean, I sort of get it, like you make money, fair enough, but they should somehow allocate a lot of tickets to real fans. I probably would do that. but I mean that's mental 1k to 73k yeah it's like who's going to pay that one bed flat in 10 years of the north have any actually sold at that price oh they've yeah I mean they're going so they have transacted oh yeah they will they will it's like no but have the because someone can list something but unless there's a buyer oh that's a good question I don't know but I would imagine so you can probably track it yeah it's annoying when they do that I'd rather watch it on TV hey I said to the boys I was like go out and buy the sickest Samsung OLED 6k thing for seven grand.

12:56You've got that for the rest of your life. Stock up. Pay for the pay-per-view. Get some sick snacks in. Get a private chef. And you're still less. Get some sushi master in the kitchen. Unreal. And it will be way better. It will be cool. If you think like ringside, what you looking up like that, you can't even see because of the ropes and everything. I went to Joshua Klitschko at Wembley. We were quite high up and it was unreal, like the atmosphere. But still, you couldn't see it I was watching it on the screen so you were like it was so small like you couldn't see things happening you were just going you just didn't react to that so I do love going to sporting events for the atmosphere even when you have a bad view it's just annoying that some of these retail tickets are mental you almost now have to get the ticket through luck through the ballot or through like the just like the website loading and being lucky for you because you've got no chance of getting a resale same as festivals same as gigs isn't Wimbledon not you can't resell them to a pointless adventure yeah tickets so i think you can get you come out don't you get them off people yeah yeah it's probably it's probably a fair system yeah tom cruise's digger film have you seen it yeah have you it's abysmal is it is it bad it's abysmal my brother loves films so he like enjoyed it because he has this he's good tom cruise is he does some unreal acting and there's one like really good scene but i'm not a massive film buff i don't really watch films or go to cinema much but it wasn't really much of a story it was a bit weird like it probably one of those films where it'll win awards because it's just how it is.

14:25But I just would rather like an action film that's like easy to follow and there's a lot of like random stuff going on. But I know it bombed at the box office and it made like 8 million in the first year, in the first week, and it cost about 160 million. 300. 300. 300 million. 300 million with marketing. How much is it projected to lose? Oh, it's going to be like, well, like 250 mil? You're really close. Yeah, I was thinking like it's going to be 8%. Because I saw a tweet saying it made 8 million in the first week. Yeah. So it's up to like 35 now. Okay. Which is bad. I paid my Roxy Bishop's Thortford 12 pounds.

14:58Yeah. Yeah. Well done, mate. You contributed. I still don't know what the film's about. Yeah. I can't even explain it. I've seen it. It doesn't really have the most appealing title, though, does it? No, Digger. Yeah. I mean, it makes me think of JCBs and stuff. A hundred percent. Do you know what Tom Cruise did, though, about in this contract with the studio? And that's what it's... He probably had a clause where he gets paid out regardless of sales, right? You nailed it. which is exactly what I would do so the studio is potentially losing hundreds of millions but they still have to pay Tom Cruise well why would he take the risk because he's Tom Cruise he can just say whatever he wants he is really good in it to be fair and I'm saying there's one little scene where he's really good and apparently he might win an Oscar because of it so he is good but the film itself just isn't good how could you win an Oscar then there is one really good scene where he's like having a go at people and he's like giving this massive speech he's obviously all done up in this like costume and yeah but I wouldn't How much is he going to make off that?

15:54I don't actually know, but it's chunky. Probably a lot of money. 50-odd million, I'd say. I imagine many more millions than I've heard, so I'm a fair player. Yeah, exactly. Lads, Netflix is going up. Is it? Again? No, it's just going up. Yeah. It's$12.99 right now, isn't it? Yeah. What's it going up to? Well, it's saying here, on my clawed sheet. No, no, no. It's saying that the tiny plan, the ads plan now has gone up from$5.99 to$7.99. So if you don't want to have ads at all, you have to pay an extra$7.99. It's meant so you can pay for a subscription service and still get ads. Yeah, that really winds me up.

16:34It's just annoying. Yeah, they increase the price and also take away the perks. It's like, what is the point? Is there any ads things that you pay for to get rid of? Like, I pay for YouTube Premium. Premium, YouTube Premium, Spotify. You pay for the, what, to get rid of the ads? Yeah. Yeah, I've had Spotify Premium for years. Yeah. Have you? It's not really that much if you get a family planner. I don't have Apple Music, so I don't know. I've got Apple Music as well. $17.99. Have you? Yeah. So you've got YouTube Premium, Spotify. Yeah. I'm trying to think of what else. Any others? So I've got Amazon Prime.

17:07Yeah. But the worst thing is you get like a three-minute ad. Yeah. You can't skip. And then you can't skip it. and then suddenly I'm like, well, I'm literally not going to watch this film because it's a three-minute ad. Yeah. Yeah. I don't know who... They're savage on their subscriptions, Amazon, because they've got a History Channel and then Paramount Plus and they've integrated Apple TV now so you can just have this suite of different subscriptions. And for me as well, they come out in different separate lines and it's like, oh my God. I actually went through this and I cut all of the Amazon subscriptions I had.

17:43I had Disney Plus, I hadn't watched it and literally since like the last series of Welcome to Wrexham. And like sitting there for like nine months, it was literally probably in the hundreds of pounds a year I was paying out for all these little things because you did the seven day one click trial because you're like, oh yeah, I watched that. And it's gone. They're not reminding you, are they? It's just so annoying with these subscription services, how they always start like too good to be true. And then they just either take away the perks or increase the price. So I feel like if you do come across something that's just really good, just use it as much as you can because you're almost going to get rug pulled at some point and it's going to cost you more or you've got to watch ads even though you're paying for the premium thing it's just a pain in the ass.

18:23Right, let's move on to guess the number. So we have been doing a little bit of that now but this is a little bit more quick paced lines. So what you're going to be doing is I'm going to be saying it and you're going to essentially just have a number in mind and then you're going to say it at the same time. and then we're going to see how far apart you are, okay? So Forbes has said that Stephen Bartlett is now the third highest earning creator in the world. How much did he make last year in dollars? Three, two, one. 390 million. 90 million. 300. 300 million. You're way off guard. There's a lot less.

19:09So actually Mr. Beast was 300 million. Right. That's what you said.

19:16And I don't know this dude. Daha Man? Do you know him? No. No. I've never heard of him. He's clearly doing well, though. But he's 65 million, so it's quite a drop. And Stephen Bartlett is 52 million. Oh, wow. I was way over. Yeah, soon. I think you could probably argue the case. Is that just from content? From content. Oh, okay. It's still mental, really. It's mad, isn't it? It is actually mad. Is that just from his podcast? Because I don't really follow his stuff. He does the podcast, which is sponsored by Huel, as everyone knows. My mum just buys Huel, by the way. Yeah, every other pod has got better help on it.

19:54They just got bought out as well by his mum, didn't they? Who? Huel? Huel, yeah. Have they? Like a billion euros or something. Oh, is that crazy? Yeah, well, it was a couple of months ago. So he had a payday from that then? Yeah, because he was a shareholder, wasn't he? Because I remember on the ads, he was pretending he was a customer when really he was a non-executive director and shareholder, which, yeah, sometimes you wonder if people, because he's obviously a very clever guy, right? So is he doing it because he knows he can get further ahead and if he does get caught, it's going to be a slap on the wrist, which, you know, pretty sure the ASA just said, don't do this again and something like that.

20:30So if you think about it, it's actually a very good trade. Well, he did that story where he was like, this is me saying I have to do it, so here's the hashtag ad. And then he just puts it like really big now you knew he was taking the mick back yeah but i i think it's fair i think it's fair like if you own the product you gotta be honest that you own the product and you're shelling it on your podcast because you know you're gonna make some money out of it yeah no one's against dads right um i'm just against dads where they're not properly disclosed i think that's wrong 100 100 100%. Mr. Harry Styles made the Sunday Times tax list.

21:07How much UK tax did he pay last year?

21:15Quick one on GainsApp, which is the app I've built. If you're anything like me, you've got your Monzo over here, your Halifax over there, a savings account there, a credit card there, a business account there. And it's very, very complicated and difficult to stay on top of your finances. You tap for a coffee over there, you've got your meal deal, you'll get your bits that you pick up on the way home. And if I actually asked you how much you spent today, it's very difficult to do that. But Gaines is pulling all of your accounts into one easy to manage dashboard. From there, you can see everything, all of your spending laid out visually for you.

21:43You can move spending into different categories and you can set up budgets across multiple accounts. We also offer instant cashback by a gift card, saving you three to 20 % at every single major retailer in this country right now, which can add up to over a thousand pounds a year for a 30 second step. So not money that you can sniff out as Christmas covered flights, holidays, whatever that might well be. The average household also overspends on bills by roughly 500 pounds a year. And that is something that we built into gains to track your upcoming bills, tell you when you're overpaying and give you options to switch your bills onto a much cheaper tariff.

22:18You can download gains for free and connect your first bank today. The link is in the show notes or you can scan a QR code on screen and let's make life less expensive together.

22:30I have absolutely zero idea. 70. There you go. 2, 1. 70 million. Oh, okay. Michael's way close. Way too high again. You're way high. You love me. I've been having 26 more statistics. 24.7 million pounds he paid to the UK government last year in tax. Well done. Do you reckon he operates as a sole trader or a limited company? That's the big question. It's a good question. Because he was a limited company, I guess. He could obviously time his tax better. I imagine you have to. But I think at that point, you make so much money, you probably don't really, like, oh, I made 20 mil, 40 mil. Who cares at that point, I guess.

23:09Honestly, you'd be surprised. I'd be surprised if you're saying that as an accountant. Yeah. Come on, like, you're supposed to be helping us out here, Ryan. How would you avoid your money? I would be a limited company. 60K in the SIF on day one, 20K in the ISA. What do you think, Michael? Well, just on that, you'd be surprised. like people who have like 20, 30 million. I've heard from one of my friends, he had a friend who was thinking, I'm going to go live abroad for a few years and it's going to save me 20, 30 million. And then he was like, yeah, but you can afford to live here. You can literally afford to live here and you're going to get more money in the bank, but uproot your entire life.

23:48And you already said you don't actually want to go. So you're going to go so you can have an extra 20, 30 million, which is a lot of money. But if you've already got 20, 30, 40 million already, you can afford to pay the tax. You don't have to uproot your life and do it. Well, you see a lot of these billionaires like leaving, right? And then you've got, do you think it's harder, say, for like a Harry Styles or a David Beckham to like go, I'm moving to Monaco because they're like national treasures, whereas these billionaires are kind of like in the background. Well, Rio Ferdinand did, didn't he?

24:21He did. He just moved. Yeah, Dubai. and then Mr. Joshua he's moved hasn't Tyson Fury also done a switcheroo or something I'm not sure about Tyson Fury I do know Rio and Joshua have didn't he move to the Isle of Man or something it's a shame because like if you think about it like we should be trying to incentivise these people to stay here because that is an enormous amount of money going into the economy it's literally tens of thousands of people earning for eight grand yeah I think so and the only thing about that as well is but they always yeah like those people have done well in this country so i feel like if i done that well i almost would like morally think i'll just pay my tax to help fund public services or other things because growing up i had all that help but i feel like they just make a bit of money and just bounce straight away what did you think of the gary lineker and the open hundreds entrepreneurs letter that came out did you see that when they all don't they said wanted to be taxed more they all said that they would be happily paid more yeah none of them did oh really go ahead Go ahead, yeah.

25:21You can't donate. There's a donate button. No one's stopping you. Yeah. If you want to overpay tax, you can. Yeah, that's true. So if you want to do it, do it. And then say you've done it and be a leading example. Don't just say, ooh, tax me more. I can say, come on, HMRC, tax me more. I want to be taxed. But then still pay the exact same legal tax without overpaying. It's a bit silly, isn't it, in reality? We're VIT registered, and it's horrible. It's horrible. When you get that and then we've just submitted accounts now, so I know our corporation tax is going to be ballpark. And then I'm paying tax on employees, national insurance, and pension contributions.

26:00It's nuts trying to run a business in this economy. Absolutely nuts. So I do get it from their standpoint, because they're probably looking at their earnings. Like for me, if I earn£100, I probably actually can profit for the business. Half of that, give or take, after everything comes out? I worked it out right. And if you're a B2C service and you, if you take out the money from your company and pay yourself and VAT, because this is the thing, if you're B2C, you still got to collect the VAT, but you can't really claim it back if you're B2C and you're a services business because there's nothing really to claim it on.

26:36so once you go over that threshold then yeah technically the customer pays it but the customer doesn't care if there's vat or not they just see the end price yeah and so if you go above you have to add that onto your price which affects the customer or you can just wear it yourself reduce your prices and collect less so there's no change to the customer yeah so one of my barbers actually, if he gets close to it, just stops working because it's literally not worth the point in going over because I only have to give so much of it back and it would be worse off. So that is a handbrake. It's like a cliff, isn't it?

27:13Yeah. So you've either got to absolutely smash the VAT threshold. And as someone in one of my reels said to me, there's no smashing the VAT threshold in this economy. We're just trying to get by. But yeah, if you think the VAT thing, so after all of that you're going to keep 58 58 pence in every pound is going to uh you know in tax so you're keeping less yeah you know whatever's after that i can't do maths in my head anymore but if that's assuming you're running over 50k so if you're running over 50k through a limited company b2c and that registered 58 is going to tax and you're getting the rest yeah so it's savage yeah it's absolutely savage like i even put myself on a wage because working out the rest of it after that was just in like a more of an annoyance than yes sir i am paying even more tax but it's just became like absolute nightmare to work out what uh dividend tax work thresholds would be where that would be um yeah it's a sliding scale isn't it and it just makes it all so i was like i just want to get paid this much every month i want to know how much it is and i just want that stress off me and I'll revisit it soon.

28:26And it's also similar though of like there's normal employees who work at like nine to five job with a hundred K threshold. I think that was first created. I think it was in 2010. It was a while ago, but it's not moved. And it should, it was, it had moved the line of inflation to be about 160 K now, 160. And it's still at a hundred. Oh my God. So it should be much higher. But also you hear these stories of a lot of like doctors or lawyers who are now just working like two or three days a week because they're at the peak of their career. they know more than ever, can help more people than ever but there's no point in them going above 100 because they lose the child-free perks or the child benefits and perks and then also the personal allowance.

29:02There's no real point. There was a study done, wasn't there? If you've got two kids in London, you've got to earn about$149 ,000 to, you know, you're better off actually just earning$99 ,999 because you lose your tax-free childcare, you lose your 30 hours or whatever it is. The personal allowance one pound in every two. Child benefit gets clawed back as well. That's over 60, isn't it? But you lose, I think because I've done a video on this a while ago, but I think if you go, you have two, yeah, if you have like a couple, both earning 99 ,000, you keep all of that. If one earns 101 ,000, and everyone earns nothing, you lose all of that.

29:41And if you have two children, it could cost you about 15K a year, no child sort of perks you've mentioned. And then plus the personal allowance goes as well. So just a disincentive to work. They should just ultimately increase all of these thresholds. They've been frozen for so long. Right? So Mr. Burnham is talking about one's quick wins. Just fix it. Because it doesn't matter what political party you are. I think everyone could probably agree that that is fair. Just fix it. So instead of having this cliff, like what is it? Like 60 %? Well, yeah. So if you've got a plan to student loan, like I do, my marginal, not that I've ever got to that point, hopefully one day, but my marginal tax rate is 71%.

30:21Sponsor this guy. Sponsor this guy. But a marginal tax rate, I'll lose 71p of every pound I earn if I ever went over the 100k threshold. But they could fix that and straight away, it's going to unlock all of these people who think, well, actually, now I can earn money and not get... They'll actually earn more tax. They'll earn more tax. They will earn more tax. They will dump less into a pension, pay more tax now. Not that pensions are bad, but a lot of people aren't saving, but these people are actively not making money because they're being punished so much. But you can just see it like, oh, we don't want to fix things.

30:57There's people turning down pay rises. Yeah. Which is nice. Yeah. Like, what logic is that? I mean, in theory, what we do is accept the pay rise and dump into the pension. Exactly. You know, a lot of people just don't know. But then that gets taxed now as well. Well, yeah. And they're going to be inheritance tax from April. Yeah. They're trying to come at all angles, so everyone's fucked. Leave us alone, man. Let us do cool shit without trying to take all of our money. The thing is, right, I actually think that people don't mind paying more tax as they earn more, as long as it is genuinely progressive.

31:30And the people who earn in the most, you know, are paying a larger share of that. So if you think 52 % of people are net drainers, well, does that write the word, drainers? They take more from the state than they provide. So that is more than half the people. so yeah if you lose someone who's paying millions of tax that's that's a huge thing whereas if people you know feel like they're getting good value or whatever and it's fair people do want to work hard people do want to pay tax i mean i do i can't speak for everyone but yeah i just think fix it make it fair and people will just get on with the lives but you see like all these small businesses now getting absolutely rinsed through costs so my local coffee shop got back from the u.s gone within days and i saw one of the guys in the gym and he said that the the rent had gone up 20k and the owners probably thought it's just it's either not profitable enough or it's just not worth her even trying so she's closed the business that's shutters her up i've got one for your favourite company on the planet, Starbucks.

32:40Yeah. Have you seen what they're doing in the car parks? No. They're not charging people for car parking, are they? No, they are. That would be shocking. You have to buy Starbucks. That's one policy I would agree with, that's right. What, free coffee from Starbucks if you get in the car park, the airport car park, get coffee on the way out. No, they've come up with these, to basically space for them is hard because they've got one on every single high street and every service station going. So they're like, well, where do we open new ones? The answer is massive car parks. So these units, they can spin them up and it says, and they're under a week operational from get the space to finish.

33:18And they're small. They're like the size of this room and they have everything they need and they're operational, ready to go. So like two person operation, exactly. Super cheap. In like retail parks. Retail parks. Does it run out of like a cabin or a potter cabin or something? Yeah, like a little like hut. Hole in the wall. yeah pretty much like one of them but a little bit more secure it's kind of looks like one of their metal sheds yeah and so they're actively rolling them out because they can like literally do that but then how does a coffee van that's parked in the same car pile that's been there and does the 6am mornings in a freezing little hut compete with that you can't you can't it's nuts last one on this section have you been to Glastonbury before I tried to get tickets this year and failed it's just so hard to get tickets Yeah, I've tried before.

34:06I've been. 2013, I think. Back in your heyday. Yeah, when I was young. Is that pre the wife beater or? No, no, I'm pretty sure I bought those wife beaters in 2013. They were only like five for a mass as well. So like the cost per wear must be in like the pennies or something now. Do you know how much the tickets are this year? I have no idea. I don't even know what I've paid back then. I think it depends what package you get, but is it around 500 quid? first time over£400 so it's£408 for a Glastonbury ticket this year five days I don't really think that's bad though I actually don't a lot of people were kicking off because I was all creeping up all of these acts from you know all of that costs money right and it's a huge it's just an operation it's like 80 quid a day yeah I think that's nothing but then you obviously have you've got to get there get back I guess food and drink you probably turn more on the food and drink and the other stuff when you're there yeah Yeah.

35:03I mean, I've never been. I would love to go. I would love to go once. I think as I've got older as well, I don't know if this is anybody else in this room. You want a glamp now? Mate. Yeah, I would do the glamp. Stick me in a tent. There's no way I'm staying in a tent with no shower for five days. It'll be unclawed how to put up a tent. It is proper grim doing that, yeah. Did you camp? Yeah. Mate, sod that. I want the five grand glamping. I didn't have five grand back then. I just don't know how to do it. They've done these off-site camping things, and they look pretty good, but even they're like 2K.

35:41And I'm like, oh, just... Yeah, that's what it's like. That's really expensive. That's the thing I do. I go for a day. You know, like if you're invited by BBC Radio 1, and you get their little cool pyramid-saving stand at the side. Yeah, that'd be fucking cool. But there's no way I'm doing it otherwise. I just, I don't know. Maybe I've just got old. Right. This next segment is called Agree to Disagree. Now, the name of the game here, lads, is we... I suppose, first off, have you seen Gladiator? The film? Yeah. Yeah, yeah. Do you know the part where they're, like, deciding whether or not the person lives or dies?

36:16Oh, yeah. You shake your thumb, but then you go... Down, fall down. Yeah. Get rid of him. Yeah. So the idea is that you shake your thumb. Yeah. And you will then decide, agree is obviously thumbs up. And disagree is thumbs down. We will explain it for those who are on audio what they have picked, guys. So don't panic. You'll share us arguing. But if you are on Spotify or Apple, tune into YouTube if you want to watch us play this live. But the idea is you're going to give those answers. So I'm going to go three, two, one, and then thumbs. And then we're rocking and rolling. You ready? Yeah. Right.

36:57First one, tax avoidance. Michael, last time you were here, you sat down and told us how Starbucks legally avoids paying UK tax. So statement, tax avoidance is morally wrong. Three, two, one. Agree. Disagree. Disagree. Okay. Let's start with disagree.

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38:56Well, personally, I think that you have a right to avoid tax. And it's quite simple. If you think, let's think about the average hardworking person, right? They're not doing very well. We know that because the median salary is 39k. And that is median. So in reality, you've got some high earners pushing the average down. So we know that people aren't doing very well in the UK. Why should they not use legal measures to avoid tax and keep more for themselves? So, yeah, I'm going to have to disagree on that. And also, if you think, right, Starbucks are not doing anything illegal. Now, that doesn't mean I like it.

39:42but they actually have a fiduciary duty to shareholders and investors to maximize corporate earnings which you know if i'm a shareholder in a business that is exactly what i want them to be doing yeah fair enough fair enough i get that i totally see however as a consumer now i want my country to be fairer and better i want it to be better for for my kids for your kids uh just in general and the the best way to do that is to keep as much tax in this uk as possible yeah and you have a choice politicians are not going to do anything about starbucks right we know they're not because let's say burnham comes in and says right starbucks going we're going to tax you all of this money donald trump might not like it then suddenly we have you know tariffs and all sorts so i get it the reluctance to to back british but actually we can make a choice ourselves so So you can either go to Starbucks where the CEO has bragged on an investor call before that the UK is so profitable.

40:46It's funded expansion elsewhere. They haven't paid a penny in tax, but he's still bragging to investors. So you can go to Starbucks where they think you're a schmuck because you're just actively giving them money for them to funnel it out of the economy. Or you can go to your local coffee shop, local restaurant. They're going to keep that money, pay some tax, pay local people, might spend that money in the local pub or wherever. It's probably going to stay in your local economy and make your local economy better and more vibrant. So it really is your choice. But, yeah, I personally think it is morally right for the average person to legally avoid tax.

41:27Tax evasion, no, because that is obviously illegal. Very different. And that is, if you know... That's a Man City sort of thing. Yeah, no. If you've got 150 charges, I can chuck at you. You've got to pay it. Only 114. Oh, sorry. They got off one. They got one. Yeah. No, you are right. Avoidance, yes. Eversion, don't do that because you'll go to jail. No, I agree. I read Taxtopia recently. That's a great book. Yeah, it's great. And it's about playing the book. It's literally written there. If you can play the book in the right way, and obviously there are some very interesting ways to play that book and people use it, but it's rules.

42:01set in place and if you move around the rule with a different rule that helps you do that then why not um i don't understand why you wouldn't but yeah we have a so i sort of think from a personal perspective yeah there's good ways to avoid tax and you should do them because actually benefit your future self so obviously the main ones come to mind are the pension allowance you're giving up some money today avoiding some tax although you will have to pay tax on the future when you withdraw or an isa which works the exact opposite so i think from a personal perspective avoiding tax is fine but I feel like from the corporation perspective like a good example of Starbucks we're funding the rest of their operations funding the CEO probably earning 300 million dollars or whatever but they should be I know it's hard to actually do it in reality and that's the problem with tax even like the wealth tax would it work would it not it's going to be hard to actually implement it but I think those sorts of companies corporations shouldn't really be able to legally avoid tax so easily yeah tax at source doing these like weird yeah like pricing arrangements moving money around subsidiaries yeah and ultimately yeah as you say we spend loads of money on Starbucks that money could have gone back into local areas to pay for things in this country and it's always been drained out it's Nando's there's loads there's actually loads so I saw a mixed opinion but I think companies should pay more or at least the government should have to track it more so they actually get the money and doesn't just go and they pay zero pence which is crazy I mean I can't pay any more tax so please don't I'd really like to see some differences for British small UK businesses with like ways that they can utilize some of their money to grow and once you hit a certain threshold within your business i.e from a profit standpoint then yes like start to put those restrictions in place but what we're doing at the moment is curtailing growth of small businesses and then we're actively like helping these other multinational corporations grow and funnel money out of the economy actually the other way around yeah and then what happens when a small business goes bust that's a unit empty so one of these big chains with the balance sheets leverage death facilities can just swoop in take it and that's another one gone and they don't shut do they no can can you think the starbucks that has ever closed down i mean they have they have they have not have run out of space though doing them in car parks well yeah yeah yeah i mean you know once they're there they're going to be there for for quite a while yeah exactly because they You can run it at a loss and still make money off marketing and call it brand awareness.

44:25So there's a lot there. All right, lads. Number two. The average UK wedding costs over£20 ,000 before the ring and the honeymoon. Spending£20 ,000 on a wedding is mad when it could be a house deposit. Three, two, one. Oh, okay. I always start with disagree. You're not married. But I would say it's a tough one, okay? Because people do spend too much on their weddings, I think, in general. But if it's not for show and you genuinely think, like for me personally, when I get married, I hope I only have one marriage. I'll have all my best mates there. I'll have all my family there. My partner will as well.

45:06I'm on a great night of a live band, Guinness all night, everything free. So I'd personally roll over. Yeah, you can come, mate. All right. You've invited me here. So I'll invite you there. But I would roll over personally. I guess the difficulty is most marriages end in divorce now, 50 % do. so if you keep doing it over and over again then that's bad but I feel like one massive unreal night and it's just you can afford it and you're not going into a sort of credit card debt to finance it then I'd personally say that's fine and I think like I'm not married yet but I think if I can me and my whoever who I get married to can like afford some of it if we can get help from family if we then even ask guests to maybe don't give us pointless presents just any cash if it's 20 quid 200 quid whatever you can afford and then I don't know if you can almost recoup most of the cost of the wedding through those means I think when it gets like too much money it's crazy but I think yeah it's your wedding hopefully you only have one so I'd rather have a sick night all your best mates are there and yeah my friend recently got married and he spent 8k and it was awesome because he's only spent 20 grand to have a good wedding to be fair he was actually awesome and I think a lot of it's for show even you have all this extravagant stuff I don't want any of that just like a down to earth wedding everyone's theming yeah me too big field street food vans have a laugh that type of thing the other side of that That is, my friend's a wedding planner.

46:20And the larger the budget, the less time they stay together. Oh, wow. That's interesting. So, a 100K wedding. On a podcast, apparently, if you get married for less than$1 ,000, it's on a Canadian podcast, there's like a 90 % chance of them staying together. Yeah. So, there must be a correlation between the lower the price that you're staying. Yeah, the more you spend. So, I feel like if you spend like 50 grand on a wedding or whatever, it's like expensive for you. It's probably for show. Yeah. You're trying to show off to friends and family. So, there's less chance it's actually going to work.

46:48because you don't actually probably want to be together if you're just showing off. Yeah, yeah. I've been to some mad ones. Like I went to my friend's one recently and it was beautifully done. Like it was incredible. And I actually don't see how they're going to split up because they're like super, super tight. So I think it does vary per couple. Like you can still spend 100 grand and then still be together in 30 years. There's not... So bad things go into debt to fund it all. Yeah. You've got like a massive mortgage, you've got student loans, you're sending your kids to like a really expensive school and you've got 100K mortgage debt.

47:13You're just crippled for decades. 100%, 100%. Michael? cool yeah to be honest i sort of agree what ryan's just said like if you were going into debt and a lot of it and you're going to financially hurt yourself to pay for a wedding which a lot of it yeah is just for sure now if you're spending 50 grand on a wedding you don't need to spend i actually think 20k is probably cheap these days yeah when you've added everything up yeah but yeah if you're spending 50 grand that is a lot of money and uh yeah that start about the podcast is great because me and my wife, we just went to Exuma. It was literally right where they did the fire festival in Sandals, Emerald Bay, Exuma.

47:53So we just did that and it was great. And then I piled all the money into my trading account because essentially I just started trading. Sorry, love. Sorry, love. You can't have the wedding of your dreams. It's all on a brand new UK stock that I'm sure is going to triple. Well, it was a decision because I'd just left employment. Oh, I get it. I just started out. Yeah. So it was like, do we want to have a big fancy wedding? Yeah. Which would have been fun, but massively hit my earnings and depleted my capital, which wasn't really that much when I first started out. It depends on where you're at in life.

48:32I was going to say that, yeah. If you're in your early 20s, you just started working and you have a massive wedding. You're just going to be financially crippled for years. If you're much older, got much higher salaries, you're going to afford more. 50k to some people might be a drop in the ocean like just go for it but so my opinion on this is and I'll give an example because I think it's like a really sensible way of doing things is valuing what is more important to you in the moment so for example my sister has they got engaged last year and they aren't actually they're moving to near me in Ramsgate which I'm buzzing about by the way but they prioritise the house deposit first to give them that level of security and then they want to get married in three four five years time and once they're in the house they can then rebalance things out they've got this the security of the of the house there in place and then they can work out how much they can save towards their wedding because they'd be no longer saving towards their house deposit so they've kind of done it in a structured way that's quite which i think is really really cool but they could have gone vice versa and fair play if they had right but i think they wanted to get out of rented accommodation in london which was going one way.

49:37So it's weighing up the things and whatever is important to you. And also it's your life, man. Do what you want. But, you know, I always find these things interesting. All right. You ready for round three? All right. So this one is investing. All right. Small investing. One in five adults say they'd start investing 10 to 50 quid a month. Now, Ryan, you wrote a whole book on this. If you can only start investing a tenner a month, don't bother. 3, 2, 1.

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51:07To grab this offer, head to the link in the show notes or use the code MGP when signing up. As always, remember your capital is at risk when investing. ISA rules and T's and C's and other fees may apply. So why wait? Start building your future with Trading212 today. And now back to the episode.

51:28I feel like I can't form an opinion on this because it really depends it's such a such a hard statement that is dependent on everyone's priorities but I'm probably going to go with agree you're going to go with agree and you're going to go disagree I disagree because I think with investing it's better to start small to get used to it if you start young even£10, it's not much month to month it's going to compound for decades. I think it's just building the habit of actually putting a bit of money away each month. The reality is if you compound£10 a month, I don't know what 7 % for 40 years, you're not going to have a huge amount of money, but you're going to have much more money than had you saved it or spent it.

52:11I do think the only counterpoint to, I guess my answer would be, if you can spend that money in upskilling yourself in some way it's probably better. Because you look at your human capital over the next 30, 40 years if you can take a course to do a qualification that's going to massively increase your income, then I would say it's better to do that. If you were just going to save it in a bank or spend it on just something you probably don't need, definitely invest it. Yeah, no, I agree. £1,£10,£100. And I think starting small is good. So you can actually dip your toes in and get used to investing.

52:38Yeah, I think a tenner is tough to say this, but what you value a tenner and each one of us in this room would be very different, right? Versus somebody else that might be their entire savings pot that they have available to them. So I think building the skill and getting used to market fluctuations conversations it's probably one of the most important steps it's about a skill and a habit really exactly the money amount is actually irrelevant at the start it's just actually doing it because most people want to start and never do start exactly so i say to people just put even like the price of a pint because you kind of don't get scared yeah at that point when you've got when you've gone through it for a few years i'm just like oh this is just part of the game like i barely check it at the moment like i look at it every now and then and move some things around mainly my strategy is a bit more long so i'm like okay whatever there's some fluctuations and if it really drops then I'll look at it but like other than that I'm like okay it's just the way in the world Vanguard done this recent bit of research where it was called the British Mindset Survey or something and it's a really high percentage of people probably like 60-70 % were really nervous about investing but then once people were investing I think about 80 % of people found it less daunting than it actually was it's more just you work up it's more just like you work up in your head like oh my god it's so risky I'm going to lose money then you invest 50 quid you're like oh nothing's actually It's gone down two quid.

53:51It's gone up a fiver. It's when you start building up over years and years, then you see the real power. But I think it's just actually getting started. Then you realise it's actually quite simple. You don't pay many fees. You don't pay much in tax. You do it for an ISA or use a pension. I'll do more. Handy Heart came on here and he said, for the 1 % fee that you'll save by picking X, Y, and Z provider over X, Y, and Z provider, I will pay you the 1 % fee just to get started because it doesn't matter at the beginning as long as you start getting going with the habit and that builds everything.

54:23Michael, you agreed? What do you think? I feel like Mr. Kingsley needs to stop going first because he's pretty much said what I was saying. All right, next one. Agree and disagree. That's how it works. If you're early on in your career, right, the 8 % to 10 % CAGAR you might get, and I'll give you an example. So I paid a few hundred quid to do a lifeguard course and I was previously working at McDonald's. So I did the course. I made the course fee back within like one or two months and I pretty much doubled my hourly rate. So the ROI on that course is far higher than any 8 to 10 % I might get in a...

55:01That's a great example. So now I'm not saying that you can always do that, but if there's some sort of skilled course that you can pay maybe like two grand to go on, but it boosts your salary by two or three grand a year. That is a huge, obviously you've got to factor in tax and everything, but the returns on your earnings power on that has just massively skyrocketed. So as long as you can keep picking the low-hanging fruit and investing and getting a faster payback and rate of return, do that. Also, when you were young, yeah, I could make a tenner go a long way. And I had a lot of fun on£10 back, you know, this was like 2009.

55:432014. One pound points. Yeah, all sorts. Me and a friend, we went to Prague for four nights, everything included, and it literally cost us 200 quid. Now, we did stay in probably the grottiest place ever. I was just about to say, where were you staying? Don't get me wrong, it wasn't good. But you were just out having a laugh, right? Yeah, no, it was great. And that whole holiday, everything included, cost us less than 200 quid. We were the 200 quid club um and he got a vodka in the main square and it cost him like a tenner and he was like oh man that's like half the budget 20 percent of my luckily we found like an all you can drink bar call for i think it was like 20 euros or something so we were sorted i mean one quick on this one if you work for an employer they might actually pay for you to take a training course yeah or to go on something so if you do work for a company and then upskill into whatever it is you actually you might be able to not even use your own money and get your employer to do it.

56:41And they might be a fan of that because then you're upskilling and can add more value to their company. Totally, man. Totally. Right. I'm going to move on to the next segment. This is called the Hall of Shame. So this is where we find things on Reddit and Twitter. Yeah. Or X now, I should say. Formally known as Twitter. Formally known as Twitter. I still call it Twitter. I still call it Twitter. I still call it tweets. It is Twitter. It is Twitter. X is a stupid name. Yeah, it's so stupid. What a whopper. Yeah. All right. So this one. First up, a bride paid. Got a feeling I'm not going to like this one.

57:19Yeah. Yeah. A bride paid about£1 ,500 to fly her friend of 10 years out to her wedding in Bali. That friend and her brand new husband used it as a free honeymoon and ended up skipping the ceremony because he didn't feel like going. the bride sent her an invoice for around about 1790 pounds plus vat yeah the twist on this the friend sent back a three-page bill for her whole friendship lunches and petrol including and saying that the bride actually owed her 18 pounds that's ridiculous the the friend's in the wrong the bride's in the right like this has got to be thick yeah this sounds like chat gpt no because the bride has paid for her to fly over which she probably i shouldn't shouldn't have done they can't afford it then no problem we can celebrate when we get back home she obviously wants us to be there this is this is on reddit and it the the actual thing we'll put it up here it is mental i mean that's does anyone actually agree Surely nobody agrees.

58:28So is the bride in the wrong for invoicing her for the flights? Yeah, the bride is not in the wrong. So is everyone... No, I don't think the bride is wrong for invoicing her on the flights. No, I agree. I think, yeah, if you're paying for someone to come to your wedding... And they don't turn up. And they just completely disrespect you. Use it as their honeymoon. Yeah, yeah. Cheeky, man. She's not a good friend. Cheeky. Yeah, it's savage, isn't it? Like, I just couldn't even imagine doing that to someone, knowing that they paid for it. Like, it's the moral thing. It's weird that these people walk and breathe around us, isn't it?

59:02Like, where do you find these people? On Reddit. On Reddit. I can't imagine someone actually doing that. I know. Because I genuinely like, when I was looking for these, some of these stories you think, that's a lie. It must be a lie. But I know this is actually real and these things happen. But I think, I suppose it begs the question, like back to the weddings like flying your friends out halfway around the world like if you want them to be there like they have made that effort and then you're then don't even turn up like with your husband you just treat it as your honeymoon that's awful I do think as well in the UK we probably need to get better at saying like no to things that you just can't really afford because I mean you get invited to weddings birthdays trips away like uni mates or school mates or football mates or work mates and you can't do it all so you sort of have got to pick and choose of it.

59:55So if I was that friend and I couldn't afford it, I was like, you're a legend, you're not my best mates, I'm really sorry I can't afford it right now. We'll go for a pint when you get back to UK after the wedding. And equally, if someone can't afford to come to your wedding, then they just can't afford to come. So that's it. If you're going to pick somewhere abroad, then that's fine, but I accept that a lot of people might not come. Yeah, and I think the invoice at the end of all the things she owes her is terrible. That's not even a mate. Like, I might get a couple of extra rounds in one night and then he pays her dinner a few weeks later, like it just, it nets off.

1:00:26The lifetime net off. I don't count it. Like doing that is just like awful. You know, there's one in the group that generally always pops to the toilet. Yeah. It's like you're round making it to the floor. Yeah. There's always one that doesn't, there's not always bands, but also like within my friendship group, there's an extremely, especially with my homeboys, right? There's an extremely vast difference in net worth and income. And like, It probably gets harder as you get older, to be fair. It does. But also, when I come together with those lads, I see them three, four times a year. I want to have the best time possible.

1:01:05And if that means that one of them's like, oh, I've got to go home at 10 because I can't afford to stay out, I'd rather contribute and make their time better for them. And some of the other lads in my group would do that too. And so I just think it's like, you have to balance these things out. And it is tough. But on the stuff of paying for your mates, you see that transition there, guys? I'm getting good. Great segue. So a lad orders a pasta and some tap water in an Italian restaurant, but his mates order steaks, starters and cocktails. But they split the bill evenly every single time he goes out.

1:01:46So he actually pays£45 for about£19 worth of food. do you agree that this is wrong if he then starts asking to pay for what he's eaten no you should i think it's fair yeah i'm sort of like quite conscious and self-aware of that though so if i was like the one ordering all the stars and stuff and i know someone's literally got like paid for nothing i would actually be like mate you should pay less or really nothing because you've spent 10 quid we've all spent 50 quid we're going to split it equally it's just unfair yeah yeah and a lot of the times if i go out i don't really look at it and just assume we've split it but if i know someone yeah someone has ordered a lot less then it makes sense to to try and exclude them because it's just not right is it i mean you you don't know someone's financial situation right so and also i don't think it's fair that someone should be paying for other people's stuff yeah no i agree i agree i think it comes out like if it's super close and you've like ordered a it's like a five 19 pound pasta and then your mine's 21 quid and your cocktail's 13 and mine's 14 like and we're in a bit of a rush to like get to the next destination and you want to then you want to go like that though it's when it's pernickety for the sake of being pernickety yeah for like two quid then i'm like bro come like let's just split 50 50 that we've This actually happened to me.

1:03:08So back when I'd started trading, my wife and I, we went out with some of her friends and some friends who were her friends. We went to this like really fancy restaurant where it was like crazy prices. And we'd ordered like the bare minimum, like no drinks or anything. And then they were ordering all of these like fancy wines. I think the bill was in like the thousands or something. um and like they obviously everyone wanted to split it and and like we were like no i don't want to split it because we've paid like a fraction of what you guys have paid i didn't drink any of that fancy wine or anything yeah and you could see they weren't happy with it yeah yeah and i was thinking i'll just pay it this time and learn like i'm probably not gonna see these people like that that's a prime example for me yeah don't pay like for the two gram wine right but like if i'm away with six mates on holiday and we're all just ordering and then and then one of them's like uh well i paid 22 pound 40 unless it's like super obvious but if we're all having it like again it depends on the situation what's happening at the meal if it's obvious that we should just all just like oh who knows so let's just split it because working out it's going to be a ball egg like then i get it yeah i think a lot of come down to like drinking really because often one or two people might not drink yeah out of 10 so if you're all hammering hammering beers like four hours and they've had like a water and a meal then i think you gotta be even if you're a bit drunk you gotta be self-aware to be like you two haven't had a drink you've barely spent a penny you pay for your meals first yeah and then we'll go and split the recipe in the other eight of us i think most people are genuinely fair though right most people are good people so if they know they've absolutely hammered the pints they'll stick more and you've got someone who's been nursing a guinness for like three hours yeah you can sort of tell right Yeah, 100%.

1:04:59So I think most people are generally good people. All right, I'm going to do some very quickfire around questions, right? Basically, pick the answer which suits you. Would you rather win Love Island and split the 50k prize or get dumped on day one but leave with a million followers? Oh. Well, this, again, it depends. Like, I'm married, so I wouldn't go on. Probably. Okay, hypothetically. I think about from the incomes. A million followers, you probably make a lot of income, like continuous income from that. I'd probably say the second one in this day and age. So what was it? Win and get 50k. Win and split 50k or get dumped on day one but leave with a million followers.

1:05:37Because against a million followers, very few people have. And the amount of money you can make off of that, assuming the following is engaged. That's it. This is, again, though, if you get dumped on day one but you get a million followers, how engaged are they going to be? Whereas if you win it, you'll probably get a decent following and you'll have more engagement. 100%. You may see your salary or you may see your Uber Eats history. I was going to say cock size

1:06:03Uber Eats history Uber Eats history for me yeah eat bugs on I'm a Celebrity for a reported 1.5 million pounds or stay totally anonymous on 60k a year for the rest of your life oh first one give me the bugs man I'll invest it everyone does that anyway right so tomorrow it's going to be forgotten about and then I'll have 1.5 million Yeah. And you can eat these bugs, right? They're not going to kill you or anything. Let's say, for example, you're earning 60K, Michael, and you're working in an office, both of you guys, right? Yeah. You can stay on a four-day week and you can get the same pay or 5K pay rise and you have to work the extra day.

1:06:42What are you doing? Four-day week for me. Four-day week? Well, the positive EV trade is to do the four-day week because if you get 5K, you're probably going to get taxed a lot and it's not going to be worth the extra 25 % time. so yeah yeah more free time is priceless totally totally just on that I would love to know anyone who would pick the extra 5k because it just doesn't work out mathematically okay I'll caveat it then and we'll end on there is that I would do the extra 5k if I really enjoyed the job yeah because where I think or you need the money you're saying it for a wedding you want more money yeah it's path of least resistance 100 % unless you're going to treat that day that extra day where I was like caveats to it on both sides.

1:07:26You've got young kids, you want to spend more time with them, do the four days. You have a hobby or something that you're going to fill that day with, something that's going to bring you joy, play golf or whatever that might well be, yes, do the four days. But if you really enjoy... You can put the time into that and try and grow that. Start that business. That's all I do. More on evenings than weekends. I had a spare day. Years ago, I would have been... I was so much more done. 25, having an extra day. Lovely. I'm well up for that. Yeah, but obviously, you're paying quite well. So 5k pay rise, like going from 30 to 35k, you're going to see quite a significant difference.

1:07:59Again, this depends on the situation, right? Guys, I've loved this. This has been fun. If anybody has any stories that they were listening to this or watching this that they want to send in, people that they know that don't exist on Twitter or on Reddit that we can read out, we will do them anonymously, send them into the show, and we'd love to hear from you. I hope you've liked this new style. It's a little bit more of a chinwag, playing some fun games, having a little bit of a laugh. so if you do as well let us know how you're feeling about this show if there's tons of now like one star reviews coming up on Spotify I know it didn't work and we'll go back to interviewing people every week but hey I've had a laugh lads and thanks for coming on we will pop all of your details as always in the show notes below if anybody wants to connect with Ryan, Al and Michael please do and we'll catch you next week legend, thanks everyone, speak soon so I've been working on something super exciting for the last 12 months and I am very, very proud to finally bring it to you.

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1:09:39And it's super simple to use, easy to connect. We are FCA agent status as well, so your money is super safe. And you can get started right now by following the link in the description or visiting gainsapp.com. And now back to the episode.