Steven
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He said to me, our viewers, if they knew they could build a 20, 30 million pound company.
But they knew they would have to pay 20. If you're worth 30 million, 1% above is 200 grand a year. So if I said, you can have a 30 million pound company. Just bear in mind, you make 5% a year on your wealth. So if you've got a 300 million pound company, you're going to be making 15 million pounds a year.
But they knew they would have to pay 20. If you're worth 30 million, 1% above is 200 grand a year. So if I said, you can have a 30 million pound company. Just bear in mind, you make 5% a year on your wealth. So if you've got a 300 million pound company, you're going to be making 15 million pounds a year.
And I'm turning to you and I'm going to say, you've got to pay 200 grand a year on your 15 million pound revenue. And they're going to say, you know what? I'm not going to start a business. I don't want to be worth 30 million quid. You know this is ridiculous.
And I'm turning to you and I'm going to say, you've got to pay 200 grand a year on your 15 million pound revenue. And they're going to say, you know what? I'm not going to start a business. I don't want to be worth 30 million quid. You know this is ridiculous.
You know nobody is going to say, oh, my God, I don't want to be a multi-multi-millionaire because in 20 years' time I'll have to pay 1% taxes.
You know nobody is going to say, oh, my God, I don't want to be a multi-multi-millionaire because in 20 years' time I'll have to pay 1% taxes.
I'm not trying to make the UK anti-wealth. I'm not trying to make the UK anti-wealth. I think the UK and the US need to be looking at a situation where you cannot allow people who own enormous businesses that sell to your country to live in Dubai, to live in the Cayman Islands and not pay tax. And I don't think that's a controversial position.
I'm not trying to make the UK anti-wealth. I'm not trying to make the UK anti-wealth. I think the UK and the US need to be looking at a situation where you cannot allow people who own enormous businesses that sell to your country to live in Dubai, to live in the Cayman Islands and not pay tax. And I don't think that's a controversial position.
I've got a question for both of you, which is if you are a young person and you're 18 years old now and that you're listening to this, but your objective really is an individualistic one. You want to get rich and you have a great future for you and your family, like all of us have been able to do. What would your advice be to them, Gary, at this moment in time?
I've got a question for both of you, which is if you are a young person and you're 18 years old now and that you're listening to this, but your objective really is an individualistic one. You want to get rich and you have a great future for you and your family, like all of us have been able to do. What would your advice be to them, Gary, at this moment in time?
This is such a hard question. I know Dan's angry at me for what I put in my video, how to get rich. Somebody came round to my house and asked me this the other day. Obviously, I get asked it a lot because... Stupidly, I'm very public about the fact that I'm rich. What I did is not replicable. What I did is not replicable. It's not. I'm sorry. I'm sorry, but it's not.
This is such a hard question. I know Dan's angry at me for what I put in my video, how to get rich. Somebody came round to my house and asked me this the other day. Obviously, I get asked it a lot because... Stupidly, I'm very public about the fact that I'm rich. What I did is not replicable. What I did is not replicable. It's not. I'm sorry. I'm sorry, but it's not.
People always say, why don't you teach me to trade? Like, it's hard. It's hard trading and it's dangerous. And I think a lot of young men are getting sort of sold into trading and becoming gambling addicts. You know, work hard. And I wouldn't even say don't become an entrepreneur. I've never, ever said these things. Work hard.
People always say, why don't you teach me to trade? Like, it's hard. It's hard trading and it's dangerous. And I think a lot of young men are getting sort of sold into trading and becoming gambling addicts. You know, work hard. And I wouldn't even say don't become an entrepreneur. I've never, ever said these things. Work hard.
You know, if you think that you have an opportunity in tech entrepreneurship, go for it. Understand it's risky. I think that sometimes this message, just become an entrepreneur and you'll make it, is a bit dangerous because I think most people who try to become entrepreneurs fail. And I think it's super, super dangerous.
You know, if you think that you have an opportunity in tech entrepreneurship, go for it. Understand it's risky. I think that sometimes this message, just become an entrepreneur and you'll make it, is a bit dangerous because I think most people who try to become entrepreneurs fail. And I think it's super, super dangerous.
The reality is, and you know, maybe Dan won't like this, maybe you won't like this. I think it is very, very difficult for a young man or a young woman from a poor family to to become rich. And I think it's increasingly hard even to just get those basics of financial security. So listen, obviously reduce your spending if you can. Don't buy into this like Balenciaga bullshit. Stay away from that.
The reality is, and you know, maybe Dan won't like this, maybe you won't like this. I think it is very, very difficult for a young man or a young woman from a poor family to to become rich. And I think it's increasingly hard even to just get those basics of financial security. So listen, obviously reduce your spending if you can. Don't buy into this like Balenciaga bullshit. Stay away from that.
But... work hard, study hard, try to get a good job, but also understand we are shrinking the seats on the lifeboat. That's what we're doing. We used to allow 50% to be secure. Then it's 40%. Then it's 30%. Then it's 20%. You know, you've got family in Nigeria. If a young person from, like, Shantytown in Nigeria came to you and said, Stephen, what can I do to get rich?