This episode is sponsored by Unbiased a platform that connects you easily and quickly with over 27,000 FCA regulated financial advisors, accountants and mortgage brokers. Connect with a financial advisor for FREE by visiting Unbiased here: https://www.unbiased.co.uk/savvywallet Joining us in the booth this week is Zee who is a chartered accountant and EX-KPMG auditor. In this episode we discuss: - How Zee became an accountant accidentally - Why accounting is the plumbing of a business - Why people on £60,000 are struggling! - Tips to weather the cost of living crisis - Why it’s important to engage with your local government - Possible solutions to the cost of living crisis - How the wealthy pay less tax! - What are our taxes used for? - Is our tax money being used efficiently ? - How to save taxes with your 9-5? - The pro’s and con’s of capitalism and much more Connect with Zee on Instagram here - https://www.instagram.com/thereluctantaccountant Connect with Zee on TikTok here -https://www.tiktok.com/@thereluctantaccountant Follow me on: Instagram - https://www.instagram.com/savvywallet Tiktok - https://www.tiktok.com/@savvywallet Check out: https://www.youtube.com/savvywallet for the video version Our partners: Coursera Learn AI, Cybersecurity, Project Management, Data Science & more with Coursera here: https://imp.i384100.net/savvywallet Ato has personally used Coursera to obtain an AI certificate. NordVPN Get 3 extra months free with a 2 year plan: https://go.nordvpn.net/aff_c?offer_id=15&aff_id=106735&url_id=902 Some of the links are affiliate links which means that we will receive a small commission if you make a purchase, however there will be no additional charge to you. TIMESTAMPS 00:00 - Preview 01:13 - Intro 01:48 - Meet Accountant Zee 07:01 - Language is key to getting business done 09:15 - What I learnt from growing up in South London 13:33 - How I became an Accountant (by accident!) 19:33 - Confidence opens doors! 20:28 - Accounting is the plumbing of your business! 22:04 - Don’t take a loan to pay your staff’s wages…! 23:54 - A business can be profitable but go under?! 25:51- This business was taking out loans and saying it was income! 27:38 - Unbiased Ad 28:26 - Why are people on £60,000 struggling?! 33:30 - Is there a way to protect yourself against a financial crisis? 34:43 - Pay lowest interest debt first? 36:25 - Tips to weather the cost of living crisis 37:17 - We should have more empathy for our peers 38:06 - Possible solutions to the cost of living crisis? 38:41 - Opting out from interacting with local government doesn’t serve you! 39:38 - The most revolutionary way to combat the cost of living crisis 44:41 - Knowing the value of things and not the price of things 45:38 - Economic depressions makes us do this…! 47:34 - £54 million spent on a bridge that doesn’t exist..! 49:41 - What is our taxes spent on? 50:45 - inflation causes people to pay more tax 51:34 - How the wealthy pay less taxes…! 57:12 - Is it possible to save taxes like the wealthy? 58:37 - If taxes were used efficiently. What would our lives look like? 01:02:42 - In France, they tell you what your tax is used for! 01:05:34 - Saving taxes with your 9-5 01:08:33 - Pro’s and cons of capitalism 01:17:08 - Final words! Learn more about your ad choices. Visit megaphone.fm/adchoices

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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