Episode Transcript
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Speaker 1 (00:10):
Good morning, matt
Morning gentlemen.
How are you?
It's a repeat 2.0.
2.0.
Speaker 2 (00:17):
Yeah, and you and you
venue, oh, new venue Same guest
.
Speaker 1 (00:21):
Repeat guest.
Repeat guest here.
I must have done well the firsttime around.
I don't say he's back, he'sback on the sofa.
He's back on the sofa.
It's the same sofa.
It's actually the same brandingas well, but different office.
Speaker 2 (00:33):
Different room is it
yeah.
Speaker 1 (00:34):
Yeah.
Speaker 2 (00:35):
It doesn't look like
a different room, does it?
Speaker 1 (00:37):
No no.
Speaker 3 (00:38):
Very similar.
Yeah, I think I like it.
Speaker 1 (00:41):
Yeah, it's good.
How have you been?
Speaker 3 (00:43):
I mean, good, it's
been turned, look 10.
Yeah, I've got a taxi driver'stender bike.
Yeah.
Speaker 2 (00:48):
Cyclist tan, cyclist
tan yeah.
Speaker 1 (00:50):
Oh yeah, Whether it
starts just above the knee on
the legs.
Speaker 3 (00:53):
Yes, I've got one of
those as well.
Yeah, yeah.
Speaker 1 (00:55):
I was in school with
a boy, A proper cyclist who was
in school, and he used toliterally he'd have he'd tan for
me and they'd stop then justabove his ankles, that as well.
He'd just have this.
Like it was so funny when heused to like kind of go and play
rugby or something like that.
He'd have that big gap.
Speaker 3 (01:10):
What happens.
Speaker 2 (01:11):
Exactly yeah.
Speaker 1 (01:12):
Yeah, yeah.
Speaker 2 (01:12):
Same on his arms then
as well.
I know, I know, totallyoff-piste.
Mark Cavendish is back foranother year.
He said last night Indeed, Iwas super, he was never going to
go.
Do you know what I think he was?
Speaker 1 (01:24):
You said he thought
he was, but after watching the
documentary.
Speaker 2 (01:28):
That he's mental
health issues.
But he'll be back next year andhe'll smash it.
I haven't seen the documentaryyet.
Speaker 1 (01:34):
Really good, really
powerful.
It is good, isn't it?
I flipped past it on Netflixand ended up on Beckham instead.
Speaker 3 (01:39):
I haven't watched
that yet.
I was the first one.
I was really good at it.
Speaker 1 (01:44):
He's cute and evil.
He's a good lad, isn't he?
I know, I know that you can bemuch credit for not being very
intelligent, but I think he'svery intelligent.
He's very intelligent actually.
Speaker 2 (01:52):
So get where he is.
He's very, very intelligent.
Speaker 1 (01:55):
I was the first one
last night Low respect for
Beckham, I'm going to say and hewas the first one really
commercialised as well.
He took that Brill Cream one, Ithink it's in there and he was
just like game on.
It was quite funny.
What do you say?
He earned 50 quid from Adidasand spent 50 quid on M3?
50 grand, 50 grand on M3.
Basically, if you earn 50 grand, you don't find anything about
(02:17):
50 grand.
Speaker 3 (02:18):
That's why I watch
his cars.
Speaker 2 (02:20):
Yeah, but when you're
21, 22 years of age, perfect.
Speaker 1 (02:25):
And in finnish.
It was one of thesedocumentaries where, like you
see some of these ones and theytalk about like Alex Ferguson,
but then Alex Ferguson's not onthem, but he actually was.
Gary Neville was on the peopleon there talking super.
Speaker 3 (02:37):
Well, I just thought
they were brilliant and you know
everybody's big enough Beckham,and rightly so.
Yeah, and you know, to see allthose guys from the sort of team
back there.
Speaker 1 (02:47):
I know, and I was
looking there, you see, like
Ryan Geeks in the backgroundwhen they were warming up the
one day, and, yeah, like youjust see that team, all the old
players, yeah, yeah, yeah, itliterally was.
Speaker 2 (02:56):
It was one of our
previous guests.
Rodry played and signed for manUnited, rodry Jones, but I
don't know was he in the samesquad.
Speaker 1 (03:04):
I think he was,
wasn't he?
Yeah, he was, yeah then he gotin badly injured in me.
Wow, yeah, I think he was.
Yeah, yeah, yeah, no it's good.
Speaker 2 (03:12):
I think David Beckham
is probably a better negotiator
of contracts than Matt GottleBecause they Undoubtedly the
opportunity to go to America,which was a shit organization at
the time, and having yourcontract, I can buy a football
team for 15 million whenever Iwant afterwards.
(03:32):
It's mental.
The guys that were representinghim were just superb Because
they said the last of the annualto say annual season ticket at
Intramami went from some like$6,000 a year to $30,000 a year,
because now they got messy.
It's brilliant.
Speaker 1 (03:50):
He's making a fortune
, mr Beckham, it is clever.
So what's been happening?
Speaker 3 (03:54):
So back to a few days
been out in the sun again.
Speaker 2 (03:57):
In the Elgalf Saw
that on social media.
Speaker 3 (03:59):
Yeah, at the Elgalf,
came back for the summer, just
got fed up with the rain.
It's just rain, doesn't itforever?
It was really summer, was it?
Well, it was just like a winter.
It was kind of just theextension of the winter.
It was, yeah, it's just been.
I can't remember the last timeI've been in this country it
wasn't raining, and yeah.
(04:19):
So I went back to the Elgalf inearly September and when we now
I don't even know where we areanymore Early October, early
October, there we are.
So four weeks later I'm backfor a few days and come to see
you guys.
Yeah, do a few other bits andpieces business-wise,
property-wise, family and thenI'm back and playing tomorrow
(04:41):
morning Back to the sun.
Back to the sun.
Speaker 1 (04:43):
All right, I won't
say it then though.
Speaker 3 (04:46):
So it was 30 degrees
yesterday, yeah yeah, my wife
home.
Speaker 2 (04:50):
Can we put this short
now and just have a go away?
Speaker 3 (04:53):
I was in the kitchen
in my house this morning making
some breakfast with my, with agilet and a jumper, and my wife
phoned me and she was going.
Oh, my goodness, oh this.
The air-con on all nights inthe bedroom is so bloody warm.
I'm like, really, I was soyoung, it's like a couple of
hours on the plane and it's it'smad, isn't it.
It's such a huge difference.
How are the?
kids friend there.
They love it.
(05:13):
Yeah, they absolutely love itthere.
They're out in, they're ininternational school out there.
Yeah, getting used to theweather, when you I mean it's
okay for me, I was sunbathingmost of the day.
I hope so, my friend Whereasthe kids have actually had to do
things, which is, yeah, whichthey're a bit, they're a bit
peeved about, to be honest.
Why do you get to do nothingall day and we're still at a
good school?
I thought we'd come in here fora big holiday.
Speaker 1 (05:35):
That's the thing.
I guess that's a big holidayfor me.
I guess I was in there for thekids, isn't it?
It's kind of like I thought wewere coming here on holiday, but
no, actually you've still gotto learn.
Speaker 3 (05:42):
You're still going to
actually do the important stuff
.
Wow.
But it's quite a tough thing,you know, for kids in school,
international kids out therelearning all day in their heats
I mean the rooms over there.
It's a brand-smaking new school.
Everything is Everything iscompletely white inside.
(06:03):
It looks like a psychopathlives inside Really.
Yeah, it looks like he'sdesigned by a psychopath but
it's properly white.
You know, all the science labsare white.
I think it's white, veryclinical, very clinical, but it
keeps the whole place cool.
Yeah, I was going to say thatwas probably kind of.
What I really found was funnywas when I first got there was
on the blinds on the outside ofthe windows.
(06:24):
You know there's a bunch ofblinds on the outside of windows
in the UK.
It must have been ripped off inabout four seconds.
Speaker 1 (06:31):
It'd be a hot tub of
water and they're ice from it.
Speaker 3 (06:34):
So, yeah, no, it's
really nice.
It's really, it's a lovelylifestyle.
It's more relaxed.
The way I describe it is topeople is it's like the 1990s in
the UK.
So it's more relaxed.
It's not as frantic as the waywe're used to living our lives
today.
If you look in the tick boxesyou know it's like the 1990s,
(06:56):
but with fast internet.
And the internet is really fastup there, really, really,
really quick up there.
Yeah, no, 20 mile-nour limits,speed limits.
In fact, I don't think there'sany speed limits at all.
Speaker 1 (07:08):
Yeah, that's a.
I think we won't go there.
My drive to work has gonelonger and longer because it's
20 mile-nour limits Only by 45seconds.
Speaker 2 (07:15):
Mr Drakeford and his
team have.
Speaker 3 (07:17):
Oh, they're in 45
seconds, yeah sure, yeah and
sorry, does he actually drive acar, Drakeford?
He?
Speaker 1 (07:23):
doesn't drive a
license?
Speaker 3 (07:25):
does he, Does he not?
No, he doesn't drive a license.
Speaker 2 (07:27):
I see there's all
these things in social media
talking about it.
I think they put his numberplate of his Volvo out the last
day, so I presume oh right, youknow, somebody's just made this
up.
I don't know, probably, and tobe honest, I don't really care.
Speaker 3 (07:39):
No, no, no, no.
What that man has done forWales is they should be tried
for crimes against fashion andeconomics.
Speaker 1 (07:49):
And whilst that's no,
but at 100%.
You know, like if you're,Especially if you're a business
owner, he's done no favors foryou.
Speaker 3 (07:56):
No, no, and they
admitted to that, they truly.
They admitted that they aretruly not good at the business
side of things.
No, which is worrying for agovernment.
Speaker 1 (08:05):
No, and you know you
think it was very.
They did all that thing for therelief road and it all got
canned as soon as he turned up,Do you?
Speaker 3 (08:12):
know what?
I drive my car from the Elgarf.
Speaker 2 (08:18):
When you're sure for
us that on holidays.
Speaker 3 (08:20):
When the sheriff is
on his holidays.
I have to drive my own vehicle.
I drive.
I got.
I left my house in the Elgarf,jumped in the car, drove to
Seville.
I drove to Madrid the state ofthe like in Madrid.
I drove to Santander.
I got the ferry back toPlymouth.
I drove from Plymouth to the7th Bridge and the first traffic
jam I hit was on the M4, juston the other side of the 7th
(08:43):
Bridge, and I was like wow, youknow, wow, and that's not the
first time.
Every time I do that journey,which not very often Three times
done this year, it's the samestory, you know, when you go out
to traffic all the way out, andthen once you hit Spain or
France, if you drive throughFrance, it's just beautiful,
fantastic motorways all the waythrough.
Speaker 1 (09:02):
What a difference.
It's just literal absolutegridlock.
We're at all times like, evenon the weekends.
You can drive in the weekendyou get second traffic Two
o'clock in the afternoon.
Speaker 3 (09:12):
I was in Manchester
the other day.
I drove back two o'clock in theafternoon.
There's traffic jam on mecoming through High.
Cross and by the Celtic ManorTwo o'clock in the afternoon.
Speaker 2 (09:23):
What is going on?
Last Sunday, two weeks, whenthe 20s kicked in, we were going
into town on the A48 and on theway out it was like an
international game had justfinished.
There was miles of tailbacksbecause everyone on the very
front of this queue was doing 18miles an hour because nobody
(09:45):
knew if the A48 going out wasnow a 20 or a 50 and it was
causing carnage.
I don't know the makeup of thegovernment in Wales and stuff
like that, but the more youbecome a business owner, I think
, the more you realise businessowners probably should be the
(10:05):
politicians that understandspending and not spending,
because then people in there arespending other people's money.
That's an easy thing to do whenit's not your own money, you
have no attachment to it and youdon't care what happens to it.
Speaker 3 (10:20):
The more they spend,
the better they look.
Speaker 1 (10:23):
It's all about going
up the ranks, of where they want
to be in the future, isn't it?
I like Carl and John when hewas there, because he was a
business owner, he was abarrister.
He'd done a lot of differentthings.
He lived in the world.
We did some stuff with him whenhe retired him and his
speechwriter he was trying likea speaking course factory last
(10:48):
week in the office.
It was such a down to earth guybut you could see he knew his
stuff and he understood business.
Speaker 3 (10:57):
How much did you
spend on road sites?
Speaker 2 (10:59):
$93 million.
Is that what it was?
In the whole Wales it would be$93 million.
Speaker 1 (11:04):
In Nitholone it was
$900,000.
Speaker 3 (11:05):
It's only $23 million
in Cardiff or the Vale or one
of the other.
Speaker 2 (11:10):
I think $93 million
in the whole of Wales is going
to be.
Whether they've done it yet ornot, how many?
Speaker 3 (11:15):
houses, would that
build 93 million?
Let's say how many pockets ofgovernment and land must there
be in Wales?
How many of those can be raiseddown to Brownfield sites?
How many people would term?
Speaker 2 (11:29):
Not terminal, but
maybe cancelling that they're
being put off and being put off.
They can be sorted now and allthat I understand and I suppose
if we had a child or a parent orsomething that got knocked down
by a motorist, you might feel abit different, and I get that
because every life is important.
But $93 million to reduce it bythat amount where you could
spend it on alternative thingsthat might save more people I
(11:52):
know that's the wrong thing tosay, because every life is
important it kind of seems likea waste of money.
Speaker 3 (11:57):
It doesn't seem like
a priority to me.
Speaker 1 (12:00):
No, I understand the
drive.
Speaker 3 (12:02):
I'm fully supportive
of driving through little side
streets in Canton and the sideat 20 miles an hour.
I'm fully supportive of that.
But where was I?
I was driving down a roadyesterday.
I think it was in Everlis.
Speaker 1 (12:26):
I'm fully supportive
of driving through little side
streets in Canton and the sideat 20 miles an hour.
I'm fully supportive of drivingthrough little side streets in
Canton and the side at 20 milesan hour.
I'm fully supportive of drivingthrough little side streets in
(13:18):
Canton and the side at 20 milesan hour.
Speaker 3 (13:30):
I'm fully supportive
of driving through little side
streets in Canton and the sideat 20 miles an hour.
Speaker 2 (13:56):
Did it, matt?
Do you know when you came toDid it?
You know you're driving throughall these places and you're
doing the normal speed limit,which are all safe and that, and
you get to a certain time whereyou're getting nearer to then
you go.
Is there almost a dread andalmost a feeling of I'm going to
have to almost come back tobeing a type of business owner
(14:17):
again.
There's some feeling inside menow I don't enjoy this.
I'm dreading having to do 20miles an hour.
Speaker 3 (14:24):
That makes sense.
Yeah, it's not fun, is it?
It's not fun, especially whenit makes no real sense as to
where you did it, but you know Ican't actually work out from
being honest which roads arewhat speed.
Speaker 1 (14:37):
No, no, no, no, no.
That one I did now is 20.
Speaker 3 (14:40):
Oceanway is 20.
Yeah, right, okay.
Speaker 2 (14:43):
Although the Coppa
Day 30 this morning wasn't doing
20.
Speaker 1 (14:46):
No, I don't think
they know.
Do you know what I mean?
Speaker 3 (14:49):
It's like I mean 20
miles an hour on Oceanway.
I mean how many childrencrossing that road?
Exactly that?
I mean I had to feel road.
I was here this morning, 20miles an hour and a half to the
road.
I mean I didn't see a singleperson crossing a road, let
alone a child.
No, no, no, and then youweren't walking along with a
child.
Speaker 1 (15:05):
And I think they've
just gone, carp latch, haven't
they?
Schools during the week?
Speaker 2 (15:10):
Get rid of it, maybe
in the weekends.
And I have the other thing ofpotentially around care homes
because people might be crossingthe road that might have issues
walking.
That's absolutely fine.
I think we all have commonsense of going.
Well, if you see a school,you're not going to continue to
do 50 because you have a bit ofcommon sense.
Speaker 1 (15:28):
Some people run my
estate faster than they do 20
miles an hour at the moment,because there doesn't seem to be
any signs of that.
But they're going faster than20 miles an hour, I guarantee
you.
Speaker 3 (15:36):
I mean where I live
in the Algarve, there doesn't
seem to be anything to do withspeed limits.
Anywhere, you can park your caranywhere Remember I was saying
this like the 1990s yeah, youcould just sort of park anywhere
and it's never an issue.
Even in car parks we needtickets and it's people don't
block each other in Everybody,just sort of parks as you'd
expect them to.
Speaker 1 (15:54):
Really.
Speaker 3 (15:54):
Yeah, and you can
drive out afterwards and there's
no problem.
You never get a speeding ticket.
You never get a parking ticket,not to say there aren't speed
limits I'm sure there are, yeah,but nobody drives around like
crazy for it.
It's just one less thing.
It's like I think you mightstress on the mind.
Speaker 1 (16:11):
And I think, probably
because it's like the 1990s out
there and it's a lot slowerpace, less stress.
People are not rushing aroundOver here, everybody's rushing
to get everywhere.
Yes, and I think that's whereit comes from.
Everyone needs to be somewhereat a certain time.
Everyone's getting frustrated,everyone's getting annoyed, like
my drive in right from Caffilithe last two days right Hour and
(16:34):
25 minutes yesterday.
Hour and 12 today, right To doless than eight mile, yeah, wow.
And in the end, like today, Iput the satin have on.
Today it's like it's got to bea route which is going to weave
me through Cardiff and I choseone and every time I was I'd go
like a couple of minutes andit'd have another five minutes
(16:54):
on another five minutes, anotherfive minutes, another five
minutes, and I'm just like it'sall just right, yeah.
Speaker 2 (17:00):
Do you?
Know if you go back to the 90sand say it's like the 1990s.
In a small town in the west ofIreland the 1990s people would
when you're talking aboutparking would drive to a pub and
they'd reverse in that parkfacing the way home.
Speaker 1 (17:14):
That was the thing.
That's a good plan, is it yeah?
Speaker 2 (17:19):
And as long as you
got in your driveway nobody
could say anything to you.
There's a few incidents I won'trepeat it on air where
neighbors of mine smashed theirpillar on the driveway, evading
the long arm with the low, andthen they went.
Well, you can't prove it Now.
I'm in my own area.
Question for you, becauseyou've been gone now a while
(17:40):
Business owner, really, reallysuccessful.
Loads of people to keep happyand the stress and all that that
comes with it.
Fast forward now you've beenover in the Algarve for a while.
What's changed?
What makes you do you lessstressfully, you more relaxed,
you live in.
Everyone talks about living thebest life in that, but not many
(18:03):
people do it, or they do itwhen they're too late or they
think they need a bigger number.
What's it done for you so, as abusiness owner and if there's
other business owners listeningbecause we're chatting to more
of them how does it impact onyou physically, mentally and all
that by doing that now?
Speaker 3 (18:23):
It's the best thing
I've ever done.
It's, you know, waking up inthe sunshine every day, not
having to go to an office towork and being able to work once
a leisure on projects that youwant to work on, whilst knowing
your bills are paid by arecurring revenue stream, is
(18:46):
surely the best possible way tolive.
In my opinion, it's not foreverybody.
A lot of people like theHassler Bustle I did that for 20
years and it was great and Ireally enjoyed it and I didn't
think there was any other way Iwould possibly want to live.
But I found a different way andI think it's better.
(19:07):
And stress levels have gone,you know, disappeared.
It's still stressful, you know,still got kids to look after,
still got issues which I need tosort out, still got properties
over here which needs lookingafter all the time, and but you
know it's just a different level.
(19:27):
Do you miss the grind?
Absolutely no, not at all.
Absolutely, not at all.
Speaker 1 (19:30):
And a single bit, I
guess, going back to what Matt
the CEO, or whatever, of Y3SGroup, whoever it was, is that
you were with Y3S Group.
Speaker 3 (19:41):
Especially this
morning, especially this morning
.
Speaker 1 (19:43):
Yeah, Y3S.
How long was the typical day?
Speaker 3 (19:50):
The typical day for
me was get the kids to school as
quickly as possible.
Everyone running around thehouse in the morning it was like
still enough for me now,because it's still like kids to
school.
But get to the office here,just a few doors away from where
we sat one, and into theboardroom, morning meetings
(20:12):
looking at the deal flow,looking at the deal flow of the
other companies dealing withprobably I don't know five
problems on go problems to startwith, plus only additional
problems throughout the day.
You know it's just fireextinguisher, really just
putting fires out in the officewith my business partners.
And the whole idea was if wewere in the office, the office
(20:39):
would run at about 20% moreproductive than if we weren't in
the office.
Yeah, so my mindset didn'tmatter what I was doing.
My wife reminds me of this allthe time because that's what I
was doing is.
All I ever wanted to do was toget to the office.
Yeah, didn't matter what wasgoing on, I was just school
(21:01):
concert.
I would go and see all theschool concerts and do all the
sports days, as any modernfather does, but it was always
with a view to looking at thewatch and getting straight back
to the office, Get off a plane,off from holidays, how quickly
can I get my suitcase back homeand get to the office check it
in?
And that was just the mentalitywhich I had for many, many
(21:22):
years.
And I think if I'd broken thatmentality I don't think I'd be
doing what I'm doing now.
The will and the drive to dothat surely must have allowed me
to get to this point now.
So I can't say I would changewhat I did.
Yeah, because I actually reallyvery much enjoyed what I did.
Yeah, it was only when thestress of my eldest daughter,
(21:46):
who was quite ill, and thelooking after all of the
businesses combined togethermeant I didn't have any peace
wherever I went.
So I had to create less stressand some peace for myself in
order to be able to not becomeill.
And I've just taken that now tothe next level by just sort of
winding back as much as possible.
(22:08):
And I've got three, four pairsof shoes which I own to my name,
two pairs of trainers and twopairs of shoes, and in my closet
in the house in Portugalthey're all just sat there,
brand new.
I've one pair of flip flopswhich are completely battered
and covered in sand and three orfour pairs of shorts, and that
is my lifestyle now.
It's sandals and or flip flopsand shorts, and I spend most of
(22:32):
my day.
I've spent all of my day withmy wife, pretty much most of my
day with my wife, unless shegoes out for walks with the dogs
and friends I spend.
Today.
I spend probably an hour, halfan hour to an hour a day working
on my property business and Iprobably spend an hour a day
(22:52):
working on social media stuff,and the social media stuff pays
me, nothing like what myproperty pays me, but my
properties pay me, but it'ssomething which I enjoy.
It's a project for me.
I enjoy doing that side ofthings.
So that's the difference.
I'm now working.
I'm certainly not thewealthiest person, the
wealthiest person around at all.
(23:13):
That's not important for me.
The important thing is is do Ihave enough money to pay my
bills?
Do I have enough leftover tolive a reasonable lifestyle
without having to worry?
You know the next plane ticketor meal ticket or whatever it's
coming from?
And I think if you can wake upin the morning when you want to
(23:34):
and do what you want to do, Ithink that makes you wealthier
than the wealthiest CEO in allof the FTSE 100.
Speaker 1 (23:41):
Yeah, 100%.
Speaker 3 (23:42):
Who has to be in the
office for 14 hours a day.
That's my personal opinion.
Speaker 1 (23:46):
I think that's born
because the next question is
could you have continued thegrind which you've gone out of
and to do a 65, or would it havekilled you?
Speaker 3 (23:57):
Not sure it would
have killed me, but I think it
would have caused me somemedical issues, which I don't
know what those would have been.
But I thought when I took thedecision to step away from my
business, I was having massivestomach pains every single day.
(24:20):
When I went to the doctor andthe doctor said I describe your
lifestyle to me.
I know the doctor only.
I've known her for a while, soshe knows a bit about me.
I told her about my daughterand the medical requirements and
the 24-7 care that she requiresand having a house with five
members of staff working on24-hour shifts inside the house,
(24:42):
which is very stressful.
Then I told her about thecompanies which I ran and the
150-odd staff I employed and theproperty portfolio and the fact
that I managed all thoseproperties.
She said what You're doing,what One person shouldn't really
(25:02):
be doing, all these things,she's not good for you.
She said this is probably whereall your pains have come from
and various tests which I had,because I thought I had the big
sick or something like that.
I was tested.
I was absolutely fine.
I said the problem is stress.
It's not that I don't feelstressed.
She doesn't have to feel stressin your mind, for your body to
(25:27):
feel stress, she said.
I suggest you start looking atyour lifestyle and cutting back
things that are affecting yourstress levels.
There's no way I could cut backwith the care in the house.
I took the decision toeliminate the work side of
(25:48):
things.
I could only do that because ofthe portfolio which I'd been
building in the background.
I wouldn't have been able to doit had I not done that.
It would have been a differentstory.
Speaker 1 (26:02):
Yeah, I'm not
speaking out of that resonance
for me, because I've just gonethrough the same thing with
stomach issues now.
Speaker 3 (26:07):
Oh, is that right
yeah?
Speaker 1 (26:08):
I said we'd ask him
then to die in lifestyle.
But there's some shifts I'vegot to make.
Yeah, that very reason Iliterally about 12 months I've
been probably under a consultantIs that right Various tests.
Yeah, you know it's not somenice tests.
Yeah, Another one.
Yeah, you know those tests.
Speaker 2 (26:24):
That happens when you
have to work with me.
Speaker 1 (26:26):
Yeah, definitely.
But you know, like you know,there's three of us in the room
and two of us have had exactlythe same type of issues.
Speaker 3 (26:32):
Yeah, so that means
probably two in three business
owners are doing exactly thesame, and I read something this
morning saying that 70% ofentrepreneurs experience mental
health issues.
That doesn't surprise me at all.
No, it doesn't surprise me atall.
You know, I think I had mentalhealth issues every day.
I ran my business.
I didn't think about them asmental health issues.
(26:54):
I thought of them as issuesthat had to be dealt with for
running a business, but lookingback, they probably were more
mental health issues.
Speaker 1 (27:01):
Yeah, well, that's
exactly.
And I think, as a businessowner, somebody who shows huge
resilience, but actually insideyou constantly stressed, but you
don't always realise it.
No, you don't.
Speaker 2 (27:11):
We probably asked you
the question before because for
the last few episodes or serieswe always ask you know, you
always have to have mentalresilience or toughness and how
do you put on a brave face?
And that's kind of the go-tofor a business owner.
It's you have to leave all ofyour personal shit at home and,
no matter how bad you're feeling, you have to put on the good
face for all the staff, evenwhen your stomach is in a mess
(27:33):
or however bad life is at home,because that's your job and
that's tough for business owners.
And I don't think peopleunderstand that unless you are a
business.
Another business owner probablydoes, because the many plates
you're spinning have toconstantly keep spinning and if
one falls there's a good chanceto rest them, whereas no
(27:53):
disrespect to the employedperson doesn't have to wear all
these different hats.
Like you said the care of theparent, the wife, the husband,
the landlord, the business ownerthere's a lot in that Lots.
Speaker 3 (28:07):
You just constantly
put out fires.
You know it's the planning ofstrategizing, because that's 10%
of your day.
90% of your day is runningaround with the fire
extinguisher, putting out fires,just getting through every day
really, and that's the life ofbusiness owners.
Speaker 2 (28:24):
And that's the
struggle you have now of getting
through every day in 30 degreesof heat.
Speaker 1 (28:32):
In your flip flops
and shorts.
Speaker 3 (28:34):
Remembering to apply
sun lotion.
The funny thing is with thekids going to school.
You know, kids get your coatsover theirs.
Kids, have you put your suntanoil on Suntan?
Speaker 1 (28:45):
Yeah, your friends
are Australian.
That was one of the biggestshifts they did.
They moved over there.
It's quite obvious, but it'sstill quite a fun thing to get
used to.
You know, putting sun cream isthe equivalent of us putting our
jacket on before we leave thehouse.
Speaker 3 (28:58):
Yeah, it's quite a
strange one For me as well.
It's about the shift Since Istopped working a day job.
The shift on personaldevelopment and concentrating on
my health was massive.
Since spending 90% for the daystressing out on business, I now
(29:23):
probably spend 90% of my daywalking, going to the gym,
cycling and doing the good stuffand 10% of my day actually
doing anything which you couldprobably call work.
That is, I mean, such a hugeshift in lifestyle for me over
the last three years.
Speaker 2 (29:43):
Here's one for you.
Then If you're doing that now,have you seen a positive impact
on physical and mental health asa result of that?
90% shift to eating probablydifferently or healthier over
there and exercising more andhaving more fresh air, naturally
because of the lifestyle andoutdoors.
So has that impacted positivelyon physical and mental health?
Speaker 3 (30:04):
Yes, I know that
because, well, I come back to
Cardiff and I land and it'sgrowing wet and raining and damp
, I just feel immediatelysemi-depressed.
I must have come from adifferent state to get to that
state.
Does that make sense?
When you wake up in the morning, it's 25, 30 degrees Is one
(30:33):
less thing that your mind has tocope with in the morning.
Or when you look outside,thinking I was raining to put
jumper on, to do this to allgoes miserable on wet.
I'm running to get a coffee.
You just you just peeling offlayers of things that you no
longer have to think about.
Speaker 2 (30:52):
City is the Steve
Bartlett, steve jobs thing of
your word.
You don't have to worry aboutwhat close to where that's.
Right in the morning you haveone of your four pairs of shorts
, a T shirt and the flip flops.
So if the 90% is there, do youthink I know it's gonna be
difficult now that businessowners should take more
(31:15):
Structure on their physical,mental well being?
Speaker 1 (31:20):
now, I know it's
difficult when you're in there
at that time but you've seen itfrom the outside.
Speaker 2 (31:26):
Now you come out and
you kind of gone to be a total
transformation.
Is there a need for thosebusiness owners, whoever they
may be with with five staff or500 staff, to start taking steps
back and prioritisingthemselves?
Have to more than the extra 5%growth in?
Speaker 3 (31:41):
the company.
They have to, because otherwisewe're gonna end up in a nation
full of stressed out sick peoplewith very large medical bills
or or an over strain NHS,because you know, these days in
it we don't actually know theoutcome of what we as business
owners is going to look like,because we've only ever been
able to do things as fast as wecan do today.
(32:03):
Yes, last 510, 15 years.
So that's not yet manifestitself in the super stressed
level of people which can comealong in 20 years, cost in the
NHS, afford to know or thoselike enough to provide medical
insurance.
You know it, we all know thatLooking after our mental well
(32:24):
being and looking after ourphysics and what we put into our
bodies.
This night is here, thebeautiful salad and spring water
and plenty of the largestsocial media people last week
while out cycling is moderation,moderation, and I think we are
(32:46):
becoming a sick country and Ithink a lot of countries are
becoming second.
Speaker 1 (32:50):
You know the Americas
, you know the UK, because
certain types of food are moreready, available, actually
Targeted at people who arerushing round or stressed.
That's one of the big shiftsI've had to make is the fact
that I don't really any sugarythings anymore.
(33:10):
I keep my carbohydrates to theevening.
I don't really have anycarbohydrate things.
I really need them and do a lot.
Speaker 3 (33:16):
I think Greg's three
times into being out.
Speaker 1 (33:18):
exactly there's no
such thing as there.
No, and I asked if you go toyour France and Spain's, you see
Delhi's and you know, and Longyears, yeah, all those things,
and it's all.
And everyone's like, oh, you behaving cakes on the other,
freshly made, but I'm not havingall the other rubbish which
goes with it in Germany.
Yeah, I think we everything'sbecome this fast food, fast
(33:39):
fashion.
Speaker 3 (33:40):
We've got.
We've got a restaurant justbehind our house and if you walk
through the back gates you canwalk about five minutes down
through a sandy lane towards thebeach, across a tiny little
estuary, and there's a freshseafood restaurant and it's 20
euros for the lunchtime Menueach.
Yeah, it's not particularly alot of money, but we get for it
(34:05):
is unbelievable yeah, fresh fishwhich is caught that morning.
Yeah, put onto a plate withgarlic, butter and potatoes and
fresh vegetables.
Speaker 1 (34:16):
It's just a joy to
eat hasn't been packaged, hasn't
been injected with something,has not preserved his added to
it has been sat on a shelf in asupermarket.
Speaker 3 (34:26):
I mean, what is, you
know, just a direct hit to the
In several vortex.
Yeah, fresh fish, fish.
You know, I've really fish inthe UK but I did the I love fish
now and just those littlechanges to lifestyle has made a
big, big difference to me.
Speaker 2 (34:41):
The big thing.
I've just listened to you boysthere where you said I've been
back and I've been to Greg'sthree times.
You, you're technically gonefrom here now and you can fly
and fly out, but you'vementioned a few things are going
.
I feel miserable.
It's, it's bleak that it'sgreat I've been to Greg's three
times.
You're trying to say, is thebusiness owner that goes away on
(35:06):
holidays for a week, he or shemay switch off?
It's highly likely that theywon't, because they've got their
phone with them and they have aweek away or two weeks away
somewhere and as soon as thatplane touches down, again Back
to it because somebody that hasa way for a lot longer and
technically isn't coming backafter a week, like you, you're
(35:28):
straight back into the routineagain of Greg's feeling
miserable because it's wet andall that.
And this is not your hometechnically anymore.
You're only flying in, flyingout.
You know you can go back therebut it almost sounds your, your
old routine of bang.
Greg's is back straight awaythose business owners don't have
that.
So even if you go to the Algarve, you go away four day cycling
(35:49):
in Spain with with you boys 140miles in three days.
It's not sure it's that it'sswitch back on and off straight
away.
Speaker 3 (35:57):
Yeah, yeah, it does.
Yeah, now you do.
You flip back straight backinto the, the previous lifestyle
, and you know, no doubt I'vegot to go and see a property
after this which has beenprepped for a tenant.
I can meet my builder in a bitand I guarantee I'll probably go
back to Greg's or take him onthe Donald's or something.
(36:17):
I'll probably grab somethingfor myself and you know it's.
There's a lot of crap in allthat stuff, isn't it?
Speaker 1 (36:25):
Well it is.
I think that the the furthestit's taken from source, the
worst it is for you.
Speaker 3 (36:30):
Yeah, I mean I do
know what we actually had.
Do you remember what I don'tknow if you ever saw where
there's little cars when, when Iused to run my three S, we used
to go around country signingclients up to court response
mobiles and it's.
Speaker 1 (36:43):
Oh yeah, I saw the
response.
I saw it in the back beforehere.
Speaker 3 (36:46):
So we had I think we
had eight of those at the peak
One of the guys who used to workfor us.
He had some kind of medicalissue and he couldn't drive
anymore, so we had to spare carin the car park.
So we used to use it for sortof you know, maybe not to grab
sandwiches or coffees, yeah.
So I jumped in the car one dayand start the engine and I
(37:10):
dropped something on the floorso I leaned under the seat to
pick it up.
I thought what's that?
Oh, what's that.
So I pulled out a fillet offish and so I spoke to the chap
whose car it was A few weekslater to see how he was.
I said I found a fillet of fishunder the driver's seat.
He said what I said fill thefish.
Mcdonald's filled the fish in abox, so I dropped that down
(37:34):
there about a year ago.
You could have put this thingback in the microwave.
He did it back up.
It looked exactly like it hadbeen generated?
No, it was still exactly thesame, but cold as when he
dropped it down there.
ใใพproductcom.
I mean, what does that tell youabout?
What kind of crap is going intothis stuff?
(37:55):
It should degrade, shouldn't it?
It should degrade.
It was not degraded.
This was perfect.
Yeah, I reckon 60 seconds inthe microwave on about 800 watts
with some chips.
Speaker 2 (38:06):
You have to do the
chips.
Yeah, maybe even a tartar sauce.
Speaker 1 (38:08):
A little bit of
tartar sauce.
Yeah, I heard you said wow,that's disgusting, that's
disgusting.
Speaker 2 (38:14):
Pretty bad, that is
disgusting.
Speaker 1 (38:18):
So you've been in
property 20 odd years, 24 years.
Now there we go, 24 years.
Speaker 3 (38:22):
Yeah, 24 years, man
and boy You've been through some
ups and downs.
I've been through a couple ofups and downs.
Speaker 1 (38:28):
Where do we think
it's going?
Where do we think it's going?
Speaker 3 (38:33):
A big question.
The problem is when peoplethink you are given an opinion
as an expert.
I would find that an expertopinion is.
You always take the completelyopposite view, don't you?
Yeah, If the expert's opinion.
Speaker 2 (38:49):
Yeah.
Speaker 3 (38:51):
So I don't really
know where this is going.
I speak to lots of people on adaily basis.
I probably speak to two orthree conversations with various
business owners or mortgagebrokers or property people,
state agents.
I'm kind of getting the mixedbag.
But my personal opinion is thatwe have only just seen the
(39:17):
initial effects of the interestrate rises coming through, and I
think we were talking earlierabout how many rises there have
been 13, 14, no 14,.
14, yeah, it's been quite a lot,wasn't it?
The second of ones and then thelast ones can't hold.
Yeah, and everyone's gone.
Yay, yeah, everything's back tonormal.
It'll probably go again.
It's not the case.
It takes nine months for everyquarter percent interest rate
(39:38):
rise to manifest itself throughthe market.
So we've got a lot of rises yetto manifest themselves, and
those people are on the one anda half percent rates going up to
now.
Well, four and a half fivepercent, not mid-fives, is that
right Mid-fives?
Mid-to-leaf fives, then?
Okay.
Speaker 1 (39:54):
You'd be lucky if you
get a sub-five percent.
There's a couple of lettersthat's got sub-five percent.
The Halifax has dropped reallyyesterday, yeah, 4.85.
So there's nine nines this weekaround about, but probably you
were five to six.
Speaker 3 (40:07):
Five to six, yeah, I
mean second charge loans.
You're probably sort of eightto nine, yeah, and a bit more
now, yeah, A bit more.
There's one lender talkingabout coming back down to the
beginning of the seven, but Idon't know.
I mean there's you know fromwhere we were a year ago, a year
and a half ago.
When was the Liz Trust thing?
Was that over a?
Speaker 1 (40:25):
year, just over a
year ago.
Well, I was on the news.
Yeah, I think it probably wasyeah About a year, isn't it?
Speaker 3 (40:29):
Yeah, yeah, yeah,
Since then.
You know I always say bad newstakes three years to come
through the market.
I don't know how many peopleI've spoken to over the years.
I go six months time.
Everything will be much better.
Six months?
Everybody's going to call itsix months.
I mean that's bullshit.
It's not six months, it'salways three years.
If there's bad news, a hint tomarket, it takes three years for
(40:50):
it to come through, in myexperience.
Speaker 1 (40:54):
Yeah, Well, I've
generally been saying to people
we're not going to see any kindof positivity until at least
2025.
Speaker 3 (41:02):
I think you're right.
I think you're dead right.
Maybe later, I think you'redead right, I think between now
and then.
Speaker 1 (41:05):
I think we've got a
rough next year.
Yeah, I think so.
Speaker 3 (41:09):
I think we've got a.
I think, between now and then,we'll probably look back on it
in 2025 or 2026 and go wow, thatwas a tough period.
Yeah, While you're goingthrough it, you just go through
it, didn't you?
Yeah, you do, yeah, you don'tquestion, you just get on with
it and hope for a bettertomorrow all the time.
But yeah, I think there's a lotto come through.
I think there's a lot of peoplewho are paying 1,000, 1,500
(41:30):
pounds a month on their mortgageand probably burying their head
in the sand as to yeah, andthinking I really hope my
mortgage isn't going to be up to4,500 pounds a month and how on
earth am I going to be able toafford it?
I don't know what those peopleare going to do.
I don't know what's going tohappen.
There's going to be a lot offire sale properties, I think so
.
I'm seeing reduced propertiesevery single day.
(41:50):
On my first, the first thing Isee in the morning in Portugal
is my dog's backside, and thenthe second thing I see is my
right move email alerts as towhat to sell in Cardiff, where I
am at the moment, for the nextfew days.
It's the first thing I seeevery day is my right move
(42:10):
because my dog's in Portugal andthe amount of reduced
properties coming through isjust incredible.
I think anyone who's out therebuying investment property
should be looking at offering 15to 20% under asking price for a
property which needs a standardreefer plus a kitchen and a
(42:33):
bathroom and boiler I thinkanybody who's looking at a
property.
I always look for propertieswith good kitchens, good
bathrooms, good boilers orthings that can be upgraded and
repaired.
I think you should be lookingat 10 to 15% under asking price
and go on to the right move.
Now.
Look at the area in which you'dlike to buy a property.
Look for the oldest listed andyou'll find a load of dog-y-ed
(42:56):
properties that have been on themarket for God knows how long,
that are ripe for refurbishmentand are ripe for a deal.
There's a lot of bargains tocome.
There's bargains out there nowand there's a lot of bargains to
come.
Yeah, I agree.
Speaker 1 (43:15):
No doubt about that.
Yeah, I think we've got aninteresting period to come.
I think so.
I think so and there's someother things I don't think
people have taken into accountis that people are going to
start paying their bounce backloans back now.
Speaker 3 (43:29):
Yeah, that's
something which I've not
considered, because they were.
I didn't have one.
Speaker 1 (43:32):
Perhaps I should have
got, perhaps I should have got,
because they weren't, becausethey offered periods of interest
only in increased terms, onlyalso another six months.
Basically, I think you hadabout two years or so from two
and a bit years from taking itbefore you'd actually really
have to start paying it.
Speaker 3 (43:51):
Yeah, my friend got
one and that's all the
start-taking thing.
Now my friend of mine got oneand he's got loads of money and
he bought himself a nice new vanwith it.
Speaker 1 (43:58):
Oh, he'd have a lot
of speeder than that.
Speaker 3 (43:59):
Oh really.
Speaker 1 (44:01):
He bought himself a
brand new Range Rover Jags.
Speaker 3 (44:03):
Oh, the Range Rover.
Did I miss out?
Did I miss out on that?
Speaker 1 (44:05):
That's true Because
the interest rate was 2.5% on it
.
Now they realise that theirbusiness is maybe not doing as
well as it should be, and theynow go to start paying it.
Speaker 3 (44:12):
Well, this is a
problem, isn't it?
You know, all this money thatwas given away in the pandemic,
you know who would have thoughtthat we'd have to pay it all
back?
Speaker 1 (44:20):
Well, I read a
statistic about it would be more
cost-effective for thegovernment to write them off
than to chase 10%, Only 10%.
Is that right?
Only to chase 10% of defaultedloans?
The cost of chasing them wouldbe more than if you just wrote
them all off.
Oh my gosh, that says a lot.
Speaker 3 (44:42):
That's a basic income
.
Where's that going?
Oh, what do you think of thatAI?
Yeah, you guys just read a lotabout that AI I love reading
about this stuff AI, I love AI.
Speaker 1 (44:52):
I think AI is great.
Speaker 3 (44:54):
I know For a bit
until it starts killing us.
It'll be fine, until it startskilling us.
Speaker 1 (44:58):
Don't worry about
things like that Really.
Speaker 2 (45:00):
We'll be fine.
We think so.
I think it is beneficial.
Speaker 3 (45:03):
I think we've got 20
years I think we've got 20 years
before it overtakes us, You'llbe properly tanned in 20 years
then Well, this is why I'm doingwhat I'm doing now.
My wife was laughing at me.
I said look, we've got 20 yearshere.
We're both pushing 50.
She was like easy Tiger.
I said I'm 49.
I said, well, I'm 48.
So what I should say,sweetheart, is you're pushing 50
.
Speaker 2 (45:24):
No, you should not.
You're right I didn't say thatthere's a difference in a tan
and a black eye.
Speaker 3 (45:29):
Yes, and I'm sort of
convinced that we've got about
20 years of a good life leftbefore the machine is taken over
.
I don't know what you think.
Speaker 1 (45:40):
Yeah, I wouldn't
disagree with that.
You're not convinced, are you?
Speaker 2 (45:43):
I have nothing to
back up agreeing or disagreeing,
only from what I read.
Speaker 3 (45:48):
I like to read a lot.
Speaker 1 (45:49):
How rapidly has AI
taken over things?
Speaker 3 (45:53):
Well, you know, when
I drive my car on autopilot,
that's AI.
Speaker 2 (45:57):
I speak to my phone
and send text messages which are
usually the worst, usually, butIf you promise to keep this
very quiet and don't tell anyoneelse, right, go on.
This is where I come from, onthe west coast of Ireland, a
island called Ackle.
Technically, they were seen asvery backward for years, so
there's a very good chance thatAI won't get there for many,
(46:18):
many years, because I think onlyrunning water has happened in
the last decade.
So if AI does take over, let'smake a pact that the three of us
can go there.
Speaker 1 (46:26):
Go there Because
it'll be like the 1990s.
But that blast.
I think there's going to besome places where it just won't
really take any effect becauseit's so far behind.
But in the UK alone, we jumpedright on the bandwagon a bit,
haven't we?
Speaker 3 (46:40):
Yes, yeah, but I
think it's great.
I mean, do you use Google BARD?
Do you use chatGBT?
Do you use chatGBT?
Yeah, yeah, I use Google BARD.
Speaker 1 (46:48):
What's that like?
Speaker 3 (46:49):
I think it's
brilliant because, you know, do
you have to subscribe to chatGBT?
Speaker 1 (46:53):
For the upgraded
version, but the standard one.
I don't see the differencereally.
We've tested it.
Speaker 2 (46:58):
I don't see the
massive difference there.
Speaker 1 (46:59):
Is there not?
So Google BARD, is that part ofyou?
If you're, yeah, I mean becauseI use Google for everything.
Speaker 3 (47:04):
And so it's just
easier for me to just go on to
Google and do the AI bet justbecause I haven't been on to
Well, I have been on to chatGBT,but Google BARD's brilliant.
I love it, and I'm sure there'sothers out there which are just
as good.
There's a million and fiveothers, and they've come that
quickly.
Yeah.
Speaker 1 (47:21):
That's how fast
they've arrived.
Speaker 2 (47:22):
The add-ons that you
can do to all of them now and
what they can do.
Speaker 1 (47:26):
Do you know what I
mean?
It's just like.
Speaker 3 (47:28):
It's mental and you
know I've had a little luck and
I use it for some things andI've constructed emails and done
some other bits and pieces ofit.
But you know I'm justscratching the tidy, tidy corner
of the surface here.
Speaker 1 (47:43):
Yeah, like we all are
, Like we, so we'll.
So you come up with an idea andyou're kind of like how do I
get a bit of a minimal, viableconcept out of it?
Well, chatGBT will give youthat, which might have taken you
days.
It might take 10 minutes to go.
Right, what's my ad?
Climb for this and they'll giveyou the structure in the back.
And then you're like right nowmy mind's working, Now I know
(48:05):
what I've got to do.
Speaker 2 (48:07):
But there's even
silly things like I played
around with a few weeks ago andthought, right, let's get it to
make me a PT month session.
You know I want to increase mycast or whatever.
It just throws something inthere and it gives you the whole
thing.
So you can get that technicallyfor free.
But there are still people thatwill still not use that and
(48:28):
will still like the personaltouch of going, paying for a gym
membership and paying for a PT.
So, as much as it does takeover and it can be a lot more
cost effective in your life, Istill think people don't want to
use it for that, and you canuse that exercise example and
multiply that by any other thingthat you do in life.
So it might take over and killus all, but I don't think as
(48:52):
many people are using it as wethink.
Speaker 3 (48:55):
At the moment?
At the moment, yeah, so they'renot linear in their growth,
they're exponential.
Speaker 2 (49:01):
Possibly not no.
Speaker 3 (49:03):
You know they're
exponential.
Yeah, Elon Musk's new book.
No If you guys are ready?
No, If you're a fan.
If you're a fan, I'm a big fan.
Some people like him Do youknow what?
Speaker 1 (49:12):
Not my thing.
I've no, I've no, I don't likeor dislike him.
Yeah, and I've never reallyread a huge amount about him and
quite all, and it's one ofthose things, the same with
Steve Jobs Never really read alot about him, but yeah, I mean,
what that guy has done forhumanity so far is incredible.
Speaker 3 (49:30):
I mean, I've read all
the pretty much everything
about him, really, and thelatest book is just incredible.
It takes you all the way up tothe current.
Where is that Just before?
Where he is now to the sort ofpoint at which he was.
He's just getting ready to handover Twitter to the new CEO.
Oh okay, yeah.
So that's how Really that's X,yeah, oh, x, yeah.
(49:54):
So he's got a son called X,yeah, and son, yeah, I know.
And he's got a daughter calledY and he's just a new baby.
I think it's called somethinglike techno machinists or
something like that.
Speaker 2 (50:05):
You're allowed to do
that when you got loads of money
, because nobody's ever going tochallenge those kids yeah.
Speaker 3 (50:09):
He's got 11 kids now.
Speaker 1 (50:11):
He's got 11 kids yeah
.
Speaker 3 (50:13):
Yeah, so that ends
with the CEO of Neuralink.
Neuralink, which is his brainimplant company.
Is he actually with her then?
No, no, no he's just fatheredto two children.
Speaker 1 (50:27):
That's what he does
too.
That's one of his things, isn'tit?
Yeah, that's why he's listeningto kids.
Yeah, I'm not going to commenton here, I'm going to keep quiet
, but I just he's like that'sprobably about as much as I
really know of that, but I 11kids.
Yeah, he's got 11 kids.
Speaker 2 (50:43):
You can fall it,
though, just about.
Even if you break up the, youknow what is it?
246 billion, or whatever he has, each kid's going to get a
couple of billion.
They're all right.
Speaker 1 (50:52):
I saw a brilliant
post the other day of someone
did a carousel on Instagram andit says like it's got like Apple
, amazon and it's like an ElonMusk, and you go scroll, scroll,
scroll and it goes GD.
You know, gross domestic of acountry.
So he keeps scrolling.
You go seven scrolls.
(51:13):
Like Elon Musk's wealth, Isthat right?
Speaker 3 (51:16):
Yeah, I'll show you
that, I'll find it out.
He's mental, yeah, but you knowhe goes into Twitter and what
he's very good at is reducingcosts in business, getting rid
of all the trim off all the fat,and he's there himself doing it
all.
He doesn't bring in Lutena todo it, he goes and does it
himself.
Speaker 2 (51:35):
But is he happy, matt
Cottle, because he may have
pains in the stomach.
He's not living the good lifein the Algarve.
You might have all the money inthe world, but I don't think
he's happy in a different way.
He's climbing a mountain withyou in Spain, or something?
Speaker 3 (51:45):
Probably not, I think
he's happy in a very different
way.
I think he needs the chaos andthe drama for what he does?
Yeah, I don't need that kind ofchaos and drama in my life, not
in your morning life.
Speaker 2 (51:57):
What's the school you
were in like in the morning?
The mini bus?
Speaker 1 (52:00):
The year.
It is the.
How rich is Elon?
Right, and he's got the medianAmerican millionaire top 1% of
America.
All that.
And then it goes to the bottomthree of Dallas Cowboys, delta
Airlines and Elon Musk.
So Dallas Cowboys 7.6 billion.
Then he scrolls Delta Airlines28 billion.
Wow, and then it goes, keepswatching this going.
(52:20):
Oh, 80% of the companies in theS&P are valued at less than 80
billion.
Are you still going?
Not even halfway.
Bill Gates is way back here at117 billion.
Don't get tired yet Poor.
Speaker 3 (52:33):
Bill.
Speaker 1 (52:34):
Poor old Bill.
He's also 159 billion.
If you made a million dollarsper year and never spent a penny
, you'd have to work 25,000years to earn the amount shown
on just this page.
Yeah, and it's still at the end.
And here's Elon.
That's around 28 billion.
Speaker 3 (52:52):
He's a very, very
clever guy, Jeff Bezos you
always have to double it.
Speaker 2 (52:56):
You know 159 is 318,
really isn't he, Because didn't
he give her half of it?
I think On the divorce.
Speaker 3 (53:02):
Plus, he's a little
money-weighting, but Bill Gates
would probably still be therichest one.
What if he didn't give away asmuch as he has Like this?
But I mean, what I found wasamazing with Elon Musk, just one
of the things and he fliesaround everywhere in his jet
just because he needs to be in alot of places, and it's sort of
three days before Christmas andhe's in an argument with the
(53:25):
facilities manager of one of theTwitter server centers and the
person in Twitter who's lookingafter says well, we need to move
those servers into a differentserver farm.
And how long is it going totake?
Six months.
He says, no way it's going totake six months.
No, seriously, by the time wedo the contracts, we do this, we
sort this out, it's six months.
He's someone done in threemonths.
(53:47):
We can't do it in three monthsfor this reason, that reason.
So he's always playing with abunch of others and they fly off
to somewhere for Christmas andhe's got the kids and all that.
He says let's just go and do itnow.
Let's move the servers now tothe new server farm.
So he lands his jet inSacramento, gets his people out,
he goes to the airport, gets abunch of other people to meet in
(54:09):
there.
He rents the first car he canfind, which is a tow to Corolla
right, drives to the server farm, says we're moving the Twitter
servers to the new place.
So he gets his facilities guyswith him and says go and rent
every single truck you can find.
The people in the server farmsay well, you can't just take
the service, why not?
He said my service, I ownTwitter.
(54:30):
So he goes down into the serverfarm and starts unplugging
servers from underneath.
And then he tests Twitter X andhe's like yeah, it's still
running, it's fine, it's fine,so let's unplug all of them.
And it's 55,000 servers havegot to be unplugged.
And he starts to load.
They start pushing them around.
He said the security guy isthere going and his Elon Musk is
(54:53):
there with servers, pushingthem on trolleys into waiting
trucks, which has just beenbrought in, and they fill up
something like four trucks andthen they bring it load of
people to carry on the workafterwards.
And it's just amazing.
It's just like right, it's notgoing to take us six months, I
want to do three months.
We can't do it in three months.
Well, that's just going to donow.
And then just flies out of thesky, into the look of it and
(55:14):
starts doing the work himself.
Speaker 2 (55:16):
There's nothing
better than a business owner
getting their hands dirty.
They won't even tell you thestory about our carpet issue.
Yes, I heard about carpet issue.
And we've got our hands dirty.
Speaker 3 (55:27):
It's amazing.
Speaker 1 (55:28):
It's going to be done
and it's the same thing.
We just looked him.
We thought we'd go on an eventrunning on the Saturday for the
rugby which we had here.
Speaker 3 (55:34):
I saw that yeah.
Speaker 1 (55:37):
So we had to get that
.
Speaker 3 (55:38):
We had to get that,
and do you know what?
What a fine job we've done.
I can't see any joy.
I thought it was one piece ofcarpet and it's actually carpet
tiles.
Speaker 2 (55:47):
When we go out in a
minute we'll show you the one or
two carpet tiles that are putthe wrong way, but it was an ass
.
Speaker 1 (55:51):
Who did that, do you
know?
That's our job.
Speaker 2 (55:53):
You look underneath
it and you look at where the
arrow is going.
If the arrow is going that way,yeah, so we didn't do a
checkerboard.
Speaker 1 (55:58):
We let it go kind of
straight because it looked it's
the next time I need a house toend.
No, no, joe, what it was whenyou were doing it.
There was a lot of calm to it.
I kind of realized.
I kind of understood why somepeople do it and because and I
understood- You're not reallyanswering to anyone.
Speaker 3 (56:21):
Well, my carpet
fitter would probably disagree
with you.
Speaker 1 (56:24):
He would, because he
does it every single day.
Speaker 3 (56:26):
I've got a great
story about my carpet fitter, so
he's fit in carpets in a houseof mine a couple of months ago.
He's on the floor.
He's a big lad, lovely guyCraig Carpets Not his real name,
like.
Speaker 1 (56:36):
Dave Coaches.
Speaker 3 (56:40):
So I said Craig was
your boy.
Where's your assistantMatthew's name is?
He said funny story.
Not really funny, he said, buta bit of a weird one.
I said go on.
Turns out he's a glue sniffer.
I said all right.
He said how'd you notice?
He said well, the carpet gluewe use.
He said I was all of a suddenordering two crates a week
rather than one.
He said I left him on a jobover in Lannishen, came back to
(57:05):
pick him up from the house, hewas upstairs laying on the bed
with glue all over his beard, sowe had to get rid of him.
He said I'm no way.
That is terrible.
That is terrible.
Poor kid there we are.
Speaker 1 (57:19):
He's doing that.
Oh wow, Probably still sniffingglue?
Speaker 3 (57:22):
Probably is yeah,
glue all over his beard.
Speaker 2 (57:25):
That's not how we're
called.
When the guy took up our tilesand there was nothing but glue
on the floor Every time youmoved one of your feet, your
shoe- stuck there.
Speaker 1 (57:33):
I brought my daughter
in.
I was like don't stand still.
She's only three years old.
Stand two is still too long,never get out of here.
And she was like I can't moveher feet down Unbelievable.
Speaker 2 (57:43):
Unbelievable.
Speaker 1 (57:44):
But he was
unbelievable Superb, so things
are good there, mate.
Speaker 3 (57:50):
Things that I touch
in, I touch them with that
Things are very good, I'm notgoing to complain.
I'm not going to complain.
If I did, nobody would listenanyway.
Speaker 2 (58:00):
We'll wait for the
cycling invite now in Spain.
Speaker 3 (58:03):
Absolutely.
Next year you fly downhill,I'll carry the bag you fly
downhill, Brilliant downhill.
Speaker 2 (58:10):
Yeah, you absolutely
muller downhill.
Speaker 1 (58:13):
Oh God, I'll be one
of those guys.
I passed to some guy the otherday in his re-tied bike.
Speaker 2 (58:20):
He was a massive beer
belly.
I was thinking you shouldreally be wearing like a
high-pitched bike.
Speaker 1 (58:25):
There's a lot of that
around, isn't there?
There's a lot of that around.
You're thinking that, likethere's really a bit of
aerodynamics, you've got a bigproblem there.
Anyway, it feels good, thoughit feels good.
Speaker 3 (58:33):
It does feel good
Until you look in the mirror.
And then you realise it doesn'tlook that good, exactly, but
it's very necessary.
It's necessary when you're onthe bike, you know, yeah, when
you're on a bike and yourjacket's flapping?
Speaker 1 (58:44):
No, you can't.
No, you can't.
Of course you can.
It's not going to work.
Speaker 3 (58:46):
It's not going to
work.
Speaker 1 (58:47):
I get that.
It's like wearing speedos,isn't it?
No?
Speaker 2 (58:53):
We probably need to
cut this short now, because
we're going into an area wedon't need to talk about it.
Speaker 1 (58:56):
was good to see you
though.
Speaker 3 (58:57):
Yeah, good to see you
guys, thanks for inviting me
back.
Thank you, and no doubt we'llcatch up again in a new year.
Speaker 2 (59:03):
Absolutely To part
three.
Speaker 3 (59:04):
Part three yeah, 3.0.
3.0.
Cheers, guys, cheers, ligga you.