Episode Transcript
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Speaker 1 (00:08):
Welcome to how I
Built my Small Business.
I'm Anne McGinty, your host,freshly back from a much-needed
three-week summer reset.
Today's guest is JasonGreystone, a professional
investor, trader, entrepreneurand founder of the Tears of
Freedom program.
He's the author of Always Freeshares generous trading
(00:30):
education on YouTube and createsfinancial empowerment content
on his own podcast.
I've been self-taught in Forextrading for a while now, reading
books, doing my own researchand watching videos, including
some of Jason's, so I'mespecially excited for you to
hear his insights today.
Jason has been featured inForbes, speaks at live events,
(00:57):
writes a weekly newsletter andhas made it his life's mission
to help people achieve truefinancial independence and live
their most inspired lives.
The information in this episodeis for educational and
entertainment purposes only andis not financial advice.
Please consult a qualifiedprofessional before making any
financial decisions.
Before we dive in, pleasefollow the show on your favorite
(01:20):
podcast platform.
I created this show to helplisteners like you learn from
the stories, experiences andwisdom of my guests.
By following the show, you'llhelp us reach more people and
make a bigger impact.
Let's get started.
So take us back to, like yourearly 20s, and tell us what you
(01:43):
were doing before you discoveredentrepreneurship and also
trading.
Speaker 2 (01:48):
Yeah.
So I guess, whether it'sinvesting, whether it's
entrepreneurship, whether it'strading or what have you, it's
all really this kind of drivethat I had to provide security
in my life becausesubconsciouslyly I was seeking
out security, because when I wasa kid I grew up on a council
(02:11):
estate with my mum and you knowwe had the kind of bailiffs
knocking on the door for theelectricity and you know all
those kind of horrid memories ofno stability, no security.
And I guess one of the biggestturning points that kind of
shifted me into all of this wasI was younger than 20, I was
actually 13 and um, there wastwo things that happened that I
(02:34):
took into my 20s and that wasone.
Every Friday everyone on ourestate used to moan about like
money and you know my boss isthis and you know money's evil
type thing, and I was a littlekid sort of earwigging, you know
, being nosy, and what I foundfascinating is they'd moan about
money and then this guy calledroy he used to come down and
(02:55):
take everyone's money to do asyndicate lottery and then for
the next 10 minutes they wouldall like their faces would light
up about how amazing their lifewould be if they won the money.
And I remember thinking this isso weird because, like they've
just said, it's you know, do youlike money or don't you like
money?
And I was.
I found it confusing.
But what happened,coincidentally, that year is I
(03:16):
really wanted this BMX bike formy, for my 14th birthday.
You know, I'd leave hints allaround my, my house for my mom
and my stepdad, and and my mombasically said, look, I know you
really want the bike, but wecan't afford the bike, but we'll
give you half if you cansomehow raise the other half or
go and do a little part-time jobor something.
And you know, I was looking atpaper rounds and I thought I'll
(03:39):
wash cars and um, we had thisgreen on our estate and I washed
.
You know, I spent all daywashing this car and um, I got
five pound plus two pound tip,so seven pounds.
And that night my friend was inmy room and I was telling him
about like I'm gonna have thisbike in in no time, you know.
And uh, he offered to help, um,and I didn't really want to pay
(03:59):
him or anything.
But my stepdad came in my roomand said I'm going to the shop,
do you need need anything andfor some reason, I gave him
everything I'd earned on thatfirst day to get another bucket
and another sponge.
And the next day, me and myfriend washed four cars and
within four weeks, I had fourfriends washing cars.
And I wasn't washing cars, I wasjust knocking on the doors,
doing the sales, collecting themoney, and although I was
(04:21):
getting less money for myself, Ihad to pay those guys.
I was still getting what Iwanted.
You know, eventually I wasgoing to get enough for the bike
, but I I wasn't doing the stuffthat I didn't enjoy and I
actually had this really greatappreciation for, for money and
and it was like these peoplemust not be using money the
right way, they must not beinvesting.
(04:43):
You know, delegation.
They're not focused on thingsthey enjoy, which is why they
resent the money, and it waslike I discovered fire.
I just remember thinking this isamazing.
You know this, this is what Iwant to take into my work life
and that's what I did.
So when I went into my 20s.
It was very much freedom oftime.
You know, how can I outsource,how can I delegate, how can I
(05:06):
systemize, how can I automate,how can I get rid of all the
uninspiring stuff and just focuson doing the stuff that I would
do even if I wasn't being paid,essentially, and I really made
a conscious effort to do that inmy in my job and in my in my
work.
Speaker 1 (05:19):
You figured that out
really young.
This is probably irrelevant,but I I am just curious.
Did people drop their cars offand then where did they go while
they were waiting for you toclean their cars?
Speaker 2 (05:30):
no, on our, on our
estate, it was like blocks of
flats, uh, lots of blocks offlats, and in the middle there
was these triangular greens andthat's where everyone parked
their cars.
So on each block there was,there was six blocks, so there
was six greens with probably youknow, 20, 25 cars on each one.
So I'd just go around all theblocks and we'd do each one and
then, by the time we'd done themall, we start again.
(05:52):
So it was, it was amazing, ohmy gosh that is actually really
quite amazing.
Speaker 1 (05:58):
Where did you learn
this?
So what was your education andwhere do you think that you
learned these ideas?
I mean, were they just deepwithin?
You think that you learnedthese ideas?
I mean, were they just deepwithin you or had you observed
somebody else doing this?
Speaker 2 (06:09):
Yeah, so I just I
think that they say that when
you're you know, before you'reseven years old, you're whatever
you perceive to be missing mostin your life.
You know the voids you shift toyour highest value.
You know you prioritize most inyour life.
So for me that was a lack ofsecurity.
It was no stability, no fatherfigure.
Um, I didn't know whether itwas coming or going.
(06:32):
You know, we was in, I was indarkness because our electricity
ran out, all these kind ofthings and, um, I think
subconsciously, I just seekedout security and and in doing
that I figured out that moneyprovides security and I just
naturally became this guy whowas always optimizing for income
(06:56):
and security.
And I remember the car wash.
You know, some of the thingsthat I used to say were like,
you know, because I made mystepdad buy a squeegee, you know
the thing that you get, likethe water off of the windows,
the little rubber thing.
And you, yeah, and we had oneof those and I'd never seen a
car wash with one of those and Iwas, I used to use that as a
selling tactic.
I'd be like we've got this andother car wash washers don't
(07:18):
have this.
And you know, I don't knowwhere that came from.
I can only assume that it wasjust a drive to receive money.
That's all I can imagine it was.
Speaker 1 (07:29):
Well, we share that
drive for wanting to create
security and seeing that moneyas a tool for doing that.
The way that we got there wasvastly different, but you
obviously didn't wash carsforever.
You obviously didn't wash carsforever.
So what did you do as youbecame an adult and started to
(07:50):
get more of a full time job?
Like, what was your experiencethere?
Speaker 2 (07:53):
Yeah, so I always,
funnily enough, I always wanted
to be a fireman and I keptapplying for the fire brigade,
which was very hard to get intoat the time, and year after year
, you know, I would get rejectedat the interview stage.
And in the meantime, what I wasdoing is I was training to be
an electrician because I had mystepdad worked for electrical
(08:13):
company and I did anapprenticeship and I thought
it's a good to have a trade,because with the fire brigade
you have four days on, four daysoff.
And I thought, well, I at leastI can make some money on the
four days off, right, and then Ican go and do the fire brigade.
And by the time I got acceptedinto the fire brigade I was
earning more money as anelectrical engineer than I would
(08:33):
have been in the fire brigade,and I was about 19, 20 at the
time.
But I thought, great, you know,I don't want to be electrician
all my life.
I don't want to be electricalengineer all my life, life, I
don't want to be an electricalengineer all my life.
So I had a decision to make.
I was like, ok, well, I'm notgoing to pursue the fire brigade
, but what I'm going to do isI'm going to build my own income
.
I'm going to become financiallyfree.
(08:53):
I'm going to do whatever ittakes to work my way up and earn
as much money as possible tobecome financially free.
So very quickly I startedtelling my boss at the time that
I wasn't going to be on thetools.
You know I wanted to.
I wanted all the training.
I wanted, you know, I wouldself educate.
And very quickly I became themanager of that company and
(09:15):
everyone my dad, my stepdad,everyone they were working under
me to the point where it wasjust really limiting because the
directors of that company wereold, they didn't really have any
motivation to grow it and I waskind of limited and capped.
And then, when I was 22, um, wefound out it was going to have
my first son.
So I was really young and uh,and I guess that was the rocket
(09:39):
up my backside for, for right, Ihave to actually do something.
Now, you know, I have toactually really take this
seriously.
And that's when I became, youknow, obsessed with growing
income, really really optimizingfor growth, investing my money,
increasing my investments,increasing my savings,
(10:00):
increasing my like myspeculative endeavors as well,
so I could kind of scale myportfolio quickly and it just
really spiraled from there.
It was a journey of investments.
It was like I've triedeverything.
You know.
I went down a rabbit hole of howI can replace my income through
the returns on my investments,because as soon as I found out I
(10:22):
was going to have a kid, I feltlike a failure.
It was like I do not want whatI had for my son, so I felt like
I'd failed.
I was like I'm not ready forthis.
So yeah, really really did puta rocket up me and yeah, just
went for it.
I actually quit the job.
I quit the job that Christmasand I said it was back against
(10:45):
the wall.
I just said, look, I'm notcoming back.
I'd worked for them for likesix years and I was like I'm not
coming back, I'm starting on myown, and it was like let's go.
I don't recommend that anyonedoes that.
Speaker 1 (10:58):
Did you have any
passive income at that point?
To make that step a little bitmore secure?
Speaker 2 (11:06):
that point to make
that step a little bit more
secure.
Not that I wanted to take, no,I was.
I wanted to build up theportfolio so that at one point I
could then just live off of thepassive income or the leveraged
income.
But I had nothing that I couldtake as income at that point.
Speaker 1 (11:18):
Okay, but you were
trading.
Speaker 2 (11:20):
No, actually I wasn't
.
I was investing, I was in thestock market, I was in some
futures, I was doing some realestate investment, trust index
funds, etfs, all these kinds ofthings and it was when I started
the business and I was growingmy income.
So basically I was I built thebusiness just to abuse it, just
(11:41):
to pour as much money into myportfolio as possible, right, to
pay myself as much as I couldso that I could grow the returns
and it became so stressfulbecause I built a business and I
was abusing the business, right.
So, you know, we needed a newmanager.
But I couldn't quite afford anew manager, right, because I'm
paying myself all the money,right.
So with that came all thisstress and um.
(12:03):
That's when I looked at higherspeculative stuff.
So I looked at online poker, Ilooked at options trading and I
looked at financial market, likeForex trading, and after
blowing around £40,000 learningto trade in the Forex market, I
actually came good.
It took me about 18 months tostart becoming consistently
profitable and then aboutanother 18 months to find my
(12:25):
feet.
It was about three and a bityears and from that point,
that's when I completely, youknow, didn't need to work.
So when I was about 29, thatwas when I was in a position
where I'd completely covered myliving costs by my investment
returns and my trading returns.
Speaker 1 (12:40):
Amazing.
That is pretty early.
You and I both reachedfinancial freedom quite early.
That is pretty early.
You and I both reachedfinancial freedom quite early,
but you got there like 10 yearsbefore I did.
So how did you learn how totrade?
Speaker 2 (12:52):
Yeah.
So luckily I say luckily, youknow, I took a couple of kind of
scammy type courses.
Luckily there was a guy thatlived near us who had some of
the.
He basically came and boughtsome of the fish from us.
We had a fish pond and hehappened to be an institutional
trader and he worked for a bigbank in London.
(13:16):
And he said look, I can't tellyou what to do, because retail
traders can't trade the same asinstitutional traders, because
you know, they move the marketand we ride the ride, the waves
that they create.
It's not, we don't have this,it's not the same.
So he said, look, I can't tellyou how to do this, but I do.
I can tell you that there arecertain moves that take place at
(13:37):
certain times of day, atcertain times of week, and
they're very common, and youneed to go away and build some
objective sets of rules aroundthese moves that take place so
that you can capitalize on them.
So he explained it as best hecould.
I was a complete nerd, anyway,and I was obsessed with data and
tracking and buildingspreadsheets and I just fell in
(13:59):
love with this process oftesting these patterns that were
happening in the market, andthat's where it all started from
.
You know hours and hours, youknow hundreds of hours, just
testing historical data in themarket and then having the
confidence that this happens onaverage over time.
And if I just trade this set oflike board game instructions, I
call it, I should get the sameresults.
(14:21):
And that's what I did, and ittook me.
Took me a bloody long time, butit paid off.
Speaker 1 (14:26):
Can you give us any
clues as to what he said?
As far as certain times of dayand certain moves, like what was
it that struck out most to you?
Speaker 2 (14:35):
Yeah.
So he basically said like it'sthe pound dollar and the euro
dollar and there is a like afear driven sell off about two
to three times a week and ithappens between the London
session and the New York session.
So it was in that crossoverperiod between, about you know,
11am and 1pm UK time and he saidthose markets dip three times a
(15:00):
week to three times a week.
Your job is to go and buildrules so you can capture those
dips.
And that was it.
Speaker 1 (15:05):
That's amazing.
Speaker 2 (15:07):
It sounds so simple.
Speaker 1 (15:10):
What actually is, and
I had mentioned to you in that
email, like I've been tradingcurrency now for just a couple
of years and I focus only on theNew Zealand dollar US dollar
pair because I'm personallyinvested in that, with my
husband being a Kiwi, and it isactually like very, I think it's
.
It's not that hard.
Speaker 2 (15:31):
I know, if it's that
easy, why doesn't everyone do it
Right?
It's the same goes for, youknow, warren Buffett style of
investing who's a who's abillionaire.
I think trading the concept oftrading is very, very simple.
What makes it so difficult isyou're the only person to blame
for losing money and you have tolook in the mirror and take
(15:55):
full responsibility for everypiece of discipline that goes
into your approach to tradingthe markets, your approach to
trading the markets.
I've learned more about myselflearning to trade than I've
learned on any other selfdevelopment program that I've
ever done.
So I think for me, the importantkey to successful trading is
just having a plan.
(16:15):
You know, understandinghistorical data, doing some
testing, having confidence innumbers.
And when you've got that, youknow you're not kept up at night
.
You've got reassurance innumbers.
You know the ultimate thing isyou have to be consistent.
You have to just be consistent,and that's the same in any
discipline.
(16:36):
And when you're not consistent,you get random results, and the
market is random, you know.
So it's your job to really naildown consistent strategies,
otherwise you're no.
So it's your job to really naildown consistent strategies,
otherwise you you're nodifferent to the people go in
the casino and are just having agood time playing the roulette
table and the, the one armbandits and all that, right.
But you look over at the pokertable, at the tournament table,
(16:57):
it's the same players on the onthe semifinal every night, right
?
So it's it's how you approachit that puts you in either a
gambler's category or aprofessional category.
Speaker 1 (17:08):
And to you what is an
example of a consistent
strategy, Like, how do you keepyour emotions out of this and
how do you set your your trades?
Like, how do you set it so thatyou are confident with what
you're doing?
Speaker 2 (17:23):
Okay.
So first of all, confidencecomes from me, as I say, from
from testing.
So, if I was, consistency isthe main, the main key.
So, first of all, confidencecomes from me, as I say, from
testing.
So, if I was, consistency isthe main key.
So let's just say that everymorning at 8am, your strategy
was to buy the US dollar right,the euro dollar, and at 9am you
close it off right, and itdoesn't matter if it's gone up,
(17:44):
gone down.
That's just your strategy.
That's a very consistentstrategy.
And if you did that all year,there's going to be three
outcomes You're either going toend up with more money in your
bank, less money in your bank,or break even right.
And the most important thing isit's consistent.
So you can look at it and go,okay, well, it's not profitable,
so why isn't it profitable?
Or it is profitable, profitable, or it is profitable Great.
(18:05):
How can I make it moreprofitable?
If it's break even, that'sfantastic.
You know, if you can tradesomething that consistently and
be break even after a year, tome that is a phenomenal result,
because you're way ahead of whatmost traders can do.
Most traders lose money.
So consistency is key.
And then you want to refine thatstrategy so that it suits your
(18:26):
personality and your lifestyle.
So your personality being, youmight like to be right more than
you're wrong, which meansyou're going to need to have a
strike rate higher than 50%,meaning that you're right more
than you're wrong.
Some people that I know.
I've got a friend called Siamwho's a trader.
He does a lot of crypto tradingand he's happy to be wrong more
than he's right because he'sgot a massive reward to risk
(18:47):
profile, you know, and everytime he's he wins.
It's like a 10 to one or a nineto one, so he can afford to be
wrong like seven times out of 10, and still make money.
And he's comfortable with that,whereas I'm not.
I'm not comfortable with that,so I wouldn't be able to trade
that way.
(19:08):
So it's finding that kind ofsweet spot with your personality
and then trading something thatsuits your lifestyle.
So consistency is the key.
So it's no good trading likethe hourly time frame if one of
the setups is going to play outwhen you're in a meeting or
doing the school run or takingthe bins out or whatever right
it's it's.
You need to build somethingthat you can consistently trade
and it suits your personality.
So when you're building a tradeplan, you have to build
something that you canconsistently trade and it suits
your personality.
(19:28):
So when you're building a tradeplan, you have to build it
around you and your lifestyle,because there's thousands of
ways you can make money in theForex market.
It's just patterns.
It's just patterns that happenfrequently and your job is to
you know, build strategiesaround those patterns to
capitalize on those moves.
And that's really how simpletrading is.
Speaker 1 (19:46):
Well, so you've been
trading now for what like 20
years or so.
Speaker 2 (19:51):
About 18 years.
Speaker 1 (19:52):
If you were to look
back at where you were at the
beginning and then you look athow you're trading today, like
what is the biggest differenceyou see between what you were
like as a beginner trader andnow?
Speaker 2 (20:03):
I'm just a clock in,
clock out type type of guy.
I see the wins and the lossesjust as things that take place.
I'm not emotionally connectedto wins or losses, it's just
clock in, clock out, go throughthe motions and over time I
produce a profit.
So I'm much more longer term.
I've got longer time horizonsin my mind with my trading.
(20:26):
These days it's much more wellafter six months am I profitable
?
After 12 months am I profitable?
Whereas back in the day I wouldbe really pissed off if I had a
bad week you know, a negativeweek or you know and I have a
much shorter time horizon.
Now I'm like, over time, am Iprofitable?
That's all I really care about.
Speaker 1 (20:47):
And I think I saw in
one of your videos that you only
take about 12 trades a month.
Speaker 2 (20:51):
About 12.
Yeah, yeah.
Speaker 1 (20:52):
Yeah.
What's your thinking behindthat so?
Speaker 2 (20:55):
when I first learned
to trade, you know, back in the
day I was actively seeking moreactivity.
So I wanted more trades becauseI thought that more trades
equals more money.
But actual fact, there's notime for money correlation in
trading whatsoever, because youcan, depending on how you build
your money management strategyand how you manage your risk.
You can earn the same amount ofmoney trading for 10 minutes a
(21:17):
day as you can eight hours a day.
It doesn't mean you're going toearn more money.
So as I grew my account andearned more and more money, I
reallocated and redistributed myportfolio so that most of the
money was in more passiveinvestments and my trading is
the minority of my portfolio,which I do to just kind of
(21:39):
accelerate growth, but not tothe degree where it's so
volatile.
You know it's not affecting myoverall net worth.
There's no volatility there.
So I'm just at a period in mylife now where I just want to
trade less.
I want to trade the highertimeframes.
I trade the daily timeframeTuesday, Wednesday, Thursday.
I trade the four hour to the 60at the lowest for a couple of
(22:00):
hours every morning and that'sit.
I just want to do less.
And everything I create, everyasset that I build, whether
that's a skill or I buy an assetor I build a business.
I want to do less, so I want tomake the most money with the
less time, exactly like I did onthe car wash Right.
So it's like how can I optimizethis for maximum time and
(22:20):
maximum money?
Uh, but I'm happy to, I'm happyto sacrifice a bit of money for
more time, because that'sreally all I'm doing any of it
for.
So, as my account grew, I'mfortunate now where I can take a
couple of trades, and it'll be,you know, 6,000, 12,000 pounds,
and I might get 15,000, 16,000pounds a month, or 20,000 pounds
(22:42):
a month just on my trading, forthree or four trades or 12
trades.
So I just don't need to tradethat much.
That's.
That's really the long answer.
Speaker 1 (22:52):
Well, yeah, and that
actually gets to more of just a
personal question I'm curiousabout because I think about it
for myself constantly which isjust you know what, to you, is
the exact life that you want tolive?
I mean, you obviously have themoney that you need so you can
live whatever the life is thatyou want to live.
So what is that life?
Speaker 2 (23:11):
Yeah, this life I'm
living now.
I always say like if I livedevery day for the rest of my
days, like today, I'd be very,very happy.
I don't have any goals, I don'thave any aspirations, I don't
have anything.
I just I believe that the goalis to have no goals, like the
goal is just to live a life thatyou're happy to wake up and
live and then, just as abyproduct of that, you achieve
(23:31):
certain things, you hit certainmilestones.
You will just naturally grow inlife, but it's not striving and
hustling for something.
I'm not at that stage anymore.
I don't need to do that anymore.
And I think it's reallyimportant to know when you are
content, because I spent a lotof time in Dubai, you know, in
2023, I went to Dubai.
(23:52):
I was on a yacht with a fewbillionaires and I was sitting
there and they were just, theywere just moaning and, you know,
bitching about all their staffin their businesses and we got,
we got to get to this next levelof growth.
And some guy was like 50million, that's what we've got
to get to.
And I was like, why 50 million?
And he was like, well, it'sjust like the next level, like
it's the next round number and Ithought you're going to have to
(24:15):
sacrifice so much to hit that.
And it just turns out that youjust want to hit it for like to
prove some X wrong or some oldboss wrong or something, and
it's like someone else's mentalthoughts are controlling your
life and that is slavery Likeyou are a slave to whatever that
goal is.
That is not truly what you want.
(24:36):
And I felt like the mostsuccessful person there.
I just felt like I was.
I was enjoying the scenery andenjoying the moment.
I was very present and, um,when is enough enough?
You know, a lot of peopleconstantly sacrifice today's
happiness for tomorrow's profitand tomorrow never seems to come
.
And, uh, you know, if you don'thave an ideal life in your mind
(24:58):
where you will be content, howare you gonna sit there on the
day that you achieve that andand be grateful for it?
You'll just keep hustling, keepgoing, hamster wheel, hamster
wheel and, before you know it,your life's gone.
Speaker 1 (25:14):
It's like you think,
oh, if I just had a million, and
then you get the million.
Oh, if I just had five million,you get the.
You know, it's like that's it.
When does it stop?
But I feel like America isextra hard with this because it
feels like if you're notclimbing, then I don't know
you're doing a disservice toyourself or something, or to
society.
There's some sort of culturalexpectation here that, like
(25:35):
you're always going to beclimbing financially and I don't
know it's a hard one to turnoff.
Speaker 2 (25:43):
I always think, like
when you were seven years old,
you know what was you doing?
Probably like having an icecream, playing with your friends
, playing football, playing onthe bike or skateboard or
whatever, and you had all thefreedom in the world.
Like you was doing things thatwere truly inspiring to you.
But then when your mum and dadcalled you in and like you gotta
(26:03):
come in for dinner now, yougotta go get showered for bed
and go to bed, it was like, oh,you know, when I'm an adult, no
one's going to tell me what todo, I'm gonna have all the
freedom in the world, right.
And then when you watch adultsbecome adults, they become less
and less free and they movefurther and further away from
who they were at seven.
And there was a time when I wasin the us and I went to florida
(26:24):
and we went, went to Disney andwe rocked up to the ticket uh,
the ticket thing and there wasthis old guy working there, you
know, loving his job.
He was about 70 years old andhe stamped our ticket and he
said go and be a kid again.
And and I remember thinkingthat is all anyone wants.
Everyone just wants to have thefreedom that they had as a kid,
at that innocence, that thatblank canvas.
(26:48):
You know the, the, the free fromthe mental freedom to do what
you want when you want, and andto me, that is the state that
you want to get to.
That's the state that you wantto get to, and know when you're
there, and don't chase thingsthat are important to everyone
else and don't look up to peopleon Instagram and don't look.
You know, have a set of goalsthat are truly yours and and be
(27:11):
congruent to who you are andbuild a life that suits your
values.
And don't try and please andappease everyone else because we
just don't have time.
We've got 8090 years total.
So, yeah, that's how.
That's how I look at it.
Speaker 1 (27:23):
Yeah, I feel like
this is more than just finances
though I mean money is a pieceof it because it affords you the
time to be able to explore moreof that inner deep work.
But I see the title of yourbook Always Free like to always
be free in your day to day life.
I mean that changes right.
Like if you were to ask metoday how I feel and then ask me
(27:44):
again in three months and thensix months.
Like I might feel free todaybut then in three months time
I'm being influenced by theseexternal sort of validations
that like I don't want to careabout but I am caring about in
that moment absolutely,absolutely so to me.
Speaker 2 (28:04):
Always free, you're
very right, you know, financial
freedom is just is one piece ofthe puzzle.
But always free to me is aboutbeing free in mind, movement and
money.
So being able to have thatmental freedom is the most
important.
That's, that's knowing who youare, not carrying any kind of
memory baggage from the pastthat's going to hinder you or
stop you from seeing opportunityor going after what you truly
(28:27):
want in life.
Knowing who you are, knowingyour purpose in life and just
being content with who you are,without having to live in
someone else's expectation orsome social idealisms.
Mental freedom is the key.
If you're not mentally free,you'll never be free, you'll
never have any feeling offreedom, and I'll give you, I'll
(28:48):
just prove that point.
I know people that were borninto wealth.
You know they've.
They've born, they got all themoney to do whatever they want,
wherever they want.
So they've got the financialfreedom and they've got the
mobility freedom, but they haveno idea who they are and that is
depressing to them.
You know they live a life ofdepression and they seek drugs
and escapisms to really perkthem up because they have no
(29:12):
purpose, no drive, they feelempty.
So the mental freedoms the mostimportant in my opinion.
And then, once you know who youare and you're not kind of
swayed by anyone, you can thenbuild a vocation, build an
income as an extension of yourvalues, right?
So doing what you want to dowherever you want to do it, and
(29:33):
monetizing that so it doesn'tfeel like a job.
And the beauty of the world welive in today is you can
monetize anything.
I don't think anyone can argueagainst that anymore.
When COVID hit, you know, a lotof people were locked inside
their houses, but there's areport that says people felt
freer.
And they felt freer becausethey were mobile.
Basically, a switch had goneoff in their head that proved to
(29:54):
them that they could do theirjob from home or they could do
their job from anywhere, becauseif you can do it from home, you
can do it from anywhere.
And people felt freer becausethey could structure their day
how they want.
No one was looking over theirneck.
They could prioritize thethings that were important to
them.
They were being paid passiveincome through means of a
furlough check or a bounce backloan or a, you know, stimulus
(30:16):
check or whatever it was, andthey felt like they were more
free and then, when they wereasked whether they would like to
go back to the office or workfrom home continued after COVID,
but accept a lower pay packet56% of people said they would
accept a lower pay packet.
So that says to me that themajority marginally the majority
of people would be happy toaccept less money for more
(30:38):
freedom, and that kind of justproves the importance of
mobility freedom.
So mental freedom, mobilityfreedom are the two important
ones, and then financial freedomis achieved just from assets.
You buy or build assets andthey pay you regardless of time
and space.
Speaker 1 (30:52):
How would you
describe then like who are you
Like?
What is your purpose?
What do you do every day?
Speaker 2 (30:58):
So that's a great
question.
I love to spend time with myfamily.
I love to read and educatemyself.
I love to share.
I love to educate people.
I love to read and educatemyself.
I love to share.
I love to educate people.
I love to play music.
I'm a musician.
I love to go to the gym and behealthy.
I love to spend time with mywife and do walking, and we go
to the mountains and and that'sreally it.
(31:19):
You know that that's it, butI've built my life now so that I
do that every day.
You know, I essentially read,educate myself, I share that
stuff online or on YouTube orwherever, or through my book,
and then I spend the rest of mylife just with my family doing
the things you know, like myhobbies or music.
(31:39):
The question is you know, how doyou figure out who you are?
And A great exercise you can dois actually if you just go into
your phone and look at yourcamera, roll and scroll through
the years of things that youchose to take photos of, and
there'll be a common theme.
Okay, so imagine when you takea photo.
(32:02):
That is your inspiration,that's your choice, you have
pulled the camera out becauseyou've been excited to take a
photo of something.
So when you think about thatactual act, that is your true
inspiration there, right there.
And when you scroll through allthe years, you'll see that
there'll be a common theme.
It'll either be like animals,or the mountains, or your
children, or whatever music,right, fitness and there'll be a
(32:27):
common theme there.
And when you combine that withquestions like you know, if I
was to ring your friend and askthem what are you the go-to
person for?
You know what would they ringyou for?
Because you're most reliable inthis particular thing.
They would come up with ananswer, and you probably know
what that answer is.
What do you spend most of yourdisposable income on?
(32:47):
What would you do on Mondaymorning if you didn't need money
?
What would be the first thingyou did on Monday morning?
And when you combine all of theanswers to these things and the
mobile phone going through yourcamera roll, you'll see a
pattern, and that pattern willbe closely correlated to who you
truly are as a person, as aseven-year-old, right as that
kid that just has got nofinancial worries.
(33:08):
It's something that you justare naturally inspired to do.
Just has got no financialworries.
It's something that you justare naturally inspired to do,
and whether you've excelled atit or had massive achievement in
it, it's because you're thego-to person for that, because
you've achieved it.
And when you achieve somethinglike that, it's usually because
you've had the drive anddetermination to achieve it, to
talk about it to that degree.
So for my wife it's animals.
(33:28):
There's no doubt in anyone'smind that she is the go-to
person for animals.
You know she'll take a worm outof the road to put it in the
hedge to save it getting runover.
You know there's no doubt thatshe is like meant to be on this
earth to do something withanimals and to cut through
animals.
So great exercise.
You know, if you really want toget in touch with who you are,
just ask yourself thosequestions and go for your camera
(33:51):
, roll and you'll see.
You'll see, and then you canmonetize that.
You can monetize anything.
Speaker 1 (33:55):
That is so it's so
interesting and it's a lot of
the work that I feel like peopleour age I think you and I are
literally the same age, right,so I wonder if there's a part of
that.
That is also this sort ofchapter of our lives where, you
know, the 20s was a bit of thehustle and the grind and the 30s
was a little bit more of thedigging the roots in, and then
(34:15):
the 40s is maybe more of thereflection on, like who you are
on the inside.
Speaker 2 (34:20):
Definitely,
definitely, definitely gratitude
in my 40s.
Speaker 1 (34:24):
Yeah, so we know that
financial independence is
really a part of the puzzle.
What is your view on financialindependence for the everyday
person?
Speaker 2 (34:37):
I mean, the approach
is pretty simple.
It's like if you want to loseweight, you just burn more
calories than you consume and,with financial independence, you
basically spend less than youearn and then you invest the
surplus into assets and you willbecome financially independent
just doing that right.
So it's a very simple concept.
Like we explained with withtrading.
(34:58):
It's very simple.
The reason a lot of people don'tdo it is because they want to
get rich quick, and the reasonthey want to get rich quick most
people is because they arechasing escapism.
They're not happy and contentdoing what they're doing right
now, and that's where you'vegone wrong.
It's like you took advice andstrategies from people that
weren't truly aligned to who youare as a person, and now you
(35:20):
thought you'd end up here.
But you're here and you're noton that path anymore.
So every decision you've madein your life, for whatever
reason, you saw more benefitsthan drawbacks to ending up
where you are right now.
Your job is to get back towhere you should be, and the way
you do that is to figure outwho you really are and start to
unpack what we've just spokenabout.
(35:40):
You know how to do that.
Speaker 1 (35:49):
So financial freedom
is spend less than you earn,
invest the rest into um andyou'll get there.
So if you were I mean thismight be a little bit hard for
you to imagine or envision, butlet's just say that you're back
to square one and you're livingcheck to check today what would
you do?
Speaker 2 (36:02):
Um, that's a great
question.
So you know, we're the onlypeople that believe in money
humans.
So there's only one way to getmoney and that is to get another
human being to give it to you.
That's it.
That's the only way we getmoney.
And there's two ways to getmoney from another human being
(36:23):
apart from robbing them.
There's two ways you eitherserve them and you provide value
to them and they give you themoney as fair exchange, or you
beat them at a skill, like in acompetitive environment, like
trading, like boxing, golf,poker, right, where you've
agreed to participate andthere's going to be a winner and
(36:43):
a loser, and they give you themoney.
It's much easier to do theservice thing.
You know, it's really a loteasier to serve someone, see a
problem, see something thatsomeone's struggling with, and
figure out a package, a solutionto help them get from A to B,
and then go and serve them withit.
And with the platforms we'vegot today, it is phenomenal.
(37:04):
You've got your own TV channel,your own radio station, your
own like newspaper and you cango and build an audience and
serve that audience globallywith very little friction, for
very little money, and it's justa phenomenal time to be alive
in terms of how you can servepeople.
So that's what I would do.
I would go and figure out whatI've achieved, what I've
(37:27):
overcome I've played a guitar, Ican swim, I can drive, I've got
a successful marriage, you knowall of my achievements and
accolades and then I wouldfigure out what I would be
inspired to actually help otherpeople with.
And that won't be driving,because I hate driving.
I probably won't have thepatience to teach people guitar.
You know, I I like business, soI could teach people business,
(37:50):
I could teach people how to getin shape, and then I would just
go and find people that have gotthose problems and I would and
I would work on serving them.
And then, when I get paid, Iwould put 10% into investments
every single time and then Iwould increase that by 10% every
three months and I would thatwould be the driver to go and
serve more and more people.
Speaker 1 (38:08):
I think people just
have to choose to do that with
their time beyond work, becausea lot of people say they don't
want to do that hustle lifestyle.
Speaker 2 (38:16):
I tell you what if
you struggle with starting
something on the side, do a timestudy.
Do a 168-hour time study acrossthe week.
Half of that you'll be asleep,but every hour just set an alarm
on your phone, write down whatyou was doing for that last hour
and after that week you willhave a slap in the face bit of
data that tells you how youspent your time.
(38:36):
A week, right, and now you canprobably three hours scrolling
TikTok or something that willshow up on there and then you
will start to prioritize.
Okay, you know I need todelegate that, I need to get rid
of that, I need to stop doingthat, and that's and you'll find
these blocks of time that youcan start working on something
that you're actually inspired byand you'll start to get
(38:57):
energized by it.
You know you'll start to comealive when you're building
something that's reallyimportant to you.
Speaker 1 (39:02):
Yep, the truth hurts
for anybody that's listening in.
You know, I think we all wastea little bit too much time on
our phones, yeah, so can yougive us a little bit of a peek
into your multiple incomestreams now?
So there's obviously you trade,you've got your business, which
I think is like an educationsystem, right.
Speaker 2 (39:20):
Yeah, so we've got.
You know, over the years Istarted off doing everything for
free and over the years therewas a kind of demand to serve
many people that I didn't wantto serve, one to one or so I had
to create products and servicesto help them.
And and the reason I went intothat in the first place is
because there was a period oftime where I was just at home
trading, and it was.
(39:41):
There was about an 18 monthperiod where I was just on my
own at home.
Everyone was, you know, my kidswere at school, wife was out
with family or whatever, friendswere all at work and I just
felt like I didn't have anymeaning.
You know, I felt like I waslacking fulfillment.
So I started sharing what I'dlearned and I found that really
fulfilling.
And we built these educationalprograms.
(40:03):
There's finance programs,there's investing programs and
trading programs and my youtubechannel.
You know there's a massive freeresource there.
We've got about half a millionsubscribers on there and it's
just phenomenal, right.
So YouTube is an income stream.
The educational programs is anincome stream.
Then we've got, like all of myindex funds, my stock portfolio.
(40:26):
I'm an angel investor, so Iinvest in tech startups, which
I've got three or four of rightnow Royalties, partnerships,
consultancy, you name it.
So it's diverse, it'ssustainable and, yes, the magic
is when you do become in aposition where you are free to
(40:46):
do what you want and the energythat goes into anything that you
create is I don't need money.
It's almost impossible to notearn more money.
It really is.
I'll give an example.
There was a video that I putout on YouTube.
It was two and a half hourslong and the energy that went
into that video was how can Icreate something where no one
will have any questions?
(41:07):
You know, no one will ever needme, ever again.
And that was the question thatI asked myself when I created
this video.
We put the video out two and ahalf hours long.
At the end of it, I saysomething like look, you don't
need me anymore.
I get that.
It's all about implementationand you still might want your
hand holding.
We've got this like 300 poundthing.
It's a 30-day challenge.
If you need that, you can beput in a group and it's really
(41:29):
really cheap.
And within three months, 1.6million people would watch that
video and 0.04% of the peoplebought that 30 day challenge,
which was 5,550 people, whichwas about 1.6 million dollars,
and I was like what the hell ishappening?
(41:50):
You know, I've just the moreyou give away, the more money
you earn.
It's it's absolutely crazy, andno doubt you know that's what
happened with the book.
I'm now going to get someone tospend six hours with me on a
beach reading this book, or sixhours in bed reading this book,
right, and they will start tobuild a level of trust with me
(42:11):
that they think only I can helpthem.
You know they won't look atanyone else and you become the
only person they want to workwith, and that is it's a
phenomenon, but that's how itworks, and the more you give out
, the more you receive, for sure.
Speaker 1 (42:25):
Well, that's
definitely something that I
really admire about the workthat I see you putting out there
is, it feels, very authentic.
Speaker 2 (42:31):
Thank you.
Speaker 1 (42:32):
It feels like you're
doing it for the people who are
watching or listening, and thatintention is very clear.
Speaker 2 (42:38):
Thank you.
That means a lot for you to saythat.
Speaker 1 (42:40):
Well, it's true, it's
, it's in.
This is all you I mean.
Sure, I'm complimenting whatyou're doing, but it's you're
the one that's doing it.
So, behind the scenes though,as a YouTuber like, what does it
take to maintain your channeland to create your YouTube
videos?
Speaker 2 (42:55):
Well, we've built a
very, very efficient workflow
over the years and we've nowbuilt this studio.
So this studio that you'reseeing right now, which we've
got a whole studio here now,where we have a workflow that
requires very little editing.
We've got a system where we canjust create videos, put them
(43:16):
out same day, no editing, and uh, yeah, we've spent years
refining that.
But now again it's like the carwash right.
It's like how can we do thiswithout it taking any time?
And that's all we focused on.
It's like, when you value yourtime more than money, you end up
with plenty of both.
We, we come up with ideas forvideos and we do that on a
weekly basis, and then we'llbullet point some ideas around
(43:37):
that and then it's just go time.
Yeah, I like to do stuff offthe cuff.
It's very much like press playlet's go, record done, upload,
job done, and it doesn't takemuch time at all, believe it or
not.
Speaker 1 (43:51):
That is amazing.
I just have a couple morequestions for you, and the first
one is just favorite books.
Speaker 2 (43:57):
One of the best books
I've ever read is a book called
the Values Factor by Dr JohnDemartini, and that is very much
around knowing yourself,knowing who you are, living a
life by your standards, yourvalues, and Dr John Demartini
actually wrote the foreword formy book.
He's a phenomenal mentor ofmine and I love him dearly, so I
(44:18):
definitely recommend that book.
And then, well, there's so manyother great books I love
Principles by Ray Dalio.
I think Life Principles thereby Ray Dalio is something that
that's one of those books thatyou don't really read, you just
revise, and you know I couldspend a month just reflecting on
(44:39):
principle one you know andreally understanding that at a
deep level I think will enableyou to have a great life.
Speaker 1 (44:48):
That's great.
I'm definitely going to beordering those as soon as we get
off of here.
A great life that's great.
I'm definitely going to beordering those as soon as we get
off of here.
And then, just as a lastquestion, if you could go back
and talk with your younger self,what life wisdom would you give
yourself?
Speaker 2 (44:59):
Stay seven years old,
every day, until you die.
Speaker 1 (45:08):
That's awesome, jason
, thanks so much for coming on
and chatting.
It's been so good to get toknow you and to hear a little
bit more behind, just like whoyou are and why you do what you
do.
Thank you so much.
Speaker 2 (45:13):
It's been so good to
get to know you and to hear a
little bit more behind, justlike who you are and why you do
what you do.
Thank you so much.
It's been such a greatconversation.
Speaker 1 (45:19):
Today's key takeaways
.
Before we chase the next bigthing, it's worth pausing to ask
who am I really?
Figure out who you really are.
Look at the themes in yourphotos, what friends seek your
advice on, how you spend extramoney and what you'd do if you
didn't have to work.
That's probably a truerreflection of you than any job
(45:43):
title.
Often the things we felt weremissing before we turned seven
shape our deepest values today.
Reconnect with the version ofyou that was inspired, limitless
and certain you could doanything.
Ask yourself what can yououtsource, delegate, systemize
(46:03):
or automate so that you canspend more time doing the things
you'd happily do, even ifnobody paid?
You?
Try tracking your time for oneweek, hour by hour, and you'll
likely find both waste andopportunity hiding in plain
sight.
Financial freedom starts with asimple principle Spend less than
(46:24):
you earn and invest the rest.
There's a whole world ofbeginner-friendly options like
index funds, etfs and REITs, andmore advanced paths like
options or Forex trading, ifyou're ready to put in the
learning time.
Whatever you choose, theimportant key to successful
trading is having a plan andbeing consistent and disciplined
(46:45):
.
How you approach investingeither puts you into a gambling
category or a professional one.
If your current role caps yourgrowth or income, recognize it
and explore other opportunities.
Keep learning, keep buildingskills and look for ways to
replace your active income withreturns from your investments
(47:08):
over time.
But know when enough is enough.
Don't sacrifice every today fora tomorrow that never comes.
True freedom means havingclarity of mind, movement and
money, being content with whoyou are and free from other
people's expectations of whatsuccess should look like.
(47:31):
Value your time more than money, and you may end up with plenty
of both.
Keep learning and keep servingmeaning.
Hone your skills so that youcan excel in your craft and help
others along the way.
Notice the problems around you,create solutions and offer them
(47:53):
generously.
The more value you share, themore comes back to you, and
often in unexpected ways andthrough it all.
Remember that financial freedomisn't about getting rich quick.
It's about knowing yourselfmaking smart choices with your
time and resources.
It's about knowing yourselfmaking smart choices with your
time and resources and buildinga life you're happy to wake up
(48:14):
and live.
That's it for today.
I release episodes once a week,so come back and check it out.
Have a great day.
That's really good.