30 Old 30 Young
30 Old 30 Young explores the fascinating contrasts of life in your thirties through the eyes of two cousins living vastly different paths. Join us as we navigate the uncertainties of adult life, from career choices to lifestyle decisions, through both a globetrotting adventurer's and a family-focused perspective.
Our main episodes dive deep into real-life challenges facing thirty-somethings today, while our mini-episodes break down the three best and worst aspects of pivotal adult life scenarios.
Whether you're questioning your life choices, seeking perspective, or just wanting to hear honest conversations about adulting, this podcast offers authentic insights into the beautiful chaos of your third decade. New episodes released weekly, featuring raw discussions about career transitions, relationships, mental health, and the endless quest for work-life balance. Your thirties don't come with a manual - but this podcast comes pretty close.
30 Old 30 Young
Teaching Celebrities how to Budget
It’s the finale of our financial month!
In this episode, we dive into why even the rich and famous lose it all.. and what we can learn from their mistakes.
Whether you’re trying to get out of debt, build savings, or just take better control of your money, we’re sharing one simple, game-changing tip you won’t want to miss.
Plus, we reveal our Listener of the Month for May and share a sneak peek at what’s coming next!
Thanks for Listening, find more content at our Instagram @30old30young
Hello and welcome to 30 Old, 30 Young. Yes, it is the podcast where I am still a bit sweaty from the gym.
Speaker 2:I'm not I've had a shower. I forgot my towel. Have you had a?
Speaker 1:shower. I forgot my towel. Yeah, oh so sorry.
Speaker 2:So if I need, to come back to David Lloyd's, you would have got one when you went in.
Speaker 1:Oh, yeah, okay, when they're available, the amount of times sorry guys, no towels this time. And then you cry, cry, cry cry but um I am, I'm in a good, good mood today actually thank god for that, contrary to usual, because I've just realized you know how we're doing this podcast about the uniqueness of people and how everyone's different. Yeah, if it's sunny, though, everyone's in a better mood. No, we're all just plants that's it. What do you mean?
Speaker 2:you have been happy. Now it's sunny. I know someone who does not like the sunshine are they sweaty? They're sweaty person they just don't like the sun. They prefer like what do you mean like rain? What do you mean? Like fog, do they?
Speaker 1:though yeah, she does is it one of those like I just want to be in bed, snuggled up here in the pitter-patter of the rain?
Speaker 2:yeah, she looks at book, happy, thriving, I'm like it's a bit ASMR, isn't it?
Speaker 1:There's not much ASMR with sun.
Speaker 2:Just radiation.
Speaker 1:But okay, besides your mate, we're all just plants.
Speaker 2:I absolutely love it.
Speaker 1:When you wake up in the morning, the sun's shining you just know it's going to be a good day, even if it's not. It's just the by Temper Trap. You'll know the song if you heard it. It's so summery, sing it. No, it's not one of them sweet, that one yeah, oh yeah. I'll do that tomorrow, in a week, oh yeah, go for my breakfast with my shredders put that on a little drive window down. Oh, I'd love it. It's just like the best feeling ever.
Speaker 2:I thought driving back from the gym tonight. Obviously you've got the sunset, I'm walking out. It's nice and warm it's still light. If it was like that constantly, I'd love living here.
Speaker 1:We're such simple creatures, aren't we? That's it, yeah, but here we are in england yeah, but it's nice, it's nice but it's like we pray for these days because there's so many that are not yeah, but you know it's like all the time this country would be incredible it'd'd be thriving.
Speaker 2:Wow, that's.
Speaker 1:All problems solved?
Speaker 2:Well, I'll talk about this later because obviously it's our last finance episode. Okay, yeah.
Speaker 1:The last finance episode and we're coming off the back of how we wasted our money last week and this is how other people have wasted their money, how people have pissed it all up the wall, and do you have any sympathy for them? Like being mega rich and then squandering it all, or are you just like, well, you get what you get, so let's find out. Let's find out. So who comes to mind with you when you think of someone that had it all and absolutely shat the bed? Do you have anyone? Do you hear about these stories, or is it just one of those things that I remember all the time and it's always in my head?
Speaker 2:uh, I probably should have done a bit of research, shouldn't I? Before the episode.
Speaker 1:I like to hit you with random facts. You know that.
Speaker 2:No, to be honest, I don't think there is. I just know people who have made a success. But then I do know that people can lose it and I truly believe that. Honestly, having that conversation today with somebody, how you can one minute be at the top and then the next minute be at the bottom, yeah, you can lose it all and it can happen overnight. And it was actually the diary of a ceo, stephen bartlett. He mentioned on a post recently. He said because he came from nothing, he's so fierce going back to that place that he just doesn't know when to stop. He carries on and on and on well, I said.
Speaker 1:But then he could do the whole self-fulfilling prophecy, burn himself out and then lose it all on some terrible scissors because he's, you know, working too hard and not focusing on the main thing.
Speaker 2:But he also said that as well.
Speaker 1:Well, look at him am I steven bartlett, who knows um. But I mean there's different reasons. Like you've got his reason, which you know is um. It's quite a sincere reason starting from nothing.
Speaker 2:You you know, that's it.
Speaker 1:you got that, that that grind and stuff to keep going because you're running away from what you didn't have and where you're coming from. You're just trying to get as far away from possible. So if you do have setbacks, your setback is still miles ahead of where you are. But then there's also funny, stupid reasons. People absolutely shit the bed with their finances, go on, and I wanted to keep somewhat light because I didn't want to be like well, these people, they were investing and then it was a Ponzi scheme and then they lost all their money because a load of celebrities.
Speaker 2:Are that boring? You know, I'm going to probably have a bit of something in a bit later on. What Going to have something in a bit later on? Yeah, like I'll make it a bit serious because there is something I do, somebody did ask well, no, I just think it's important, so we'll touch on that at the end oh right, okay.
Speaker 1:Well, I was more going to talk about the fact that Nicolas Cage, you know Nicolas Cage, you know Nicolas Cage is he the Prime Minister in like politics? No, no, no, no idea. Okay, I gotta shake Nicolas Cage. Everyone don't know why I'm doing that for you guys. You guys, you'll be surprised. There might be some people out there. Let me pick a film that I know you will have seen.
Speaker 2:I got to shake Nicolas Cage everyone Don't know why I'm doing that for you guys. You guys Go on. You'll be surprised. There might be some people out there.
Speaker 1:Let me pick a film that I know you will have seen, that is, nicolas Cage. No, I know, I do know him now no but like I'm trying to think of what you would know him from, oh yeah, the. Family man.
Speaker 2:No, jones, no, sarah's on board okay. So what he?
Speaker 1:was rich and then he wasn't. He just like spends his money on everything, yeah, but what does? What do you reckon, like if you were addicted to buying something? What do you reckon he was addicted to buying? And kept just buying them, even though he's a financial advisor, like, please stop. He just kept going. Oh, ugh, coats, no, think bigger Yachts, think even bigger. Oh, yeah. Houses. Think type of house A house from years ago, an old house that maybe a king would live in?
Speaker 2:A king castle.
Speaker 1:A castle, there we go. He kept buying fucking castles. He kept going around Europe and being like a fucking castle and kept buying castles. He owns like 14 castles.
Speaker 2:I mean it's cool to have one or two. Don't get me wrong, I would do that oh, I love a castle.
Speaker 1:I wouldn't same. Do you want to go down? Can you imagine?
Speaker 2:if I went to you. Do you want to pop to the? I'm in awe, I'm like oh yeah back in the day there was people walking around those living there and fighting and when you got all like the steps that have been crazy. Yeah, oh my god, oh my parents came back from.
Speaker 1:They went to like an old oldie house yeah, it wasn't a castle, it was just like one of those old houses and trying to think where it some tiny town and that's all they're known for is the big house right, and they were complaining about the fact that the steps were uneven. I was like, how old are you guys?
Speaker 2:can't you see like?
Speaker 1:the how poetic it is that those steps have been trodden over years and years and years you know, and they were like no health and safety risks.
Speaker 2:You're fucking mad was that Auntie Tessie? It was Desi, it was my dad. Actually I was like it's not a bit of you to moan about.
Speaker 1:I thought you'd like the history of it. Yeah, you fucking curmudgeon. So yeah, absolutely moaning about it. But I was like that is beautiful. Just think of all the people Like when you go to Warwick Castle and you go and win the turrets, love it Anyway, sorry, yeah. So that's what he said. He's also spent a quarter of a million on. If you guess, this swords no think older oh, crikey, think really old, think the oldest thing you can think of that you could buy today, millions of years old transcripts no, they're not that old millions, we haven't been writing that long.
Speaker 1:Millions, what's millions? He used to roam the earth millions of years. Dinosaurs, yeah he likes dinosaurs he bought a T-Rex skull for a quarter of a mil oh my god, this guy's got too much money can you imagine he put a bit of glass on the top of a coffee table.
Speaker 2:T-rex skull and listen to it you know, sometimes do you ever look in a room and just think I'd love to see people's bank balances above the head, just to like, no, or is that just me? I?
Speaker 1:feel like it's like a black mirror episode and yeah, I think it probably is.
Speaker 1:I just, you know, sometimes, like when I'm driving, I'm like I wonder what people have actually, what their lives like and stuff I'd love to like, know like how full of shit like, because it would be full transparency, right, if you've got someone pulling up in like a thingy there. The dog's bollock just singular in like a really nice car and they think they're the big I am, but above their head it says minus 72,000. It hasn't got the sheen to it anymore.
Speaker 2:You know they're full of shit. It's like once when I bought my car and someone says you're not going to put a private reg on it so you can't tell the age of the car. I was like I'm proud of this car.
Speaker 1:Sometimes it's about proving things other, where I literally I drive in that car with so much pride oh yeah pride, it's my own I mean talk about a waste of money though private reg I think they're a bit chav, unless you could get like a really nice one.
Speaker 2:It's got number eight on or something.
Speaker 1:That's it but it's a waste of money, isn't it?
Speaker 2:it's a bit of waste of money because you're looking at least a couple of mil, aren't you? Yeah, because 15 mil, yeah, well no, you have people in dubai with just a one yeah, some of the lucky numbers, that would be cool, but I wouldn't want to pay the price tag yeah, but could you, could you imagine driving past someone who's maybe like begging for money and you've got a two million pound reg saying like sorry, pal, go work harder.
Speaker 2:But it's like designer stuff as well. It's the biggest way to just piss money up the wall. Oh, absolutely, because what? It just makes no difference I want. Okay, I've turned. How old was I? I don't know how old I was, but I thought right, this, this, this year, I want to buy myself a gift. It was a burberry scarf. I wanted to go to harrods and buy it. Don't get me wrong. I love the feeling, but one of my favorite scarves is a tenor from asos well, you were doing that.
Speaker 1:You wanted the whole like pomp and ceremony. You wanted to walk into burberry and have kind of like the that was it.
Speaker 2:Yeah, I don't. I'm not even bothered about the experience around it. Well, that used to be the whole thing about it.
Speaker 1:Like with Selfridge and things like that, you used to have the experience around buying something, but now it really is like you're just online shopping going 700 quid Berbera coat, yeah, fine done. It's like there's no sales person-ship with it. There's no like fanfare it just arrives and your bank balance goes down.
Speaker 2:I just think I was just because I've literally come from nothing. I didn't have anything. I was so poor just even couldn't even afford clothes and literally I'm being honest. So to be able to do that and go to Harris for me, I was like right, and I just take that off and then that's it. I don't need to keep doing that. I just did it the once and it felt really nice to treat myself. But, like I said, now it's just, you know, and I could just put a tenner.
Speaker 1:Ten pound.
Speaker 2:ASOS scarf I love.
Speaker 1:Well, because I think about all the stuff like you can buy where it's just like it's designer and everyone's like everyone knows it's designer because it's got the design written on it Like Supreme.
Speaker 2:I know it's a bit of a, it's not for us anyway. Like Supreme, yeah, like we would look so fucking stupid. Why is it for anyone?
Speaker 1:but it's so much money it looks dumb, but I guess it's not my bag, but it's also so expensive it's so expensive, but like people go it's expensive, but also everyone knows I'm wearing Supreme because it's on it 77 times.
Speaker 1:You know I prefer like a little bit of quiet, luxury, like something that's really good quality and it's going to last you a long time and you're like, because there's some stuff that I bought where I've spent the money and I've gone oh, that was a bit punchy, and I've still got it now and I've had it for like a decade, which is mad.
Speaker 2:Now I remember a decade is like 10 years. It's not mad. I've still got clothes, no, no.
Speaker 1:But I remember when my mum would be like I've got this jacket. It's older than you and I'd be be like that. I want to be like you know, like with watches and stuff I I want like brie's got a watch and she wants to then pass that down to brin and stuff like that and make it so it's a little bit more.
Speaker 2:I love that it's got some sentimental rather than having.
Speaker 1:I mean, I do have a lot of clothes anyway, but but I still, even though I have loads of clothes, I still stick to like the same core items I've been wearing for years yeah, same so all this extra stuff I'm buying, I'm like, why have I even bought this?
Speaker 1:my room of thought on this that's not a phrase, I don't know, it's a room of thought but my thing about what I spend the most money on, yeah, is always what is always about putting yourself, but putting something between yourself and the floor, yeah, that's where I spend my money. Good shoes, yeah. Good chairs, good bed yeah, because the floor's a fucker. So you wanna so spend that money on good shoes, comfortable shoes.
Speaker 2:Yeah, like running trainers, running trainers I can feel my knees going. It's because of my running trainers. Yeah, get some.
Speaker 1:Pegasus 86 from Nike. Solid cost you 80 quid. Do a job right or some Hokus.
Speaker 2:Yeah, but people have different running styles.
Speaker 1:Go get your gait analysed, I know, that's what I'm going to go do Get your gait analysed. Come on, I spent my money on that Bed.
Speaker 2:Go get yourself a Tempur-Pedic, although don't get me wrong, I do like a designer sunglasses. But you need some cheaper.
Speaker 1:But then I kind of just go for I like the shape of that designer sunglasses, the shape with those designer sunglasses, and just go and search similar or get on Vinted.
Speaker 2:See, I think the odd Get on.
Speaker 1:Vinted. Come on now.
Speaker 2:The odd little treat For me. This is just me personally, because everyone's different. But for me personally, I like my little touches, so I'll get something expensive, but then the rest of it won't be as expensive.
Speaker 1:Oh, you mean, like you get your core item, like you get something like if you get a really nice coat, you can kind of wear whatever you want with that coat and it's, the coat is like the piece absolutely.
Speaker 2:I just don't like wasting my money. I couldn't spend.
Speaker 1:I can imagine spending money on a coat, but I couldn't spend stupid money on a t-shirt oh god.
Speaker 2:No, because it's a base layer right?
Speaker 1:absolutely not, you know unless, unless I'm having it tailored for me, and you know my massive biceps. That's it. That's the only reason I would do it okay it's like once this was so funny.
Speaker 2:I um I got some fake gucci trainers yeah, I think I paid 60 pounds on them a bit too much, that's so gross. That was too much already. But anyway, the um, the friends I was with at the time were like oh my god, have you bought those? I was like yeah, yeah, yeah the real ones are a joke. I'm seeing them all and I and did they buy them?
Speaker 1:Did they go out and buy the real ones? Fuck that.
Speaker 2:I don't know if they were real, but Well, that's it.
Speaker 1:Keeping up with the Jones, isn't it?
Speaker 2:Get some fake stuff.
Speaker 1:Well, that is it, if, if you want it get fake. I mean, I don't know if we can get sued for pushing buying fake stuff.
Speaker 1:I mean, if it saves you some money, well, truly truly, because unless you're, unless the item you're selling whoever Burberry, blah, blah, blah, whatever is you know from proper factories where people are paid the correct amount with great, like, really nice materials and you know. That's the reason it's so expensive, because throughout the whole process of it being made it's been made fairly and it's been made where everybody who's taken a part in creating this garment has been paid properly for their craftsmanship and skill no absolutely.
Speaker 1:That's the thing I was gonna say a lot of these companies and I don't know and I don't want to besmirch like burberry or whatever, because I know burberry's made in sheffield. But yeah yeah, but well, there's a factory in Sheffield, I don't know, but like there are brands that are charging the extremes and they're the same price of manufacturer or even from the same factories as this shite from Shein and Timu right.
Speaker 2:Yeah.
Speaker 1:So I just want to know if I'm paying the premium. I hope everyone got paid premium. Yeah, I just want to know if I'm paying the premium, I hope everyone got paid premium. Yeah, Anyway, this isn't about how we waste money anyway.
Speaker 2:Anyway, twice, Well, no, but it relates though, doesn't it?
Speaker 1:Yeah, it does it does, but I want to get on to Because, okay, that was my silly one, nicolas Cage, being a little bit of a silly boy there, and he's now paying his taxes. But then there's also the sad ones, and it's the, the people that, the child actors. I feel, I feel bad for the, well, child actors and child stars in general, because there's something called, I think it's, cooper's Law right, yeah, I've heard of that yeah, where it's, because there was a, I think.
Speaker 1:I think I don't think it was Gary Cooper, I forgot. There was a kid who worked with Charlie Chaplin on the kid, the film, the Kid, and when he came of age and he was meant to get all his money from his films, there was nothing left His dad had pissed all up the wall, oh shit. Making bad financial decisions, etc. Etc.
Speaker 2:Yeah.
Speaker 1:So a law was passed, meaning that at least I think it's like 25% had to be saved back 25%. I know, I know it's mad.
Speaker 2:It is mad Because the, because the parents can, oh my god they can use a kiss to make the money for themselves, because that Jesse McCartney got done in.
Speaker 1:I think he's done now, but he got done in because he made before he was 18. He made 200 million dollars yeah and this sounds bad.
Speaker 1:All that he was left with when he got his money when he turned 18 was 2 million, which is great. However, yeah, his parents had spent the 200 million bad investment decisions and paid none of the tax. So he was left with the 2 million and a tax bill attached to his 198 million in spends. So he was fucked. So he entered his 18s just just curns, just absolutely done in, and then spiralled from there and had to file bankruptcy instantly, which is so rude.
Speaker 2:Can you imagine?
Speaker 1:If you're earning 200 million, who, in their right mind, would be like we could get more, though, because they were trying to invest it in stuff.
Speaker 2:Well, at least they tried to invest it.
Speaker 1:Yeah, but the problem is who you're listening to, Because you've got so many people who are like we've got these people who are new to money. We could completely just take them for a ride.
Speaker 2:There's so much evil in the world, isn't there?
Speaker 1:Yeah, there's so much evil.
Speaker 2:How can you do that to someone? Because people don't give a shit.
Speaker 1:Because people are like these people have got this money. I could have a mil of it if I wanted it.
Speaker 2:No, it's just disgusting. It makes me feel sick.
Speaker 1:Well, Billy Joel, same thing he hired his brother-in-law as his from him see, that's so bad, honestly I don't know how people sleep it's.
Speaker 2:It's the thing that I've been thinking about quite a lot at the minute, and I don't know if you're gonna shout at me like bringing this up, okay, but am I that bad?
Speaker 1:you know like I'm learning a lot about how much money each individual wastes in their life and I don't mean waste, but gets taken from you you know, like with taxes, okay, yeah or the tax you pay on everything my thing with the tax is that I would happily pay more if it was being spent properly that's what I mean, but we've got no control over this, is it?
Speaker 1:if you had some people who were a bit more in touch and a bit more like they could make sense of the world and they knew where money would need to go and stuff like that, and you didn't have people that were, you know, taking the piss and we were actually taxing the massive corporations and the billionaires yeah, but I still don't agree with that really taxing billionaires. Why not you've got? You've got jeff bezos paying less tax than you.
Speaker 2:Well, no, I don. I don't agree with that. That's fucking mad, I'm not saying yeah, but I don't mean like hammer them just because they're millionaires, because they're working hard and they've got the right style of life.
Speaker 1:Have them pay the pro rata, right? So, if you're earning a billion, billion, billion, billion, you should be. And if you're earning over, I think, charged 45%, right. Yeah, if you're in the billions, you should be charged 45%.
Speaker 2:Yeah.
Speaker 1:They're not. They're getting away with it.
Speaker 2:Yeah but that's wrong, that is totally wrong, absolutely.
Speaker 1:I'm just saying, if they're just hammering, oh, I'm not saying like a billionaire should be charged 99% tax.
Speaker 2:No, that's crazy. That's what I thought you were getting to.
Speaker 1:No, no, yeah Crazy idea.
Speaker 2:But it's like you know, I feel like it just stops you from trying to get anywhere in life.
Speaker 1:Well, tax does.
Speaker 2:Well yeah, and how heavily everything's taxed.
Speaker 1:Yeah, I think there are certain taxes that are rude. You save money from your salary.
Speaker 2:You then invest in something that investment does well, for you Say, you invest 100 quid and it turns to 1,000. Oh, you get taxed on that as well.
Speaker 1:Thank for you say you make, yeah, say you invest 100 quid, yeah, thank you. No, absolutely. So you've taken a risk. But you don't get like a little kickback if you fuck it up and the money disappears, there you go. Oh no, we'll have it when it's doing well. Cheers, see but that, that you know that. But then you have earned it in the country, but you've earned it from money you've earned and already been taxed on exactly.
Speaker 2:So yeah, even your pension.
Speaker 1:You then get taxed on that again which is mental, if you're lucky enough to get one. The government haven't already fucked it anyway?
Speaker 2:exactly. I just think it's so unfair and sometimes I think it's all about control. It's true because it's absolutely if you have, if you have financial freedom, what are you going to do? Some people stay in jobs they are not even happy in just because it's the only way just to get paid, and they spend their whole lives doing this job and they're not even happy in them.
Speaker 1:But I just don't agree with the fact that so much money does get taken from you, because I do think it's all about control, but I'm, but I'm still, I'm still at the camp that I would like I say I would pay more tax yeah, if I saw it actively doing something if I didn't hit a fucking pothole on to it on the way to work. Yeah.
Speaker 1:If I didn't, you know, have to queue for hours at A&E If I didn't have All of these different things that have been from cuts, cuts, cuts, cuts, because there's no money coming?
Speaker 2:in. Oh it pisses me off. Sorry, but this country is minted In Dubai. They don't pay tax and they are thriving.
Speaker 1:Yeah, because they've got the big oil reserves yeah but they just don't pay tax. But I feel, full well, even if we had the big oil reserves we'll still be saying they'd still be like oil prices have gone up. Soz guys. Bad luck. Oil turns out well expensive again we just need a bit of extra money it's like in America back in the day, and I'm, if someone's, a history buff, I'm probably gonna get this wrong, but FDR bought all the gold off. Everyone bought it for like, let's say, a dollar per nugget, I don't know.
Speaker 1:And then he bought it all, gathered it all in, went cheers, gold's now worth twenty dollars and then. So gold just went through the roof, and so the value of America went through the roof because they owned all the roof and so the value of. America went through the roof because they owned all the gold and then they could make the fucking price up, do whatever they want with it. It's like with all the oil, like Dubai with the oil they can do what they want.
Speaker 2:They can make up the price? Yeah, but they can still tax their citizens, they can still try and keep control, but they don't. How are they doing it?
Speaker 1:but they don't do that, like with infrastructure already in it, whereas we're trying to live in the infrastructure from fucking 1632. There's no excuse.
Speaker 1:No, no, no. What I'm saying is we're trying to like cram ourselves into an old building, right, we're trying to like work with what we've got. I was driving down roads today that should definitely have been, you know, three times wider, but obviously because we've got massive countryside protections we can't have. So I came like I was driving my big van. Yeah, I came across another big van and then we're just like well, one of us has got to reverse half a fucking mile back to the little lay-by. You know, infrastructure is not there for what we're trying to move and what we're trying to do in this country, because we're still living like we've got fucking horse and cart. That's the problem. Our cities still kind of like.
Speaker 2:It's just so much that needs to be sorted out, isn't there?
Speaker 1:If only they had a pot of money to work with, and that's the thing. If it was all being spent properly, if people were being charged the correct amount, we'd be in a much better state.
Speaker 2:We would be absolutely thriving as a country Instead we blame people coming over.
Speaker 1:That's where all the money's going is it?
Speaker 2:oh, that really annoys me as well now. I'm sorry, but if their country is war-torn and it's horrible, they we don't know we were born. Another rant.
Speaker 1:Sorry, this is like a rant it's all right, we've awoken something, but another thing is which I've learned very recently is mortgages yeah, so death tax, because that's what it means.
Speaker 1:You know that, uh, mortgage, no, I'm just saying I'm saying the word mortgage is more is from death. Death tax, because that's what it means. You know that, eh, mortgage, no, I'm just saying no. No, I'm saying the word mortgage is from death, latin for death. So it is your death tax. You will pay it till you die. But this is the thing. Just a little fun fact for you.
Speaker 2:But the amount that we are paying on interest. You don't actually pay much of your mortgage back. People are spending, say, whatever each month, paying the mortgage off, just a normal installment. They're not actually paying much off at all. And you get bigger houses which are more debt, which are paying more interest to the flipping, whoever the banks, all that money. It's like this oh it's all going.
Speaker 1:It's all because they send you a little chart of like look here it is. Here's the money going down over the next 30 years. It's like fuck, that's a long time. It seems like a lot of money that I'm oh, and don't worry, we've given you 200 grand and all you've got to pose back is about 350. Just don't worry about it, don't. Don't think about the end number, don't worry about it.
Speaker 2:That's it, yeah but it's a debt and it's we are wasting thousands. So the bigger the house, the more you're just pissing up the wall on interest that's it, that is it and this is just a lesson I've learned recently, because before I didn't really look at it, it's only when I said to my bank I was like, look, how much have I actually paid off of this house, oh, don't do that.
Speaker 1:And exactly, and when they said nothing.
Speaker 2:I said this much money and that's all I've paid off. Are you joking? It's quite a sad thing. So if you've got any spare cash, pay off as much of your mortgage as you can each month, even if it's just a slight little bit.
Speaker 1:Just I've done that yeah and I want to do some stuff up with the house. Yeah right, and since I've had this mortgage, I've become self-employed, so I tried to get some of the money out that I've already paid in yeah, you know, you know to do the house up and they went they went fuck off man. They went that money. You gave your money the extra.
Speaker 2:Fuck off, you are joking.
Speaker 1:You're self-employed, you piece of shit, get away. They shooed me out. They were like, oh, like, oh yeah, no, it seems good, employed, self-employed, self-employed. That's what Nationwide did. They were like get out of the way.
Speaker 2:Oh cry again.
Speaker 1:Don't trust you. That's the only thing, isn't it? It's not like a savings account where you can't just tap into it when you want to. Well, you shouldn't be doing that with a savings account.
Speaker 2:Yeah, but you can have different savings accounts, which I'll talk about right, I want justin bieber right I love this. You've gone from like talking about tax the world, justin bieber, now I'm with justin bieber.
Speaker 1:Apologies, I know there's something going on with him right now. He seems a little bit like he's on a low ebb. There's been some pictures of him looking like gaunt right he's doing an album.
Speaker 2:He's probably stressed, you know, new, he's just been a new dad, new dad, exactly, I get it. I mean I went the other way as a new dad but he went all skinny.
Speaker 1:But my thing is that he got so much stick for wasting his money.
Speaker 2:Being a bit of a twat, I mean, why does anyone care how he spent?
Speaker 1:I know, I'm just being I know I'm saying to people don't buy designer stuff. You're wasting your money, but no, no, like he got a lot of stick for for all that stuff, like pissing his money off the wall. He's going out partying, he's doing all this shit, blah, blah, blah, blah, blah blah. He was just given millions and millions and millions at 14, 15, 16. How would it not just fuck you up?
Speaker 1:a crazy amount. How would you not be an idiot? I was an idiot at 16 with like little to no money, let alone if I had millions in the bank. The stupid shit I would have done. We me and my friend we had 200 pound yeah and we went out and bought a scrap car yeah and ran each other over with it, which is that's what we did. That's how we spent some of the summer are you joking? He would drive into me are you joking?
Speaker 1:I can't remember this oh, there's videos on youtube and I remember I came home and I had the biggest bruise on my leg.
Speaker 2:I think I do remember and mum was like what's happened to your leg.
Speaker 1:I was like jacket me with the car and she went what do you mean? You hit me with the car. I was like, well, we were trying to film me jumping over the car and I couldn't jump. Quid, yeah, if you'd given us a few million, oh, my god, absolutely. I got pugh jumper alton towers. It went to my fucking head, so I don't know what.
Speaker 2:If I was getting to the front of every line I'd be a monster see, I think I know someone who did have some money and they were given to it at quite a young age, and I says no, I think you should get it like 25 because you're more sensible, you're more mature and you understand a bit more it?
Speaker 2:Yeah, exactly Because I remember I think my mum and dad put some money away for me and I got like £1,000 or something, I think it was. I can't remember how much it was, but I was given to it and I just spent it all on clothes. Burberry scarf.
Speaker 2:I was young and I was naive, I just pissed up the wall. But now Charlotte, been through hardships, who's had no money, who's literally been in relationships longer than I had to because there was no way out, because I didn't have that like strong platform underneath me. I felt all that and I don't want to go back and it's made me into the person I am now with my finances. So I do agree, I think sometimes giving someone money too, too young, you don't learn the hardships and you don't learn to manage it and appreciate money If you're not advised on it, especially it's, like you know, the basketball player Shaq.
Speaker 2:Oh God, no, how am I going to know a basketball player?
Speaker 1:Everyone knows Shaq.
Speaker 2:Well, not Charlotte.
Speaker 1:Shaquille O'Neal.
Speaker 2:No.
Speaker 1:No, anyway, you don't need to know, he's a basketball player.
Speaker 2:Come on when he signed his rookie contract, right when he got drafted he got a million dollar signing bonus.
Speaker 1:So what did he do? Because he didn't have any financial literacy, no one was telling him anything. It was before he even met with his financial aid. He just went and goes I got a million signing bonus.
Speaker 1:You know, mum you've been with me since, since the start, obviously, yeah, let's buy, let's buy you a car, let's buy me a car, let's buy, blah, blah, blah. Before the end of the day he'd spent like 750, 800 grand right of the signing bonus because he's just been given a million. He's gone from nothing to a million right and then. So then he met with his financial um financial advisor who said, right, let's sort out you paying that tax on your signing bonus. And he went like tax, we talk about taxes, signing bonuses, bonus, oh shit, it's all my money. He goes 50, it's not, it's the government's. So straight away, within a day or a week of being a, he was already 300 grand in debt.
Speaker 2:Oh, my God, bless him.
Speaker 1:So he was waiting for that first game back, and then he obviously accrued his money Now he's a billionaire because he went out and he bought. He went really smart Investments, started buying. He owns like fucking 500 car washers and subways and in and outs and whatever in and outs and whatever. So he's done it that way, but he could have fucked it instantly. You've been struggling, struggling, struggling. You get given some money.
Speaker 2:It's like, oh, I can actually buy clothes. I've never actually fucking done, I've never had, I've never been able to walk in a shop and just spend that money.
Speaker 1:You're having your pretty woman moment.
Speaker 2:Yeah.
Speaker 1:Minus the prostitution.
Speaker 2:But there was a time relating yeah, no was when I was at uni and I went to uni on a whim. I didn't know what to do. So I thought, right, I'm going to go to uni. And I thought, great, I can get the student apartments, I don't need to worry about housing, I can just go live there. Great, I can have some fun, go out on some nights, out and live my life and just, you know, just enjoy it.
Speaker 2:So I said to myself I'm not going to get a job, because I just don't want to be stressed, I don't want to go into exactly I wanted to do uni baby you've got adult life is coming exactly, and I wanted to be in that moment and literally wrap myself in it and enjoy it. But the downfall of that is it put me in debt it will do that it did you know, so I remember well, you mean student loan debt or just just debt?
Speaker 2:I was. I was so happy I'll never, never forget it when I got an overdraft and I don't mind being open about this at all. But I got an overdraft for the first time and I was buzzing. I thought, yes, I've got money I can go and spend. What do you mean? Yeah, like I just classed it as my money. I thought, oh, brilliant, I've got actual money I can spend?
Speaker 1:What did you not the the feet, overdraft fees and stuff no, there was no fees on it. Oh, they gave you.
Speaker 2:They were like yeah, because it was a student overdraft and it was quite a lot as well, barclays, but it was quite a lot and I thought, oh yeah, I've got money, I can go enjoy life like this is great. Obviously it got me into debt. Long story short, obviously I just put it down with uncle david and he went through things with me. I never forget it and it taught me so much about budgeting and I've said this previously, and this can change your finances, whether you've got money or you don't, if you're living in debt or you are on a good salary and you can't get money. Basically, what he taught me to do was, at the beginning of the month, no matter what he says, think poor whenever you get paid, think poor. Have you ever have you? Has he ever said that to you before he?
Speaker 1:hasn't you know?
Speaker 2:yeah, he says that's me, I think you, I think it's always drilled in over the years, yeah, you probably, but I literally had that one sit down with him and I learned a lot and I took it all on board because I didn't. I wanted to get to my adult life and be successful and have money.
Speaker 2:I didn't want to be in debt, I want to be like that. So anyway, he said, at the beginning of the month you get paid and you work out all the bills you've got coming out. And then he says you have that in one part. He said then you have spending, you have a budget to spend per month and that's in another part. And then you have another part for your rainy day funds. And he says no matter what on payday, always think poor. No matter how much you, you weren't always important and it was the same. Like I earned, you know just under like 90k one year and I still lived off it as if I was on like 30k, still thought poor. Don't get me wrong. I had a holiday and I enjoyed it and I put a bit of money in that.
Speaker 2:I budgeted, yeah, and I still gave myself that, that money which. I knew I could live off and that rest of it I put away, didn't even think about it yeah and some people probably, you know, don't have that much money. So if you don't, for instance, there's another thing that I used to do this was way back when is I'd put 150 pounds at the beginning of the month would be an automatic direct debit that would go into another account, which I didn't have access to didn't even have access to it, so I couldn't go and get any out.
Speaker 2:So that was slowly building up and that actually helped pay for my trip to Thailand in 2012. Nice, so, even if you can't afford it, even if it's a little bit bought, the reason I'm saying even budgeting is if you're in debt and you budget, you're still going to get less in debt. So even if you're in debt and you've got no money, you still budget with whatever you get budget. And so a listener actually messaged me saying can we chat about the budgeting? Because I mentioned it in I think it was at the new year's resolution episode can you say a bit more about it, and I was like, yeah, I will do so.
Speaker 2:It's finance one. It's the last one there, you go finance.
Speaker 1:Don't buy dinosaur schools for quarter of a mil or castles what's the most randomest thing to end this episode?
Speaker 2:what if you had money and you weren't bothered and you were just like okay oh, what would your? What would your weird obsession be? Not that I ever do this, but what would be the one item you'd want to buy?
Speaker 1:I'm a nightmare for shoes oh trainers yeah, yeah, yeah, but like I don't think I'm a sneak head. I'm not the type that's. I know it's boring, but it's true, like I will. I'm always oh, oh, yeah, better me, but I'll only buy the ones I like. I'm not the type that's. I know it's boring, but it's true, like I will. I'm always oh, oh, yeah, better me, but I'll only buy the ones I like. I'm not going to buy like some collab with some twatty rapper, right, that just looks a bit shit, but you buy it because it's clout to have a 902 grand, five grand pair of shoes, right. However, I would like to buy the um self-lacing shoes from Back to the Future. Gosh, yeah, they're about £1,500. Oof, yeah, I wouldn't. I want them, don't. Oh, I'd look like a massive twat in them. That's the problem, and I know I would.
Speaker 2:Saddle up a helicopter.
Speaker 1:Oh no.
Speaker 2:Oh, I'd be so bored no. Can you imagine if I was just going for some drinks in Duffield or something? I'll get my helicopter to pick me up in two minutes I'll be there.
Speaker 1:So many people, okay? Yeah, to be fair.
Speaker 2:I am a problem with who's got an issue with time helicopter would help me.
Speaker 1:I think you'd still be late with a helicopter.
Speaker 2:I'd be less late, wouldn't I?
Speaker 1:I don't know I couldn't find a landing circle, so I've actually had a landing of the way than my house is, so I had to get an uber I would always be sensible.
Speaker 2:I think I'd always be sensible no, there's.
Speaker 1:There will always be a level of money where you just go I'm earning how much?
Speaker 2:oh, okay, let's get silly and you would I like to do once a year on a holiday and I do a really good holiday like go business. That's what I did before oh, I do.
Speaker 1:I love that. I'll do a six month holiday twice a year, you know oh same, babe same that's, that's gone. I've got to be on a fucking millennial t-shirt somewhere. I just need two six months holiday every year.
Speaker 2:That's what I need hey, but that's gonna be next because next month, the month of may, will be all about it's the list of the month I didn't know.
Speaker 1:He said that solo traveling and traveling in general. But solo traveling we want to focus on because I've had a lot of messages through like, even people messaging me on my own Instagram about like, your solo traveling, about how they feel like it's something they might want to do and they're taking like babysitting. So we want to get into, like, the solo traveling. What's stopping you from going traveling by yourself? I think there's some obvious things that are stopping a lot of people. So that I think there's some obvious things that are stopping a lot of people. So that's what we'll go into and kind of like the difference between any fears I'd have a traveling solo to fears that you'd have traveling solo, and obviously it's vastly different.
Speaker 2:As we said on our Instagram, every now and then we will do a listener of the month, so we will let you know in advance when that is, give you a chance to drop us a message or, you know, drop us a message whenever, but obviously this for the month of may, isn't it?
Speaker 1:yes, month of may.
Speaker 2:This is dedicated to victoria, who was the one we had. Thank you so much for everyone who sent in all the things you want to just talk about, but we did a little pick out the hat and it was victoria. She is our listener of the month. So, victoria, we're gonna send you a little gift to say thank you, and Victoria, you are our listener of the month and we can't wait to talk about solo travelling, which is what she wants to hear so, yes, I hope people have found that helpful.
Speaker 1:Obviously it was more advice coming from you than anything from me it was the most random.
Speaker 2:Mine was like just don't buy dinosaur skulls alright save yourself some cash. It randomness episode, but thank you so much for listening. That's a finance episode closed off right and that's finance month done thanks for listening. We know time is precious and we thank no-transcript. See you next week.
Speaker 1:Ciao bye, bye. How did it suddenly become an hour?
Speaker 2:I had to say this over the month to make it big. But please keep in about all. But please keep in about all the budgeting keep in about all the tax I very rarely edit your stuff out, you know keep in all this shit about the government thank you, keep on in.
Speaker 1:I just don't know when it. I looked back at that five minutes ago. It said half an hour and then suddenly it was yeah, but that's fine.
Speaker 2:It doesn't matter if it's a longer episode.
Speaker 1:No, it's fine, and there was also a lot of like talking about other stuff and I can. I can trim out some stuff um but please keep in all the bits.
Speaker 2:I'm gonna keep it in yeah.
Speaker 1:I feel like you rarely get an episode where you go. I remember talking about a lot more than this. No, to be so much on the floor.
Speaker 2:Oh my God, if he started talking.
Speaker 1:I saw it on the video. I should be like all right, see ya. Because I used to be able to tell from the sound waves because I was doing it on that shitty laptop and I could see yours and I could see mine and I could see Nick's. They were massive Because, do you remember, we couldn't get the mics to work with Nick's voice, so whenever it started popping up, I was like yeah, I do think that's going to be a good one though.
Speaker 1:Yeah, it's going to be a good one. It's fun, it's lively, the energy's good.
Speaker 2:Right straight into Well, oh yeah, so cool.
Speaker 1:I want to.
Speaker 2:Let me just do a quick Make it big for Listener of the Month, because we need to get listeners engaged. Do you want me to?
Speaker 1:stop and.
Speaker 2:But we need to get listeners engaged. No, I know Because when he says, oh, I'm going to talk and I was like, no, not Lister of the Month. That's what.
Speaker 1:I'm saying Because we need to get people to, we can't mention it, and it's also let's make a massive hoo-ha from it when a podcast mentions stuff that's happening next month or stuff that's happened previous. It shows that there's like a finesse to it.
