10 Secrets to Achieve Financial Success

[Music] so Anon where are we uh we're in Singapore this is where I live and uh what are we doing uh well I'm working on the institute in Singapore at the moment but uh we said we wanted to do another interview right sure so uh yeah schedule's pretty hectic so can't really do one in the traditional sense but uh I thought it Would actually be better if you flew in from London and uh come with me on my business trip to New York and London we're going to be doing seminars there and then I've got

to head on to ia uh Italy Caribbean to do mentoring programs and uh if you follow me along the way uh you'll get a really good insight into what the Institute does what I do on a regular basis and uh I can just drop you off in London on the Way sound good yeah yeah let's do it okay [Music] let show you okay this is where the Journey Begins Ritz Colton Singapore then we're heading out to New York [Music] before we travel I think we should be uh freshening up we want to go on the

road looking good so uh I think we should get A wet shave get a nice haircut and uh get on the road feeling good about ourselves when we go to New York how things cool classic wet shave and haircut proper Barber haircut from a Mongolian Mongolian living in Singapore who's learned his craft and knows it inside out see this is the attention to detail you need this guy make a good [Music] Traer [Music] thoroughly recommend this every man has to go for a wet shave looking good my man thank you all right awesome yeah all

set brilliant I'll see you next time yeah see you next time take care yeah it's important to do these things if you're uh doing a lot of business traveling not only for yourself but for other people around you as well feel like a million dollars really [Music] good thank you cheers why Singapore uh what could I say well why wouldn't you be here it's uh the it's the gateway to Asia gateway to Southeast Asia where everybody internationally comes to do business because it's the easiest place to do business business in the world secondly you're surrounded

by numerous countries that have got the Best demographics in the world and the highest growth and third it's got the highest standard of living in the world why would you not be here it's [Music] [Music] crazy [Music] so Anon what are you working on um so I'm just going through a whole bunch of messages that we've got through the Institute Website and um we get get scores of these messages every day actually and uh it's all from guys really just asking you know for uh help in learning how to trade and um I think this

is one of the reasons actually why the Institute does so well uh it's because we've really only got two types of Students first type of students is really um the older guys who have been around the block many times and 've learned from a lot of people in the financial markets with conflict of interest lost a lot of money so they have to come to us they always end up coming to us because we do things properly and the other guys are really students who are coming out of University and they want to go into

the profession they want to go and work for An investment bank or a hedge fund become a professional Trader what they don't realize is is that they can't just walk into these places they have to actually learn how to do things properly and learn how to trade before they actually look to turn this into a profession but um what's quite interesting is that whether it's the older guy or the younger guy there's generally a Common Thread throughout all the messages that we get through the Institute we uh We've noticed over the last couple of years

that there's actually a wider issue at play here that um you know really the older guys uh is just the what the younger guy is going to become because they make all the wrong decisions they make all the wrong financial decisions they make all the wrong career decisions and uh the younger guy is really what the older guy used to be and When you think about what's going on in the western world right now with say average salaries good example uh United States $68,000 uh UK £28,000 Europe 26,000 these are all national average salaries and

really these are just numbers that allow people to live on a month-to-month basis and people are trapped and frustrated and they're looking at ways out and trading is just One of those things uh that people latch on to as a way out they think it's going to be the answer to getting them out of the problems that they're in and um this is actually the wider issue The Wider issue is that there's actually just a million ways to make a million dollars you know trading is just one of them and it's not necessarily just one

answer to all your problems the answer is to sort all your problems out and that this is why we get so many messages Think about other problems in the Western World you know 50% divorce rate Across the Western world and what you've got is an entire generation of kids who are now going into the workforce and they've had no example of how to do things properly how to make the right decisions in life so you know I think I know what I'm talking about when it comes to stuff like this because I started with nothing

uh I came from a fatherless household and I had to Learn everything myself from a very young age you know from the age of 16 in double quick time so you know we're going on this business trip um and if you follow me and if people actually just follow the Institute I think you're going to pick up a hell of a lot of uh useful insights into how to actually uh become generally quite successful uh and get a lot of answers to these questions that people that you might have so you can follow me and

just Ask me any question along the way when we go to new New York when we go to London and give seminars um we meet all these people so ask me all of these questions I'll be happy to to you know give as much advice as I can cheers thank you very much let's go uh so Anon I noticed uh it's so it's just you here yeah um it's absolutely necessary you can't get a lot done in The financial markets if uh you've got an office full of people bugging you all day sure and the

phone ringing constantly it's uh just creates a lot of disturbance so it's really important to have high levels of concentration be able to think things through properly and uh you know get things done every day and get over the line on things all the time and be able to make well-informed decisions so having like lots of disturbances in the Office uh just creates an environment where you don't actually get anything done you don't actually make logical and sensible decisions you've just got to have peace and quiet and be able to get all of this stuff

done and get it done well so the way the Institute operates is we've got uh Traders all over the world and they all report in to our back office and we see everything from the back end and we manage everything uh from the back end make sure risk is all Managed correctly um but also with our own Investments you know I run all of that from Singapore in a quiet environment yeah Chris it's uh Anton here mate um listen I need you to pull up my account uh I'm going to send you uh an email

with um a whole bunch of orders to uh execute over the next uh 24 hours so I need you to basically reduce exposure by 40% across the board and uh bring the overall gross exposure The portfolio down and uh in terms of net exposure I need you to actually uh hedge uh put a 30% hedge on the book uh so I'm going to send you the Hedge orders separately on a separate email um and I need to sell uh SPO and Ducks so sell five bucks of each and uh you're going to receive two emails

okay yeah yeah yeah exactly exactly no I've basically got to go to New York on business on London and um I'll be kind of off the grid for a week or two but I'll be checking in every day so I'll give you a shout uh like 9:00 a.m. EST every morning okay mate yeah I'll send over the emails now okay cheers bye I just wanted to discuss uh dividends after the after earning season yeah so for the Reit portfolio Okay yeah okay so we're nearly done um but I just need to call alen we've got

to sort out uh The Institute Traders uh Portfolios Alan hi mate how's it going yeah go through all the Institute Traders top to bottom send me the full breakdown make sure the exposures are all in line with what needs to be done yeah and if any of the guys are over four or five times stick them in a separate file yeah so I just want to know where the where the where their unique risk is so it seems that um all the things You're catching up on before you go are all related to risk management

those are the priorities well it's super important you know there's a there's a well defined process that you go through to actually end up with live positions but once you've got live positions in your portfolio is basically there and everything's trading live real time um it's all about risk management so basically making sure that your downside is protected you know if We're going away for 10 days on the road you obviously can't spend as much time time concentrating on that so the right thing to do is reduce overall exposure reduce your net exposures and uh

hedge out uh portfolios to make sure that nothing can hurt you while you're away we'll still be checking in every day of course because we've got over 40 trading Accounts at The Institute where we're managing all of these portfolios so we have to check them but you know me Going off the grid is basically checking once a day instead of 20 times a day [Music] so what do you enjoy about living in Singapore oh the lifestyle is just awesome like today sun shining Just Before Sunset you can just walk down to all the festar hotels

have nice drink Sunset cocktails every day it's just phenomenal if you're working in the CBD okay we're at the the uh fullon Bay Hotel Lantern we're just going to have some drinks by the pool watch the sunset bab cheers Rich C Hotel H hello hello oh it's so good to be back in the air oh my God yes so good we going to go for a swim yeah hey all right mate hi mate how's it going good a little late night swim yeah got a lot of work down today which is always good when you're

traveling the Next day and uh yeah just trying to get a bit of quiet time we going to be uh after 23 24 hours door too tomorrow uh we're going to be landing in New York and the schedule's going to be really really busy so always nice to get a bit of quiet time and uh the Calm before the storm really so uh yeah when we land we're getting picked up from the airport straight to Trump Plaza uh we got Brokers coming over to the hotel got to meet up with Raj uh we've got guys

flying in at the weekend as well we've got we've got to do the seminar in between and uh same again in London the week after so prepare yourself it's going to be a very very busy schedule not a lot of sleep every hour is going to be packed and uh I think going to get a real insight into what we do at The Institute what we do on a regular basis What I do day today and uh think it'll be interesting and a lot of fun see you in the morning see you in the [Music]

morning this is the best airport in the world by an absolute mile [Music] [Applause] [Music] thank you to your [Music] right it's 23-hour flight from singap supp in New York at the end of the day 23 hours is still 23 hours this is a place you know generally where I do tend to get quite a lot of work done on flights because it's a place where no one can really disturb me so I can actually get a lot [Music] done okay so we've just land welcome to Germany home of federal back door Economics and the

humble sausage H look salmon TR it's very nice superb cheers it just gets better and better I think this is like the 10th course I've had on this flight [Music] so about to uh descend into New [Music] York [Music] roll [Music] [Music] hi good afternoon hi how you doing excellent thank you for welc checking in yes so how cool is it that 24 hours ago we were having drinks at the Ritz Colton in Singapore and now 24 hours later we're having drinks at the Trump New York yeah Cheers Cheers Welcome to [Music] My Oh you

[Music] monster [Music] the Trump beautiful place to stay overlooking Central Park really can't go wrong with any with anything that these guys do it's the best in town Uh Anton um do you remember the other day uh in Singapore um you were talking about what young people do wrong um what do you think they could do right um it comes down to uh to a number of things and they are all connected um but probably one of the most important things I think is actually the way people view money right and Um the way there's

two there's two main problems with most people uh in the way that they view Money the first major problem that I've picked up on over the years is people not really understanding the function of money why it exists and if you don't understand why money exists and its real function you tend to have no respect for it and the second thing is Actually uh to do with uh emotion towards money so having uh some sort of emotional barrier towards money itself so you know with the first one for example like uh the for the fun

of money and the purpose of why it actually exists you know we're always uh told these messages where like for example uh money is the root of all evil uh money doesn't make you happy uh the more money you have the more problems you're going To have um but I just want you to think about it for a second CU it's pretty damn obvious okay but people always miss this point just imagine a world that didn't have any money in it at all money obviously has a function and you know in your own time you

can go and look at this online uh because it's pretty well known amongst people who understand the function of money uh so look look up um the double coincidence of Wants the double coincidence of want is really important to understanding the function of money because without money we essentially live in a bter economy and everything that we're used to consuming in the world now has come about because of the function of money and um it makes Society work it's it's something that if you if you understand why it exists to solve the need of the

double Coincidence of want you respect it more right and people don't get this so look up uh the double coincidence of once and look up the Alternatives so the the the uh the barter economy you know that's the alternative and you know we we're led to believe a lot of the time that wanting money is a bad thing and people blur the lines between wanting to do better for Yourself and your family and that type of greed and the greed of harming or abusing uh other people and money is the medium through that so so

one in my mind is a positive greed in that you want to do better for yourself and you want to do better for your family in my mind there's nothing wrong with that The other type of greed obviously uh is not good it's it's a negative greed where you're harming other people to become wealthy and you don't have to do that you know if you just understand the function of money firstly and respect it you'll realize that money isn't the root of all evil it's greed that's the root of all evil in a negative sense

when you're harming other people money has a function and there's a positive greed so Again imagine your life or the world without money in it everything that you consume everything that you experience these days is a function of the monetary system that's built up over hundreds of years and we've come from the bter economy to be where we are today without it Society literally would not function so understand it and respect Ed that's the first thing and understand the difference between positive and negative Greed and do the right things and um what you've also got

to understand as well is money itself in Enterprise for example there's only two inputs to Enterprise capital and labor and what you've got to understand is that money itself is a commodity and labor is a commodity as well and they both have prices so Capital has a price and labor has a price so for Capital the price is Interest and for labor it's the price that labor is willing to work for so there's a labor market and in any Enterprise there's just two inputs capital and labor and capital markets are absolutely necessary societ soy would

not function without Capital markets because capital is a commodity and has a price and it needs to be transacted and it allocates resources as optimally As possible because there's demand and supply for Capital and demand and supply for labor and when labor wants too much of the share of Enterprise and capital gets too less Capital leaves it goes away and that's not good for labor long term so when you understand the function of money and capital markets you understand that it's absolutely necessary for them to exist because in all circumstances in History when Capital has

been locked out of the market and left there's been widespread depression money makes Society work and and the a small problem is that you know these days it's a very it's very popular to have uh this view of the world this view of money uh that this the system is broken and doesn't work well it does because there is no better alternative it's not perfect but There's no better alternative and just because for example you know someone was born with no Capital doesn't mean the system is wrong or unfair they just need to understand the

role of money and understand its function so all of these messages that we get about money so money is the root of all evil no it's not greed is uh money doesn't make you happy well people that I know and myself um With money who have done quite well for themselves we know that you know then we're not stupid you know these guys aren't stupid and they they absolutely know it doesn't make them happy they're generally speaking exactly the same as they were when they were young and had no money they're they're exactly the same

type of people but they're just a little bit older and a little bit Wiser and you know the other sayings so uh the more money you have the more problems you have well it's just not the case if the more the more money you only have problems if you don't manage your money properly so if you manage it well then you're going to you're going to do okay you're you're actually probably going to be more comfortable more relaxed have more freedom more choices and probably help it helps you become happier it doesn't make you happy

it Just helps you become happier so all these messages that people get told you know constantly growing up this creates the second problem as well so first of all not understanding the function of money but secondly also uh having emotional barriers to money it's uh it's this is the second problem and actually like I can uh just go off and uh I'll I'll I'll come back in a second to illustrate the point okay all right all right what do you I'll be I'll be back in a second wait there I can go and get get

something and to illustrate the point more accurately [Music] okay right mate go back in okay go back in I'll show you what I properly mean okay okay [Music] so $20 yeah What so $20 on the table okay look at it again look at it is this a is this a magic trick or no it's not a magic trip so when you look at the $20 yeah what do you think of it let's see could buy me a couple of drinks or a a meal or a Cinema ticket whatever it's okay yeah but that's what it

can buy you sure but what do you actually think of it it's it's money you know yeah so okay okay so not much right Right okay now let's move on what about $100 sure it's you know again I think about it in terms of what I can buy with it and that's okay you know night out or you know going to a nice restaurant you know whatever so yeah it's like a night out maybe with a few other people like sure go to a nice restaurant have a few drinks take your family out whatever right

yeah well what Do you think of it um I mean it's a decent amount of money if I lost it I'd be a bit annoyed sort of thing okay okay yeah let's make let's make the stakes higher okay so here's $1,000 one two three four yeah it's $1,000 sure what do you think of that um so it's become a decent amount Of money okay uh yeah it's what do what quite a lot what can you buy with a, you could buy of appliances you things that people typically buy with yeah phones TVs sure games consoles

whatever yeah exactly okay so let's take this to a slightly higher level okay $5,000 w yep right what do you what do you Think of the $5,000 well it's I mean that is a lot of money by any objective standards that's like what somebody's monthly or even salary for two months sure quite a few people so what do you think of it um again it's you know it's a considerable amount of money for a lot of people now I could put any amount of money down on that table sure I could put 10,000 uh 100,000

the million but let's go back to the beginning let's take off the five The thousand and the 100 and go back to the 20 sure and the next question is this what do you think the $20 note thinks of you nothing it's just money it's just a piece of paper of course right you can't think yeah it's a piece of paper with 20 written on it sure it's a commodity it doesn't think it's a commodity that's used to transact for goods and services to satisfy wants and Needs that's all it is okay the problem with

it with most people what they don't understand is that all the problems with money exist with them sure not with the money the money doesn't think anything of you so whether it's $20 $100 $1,000 $5,000 $10,000 $100,000 a million do it doesn't matter because a million dollar or $100,000 or $10,000 is just a whole bunch of 20s that think nothing of You so there's no difference except monetary value so this is the this is the second major problem it's having emotional barriers because the more money I put down on the table the more you think

of it sure because you think automatically of what it can buy you to satisfy wants and needs right the key is to be indifferent so going right back to the beginning understanding the function of Money is very important in order to to respect money but at the same time you also have to reduce to zero your emotional barriers and you have to be indifferent now this brings up another interesting point how can you actually be uh respectful of money but at the same time be indifferent it's kind of contradictory okay but in this context it's

not contradictory sure and I'll tell you why because respect in this context is Simply Having awareness yeah so so it's having awareness of what money actually is and being indifferent to money when you look at it when you see more and more and more of it and that's the key so being aware and understanding money where it comes from so if you can actually manage to uh understand it properly and understand it function and be aware and be Respectful to it but at the same time be indifferent that's the key to actually starting on the

road to becoming successful because money will come to you you will respect it but you also know at the same time uh what it can and can't buy you but you're indifferent to it as well sure and if that makes sense to you yeah then you've got through that barrier anyway we have a dinner booked At a restaurant so uh we should hit the road I'm quite hungry okay okay well played well played you like that girl you got [Applause] exp so uh obiously we were out with Brokers last night till quite late always good

to get those things done as soon as you get into New York you know Get those important things out of the way uh and now we've got a seminar uh we've got quite a lot of guys coming down uh Raj is going to be there as well and uh I think we need to get our stuff together and uh get going so I said to them that was going to top up uh the margin margin on the account um okay right I think we're good to go [Applause] Okay crazy we're going to be locked in

doors all [Music] night oh we're uh we're driving to the seminar and stuck in traffic right to the middle of Time [Music] Square Quest 23rd and 6 and uh we're about to go into the seminar so we uh we hire our decent Siz rooms cuz we got quite a few people coming down and um we have drinks next door Afterwards so I went to the P the guy told me I told 8 8:30 we'll be there he's like you the one that were 60 years last [Music] [Applause] time yeah it's uh it's common sense you

know wanting to do it applying common sense and being consistent you don't uh you don't have to reinvent the wheel to be uh to be successful in the financial [Music] markets it's hard for someone to basically admit that you were wrong by just hold by getting rid of a stock that was a loser you know if you lose if you lose money on a trade it's fine it's just part of the overall game a professional Trader the win ratio was close to 50/50 than you'd think but it's how much it's not like a uh basketball

game it matters how much you win by if you become good at trading you it It overflows and seeps into other areas of your life you become really good at everything else I'll see you the BX yeah I think it was fun always enjoy doing uh little presentation in New York I'm trying to make guys great Traders and they're well on their way people are a bit smarter here they tend to get it better it's cuz they're Hustlers so basically everybody can ask questions at the bar in a more relaxed [Music] Environment that's such an

American thing to say went very well we a lot of guys travel to come to the seminar in the US uh London and in Asia we get people flying in from all over the place and these are the guys who are ahead of the game they're doing the right [Music] thing When I'm look when I'm look on [Music] my you can keep [Music] me Keep so we're back on Wall Street yeah back on Wall Street uh just had a couple of meetings final day in New York so got to get a few things tied up

and then we're going to Head out this evening uh so the other day we were talking about uh the predecessor mistakes young people make that people make in general the two ways they kind of mistreat money and their perception of it yeah what are the other ways people uh get things wrong um okay so the other day we talked about uh the function of money and not Understanding the function of money and what it's there for um but also talked about the uh emotional aspects towards money uh the other thing the other thing that uh

people really get wrong is um mixing up what an asset is and what a liability is and if you remember uh the other day when we talked about uh the function of money we talked about Capital markets and we talked about money being a commodity and uh money actually having a price well in The debt Market uh the price of money is interest and uh in the equity Market uh the price is that you're you're giving away an equity stake in your company and that's whether you're going to the public markets to raise Equity cap

Capital uh or you're in the private Market raising Equity Capital um but debt and Equity is very different so Equity when you're raising Capital uh and giving equity in return That's not necessarily a liability because it can actually be an asset the investor or investors coming to your company who you're giving to it an equity stake too can actually bring something to the table and add value to your company now the debt Market is totally different because you're paying interest and you're doing it on a schedule and you have a liability to make those payments

on that schedule and there's two ways of looking At it there's debt within a company and debt that you take on personally now when you take on debt in a company you're the director of the company and you borrow money and the business has the exposure the company has the exposure to the debt not you personally so although it's still a liability it's a different liability inside a company when you take on debt the company is uh limited liability therefore you as a person uh Do not have the exposure the company does now when you

take on debt uh personally you're taking on the risk you're signing up for the scheduled payments and that is a liability that's different to when you do it through a company because if you don't stick to the payment schedule then it means that you personally could end up insolvent not a company which is totally different so the so even though debt is a liability in companies and uh taking on Personally uh it's a different type of liability so for example uh mortgages you know that's the biggest liability somebody will ever take on in their life

but for the bank that's an asset now it was it's obviously much more preferable uh to buy that asset in cash because you could end up paying two and a half three times more for the property uh that you want to purchase but you're doing it on a mortgage you're Taking a mortgage to purchase it no wealthy people have liabilities wealthy people stick to the principle that they don't want to take on liabilities they want to own assets so it's obviously much more preferable to buy for cash but people feel like they have no choice

uh but to borrow money in order to finance uh a lifestyle that they can't afford right now for cash but they pay over let's say 25 years um but they Do have an alternative and that's what they don't realize they can rent now people think that renting is a liability and they kind of group it in the same basket as debt well it's not debt it's not a liability in the traditional sense uh if you rent it can actually be an asset because you have no risk you can walk out the next month and you

can you can leave anytime and you have total freedom and freedom is an asset and that's what wealthy people get They understand that um people who don't really understand uh money they mix up assets and liabilities and they think that taking on a mortgage and uh having it secured on a home that it's some sort of asset it's not it's a major major liability and what it essentially does is just put you uh in a trap and the owner of that debt uh is receiving the payments and you're paying them and you you end up

on this scheduled payment hamster wheel that is essentially a Trap and you can't get out of it unless you pay it off so when you look at all uh liabilities in debt in uh for people individually not for companies it's all about mortgages credit cards overdraft facilities borrowing money to buy cars you know these are all the mistakes that people make they don't think freedom is an asset and they sign themselves up and they get trapped one of the biggest rules and biggest principles to stick to is to actually go Ahead and buy everything for

cash if you can because the asset Now is better to own than in the future if you want to buy that asset you should want to own it now and own it outright so rent for 10 years 10 15 years and even if the property price goes up it doesn't matter it means over those over that period you haven't had a li AB ility you've actually had an asset over that period because you've had freedom sure and then if you end up buying it at a higher Price it doesn't matter you own it for cash

and you've had no liability in between so this is absolutely essential it's a principle that everybody should be sticking to otherwise people get trapped and they end up on the hamster wheel this infrastructure that uh is built in the western world where people borrow money to eventually own assets but have liabilities in between this infrastructure isn't necessarily Designed to benefit you it's primarily designed to benefit the owners of the infrastructure what you actually have to do is own your own infrastructure and have no liabilities so if you have zero now you have to stick to

this principle and get to a point where you own infrastructure with no liabilities in between do you do that how do you build your own infrastructure okay well Len we're going to get yeah we're going to get in a cab now and head back up to the Hotel before we go to uh before we go to the airport if we jump in the cab now I'll show you how to build your own infrastructure [Music] okay so this infrastructure issue how does it work so building your own infrastructure yeah um okay well this period we talked

about earlier yeah between essentially going from zero to owning assets uh that period we talked about so Having uh no liabilities during that period what you've actually got to do and it might sound obvious but what you actually have to do is save sure and you have to build your asset base because during that period perod uh it's going to be very very easy for you for example to go and take a job somewhere uh get a salary every month and then start signing up for liabilities based on that salary Um so the best way

to do things uh is actually uh build up your business so work for yourself build up a business it can still be done if you're uh working uh for a business bus or a corporation but it's more difficult you've just got to live well within your means and you've got to have no liabilities so liabilities like we talked about earlier with mortgages uh overdraft facilities uh credit cards uh taking Loans to buy cars stuff like this you got to have no liabilities and you got to save and you know even if you have to rent

for example or share an apartment for $150 years you've got to be prepared to do that and you've got to drop your pride you know setting up businesses if that's the choice you're going to make um there's a million ways to make a million dollars you know you can start off uh small and you don't have to have Hundreds of thousands of pounds hundreds of thousands of dollars to start businesses off uh most small businesses you can start off with nothing so if that's something that you want to do you know that's the way you

have to do it you have to start small and build and build this asset base um so during that entire period going from zero up to owning assets it's saving and having no liabilities and in its entirety what You're trying to do is essentially build your own infrastructure so you're building your own pension now if you look at the way the pensions industry Works uh in the Western World so if you look at the United States uh United Kingdom Europe uh what's become really apparent uh in the last 5 to 10 years is that uh

the generation previously who started on the pensions infrastructure in the 70s and over the Throughout the 80s and '90s and ughs um those people are not able to retire properly right so if they can't do that it means the pensions question or the pensions solution uh has not being met because the whole point of a pension is that it provides you income in retirement and these people can't retire so pensions infrastructure has failed in the Western World so whether that's the fault of the system or the fault of the People themselves uh it's probably a

mixture of the two um but essentially the stats are uh across the US Europe uh United Kingdom um the annual national average salary uh in each of those regions is basically equivalent to what an average person's pension value is when they retire which means if everybody retired today in the western world it would mean that they'd only be able to live in their current Living standards for one year and this is why everybody downgrades their lifestyle when they retire or rely on their children to pay for their retirement that's not something you want to be

doing you know if you want to be wealthy you want to be building your own pension not Outsourcing it but insourcing your pension so learning how to do things properly so the pensions infrastructure has failed um another another Infrastructure you know that you have to be very very careful of uh is Insurance you know insurance is a classic example where it's essent a fear pitch you know insurance companies uh create policies you know this can be on anything can be on home insurance car insurance health insurance doesn't matter because at the end of the day

it's just all numbers to the insurance company uh they create the policies you pay a premium for it and they literally hire people uh like Actuarial mathematicians to build models to ensure that they never pay out so or if they pay out it's a tiny percentage of overall uh policies so insurance claims for example um in the car industry uh the home insurance Market uh medical insurance these um types of policies the percentage that get paid out on per year I mean it's so small I mean we're looking at like 2 to 4% of Policies

per year so you know the the best way to create your own insurance and it's again pretty obvious is to build your own infrastructure so you become wealthy so imagining you know why why do you take an insurance policy say for accident or health insurance because one day you might have an accident and people live in fear that one day they will and then they have all these medical expenses that they have to pay um so let's say for example in 15 25 Years you're going to have an accident where you walk into the middle

of the road and you get hit by a car and you're going to in hospital for a month well the the only real way to ensure yourself against that is to actually just become wealthy so you so if you spend all that time knowing that that could be the case it's lazy to go and pay for a premium that might for a policy that may never actually pay out so insurance is another infrastructure as well as pensions that Isn't necessarily built for your own benefit um the other one is the whole uh private debt Market

which we keep going back to so just think about for example uh credit reports and the credit reports companies just think how absurd this is you get scored on your ability to borrow and the higher your score the more you can borrow so the so so the more the the higher you score and the more compliant you are when it comes to liabilities the bigger liabilities you can take on That's your reward that's your reward it's complete Insanity it's absurd and if you want to start off on the road to success and build your asset

base and build your own infrastructure the these are all things that you have to avoid you have to literally do the opposite of what everybody tells you to do so going back to this point um understanding the function of money respecting it uh having or being indifferent towards Building money and becoming wealthy but wanting to do it because you understand understand how the system works and you don't necessarily uh want to operate uh within it you want to own it this is the way you have to go you have to build your asset you have

to build your asset base and in that period as you're building have no liabilities and it's difficult to begin with but it gets easier over time because the key to this When you're building assets is actually to generate passive income and cash flow you want to be making money while you sleep and it becomes exponential so it starts off difficult but it becomes progressively easier over the years um what's the old saying it takes 20 years to become an overnight success but you've just got to stick at it so build your infrastructure yourself build your

own infrastructure it's the Only way to [Music] go [Music] take care see [Music] you we got to get on the road now and um we're heading to JFK and we'll land in heo in the morning and yeah we have to do it all over again [Music] [Applause] All right I'm obviously in Singapore uh and I get to travel quite a lot with business and pleasure um and the last 7 months uh I've not been back to the United Kingdom and I've been traveling all the way through Asia uh Australia through America and not one flight

has been delayed or cancelled in the last seven months the first time and then the first time I Tred to go back to the United Kingdom my flight is cancelled and the next one's delayed It's crazy it's just typical of the United Kingdom it's uh it gives you a lot of perspective you know when you travel a lot um you know I'm traveling 20 30 times a year um it gives you gives you a lot of perspective on the country that you grew up in or live in uh if you see what what else is

outside what else is available in the rest of the [Music] [Applause] World than [Music] you okay so I was just thinking earlier we said travel gives you perspective right yeah I mean what do you mean what what have you found has changed for you what's different for you now world so you know obviously like we talking about when you travel uh you get a perspective of other Countries economies and economic infrastructure and society and when you build your own infrastructure what happens is you you take you get freedom you get freedom of time you get

freedom to work on your own agenda you get freedom of schedule and for me Freedom really is the most valuable asset you will actually ever Have you will ever own so we talked about building your own infrastructure uh not having liabilities and building assets well freedom is actually the most valuable asset you will ever have and building your own infrastructure gives you that and traveling allows you to appreciate that so I'm not talking about traveling like taking a vacation or a holiday for one or two weeks to like Mexico or Spain I'm talking about really

traveling like Going on the road and disappearing for a year or two traveling the world and seeing everything that the world has to offer because you don't really uh appreciate Freedom until you've got no plan and until you're working on your you're traveling on your own schedule uh you're traveling on your own time you're traveling on your own agenda and you don't have any perspective if you've never done that because you don't Know what the world has to offer how do you know what you like how do you know what you really enjoy how do

you know what you really want until you've seen what's on office you don't have all the information and that's what traveling does for you it's uh it's one of those things that also gives you uh the freedom to choose the life that you want and if you know what's out there You can choose it so one of my regrets was that I didn't actually travel earlier in my life and I think it's something that um every kid should do every young person should do this as soon as they can because I traveled uh in my

late 20s and then I started to really appreciate what Freedom really is and what the what perfect life I wanted to get for myself and that's the Key because once you appreciate freedom and once you understand what your perfect life is the best thing you can actually do is then go back to where you're from and save and build and pay for cash the life that you want now that's really powerful because if you go and buy your perfect life somewhere in the world for cash you've got your dream life already and then you can

go anywhere back to the Country where you're from to to work build businesses keep building assets uh in that country or all over the world but if you don't like where you are if you don't like what's happening at any moment in time in your country or where you are elsewhere you own your dream life already you can just get on a plane and leave and there's no downside to life because you've got what you want already and traveling gives you that traveling As early as possible in your life makes you appreciate Freedom working on

your own schedule working on your own time agenda and also what's possible what you can actually go and own as your per your perfect dream life and once you understand that you go to work to get it and you know what's at the end of the road you know why you're doing it and it brings total Clarity and that is why traveling is so important [Music] [Music] 30 seconds into the United Kingdom and they've locked the doors to the [Music] terminal [Music] [Applause] [Music] [Music] yeah days been going okay so far I've got into London

uh this morning we've um I've been to a meeting and uh got back to the hotel actually met up with my wife who haven't seen for a few weeks and uh we're going to be heading out for dinner in a few hours um so if you let me finish up here um give me an hour or two I've just got a few things to do we can uh we can sit down and have a proper chat sure great thanks cool uh so Anton you've uh made a career based on risk essentially managing risk Um how

would you say young people should calculate which risks to take okay well I think with risk um what it comes down to is people tend to look at risk uh incorrectly so they um they look at risk in the two-dimensional traditional sense which is to look at risk uh where you say okay the more risk I take uh the more potential reward or loss I can Have so that's looking at it two-dimensionally the more risk I take the more volatility I have essentially when in reality in the real world risk is actually subjective to your

own personal situation so what do I mean by that well let's take for example uh a jobs scenario so let's say for example you've got uh a job where you're earning 50 $2,000 a year and you believe that having that job is safe there's no risk but let's move on one step forward from that let's say for example you want to quit your job so if you want to quit your job with no risk you line up another job beforehand and you agree a higher salary With another employer and you move on to that other

job by quitting your current job so you line it up before and but let's say we scrap that and just say okay well what if I just quit my job what's the likelihood of me ever earning uh more than $50,000 a year in the future well when you look at this and you calculate downside versus Upside it's pretty obvious I mean let's calculate the downside first so what can you possibly earn that's less than 50,000 well you can earn 40,000 a year 30,000 a year 20,000 a year zero you know your downside is 50,000 but

the the real downside in reality is very small you know it's very likely that you're going to earn somewhere around 50 or just less than that so that's calculating the downside But what about the upside well your upside is actually all the money in the world it's infinite it's infinite so even if you have a very very small percentage chance of earning infinity or all the money in the world you're still earning more than 50,000 so your downside is very small and your upside is huge now the person who takes the or has the $50,000

job to begin with tends to Anchor themselves to that number and then the next step is always to then if you're anchoring yourself to that number to take on liabilities that this number can pay for and that to me is more risky and that's why risk is subjective and not fully two-dimensional in the real world because it's subjective to your own personal situation so in that scenario you feel like you're not taking risk but you are because you're taking On lots of liabilities and therefore you actually can't assess risk objectively and this is this is

the problem with risk in the real world is that that most people can't look at it objectively so when we looked at that jobs example we very objectively calculated downside versus upside but if you have all these liabilities you can't you can't look at it with Clarity so going back to this point that we've Talked about before uh with freedom and freedom being the number one asset that you can possibly have freedom allows you to be objective when you're assessing risk because you will look at everything with Clarity and look at everything with uh very

simple downside versus upside and the ideal situation to work towards is not having personal liabilities and assessing risk in terms of Business by essentially trying to work towards um business risk where you've got very limited downside but huge upside and getting yourself into that situation and repeating it an infinite amount of times so you can become wealthy so you know for young people in terms of what risks they should be taking or looking to take um the first thing to do is step outside yourself and assess your current situation and if you have lots of

liabilities you need to Work towards freedom and if you work towards Freedom you're working towards a situation in which you can assess risk objectively so step outside yourself and look at yourself objectively and work towards that situation and it's difficult to do but it's something that just has to be done otherwise you're going to always remain in a situation where you cannot assess risk Objectively so step outside yourself and get the clarity work towards it and then try to position yourself in scenarios all the time where you have very limited downside and business risk but

huge upside and for me that's the key so if you understand that risk is subjective you can then take the next step to working towards being objective and then getting yourself in that scenario calculating downside versus Upside correctly and repeating it an infinite amount of times if you do that well you'll become wealthy so tonight uh catching up with all the mentors and Raj is actually flown in from the states so he followed us a day later so uh we're going to go and have a nice meal have a few drinks catch up on everything

it' be interesed to hear what all the guys have got to say about all The students that are being mentored at the moment cuz we're always on the lookout for talent uh so we're in uh m b the square you those red chili are really hot what do you think of the Aesthetics the Aesthetics are fantastic oh yeah it's been great had some great conversations with the mentals and uh I think we've got three new guys who we're Going to bring into the Institute as uh sponsored Traders on POA so we'll give them money and

we'll see them it's great great uh we're heading to Westminster University and on to another meeting I've just got to pop in uh to do the paperwork for Thursday seminal so it's quite funny we're on uh Park Lane now so if you look at Park Lane it's one of these uh quite manicured streets in London that's Uh one of those places where everybody wants to be because it's so beautiful next to High Park Etc um there's not many places like it in the UK like it in London but obviously like I'm living in Singapore now

every single street is like Park Lake so it's quite funny when I come back you know you have this uh perspective um when you come from the outside back in um when we drive down this street it kind of gives me that Reminder and sense of what UK is like for people that live here who don't get out of the country for sustained periods of time and see other countries other cultures and how other societies operate okay so uh where have we just been uh we've just been to Westminster University uh finish up the paperwork

for Thursday seminar R okay and uh we're going to head to the city now have a quick meeting and then pop back to the hotel uh get ready and go out for dinner So do we have time for a quick question yeah sure okay cuz I've just been thinking you know yesterday we talking about risk how people calculate it wrong yeah and uh it's just this running theme over the past week or so been talking about people calculating things wrong making the wrong decisions when it comes to their money and their lives H why don't

people know this stuff uh well really what it comes down to is the uh traditional education System you know this stuff isn't taught in the traditional education system and um when you think about it uh in the education system this question of how to make a success of yourself very clearly this isn't in the career curriculum of the traditional education system and um when you think about uh teachers and school or university you look at the infrastructure that they are part of it's pretty obvious that uh teachers During your entire childhood are really the spokes

person of the infrastructure that they're already part of so they're obviously going to be protective of it and they're going to Champion the traditional education system but the problem is is that these people that are part of it uh they're always giving you the debilitating message which is not or the opposite of the uh principles or requirements to become successful so you Have to look at it objectively and it's very obvious that teachers themselves in the traditional education system have a conflict of interest with potentially your own objectives if you want to actually get freedom

and success you know they're not it's not part of the curriculum and the teachers are not going to teach you it because it's not part of the curriculum and they're protective of their own infrastructure now the uh the ultimate Example of this I guess is is uh your parents so your parents have always been part of the infrastructure they came through the traditional education system and your parents are protective of you you know that and because they're protective of you uh they're going to try and ensure that you do the right thing or what they

think is the right thing you know so for example uh taking a job and It's safe so what we were talking about earlier with risk you know your parents also have a conflict of interest and that conflict of interest is emotion and with them being protective of you that's driven by emotion and additionally to this so imagine you go uh to get a new job or you go and get a business setup for yourself a business infrastructure or even a business deal When you go to your parents and ask them for their advice on what

you think is the right financial decision or right career choice what's what's going to happen is your parents are going to PO well probably default to the answer of well that looks risky or I wouldn't do this if I were you you know your parents at the end of the day are protective and they want to be proud of you um but they don't necessarily know what's actually Good for you you know only you really know what's good for you so for me uh it's two things uh that it comes down to as to the

reasons why people don't know this stuff it's the traditional education system and your parents and overall that's conflict interest and um what you've actually got to do is seek out alternative education and seek out mentors so successful people that do not have a conflict of interest now if you can Manage to do that then you set yourself up in a situation where your education begins when you leave school or university and that's what people have to remember really your education doesn't start until you leave school or university because that's the real world and you have

to seek out the alternative education uh say no to your parents in terms of uh Financial advice and career advice if for example your parents are not wealthy their cash flow poor they Ass said poor they don't know what they're talking about they're wrong they've made all the wrong decisions themselves so you you have to seek out the alternative education you have to seek out the mentors that don't have the conflict of interest so for example you know if you go and work for a corporate and you're assigned uh Mentor well that person obviously still

has a conflict of interest because as you come up through The company you might end up becoming one of the people that challenges their job right so there's obviously still a conflict of interest so you have to look at things objectively and and make sure when you're seeking out the alternative education and the mentors that there's no conflict of interest and that's why people don't know this stuff because from childhood all the infrastructure that's built around them uh creates an environment where Debilitating messages are provided consistently via conflict of interest that's why people don't know

it so people have to just seek out the alternative education and seek out the mentors okay okay so I just felt like um we had to capture this like I just wanted you to get this so I could show you something um you know what we were talking about with the uh traditional education system well look what's Happening here right now this is the end result okay so all of these guys were on London Bridge Okay they're all walking to London Bridge station from the city I think it's about 20 20 plus 5 right now

if you come in the morning they're all walking the other way now this is the end result they've they've all got the corporate job they've got the monthly salary they probably all got liabilities every month and essentially what they're doing in This labor market is they're working for nothing because at the end of every month their salaries coming in net they've got their liabilities they pay out what's left they spent so essentially they're swapping their time for free that's what that's what they're doing that's the end result of coming through the traditional system and this

is what they've got you know and I don't like seeing it and you know it's Um to me it's just Madness it's crazy you know look at these guys they're going to be they're probably all walking around with with business cards with their names written on them with titles written under their names so the corporates give them some sort of title but essentially when they put their card in the ATM at the end of the month there's nothing the most important business card Is actually the one you put in the ATM and you know if

you're a person that always thinks they're right for some reason well I would say this to you put your card in the ATM and see the number that looks back at you that will tell you whether you're right or wrong or not there's only one way to keep score and uh valuing your time is one of the most important things if you're working in this type of Situation you know from an Outsiders perspective coming in from other parts of the world and seeing this cold and objectively I look at this and I know these people

don't value their time because they don't get anything in return learn to value your time that is a major majorly important factor of going on the road to success it absolutely amazes me every time I come here and see This I'm baffled by what must be going on in their heads how they how they've legitimized this to themselves about working and giving their time away for nothing in return is essentially a positive thing for them how is that good for them how is that good for their families so mate where are we going uh we're

heading to uh a drinks evening with the Institute Traders so whenever I come back into London or go to New York or when I'm in Singapore uh we try to regularly get all the Institute traders of that region together so tonight we're actually going to get all the Institute traders that are based in the UK together for a drink have a big chat and everyone you know gets to meet up regularly you know it's a community and uh it's just great when all the guys know each other because they can bounce ideas of each other

and they actually build you know small Networks and teams and really it's uh it's one big Network globally padilly suckers home of the tourist okay so we'll start a tab when it gets to two grand let me know good see about it yeah oh I love London it's like New York except it's more spread out people have worse teeth but other than that it's good that's good ide Singapore to New York York yeah sick we're filming so much fun stuff so Tom's coming how youing I [Laughter] think I'm yeah trying to do to the US

housing almost double top 100 yeah yeah I was I was at the 100 Point like should I take profits and the double top at 100 with uh over two earnings we're at the pub with all the Institute Traders and uh yeah these guys yeah we all get together these are all the guys that in the last one to two years have been through the program and they're all trading with their own money and uh it's good to get all the guys together because it's all about leveraging the community intelligence you know once these guys are

in the community and they're trading with their own money they need to get together and meet each Other and that actually propels them on to bigger and better things one of the key reasons why we actually get together is also because one of the objectives of The Institute is to actually get uh guys who are profitable in their accounts to come into the Institute infrastructure and trade for us and two guys uh here are up 50 and 60% in the last 6 months so we're about to go and invite them on power of attorney to

to trade our money it's Really exciting do it let's do it to the left have you're up 60% rate since August that's insane and you've actually done it really well you know a lot of guys can take stupid exposure make 60% but it's a oneof you'll be invited into one of our accounts and I want you to trade some of our money and you can charge a performance Fe to us 5% every quarter so you're Incentivized see how you go for 6 months and then we'll get bigger finecy that definitely I come over here 50%

in how long uh 6 months 6 mon months and you've actually done it over many trades you've done really well yeah like you've been consistent August I want to invite you on power of attorney to trade some of my money I'm serious seriously yeah okay so we'll start off relatively small but we'll grow it as you make money okay okay so I've seen your numbers and we Believe in you and I want you to trade for us okay you're up for it oh yeah I'm you're part of the team probably now yeah good man so

I'm Jason McDonald I'm uh one of the uh senior training mentors and basically this is a good opportunity for us to meet a lot of the students in one place and essentially we run an open Forum so basically anybody can come up to us and ask us anything they like obviously trading and stock market Related um and we're basically here to just um answer any questions that anybody would like to ask us hey I'm Greg i'm s your Mentor uh it's great to be here tonight with all the manes Anon uh uh talking about the

the market about what they want to do uh and talking to my mes as [Music] well all right M hey how's it going good I had a question okay it's one that uh I'd be remiss if I didn't ask okay cuz I Think you get asked it a lot actually okay can you guess what it is no oh okay I get it what's what's it all about this is essentially your visual catchphrase now it's something that you've uh become quite well known for it holds 50 numbers it can text make and receive calls uhhuh and

that's it sure so what are your views on the alternative which are Smartphones well this is exactly what I've been this is exactly really what I've been talking about in terms of uh valuing your time so you know we had that discussion about valuing time sure and how people don't value their time generally well the smartphone is a perfect illustration of that and I ditched my smartphone two and a half years ago I used to have a Blackberry and uh since I actually ditched the Blackberry uh I've been the the most efficient I've ever been

in my career so I get two 300 emails per day now if I actually spent the time to go through every single one of those emails each day I would actually never get anything done done and actually 90% of those emails that I get per day mean absolutely nothing they don't have any value to my Life me even responding to them would actually waste the time of the person sending them to me so there's absolutely no point in responding to them or even reading them to begin with I know they're nonsense before I open them

so it's a complete waste of time and you know smartphones obviously have the email function everybody has that um I tend to schedule because I get so many emails I tend to schedule uh 30 minutes every few days to uh to go through all Of them and um that's all I need you know I probably get back to about 30 to 50 emails every couple of days that's about it now apart from the email function on smartphones you've also o got messaging systems now these instant messaging systems with all these notifications you know combine that

with emails uh with a smartphone my phone would literally be pinging during the Working Day every two or 3 minutes and It's just a huge distraction and think about what people do on these messaging systems most of the time they're just talking to people that they don't really know about nothing that adds any value to either person in that conversation right so you know like I grew up in an era for example where if somebody say telephones you on your landline at home on a Monday you I'm talking like as a teenager or as a

kid someone called you on a Monday and Said you know do you fancy meeting up on Thursday and I'd say well yeah okay I'll tell you what I'll meet you on Thursday at midday uh by the tree in the park M and we would just meet there there'd be nothing or no conversation in between right these days I mean just to have a meeting if we had the same conversation there would be 25 messages in between the initial conversation and actually meeting about nothing and it's just a waste of everybody's time and you know Look

at the way things go now like restaurants you you've seen it everybody's seen it the the family or the group of people or even a couple on a date and everyone's just sitting there on their smartphones staring at their phones constantly during dinner it's just totally unsocial as well so it's not good in business and it's not good socially now to highlight this in numbers terms what's the real cost of having a small Smartphone so let's say for example you uh you value your time at $100 per hour and you spend an hour a day

on your smartphone talking to a lot of people you don't really know or care about about nonsense what does that actually cost you per year Well 365 days a year that's costing you $365,000 but what if you value your time at $1,000 an hour it's 365 Grand a year that's the real cost of having a Smartphone but the causality works the other way around so I'm not saying here uh when you get rich ditch the smartphone it works the other way around you have to ditch the smartphone to begin with in order to value your

time correctly and get rich that comes later and you know something as well that you know a lot of people ask me is uh you know if you're in the financial Market how is it even possible For you to keep in touch with what's going on without having a smartphone and I think that's the most ridiculous question ever because if you understand financial markets you understand that everything that comes on your phone via mainstream media will never make you money in the financial markets it's responsive to what's already happened in the past your job as

a Trader and a portfol ear manager is to predict the future It's it's useless so for me and especially in my position in the financial markets uh you know young people my advice would be literally go through cold turkey do what I did ditch the smartphone spend one or two months doing cold turkey it'll feel really weird at the beginning because you'll pick up your phone and you won't be typing away you'll only get SMS and telephone calls But it will massively improve your life you actually become so efficient you can't even imagine how efficient

you become your life changes really quick ditch the smartphone because you will always be inefficient with a smartphone great brutal it is brutal but you've just got to get rid of it yeah what what's your downside sure test it for one or two months and see what happens sure and you'll and I promise you your life will actually become Better of course of course we're going to head to a quick meeting in the city and then uh we've got to head over to the seminar so we got to meet Jason before the seminar and um

everything's already set up so we just have to turn up really and deliver the seminar and then we've got drinks after okay so uh Anton you know we were talking about smartphones and how Financial news is by definition reactionary it's behind it's too late and it's useless um how do you feel about sort of news media in general does it have utility well general or wider news media is really the same uh in terms of utility as financial news media um they're both pretty useless uh if you want or if your objective is freedom and

success because what you actually need To have as we've discussed already is uh objectivity Clarity and Independence of thought in order to put yourself on that road to freedom and success and The Wider news media um is really uh useless because it has an agenda and the agenda is the agenda itself so for example like uh CCTV in China which is the state TV station or state sponsored TV station in China to me is exactly the same as the BBC in the UK okay and Fox News in North America Is exactly the same as North

Korean State television they all have an agenda and the agenda is the agenda itself and the causality of objectivity on and putting yourself on the road to success starts off with a recognition and understanding that this exists and allowing yourself not to be brainwashed and having independence of thought and Clarity so you you could so you can look at things in an objective manner you you basically don't allow Yourself to be brainwashed so you know all this media being pumped out every single day uh just because it's available doesn't mean it's good for you so

very similar to the uh smartphone example with financial news media um there's kind of no excuse today because media can now be consumed in formats and bite-sized pieces that are personally tailored to your objectives so newspapers TV uh even Online generalist media um is 99% of it useless for you and it's all about ratings you know for TV they want viewers for advertising revenue for newspapers they want readers for advertising Revenue online they want clicks for advertising Revenue it's it's all it's it's a business and it's designed to make you keep coming back for more

and more and more and it's not necessarily good for you what you've Actually got to do is first recognize that stay objective and don't consume it and and secondly only consume what adds value to your own life and your objectives and if your objective is freedom and success it's value your time don't waste your time consuming all of this stuff and don't even put yourself in front of it don't even allow yourself to be exposed to it and consume what's good for you what adds value to your Objective and your life and for young people

you know this is a big lesson because it's so easy just to uh consume all of this stuff and and get sucked into the agenda you've got to be uh very disciplined not to expose yourself to it and consume what's good for you so my advice to any young person who wants Freedom success is to make sure they put themselves on that path thanks very much so Anton it's the last day we're on our Way to the London seminar Y and um I feel we've kind of come full circle actually because the question I'd like

to ask you is about Role Models okay and in Singapore um you talked about how there's a societal problem and young people have a lack of guidance a lack of Role Models yeah how should people choose their own how should people uh choose their own examples to follow well I think you've hit on a Point there a good point it is actually a massive problem in modern day society and the problem is actually celebrity so you know we were talking about mainstream media uh earlier um mainstream media in the modern age uh glorifies celebrity and

these uh so-called or self- reclaimed celebrity or celebrities uh end up by default becoming young people's role Models and modern celebrity is not famous for anything they're just famous for being celebrities they don't have anything concrete they don't have any track record background uh they're essentially disposable commodities for The Wider media agenda which is ratings and um the you know young people um put these celebrities on a pedestal they uh glorify them they want to be like them and they become by default Role Models um the problem is is that these celebrities for every one

celebrity that actually has some sort of longlasting success uh there's another 9,899 celebrities uh that or or people that never actually end up becoming a celebrity they all fail and there's another hundred that probably do get some sort of exposure or success uh but then they're disposed of by the media they're Essentially uh entertainers and they get they get disposed of by the media outlet they get used and you know that isn't a role model you know so that the one that actually makes it um there's still just mostly celebrities that are famous for just

being a celebrity and um in terms of choosing Role Models you know that doesn't suit People's objectives or most people's objectives and what you got to remember is is that they are just entertainers you know they're essentially being paid by you in some way usually through advertising um to entertain you they're basically Jesters or clowns and um tomorrow they'll be gone you know they'll be disposed of and um if you're looking for Role Models the way you should pick them and the principle you should stick to is Look for role models that are tangible and

suit your objective so so role models that have uh longlasting success and track record in what you want to do that suit your objective and as long as you stick to that principle you'll be fine you if if you if you aspire to be that then you should be looking for role models and mentors that have actually Achieved that and have longl lasting success and track record and it uh it doesn't necessarily have to be me so uh listen just so you know uh I'm going to have to uh call this uh the end of

the road uh we're about to go into the seminar and once I walk through those doors it's uh it's all going to kick off like I'll get surrounded you know London's really popular for the semos because this is is where we started so Um we'll be having drinks straight after the seminar and I'll be mobbed and uh I'm going to have to leave after the bar and go straight to City Airport because I've got to go to yp3 in the morning and I'm only going to get a few hours sleep so I really won't have

an opportunity to talk anymore and discuss things with you um so we've been on the road for a couple of weeks it's been great I hope you've enjoyed it yeah and uh uh I hope you know people watching This can actually you know take a lot away from it um I've really enjoyed it I think we've had quite a lot of fun on the road and we've got a lot done you know this is what we do regularly at The Institute and this is you know regular week to week life in my world and I

hope people can actually you know glean some information from this and we've helped people on the on the path in some way to freedom and success so uh I'll have to say goodbye now if that's okay Yeah no problem cool it's been a pleasure cheers [Music] never you well got to go upstairs now I'll see you upstairs so listen thanks for coming down I know people have traveled quite far this is Jason who now runs the institute in L I'm now in Singapore so I come back a couple of Times a year we never hire

anybody as a mentor uh unless they've got a track record that's basically better than mine or at least as good so Jason's basically killed it in the markets on the hedge fund side and the bank side in the last 18 years so this is what we're going to cover provide a safety net um but it's just in the same way that losses are a kind of function of trading you see me at the [Music] Bott [Music] [Applause] [Music] [Music] till we [Music] go h