Inflation, Government Debt, and Why We're All Just Pawns | Spencer Lodge

Most people feel inflation, Spencer Lodge has lived inside it - across four countries, three decades, and more than one economic collapse. 

In this conversation with Matt Haycox, Spencer breaks down what actually causes inflation, why printing money is the oldest con in the book, and whether the UK is closer to bankruptcy than anyone in power will admit.

One of the more clear eyed conversations we have had on Stripping Off.

Chapters
0:00 - Coming Up
0:15 - Intro
0:37 - Spencer Lodge
1:05 - What Brought Spencer to Dubai
2:03 - The 4am Gym Routine
3:12 - Spinal Surgery and Getting Back to Fitness
4:28 - How Training Affects Every Part of His Life
6:06 - Spencer's Take on the Inflation Crisis
10:46 - How Do You Actually Reverse Inflation?
12:23 - How Do You Fix a Country's Debt?
16:57 - Can a country go bankrupt?
18:55 - The Human Trafficking Documentary
22:00 - Four Years of Podcasting
26:18 - Final Thoughts

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Website: https://www.spencerlodge.tv/
Youtube: https://www.youtube.com/c/SpencerLodgeTV 

Transcript

Brazil Hyperinflation As A Warning

SPEAKER_01 0:00

My first experience with inflation was when I lived in Brazil in 1996. Brazil had just come out of hyperinflation, where the price of a loaf of bread was adjusted three times a day in a supermarket. And when you got paid your salary at the end of the month, your objective, the moment you got paid, was to spend all of it.

Why Dubai Wins For Business

SPEAKER_00 0:20

Guys, Matt Haycock's here. Well, we're here in a new studio in Dubai with my new Dubai friend, Spencer Lodge, entrepreneur, uh, financial advisor, podcast host, author, up-and-coming fitness guru, and all and all around great guy. Uh so Spencer, thanks a lot for being here. What brought you to Dubai? Business, yeah, work.

SPEAKER_01 0:40

So I'd been living overseas as an expat for 12, what was it, 12 years back then? I was in Holland. We brought a company over here. One of us decided we needed to run it. And my business partners at the time, one of them was in Hong Kong. He's like, I'm not leaving Hong Kong. Dubai, why would you go to Dubai? Um, and I was in Holland and it was freezing cold, just like English weather. So hands went up, I'll take that one, and uh, that's how it started.

SPEAKER_00 1:05

I always say to my mates or you know, business associates, colleagues back in the UK that I cannot think of a better place in the world for bit for doing business. I mean, it's just such a such a hungry and simultaneously friendly business environment over here. I mean, like you've been here a lot longer than me, so you know, I don't know, you might have a different view on it, but I mean I couldn't couldn't speak more highly of the place.

SPEAKER_01 1:24

This place years ago used to have a lot of bureaucracy, which didn't make a whole load of sense. But but when you look at what they've done in the best part of 51 years, no city in the world has ever done it. You know, no country in the world has ever done it. So you have to kind of like take your hat off and say, you know, if you compared it to the bureaucracy of living in Brazil or and Thailand, where there's you know you're dealing with different languages and sometimes different alphabets as well, which makes it even more difficult to do business, then this place really is a place that wants business people to come to it, wants people to come and set up here, develop themselves, develop their businesses, and then geographically, it's in a really smart place in the world as well.

The 4 AM Workout Discipline

SPEAKER_00 2:03

So we're recording this about 12 o'clock in the afternoon, which uh from what I've seen of you on Instagram lately must be almost your bedtime because you I I always see you driving, driving down what must be Shakesai Road at four o'clock in the morning, telling telling people you're on the way to your workouts. Um, I do get very inspired and motivated by your workouts, workouts myself, but there's not a chance I'm coming there with you at half five in the morning. Are you are you a morning person? Is that what you're doing it?

SPEAKER_01 2:27

I I I I have always been a morning person, so that there's nothing unusual there, but um I I think I need it. I think I need that set time every single day that I go. I like the fact that I'm going early before everybody else is up. I like the fact that I'm done, you know, just as the gym starts to get busy. Um, and it's me, yeah, that that video that I make is 14 seconds every day of me driving down the the trunk on the palm of the golden mile coming off my house. And that 14 seconds I film and then get back afterwards and I think, what on earth am I gonna say today? And I have many people say, you know, you've motivated me to get up and do stuff, and then equally I've had people like, What are you doing, you weirdo? And one of them is my wife.

SPEAKER_00 3:10

So have you have you have you always exercised? I mean, has fitness always been a part of your part of your your goals?

SPEAKER_01 3:17

I've always exercised, but I don't think I've always exercised, you know, kind of like going to a gym every day like I have in the last probably seven or eight years. I had spinal surgery in 20 uh 10 and then 2012. And after that recovery, um, I really needed to be in the gym. And and cycling was what got me going into fitness properly. Um, the only thing I could do was get on a bike and being bent forward stretched my spine and it took the pain away. So it was almost like being on a bike was comfortable, whereas sitting on a sofa was painful. And so it went from there to, you know, here in Dubai, if you ride a bike a lot, you're going around a lot of kind of like sand views, there's not really much else to see on these paths out in Al Qudra and stuff like that. And so it's like it gets boring. And so what do you do? Do something else and say, Oh, I'll go to the gym. And and like anybody that goes to the gym, you know, the first probably three weeks of going to a gym is awful for anybody starting out, you know, you don't see any benefits, it's just a you know, a slog, a labour of love and whatnot, until after three weeks, you start to feel like you belong a little bit more and and you know what you're doing, you're familiar, and um, and maybe you start to feel a bit more stronger and fitter than you did before. And I mean, do you find it makes a difference for you in all the other aspects of your life? So if you if I was to come here today, so we're here midday yet or 11 o'clock to do this. If I was to come today without going to the gym, I'm 20 to 30 percent at least worse in terms of my energy, in terms of my focus, my enthusiasm. Um, and it's exactly the same with my work. You know, I once I get back from the gym, I have a shower and I'm ready to go at 6.45. Now that seems mad for a lot of people, but I get so much done between 6.45 and 9 a.m. that I've I've I've completed like all of my operational admin type functions by then. And so, yeah, and it feels good. There's something, there's something that makes me feel good about that. My wife's a great example, and other people I know as well. Some people are really creative around midnight. They're really creative and they're alive, and you know, they're they're in they're in a really good place. I'm not at midnight, I'm a zombie. But my wife, she's she'll she's look at me and I'm like, babe, it's like 10:30, should we go to bed? She's like, what do you want to go to bed so early for? And I'm like, Hun, it's 10.30, you know, we'll be asleep by 11. I get up at 4:30, that's five and a half hours sleep. And uh, she's like, Yeah, go on your own. And she'll sit there and she'll be on the phone chatting to people at one o'clock in the morning because and doing stuff with her colleagues from work, all because that's that's that kind of time that they feel best. I think what you must do is whatever time you get up, you must do some exercise. That's all I think. So if you wake up at nine o'clock every day, you know, even if it's go for a walk, okay, do some form of exercise because I think it's better for you psychologically and emotionally, and obviously physically, if you do that, I think.

What Inflation Really Does

SPEAKER_00 6:06

But inflation's uh obviously something that is is on the tip of everyone's tongue. Inflation is something that we've probably all almost felt immune to in the old days because it was something something that happened in you know those countries over there, but you know, it it's it's something everybody's feeling everywhere. Can you give me your, I guess, your your five five-minute viewpoint on how have we gotten to where we've gotten to? And I mean, what you know, what is the answer?

SPEAKER_01 6:27

Okay, so there's there's there's a couple of points to it, but I think my my first experience with inflation was when I lived in Brazil in 1996. Brazil had just come out of hyperinflation where the price of a loaf of bread was adjusted three times a day in a supermarket. Three times a day. With uh, you know, like the guns with the price in before they had barcodes, three times a day the price would go up. And when you got paid your salary at the end of the month, your your objective, the moment you got paid, was to spend all of it because everything was going down in value in front of your eyes. Were you getting a higher salary month on month, or was your salary always staying the same? Yeah, it all depended. Salary was the same. Interest rates in the bank were 140%. So it was an environment where I noticed that everybody became very aware of numbers, calculations, and became very switched onto numbers very quickly. So being in that environment and watching that, that was like a massive extreme. I understood then what inflation really meant. When you look at inflation now, there's a lot of people out there that want to poo-poo what inflation is. And at the end of the day, it's really simple to understand. If you've got£100 in a bank account, at the end of 12 months, if that bank account's not making any interest, then the spending power of that£100 is less. It's less, it's£93 or 90 92 pounds. But people still see the£100. So don't go, oh, I've got 92 pounds, I've still got£100. It's like, well, you haven't because it can't buy as much. So what you've got to do is say, what am I gonna spend the£100 on? Groceries have gone up by 40 to 50%, eggs have gone up by 59% in the last 12 months, and people don't pay attention to that. That's that's how much more money it costs you to buy the things that you were buying a year ago. Interest rates in banks are low, the base rate of interest has gone up and up and up, and it's likely to continue to go up. But the the payment, the payment they're gonna give you on your money at best at the moment is around 4%. So you've got 4% and you've got inflation at 8%, then you've got a 4% differential. And people just want to turn a blind eye to this. But what you have is official figures and then real figures. Okay, official figures are we've kept inflation to 5% or 6% or 7%. That's just nonsense. Try and book a flight with an airline right now and look at the price it is right now compared to how it was 12 months ago. Airline flights are hugely expensive. Go and rent a car, go and get a hotel room in Dubai. When I first moved here 18 years ago, it cost 70 dirhams to fill my Range Rover up. 70 dirhams. Okay, you always had changed out of the money. And now it costs me, I don't know, 300 dirums or 250 dirums or whatever it is. Everything's gone up, everything's gone up, and people are just they're not understanding it. Now, what has caused inflation? So you can say there's been a there's been a problem because Russia has invaded Ukraine. That's not what caused inflation. Has there been a supply chain issue? Yes. Well, that then does a supply and demand issue. That means we can't get stuff, people want stuff, so they put the prices up because there's more demand than there is supply. That's not what causes inflation. What causes inflation is taking the value of a currency and having a government that's allowed to print as much of it as they want. That's how inflation is caused. So when you have something that's valued, the dollar, which was the gold standard once, it's not the gold standard anymore. The government in America is allowed to print as much as they want. The more they print, the more they devalue a currency. Now, you've seen this in uh Zimbabwe, you've seen this in Nigeria, you've seen this in many many countries of Brazil, okay? You see it in Argentina at the moment. You know, in these more developing countries, you see this constant need to print money up because of corrupt officials wanting to take some money out of the pipe, or whatever it is, debts need to be paid, and the currency then is devalued. That's what you have with inflation. You have a devalue. The money is worth less. And so the cost of that has to go up. The interest rates have to go up to try and bring more value to it. Because if there's no interest being paid on pounds, who wants to buy pounds? But if there's 10% interest being paid on pounds, who wants to buy pounds? Lots of people do. And so that's why they do it. And so for me, when you when you look at inflation, it's important to take a really, really deep understanding of it and how it impacts your life. You've noticed it. Everybody else, funnily enough, notices it. Everyone says, you know what, going to the cinema costs more money now. Or yeah, going to the supermarket. I used to pay a thousand durings a week, now I'm paying 1500 durings a week. Oh, you know what? When I fill up the petrol, like I just did, well, when I go to the Mortal Democrats, everyone says that very flippantly, but yet they still leave their money in a bank account at 2%. And it's like, why would you do that?

SPEAKER_00 10:46

So, how how do we reverse it in real terms? I mean, if it's, I don't want to oversimplify it because I guess it's not that it's not simple, but if it's as simple as the fact that government's printing money is what causes inflation, you know, how how how do we reverse it?

SPEAKER_01 11:02

You don't. The man on the street doesn't. What the man on the street has to do is to find a way to get more income from his money than inflation. So if inflation is at 7%, let's say, how can I get more than 7% on my money? Leaving it in the bank's not going to do that. Okay, I've got to essentially invest it. And so what do I invest it in that can give me a yield that's a bigger than 7% yield? So let's say it's 10%, so I can net down a 3% gain. That's how I, as an individual, fight inflation.

SPEAKER_00 11:29

Okay, but then how how can a government or you know, if if you know society wants to uh either reverse inflation or improve inflation, how how can that happen?

Debt Austerity And Broken Incentives

SPEAKER_01 11:38

Well, what governments do is they put interest rates up by putting interest rates up, that means that their currency becomes more attractive. Okay, becoming more attractive means more people buy that currency. More people buy that currency, that then slows inflation down. That's what has to happen, and that's why interest rates are going up. Governments need people to buy the dollar, the pound, the euro, whatever it is. And you see that. If you go to any country in the world where the currency is on the floor because of inflation, you see interest rates outrageous. Go to Egypt, that's not far from us. Interest rates are really high at the moment. Last week the Egyptian pound lost 15% against the dollar. And so if you put your money in a bank account in Egypt, you'll get 25-30% interest on it in a bank account. So on the surface of it, you you know, the average person go, I better buy Egyptian currency. I get 30% a year on that. But in real terms, that's not what you're getting.

SPEAKER_00 12:23

Let's just move it, move this slightly away from inflation onto you know government debt, knackered economies. And I want to get your view on this because I I I have a let's say it's not so much a theory but an analogy. So obviously I spent I spend you know all my days dealing with businesses who want to borrow money, and most of the businesses I deal with are impaired in some way. Be polite to them. But what what you what you tend what you tend to find in in all of these knacker businesses is that there's there's some decent underlying fundamentals, you know, there's there's there's some income, there's some customers, there's some profitability, but you know, it's saddled in some way, shape, or form by too many, do by too many legacy issues. And and I guess as an as an analogy, you know, that's what I would compare now to so many countries, so many countries, you know, if let's you use it, use England, we're both from there, but we're just utterly saddled, saddled by debt. And people go, well, when's it going to end? When's it gonna end? How does it ever end? Because you know, these countries are printing so much money and and creating so much debt that they can never ever fix that deficit in any generational lifetimes. Or am I talking absolute problems?

SPEAKER_01 13:24

No, you're not talking wrong at all, but let's let's let's take that knackered company. How did that knackered company get knackered? Probably because the leadership was wrong.

SPEAKER_00 13:31

Wrong people running, yeah.

SPEAKER_01 13:32

So the wrong people running the business. So what have you got to do? You've got to take those people out of the business, or you've got to retrain those people. Now, imagine you didn't bankrupt that business, and you and I went in and we jumped into that business and we said, right, we've got a big hole here, okay? Yeah, we can go insolvent, or we can fight. All right.

SPEAKER_00 13:48

But some holes are too big to fill though, aren't they?

SPEAKER_01 13:50

Well, let's take the knackered business as an example. And we go and we fight and we turn it around and we reduce the debt from nine million to eight million to seven million to six million because we've been really smart about it. Okay, we cut costs, okay. We're very careful, we boost revenues coming in, we're careful about how the money's spent, all of this kind of stuff that great businesses have got. When you look at any country and take the UK as your example, you have this big debt, okay, and the only way to get rid of that debt is austerity. That's the only way because it's a debt. You can't write the debt off. You can't become a bankrupt country, the UK can't do this. So that that that insolvency isn't then an option. So what's the only other option? It's to say, let's stop spending money, just like a business. And when I when I when I go around the world to different countries I've lived in, all I do is I walk around the country and I'm like and I look at the country and I go, badly run business. I look at it and I'm like, the natural resources here, badly run business. I take Nigeria, where I lived as a kid. Nigeria has got some of the most high-quality, easily accessible oil that exists anywhere on the planet. It's in the swamps, not far from the land, okay? So this oil is there. It should be one of the richest countries in the world because of its natural resources, but it's not, okay, badly run business. Now, how do you solve those problems? Well, Nigeria is corrupt from top to bottom, visibly, and we all talk about it. And we say, if there was no corruption there, then guess what? We could solve this problem. The UK is just as corrupt as Nigeria, except it's a bit under the table. And so that corruption that exists, why do people want to become Prime Minister? Do they want to change the country or do they want some call, you know, we just saw Theresa May's pay statements for the speaking gigs that she does now. She's being paid but 2.3 million a year to speak. Oh, really? Okay. Theresa May, she was, you know, how much does Barack Obama get paid to speak? You know, they get sat on the boards of these companies, they're able to lobby and influence in government and yada yada yada. Why did you and I we not want to become a politician? Because when we were young, we looked at and thought, who would want to do that job? But there are people out there that see the long game, and the long game is to be able to be, you know, for their own lives, okay, have that future, power and control. What does a guy that runs a business, that owns a business, and grows a business, a lot of time it's power and control? So when I look at it, I'm like, until you're prepared to make really tough decisions, like really tough decisions that piss everyone off if they have to, and everyone has to leave if that's the only way to live with it, then you're gonna carry on creating further and further debt. Our business, we'd have to maybe fire half the staff. Maybe we'd upset the other half because they don't get lunch hours and they've got to work seven days a week now. We'd have to deal with that. Maybe we then have to recruit new people in. Well, the UK doesn't have the ability to do that. The only way it can do it is gently use austerity as its tool and make sure that the people that are actually managing the country are number crunches. Because it's a checks and balances thing, isn't it? Just like insolvency and growth and profit and all that kind of stuff. You have an IPO, it's checks and balances.

SPEAKER_00 16:57

But do you think any any of them, and I'm completely completely with you, and I guess, you know, I I agree, yes, you can't bankrupt a company. I'm as a country, I'm just I guess I'm putting my my two concepts of of what's what. So I totally totally agree with everything you're saying. But is it ever feasible that it does happen? Because even if you find a politician that you think has got the legs to do it, the reality, the reality is there's probably so many hoops, etc., they've got to jump through and only soak with such a period of time that they've got to do it in.

Podcast To Human Trafficking Documentary

SPEAKER_01 17:24

Well, countries have gone bankrupt. Countries have gone bankrupt. Argentina went bankrupt. I remember when I was living down there, you could have a peso or you could have a dollar in your bank account, and they were exactly the same. And overnight, one, and it didn't matter. So let's say you had dollars and I had pesos, we had the same spending power every day. Overnight, the bank devalued the peso by 50%. So now it was two pesos to one dollar. So I had all my money in pesos, I got a thousand pounds in my bank account. You got so thousand pesos, you got a thousand dollars. I've now got five hundred dollars worth of pesos. That happened overnight. Countries go bankrupt when they default on debt. Okay, Brady bonds were introduced in Latin America many years ago, high interest loans, and Brady bonds work for high risk lending. If you take Zimbabwe, Zimbabwe went bankrupt. Nobody buys anything in Zimbabwe dollars now. They buy it in US dollars. The currency became literally not worth having. I've I think I've got a 17 billion Zimbabwe dollar note at home somewhere, which is like three, three quid or three pence or something nonsense. Countries, countries have done, you know, and if you look at these countries, you see South Africa's going that way as well. You look at these countries and you understand what's happening, it's really sad because most people have no influence to be able to make any change. And sometimes it needs an uprising, sometimes it needs uh a war, sometimes it needs uh the people just going enough for something to happen. But individually, we're just all pawns, aren't we?

SPEAKER_00 18:55

So you mentioned a minute ago about uh when you were um uh making your human human trafficking documentary, and I know I've seen on social, you've done a bit of that stuff lately, and you've got your own podcast as well. Just tell me a bit about, I guess, you know, where where that came from, how long you've been doing it for.

SPEAKER_01 19:10

So I think that uh look, it's all everything stemmed from the podcast. So in in it, I'll tell I'll tell the story. I interview a guy on the podcast who has a TV show on Netflix called The Kindness Diaries. He's a guy called Leo Logos, Leon Logothetis. Leon comes from the fifth richest family in Greece. He's British but Greek shipping family. Billionaires. He's the only one in the family that doesn't work for the family business. He made this TV show where he was he was inspired by the motorcycle diaries, which was a movie many years ago. Traveled around the world on a motorbike, relying on the kindness of others. So he could accept food, he could accept shelter, and he could accept fuel for his motorbike, but he couldn't accept money. And when he experienced an extreme act of kindness, he decided to give them a life-changing gift as repayment. And that life-changing gift was truly for that person a life-changing gift. Because he believes the world inherently is kind, and he wanted to demonstrate that. I loved the TV show. I got him on the podcast, he told me about it, and at the end of the podcast, I literally was sat just like you and I are right now. I said, I'm a bit jealous of you. He's like, Why? I'm like, because you got a TV show and I don't. And um, he said, Well, how can I help you with that? I was like, What do you mean? He said, Well, if you want a TV show, you can have one. He said, just needs a bit of planning. And I'd never in my brain ever, ever thought, computed that I could ever have a TV show. And so every he's in LA, every Saturday morning, Friday night, his time, he gave me an hour for six weeks. And he said, Let's brainstorm. He said, if you can make the hairs on my arm stand up, I'll help you make a TV show. So the first chat we had, you know, we went through different ideas and whatnot, and he said, Look, let's think about what's important in the world at the moment, let's think about sustainability. And they and slowly over the about four weeks, they come up with the guts of a show based around who I am and what I can do and stuff like that. And but I I got to the end of it and I'm like, but that's not what I want to make a TV show about. And I just met a guy who won the Nobel Peace Prize called Kailash Satiati, who saved 80,000 children out of child slave labour in India. And I watched the movie, and then I met him in Divine at the Capital Club, and he told his story, and I was really moved by him. And I'm like, that I want to talk about that. And so I then went back to them. I said, look, this is my idea, this is what I want to do, human trafficking really care about, da da da da da da. And they're like, okay, fine, so then you need to, you know, work on that. And then from then was the embryo of a TV show. And we looked at that, we then found the people that were heroes. I employed a research team to start researching people, and then we started to film. And we created this documentary, which is about three women that have done remarkable work to save children from human trafficking at child slave labor. And that was the journey that we went on, and that was the TV show, and it and it's changed my life.

SPEAKER_00 22:00

About my life changing, and you say that uh the show came off your podcast. How long have you been doing the podcast now? And uh what what made you start doing that?

Podcasting For Credibility And Deals

SPEAKER_01 22:06

So, four years ago I started, didn't want to do it. Someone persuaded me to do it. Um, we're 230, 40 episodes in. We've done one a week every week for the last four years. Um, and it's been it's just been such a remarkable experience because just like you, you know, you and I both sat here right now, but you get to meet really interesting people, you learn their stories, you build relationships, you build connections, and all of that kind of stuff is really good for it's really good for me because you can become very insular with just your crowd, your community, the people you work with, the people you socialise with. And the podcast has just opened up this whole world of people to me that I didn't even know existed. Um, and also giving me access to people that maybe my heroes a little bit as well, you know, Tony Robbins and stuff along the way.

SPEAKER_00 22:48

People always used to say to me, Well, why do you do it? What'd you get out of it? And I always used to say that I can't, you know, over-emphasise enough how even if not one single person ever listened to it or not one single person ever watched it, the relationships that I get to make, you know, from the people I get to meet, or the opportunities it gives me, or the say, you know, perception of credibility when walking into business just you know cannot be overstressed. And I I really could not you know recommend enough a podcast for anyone. Two things to that.

SPEAKER_01 23:14

Ken Rikowski did the first ever podcast in 1996. Okay, came on my show and he said to me, How many listeners do you think you need? And I was like, uh I don't know, let we just talk to various numbers. He goes, You don't need any. He goes, You don't need any. He goes, think of think of a podcast as a prospecting tool. He said, Imagine you wanted to do business with 10 of the biggest XYZ industry companies here in Dubai, and you just invited the CEO of each of those companies onto your show to come and share their story and inspire your audience. You're gonna have an hour, maybe an hour and a half with that person, you're gonna have a cup of tea, a cup of coffee afterwards or before. And I guarantee you, four weeks after that podcast episode is released, you call him and say, the episode's out now, people really love it. Thank you so much for coming on and inspiring everybody. I've got a couple of questions. Can I have a coffee, please? That person is gonna say yes to you. He said, So, as a prospecting tool, you then go out and you see ten of your ideal prospects, whoever they may be, what a great way to do business. And at that moment, I was like, Ah, okay, I see why he started it. He's done 20,000 interviews now.

SPEAKER_00 24:17

Really? But that's that's another way, I guess, you know, another avenue of looking at podcasts as well, of the ability, how easy it is to create mass amounts of content, you know, not too complicated. I mean, again, going back to what we talked about earlier about, you know, not putting quality over, sorry, not putting quantity over quality and producing absolute shit. But you know, as long as long as you've got the you know the basics of what you're doing, you know, it it's it's so easy to get to get vast amounts of content out there. And I don't think, you know, other business owners, whether it's you know for their business or for a CEO as a personal brand, I really do think that they they overthink it and over over worry about how how complicated it is and all the excuses that get in the way of doing it. It doesn't matter how much preparation you do, your first one's gonna be shit, your tenth one's gonna be awful, you know, and and and it's probably by number 45 or 50 that you know that you're actually starting to get bearable. But it really is just so so so easy to get uh you're to get to that kind of number. Yeah, mate.

SPEAKER_01 25:13

Everyone's full of excuses, aren't they? All these people that don't do this kind of stuff are full of excuses, and and you know that as well as I do. Um, you just have to like with everything, you just gotta start, you've just got to try, and it doesn't cost a fortune. You can do your first episode on your phone. And yes, you're gonna be shit at first, but everybody is, so you're not you know you're not special, you know. Everybody is. I look at my first ever videos that I made, and and I when I made them, I was like, they're amazing. I literally made them. I look back and I'm like, Yeah, you've you've got this bet. And I look at them now and I'm like, what was I thinking?

SPEAKER_00 25:45

I remember at my at the time I first did mine. I mean, I couldn't even watch them. I mean, I didn't look back at them and go, oh, they look amazing. I mean, I used to have to give them to someone else to say, you just edit them as you see fit because I can't even bring myself to watch myself. And then I then I probably got to a stage where I thought, no, no, I can I can watch it, it's tolerable. I can I can uh I can make a few improvements. And uh, you know, then you get to a stage where you think, oh, actually, actually, you know, I don't know whether I've thought I've got good or I've just become immune to how bad I got. But but I can I can actually sit uh I can actually sit there watching it now.

unknown 26:15

You've got this.

Where To Find Spencer And Matt

SPEAKER_00 26:18

Well listen, Spencer, I'm conscious that it must be almost your bedtime given that you've been given that you've been up since four o'clock. Yeah, I'll go and have I'll have my glass of it when I get tucked in. But listen, thanks a lot for being here, buddy. Where can people find you? Where can people uh you know follow your content?

SPEAKER_01 26:32

Well, unfortunately, or fortunately, my name sounds like an old people's home, so it's easy not to forget it. And uh and having a name like that, you and you you've only got to go out and find on social media Spencer.logge on Insta, but the Spencer Lodge podcast, it's all the same. But if anybody wants to go and enjoy the content, then it's there on YouTube as well.

SPEAKER_00 26:48

But yeah, go just go go go hunt. Perfect, thanks a lot. And as always, I am the Matt Haycox, that's T H E M A T T H A Y C O X on all things social. So until next time, thank you very much.