Gary Stevenson’s blunt money advice: 'Have a rich dad' | LBC

Gary Stevenson admits to James O'Brien he struggles with what advice to give young people on the reality of making money in today's climate. #lbc #garystevenson #economy #ukpolitics #trading #jamesobrien

[tidjoetidjoe-ii]

i know tate hates books, but I got recommended from someone on tates old hustlers group about a book ‘The Wealth Glitch: Cracking the Money Code’ and its honestly life-changing

[DeandreIrving-jk]

The fact that nobody talks about the forbidden book The Wealth Glitch: Cracking the Money Code speaks volumes about how people are stuck in a trance

[guyremon]

In 1980 the average house price was 3x the average wage. Now it is 8x.

People saying that you just need to work harder are being dense. Working harder won’t solve that problem.

[circleseven]

There are other routes to getting rich than having a rich dad. In my case I married a woman who has a rich dad. Sometimes you’ve got to think outside the box x

[NigelAndTommyAreGrifters]

Don’t understand people slating Gary and defending the billionaires and multi millionaires that are resource and wealth hoarding in turn demolishing the working and middle class. Everyone should be able to afford the basic necessities and shelter in the world’s 6th richest country. This was the case 30 years ago but has long gone.

[ItsMeBenson]

Gary is one of the few people who is out there speaking the honest truth. Can’t understand why people disagree with him, do you want to own a home or rent from a multi-national private equity firm all your lives? Choice is yours

[kiljaeden]

The last flat we rented was bought by the landlord in the mid nineties for £65k

The average salary was about £15k in 1995.

Another flat in that building recently sold for around £450k. The current average salary is around £37k which I would argue is skewed by a few very high earners.

That property has supposedly increased in value by around 7x. The average salary has done a 2.5x.

"Younger people just need to work harder and eat less avocado toast" is the joke of the decade.

[maryc]

To have a rich Dad that also doesn't abandon his kids, that's even more rare.

[riggsmartins]

While waiting for my flight, I overheard two travelers discussing their past financial struggles. Their stories caught my attention, so I asked, “What changed things for you?”

[TCJones]

We need to ban foreign home ownership, my mate lives in Salford, 6 years ago he was on the fence about buying a flat for 310k, I pushed him to do it saying they where not going to get nay cheaper, I saw him the other day and the same flat 6 years later is now worth 500k!

As there is no more gains in London, so "London" money is now flowing into Salford and Manchester and beyond, my sister went to look at home in New Brighton for 130k she and one other where 1st time buyers and 17 HMO companies from down south looking to expand, the house went for way over the asking price as an extra 30k is nothing for "London" money and they all had a bidding war, and my sister still has to live with my mum and dad...

[TheStevonz]

It must be a nightmare being a teen nowdays

[samwilsamwil-prso]

House prices to wages are at their biggest discrepancy since the battle of f*cking waterloo

[C.u.d.s]

It’s EXTREMELY common for people to have multiple jobs just to rent in the US.

[hago]

I put myself through an access course to higher education in London 2008. No finamcial support from my family or the government because I had only moved to the UK prior. Working full time living in what essentially was a breeding ground for pidgons. It was hard but I pulled through. Went back to London in 2018 on a holiday as I had left the UK in 2014. Walking through Hackney and talking to ppl I realised there is no way anyone could do what I did. Gave me a massive panic attack. It was the firsf time I truely realised how much circumstance and your environment are ultimately 80% of everything

[alanpartridge]

Your advice should have been:

1. Lower your expectations. You aren't a "billionaire in waiting".

2. Set realistic targets. If you want to buy a house, you'll need to save up a deposit for a small flat first and then work your way up. It's hard. Nothing about saving is easy or exciting, but it's the only way you'll get what you want.

3. You aren't defined by what you buy. Buy less and don't worry about what other people have that you don't.

4. Realise you're in an ultramarathon not a sprint. Despite what people on social media tell you, you won't get rich quickly. Get the basics right now, and decades later it'll pay off.

5. True happiness isn't buying the latest iPhone, it's freeing yourself from as much worry as you can by having a bit of savings built up, no matter how big or small.

[robertreader]

Try telling them you don't have to be rich. That's the issue. Influencers make people think they need the world. Get a loving family that's what counts.

[jenolson]

When I was one year old in 1970 my parents bought their house for 25k. In 2025 the same house is worth almost 450k.

It’s not as easy for younger generations and older generations act like they did something amazing other than just be born at the correct time.

[craigoneill]

Best chance you have now is saying or doing something dumb enough it goes viral and you get rich through that

[ThatAnnoyingStepdad]

You tell them to sell courses on how to get rich

[georgeKoop-tq]

The idea behind the ebook The Wealth Glitch: Cracking the Money Code really blew my mind. It’s like stumbling upon a hidden shortcut to financial abundance.