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Truth and Transcendence, brought to you by being Space with Catherine Llewellyn.
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Truth and Transcendence, episode 156, with special guest Neil Philbrook.
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Now, if you haven't come across Neil, he's the group CEO of BB Merchant Services, which is formerly known as Bank Brokers Group.
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He's a former senior international banker for one of the world's largest banking organizations, with postings across Europe and Asia.
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He's an entrepreneur, an investor, a fellow of the Chartered Insurance Institute and an all-round nice guy and family man.
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So I actually invited Neil, who I've known sort of peripherally for many years, and we've got some who I've known sort of peripherally for many years, and we've got some close friends in common.
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Neil has actually managed to craft a life where the professional and the personal are interwoven beautifully, or they seem to be looking in from outside, and to me this is always a delight to see, and I think Neil's someone we could all learn from, and I think Neil's someone we could all learn from.
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When I asked him how he actually does this, he said by overcoming fear.
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So overcoming fear is our theme for today and I actually think overcoming fear is a really useful theme for any of us at any time, but particularly at the moment when things are so volatile and unpredictable.
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There are so many things going on that we can very easily be upset about or frightened about or confused about that overcoming fear and I don't mean denying fear or suppressing fear, I mean overcoming it, transcending it, if you like, I think is relevant.
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So without further ado, neil, I'm just delighted you were able to come on the show.
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Thank you so much for joining me good morning, catherine.
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Thank you very much for inviting me and it's lovely for someone to say good morning to me when it is the morning here and it's the morning for you.
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I have so many people who say um good morning, catherine.
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It's five o'clock in the afternoon over here.
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With this um global interactions that we all have now.
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I assume you have global interactions in your work as well.
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Definitely, yeah, absolutely.
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Just back from the States and still trying to get used to the different time zones, and even within the States there's multiple time zones, so it takes a few days just to remember which time zone you're in.
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Well, exactly, and there are some states that have more than one time zone in the same state, aren't they incredible?
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It's even more confusing, and don't get me started about australia.
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So, um, neil, overcoming fear.
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I know this is something that's been present for you your life, so would you like to share with us your memory of the first time that you really noticed that overcoming fear was important to you?
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That is a great question and there's some on the personal side and there's some on the work side and I kind of I don't know where to begin with this, but I guess probably one of the big career ones.
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Let's start with the career, first of all.
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I had a normal sort of corporate career with one of the largest banks in the world and, yeah, lots of different roles with that organization.
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But the one that created fear that I had to overcome was when I was responsible for the sales of the retail bank, and this is a large organization.
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There were 23,000 plus people selling various products.
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There were 23,000 plus people selling various products and every Monday at 2 o'clock, catherine, 2 o'clock on the dot, I would be hauled into the boardroom to give an update on the entire bank, retail bank's results for the prior week.
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And you think, well, that doesn't sound too bad, neil, but let me just explain it.
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Me give you some context.
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Okay, this forum, um was the main sort of update of the week.
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It had all the executives, all the executives, not the non-execs but the execs and then all their sort of teams and then all the sort of underlings and the whole thing was videoed.
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Um, the pack of information was all color-coded so it was really easy to zoom in on any poor performance of any channel, any part of the country, any product.
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Um, it was just, it was all sort of.
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It was called the sales and trading forum and it was an epic forum.
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It got to be, uh, like, I guess, the equivalent of the gladiators of old, in that it was a coliseum shaped room and you would have multiple layers of people all coming for the sport of watching myself and the others having to sort of account for the you know, the company's before the bank's performance in the prior week.
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So it was hugely intimidating.
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And at the very beginning, catherine, I think you sort of started to get to know me a little bit and I'm quite sort of relaxed and I like to sort of, you know, have fun with everything in life.
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But this was a serious forum, so my banter in the early days was, you know, almost knocked out of me.
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So the Sunday night, feeling, you know, sort of going to bed on a Sunday night realizing I was going to have to do my you know my Monday morning five-hour commute, two and a half hours each way to go up to this forum to read very early in the morning.
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The data to try and understand, interpret the data.
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And the data didn't just compare to the previous week, it compared to the same week in the previous month, the same week in the previous year and, like I said, everything was color-coded.
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so if you imagine, you know, sometimes I wake up with the horror of a sheet in covered entirely in red, knowing that on camera I was then going to have to explain those results, you know, um to some pretty intricate, you know, targeted questions to a senior audience, and that was.
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I did that for four years.
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It was death by a thousand cuts, catherine.
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Oh, honestly, and when were you actually given the pack of data?
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When did you have the pack of data in your possession?
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It would usually arrive as I was on the train.
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I'd usually get a train at 5.50 in the morning and you know, somewhere on that commute, commute it would arrive.
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And if I had enough shoulder space to to get on my blackberry, as it was then, to try and sort of open it up and have a quick look, and literally, if it was a sea of red, you know my heart would sink.
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And even if it was a, you know, a sea of positive news, not not red, so looking black, um, you know, then you have to kind of prepare yourself.
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That is this week, you know, was it?
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Because, I don't know, the same week last year was only a four-day week and this is a five-day week because, even everything looking good, if somebody in the audience could find fault or flaw, you can guarantee they'd be looking to to raise it.
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It just seemed to be a sport um yeah, so that was it.
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So I'd learn early in the morning get in.
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My whole team would be sort of rallying around to try and arm me.
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It's like the talking points.
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If you were the white house spokesman, I used to think at times.
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You know, you're having to sort of prepare for every possible scenario, which of course you can't, and basically you had to overcome your fear.
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Um, because in that forum if you went in there like a frightened mouse then you would just be chopped up and spat out.
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So I had to project bravado, even on some of the weeks that were horrific, and often muddle through because nobody gave me a chance to do everything.
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Catherine.
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Oh my God.
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So you didn't even have a chance to sit and mull over the data and get a good night's sleep and be prepared morning you were receiving the data whilst on the train, where you're already exhausted.
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Yes and then.
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And so how did you actually manage to overcome the fear in that in those situations?
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yeah, one aspect was the team, because I had a fabulous team.
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I surrounded myself with people who were positive, high energy, always wanting to to, you know, to help and to kind of look after me, to protect me.
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So I had a really, really loyal, friendly team and I kind of picked those sort of people and surrounding myself with people who would lift my energy and help me, and I think that's always good advice to anybody surround yourself with good people in life.
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It's such an obvious uh point to make, but just don't have any mood hoovers anywhere near you.
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If you can help it, it just doesn't hoovers?
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I love that yeah, I picked that up from a former ceo of midland bank.
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Actually, he used to use that all the all the time and I just thought it's.
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It stuck with me for many years.
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That's a really good description.
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Yeah, mood hoovers anywhere near you have people that will lift you, give you energy, and then the other thing is just to suck it up.
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You know, if you know that you're going to go into the coliseum and you know people are going to be trying to slay you and there'll be animals sort of attacking and you know um, you know crowd jeering hoping for a fall, or you know a bit of blood.
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It is a blood sport.
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I guess you could argue.
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You know, you kind of just got to suck it up and say, well, I'm not going to let that, you know, get to me.
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You know, flap your cheeks, shake yourself down, as I used to do before going into the forum, and then I'd always try and use a bit of humor to try and lighten the mood and sometimes that worked.
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But, as you can imagine, we actually went through the financial crisis in 2008.
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And you know that that was right in the middle of the four years when I was giving these updates.
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So I saw um, you know, I saw the world's banking crisis right from the inside, working for the world's largest bank at the time and, uh, you know, dealing with, well, everything sort of spilled out of that and uh, yeah, I've learned so many lessons from from that experience.
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But, uh, a break place and a little joke and surround yourself with positive people and you can get through anything.
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Catherine the first you know, I'll admit even the four, four years in before I eventually um moved countries um whilst I was still there doing that role, even the very last day that I did it, there were intense butterflies and nerves, but you just have to kind of swallow those down, put a brave face on it, be as prepared as you possibly can be, and then step into the auditorium.
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Yeah, and you also mentioned there shaking yourself down, I think that's.
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Do you mean like physically, shaking yourself down Physically and if I was walking with other people I wouldn't start slapping my face and shaking my arms.
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But in my mind I've been talking and perhaps I'd zone out in the last few seconds as we went into the auditorium but I was kind of, yeah, just getting myself psychologically prepared for battle, yeah, I think that term shaking yourself down so even if you're doing that physically, I know can be very helpful, because fear is is felt in the body and it's held in the body, isn't it?
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and if it's stuck, then it's that's when it can have the greatest hold over you.
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But shaking the body out can actually make it start moving around and lose its hold, and there's all sorts of other energy going on inside you as well as the fear, isn't there?
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Yes.
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Not just all fear, it's just, that's the one that is most evident in that moment, is the most presenting feeling in that moment.
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People get crippled by it.
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But as I stepped across the threshold into the room, I would always force myself to just put a block across that fear which is still there, it present, and then just put a big smile on and see people in the room you know a bit of banter and chat about how they are and their family, just trying to create a bit of a bit of lightness, um, and having compartmentalized the area that was was fear, um, and then just project the, the positive energy.
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And it'd be interesting to know I don don't know I've never asked the question but how many of the people and often there'd be over 100 people crammed into the room in the sort of spectator seats and obviously all the people that would watch it on video subsequently.
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I don't know how many of them thought, because I'm quite confident and I project confidence how many would know the sort of terror and fear that being in that sort of forum, being held account accountable for the results of, you know retail bank um, you know sales performance, how much of um, yeah, well, how well I did, and how you know I knew it was underneath.
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I don't know yeah, yeah, yeah.
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Well, I imagine some of those people would have been in equivalent situations themselves in the past.
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So for some of those people would have been in equivalent situations themselves in the past.
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So for some of them they would have memories of that, whether or not they try and suppress those memories, who knows?
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But also, it comes down to empathy, doesn't it?
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I mean, some people have more empathy than others, and I would have thought anyone with any empathy would be able to realize that you might not be just purely having a lot of fun doing this.
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It might actually be a bit fearful and a bit of a challenge, but I think people outside these organizations often have no idea of what goes on inside in terms of those incredibly challenging.
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You know, that's an emotionally and psychologically challenging situation for somebody and it takes quite a lot of fortitude to keep doing it with good humour.
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You know, I think some people go into those situations if they're experiencing fear and deal with it by going in hostile, and you've probably seen people do that, haven't you?
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Yeah, and that really doesn't work.
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No, it doesn't.
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It really doesn't, but it's like an offensive-defensive strategy, isn't it?
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Yes, it is.
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But you went in with goodwill, so you weren't sort of going in and saying you've put me in this situation.
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You are inflicting this fear upon me.
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I hate you no no, no you can never stop doing that yeah, yeah, do you know what?
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I went to my first um baseball match a couple of weeks ago in new york new york yankees never been before, and it reminded me of this forum.
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There was a split second where I looked around the ground and most people are just eating hot dogs, you know, these giant cokes and popcorn, and that's kind of what I felt.
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It worked.
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For many people I think it was a sport to be able to sit there and listen and watch and they were just enjoying it and the more sort of banter and sparring and you know um humor or, like I said, if it was really, you know if I was on the ropes or something.
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I think they quite enjoyed it.
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It was like watching a a baseball match.
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But I've always looked back on that period of four years any monday when I'm having a great time in my life at two o'clock I always just think, gosh, I'm glad I'm not doing sales and trading had a big smile on my face because you survived I survived and I I'm probably better for it, katherine.
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I mean, if you can imagine that intense environment, I can.
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I can go into any form.
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There's no form you could throw me into that.
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I would feel out of my depth or, you know, would think was even difficult these days.
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Really, by comparison, I can't think of a worse environment than that yeah, so it strengthened you as well, and did you?
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did you?
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Um?
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I know you said you put a block in front of the fear.
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After you'd arrived, you put a block in front of the fear, um, were you still aware of it being there?
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And did it continue to be there all the way through, or did the fear start to abate after a bit?
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During the situation it wasn't all attacking blows, but but some people can't, can't help themselves.
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But anyway, once you get into that sort of forum, for me it was trying to help everybody in the room truly understand what the performance was, um, you know, and relative to last year and the previous week, in the previous month, but also what perhaps needed to happen.
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So you know you'd have the I don't know, I'll make an example.
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You know you'd have the person in charge of mortgages talking about, well, the mortgage sales in the bank haven't been good enough.
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Sort yourself out, philbert, sort the teams out.
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And I'd be thinking, well, maybe if we advertised and marketed the fact that we've got a great new rate on our mortgages, rather than having a picture of a goat in a tree or a Chinese dragon or an eel, you know, being transferred from one place, you know, maybe it would help us to sell.
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I don't know, it's a crazy idea, but um, so yeah, but in a non-confrontational way, trying to make those sort of uh, those gentle points in a balanced manner, and then listen to their perspective as well, because maybe you know, maybe you know a chinese dragon dancing around does conjure up, you know, cheap mortgages to people in britain.
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I don't know, but who?
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knows?
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Does it just remind you that the bank was started by pirates in hong kong?
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well, there we go.
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Is that really the message of your comment, athrin?
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That's your comment.
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It's a great bank and I won't hear it I was told that by people who work for the bank.
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So yeah, I know exactly.
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So it sounds like your attention shifted from your own sort of fear slash survival into a creative purpose for what you were there to do yes, I think that can be the pivot, can't it?
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because the fear is the other side of the, the passion to contribute something you know, and people have often said to me that you only experience fear if you are actually moving into a situation that is stretching you, yeah, which is a good thing.
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The moment you realise and for me it took a while that no one's really attacking me, it's not about me at all.
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It's not about me.
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I'm the vessel that is receiving the questions and the challenges of people, most of whom genuinely want to know what's going on and how it can be improved.
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And once you realise it's not about you and it's about trying to help that audience not be defensive about perhaps you know things that look, on the face of it, not not good enough, but to actually try and understand what is really happening and what we could do to make things better, then the fear disappears because it's not about you.
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Then you're just, you're just helping people and therefore your, you know what your role is positive and you know it's engaging and helpful and and actually, on balance, I think most people, um, you know, are sort of good people and most people see it that way and but certainly, letting go of the fear once you get going, once you've done it enough times, but the fear was always there, even that last day.
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Four years, four years of mondays, five commutes, dear me, you shake it off now, kathleen, I'm shaking it, I'm gonna shake it off.
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I'm empathizing with you over here, but I've had other conversations with people in the bank dealing about these sorts of not the same as yours, these sorts of challenging situations.
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So I hope the listeners have actually picked up that the people who work inside these big banks are not just sitting there eating doughnuts and drinking coffee and counting money.
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They are actually going through all sorts of… Neil is shaking his head sagely.
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No, it's not a picnic.
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I'll also say that the way you've described how you dealt with that in that situation suggests to me that you already had some capacity for overcoming fear before you went into that situation.
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Otherwise, I don't think you'd have been able to do that in the way that you did.
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So would you like to share the more personal example of when you first connected with overcoming fear?
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yeah, I, I was thinking of, um, I was thinking of one where I failed I think that's sometimes good to look at where I didn't necessarily overcome fear, and then perhaps others where I have.
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So, the one where I look and I think I I failed through fear to do something and I it doesn't happen anymore, by the way, it really doesn't.
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I've learned.
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But, um, my good friend and colleague, um, a gentleman called tom, uh, he and I have very, very good friends and we're working in bristol at uh sun alliance, as it were, naval sun alliance and uh, he said look, you know, I'm just going to take a year off, I'm going to go around australia and just just enjoy myself.
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You know, I've never done it, I've never taken a year off, I'm just going to do that.
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Why don't we do it?
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Best mates, we can go over there, we can just have a wild time together.
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And I was so serious about my career and myself.
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I was like I'm a trainee underwriter, I'm learning about insurance and I'm doing my professional qualifications.
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And you know, at the time I'd left school at 16 and I was taking a levels, evening classes that I was very serious about and it's all very, you know, very serious.
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And uh, even though this guy is such good fun he's one of my best friends in the world still, and he's a wild child, he and I would would have had a blast, and he did go on to have a blast um, I, uh, through fear, I kind of said, no, I'm just gonna stay here and, you know, do what I'm gonna do.
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And uh, um, and actually you know these these are some sliding door moments, because I then met my now wife, um, when, when tom went off to australia and I stayed in bristol and uh, you know, to fight the good fight in the insurance, and uh, and I ended up getting all my qualifications, I became a fellow of the Chartered Insurance Institute.
00:21:24.694 --> 00:21:26.211
I married my wife.
00:21:26.211 --> 00:21:32.556
We've got kids, you know, two beautiful kids and if I'd have gone, you know, would I have met Marie.
00:21:32.556 --> 00:21:40.848
So, I don't know, big sliding door moment, but there was fear and I gave into it but there was a happy ending.
00:21:40.910 --> 00:21:49.527
On that one I'm trying to think of, yeah, of other examples of fear where I've overcome it.
00:21:49.527 --> 00:21:51.749
Some are thrust in your face and you have to overcome them.
00:21:51.749 --> 00:21:52.710
There's two.
00:21:52.710 --> 00:21:56.653
I can think of One with the father-in-law when we were on holiday.
00:21:56.653 --> 00:22:06.609
We came out of a curry house, happy as Larry, and then he collapsed into my arms, having had having had a heart attack, um which we didn't realize, but you know, I just stepped into the road.
00:22:06.609 --> 00:22:09.672
The first car that was was there happened to be a taxi.
00:22:09.672 --> 00:22:17.497
We shoved him in the taxi and said to the hospital and, as it happens, the the hospital, um over in um, new York.
00:22:17.497 --> 00:22:26.513
It just happened to be like two minutes away, which was which, as it happened, saved his life.
00:22:26.513 --> 00:22:27.659
We dragged him in and he'd had a massive heart attack.
00:22:27.679 --> 00:22:40.574
And then the fear I had to overcome them was how to keep the family together, how to um help everybody, because the ladies his wife, um and marie and his daughter was there with my, my partner, um, they were dealing with.
00:22:40.574 --> 00:22:53.909
They couldn't eat, they couldn't drink, they couldn't move, they'd gone into complete meltdown whilst he was on the operating table and for the two weeks afterwards when he had a second heart attack after surgery.
00:22:53.909 --> 00:23:08.133
It was a terrible experience, but I had to overcome my fears of losing her we were so close and seeing what it was doing to to my wife and her mom and just just work through that fear and help them and get them through it.
00:23:08.133 --> 00:23:09.375
And we ended up.
00:23:09.375 --> 00:23:21.509
I would challenge them every morning to have a croissant and I would break it up into little bits, you know, and try and encourage them to to, you know, have this, uh croissant with a hot chocolate, to swill it down because they just weren't eating.
00:23:21.509 --> 00:23:27.535
They'd gone into, you know, shock, shock, shock and uh, yeah, that was an example.
00:23:28.096 --> 00:23:54.665
Um, and then, even closer to home, um, my daughter was very, very ill when she was little and she was nine months and she, she was on the life support machine for seven days and, overcoming that fear every day of my wife stayed in the hospital, I'd come home, keep things going at home and then come back in every day and trying to uh weather the storm of not knowing whether she'd survive that experience, helping my wife through that experience, being strong for the family and the wider family.
00:23:54.665 --> 00:24:01.628
They're all terrified seeing the girl in the bed next door, a girl named maizey, who did pass away, unfortunately.
00:24:01.628 --> 00:24:22.755
Um, during the time we were there, daisy fortunately survived and she now is a wonderful, healthy, beautiful, successful businesswoman in her own right, living over in Australia double degree, just absolutely thriving Whenever I see her now, when I look back to when she was nine months old.
00:24:22.755 --> 00:24:30.010
It's incredible what, what she she got through.
00:24:30.010 --> 00:24:30.794
But there's dealing with that fear.
00:24:30.794 --> 00:24:32.559
There's a huge fear when people around you are under threat.
00:24:32.619 --> 00:24:37.476
Yeah, and being able to manage through those situations is really, really, really tough.
00:24:37.476 --> 00:24:39.883
Yeah, they make you a better person.
00:24:39.883 --> 00:24:42.650
I don't want to ever go through those things again, but obviously we all do in our lives.
00:24:42.650 --> 00:24:45.615
Everybody listening to this will have had some similar experience.
00:24:45.615 --> 00:24:51.569
Um, some will have froze through the shock and some will have been able to sort of um sort of manage through it.
00:24:51.569 --> 00:25:03.444
And you know, I seem to, in times of crisis, I seem to be able to to manage those situations quite, quite well and get through them and help others through them, and then collapse afterwards.
00:25:03.945 --> 00:25:06.952
Yes, yes, because that is another thing that happens, isn't it?
00:25:06.952 --> 00:25:25.115
Where somebody really shows up in the moment to help deal with the crisis and they kind of put to one side their own need, their own vulnerability, temporarily, and then afterwards then they need some space and some time to actually process that.
00:25:25.115 --> 00:25:27.553
Yes, yeah, fantastic.
00:25:27.553 --> 00:25:29.840
So where did this, where did this faculty?
00:25:29.840 --> 00:25:30.502
And you come from?
00:25:30.502 --> 00:25:34.612
Do you think were your parents particularly good at overcoming fear?
00:25:35.393 --> 00:25:36.494
um, yeah, I think.
00:25:36.494 --> 00:25:38.925
So dad did two jobs, you know he did.
00:25:38.925 --> 00:25:46.919
He did his job and then he'd do a full, um second shift, so he would sort of double up every day and then come back absolutely exhausted.
00:25:46.919 --> 00:26:02.569
He was working for british rail and, uh, you know, just a true stalwart for the family, he'd work every hour god sent, come back, you know, make his way into, you know, to the bedroom to slap our legs if either of us have been naughty, my brother or I, which we invariably had.
00:26:02.569 --> 00:26:04.353
I didn't want to hear that.
00:26:04.353 --> 00:26:07.278
You know, 2 am when he got home after a double shift.
00:26:07.278 --> 00:26:10.548
But, um, he was a great dad, you know.
00:26:10.548 --> 00:26:13.796
Um, yeah, he worked through adversity, and my mom also.
00:26:13.796 --> 00:26:16.788
Just, you know, one of the strongest people I've ever met.
00:26:16.788 --> 00:26:20.296
Um, she went through, you know, two lots of cancer.
00:26:20.296 --> 00:26:31.512
Um, she was like a barmaid, so a hardworking individual, but she worked through accountancy exams, became a qualified accountant, worked for one of the big British building companies.
00:26:31.512 --> 00:26:36.675
But the two of them very humble, very sort of poor background, I guess.
00:26:37.625 --> 00:26:59.531
They always bonded together, they always fought for any adversity and they're kind of shining lights for me in terms of what you can achieve yeah I guess we kind of went from you know um sort of lower end of society you know, to kind of you know moving up into the sort of lower middle class you know they've earned, uh, their keep.
00:26:59.531 --> 00:27:14.329
They've really done well, they fought through a lot of adversity and got to this point, and then that gave us a platform, my brother, my sister and I to to you know sort of press on and try and take the family to the next sort of run of the ladder I know that sounds very capitalist, but I mean in every sense.
00:27:14.390 --> 00:27:25.557
You know, not just monetarily but all the you know the, the job prospects, what you can do with those job prospects, the the you know what you can do with, where you can live and the choices you can give to your own children.
00:27:25.557 --> 00:27:29.532
I think most people do want to sort of move up the ladder.
00:27:29.532 --> 00:27:31.538
You know right that's.
00:27:31.538 --> 00:27:35.667
But they certainly laid that foundation, catherine, on how to work.
00:27:35.667 --> 00:27:41.115
You know really hard and grind out a victory for the family.
00:27:41.115 --> 00:27:42.397
I learned from them.
00:27:42.878 --> 00:27:54.196
Yeah, yeah, no-transcript, and not everybody has that sort of approach and attitude that you do.
00:27:54.196 --> 00:28:12.199
The lack of blame in the way that you describe these situations is particularly noticeable to me, because I think a lot of people, if they experience a lot of fear, the immediate reaction is to look to blame a person or a situation for the pain of the fear.
00:28:12.199 --> 00:28:14.981
And it sounds like you're just not doing that.
00:28:14.981 --> 00:28:16.728
And it sounds like your parents didn't do that.
00:28:16.728 --> 00:28:20.617
They could have easily said my life's really difficult.
00:28:20.617 --> 00:28:21.906
Whose fault is it?
00:28:21.906 --> 00:28:35.977
It sounds like they had a self-responsibility about them, and did they also have that kind of humor that you've expressed in terms of Sure, yeah for sure, dad was forever taking us on shortcuts.
00:28:36.065 --> 00:28:44.612
This is before, you know, there was satellite navigation and you know Mum would be sat there, you know, tutting and saying your father's taking us on another shortcut.
00:28:44.612 --> 00:28:50.153
Children, it'll be an extra hour to the campsite, you know, and it was always done in good humour.
00:28:50.153 --> 00:28:56.987
They were always very light and you know, um, yeah, so they're an inspirational uh couple.