T
throughthewindandthedrain
Guest
I think you've made a key point there - you can be an average squad player journeyman type in the EPL and as long as you can play enough years, you are financially set for life as long as you don't have a gambling/booze problem or Bernie Madoff as your financial advisor. You read stories about the older ex-pros (Kevin Beattie springs to mind) running pubs, selling double glazing etc because wages in those days were nothing special compared to today's.
It's funny though mate, about seven years ago I saw a Liverpool player settle a £2700 bar bill with five grand and instruct them to keep the change... Utterly mental, you can see why these lads burn through their money. lampard owns a large amount of property but they are all mortgaged - what if he has a run of defaults or a huge property crash? In reality these lads should be set for life after one Premier League contract, but they reckon a decent number go under.
Briefly on topic: I thought Bily was going to be a world beater, think I watched him away at Hull and couldn't believe what he seemed capable of. Sadly, he never truly delivered, but scored some cracking goals and I always hoped he'd make it!
Any Financial advisor would probably tell you to always get a mortgage.
If you have 1 million in the bank it earns a good whack of interest.
If you have 1 million in your bank but you buy a house for say 200k and pay cash for it you now only have 800k in the bank and lose a huge pile in interest payments.
Always better to mortgage as the interest alone on your money in the bank will probably pay the mortgage anyway.
I think.
Everton.
some good solid advice here but have a feeling they will all be in the bookies and not paying any attention. suppose the only thing that really gets annoying is the..'my year of hell' cr*p that a few of them have come out with (Joe Cole), cos they sitting on the bench on a 100 odd grand a week.