Please tell me ... what do you do with £400,000 a week ?

He’s not spending it NOW. He’s got maybe another 50-60 years to live, all being well, but at 33 he won’t be spending many more of them playing football and making that sort of money. He’d be an idiot to spend it, get used to that sort of life and then end up in a normal job making what he used to make in a couple of weeks over a whole year.

Edit: just read his reported wages above so it’d take him a few years in an ordinary job to make what he’s earning weekly now.

 

Earning around a million pounds a month after tax I would go down the Robbie Fowler route and buy dozens of houses. The rent you get would be a good sum and houses go up in value. Better than gambling it all away.

 

Houses might go up in value. Like all investments they could also decrease in value - but over a long term they are generally safe.

With that money, I'd probably have a couple of decent holidays and city breaks each year - properly explore the world, invest in a mixture of markets (property, stock, currency, cyber, etc) with short- and long-term risk profiles, and make sure that there was enough in the bank to ensure my family were set for life if anything happened. I'd also work with various charities locally, nationally and internationally.

 

I know talk is cheap and what we say we'd do is generally different from what we would actually do, but with money like that I'd be looking at making sure Guide Dogs would be well looked after, animal charities, RNLI, Border Collie Rescue, and my favourite would be to see that the North Yorks Moors Railway's future would be secure, along with a few other heritage railways.
You will all have your favourites.
Then I could still spend my £50 on shopping and £30 on fuel with what's left.

 

It's like Paul Stanley from Kiss says on The Decline of Western Civilisation Part II;

"Once you have money you realize that its really not important. What money gives you the opportunity to do, is forget about money..."

 

To put 400K a week into perspective.......

• £212k a week (after tax)
  
• £11.24m a year (after tax)
  
• If you played for just 1 year earning that money, then retired and planned on living to be 80, you'd still have £220k a year.
• If you invested that £1m @ 2.5% interest you'd be getting roughly £25k a year in interest

 

Oh yeah I get that, but he’s probably been on a huge wage at Liverpool so could spend a bit more now. Get yer money splashed Adam.

Seems folk think I don’t realise that he’s got a long ‘retirement’ ahead, I’m not that daft.

 

I mean, you seem a bit daft. He’s allowing himself 5k a week to spend, so 20k a month. He’s hardly living off beans on toast, is he?

 

Unless of course he absolutely loves beans on toast. It is possible.

 

Similar. As long as I have some money over each month for non essentials I'm happy
No point me having a big house, flashy car or designer clothes as they just don't excite me.

If I did win a lot of money on the lottery I would go to watch an ashes series in Australia and maybe get a ticket for the final at Wimbledon or something. And I've always fancied a trip on the Orient Express.

 

Invest it for your kids & families future.
Build property.
Create jobs.
Travel the world.

Sounds alright to me.

 

They have accountants who know where to hide their money and how to claim for stuff and drastically reduce their tax bills.

 

Buy a planet

 

I read somewhere yesterday that Marcus Rashford and Jordan Henderson give a staggering percentage of their wealth to charity.

 

I know a guy that delivers super cars to various grounds and how often he is there, so he could tell yer

 

I got a pay rise last year of around £350 after tax per month. I put 50 a month extra to my savings and have been doing £300 a month overpayment on the mortgage. Got a nice little safety net in the savings and with the interest being so low i decided to make a dent in the mortgage.
You're advice is excellent though, I remember some years back the payroll at work having a issue and it looked like we wouldn't get paid just before Christmas.
I was at the time astonished how many people live so close to the edge every month.
I know for some they literally have no choice but for many it's just poor money management.
I don't know if it is now but we were taught nothing on the subject when I was at school.

 

Build an extension on the side of the house, but use blocks of £20 notes instead of bricks.

 

Rashford was the youngest to ever top the Sunday Times Giving list last year. When you include the donations he lobbied Supermarkets for he gave 125% of his personal wealth to charity. Kid came from nothing and relied on free school meals. Just getting away from that life wasn't enough for him.

 

I might have read it as £5k per month!