Daily Money Minute

Fotolia_54867638_XS_7“When I bought my boat, a Fairline Squadron 55, it cost me about £2,000 in fuel every time I filled it up. I don’t have it anymore.” ~Gavin Henson

The Welsh rugby star Gavin Henson provides us all with a useful underlying message when he made this comment originally quoted in the British newspaper The Daily Express. In making the comment he was talking about the most money he’d blown in one go. When you’re enjoying a little success in your career, and the financial dividend it brings, it’s easy to think it will all last forever. So you start spending your money on expensive luxuries and enjoying the finer things in life. Well that’s fair enough, there’s no point in being successful if you cannot enjoy some of the fruits of your success. The problem is that when the big money starts rolling in it can disappear just as quickly if you don’t take care of it. Then, if you cannot sustain your success, before you know it you have nothing at all. So if you’re lucky enough to earn big money make sure that you put some of it away for a rainy day. It will rain one day, it always does. You need to make sure you can weather the storm when it comes. Enjoy your success of course but never be foolish with money.

© Roy Sutton and Mann Island Media Limited 2013. All Rights Reserved.

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