In conversation with Jeremy Guscott
On the theme of fortune, and perhaps employing a large slice of foresight, Jeremy had assets that produced income to help his finances when the rugby stopped. He had invested in buy-to-let properties prior to his retirement, with the benefit of his first job giving him insight into the housing market and his subsequent experience with British Gas providing commercial awareness.
“I invested in property based on what people I knew had done and that the rate of return was
decent. I didn’t sit down with a financial planner to listen to them explain the benefits of a saving plan, to understand what I needed then and in the future. I didn’t spend enough time speaking with a planner to understand more about future financial requirements or get a comparison between pension pot savings versus property.”
“There was some advice but like most youngsters we didn’t think we needed it. Not that we knew any better, we just didn’t want to be thinking of retirement so early. You’re young and living the dream and as a professional sportsman, does it get any better?”