Liam Gretton
February 6, 2023
With an estimated worth of somewhere around £31 million, ex-Liverpool and England Legend Robbie Fowler is wealthier than all but the very top echelon of today’s modern sporting superstars. Robbie was involved in the game at a time when footballers, even if still very well paid, were on a fraction of the weekly wage bill of today. So how did the Toxteth-born striker manage to become so fabulously wealthy?
Over the years, Fowler has built a hugely valuable and effective property portfolio, Not by investing in the upmarket pent house properties you would expect a footballer to buy, but by investing in the buy to let market, typically terraced houses and flats that are found in the North West of England.
At the time Liverpool manager Graeme Souness called Robbie into his office. How the events unfolded are reported in a 2015 Daily Mirror article that quotes the then 40-year old former footballer.
Fowler looking back:
“’This is a financial adviser. He will look after you for the rest of your life’. That was by far the smartest thing I did”.
“As a young kid, I wasn’t really interested at that stage – getting financial advice was far from my mind. I was focused on playing football. But I got onboard with this financial adviser and I heeded his advice, and that was my smartest money decision”.
Fowler started to invest a part of his earnings as a footballer from almost the beginning of his career. At an age when he admits he thought little of the future, his willingness to take the financial advice he was offered is notable and despite enjoying his youth and sporting fame, Fowler didn’t go overboard. He kept on quietly and consistently tucking away some of his income.
“Don’t get me wrong, not everything went into property at the time. And I didn’t just invest on my own, because when I was 18, I was on next to nothing and I couldn’t afford it, regardless of what people think about football players”.
“I invested with partners. It was all through the advice was I given, not because I knew anything or wanted to know it, it was totally by accident”.
“When you’re 18, I think it is probably the last thing on your mind. You’re obviously signing new contracts and you want to go out, you probably want a new car, and you’ll get all the things that you haven’t had”.
“But then all of a sudden, there comes a time when you think: Uh, I need to pull the reins in a little bit here and maybe look after my life after football. When I was 18, that was far from my mind, but over the years, it does materialise that way”.
If there’s one key lesson anyone can take from how Robbie Fowler enjoyed life while building a secure financial future for himself, his family and the future Fowler generations to come, it is how he built the investing habit and knowledge from a very young age. Even if investing wasn’t something he was particularly interested in at 18, he took some good advice and stuck with it.
As a result, and without ever making it the be-all-and-end-all, Robbie gradually learned the basics of investing and making his money work for him, rather than him working for money after sport ultimately creating more wealth. The Liverpool legend admits he still enjoys spending money and it isn’t all about saving for him. But he found a balance and started investing the small effective amounts he could afford, while still living life to the full, Like many, He chose an investment strategy that had been proven to work for hundreds of years, Property but also approached other streams of income and a traditional pension, spreading his risk.
As one of the brightest footballing stars of his generation, the money Fowler earned from his day job has meant he has been able to build up a particularly valuable investment portfolio. Even if everyone would be worth over £30 million by taking the same approach as Robbie Fowler, the same end result, if on a smaller scale, could be expected and investing into property is proven throughout history to be a successful route in creating a secondary income for now and the long term future as well as generational wealth.
There’s a lot any aspiring athlete might learn from watching clips of Fowler the footballer, known as one of the best Liverpool and England finishers in history. But anyone starting out or preparing for a future after their professional career, whatever it is, could also learn an incredible lifelong lesson by learning from the effective and strategic approach of Robbie Fowler the investor by creating their own property portfolio.
Liam is the founder of Liam Gretton – Wirral Estate Agent and has a vast experience in both buying and selling luxury homes on the Wirral. His expertise has led him to become one of the Wirral’s leading estate agents.
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