CELEBRITY MONEY: Billy Schwer - BOXER BILLY'S HOME TRUTHS.Age: 34 Status: single Lives: St Albans, Herts. Who is he? former British, Commonwealth, European and world lightweight boxing champion, who retired in 2001 What now? He runs Sport Billy, which promotes sports dinners. Personal indulgence indulgence, in the Roman Catholic Church, the pardon of temporal punishment due for sin. It is to be distinguished from absolution and the forgiveness of guilt. The church grants indulgences out of the Treasury of Merit won for the church by Christ and the saints. : pounds 40,000 Porsche Best investment: "My flat in St Albans." Money tip: "Don't trust people to invest your savings. It's not their money." FORMER world lightweight boxing champion Billy Schwer Billy Schwer was born in Luton, Bedfordshire on 12 April 1969. He was a light-welterweight boxer, winning 39 fights, 30 as knockouts. He held the British, Commonwealth and European titles, before winning the International Boxing Organization light-welterweight belt in 2001. knows what it's like to be on the ropes financially. "It was tough, earning my living as a boxer boxer, breed of medium-sized, muscular working dog perfected in Germany in the 19th cent. but whose origins may be traced back in Europe to the 16th cent. It stands from 21 to 25 in. (53.3–63.5 cm) high at the shoulder and weighs from 60 to 75 lb (27. ," he says. "With each fight my life was on the line. If you hold a title your stock is greatly enhanced. "But if I lost a championship, I would have to work my way up again. "For two years after I lost the Commonwealth title I had to survive on savings and credit cards." Though Billy has experienced financial hardship, he made prudent use of the earnings from his four championship titles. The money went on deposits for investment properties in and around the St Albans area. At the age of 23 Billy bought repossessed one-bedroom flats in Luton. After acquiring five flats that rose in value by 50 per cent, he sold them and bought a house in Harpenden. He has since bought and sold a few investment properties close to where he lives. As for having a pension, Billy prefers to make provision for his future with a second property. "Most things in my life I relate to boxing. In the ring only you can help yourself, and that's how I look at handling my finances. It's better to be self reliant than to let someone else control your cash and lose it. I would rather lose it myself - which I have done, too." CAPTION(S): WORLD BEATER beat·er n. 1. One that beats, especially a device for beating: a carpet beater. 2. A person who drives wild game from under cover for a hunter. : Champ Billy in 2001 |
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