#business Strictly Come Dancing star Robin Windsor talks to ME & MY MONEY

#business Strictly Come Dancing star Robin Windsor talks to ME & MY MONEY

#enterprise Strictly Come Dancing star Robin Windsor talks to ME & MY MONEY

Uplifting: Robin with Lisa Riley on Strictly Come Dancing in 2012

Uplifting: Robin with Lisa Riley on Strictly Come Dancing in 2012

Strictly Come Dancing star Robin Windsor was as soon as paid £5,000 a minute to dance the cha-cha-cha. Windsor, an expert dancer on the hit BBC present, tells Donna Ferguson he earned £10,000 for a two-minute dance at an occasion in Mauritius in 2013. 

As the nation gears up for the return of Strictly to our screens in simply 13 days’ time, the 42-year-old has been touring the UK with different Strictly professionals to have a good time the twenty fifth anniversary of Burn The Floor, a ballroom dancing theatre present. 

Robin lately began giving motivational speeches and organising company team-building programmes. For extra data, go to officialrobinwindsor.com. 

What did your mother and father educate you about cash? 

I grew up with my mum and stepdad. My mum was an important advocate for saving and dealing arduous. She labored an terrible lot of hours in a petroleum station and earned little or no. She would give me half of her wage every week in order that I used to be in a position to have my dance classes. She knew that it was what made me completely happy and he or she knew I had a expertise. I owe her all the pieces. 

Unfortunately, though my mum at all times advised me to put half my cash away, I’ve at all times been dangerous at saving. I believe it’s as a result of I grew up with so little. Once I did begin to earn, I started to spend. 

Have you ever struggled to make ends meet? 

Yes. When I used to be 16, I moved to London to participate in dance rehearsals and competitions. I wished to make it by myself. My mum had achieved a lot for me, I did not need to ask her for any more cash. So I took a number of jobs, working in a Barratts shoe store, in bars and in lodge kitchens washing dishes till three o’clock within the morning. All this whereas nonetheless doing my rehearsing and practising. I’d get about 4 or 5 hours of sleep every evening. 

I bear in mind going to the Lidl retailer in Streatham, South London, on the finish of the day with my dance accomplice to catch all the stuff they’d decreased to eliminate. 

There have been days we had to select between practising and incomes sufficient cash to eat. And we used to select to rehearse. We’d be residing typically on simply beans on toast. I grew to become very skinny. 

That interval lasted for 2 to three years. I began utilizing bank cards to make ends meet and moving into debt. I did not need to inform my mom, however finally issues bought so dangerous I had to. She bailed me out and I made a decision I simply could not make it as a dancer – so I bought a full-time job promoting footwear. 

How did you flip your fortunes round? 

I ran into my previous dance accomplice. I advised her how a lot I missed dancing. She invited me to put collectively some routines that we might do collectively on cruise ships. I agreed and we despatched off some audition tapes to all of the cruise liners. 

That’s when my dance accomplice bought a cellphone name from the producer of ballroom dancing theatre present Burn The Floor, asking if we wished to be a part of it. Of course, we stated sure. And from that day ahead, our lives modified. 

Have you ever been paid foolish cash? 

Yes. My dance accomplice and I have been as soon as paid £10,000 every to keep in a luxurious resort in Mauritius for per week and dance the cha-cha-cha at an occasion. Our dance lasted two minutes. 

What was one of the best 12 months of your monetary life? 

It was 2010, my first 12 months on Strictly Come Dancing. All of a sudden, I used to be incomes cash I had solely dreamt about. I in all probability made about £100,000 that 12 months – not simply from Strictly however from work off the again of the present – such because the tour and personal performances. When you are on prime-time TV, everybody needs somewhat slice of you.

The most costly factor you acquire for enjoyable? 

It was a black embossed Gucci weekend journey bag for £1,200. I at all times wished one and determined to deal with myself in 2011. I’ve nonetheless bought it – like me, it is nonetheless going robust. 

What is your largest cash mistake? 

In 2013, I did not have any information about how to pay tax. I bought investigated. 

Revenue & Customs went again a few years and realised there have been errors that I had made. And as a result of I did not have any paperwork for the 4 years prior to that, it stated all it might do is assume I had been making the identical errors for six years. So, sadly, I bought a invoice from Revenue & Customs for £100,000. That was an terrible lot greater than I assumed I owed, however I had no proof. So, heartbreakingly, I had to pay it. 

It was all the pieces I had saved up for as a deposit on a home. So that was a fairly dangerous day. I’ve to think about that the cash I paid in taxes has gone to a very good place – just like the wages of NHS staff.

The finest cash choice you will have made? 

To ensure I’m now on high of all the pieces so far as my taxes are involved in order that the errors I made by no means occur once more. 

Do you save in a pension or spend money on shares? 

No. I’ve by no means been within the inventory market and being self-employed you do not know the place your subsequent job is coming from or how a lot it is possible for you to to save and spend money on a pension. And I’ve additionally at all times been a kind of individuals who stay for the second. 

But I’m conscious that I’m in my 40s now and getting to a stage of my life the place I really want to begin to take into consideration my future and put some cash away for my retirement. I will not have the ability to dance ceaselessly. 

Do you personal any property? 

No. I’m saving up for a deposit to purchase a house in South London and I’m renting a four-bedroom home with buddies. 

If you have been Chancellor what would you do? 

I’d elevate the edge at which you pay earnings tax to £18,000. I’d like to assist those that are struggling proper now. It’s powerful for everybody and I’d like to make issues simpler for low-earners. 

Do you donate cash to charity? 

I give my time. I provide an enormous quantity of dance classes without cost to charities that they will public sale off at their occasions. I additionally do a whole lot of work for an unbelievable charity known as Sane, as a result of I had all kinds of points with my very own psychological well being and it helps folks cope with their psychological well being points. 

What is your primary monetary precedence? 

To proceed to save for a deposit on a house. I hope that I’ll have sufficient saved inside the subsequent couple of years to have the ability to purchase someplace. 

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