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What Would You Do if You Had a Six-Figure Salary?

Colin Waggett, CEO of Third Space, one of London’s most exclusive high-end gyms, gives us a peek into his life at the top. In this exclusive interview, Waggett opens up about his financial priorities, habits, and indulgences. Read on to discover what a day in his life looks like and what treats he’s indulging in.

The Finances

• What was the best investment you’ve ever made? It’s been a significant one. I invested in Third Space. I can’t tell you how much – but it’s been a great business.

• And the worst?

• I’ve done a handful of investments in startups that have gone bust…

The Necessities

• How do you commute to work? I take the train from Winchester – it provides a very productive hour each way of reading, writing, and thinking.

• How do you get your daily coffee fix? I love my Sage espresso coffee machine – homemade is the best.

The Treats

• What do you treat yourself to when you feel stressed? I work out a lot at our clubs (obviously!) and ride my bike through the Hampshire countryside or through the mountain ranges of Europe when I get the chance.

• How do you unwind from the top job? I ride my bike, work out, play golf, and compete in the odd triathlon. And, of course, spending time with family and friends, and enjoying a glass of wine.

Conclusion

For Waggett, living life to the fullest means making time for family, friends, and adventure. As a self-proclaimed fitness enthusiast, he indulges in his passion for exercise, from road biking to downhill skiing. But beneath the high-flying lifestyle, Waggett prioritizes productivity, whether on his daily train ride or at his office, making the most of his time and investing wisely.

FAQs

What’s the most spontaneous thing you’ve done recently?

Recently, I bought a new bike – Pinarello F12!

What’s your go-to way of staying connected with your network?

I’m old-fashioned and like sending emails or having real-life conversations over coffee.

Do you think financial success can lead to personal happiness?

Yes, financial freedom does play a role in one’s overall well-being, but I think that’s secondary to the things that really make us happy, like spending time with loved ones and pursuing our passions.

Would you advise your 20-year-old self on any financial decisions?

Save a bit regularly, but back yourself. I’d rather invest in a business I know, understand, and am involved in than a fund that invests in businesses I know nothing about, paying fees to someone I’ve never met.

Author: fortune.com

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