Friday 20 July 2018

'You don't need as much money as you think you do'

My money

Conor O Loughlin. Photo: Brian McEvoy
Conor O Loughlin. Photo: Brian McEvoy

Independent.ie newsdesk

Conor O'Loughlin is a former Connacht Rugby star who was named Ireland's best young entrepreneur of the year earlier this year.

O'Loughlin won the award for his company Glofox, which provides a gym performance management software system. O'Loughlin founded Glofox in 2014 - a few years after a hip injury forced him to retire from rugby.

O'Loughlin, who is originally from Athlone in Co Westmeath, is now living in Dublin with his wife and baby daughter. He played 97 times for Connacht, including a Challenge Cup Final against Harlequins. He also represented Ireland.

What's the most important lesson about money which your career in rugby or technology has taught you?

You don't need as much money as you think you do to be happy.

What's the best advice you ever got about money?

Don't be over-exposed to any one investment.

What's the most expensive place you ever visited?

Dubai. I remember paying a ridiculous price for a meal and a bottle of wine.

What's your favourite coin?

The old punt coin with the stag - it reminds me of when I was young. I remember when it first came out.

Apart from property, what's the most expensive thing you have ever bought?

Either the Audi A5 which I owned a few years ago - or my MacBook.

What was your worst job?

Collecting glasses in a pub when I was around 17.

What was your biggest financial mistake?

Buying bank shares before the recession.

What was your best financial killing?

Shares I bought in a gas and oil company a few years back.

Are you better off than your parents?

Not yet. I'm in startup mode so am building myself up financially. My parents have a good work-life balance.

If you won the EuroMillions, what would you do with the money?

I'd look after my family, give some money to charity - and I'd buy a couple of houses outside Ireland.

Have you ever made an insurance claim?

Yes - I claimed on the house insurance after there was damage to our investment property in Athlone.

iTunes or Spotify? Or are you more into CDs and records?

Spotify - I listen to it all the time.

What was the last thing you bought online?

An adapter for my MacBook. I use the MacBook for work.

Would you buy Irish property now?

As an investment, it wouldn't be a bad time to buy Irish property - due to the huge demand for accommodation here - and the influx of companies expected to come into Ireland.

What's the most expensive thing about being a parent?

Our daughter is a young baby so it hasn't really been that expensive yet - but I'm expecting creche fees will be expensive.

Do you ever haggle?

I always haggle in business -and I'll haggle on holiday too.

What three things would you not be able to do without if you were tightening your belt?

Gym membership. My phone. Coffee.

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