A career in boxing or accounting?

Anthony Joshua wants his son to be an accountant

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Afternoon, 

In an interview with Desert Island Discs, former world heavyweight boxing champion Anthony Joshua has said that he doesn’t want his son to take after him in boxing and would rather him be an accountant.

“I don't think it's a wise decision [to follow in my footsteps]…If I was to choose for him I'd ask him to probably look at accountancy because I think it's good to understand numbers. So when you have that kind of insight you can now become an entrepreneur and invest in business. I want him to focus on business,” Joshua said.

What do you all think? Is this a wise piece of advice from Joshua, is accountancy a better career than boxing? 

And does this mean that any of you would rather your children be a boxer instead of an accountant? 

Hope you all have a good start to your week!

Replies (10)

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By Justin Bryant
24th Jun 2024 14:57

He probably listened to Frank Warren's advice there, or was it Barry Hearn?
https://www.telegraph.co.uk/boxing/2024/05/31/hearn-v-warren-war-rivalry...

Either way, it's not uncommon in the boxing business. See: https://lewishamledger.tumblr.com/post/176084507403/lord-of-the-ring

[Update] It was BH: https://www.icaew.com/insights/viewpoints-on-the-news/2022/feb-2022/barr...

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VAT
By Jason Croke
24th Jun 2024 15:00

I guess from the perspective of a boxer (high fitness levels, high risk of injury) and being a father, it is logical that he would prefer his son to become an Accountant, being the complete opposite of what a boxer is .... 24/7 training, constant risk of injuries/risk of death, hand to mouth revenue streams if not reaching legendary status within a few years of career, etc.

Actually, those last few things could apply to an Accountant too (24/7 training/CPD, risk of being sued, cash flow and revenue in the early years and it's stressful dealing with HMRC and clients so maybe even risk of death too!).

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Replying to Jason Croke:
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By Justin Bryant
24th Jun 2024 15:04

Agreed (even my initials are "JAB".)

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By FactChecker
24th Jun 2024 15:04

Can't see much of a connection between the stated objectives ("it's good to understand numbers", "become an entrepreneur and invest in business") and starting out as an accountant.
Sure there are some who've gone that route ... but there are plenty of very successful entrepreneurs who are financially innumerate, and plenty of accountants who are good at what they do but aren't prepared to take even the smallest of risks on their own behalf.

I wonder if Anthony Joshua realises that however 'safe and boring' he may consider accountancy to be (if only in comparison to boxing), just how fast his hard won capital can be diluted by a son with ambition who uses Dad's fortune to gamble.

Attributed to Richard Branson (but I think he nicked it from someone else): "If you want to be a Millionaire, start with a billion dollars and launch a new airline."

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Replying to FactChecker:
By Ruddles
24th Jun 2024 15:36

FactChecker wrote:

Attributed to Richard Branson (but I think he nicked it from someone else): "If you want to be a Millionaire, start with a billion dollars and launch a new airline."

Similar to a racehorse owner that I once acted for, who told me - "If you want to make a small fortune out of horse-racing, start with a large fortune".

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By Tom+Cross
24th Jun 2024 15:48

I've had a fantastic 40 years in accountancy, where I've been priviledged to work with some wonderful and inspiring individuals. Incredibly fortunate, and hopefully, I've provided a personal, tailored service, suited to the individuals concerned.
Survived two heart attacks and a major heart overhaul. Yep, really, really lucky.
However, would I want my son, or daughter, to enter the same world, in the current age. On balance, I think I'd have to say, no. The public sector seems to want to strangle any life that's left in the beast, seemingly, with no purpose, or clear direction.
I accept that I am a dinosaur, with only a very short shelf-life remaining.
However, I still believe that there is still room for the maverick, or entertainer, obviously provided that they complete their expectations, in a professional manner.

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paddle steamer
By DJKL
24th Jun 2024 17:22

I am just a poor boy, though my story's seldom told
I have squandered my resistance for a pocketful of mumbles
Such are promises
All lies and jest
Still a man hears what he wants to hear
And disregards the rest, hmm

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By johnthegood
25th Jun 2024 08:46

Having had my own practice for over 25 years I find it difficult to think of a job that would give me this consistent standard of living, across many years, hopefully well over retirement age health permitting, with the flexibility to work how much, when and where I want within reason.

The repeat nature of the business and the constant stream of new clients once you reach a critical mass makes it secure and profitable.

I have met hundreds of people from all walks of life from the poor hard working right up to multi millionaires and they have all (well mostly) been interesting to talk to and have improved my life experience.

Yes there are difficulties, dealing with HMRC, constant pointless AML rules etc, but compared to stepping into a ring and being punched in the face repeatedly I think I would probably go with my first choice!

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By Tax Dragon
25th Jun 2024 08:59

Boxing is the way to go. These days we know lion taming is cruel.

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By I'msorryIhaven'taclue
25th Jun 2024 10:37

Auditing offers ticking and bashing!

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