David Bentley has warned other footballers they could end up skint if they are not careful with their money.
The former England winger retired at the age of 29, after playing for the likes of Arsenal, Spurs, Blackburn and a loan spell at the Irons.
He now has money in a number of bars and restaurants, and he insists most players are too focused on spending what they earn to be able to make their wages last.
He told the Daily Mirror: “Players are mismanaged and they don’t have the large amounts of money people think they have.
“When you’re looking at global wealth, footballers are well down the list. They only have a 10-year period to earn their money and it’s something I’d like to help players out with because a lot of the time they are being misrepresented.
“It’s because of the lack of knowledge they have of managing money. I say to people that the years before I turned professional were my university years – all players are focused on then is making it as a footballer.
“So the money they earn when they’re playing has to last until they are 80-odd and a lot of players don’t think about that.
“They’re spending more than they should be spending given how their wages average out over the course of their lifetimes.
“They have to be managed properly and they have to take a personal view on it and keep control of their spending.”