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Month: July 2017

Selecting the most suitable advisors

Selecting the most suitable advisors

There are important lessons to be learned from a plethora of athletes who have financially failed.  A common denominator often, is the trust athletes have placed in the wrong professionals.  We have all heard of a number of cases all over the world, where lawyers, accountants, investment advisors, etc have defrauded athletes by advising them to invest in various potentially “high and fast profit” schemes.  In a lot of cases, athletes not only lost the money they invested but also…

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Professional Athletes’ Financial Failure – where is it rooted?

Professional Athletes’ Financial Failure – where is it rooted?

Financial failure is not usually caused by a sudden event, but from a constant series of bad decisions. Our short research reveals a combination of factors that contribute to the financial failure of most athletes. Athletes usually earn substantial amounts of income within the limit of a short time span, usually 10 to 15 years. Most of the time the athletes’ salaries are not fully guaranteed and poor performance, injury, on and off field behavior can adversely affect their earning…

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