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Category: Editorials

August 2019 Editorial: Creating Long-Term Wealth for the Money Smart Athlete

August 2019 Editorial: Creating Long-Term Wealth for the Money Smart Athlete

August 1, 2019 Athletes may earn substantial amounts of income but within the limits of a short time span, usually 10 to 15 years.  The average annual salary of an athlete can be anywhere from 50 to 100 times more than the average household income both in the U.S. and Europe.  The end of the athlete’s field play usually marks the end of the substantial earnings. With the limited time span of most athletic careers, it is imperative for athletes…

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July 2019 Editorial: The Contribution of Athletic Performance to the Athlete’s Personal Financial Success

July 2019 Editorial: The Contribution of Athletic Performance to the Athlete’s Personal Financial Success

July 1, 2019 All professional athletes strive for excellence in their field; this is considered the norm and it is expected of every professional athlete.  However, only a handful of them acquire ‘elite’ status which of course translates to stardom and in consequence, to a variety of financial opportunities.  These ‘elite status’ athletes comprise no more than 5 to 10 percent of the athletes in their field. Our topic this month deals with the chances of financial success for the…

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June 2019 Editorial: The Issues of an Esports Career

June 2019 Editorial: The Issues of an Esports Career

1 June, 2019 Electronic Sports, commonly known as Esports, have been gaining a lot of ground during the past decade.  Esports are computer gaming which has been organized at a professional level and it is competitive.  There is a lot of controversy as to whether computer gaming is actually a sport and whether gamers are actually athletes. Professional gamers, just like athletes, have to put in a lot of hard work and training to acquire the necessary skills which will…

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May 2019 Editorial: The Money Smart Olympic Athlete

May 2019 Editorial: The Money Smart Olympic Athlete

1 May, 2019 The Olympic Games are considered the world’s foremost sport competition with the participation of thousands of athletes from over 200 nations, competing in a variety of sports.  Participating in the Olympic Games itself is considered a great honor and achievement for any athlete but winning an Olympic medal represents the fulfillment of every athlete’s dream! To qualify for participating in the Olympic Games takes hard work; a strict training schedule, strenuous and consistent practice, dedication to the…

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April 2019 Editorial: Sports Financial Literacy

April 2019 Editorial: Sports Financial Literacy

1 April, 2019 With April being financial literacy month, the Money Smart Athlete team celebrates financial literacy and shares views on the positive impact that financial literacy has on athletes.  Being financially literate is useful to every one of us, no matter what type of career we are into and no matter at which phase of life we are. The financial vulnerability of athletes is a real problem.  The mission of this blog, and my personal mission, is to guide,…

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March 2019 Editorial: Women Athlete Issues

March 2019 Editorial: Women Athlete Issues

1 March, 2019 Sport is a universally shared human culture and as such it should be equally shared by men and women across the globe.  Women’s history in sport is fairly new though, it just dates back to the 19th century.  The first time that female athletes participated in the modern Olympic Games, was the second Olympic Games in 1900; just 12 female athletes out of a total of 1,066 athletes from 19 countries.  Gender inequality in sports is, unfortunately,…

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February 2019 Editorial: Student Athlete Issues

February 2019 Editorial: Student Athlete Issues

1 February, 2019 Student Athletes are the most valuable human capital of the sports industry.  Regardless of whether they go into professional sports or pursue another career path after graduating from college, student athletes need to strike and maintain a balance between their academic and sports lives.  Maintaining such balance is not an easy feat as they need to dedicate themselves, simultaneously, in two completely different, yet equally difficult tasks:  sports and academia. The lives of student athletes, as exciting…

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January 2019 Editorial: The Money Smart Athlete’s Marketing Plan for Long-term Success

January 2019 Editorial: The Money Smart Athlete’s Marketing Plan for Long-term Success

1 January, 2019 Happy New Year to all!  I extend my best wishes to all of our readers and may 2019 be an exciting year of bold decisions, exciting adventures and extraordinary growth! At the Money Smart Athlete Blog we are starting off the year powerfully by addressing the commercialization of the athlete’s personal brand and how a well thought out and tailor made personal marketing plan can contribute to the Money Smart Athlete’s long term success. The image of…

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December 2018 Editorial: Philanthropy in Sports

December 2018 Editorial: Philanthropy in Sports

1 December, 2018 Sports have become one of the most popular global activities, attracting the attention of millions of people.  This growth is producing more and more powerful social icons that have considerable influence in society.  Athletes serve as role models for the youth that follow the sport and admire their heroes. Financial wealth and personal influence can be used towards positive social development and athletes have a long track record of aligning themselves with charitable causes, something that has…

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November 2018 Editorial: Sports Career and Money Management

November 2018 Editorial: Sports Career and Money Management

1 November, 2018 Learning to live and save within your means and knowing how to manage money are some of the most important life skills you will ever master. Adopting good spending habits and sound saving strategies will guide you towards a balanced and complete life. As an athlete, you are considered lucky because you earn a lot more money than average. At the same time though, the money that athletes like yourself earn, come with a huge disadvantage; they…

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