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Category: Editorials

February 2020 Editorial: The Entrepreneur Athlete

February 2020 Editorial: The Entrepreneur Athlete

February 1, 2020 Entrepreneurship is a lucrative post sports career option for many athletes.  Entrepreneurship itself is very exciting and it usually comes with excellent wealth generating prospects.  During the past decade, we have seen a number of successful business ventures initiated and headed by athletes.  Entrepreneurs are usually risk takers, they like to create, they love to work and do not mind being constantly out of their comfort zone.  These very same characteristics are the ones that athletes cultivate…

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January 2020 Editorial: The Holistic Model of Athlete Development

January 2020 Editorial: The Holistic Model of Athlete Development

January 1, 2020 Happy New Year to all of our readers and may 2020 be an exciting year of positive change and extraordinary growth!  We start off this year by exploring the Holistic Model of Athlete Development and its positive effects on both athletes and society. Currently, the sports industry is focusing on creating the conditions necessary to produce world class athletes.  This approach benefits the sporting aspect alone and does not focus on the player as a whole person. …

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December 2019 Editorial: Female Empowerment in Sports

December 2019 Editorial: Female Empowerment in Sports

December 1, 2019 Empowerment is the process of increasing the capacity of individuals or groups to make choices and to transform those choices into desired actions and outcomes. Empowerment is a process. Through the process, an individual becomes an agent of change. More simply put, it’s the “can do” factor, going from “I can’t” to “I can.” Empowering females is powerful. Today, we know it is the key to economic growth, political stability, and social transformation. In the context of…

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November 2019 Editorial: Cross Border Concerns of Money Smart Athletes

November 2019 Editorial: Cross Border Concerns of Money Smart Athletes

November 1, 2019 It is quite clear that nowadays many international borders are crossed in the pursuit of professional athletic careers. In the last 30 years we have witnessed a large movement of athletes crossing borders to play and live overseas. Professional athletes moving abroad face a number of challenges as they settle and adjust to new realities.  Signing a playing contract in a foreign country comes with many challenges; a new culture, a different language, a different tax and…

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October 2019 Editorial: The Money Smart Athlete and Social Media

October 2019 Editorial: The Money Smart Athlete and Social Media

October 1, 2019 Social media are communication and socializing tools that we use in our everyday lives. According to the latest statistics, the number of social media users worldwide in 2018 was 3.196billion, with an increase of 13 percent from the previous year. Companies and individuals use social media to promote their brand, products and services.  Nowadays, athletes use social media quite heavily to market themselves and communicate with their fans, sponsors and potential sponsors. Through social media, athletes are…

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September 2019 Editorial: The Challenges of an Elite Career in Individual Sports

September 2019 Editorial: The Challenges of an Elite Career in Individual Sports

September 1, 2019 The life of an elite athlete in individual sports can be a very lonely one; long practice hours, extensive travelling around the globe, not much time to spend with family or cultivate friendships, and the list goes on.  An elite sports career takes a lot of hard work; a strict training schedule, strenuous and consistent practice and foremost, personal sacrifices. The challenges faced by elite athletes in individual sports are many; financial difficulties; parental and social pressure;…

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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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