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Money Smart Athlete Blog

June 2022 Editorial: Athletes- Investments, the creation of wealth and long-term financial well-being

Jun 1, 2022 | Editorials

Athletes are in a mostly lucrative, albeit peculiar profession. Many receive astronomical salaries to compete, and make more in a year than the average person in their entire working life. Nonetheless, with retirement coming at a rather young age there is an abrupt disruption of that income stream and there is no manual or standard pathway for life-after-sports. As a result, many find themselves in a dire financial predicament. The best way to secure their financial future is through investing; the deliberate placement of money on financial products, shares, property or business venture with the aim of making a profit in the future.

This month we will zoom in on athletes and how investing can have a positive impact on their lives. We will start by explaining why the mentality of certain athletes can be problematic and inhibits them from realizing their full financial potential. We will then get down to the particulars of investments with some practical advice on how to begin their investment endeavors. In this current economic environment, we cannot neglect inflation and its interplay with investments. So, visit our blog every Wednesday to read about all these and more!

Athena P. Constantinou

E-mail: athena@moneysmartathlete.com

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