Money Smart Athlete Blog
Collegiate Athletes
1. Collegiate Athlete Issues
Collegiate Athlete Issues Key topic This module alerts collegiate athletes as to the essential financial, life, and career planning skills they need to have, to manage their athletic, academic, and professional futures. It covers the financial vulnerabilities...
2. Financial Psychology
Financial Psychology Key topic Financial psychology relates to our behavior towards personal finances and financial decisions regarding money, budgeting, investing and so on. Family, society and culture play a huge role in the development of the athlete’s financial...
3. Creating Your Winning Team of Advisors
Creating Your Winning Team of Advisors Key topic Student athletes are advised to start creating a support circle which will help them in the implementation and management of their financial and life plan. They first have to deal with fulfilling their support needs...
4. Personal Financial Planning & Money Management
Personal Financial Planning & Money Management Key topic Personal financial planning is a lifelong process and student-athletes are guided through the specifics of it in this lesson. Student-athletes will be making financial decisions all their life; sometimes...
5. Banking, Credit and Debt
Banking, Credit and Debt Key topic It is very important for student-athletes to develop an understanding about how banks work so that they can manage their banking to their best interest. Properly managed bank accounts can reduce expenses and protect the...
6. Risk Management & Insurance
Risk Management and Insurance Key topic It is important for athletes to identify and manage potential risks so that they can take measures to protect themselves from such risks. Athletes can protect themselves and their personal finances in a number of ways,...
7. Investments and Creating Long-Term Wealth
Investments & Creating Long-Term Wealth Key topic Bad investment decisions contribute greatly to the financial problems of professional athletes. Unfortunately, athletes are an easy target for many shady financial predators, who promise them ‘sweet deals’ with...
8. The Economic Environment, Contracts and Taxes
The Economic Environment, Contracts and Taxes Key topic Personal financial planning is affected by several macroeconomic factors. Therefore, when student-athletes plan their financial lives, they should take into account conditions in the wider economy and in the...
9. NIL Contracts
NIL Contracts Key topic This module provides a comprehensive overview of NIL contracts, detailing their historical significance, key components, legal protections, negotiation strategies, and long-term financial considerations. It is designed to help athletes...
10. NIL Taxation
A Guide to Collegiate Athletes’ NIL Taxation Key topic This lesson aims to provide a general guidance on NIL taxation for collegiate athletes in the United States. By delving into the nuances of taxable income, deductions, credits, and tax planning strategies, we...
11. Building the Athlete’s Name, Image & Likeness
Building the Athlete’s Name, Image & Likeness Key topic Athletes have a relatively short career playing sport, living most of their life from earnings made off the field, which is why it is important that they are proactive when it comes to their financial...
12. Your Life Plan: Career Development, Entrepreneurship & Business Fundamentals
Your Life Plan: Career Development, Entrepreneurship & Business Fundamentals Key topic Athletes should be ready and prepared to do something meaningful and financially sustainable during their after sports days, whether that is when they finish college or when...
12 – OLD Career development, Entrepreneurship and Business Fundamentals
A Guide to Collegiate Athletes’ NIL Taxation Key topic This lesson aims to provide a general guidance on NIL taxation for collegiate athletes in the United States. By delving into the nuances of taxable income, deductions, credits, and tax planning strategies, we...
