Money Smart Athlete Blog
Professional Athletes Program
PA – Module 07 – Investments & Creating Long Term Wealth
Athletes and Investment Basics Basic Investment definitions & concepts Preparing to invest & choosing an investment advisor Be careful of investment fraud The relationship of risk and return on investment Athlete investors -...
PA – Module 01 – The Challenges of Athletes & Financial Skills for success
The Challenges of an athletic career The professional athlete and sport integrity issues The financial vulnerability of athletes Building confidence is a prerequisite for a successful career Athlete wellbeing is paramount to having both a successful career and life...
PA – Module 02 – Financial Psychology
Understanding your financial beliefs and behaviors Money & Emotions Dealing with the sudden wealth phenomenon Coping with family and societal pressures The importance of developing a strong set of financial skills Financial goal...
PA – Module 03 – Creating a winning team of advisors
The relationship of financial literacy and the athletes advisors Selecting your advisory board Choosing a sports agent Attorneys & Business Managers are necessary to the athletes success The right mentor will help you unleash your potential Protect yourself...
PA – Module 04 – Personal Financial Planning and Money Management
Your financial plan should be powered by your values Define your mission and create your legacy Prioritize your spending and differentiating between needs and wants Earning money and living within your means Building multiple revenue channels ...
PA – Module 05 – Banking, Credit and Debt
How banks work Bank accounts, debit &credit cards Credit, loans, risk & collateral Dealing with debt The distinction between good and bad debt What happens if you default a...
Professional Athletes – Module 06 – Risk Management & Insurance
The definition of risk and hedging against it Basic Insurance categories Insurance for sports professionals & choosing your agent Reputational risk & NIL protection from unauthorized use Protect your assets and your family...
PA – Module 08 – The Economic Environment Contracts and Taxes
How economic conditions affect financial planning Contractual issues due to suspension of play Sports contracts Taxes Tax aspects of competing in solo-sports vs team sports Taxation and sports contracts abroad Tax efficient...
PA – Module 09 – Building & Commercializing the Athlete’s brand
The athlete's brand and its components Analyze your athletic brand and evaluate its strength Build your athletic brand and NIL Create your personal marketing plan Social media strategies for promoting your athletic brand Can athletes...
PA – Module 10 – Retirement from sport & Post-Career Development
Knowing when to retire from the playing field The last contract of the retiring athlete Preparing in advance for retirement from sport The psychology of retiring from sport at a young age Find a business mentor and work on your...