Solo-Sport Athletes

The challenges of a solo-sport career Key topic This lesson outlines the hard realities faced by solo-sport athletes.  Solo-sport athletes are faced with a completely different set of problems than the rest of their peers, mainly underlined by loneliness.  Most...

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...

Creating a support circle Key topic Athletes are advised to have a support circle in place, which will help them in the implementation and management of their financial and life plan.  They first have to deal with fulfilling their sports career needs in terms of...

Personal financial planning and money management for long-term financial sustainability Key topic Personal financial planning is a lifelong process and athletes are guided through the specifics of it in this lesson.  Athlete just like everybody else, will be making...

Banking, credit and debt Key topic It is very important for athletes to develop an understanding about how banks work so that they can manage their banking to their best interest and this is what we are trying to do in this lesson.  Properly managed bank accounts...

Risk management and insurance Key topic It is important for the athlete to identify and manage potential risk as well as recognize different types of fraud when they see it so that they can take measures to hedge against them.  Athletes can protect themselves and...

Investments and creating wealth Key topic Bad investment decisions contribute greatly to the financial problems of professional athletes.  Athletes have been and are, an easy target for many shady financial predators, who promise them ‘sweet deals’ with huge...

The economic environment, contracts and taxes Key topic Personal financial planning is affected by several macroeconomic factors.  Therefore, when athletes plan their financial lives, they should take into account conditions in the wider economy and in the markets...

Building and commercializing the athlete’s brand and NIL Key topic Professional 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...

Dealing with the ‘life-after-sports’ dilemma Key topic Athletes should be ready and prepared to do something meaningful and financially sustainable during their after-sports days. Even though professional athletes look forward to a long and successful career, they...

Athletes should be ready and prepared to do something meaningful and financially sustainable during their after-sports days. Topic: Financial & Life Skills Program Lesson: 10 Solo-Sport Athletes