Building and Maintaining a Financial Plan

Your first priority in order to take control of your financial life is to set up a financial freedom plan which as we have explained in a previous blog article should be based on your values, dreams and goals. The majority of goals you set in your plan will need at...

By Mina Kourtzi and Constantinos Masonos   We have extensively discussed the various pitfalls athletes face when managing their finances in some of our previous blog articles. We have described how the special nature of the athletic profession, characterized...

The general belief is that people who have lots of money don’t need to follow a budget. This is not true in the case of athletes; the special financial circumstances of their professional career, their expected lifestyle and tons of stories out in the media about...

Financial psychology is a science that comes to fill the gap between psychology and behavioral economics. But why should an athlete spend his or her precious free time to try and understand what such a scientific term has to do with? It probably doesn’t affect...

Let’s picture a younger version of you, let’s say at the age of 12. Remember how excited you were when a relative would hand you a twenty for Christmas or maybe for your birthday? You would immediately start thinking how much candy you could buy from the candy shop...

All people have dreams and goals in life, for themselves and their families, such as buying a home, creating a business, saving for their children’s college education, travelling and retiring comfortably. No matter which stage of your athletic career you are...

There are important lessons to be learned from a plethora of athletes who have financially failed.  A common denominator often, is the trust athletes have placed in the wrong professionals.  We have all heard of a number of cases all over the world, where lawyers,...

Financial failure is not usually caused by a sudden event, but from a constant series of bad decisions. Our short research reveals a combination of factors that contribute to the financial failure of most athletes. Athletes usually earn substantial amounts of...