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Money Smart Athlete Blog

Economic Environment

Economic Environment, Financial Literacy

Athletes: Investment options for 2022

Halfway through 2022, it has become impossible to scroll through social media and news pages and not encounter the terms “recession”, “inflation”, “bear market” and other similar takes, expressing negative sentiment on the state of the world economy. It’s no secret that while the world economy is still strong, the signs of a looming recession become more prevalent by the day with big names such as JP Morgan’s Jamie Dimon talking about an “economic hurricane on the horizon”.

Economic Environment, Financial Literacy

Athletes and Investing: Inflation and its implications on your investments

As discussed in last week’s article, athletes strive for financial freedom – which is all about having the resources to afford their desired lifestyle. In many cases, this financial freedom is attained through investing – as investing can eventually make your money work for you. Investment can be defined as committing capital or funds to different types of assets with the expectation that you will generate a gain or profit in the future. However, there are several factors that can negatively impact athletes’ investment; one such factor is inflation. Inflation is the rate of increase in prices over a period of time which means it can affect the value of future returns, deeming it a critical factor when making investment decisions.

Economic Environment

Why Athletes need a Legal Advisor

During different stages of your sports career, you will have to interact with many professionals who will help you with your athletic, financial and business endeavours. Creating the right team of trustworthy, reputable, and established professionals within any given field is important to your success. 

Economic Environment

Athletes- Know your rights: The issue of rights in sports

We tend to think of athletes as some of the most privileged people on the planet and although that is true to a certain extent, it only reveals part of the story. When we hear the word athlete immediately to mind come people like Cristiano Ronaldo, Serena Williams and Lebron James, and we usually overlook the fact that athletes of such calibre, prestige, fame and wealth are only the tip of the iceberg.

Economic Environment

Covid-19, Financial Liquidity and Creating a new Short-term Financial Plan

The Coronavirus pandemic beyond being a threat against human lives, it is considered the biggest disaster to hit the sports world in many decades; it is not only causing the suspension of already running competitions such as the NBA and the majority of Europe’s soccer leagues but also causing future competitions to be postponed such as the Tokyo 2020 Olympic Games, Euro 2020 championships and Copa América.