The exponential financial growth of the sports industry has, unfortunately, brought about an array of opportunities for illicit practices like match fixing, money laundering and human trafficking.
1 February, 2019 Student Athletes are the most valuable human capital of the sports industry. Regardless of whether they go into professional sports or pursue another career path after graduating from college, student athletes need to strike and maintain a balance...
1 January, 2019 Happy New Year to all! I extend my best wishes to all of our readers and may 2019 be an exciting year of bold decisions, exciting adventures and extraordinary growth! At the Money Smart Athlete Blog we are starting off the year powerfully by...
1 December, 2018 Sports have become one of the most popular global activities, attracting the attention of millions of people. This growth is producing more and more powerful social icons that have considerable influence in society. Athletes serve as role models...
1 November, 2018 Learning to live and save within your means and knowing how to manage money are some of the most important life skills you will ever master. Adopting good spending habits and sound saving strategies will guide you towards a balanced and complete...
1 October, 2018 Entrepreneurship is a post sports career option chosen by a number of retired athletes. Many athletes see entrepreneurship as an exciting challenge with lucrative wealth generating prospects; and it is, if you are someone who is a risk...
1 September, 2018 The passion athletes have for their sport is unparalleled and hard to be replaced. Unfortunately, retirement from sport at a fairly young age is a reality in the lives of most athletes. And, if retirement is voluntary, it means that the athlete is...
1 August, 2018 Personal financial planning is affected by several macroeconomic factors. Therefore when you plan your financial lives, you should take into account conditions in the wider economy and in the markets that make up the economy. As a Money Smart...
1 July, 2018 Athletes are facing different types of risks due to the special nature of their circumstances. It is an absolute necessity for athletes to insure themselves and their assets and thus hedge against these different types of risks. It is important for...
1 June, 2018 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,...
1 May, 2018 As a Money Smart Athlete, it is very important that you develop an understanding about how banks work so that you can manage your banking to your best interest. Properly managed bank accounts can reduce expenses and protect your information. ...
1 April 2018 The tax problems of professional athletes are a recurring theme. The mobility, short career span and public exposure of athletes, create unique tax challenges which need to be handled carefully. Unfortunately, most athletes do not have the...
1 March 2018 Setbacks are part of everyday life, and the manner in which they are dealt with contributes greatly to the resulting outcomes of such setbacks. Athletes have more than their fair share in setbacks, especially financial ones, which unfortunately...
1 February 2018 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 huge returns in a short period of...
1 January 2018 Personal financial planning is a lifelong process. You will be making financial decisions all your life. Sometimes you will foresee situations and plan deliberately; sometimes, well, things just happen and you will be forced to make instant...
December 1, 2017 Family, society and culture play a huge role in the development of the athlete’s financial psychology. Money is a social tool and our attitudes, beliefs and practices connected with it, are heavily influenced by the people who surround us. In...
November 1, 2017 The athlete’s brand is an integral part of the athlete’s career. An athlete’s brand is their promise to their audience. It tells their audience what they can expect from them, and it differentiates them from the rest of their kind. Through the...
The family of the Money Smart Athlete is an integral component of the athlete’s success. The lives of athletes go through transitions and changes in a much faster pace than those of everyday people. The families of athletes are very much affected by such changes...
September 19 2017 I am very excited about the launching of this blog which is a labor of love, vision and hard work. I have been working with athletes from all continents for over 20 years and throughout my career, I have witnessed the financial fall of many great...
