Editorials

August 1, 2019 Athletes may earn substantial amounts of income but within the limits of a short time span, usually 10 to 15 years.  The average annual salary of an athlete can be anywhere from 50 to 100 times more than the average household income both in the...

July 1, 2019 All professional athletes strive for excellence in their field; this is considered the norm and it is expected of every professional athlete.  However, only a handful of them acquire ‘elite’ status which of course translates to stardom and in...

1 June, 2019 Electronic Sports, commonly known as Esports, have been gaining a lot of ground during the past decade.  Esports are computer gaming which has been organized at a professional level and it is competitive.  There is a lot of controversy as to whether...

1 May, 2019 The Olympic Games are considered the world’s foremost sport competition with the participation of thousands of athletes from over 200 nations, competing in a variety of sports.  Participating in the Olympic Games itself is considered a great honor and...

1 April, 2019 With April being financial literacy month, the Money Smart Athlete team celebrates financial literacy and shares views on the positive impact that financial literacy has on athletes.  Being financially literate is useful to every one of us, no matter...

1 March, 2019 Sport is a universally shared human culture and as such it should be equally shared by men and women across the globe.  Women’s history in sport is fairly new though, it just dates back to the 19th century.  The first time that female athletes...

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...