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 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 this lesson, we discuss how the pursuit of money is all about trying to meet either emotional or psychological desires and identifying these desires will give athletes greater control over their financial behavior.
Topic: Financial & Life Skills Program
Module: 2
Professional Athletes
LESSON PROGRAM & COMPONENTS
LESSON DETAILS
Understanding your financial beliefs and behaviors
Dealing with the sudden wealth phenomenon
Coping with family and societal pressures
The importance of developing a strong set of financial skills
Financial setbacks and how to maintain a positive attitude
Use your athletic strengths to overcome financial setbacks
