Professional Athletes – Module 03 – Creating a winning team of advisors

Athletes are advised to have a support circle in place, which will help them in the implementation and management of their financial and life plan. They first have to deal with fulfilling their sports career needs in terms of support, by having a mentor, an athlete mindset and performance coach, etc. Then, athletes need to become acquainted with how to assemble a competent financial team to help them design and implement their financial lives. There are important lessons to be learned from a plethora of athletes who have financially failed, and 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, accountants, investment advisors, agents, etc., have defrauded athletes by advising them to invest in various potentially “high and fast profit” schemes. In a lot of cases, athletes not only lost the money they had invested, but also ended up being accused of tax fraud.

Topic: Financial & Life Skills Program
Module: 3