Money Smart Athlete Blog

April 2022 Editorial: Financial Literacy: The gate to financial freedom and well-being

Apr 1, 2022 | Editorials

Financial literacy lies at the core of our mission here at the Sports Financial Literacy Academy. We define financial literacy as the ability to understand basic financial concepts and utilize a plethora of financial tools and skills in order to make informed and effective choices. Years ago, the Money Smart Athlete Blog was created when we identified a critical shortcoming of sportspersons around the globe; the ability to make prudent financial decisions and ensure their long-term financial well-being. We are glad to see that in recent years, more and more people are starting to appreciate the importance of financial literacy, both in the context of sports and outside of it.

April is the official financial literacy month! Therefore, we will honor this month by going over a wide range of topics and exploring some crucial questions. Why is financial literacy important? Why is saving and investing important? How much should you save and how much should you invest? We will also discuss some practical ways on how to handle your finances, how to deal with past “financial sins”, and how to build your financial freedom. Visit our blog every Wednesday when we post new articles, to get the answers to these questions and more!

Athena P. Constantinou

E-mail: [email protected]