responsibility

With great success come great financial opportunities, but also additional pressure and responsibilities. Professional athletes may suddenly find themselves earning excessively large sums of money, which they may have a hard time having control over. It is quite easy for sudden wealth to cloud one’s financial decision-making and judgement. This is especially true for a lot of athletes with humble financial backgrounds, who eventually meet success and want to treat themselves, as well as the people close to them. This newfound wealth can be a great opportunity to create a better life for themselves and their family or a trap, leading to financial distress, if it is not managed properly.