Blog
Professional athletes require unique financial planning due to the amount of compensation and timing of the earning career. Athletes, with their families, should create a financial plan that spans the playing career, transition to post-play career and long-term life goals.
Information for educational purposes only.
Franchises
It'll cost you nearly nothing to open a Chick-fil-A pic.twitter.com/5uHN2qkVU4
— Business Insider (@businessinsider) October 24, 2017
It’s the fit.
A style expert explains what 'business casual' actually means pic.twitter.com/hKeXJ48BUf
— Business Insider (@businessinsider) October 13, 2017
Meditation
Use @DeepakChopra's guided 3-minute meditation to stay focused pic.twitter.com/nvzWyEDtvl
— Business Insider (@businessinsider) April 21, 2017
Recovery.
A physical therapist explains how to recover from a tough workout pic.twitter.com/hUsYJduB4l
— Business Insider (@businessinsider) September 7, 2017
Frame.
Stress doesn't have to be a killer — here's how to use it to your advantage pic.twitter.com/lqj20G1u6f
— Business Insider (@businessinsider) September 8, 2017
Alex Rodriguez’s money advice to his younger self
“I don’t like missing two shots in a row.”
He bought three Mercedes in one day pic.twitter.com/dorKqlETC4
— Business Insider (@businessinsider) November 13, 2017
Sleep.
Falling asleep can be tricky — this is the best way to do it pic.twitter.com/4uBuUU3gET
— Tech Insider (@techinsider) October 8, 2017
Flow.
How the concept of flow can help you get 'in the zone' at work pic.twitter.com/2NLgGN6HOa
— Business Insider (@businessinsider) September 10, 2017
What you should consider before buying a car
A financial planner shares how to avoid ending up with a car you can't afford pic.twitter.com/PwxDG7zn2Z
— Business Insider (@businessinsider) December 9, 2017
Visualize.
.@MariaSharapova explains how to hit the perfect serve in Episode 4 of "Off the Table". Hint: it starts with visualizing! pic.twitter.com/qisqlMvTRR
— Charlie Rose Show (@CharlieRoseShow) October 13, 2017
“I’m not turning on data roaming.”
LeBron James the penny-pincher. pic.twitter.com/bOEb61EWSJ
— ESPN (@espn) October 15, 2017
Traits of the super rich
.@DrCraigMalkin reveals outstanding traits of the super rich pic.twitter.com/v7aKwfzejA
— Business Insider (@businessinsider) December 17, 2017
Spending plan, clarity of goals, self-improvement, deliberate practice
Spending habits of self-made millionaires from a guy who studied rich people for 5 years pic.twitter.com/4Y3hiLgrNX
— Business Insider (@businessinsider) December 7, 2017
Positive mental outlook
Tom Corley explains the common personality traits in self-made millionaires pic.twitter.com/x44pEDg3Bi
— Business Insider (@businessinsider) December 5, 2017
Rich Habits
Mr. Corley’s books, Rich Habits and Change Your Habits, Change your Life, are available on Audible.com.
Tom Corley explains the bad spending habits that rich people always avoid pic.twitter.com/eChfQV7v0q
— Business Insider (@businessinsider) December 2, 2017
Buy vs. rent
Buy vs. rent — finance expert weighs in on how you should decide pic.twitter.com/4o12wE0snC
— Business Insider (@businessinsider) June 3, 2017
Save 75%, spend 25%
Shaq has a simple piece of advice for NBA players who don't want to lose their millions pic.twitter.com/PGY7KeLoCx
— Business Insider (@businessinsider) November 19, 2017
3. Become financially literate.
Kareem: 20 Things I Wish I’d Known When I Was 30
Kareem Abdul-Jabbar, April 30, 2013
“Dude, where’s my money?” is the rallying cry of many ex-athletes who wonder what happened to all the big bucks they earned. Some suffer from unwise investments or crazy spending, and others from not paying close attention. I was part of the didn’t-pay-attention group. I chose my financial manager, who I later discovered had no financial training, because a number of other athletes I knew were using him. That’s typical athlete mentality in that we’re used to trusting each other as a team, so we extend that trust to those associated with teammates. Consequently, I neglected to investigate his background or what qualified him to be a financial manager. He placed us in some real estate investments that went belly up and I came close to losing some serious coin. Hey, Kareem at 30: learn about finances and stay on top of where your money is at all times. As the saying goes, “Trust, but verify.”
Build a Great Team
Johnson Says There’s No “Magic” to Business Success
Tiffany Black, March 18, 2011, Inc.
Johnson: “When you are a successful business person, you are only as good as your team. No one can do every deal alone.”
Q: You have multiple businesses and you are the personality or spokesperson for so many of them, how do you manage it all?
Johnson: “Again, it’s putting together a great executive team and great people who work to manage the businesses. That’s No. 1. No. 2, I do very few deals. I turn down more deals than I actually do. They have to be the right deals. They have to be the right corporations.”
Johnson: “Make sure that you don’t have a ‘good’ staff or a ‘good’ management team, but a great one.”