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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.
Wealth can only be protected by strength
“Hannah Arendt, a postwar philosopher, once said that the most dangerous thing in the world is to be rich and weak. Wealth can only be protected by strength, as unlike the poor, the wealthy are envied and have things others want, and unlike the strong they are subject to power. My father used to say that the richest man in the world couldn’t survive a cheap bullet. The same is true of nations. Wealth without strength is an invitation to disaster.”
-George Friedman, Flashpoints: The Emerging Crisis in Europe
An NFL player’s net income
A NFL player’s net income is front-loaded while expenses continue for the rest of their lives. To transition smoothly to your second career, work out a saving and spending plan.
