Did you know …
There is a 72% chance that you as a pro athlete will go broke or face serious financial distress 2 to 5 years after retiring from your sport ?!
Here are some of the major reasons (in no particular order):
* Elaborate spending
*Bad financial advice
* Child support / Alimony
* Buying for friends and family
* Emotional, high-risk investments
* Theft
* Off the court/field lawsuits
* Excessive gambling
This number is staggering but COMPLETELY AVOIDABLE with the proper financial coaching, planning,
& Long-term investment strategies. With the correct investment diversity, asset protection and tax strategy there is no reason you shouldn’t turn your career earnings into GENERATIONAL WEALTH! Sports Wealth
Management will be your “Concierge” of all things financial. Our comprehensive services afford you the
time to dedicate your efforts toward your career and gives you the peace of mind knowing all your
financial endeavors are in the best hands possible. We can work with your existing agent, attorney,
banker, etc.… or you will have access to the industry leading team of professionals we have assembled
here at Sports Wealth Management (giving you fewer points of contact on a daily basis).
We will start planning your second career with you when you sign that first contract. With the
proper planning and execution, your second career is ready before you ever retire from your sport … this
makes the emotional transition so much easier.
Now let's look at some less serious stats about the sports world:
# Of pro athletes - 12,000
Percentage of females - 16%
Percentage of males - 84%
Avg career over all sports - 5 years
Percentage that makes pro - 2%
Avg NBA yearly salary - $8.3m
State with most pro athletes - Texas
Hardest sport to go pro in - Boxing
Most athletic sport - Boxing
Sport with best athletes - Baseball
Sport requiring most skill - Swimming
Most fit athlete - LeBron James
Sport with most injuries - Basketball
First billionaire athlete - Michael Jordan
Richest sport - Football
Safest sport - Tennis
These last set of statistics are not only interesting but should serve as a reminder that you have beat enormous odds to be where you are as a professional athlete. It is an accomplishment most people will never achieve, but you have, so why not make the most of your financial rewards from such a "once in a lifetime" opportunity?!
Whatever your sport and whatever your end goal, we can get you there at Sports Wealth Management!
"Time is of the essence, let's get started today!"
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