The Temptation of Keeping Up: Making Sound Financial Decisions
Update: 2024-12-11
Description
In this episode, Wendy and Daynia are joined by Max and Hannes Grasher from UBS International to discuss financial literacy for professional athletes and their families. They stress avoiding harmful influences, like Predators, Exploiters, and Pretenders, and the temptation to keep up with established teammates. The guests emphasize the need for education in financial concepts and the establishment of good habits early in athletes' careers. They also highlight the crucial role of family members, especially mothers, in guiding financial success, and offer tips on selecting financial advisors, including questions about fees and long-term goals. The conversation wraps up with examples of athletes who have built wealth and the importance of instilling financial values in future generations.
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