Book an Appointment

Category: Sports

Mental health is important and something that should be talked about.

https://www.mcleanhospital.org/essential/athlete-mhhttps://www.mcleanhospital.org/essential/athlete-mh Long article on mental health and how to deal with challenges in sports. Key takeaways for me would be the identity shift after sports. Something I found tough to adjust to, these steps are helpful for any athlete making that transition.

Is he ready? His dad left a legacy in sports and is still making impacts in football. Does his son also have what it takes, why does that matter? Why can’t he create his own legacy without comparisons?

Awareness and understanding of core personal finance principles including the following:

  1. Budgeting

    • Understand the definition of budgeting and why it’s important
    • Understand the types of budget approaches
    • Learn the general process of budgeting
    • Develop a clear understanding of the tools and resources for implementing a budget
  1. Saving and Reserving
    • Understand the types of savings vehicles
    • Learn the process of goal setting and matching savings to specific goals
  2. Credit and Debt
    • Understand the purpose of credit and debt
    • Learn the types of credit and debt and the appropriate uses of each and when to use credit/debt
  3. Insurance
    • Understand the purpose of insurance
    • Learn the types of insurance (i.e. life, health, etc.), types of coverage, and the common uses of each
  4. Investments
    • Description of Account types and investment vehicles
    • Overview of markets, asset classes, and financial instruments
    • Understand the common uses of each of the general financial instruments within the context of wealth building and wealth preservation.