Top 50 Reasons Professional Athletes Remain Wealthy - Webflow

Top 50 Reasons Professional Athletes Remain Wealthy

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They pay themselves first

They don¡¯t take financial advice from poor people

They read before they sign

They take advice from generational wealth experts

They know the difference between someone that makes a lot of money and someone that is wealthy

They begin with the end in mind

They tax plan all year round

They insure themselves for all types of risk

They have a Will/Trust

They wear condoms

They fill the Safety/Security bucket first

The don¡¯t chase another dream, they live the existing one

They don¡¯t lose money

They get their family out of debt before buying a gift

They invest in education for themselves and their family

They compete to save

They delay the gratification

They trademark their name/brand

They give

They pay attention

They love a sale

They learn to play golf

They network

They compete on the court not in the locker room

They necessitize before they accessorize

They buy the right watch not the bright watch

They embrace compounding interest

They stay organized

Their rims are 21¡± or less

They empower their friends to get jobs not give them one

They redefine the meaning of money

They read books

They have hobbies

They learn to play chess

They seek out mentors

They learn to say NO

They have multiple revenue streams

They don¡¯t mistake the end of their pro career for the end of their life

They assemble a trusted locker room outside of sports

They know the next generation is watching

They take responsibility

They choose the percentage they live off before their lifestyle chooses for them

They spend less than they make

They buy where they live not necessarily where they play

They hold others and themselves accountable

They know their credit score

They retire with no debt

They know if it sounds too good to be true it probably is

Their money is patient

They are curious

-Joe McLean

Managing Partner, Intersect Capital LLC

? 2018 Intersect Capital LLC

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