While we all tend to treat professional athletes like gods and goddesses, the truth of the matter is that they are all just human like us. This means they face the same daily challenges that many of us face. In fact, some of them may face even more than we do. That said, money management is a problem we all have to face one way or the other, and it has gotten more challenging due to the ongoing pandemic. If you are an athlete currently facing money management issues, here are some ways to help you cope.

Your small business is on the hunt for a Chief Financial Officer, but you’re at a crossroads between selecting an in-house candidate or daring to outsource a professional. A vital component of your business’ financial stability is collaborating with an expert who knows numbers—and how to project them.

Different lines of work come with different types of earnings and tax implications. Some people might wonder how artists or athletes handle their taxes, given their source of income and the nature of their work. The best of the best can earn significant sums when competing—and these earnings are subject to some form of taxation! If you’re an athlete who has already earned from competing or training to compete in the big leagues, then considering athlete financial management may be the best course of action for you.

Athletes need to realize that they can experience financial hardships, just like any occupation. Although you may be at your peak now, that doesn't mean that you won't lose your thunder as you get older. This is why athletes must have a long-term financial plan.

While many athletes earn high salaries, their careers are often short-lived. Their paycheck highly depends on the sports they play, their performance, their contract terms, and the injuries that can affect their careers. Because of this, they need to seek athlete financial planning to save for their retirement and attain financial stability, especially when their money will not always roll in steadily.

While taxation is difficult, athlete financial management is a must, as ignorance of the law is never an excuse. Once you become an international athlete, you are subject to a different set of rules and regulations ...

As an athlete, one of the toughest challenges you’ll ever face throughout your career is getting a grip on your finances and doing all you can to keep everything in line.

Taxes are a headache for everyone, athlete or not. If you have not considered working with a CFO advisory yet, do so right away. Many baseball athletes ...

This year has been very different for actors worldwide. Financial advisors for the entertainment industry would advise you to broaden your horizons and consider other jobs at the moment.

On average, professional athletes who manage to land big-figure contracts from teams looking to source their talent face the challenge of handling a large sum of money at a young age. 

Athletes who make it to the professional leagues can often be blinded by the lights and swayed by their paychecks. This can cause issues when their careers do not work out.

Working your way up to professional athlete status is no simple feat—and it’s incredibly rewarding. Nothing speaks a thousand words like a six or seven-digit paycheck, even for just a few years.