Closing out your career as a young, wealthy athlete can come with risks. Without the proper management of one’s resources and relationships, an athlete can easily lose track of time and how to organize his or her life. With extreme and rapid lifestyle changes, the quick shift from pro or high-performing athlete to "normal" non-sport life (or retiree) can be stressful and difficult. It is not surprising that athletes need help with transition and career coaching.
Some of our clients testify that their journeys into the realm of professional athleticism came with many trials and tribulations. At LASER, we give a helping hand when you need it most.
Heed the words of these pros regarding life after sports:
Steve Smith (retired NFL player) stresses that, “The mismanagement of money doesn’t change because you have a lot of money. There are a lot of guys out there that make a lot of money and that make a little money and still live paycheck-to-paycheck. You know, ignorance of how the financial game works or managing money doesn’t exclude you because you have a lot of it. It just enables you to make bigger and dumber mistakes because you have a lot of money.”
Leon Searcy (former NFL Pittsburgh Steeler and Jacksonville Jaguar) mentioned that, ”You’ve got to find a quiet place amidst all the confusion. You have to find time to think. You’re going to have so many different people pulling at you, telling you how great you are. Women, groupies. Keep your circle small, and just listen.”
Levi Brown (NFL Arizona Cardinal) recalls that once he made it to the NFL, “All sorts of people and advisers started calling, In any business where you make a lot of money, there are people trying to get their hands on it.”