The first thing you’re going to think about is how to spend the money. You’ll think about the things you might buy or daydream about new potential scenarios for your life. This is completely normal and what we’re conditioned to do. Just take a look...
It’s All about the Dollars and Cents Successful stewardship of a financial windfall mandates that you have difficult conversations. They are going to happen, and they are not easy. You have to accept this and take responsibility for having them in a productive, respectful way. Through...
This is an awkward conversation and one that’s normally avoided; however, it’s essential to have, financial windfall or not. If you don’t understand every part of a person – including his or her financial situation, then you don’t really know him or her. You’re with...
Everything is Temporary There was someone doing your job before you, and there will be someone after you. While it might not seem this way right now, you have a brief window of time in which to maximize your earnings before this part of your life...
Acclimate Regardless of whether your windfall is anticipated or unexpected, it’s essential that you take time to adjust to your new situation. Things are unfamiliar and the ultimate goal at the beginning is to minimize bad decisions. I’ve seen many first-year NBA players make regrettable big-ticket...
The Need to Fit In How many people can say they made it to the professional level in a sport? It’s the best of the best, and you want to show that you belong both on and off whatever court or field you play on. So,...