What Professional Athletes Teach Us about Personal Finance

What Professional Athletes Teach Us about Personal Finance

If you’re familiar with sports, then you’ve probably seen the post game interviews. I don’t know about you, but I LOVE to see inside the mind of professional athletes. The level of dedication, passion and analysis can be remarkable. It is no surprise they make it to the top of the top within their sport.

I wrote my full thoughts on everything I’ve learned from professional athletes in my latest guest post, Personal Finance Lessons from Professional Athletes.

Here’s the intro from my post:

The best part about personal finance is that we don’t need to be in the top 1% of the top 1% of “financial gurus” to be successful. The same does not hold true in the world of professional sports, where even the top 1% of the top 1% will still fall short to even greater athletes.

While professional athletes are notorious for going bankrupt years after signing multi-million dollar contracts, I still find that athletes offer many valuable lessons on what it takes to achieve a large goal.

Achieving financial independence is an example of such a goal.

I love the post game interviews with athletes.

Here are guys on both sides, who typically have ‘left it all out there’, completely exhausted and still trying to catch their breath. What surprises me in these interviews, is how often you see how clear their focus is towards their sport. Complete, unrelenting focus in the face of countless potential distractions.

Most athletes in our society benefit from money, fame, extreme athletic ability, huge support systems, etc. Their opportunities are practically limitless, but instead, they’re consistently focusing 100% of the time on the next game a few days away.

It was great to post on Apathy End’s site. If you haven’t tuned in to his articles, do it now. He brings a lot of great value to the personal finance community with his insights and perspective. He’s also one of the first bloggers I’ve come to know as I started my site earlier this year.

When you get a moment later today or this weekend, swing over to the article by clicking here.

-Matt
Master Distiller

2 comments… add one
  • FinanceSuperhero Jul 8, 2016, 8:41 am

    Here are guys on both sides, who typically have ‘left it all out there’, completely exhausted and still trying to catch their breath. What surprises me in these interviews, is how often you see how clear their focus is towards their sport. Complete, unrelenting focus in the face of countless potential distractions.

    Great observation, Matt; the block above resonated with me most. Imagine if we all applied that kind of intensity and focus on a daily basis.

    • Distilled Dollar Jul 10, 2016, 12:20 pm

      I have no doubt, most of us would be more successful within one realm of our lives, but the joy of not being a pro is that we can enjoy many different aspects of our lives. To me, pros make plenty of sacrifices so they can focus only on their sport.

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