RIVERWOODS, Ill., July 13, 2012 /PRNewswire/ -- CONGRATS CLASS OF 2012! An amazing opportunity lies before you. You are going through one of the most significant of life transitions. You have the chance to make more money in the next few years living out your (and every other kid's) dream of playing professional sports than you might have made as a regular guy working a lifetime.
DON'T BE ANOTHER STATISTIC! You are an amazing story but unfortunately we've seen this movie thousands of times before and already know how it may end. Statistically, you will not be playing in 5 years and you'll likely be broke. Some of the biggest names in your given sport can't get a loan despite their earnings. Want a different ending to your story? We can help you!
DON'T BE INSANE – defined as doing the same thing over and over and expecting a different outcome. Don't do what so many have done before you...Listened to people that told them only what they wanted to hear, failed to save and never realized the importance of being "taught" how to achieve True Wealth – real happiness having all the things that money can't buy.
BEFORE YOU SPEND ONE DOLLAR on those new rims, that new car, house, jewelry, family, women and so on, figure out how much you need to save each month, each year and total over the next 3-5 years so that you can support your lifestyle for the next 40+ years. Also remember that the things you buy today cost a lot of money to keep every year.
PEOPLE NEED TO TELL YOU LIKE IT IS...SO HERE IT IS!
While people want to be around you because you are a professional athlete, you will likely be taken advantage of by virtually everyone you come in contact with from your relatives and business advisers with access to the hot, new private placement or limited partnership deals to the car guy bending you over on your car lease; you need to know what's coming.
BECOME EDUCATED. It may cost you some money to hire a professional to help identify how you might define and achieve True Wealth but, as you know, a sound game plan will help you win games. Understand with whom you are working and make sure they acknowledge in writing that they have a "fiduciary" obligation to do what's in your best interest. If they won't do that, run don't walk away from them!
THERE IS A DOWNSIDE, RISK AND FEES IN ALMOST EVERYTHING! Know in advance how the people you work with make their money, how much you are expected to make, how you could lose some or all of your money and how much it costs to be involved.
IT'S YOUR OWN STORY...Make sure you define what your own True Wealth looks like and work with a Life Transition Specialist so that you can navigate through life with meaning and purpose.
Media Contact: Nicole Mayer, Partner
SOURCE RPG-Life Transition Specialists