Do not go out first thing after signing a contract and buy assets that are huge compared to the contract signed. Just because you have money for the first time doesn't mean you have to spend it before you know all the ramifications of buying the assets.

Just like the athlete who has mapped out a plan to become one of the best athletes in the world by putting together a training program and executing it, he too should map out a financial plan from the beginning of his athletic career throughout every stage of his career.

One of the most important aspects of an athlete's financial life is that he needs to be personally responsible for his own finances.

Mark Goulston Quotes