How to Make the Most of Your Professional Athlete Career
Few things are more exciting to an athlete than being picked in the professional draft. That contract is worth millions of dollars and a chance to do what you love. There are a few things professional athletes should do to make the most out of their careers. After all, many spend less than 6 years playing the sport they love. Capitalizing on the limited amount of time can help set the stage for something great beyond sports.
Future Planning
One of the best things you can do for your future is use financial planning for professional athletes. These services help you plan for a future beyond sports. Many athletes immediately upgrade their lifestyle to match those millions in that draft contract. However, before buying that mansion and Benz, you might want to speak to someone knowledgeable about wealth. They can help you set up an estate plan in case something happens to you, invest your money wisely and develop a budget to keep your wealth far into the future.
Healthy Living
Professional athletes are often hard on their bodies. By planning to care for your body right from the start, you can help reduce the challenges others have faced. One way to do that is to see a nutritionist to properly fuel your body beyond the rigors of practice. While many teams offer these services, not all athletes take advantage of the advice. Incorporating healthy food that fuels your body can help reduce the strains of constant use required to excel in the sport. Many athletes may also benefit from incorporating stretching activities beyond those at practice. Yoga can help increase muscle tone and flexibility that helps with joints offering long-term benefits even when no longer playing.
Philanthropic Ventures
Many professional athletes take an active role in the communities they live in and grew up in. Several have founded worthy philanthropic companies offering valuable services whether they take the credit or not. There are many benefits to athletes for starting these kinds of ventures. For one, giving back has positive effects on a person’s mental and emotional well-being. Athletes can also take advantage of the tax savings of giving to charities. Volunteering can help bring a positive image to you and the team you play on.
Career Prospects
While being a professional athlete may have been your dream growing up, many athletes go to do other things beyond sports. Consider what might hold your interest when sports are no longer the sole source of income. Use these skills or go back to school to create a new career.