Tag Archives: Athlete Wealth Management

LINKS!!!

LINK: Tesla Starts Producing Its Model 3
The first Tesla Model 3 rolls off the production line!
It’s finally here! The first Tesla Model 3 rolled of the production line on July 9th, as Elon Musk tweeted a photo of the newly-built vehicle. According to a series of tweets, it was poised to be delivered to Ira Ehrenpreis, the first of four hundred thousand people to put down the $1000 pre-order deposit. As it turns out, Mr. Ehrenpreis was kind enough to let Musk have the first ever production vehicle.
The new Model 3 has a base price of $35’000, making it the most affordable Tesla to date.

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Another Professional Athlete Goes Through Bankcruptcy Proceedings…

Christian Laettner was one of the best college basketball players of all time. He was talented, tenacious, psychologically strong and did whatever it took to win.

Unfortunately, it seems that he too has succumb to an all too common financial legacy among professional athletes: bankruptcy.

LINK: Christian Laettner Avoids Bankruptcy

The culprit in Laettner’s case seems to have been overly aggressive investments in real estate. Baseball player Lenny Dykstra lost a lot of money trading options. However, most athletes just fail to create and stick to a disciplined investment strategy that is meant to guarantee that they and those dearest to them are provided for long after they stop receiving big paychecks.

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