Sports Professionals

Before becoming a Diploma-Qualified Financial Adviser, I played professional golf worldwide.

One of the critical lessons I learnt during my career in professional sports was the significant impact of financial stability on performance. My earnings were directly correlated with my performance-better play resulted in higher income. However, this also meant my income was inconsistent, making financial planning challenging. The pressure of financial uncertainty can affect performance, even among the world’s best athletes.

Success in sports, which often translates to substantial earnings, might suggest easier financial planning. This is something I certainly believed when I was playing. But the statistics tell a different story. I was astonished to discover the high rate of bankruptcy among professional athletes soon after their careers end. The likely cause is a lack of appropriate financial planning to sustain the lifestyle they had grown accustomed to once their income ceased.

Having experienced firsthand the impact of financial insecurity on performance and having observed and studied the benefits of long- term financial planning in preserving funds and maintaining lifestyle, I now work with athletes to ensure that life can continue smoothly once their competing days are over.

Luke Bangerter

Links Wealth Management Limited
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