Advice for Draftees and young athletes ahead of their big day and season that has just started.

The early mornings, long practise drills, gruesome workouts, for some young athletes all this dedication is about to pay off with a professional league contract.

If selected players will celebrate glory and prepare for the next leg of hard work yet to come, set in place a sound financial plan. Here are 3 principles for a players financial long-game plan.

1. Assemble a Team

Every player and his family need the right financial coaching staff. Find a financial Advisor, a certified accountant. Look for experience and balance and people who are not afraid to tell you things that you may not always want to hear. Athletes have high profiles and need to be careful who they hire. Be-careful of instant rich wealth through risky investments.

2. Build a Budget

Young players seem to deposit their pay checks in a bank account and never pay attention to how much they are spending- only to wake up one day to discover they did not build enough funds for their future.

3. Think Long Term

One Tackle leading to an injury is all it takes to alter a career and the road to recovery is always uncertain. If a minor injury becomes severe, a player can find himself out of a job for the season, with no team willing to sign him. If a player was prepared financially for that possibility, he will enjoy the breathing room he needs to rest, recover and get back to what they love doing best.

Young athletes achieve celebrity status very early with so many people telling them what they want to hear all the time, its important that he/she has a team of advisors who will always tell them what they need to hear to keep them on top of their game.

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**This material is for information/educational purposes only. It does not provide individually tailored investment advice.