What is the difference between amateur and professional baseball? Money.
Overnight, with your name being called in the MLB Draft and the signing of a contract, you instantly transform into a professional. Even though this might be your first decision based on money, you have been a part of the industry of baseball for years. Everyone around you has been making monetary decisions about you for years. A few examples include:
The industry of baseball has been preparing for you, but have you been preparing for the industry of baseball?
With everyone else placing a value on you and trying to maximize their return on investment, do you know how you can maximize your value to yourself, or even where to start?
Whether you have the skillsets or not and whether you are prepared for it, you are now the CEO of a multimillion-dollar business. As the CEO, you have the responsibility of whether the business of you will succeed or fail. That is a lot of pressure, but the earlier you recognize this fact, the better you can prepare yourself to handle this responsibility and maximize your opportunity.
One of the most important jobs CEOs have is surrounding themselves with the right team. As a professional baseball player, you don’t just need to hire a team, you need to hire the right team.
Your team should consist of:
A team like this will put you in the best position to be one of the few players that makes it to arbitration and free agency as well as to avoid the 4 times more likelihood of bankruptcy that MLB players face.
This harsh reality isn’t meant to scare you. Rather, it is to help educate and prepare you to seize the opportunity in front of you. Whether you succeed as the CEO of the business of you is dependent on understanding the opportunity in front of you.
It’s time for you to get to work!
The Financial Advice You Need | MLB Draft #3
The Draft Opportunity | MLB Draft Podcast #1
Finding the Right Advice | Molly Sewald | Athlete Wives #4
Persevering Through Adversity | Stevie Rasmussen | AWM Capital Athlete Wives Series #3
Pursue Your Passion | Sarah Garver | AWM Capital Athlete Wives Series #2
Taking Advantage of Every Opportunity | Jess Skubal | Athlete Wives Series #1
Brand Building Using NIL With Former MLB Pitcher Anthony Ranaudo | NIL Series #4
Universities & NIL With LSU’s Taylor Jacobs | NIL Series #3
Navigating NIL for College Athletes with Matchpoint Connection’s Jonathan Pixley | NIL Series #2
NIL Basics for Amateur Athletes with David Fleshman | NIL Series #1
MLB Players: Are You Taking Advantage of This Tax Savings Strategy? 12/31 Deadline | Erik Averill, Travis Chick | MLB Players' Series
PGA Tour University: Everything You Need to Know | Brendan von Doehren, Aaron Goldberg | PGA Players’ Series #16
The 3 Most Common Tax Mistakes Professional Golfers Make | Aaron Goldberg | PGA Players’ Series #15
A Pro Athlete's Guide to Private Real Estate Investing | Aaron Goldberg | PGA Players’ Series #14
Moving up to the PGA Tour like a Pro: What your Wealth Management Team Should Do For You | Aaron Goldberg| PGA Players' Seriest #13
Getting Elite Access to Private Investments | Aaron Goldberg | PGA Players' Series #12
Tax Time Check List | Aaron Goldberg | PGA Players' Series #11
Disability Insurance | Aaron Goldberg | PGA Players' Series #10
WMO Week: Cover your Blindside | Aaron Goldberg | PGA Players' Series #9
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