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Ep 92 Money Before It Shows Up: Preparing Young Athletes for Financial Success
What happens when an 18-year-old suddenly has more money than they’ve ever seen, and no one has taught them what to do with it? Financial advisor, UVA professor, and author Tom Henske has spent nearly three decades helping families and athletic departments answer that question, and he calls the risk “Sudden Wealth Syndrome.” It isn’t reserved for pro contracts or million-dollar deals. It can hit with a first NIL check, a scholarship, or a first real paycheck, and it explains why smart, hardworking young people so often make costly money mistakes. Tom breaks down the psychology behind “Ready…
The skinny
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