Why Athletes Aren’t Bad With Money
Athletes get told they’re bad with money. Elijah Blomquist, Bespoke’s first employee, says that story misses the point. In this episode of the Bespoke Audio Collection, Claire Martin talks with Elijah about financial planning for professional athletes and why leading with “education” talks down to people who often came out of top programs on full scholarships. What athletes are usually short on is time, and an advisor who is transparent and lets them own the decisions.
What Does Financial Planning for Professional Athletes Involve?
Privacy and asset protection, and why how you title what you own matters
- Jock tax: what changes when you play in multiple states
- Managing the circle of managers, agents, and advisors that keeps growing
- Why athletes should have room to back their own convictions
- Why athletes get sold the pipe dream more than almost anyone
- What athletes and first-generation entrepreneurs have in common
What Should Athletes Ask After Any Financial Pitch? Elijah leaves listeners with one question: what’s the worst-case scenario, and how are you built to withstand it?
About the Guest Elijah Blomquist is Bespoke’s first employee and works with professional athletes on wealth planning.
Go Deeper Read Elijah’s article, Wealth After the Win: Financial Strategies for Professional Athletes.