The PE Coach Looking to Help Athletes Break the Old Financial Stereotype

The video discusses the evolving financial strategies of athletes, highlighting a shift from traditional endorsement deals to investing in business infrastructure and media ventures. Mark Patricof advises athletes to leverage their social equity during their careers to build business connections. Athletes are increasingly involved in media, creating their own companies to capitalize on their brand and content. This proactive approach is exemplified by figures like Kobe Bryant, who pioneered this new wave of athlete entrepreneurship.

What is the new trend among athletes regarding wealth management?

• Avoiding any business ventures

• Investing in business infrastructure

• Seeking larger endorsement deals

• Focusing solely on sports performance

What advice does Mark Patricof give to athletes about investment timing?

• Invest only in real estate

• Avoid investments altogether

• Invest while still playing

• Invest after retirement

How does Mark Patricof help athletes connect with business leaders?

• By organizing business seminars

• By providing a list of local leaders during travels

• By hosting networking events

• By introducing them to financial advisors

Why are athletes increasingly interested in owning media companies?

• To compete with traditional media

• To provide fans with exclusive content

• To control their public image

• To avoid taxes

Which athlete is mentioned as a pioneer in the new wave of investment thinking?

• Kobe Bryant

• LeBron James

• Grant Hill

• Michael Jordan