Pep-talk for new professional football players
Description
Vocal Characteristics
Language
EnglishVoice Age
Middle Aged (35-54)Accents
British (General)Transcript
Note: Transcripts are generated using speech recognition software and may contain errors.
Congratulations. You're a pro, your career won't change overnight, but your life will, from now on, you will have to make millions of money related decisions. It will help to decide on a few simple principles to make those decisions easier. Let's break them down into four areas, spending, saving, investing and taxes. We'll start with the latter. Did you know you will lose 50% of your income to taxes? Think of your wages as half of the amount you're actually getting paid this way, you won't be tempted to spend in ways you can't afford taxes are taken from your wages automatically, but your club could occasionally submit an incorrect tax return. That means you may end up paying less or more than you need to believe it or not. This is still your responsibility and you could receive tax bills worth thousands of pounds. So it's important to review your taxes every year and make sure they're correct. Thankfully, at close view, we have accountants that manage this for you still, it's crucial that you understand how it works. Now for spending always spend less than you make. Sounds obvious, but it can happen without you realizing if you can't buy something twice while still keeping half your wages that month, you can't afford it. Split it like this. Commit 25% or less to spending 25% to saving and 50% to investing. Bear in mind that saving and investing aren't the same thing. One is meant to grow your wealth while the other is there to preserve it. This leads us to the next point. Saving. Simply put, if you struggle to save money, you'll never be successful. You need the skill of delayed gratification. That's the ability to resist immediate rewards to obtain valuable outcomes in the future. Remember these words, wealth whispers. You don't need to show how much money you have with worthless things. You're an athlete, not a fashion model or a rapper, there will be a time to buy nice things but that time isn't now surround yourself with people that value real success. Last and most importantly, investing, it's simple, make safe investments for a long period of time. We take a simple approach to investing because we know it works. Financial advisors will use all kinds of jargon to confuse you into paying them more. Wherever there's a large commission, there is a high probability of a rip-off, we will help you come to a simple and easy to understand investment strategy and that's it. If you have any questions, you can always email us at finance at close view dot com. Welcome to the life of a professional.