IN ROB’S WORDS
In 2017, I witnessed another financial injustice, this time within the world of professional sports in Texas. Some of the guys who were actively playing in the National Football League—the NFL—had to work in the off-season because their paychecks ran out. They needed money. Considering the apparently large paychecks they received, how was that even possible?
Unfortunately, it’s extremely common. Like too many other people, professional athletes don’t always understand such things as pay structure and taxes. They don’t fully realize that the limited number of paychecks they’ll receive over their career will only go so far. They don’t know how to keep their money, how to save it, or where to put it. They spend as though they’ll continually receive a paycheck, which isn’t reality.
The fact of the matter is, most schools don’t offer financial education, so most people grow up without understanding money. But when they get out of school, it’s all about the money. Understanding how financial systems work is key to living your best life because money is the energy or the mode by which the world operates.
On top of money considerations, professional athletes face a decided lack of education about preparing for life outside of sports. That leads to so many post-career issues including loss of identity and purpose. How do you transition from sports to business? Who are you now that you don’t play anymore? These and many other concerns are not addressed, but they need to be, and they’re important considerations for anyone else who might face a mid-life career change.
After meeting current and former professional athletes, we developed the Sports Division to bring empowerment to the playing field. Through the course of its development, I met an awesome young gentleman, Jonathan Scott, who had played football on the National Championship Team with the University of Texas. He was a ten-year NFL veteran and a Pro Bowler who had played in several Super Bowls. Unlike some footballers, he quit on his own terms, and he wasn’t broke when he stopped playing—a fact he credits to the financial insight gained from his father, a former football pro who had played with Joe Namath.
Although Jonathan’s father had taught him a lot, he realized that the additional information and strategies I shared with him made a big difference. He also realized that he would have put them to even better use if he’d known about them much earlier before he’d left college. Jonathan was excited about what we were doing together. He wanted to be part of the movement bringing change and empowerment to future, current, and former professional athletes, so he took an equity ownership role in the company.
Out of our experience working together, we decided to write The Winning Playbook. Although it originally targeted professional athletes, we quickly realized the contents will give an advantage to all players in the game of life. This book isn’t just about sports or money. It’s about planning ahead and making good decisions for living the kind of life you want to live—whether you’re on the field or off. It will help future high school and college graduates, athletes, and their parents navigate life.
As stated before, the most important thing we hope to achieve with this book is to offer wealth empowerment, not simply wealth management. You may have more questions when you’re finished reading, but you’ll have a solid enough background to know where to begin looking.
This book is just a start, but the key is not just letting people tell you what to do but to know the questions you should be asking and empower yourself to take control. This book is eye-opening and a tool that can help you take control of your money, life, and more.