How many of your students are going to be pro athletes the day after high school graduation? Ask that question and I bet a lot of hands will go up in your classroom. Everyone wants to be the next Peyton Manning. The next A-Rod. The next Serena Williams. The next Tiger Woods. Well, maybe not him so much anymore, but the point is, so many students want the lives of these athletes because of the huge sums of $$$$ being pull down each year. Sports Illustrated just released their annual "Fortunate 50" list. It seems Mr. Woods is still doing OK despite his, ahem, "marital issues."After asking your students the question about becoming pro athletes, ask them to tell you what they are going to do with all of their millions once they sign that huge contract. Put them on the spot, make them give you specifics.
If they fail to give you an informed and practical answer tell them that they are not alone. This article is chock-full of examples of athletes that had no clue about financial planning and investing wisely. Make it required reading for each student that raised his or hand.
If they fail to give you an informed and practical answer tell them that they are not alone. This article is chock-full of examples of athletes that had no clue about financial planning and investing wisely. Make it required reading for each student that raised his or hand.
