Lauryn Williams
speaker
55 appearances
1 recordings
1 series
first heard Aug 2024
last heard Aug 2024
Lauryn Williams’s voice in public audio — every appearance, attributed to the second.
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Appearances
So you go and you get a job after sport and it's not earning as much as you were.
And now you're having a hard time covering the mortgage for the house that you thought you could pay for because you weren't thinking 30 years down the road.
I train my athletes to treat themselves like a business.
So they're going to have a business account.
The money is going to come in separately to that business account.
And the business expenses are going to come out of that business account as well.
And then you're going to pay yourself a salary.
In order to manage the expenses, we also have to kind of plan ahead for the things that you wouldn't see coming.
And athletes have a hard time doing that, like I said, in the moment when they're doing really great and their income is really high and they're reaching out to a financial advisor.
It's because they feel invincible.
But I'm like, hey, what happens if we're injured?
What happens if you don't ever get to compete again?
And so what does that look like?
What does it look like to have enough set aside to be able to cover those expenses?
Those are the things I'm talking to athletes about.
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