Whether it’s Evander Holyfield, the former boxer and heavyweight champion of the world who misspent nearly $250 million or former NBA star Allen Iverson, who despite making over $200 million in salary and endorsements over the course of his career is reportedly now broke, squandering a vast fortune is becoming an all too familiar story among retired professional athletes.
A skilled money management professional, however, following the tips outlined above, not only can help pro athletes steer clear of wasteful spending habits but help them work toward thriving long term by facilitating a lifetime of wealth preservation for them and their family.
Andrew Ahrens is president of Ahrens Investment Partners, a wealth management firm with over $750 million in brokerage and advisory assets under management . Based in Louisiana, Ahrens Investment Partners is focused on serving a high net worth client base comprised of successful professionals and business owners, as well as affluent families and individuals in retirement.
