Coronavirus and Sports: The Economic Effects

coronavirus and sports

Sports has served as a pleasant and warm distraction in times of great uncertainty. From world wars to economic downturns, both sports fans and casual watchers of sports around the world have looked to athletes and their teams for the injection of hope. Unfortunately, the world finds itself faced with the coronavirus crisis which has put a pause on most people’s plans. This presents a turning point for the global economy. In the sporting world, where many major leagues have been shut down, this has implications. The events affect not only the net worth of athletes and their team owners but also the communities which depend on them, economically and emotionally.  Continue reading

Changes in Life that Affect Retirement Planning

retirement planning

Retirement planning is a challenging endeavour. With so much uncertainty in life, it pays to give enough thought to retirement plans. Many events take place which we do not expect. Such events can unfold new opportunities and challenges. The right plan and execution can allow one to leverage on the resources one has to improve their future.  Continue reading

How America’s Wealthiest Families Lost Their Money

wealthiest families

While the successes of the wealthiest families in America help to paint a picture of the roadmap to financial freedom and a life of abundance, the failures of some of these families can be just as effective in guiding one’s decisions as it relates to wealth creation and wealth management. Many families have built mountains of wealth, but many have also lost such wealth.  Continue reading

Should You Roll Over A Retirement Plan Distribution

retirement plan redistribution

Different circumstances arise that call for one to rollover their retirement plan. You may be left with little time and tough decisions to make. The decisions you make on whether you rollover your retirement plan and how you rollover your retirement plan distribution can have profound effects on several areas of your life, including how much you are taxed. Whether or not you rollover your distribution is not a decision to be taken lightly.  Continue reading

America’s Wealthiest Families

america's wealthiest families

Millionaires and billionaires have a solid grip on the world’s share of wealth. A report by Credit Suisse shows that the total amount of global wealth grew to $360 trillion in 2019. Almost half of the wealth is controlled by millionaires. What is perhaps more jaw dropping is that half of the world’s net wealth belongs to the top 1%.  Continue reading

Highest Earning MLB Rookies

MLB rookies

With the new MLB season on its way, a lot of talk is spreading on how rookies will perform against the old hats of the league as teams fight for glory on the diamond. Rookies will get their chances to not only set their mark on the field but also show why they are being paid so much. No doubt, some rookies will find themselves with higher pay checks by the end of the season while others may find themselves on the dreaded invisible list to free agency. Continue reading

Highest-Earning Soccer Players

soccer pitch

For as little as $1, you can own a soccer ball, a small price compared to the whooping high salaries that soccer teams pay their players to play the beautiful game. Since the early 2000s, salaries in the world’s most popular soccer leagues have increased by unprecedented amounts, as record prices continue to be set annually for household names and even new faces to the big leagues. We wonder, who are the highest-earning soccer players?

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Highest Net Worth Basketball Players in 2019

basketball-nab

It’s a new year for the NBA. The players are dunking, the nets are swishing, and the endorsement deals are still rolling in. 2019 in the NBA brought us many surprises and many golden moments, the effects of which will still be felt in 2020. In 2019, many teams and players lost on their hopes of championship glory but their net worth could serve as consolidation.  Continue reading