Why is it so crucial for highly paid athletes to understand their finances early in their careers?
Kevin Stewart joins us on Taking Care of Business this week with Paul Cheetham-Karcz as they discuss how footballers often struggle to cope with their finances once their professional careers come to an end. Kevin speaks on why he decided early on in his career that he had to think about his future and how he didn't want to move on to coaching as many other athletes do.
They go on to discuss what it was like for Kevin to play with some of his childhood heroes, such as Steven Gerrard, starting his own podcast, and what motivates him to make sure he will be financially secure for the future.
In this episode:
2:15 - Realising how unprepared athletes are for life post-career
6:30 - Changing the culture within football
7:47 - The start of Kevin's career - Importance of support from parents
10:00 - Competitiveness at an early age
13:38 - Playing at Tottenham
14:03 - Release from Tottenham and move to Liverpool
16:45 - Initiations into 1st teams
17:43 - The mindset of playing with Steven Gerrard
22:24 - Leaving Liverpool to join Hull City
24:00 - The difference between being in academies to being a regular 1st team player
25:40 - Dealing with abuse from football fans
29:17 - The discipline of a businessman versus an athlete
36:43 - The difference in finances of an athlete compared to the average person
39:40 - Kevin's mindset behind understanding his finances and making good decisions early
42:15 - Learning about tax led to a passion for property
44:20 - Why Kevin started his own podcast
50:43 - Are there many similarities between the mindset of a business owner and athletes?
53:00 - Are you best suited to a team sport or an individual sport?
54:38 - A winning mindset - Having belief in your team
58:42 - Seeing players around you excel
1:00:52 - Does behaviour drive results, or do results drive behaviour?
1:03:04 - What does the future look like for Kevin?
Why is it so crucial for highly paid athletes to understand their finances early in their careers?
Kevin Stewart joins us on Taking Care of Business this week with Paul Cheetham-Karcz as they discuss how footballers often struggle to cope with their finances once their professional careers come to an end. Kevin speaks on why he decided early on in his career that he had to think about his future and how he didn't want to move on to coaching as many other athletes do.
They go on to discuss what it was like for Kevin to play with some of his childhood heroes, such as Steven Gerrard, starting his own podcast, and what motivates him to make sure he will be financially secure for the future.
In this episode:
2:15 - Realising how unprepared athletes are for life post-career
6:30 - Changing the culture within football
7:47 - The start of Kevin's career - Importance of support from parents
10:00 - Competitiveness at an early age
13:38 - Playing at Tottenham
14:03 - Release from Tottenham and move to Liverpool
16:45 - Initiations into 1st teams
17:43 - The mindset of playing with Steven Gerrard
22:24 - Leaving Liverpool to join Hull City
24:00 - The difference between being in academies to being a regular 1st team player
25:40 - Dealing with abuse from football fans
29:17 - The discipline of a businessman versus an athlete
36:43 - The difference in finances of an athlete compared to the average person
39:40 - Kevin's mindset behind understanding his finances and making good decisions early
42:15 - Learning about tax led to a passion for property
44:20 - Why Kevin started his own podcast
50:43 - Are there many similarities between the mindset of a business owner and athletes?
53:00 - Are you best suited to a team sport or an individual sport?
54:38 - A winning mindset - Having belief in your team
58:42 - Seeing players around you excel
1:00:52 - Does behaviour drive results, or do results drive behaviour?
1:03:04 - What does the future look like for Kevin?