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FOXBusiness.com’s Kate Rogers on how athletes can plan for making career transitions after they retire from the sports world.
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Positive close on the now let's get right to business and let's welcome to the program Kate Rogers from foxbusiness.com.
To discuss a -- articles he's just wrote posted to the website foxbusiness.com.
But also Ernst and young in the way that there helping athletes.
Prepare for their life after sports especially female -- -- yes which -- the edifice well Ernst and young they have this great program that they're tying into the 2016 Olympics and it's all about connecting.
Women who were elite athletes during a career so mostly olympians.
With successful business women and politicians.
Helping them meet a career transition -- -- the worlds of sports.
So many people they spend their careers in sports trying to just excel at their game and they're not focusing on what they'll do after the fact.
And at the same time their peers are climbing the corporate ladder and moving up and their careers so in this country's higher they may not have a -- Saturn interest charity developed that they can meet that smooth transition.
T didn't do they have the difficulty making that transition because they spent so much time preparing for whether it's the -- -- at the pinnacle of their sport.
And that they're not concentrating on the Chris.
Well one of the things that I found -- about this I spoke with gone pro and they are a firm that actually helps athletes at all different ages and stages of their athletic career -- the transition and they said.
That a lot of times that need brand power that you have when you're an -- or even a college athlete.
He died out after we have yet that's on the you know right now but the sport from the soccer -- yes and says -- iconic theme is and she's been able to capitalize on her name brand but somebody who -- college football perhaps in spent their entire college -- doing that they don't -- -- Your name brands from can only last for so -- if you don't striking our own hot hot.
You may not have many options once you're out of the game and another thing that I'm some of the women at Ernst and young African particular she's one of the chairs of this program.
She -- me that women also don't tapping into their network while there playing pro sports because they're so focused on -- and they're not reaching out.
To all the people -- surround them with.
To find isn't expertise it.
This -- -- little bit of -- statement but it comes from -- anyone listening just ally athletes have a hard time post script because game playing is over but that the athletes seem to take that.
The athletic portion of their lives as seriously as a career -- -- -- -- to -- -- -- balance I mean you have to be singularly focused on one issue at a time right.
Exactly so there are some things that athletes at all different stages of their careers can do.
One of the things that they can think about is seeking a career assessment tests no matter what level there and so.
You know athletic careers don't last forever -- mid career assessment -- -- what skills you could possibly align with outside the world of sports he what interest you and what options you have -- and then take it again when you're getting ready to -- the sports world.
I have a question -- I -- to read to a big any rights athletes are no different than the rest of us no matter how good they were at what they did doesn't mean they will be good at anything else.
And then some of them open up their -- Just makes it worse -- -- and the thing is silly not everyone is gonna be in me hammer Michael Phelps.
They're gonna have endorsement deals -- other us allies and a lot of these olympians wants the -- that they -- able to compete and once that opportunities over don't have many options.
Says so you know as we sort to wrap all of this you know money management is a big issue not only with the college age athletes the female athletes but.
You know you hear constantly about professional football players he -- about multimillion dollar.
Contracts -- I'd -- to see statistically probably take this -- on the percentage of professional athletes who go.
Broke after there becoming -- over.
Financing -- properly -- I was reading just earlier about Vince Young he was blowing 5000 dollars a week at the Cheesecake Factory.
That is one way to go broke really quick things like not -- and shape up yeah.
Well that's yeah so definitely the money doesn't last for iron unit is fifteen -- need to plan ahead.
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