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Miami CFP Jamel Gordon Explains How Top Prospects Can Secure Financial Freedom From Their First Pro Contract

Jamel Gordon shows the top ways that NCAA athletes can create generational wealth and escape post-career bankruptcy.

Jamel Gordon shows the top ways that NCAA athletes can create generational wealth and escape post-career bankruptcy.

(Miami, FLORIDA / Jan. 25. 2022) – Signing the first contract as a pro athlete can be misunderstood by the athlete and their inner circle. As they think they signed a $30m contract, they live & spend as if they’re bringing home $30m. When unexpected issues arise like taxes or a shortened career, long-term financial problems come with it. This explains why 78% of NFL & 70% of NBA athletes go bankrupt within 5 years of leaving the NFL. While wealth planning is a marathon, not a sprint, athletes, in particular, must prepare to make their earnings last for the long haul. We asked certified financial planner Jamel Gordon to show the top ways that NCAA athletes can financially prepare for life in & outside of pro sports.

The benefits of adhering to the right financial plan are life-changing. not only does it help the athlete but it also helps loved ones that depend on them. It is essential that athletes make the effort to create budgets that allow for unexpected changes in lifestyle, tax liabilities, and emergency and retirement savings. As tempting as it is to spend your first paycheck on a luxurious lifestyle, compounding interest makes it far more profitable to pay yourself first and your investment accounts before you satisfy a desire for status.

The best ways for young players to financially set themselves for life include creating a budget, setting up appropriate financial accounts, as well as creating & conserving financial assets. According to Jamel “Life is filled with changes, from marriage and childbirth to divorce and death, all of which will have a profound effect on your lifestyle and your finances. As you pass through these transitions, it is critical that you keep your eye on the end goal and protect yourself and your financial future.”

Jamel Gordon, a financial advisor with Provenance Wealth Advisors, properly maps out each investment and financial plan to suit each of his client’s specific needs with customized planning. As an accomplished professional with a reputation for helping high-net-worth clients, he helps identify their financial goals and achieve them through holistic financial planning. With Jamel’s cousin being a 7 year NFL veteran, he’s been involved in the world of pro sports since the year 2000. Since then he’s helped pro athletes create and implement financial strategies that have helped his clients become financially free for life.

Jamel’s focus is geared toward athletes, entertainers, retirees, and entrepreneurs. As an NFLPA registered player financial advisor, he has a passion for working with athletes and helping them plan wisely for the duration of their careers and through retirement. He is also a Board member of the Sports Business and Leadership Association.

To take the first step on your journey toward building wealth and improving financial literacy contact Jamel at:[email protected]

Contact: Jamel Gordon
Phone: (954) 712-7037
Website: https://www.provwealth.com/team/jamel-gordon-cfp/
Social Media: https://www.linkedin.com/in/jamel-gordon-0aa279182/
Address: 515 East Las BLVD 16th floor Fort Lauderdale, Florida 33301

Securities offered through Raymond James Financial Services, Inc., Member FINRA/SIPC. Investment Advisory and Financial Planning services are offered through Raymond James Financial Services Advisors, Inc., and Provenance Wealth Advisors, a Registered Investment Advisor. Provenance Wealth Advisors is not a registered broker/dealer and is independent of Raymond James Financial Services, Inc.

Jamel Gordon’s status as a Registered Player Financial Advisor does not constitute an endorsement or recommendation by the NFLPA of the Registered Player Financial Advisor, or his/her qualifications, or services. The NFLPA is not affiliated with Raymond James Financial Services.

There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. Moreover, nothing contained in this PR should be construed as a recommendation to buy, sell, or hold any investment or security, or to engage in any investment strategy or transaction. It is your responsibility to determine whether any investment, investment strategy, security, or related transaction is appropriate for you based on your investment objectives, financial circumstances, and risk tolerance. Consult your business advisor, attorney, or tax advisor regarding your specific business, legal, or tax situation.

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