WASHINGTON — From the very first time a professional athlete sets foot on a court, field, or diamond, they need to start considering their life after sports. They also need to be thinking about whether they can afford their retirement — from day one — just like the rest of us should.
Hold on, you’re probably thinking! Professional athletes can make millions of dollars over the course of their career. The last thing they have to worry about is money, right?
The truth is most pro athletes have very short careers that range, on average, from about three years for football players, to less than six years for basketball and baseball players. Many of these players leave the game before the age of 40 with injuries that will last a lifetime. But, because they have focused on only one thing their whole lives — becoming a professional athlete — many of them have given little thought to how they will approach their life after the final whistle blows.
The prestigious Women’s Health Women in Sport Awards recognise and celebrate Australia’s female athletes – from grassroots through to elite professional level – and their achievements over the past 12 months. This year we are honouring some truly outstanding sportswomen who have performed outstandingly within their respective sports.
Award: Local sporting champion
Criteria: We salute the grassroots' greatest – this woman competes and gives back to her sport at a local level. It’s time to give her some recognition. She’s well-known around her local community, not just for her performance, but for supporting others in her sport. She exemplifies the spirit and ideals of a true sportswoman both on and off the field. She is not necessarily pulling a wage from her sport and may be in other full-time employment.
The sporting events taking place are varied not just in discipline but also in format. Some, like the FIFA World Cup or the Women’s Hockey World Cup are national team events taking place every four years while others, such as the Tour de France and Wimbledon are annual prizes.
These events differ greatly, but the athletes involved all share one thing in common: preparedness is essential if they hope to succeed. From training and tactics to travel and diet, all aspects of an athlete’s life require intense preparation.
Financial planning is also an essential aspect of preparedness for an athlete. In their early careers, many will be focused solely on one objective – winning their match or race or event. However, as they become more successful they need to think about how...
BE Modern Man is an integrative program that honors the essence, image, and accomplishments of today’s man of color. With features of today’s leaders, executives, creatives, students, politicians, entrepreneurs, professionals, and agents of change—these men share the common thread of creating a new normal while setting the bar in tech, art, philanthropy, business, and beyond. The BE Modern Man is making a positive impact, his way, and has a story to tell.
Hence the existence of independent SMSF auditors, whose role is to check compliance and maintain the integrity of the SMSF sector through yearly audits.
From July 1, 2019, this will change for eligible SMSFs as a result of the government's 2018 budget announcement that the compulsory audit cycle for SMSFs will be extended from one to three years. This "reward" will be available only to SMSFs which can demonstrate a clear audit report for three consecutive years and have lodged their annual returns in a timely manner.
The rationale is it will assist trustees by reducing red tape. Reality or wishful thinking?
The cost of annual audits depends on many factors such as the number of members, how active the fund has been in terms of its investments, the complexiti...
“A good adviser’s goal is always trying to create a focus on what your balance sheet is today, what it can be in a certain period of time, and what that lifestyle could be later on,” he says. In that light, his job isn’t simply to help assess a client’s risk tolerance or investment style, but also to help that client determine their vision. Adds McCarthy:
“Essentially our goal is not just to educate on the nuts and bolts of how to get there, but also start painting a picture of the future if you do the right things and continue to grow your b...
Phil Waugh is an ambassador of the R U OK campaign, which seeks to encourage all Australians to meaningfully connect with people around them and support anyone struggling with life. He talks about the power of conversations to change lives for the better.
He was as tough as nails on the rugby pitch, playing at the elite level for the NSW Waratahs and Wallabies for over a decade. But beneath the hardened exterior of perhaps one of rugby’s greatest openside flankers, lies another side to Phil Waugh; an advocate for the emotional and mental wellbeing of all Australians.
And with an annual price tag of $60 billion being spent on mental ill health, it’s a cause close to Phil’s heart.
“Good mental health and wellbeing underpins the way we go about doing everything in our lives; it underpins the way you live your life, every minute of every day. So, for me, it’s very important that people spend the right amount of time to ensure they are in the best possible mental state,” Phil says.
Performance anxiety in sports is far more common than most people think. It affects both the inexperienced and professional athletes and generally occurs when an individual feels overwhelming pressure to nail a certain task.
Commonly known as nervousness, it almost always occurs in the face of competition, leaving sufferers feeling a strong sense of apprehension leading up to and during the match.
It can lead to debilitating anxiety attacks, poor concentration, indecision, loss of confidence, muscular tension, headaches, increased heart rate, excessive sweating and a possible reluctance to continue in the sport if left untreated.
These physical and psychological effects tend to have a negative impact on athletic performance, so it is important to look at ways of managing it. Here, Lysn Sport's Psychologist Shayne Hanks discusses shares some simple tactics to help alleviate the symptoms.
1. Focus on the task at hand
If you focus on results or outcomes it is easy to worry about things go...
A Perth lawn bowls club that faced closure due to an ageing membership and rising costs has become a thriving community social hub, thanks in part to the conversion of some of its greens to rollerskating rinks.
Mark Cameron, the vice-president of Bayswater Bowling Club, told ABC Radio Perth Focus that closing down was a real possibility seven years ago.
"If it wasn't for the major uproar from the community in Bayswater in being extremely vocal, I think it would have been a done deal," he said.
Media player: "Space" to play, "M" to mute, "left" and "right" to seek.
"We had fewer bowls players and the costs associated with running a bowls club is something that gets on top of many of the small clubs in Australia."
The key to staying open was not to encourage more people to take up lawn bowls, but to open up the club to different sports and introduce social memberships that allowed people to come, even if they weren't playing sport.
Homeless roller hockey meets struggling bowls club
The imposing figure of Ante Covic has stared down world-class strikers in some of the most hostile arenas in world football.
And come out on top.
In his two decades as a professional goalkeeper he's won the Asian Champions League (and been named most valuable player of the tournament in the process), been to a World Cup, secured an A-League title and had a starring stint in Sweden.
But now, at 43, he must tackle the most daunting challenge of all. Something experienced by most at half his age.
Entering the traditional workforce for the first time in his life.
"It's been difficult," he admits.
"You don't really understand what it is until you leave the game and realise [what] you don't have any more and not knowing where to go, what to do, what's available or what drives you other than football," he said.
Since retiring from the A-League in 2016, Covic has remained involved with the game, playing semi-professionally in the National Premier Leagues NSW, and coaching at schools.
A sports anti-corruption consultant says professional gamblers are avoiding betting on World Cup matches involving host nation Russia because of doubts over their integrity.
"I'm certainly worried about it," Mark Phillips, director at Global Sport Integrity, said.
"I know there are professional gamblers who are looking at these matches in Group A — Russia, Uruguay, Egypt and Saudi Arabia — and saying we can't bet on those games, because they don't know if they're going to be completely straight."
Mr Phillips admits the evidence for integrity breaches is purely circumstantial, but he argues the reputation of soccer's governing body FIFA has been badly damaged.
Allegations of kickbacks and bribery within FIFA came to a head eight years ago, during the bidding process for the rights to hold the 2018 and 2022 World Cups, which were eventually awarded to Russia and Qatar respectively.
"I think Russia has been very lucky that Qatar won 2022," sports administrator and FIFA whistle-blower Bonita Me...
The world’s top-ranked player disproves the adage that 80% of life is showing up
THE men’s tennis season is one of the most arduous slogs in professional sports. Most players kick off their season the first week of each new year in Australia, then travel the globe to compete multiple times a month in an attempt to qualify for the year-end championships, held in London in mid-November. The off-season is barely worthy of the name, and is often insufficient for competitors to recover from a year’s worth of nagging injuries, not to mention developing new skills and tactics for a fresh campaign. The tour is undergoing a health crisis of sorts, as Rafael Nadal, Novak Djokovic, Andy Murray and Stan Wawrinka, all victors of multiple grand-slam tournaments, are ageing and either absent or struggling to overcome physical woes. Some players—including Milos Raonic, a 27-year-old Canadian who is also on the comeback trail—attribute their absences to the excessive rigors of the schedule.
Rugby Australia CEO Raelene Castle has revealed plans to target public schools and capture Australia's best schoolboy talent as pressure from the nation's two major football codes intensifies.
Castle penned an op-ed piece in The Australian on Friday, detailing a plan to rebuild the identity of rugby in Australia.
In the piece, Castle highlighted the recent poor performances of Australia's Super Rugby clubs as a major front facing issue which has long dominated the narrative and left many fans disheartened.
And while all parties involved in the top level of Australian rugby are desperate to snap the trans-Tasman streak, reclaim the Bledisloe Cup and generate some much needed positivity as a result, Castle pointed to the nation's talent pool as an area which the code must immediately address in order to ensure long term success.
"For rugby to remain relevant in a congested sporting market, it is important there are multiple ways that people can engage with the game and there are partici...