Episode 64
"Athletes and education… people tend not to mix them. And I think they do a disadvantage to athletes in the process."
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Sound credits: Levels by Yung Kartz ($HMONEY theme song - intro/outro music)
Edited and produced by Anastasia Barbuzzi, founder and creative director of $HMONEY ($HMONEY Radio).
Episode Summary
Today's episode of $HMONEY Radio introduces a new topic to the show: women in sports, more specifically, financial literacy levels amongst athletes and their overall knowledge of personal finance.
Women's basketball, hockey, and soccer leagues have seen the most money they ever have in sponsorships, and viewership numbers are on the rise. Yet, we continue to hear horror stories about athletes filing for bankruptcy just a few years after retiring from their careers or female athletes having to work more than one job or play in more than one league to pay the bills.
The thing is, it's common for "life things" like personal finances to be considered a distraction to an athlete's performance, hence why former pros end up being severely underprepared for life after retirement.
If you're a sports fan or casual observer, you might've noticed (or been enraged by) the gender pay gap for women in sports, not to mention the financial literacy gap. Pardeep Cattry, sports journalist and author of The Gist Sports Biz, weighs in on all this and more on this week's pod.
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