Aug 8, 2017
“The way people see their money is so interwoven into who they are.”
Pete Bush, certified financial planner and advisor joins The MindSide Podcast this week to discuss the intangibles needed for managing a person’s (including elite athlete’s) wealth.
Bush dives in to the importance of the relationship between a financial advisor and their clientele by highlighting the “bond” that is formed between the two when one’s money is being trusted in another person’s hands.
“Once you’ve helped a person understand who they are and what their financial personality is, then that trust just develops.”
What does personality have to do with money? Everything. Bush digs into the nature of elite athletes by exposing 3 of the most encouraged and important characteristics which they have been coached to live by: aggressiveness, overconfidence, and a sense of invincibility. Pete then draws the parallel between these characteristics in the game, and the way financially awarded athletes deal with their money.
“Reality gets distorted as far as how hard it is to come out of the game and transition into more normal expectations around monthly income.”
We hope you enjoy this podcast as much as we do.
For more information on The Mindside: Sports and Performance Psychology, visit: www.themindside.com