There is a lot of financial responsibility after obtaining a large sum of money. Your main goal should be able to take the money you receive from your contract and make it work for you and your family. Here 5 things you should do right after you sign a contract.
1. Set up a personal balance sheet and give yourself a spending limit.
Pro athletes and other affluent individuals tend to be primary targets for unscrupulous financial professionals. It is crucial to conduct thorough research when looking for a financial advisor. A successful, long-term relationship with your advisor can be beneficial to you and your family. Here are a few key factors to consider when hiring a financial advisor.