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I Manage Money for Pro Athletes: 3 Things I Tell Them To Do With a Cash Windfall

Investment advisory services are provided by Pacific Capital Wealth Advisors, Inc. (doing business as Pacific Capital), an SEC registered investment adviser. The firm only transacts business in states and jurisdictions where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability.

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Professional athletes receiving large signing bonuses can secure long-term stability by diversifying their investments. Chad Willardson of Pacific Capital advises dividing funds into three key areas: safety (low-risk accounts for liquidity), passive income (like real estate or bonds), and long-term growth (stocks, private equity, or venture capital). Allocating across these “buckets” protects against economic downturns, helping athletes avoid bankruptcy and maintain financial security.

For a deeper look into how entrepreneurial success, read the full article here.