1059: Black Wealth Matters: NBA Sports Agent Dominique Stapleton

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 22 June 2020

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

According to the National Bureau of Economic Research, 15.7% of NFL players have filed for bankruptcy within twelve years of retiring. A Sports Illustrated article reports that 78% of NFL players and 60% of NBA players face major financial challenges post retirement. Dominique Stapleton is not only a sports agent, she is a financial educator to her clients who desperately need literacy and guidance. After working with athletes on their money for a few years Dominique wanted to offer her clients more. This year, she became a Certified NBA sports agent and vows to be the bridge between athlete success off and on the field. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So Money episode 1059, Black Wealth Matter series continues with
0:04.0	NBA sports agent Dominique Stapleton.
0:06.5	You're listening to So Money, with award-winning money guru
0:11.0	Farnu Shosh Karabi.
0:12.6	Each day get a 30 minute dose of financial inspiration
0:15.8	from the world's top business minds, authors, influencers,
0:19.5	and from Farnu's herself.
0:22.2	Looking for ways to save on gas or double your double coupons?
0:25.0	Sorry, you're in the wrong place.
0:28.0	Seeking profound ways to live a richer, happier life.
0:31.0	Welcome to So Money.
0:34.6	That's how my company kind of got formed.
0:36.6	And I started thinking, if I can get athletes
0:38.8	to trust me with their money,
0:40.5	then it'll be an easy transition
0:42.2	to get them to trust me with their career.
0:45.0	Get this everybody.
0:46.0	According to the National Bureau of Economic Research, 16%, nearly 16% of NFL players have filed for bankruptcy within 12 years of
0:55.2	retiring and a Sports Illustrated article says that 78 percent of NFL players and 60% of NBA players face serious financial hardships after
1:06.5	retirement.
1:07.5	Why does so many athletes go bankrupt?
1:09.4	My guest today has the answers and a solution.
	...

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