Finance is all the time thought of to be an alien material to the bulk.
To look past the numbers and attempting to discover what is called ‘FINANCIAL FREEDOM’ is the necessity of the hour. This may be carried out by turning into ‘FINANCIALLY LITERATE’ and understanding the patterns and the finer nuances of our private funds.
If in case you have the query, ‘Why are we boggling our minds over finance being within the sports activities area?
Isn’t it one thing that the geeks ought to fear about’?
The significance and relevance of finance, particularly in Sports activities is one thing that’s typically neglected. Proper from managing the non-public funds for athletes, understanding the implications of their sponsorship offers, event bills, taxes they incur for specialised companies that they supply or which are being offered to them and the varied classes that concern sports activities finance as a complete are fairly essential for them to grasp.
Having this purview, Merely Sport Basis partnered with the Anantapur Sports activities Academy (ASA) for its FEMALE ATHLETE LEADERSHIP PROGRAM (FALP), to find out how conscious the feminine athletes are, concerning the expertise which assist them transcend sports activities and assist them of their private improvement. We performed a centered group dialogue with the feminine athletes on the academy to grasp their varied wants for upskilling and development which incorporates monetary literacy. Our consultants developed a module specializing in the rudimentary areas of finance like private finance, managing cash, saving
and investing, banking fundamentals, digital monetary instruments, so on and so forth.
Understanding the overlap of sports activities and finance:
Sportsmanship – The standard of sportsmanship, somewhat the SPORTSWOMANSHIP if you’ll 🙂
(No pun supposed) are the qualities like FAIRNESS, COURAGE, PERSISTENCE. These are someof the qualities which are required in monetary independence as properly, so as to obtain
monetary freedom. It was inspiring to see how the athletes are attempting to imbibe these
qualities at such a younger age.
Zeal to ‘beat the chances’ – We realized that the athletes on the academy have been from all walks
of life and the spark that they arrive with, supplies us all of the motivation to excel at what we
do. The Zeal to ‘get it proper’ is the angle that one must have of their investing journey
Grassroot in all honesty – The emotion that we have been capable of sense on the academy with all
the tales that the feminine athletes needed to supply of attempting to construct their sporting careers from
the scratch made us perceive how their trajectory has yielded them the specified outcomes
may be in contrast with how they are going to have the ability to carry ahead the identical narrative after they
start to handle their funds and count on the specified returns.
The GROWTH mindset – It’s fairly obvious how the younger ladies are attempting to place their greatest
foot ahead to take advantage of the alternatives that they’re supplied with, be it in phrases
of studying the required expertise which are pivotal to the actual world or their respective sport,
they arrive with a GROWTH mindset to implement continuous studying. This is likely one of the key
ideas of constructing WEALTH.
The Story Forward – Whereas the feminine athletes on the academy include a development mindset, it’s evident that they convey with them the 4C’s of Sport – Confidence, Management, Dedication and focus. It’s only ‘Onwards and Upwards’ from right here, we’re excited to see how the impartation and emphasis on monetary literacy goes to assist them excel at their sports activities and past.
Creator Meghana is an avid fan of tennis, a badminton fanatic, and a Bcom graduate. With a eager curiosity in numbers, she has cleared the muse degree of Indian Chartered Accountancy and is presently pursuing Chartered International Administration Accountancy (CGMA-UK). She is an beginner artist and a bibliophile.
