Financial Strategy Checklist for Athletes of All Backgrounds

Why This Checklist Matters

Financial success in athletics isn’t just about how much you earn during your playing years—it’s about how well you manage, grow, and protect that income for long-term sustainability.

Whether you're actively competing, transitioning out of the game, or building your second career, this checklist is designed to help athletes at every stage create financial strategies that support both your current lifestyle and future goals.

Income & Spending

✅ I know how much I spend monthly (essentials vs. lifestyle)

✅ I’ve created a flexible monthly and annual budget

✅ I’ve identified all income sources (contracts, endorsements, business ventures, real estate)

✅ I’ve planned for inconsistent or seasonal income

✅ I’ve accounted for one-time or irregular expenses (relocation, training, taxes)

Healthcare & Insurance

✅ I understand my current and future healthcare options

✅ I’ve reviewed disability and long-term care insurance needs

✅ I’ve budgeted for recovery, rehab, and ongoing wellness expenses

✅ I’ve considered mental health and performance support

✅ I have a plan for medical costs beyond athletic coverage

Investments & Wealth Building

✅ I have a diversified investment strategy aligned with my goals

✅ I understand the risks and benefits of each investment type

✅ I regularly review and rebalance my portfolio

✅ I’ve set up automated contributions to long-term accounts

✅ I avoid high-fee or speculative investments without a strategy

Business & Income Longevity

✅ I’ve explored multiple income streams beyond sports

✅ I’ve built or invested in ventures that align with my values

✅ I have a trusted team for legal, tax, and financial planning

✅ I’m clear on my post-athletic career vision

✅ I’ve created a long-term income sustainability plan

Estate & Legacy Planning

✅ I have a will and/or trust in place

✅ I’ve named and reviewed my beneficiaries

✅ I’ve assigned a power of attorney and a healthcare proxy

✅ I’ve talked with family about my long-term wishes

✅ I’ve considered charitable giving, scholarships, or foundations

Lifestyle & Identity Planning

✅ I’ve defined what success looks like off the field

✅ I have a plan to stay mentally and physically fulfilled

✅ I’ve addressed the identity shift that may come post-competition

✅ I’ve explored passions or business interests outside of sport

✅ I feel empowered about my life beyond athletics

Your Financial Confidence Score

Count your checkmarks:

  • 26–30: You’re well-positioned—keep refining and stay proactive.

  • 18–25: You’re making progress, but there’s room to strengthen your strategy.

  • Under 18: It’s time to build a plan that protects your future—and we can help.

Let’s Make It Happen

💼 Want help turning your earnings into long-term financial freedom? Schedule your complimentary Athlete Financial Strategy Session today.

© 2025 InFocus Wealth Strategies and MVP Money Moves are service brands of DeWitt Investment Research & Management, Inc., doing business as DeWitt Capital Management.

Disclaimer: The information provided on this site and its blogs is for educational and informational purposes only. It does not constitute financial, legal, or tax advice. Always consult with a qualified professional for guidance tailored to your individual circumstances. The examples, illustrations, and sample checklists are intended for general reference and are not meant to reflect any individual or family's specific needs or outcomes. They are provided to demonstrate concepts and do not guarantee future results.