Your Financial Fitness Starts with THE LAB!
Educating our community, one at a time.
“Your mission is balance and stability on the court. Our mission is balance and stability off the court” - The LAB
Playing overseas is exciting and challenging, from your first contract to your last, this life is full of ups and downs. Having been in your shoes before, we here at The LAB are hoping to provide players with a clear cut plan to put them in charge of financial planning for their future. As you understand, playing professionally is a full time job, so then why aren’t the majority of players given the opportunity to create a foundation for the future? What if I told you that it is much easier than you think? No matter how much money you make, we can implement a plan that you would benefit from. Most jobs provide 401ks for their employees; what are overseas players offered to secure their future? We as former players all had these same questions and at THE LAB, we are here with the answers.
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On average the season can last anywhere from 6-8 months. This includes 2 practices per day (everyone’s favorite), long travel, difficult games in hostile environments…and then you come home. But what do you have to show for it? The average overseas player is living contract to contract, and has few means to create financial stability. By investing in
yourself and your future, you will attain peace of mind that will improve performance, on and off the court.
Having played professionally, we fully understand what comes with this particular lifestyle. For a lot of us who played abroad, we prayed that we would get our salary each month. This is no way to live. Sacrificing your body on a daily basis without knowing if you will be compensated has to be THE most disappointing aspect of the entire overseas experience, and is the primary reason THE LAB was created. Allowing us to help you create the financial stability you desire, will enable you to push forward through any uncertainty, because no matter what, YOU are in control of your financial future.
We are a devoted to current & former players, their friends & their families.
As athletes we like to think that we can play forever, and as we all know, father time is undefeated. When that day comes and the ball finally stops bouncing, will you be prepared? How many hours have you spent perfecting your craft? The real question is: How much time have you spent preparing for your life after basketball? As former players we are here to tell you that the world does not end once your basketball career is over. It is a scary thought, but we can not stress to you how important it is to prepare for this day because no one can avoid the inevitable. As a financial planner for athletes, our goal and mission here is to guide you along your journey and help prepare you for this reality.
We have been exactly where you are and we know exactly how it feels, but we cannot stress how important it is for you to be prepared for your next journey. Imagine as a rookie, creating a security blanket for yourself that will grow and be a vital part of your transition into the life after basketball. Most of us develop tunnel visions and get lost in the present but here at THE LAB we encourage the “Big Picture” and will be there to guide you every step of the way.
The LAB247 was created to assist athletes along their journey to financial literacy. Our goal is to inspire generations of athletes to take control of their financial future. We understand that we are living in uncertain times, and we are here to help create peace of mind for you and your loved ones. Having a financial planner will help you succeed as an athlete, during and after your career.
Although we are focused on helping current, future or former athletes, we provide our services to anyone interested in a secure financial future. If we can help an athlete with a multi-million dollar salary then of course we will be able to help you as well. It’s not about how much you earn over a lifetime, it’s about how you plan for retirement and secure your families future. Call us Now! We want to help!