Many people have problems in managing their finances, for example, athletes. Most of them find themselves filing bankruptcy within five years of their retirement. There are various reasons to why they find themselves in such predicaments. Today, I want to take you through the clarity project and how it will help prominent individuals or athletes in the society to be successful individuals in future.
Problems Athletics face and the solutions Clarity will offer
Athletics and football are among the liked games in the world. Athletics is one of the professions that can enable one to immerse a lot of wealth within a short period of time. Many people are taking this as their career. The types of investments they choose pursue contribute a lot in rendering them broke. Their fancy lifestyles also contribute a lot to their financial issues as they live beyond their means. Entrepreneurs also have the tendency to trust wrong people especially those disguise themselves as friend yet their intentions are to embezzle his or her cash. They need to visit qualified and recognized financial advisors to be able to allocate and use their cash in the most effective way. They also need to avoid friends and lifestyles that may affect their ability to invest in the future. Thanks to Clarity that is offering business advice and solutions to these individuals.
Another problem associated with athletes financial mismanagement is misplaced trust. There are people out there who look for any opportunity to exploit others. As soon as sportsmen or women start to gain their wealth they are surrounded by individuals with ill intentions. For example, they are normally exposed to false financial advisors, investors, friends, and ill motivated family members. Every individual will be offering them advice on how they can supposedly manage their funds to be able to avoid financial problems in the future. Such group of people will offer any kind of financial help at a fee higher than what they would be charged by professional individuals. For example, a friend can offer to manage an athlete’s expense at a fee of approximately 5,000 dollars every month. There are also others who will prepare his or her tax obligation also at a fee of close to 100,000 dollars. Athletes are ever busy making more money in the field without a clue of what might be happening with their accounts. Most of them are never bothered to take some time to analyze their accounts to ensure everything in okay. Instead, they again hire other unprofessional individuals to do financial audits. As a result, they end up losing more cash instead of coming up with a remedy to their financial issues.
SOLUTIONS CLARITY WILL OFFER
Clarity qualified financial advisors will also enable an athlete to make good investment decisions to be able to maintain their lifestyle after they retire. For example, they can advice them to invest in the stock market rather than going for gambling. The fact that athletes make a lot of money while young means that they are vulnerable to all kinds of exploitation. Nonetheless, befriending experienced and renowned financial advisors will enable them deal almost if not all financial problems. Clarity will help them on managing their data and this will help them to maintain their data safe from unauthorized users. Also, Clarity uses a blockchain platform that uses escrows and smart contracts to guarantee safe and secure transactions.
Conclusion
Athletes also have problems with the way they spend their cash. Most of them live beyond their means. They develop lifestyles they cannot sustain in the future after they retire. Generally, athletes will want to own fancy clothes, jewelry, cars, and mansions. They procure such things in absurd levels without a consideration of the consequences of making such decisions. It is very common to find an athlete owning a 10 million dollar mansion and over 10 pieces of cars costing at least 125,000 million dollars. Similarly, the temptation of spending their nights in expensive restaurants and five star hotels are always high. Clarity will help these individuals to create a better life for their team and family, a better business for themselves, and at the end ensure a better world for all.
REFERENCES
For more in-depth information, please visit the sites below.
Website - https://clarityproject.io/
Whitepaper - https://www.clarityproject.io/wp-content/uploads/2018/07/whitepaper-v2.5-min.compressed.pdf
ANN thread - https://bitcointalk.org/index.php?topic=4479431
Twitter - https://twitter.com/theCLRTYproject
Facebook - https://www.facebook.com/theCLRTYproject/
Telegram - https://t.me/theCLRTYproject
Author: Gitagiajose
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2303447
Ether Wallet: 0x1547fB0fBb1dA830af27F4D015E6f5f2F4F00c7c
