7 Jun 2022

361

Psychology of Athletes and Money

Format: APA

Academic level: Master’s

Paper type: Coursework

Words: 307

Pages: 1

Downloads: 0

Principle of empathy- Besides feeling sorry for the athlete, Athlete Development Specialist should empathize with the athlete (Barell & Marken, 2020). Empathy refers to one’s ability to understand an athlete’s situation. 

Principle of acceptance- This principle requires a specialist to accept an individual the way they are (Foyle & Redick, 2015). An athlete may have social, physical, physical, and cultural conditions that differ from the specialist conditions. 

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Principle of non-judge- The specialist should not be judgmental (Foyle & Redick, 2015). The specialist should not comment negative or criticize athlete complaints harshly. 

Principle of communication- The specialist should create an atmosphere that will allow an athlete to open up and communicate. Types of communication practiced during counseling include verbal and nonverbal communication. 

Principle of confidentiality- Confidentiality allows an athlete to trust the specialist. A specialist is supposed to keep the information given to them by the athlete private. 

Individuality- The specialist is required to handle their clients uniquely since athletes are different (Marken, 2020). Individuality requires a specialist should respect the problems of the athlete. 

Question Two 

An athlete should be advised on how to spend their money (Foyle & Redick, 2015). Most athletes face pressures to buy the latest things in the market; this could be cars, houses, or designer clothes. People expect an athlete to live a flashy lifestyle. Athletes should be taught how to use their many wisely to avoid getting broke during retirement. 

Helping out is a noble duty; for this reason, athletes should be taught how they are supposed to give out to charity; this includes friends and family (Foyle & Redick, 2015). Giving out gifts unreasonably can hinder individual growth. An athlete should focus on how they can help an individual become independent. 

An athlete should consult a financial advisor to help their finances since they are brands just like companies (Barell & Marken, 2020). Financial advisors enable an athlete to make informed decisions about their money. 

An athlete should be encouraged to live within their means (Barell & Marken, 2020). Athletes should set goals that are measurable and achievable to help them obtain financial security. 

References 

Barell, J., & Marken, D. (2020).  Fiscal Literary Introduction; Marken and Barell  [Image]. Retrieved from https://ufl.voicethread.com/myvoice/thread/8917899/50321082 

Foyle, A., & Redick, J. (2015).  Winning the money game  (pp. 1-63). 

Marken, D. (2020).  What is Money and Begin with a goal  [Video]. Retrieved from https://mediasite.video.ufl.edu/Mediasite/Play/79c749ae3c6c444fac9afdac8b7fe0591d 

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StudyBounty. (2023, September 14). Psychology of Athletes and Money.
https://studybounty.com/psychology-of-athletes-and-money-coursework

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