Home Economy How to manage your money like an NHL hockey player

How to manage your money like an NHL hockey player

252
0
SHARE

Stew Gavin, former NHL player and president of Gavin Hockey Wealth Specialists, advises pro hockey players on how to manage their finances.Dane Coote/The Canadian Press

TORONTO — Even before Jamie McLennan made it to the NHL and began earning a top-athlete’s salary, he learned a hard lesson about how “money attracts a lot of good people and a lot of losers.”

While he was still playing in the minor leagues, he and many of his peers invested in a beanie hat company that aimed to sell its wares at the 1996 Summer Olympics in Atlanta. In the end, the company never lived up to its promises and his $5,000 investment disappeared.

“He took our money and spent it, and probably lived high on the hog for a few days,” said McLennan, who went on to be an NHL goaltender for 11 seasons and is now a hockey analyst for TSN.

McLennan’s loss was relatively small, but the story is all too common.

LEAVE A REPLY

Please enter your comment!
Please enter your name here