Buy Time: A Career As A Sports Agent

With money manager as one of my jobs as a sports agent, it is my responsibility to make this concept explicitly clear to my clients. Failing to adhere to this philosophy results in many athletes becoming broke after spending their money continuously on expensive and unnecessary purchases. I will use this guideline when consulting a client on how to spend his money, reminding him not spend his money too fast by buying expensive cars or huge mansion. Instead, I will advise him on how to properly save his money and enjoy the occasional treat. Nonetheless, this does not mean that one should be stingy with money but rather look at possible purchases with varying perspectives, in order to see the value of a treat and not miss out on an experience. Embracing the philosophy of moderation while remembering to sometimes …show more content…
54) establish the next principle, “Buy Time.” While this might seem illogical, like the popular phrase, “time is money” indicates, time is a valuable resource. The consideration of time in terms of money correlates with the idea that the more valuable time is, the quicker it seems to pass. Employees experience this irrational feeling when a deadline or the end of a quarter is approaching. Since there does not seem to be enough time to get everything done, a sudden urge to rush exists. This partly occurs because people fail to stay “focused on present moment, [which is] is beneficial for happiness,” (Dunn and Norton, 2013, p. 56). Concentrating on one task allow for cognitive ease, which stimulates a good mood. Dunn and Norton observe that wealthier individuals, or those in higher executive positions, tend to be more stressed, (2013, p. 54). This stems from the cognitive strain that occurs because of the constant mental shotgun occurring in their minds. Thus, it is vital to one’s mental health to try to reduce cognitive busyness, especially during a stressful