WSL Hawaii recently presented a Financial Management Workshop in partnership with Morgan Stanley at their regional office in the North Shore Marketplace, which saw a gathering of junior surfers and big wave athletes along with parents, coaches and WSL staffers. To arm members with the tools and tips for achieving financial success throughout their surf careers, Morgan Stanley Financial Advisor/Wealth Manager Miki Wallace broke down the basics; set goals, save early and seek help.
Engaged attendees take notes. WSL / Rolland
It's never too soon to start tucking away earnings, in fact Miki stated that saving 25 percent of your income is recommended for a healthy savings account. For top athletes like regional junior frontrunner Barron Mamiya, who won three events in a row this year, saving a quarter of every pay check could help offset travel expenses, equipment, cross-training classes and coaching, all common expenses that athletes are up against. It is these types of recommendations that Morgan Stanley Global Sports & Entertainment, a dedicated division within Morgan Stanley Wealth Management, can offer to aspiring professionals.
Miki Wallace talks The Wealth Management Process. WSL / Rolland
Knowing the difference between fixed and variable incomes and how to spend (and save) accordingly were other key takeaways from the workshop, as well as financial planning and goal setting. Visualizing the process, from start to finish, is equally as important as visualizing the goal itself, explained Miki. For athletes, a financially sound exit from their career can be the most challenging part of the money management and seeking professional help from a wealth manager or financial advisor can be a great tool.
Junior athletes Makana Pang and Wyatt McHale enjoy burritos with coach Jason Shibata. WSL / Rolland
The Financial Management Workshop was part of WSL Hawaii's athlete development activations, which aim to support members in a variety of ways. Youth seminars that focus on career readiness, CPR certification for safer waters and industry sessions for creative thinking are a few of the other ways the organization stays involved beyond the surf events.
Athlete mom Joy McDougall, Morgan Stanley's Miki Wallace and WSL Hawaii/Tahiti Nui GM Jodi Wilmott. WSL / Rolland
Attendees made donations to the Hawaii Youth Surfing Development Organization, a 501c3 nonprofit that dedicates 100% of proceeds to youth workshops, and were treated to a Cholo's Homestyle Mexican dinner after the seminar concluded. For any athletes interested in Morgan Stanley Global Sports & Entertainment, please contact hawaii@worldsurfleague.com for more information.
Money Matters - WSL Hawaii Hosts Financial Management Workshop with Morgan Stanley
WSL
WSL Hawaii recently presented a Financial Management Workshop in partnership with Morgan Stanley at their regional office in the North Shore Marketplace, which saw a gathering of junior surfers and big wave athletes along with parents, coaches and WSL staffers. To arm members with the tools and tips for achieving financial success throughout their surf careers, Morgan Stanley Financial Advisor/Wealth Manager Miki Wallace broke down the basics; set goals, save early and seek help.
It's never too soon to start tucking away earnings, in fact Miki stated that saving 25 percent of your income is recommended for a healthy savings account. For top athletes like regional junior frontrunner Barron Mamiya, who won three events in a row this year, saving a quarter of every pay check could help offset travel expenses, equipment, cross-training classes and coaching, all common expenses that athletes are up against. It is these types of recommendations that Morgan Stanley Global Sports & Entertainment, a dedicated division within Morgan Stanley Wealth Management, can offer to aspiring professionals.
Knowing the difference between fixed and variable incomes and how to spend (and save) accordingly were other key takeaways from the workshop, as well as financial planning and goal setting. Visualizing the process, from start to finish, is equally as important as visualizing the goal itself, explained Miki. For athletes, a financially sound exit from their career can be the most challenging part of the money management and seeking professional help from a wealth manager or financial advisor can be a great tool.
The Financial Management Workshop was part of WSL Hawaii's athlete development activations, which aim to support members in a variety of ways. Youth seminars that focus on career readiness, CPR certification for safer waters and industry sessions for creative thinking are a few of the other ways the organization stays involved beyond the surf events.
Attendees made donations to the Hawaii Youth Surfing Development Organization, a 501c3 nonprofit that dedicates 100% of proceeds to youth workshops, and were treated to a Cholo's Homestyle Mexican dinner after the seminar concluded. For any athletes interested in Morgan Stanley Global Sports & Entertainment, please contact hawaii@worldsurfleague.com for more information.
Hawaii/Tahiti Nui
The Best of Italo edit, Ramzi Boukhiam takes out the Oi Hang Loose Pro, Kai Lenny on 'The Lineup', Mason Ho's sandbar score, and more.
Conditions align for Nazaré, Kelly Slater to surf the Corona Piha Pro in New Zealand, Team O'Neill's Hawaii highlights, and more.
Catching up with multi-craft maestro Kai Lenny, who talks through the action from back-to-back Jaws swells in January.
The top ten moments of 2019, Blakey boys talk the parallel paths of Owen and Tyler Wright on 'The Hold Down' and Fanning gets shacked.
2020 Ride of the Year Entry: Greg Long at Jaws, Maui, Hawaii on November 14, 2019. Video by Marcus Rodrigues.
News
Boomerang Beach has turned on flawless conditions on Day 1 as the global field rips into the early rounds of women's competition.
Learn how deep sea research uncovered an underwater upside-down lake with Carlie Wiener.
Thomas Surfboards takes the presenting sponsorship of the opening event of the 2020 WSL Longobard Tour.
Laird Hamilton's Nazaré foil session , POV footage from legendary lensman Laurent Pujol, Italo at the Laureus Awards, and more.
The new film "Spoons" takes a deep dive into how George Greenough, Renny Yater and friends revolutionized the boards we ride.