I’ve never been a huge sports fan, but there is one sports-related TV program that my husband and I can actually agree on. ESPN has an amazing Emmy-nominated documentary series created by famed directors called “30 for 30.” Each film represents a specific point of view of the filmmaker and details the issues, trends, athletes, teams, rivalries, games and events of the sportsworld in the last 30 or so years. Last night’s film, “Broke” was incredibly interesting and actually had a financial servies and accounting spin!
“Broke” took a unique look at the psychology of sports figures whose competitive nature created problems with their bank accounts and personal lives, and how the mismanagement of their money had in many cases, changed their lives forever. From terrible spending habits to tax issues, to trusting the wrong people to handle their investments, the documentary highlighted many true stories of recognizable athletes and offered insightful interviews with them detailing their money issues. The film was incredibly interesting and really demonstrates how important financial literacy is, as well as the ability to trust those who may handle your finances.
Freed Maxick has many different service lines and career tracks, and a niche that accounting students may want to look into is wealth management. Estate and gift transfer taxes may be the largest single tax expense some people will ever face, so there is a lot of planning to be done for both retirement and a family’s future.
I really enjoyed the movie and recommend it to anyone who may be in the finance or accounting industry, it was truly eye opening!
To learn more about this awesome film, check out the details here: http://espn.go.com/30for30/