With the 2012 Olympics about to start I found something very interesting in a CNN Money article this week.
In “Olympic athletes face financial hardship“, writer Charles Riley informs us that American Olympians are often earning little or no money from their athletic endeavors. Unlike other countries that sponsor and pay their athletes, USA Olympians are mostly on their own in terms of income. They have to hope to land a sponsorship deal or be at the very top of the sport to get any kind of income.
I found this quite interesting.
You see all of these amazing athletes in the top 10 or 20 in their sport in the entire world, and a majority of them on the US side aren’t making any money. Yet the Olympic committees and broadcast companies will earn millions or billions in advertising revenue and licensing fees.
Even if you’re not an Olympian you may be struggling financially. Here’s are few tips to get you racing in the right direction:
Wise Bread | 15 Ways to Have a Frugal Friday
Darwin’s Money | Real Unemployment Rate Explained
The Simple Dollar | Microrewarding Yourself
Budgets Are Sexy | 4 Ways To Keep Your Financial Household Sexy
CNN Money | Do I really need 100% of my pre-retirement income?
Get Rich Slowly | Signs of Financial Relationship Trouble
Consumerism Commentary | Can You Afford to Stay Home With Your Kids?
Boomer and Echo | How To Prepare Yourself Financially Before You Start a Business
The Digerati Life | Steps to Buying a House: Checklist & One-Year Plan for Home Buyers
Money Q and A | Best Finance Bloggers And Money Experts To Follow On Google Plus
Girls Just Wanna Have Funds | 4 Unconventional Ways to Land a Job in an Impossible Job Market
Five Cent Nickel | Do It Yourself (DIY) and Save Money
Saving Money Today | Having a Baby? Save Your Money and Skip Buying These Items
Free From Broke was featured in the following carnivals this week:
Totally Money Blog Carnival
Carnival of Money Pros – I Am 1 Percent
Yakezie Carnival July 8, 2012 – Summer Fun Edition | Tackling Our Debt