Drafting Your Dream Team and Your Dream Finances

With summer winding down and autumn creeping in, are you ready for some fantasy football?! Drafting the best team and guiding them toward the championship takes knowledge, dedication, skill, and talent. But fantasy football is much more than just an exciting hobby—you can also take those skills and apply them to money management and growing your wealth.

Do your research

Every fantasy football aficionado can tell you that your team’s performance throughout the year significantly depends on that one day (typically) in August: Draft Day. Knowing which NFL players to draft to your team is crucial to its success. In the weeks leading up to draft day, fantasy football pros know to listen to podcasts from training camps, research potential trades, and learn about past performances of various players. Come prepared for draft day and you will make better decisions.

In personal finance, the rules are similar. When choosing a place or company to sink your money into, you’ll want to do as much research as possible and ask lots of questions to ensure success and alignment with your values and goals.

Diversify

In fantasy football, it’s important to diversify your team and to draft players who excel at various positions in real life to ensure the most wins. In finance, diversification is even more important. You’ll want to spread your investments over a mix of whole-market funds, securities, and savings accounts. The more exposure your portfolio has among various asset classes and markets, the more protection it has against market volatility and inflation.

Manage risks

In fantasy football, you need backups on your bench in case a star player gets hurt. Financially, that’s your emergency fund or insurance—having safeguards in place so one unexpected event doesn’t derail your entire plan.

Assess your financial health throughout the year

Fantasy football pros will monitor the performance of their players in real life. There will always be players getting injured, teams that change their strategies, and players who are having unproductive seasons. You’ll need to keep an eye on what’s happening so you can make the best decisions about adding potential players on the waiver wire going forward.

To achieve and maintain true financial wellness, you’ll also need to monitor your budget, savings, spending habits and more throughout the year. Review and assess your money management every month for the best results.

Celebrate small wins, and adjust for losses

In fantasy football, every weekly win builds momentum, and even losses teach you what to change. With money, small savings or debt-payoff victories deserve recognition, while setbacks are chances to adjust and grow.

Fantasy football is more than a game—it’s a playbook for smart money moves. Put these lessons into action, and you’ll be set up for financial wins all year long.

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