Tuesday, April 30, 2013

The Final Talk "A Mitakihara Tradition": Coach Kaname

The Final Talk "A Mitakihara Tradition": Coach Kaname

By Leigh Boxley
The Daily Magi
January 11, 2042

At the end of the season, the seniors on the Mitakihara Magi football team take part in a final group meeting at Hakurei Centre. It's called "The Final Talk," and it involves the entire coaching staff and has been a tradition since the end of the 2013 season.

"The Final Talk is our way of helping our seniors realize the world they are getting into when they enter the NFL," Coach Kaname said in an interview following the 2042 Final Talk. "We tell them about how a professional athlete is supposed to conduct himself. We ask them what they will take away from their experience being a part of the Mitakihara Magi football program. We ask them where they are in terms of finishing their degree.

"But the most important thing that we tell our seniors in The Final Talk is...finances. We tell them: do not go broke. Do not spend more than what is necessary. Even though we live in a culture of fast cars, fast women, and some nuances that I simply do not approve of, the importance of being wise with you cash is strong.

"We tell them to invest more than half their money in securities. Mutual funds are a must. Reduce your private equity to 5% of your cash. Our recommended breakdown is this: 5% private equity, 7-12% real estate, 50-65% securities and 15-20% alternatives. We tell them they will be in the highest tax bracket and you have to pay taxes in a number of states. If you're gonna buy a house, one house, and it should just be a regular house. If you're gonna buy a car, one car. When looking for a wife, don't go for a gold-digger. If you've had a relationship in college, take advantage of it and stick with that and get a pre-nup. We want our players to be financially solvent for the next few decades because a professional athletes career lasts, on average, a few years.

"And if you don't save you money and put it in securities, you're going to be in a world of hurt. This is also why earning a college degree is important. We've had a few players leave early for the draft. In some cases, their careers ended too soon and they are left with nothing. When you have something to fall back on, you will be in good shape.

"Another thing: don't get in trouble with the law. That means, no drugs, no marijuana, no intoxication, no gambling, stay clean and reduce your visits to the nightclubs, because really, our players shouldn't be hanging around with the wrong people, period. Our players have heard of cases of star athletes not only going broke, but getting into trouble with the law years after retirement. Some athletes are now in jail and have lost everything.

"In recent years, our players still haven't been taking our advice seriously, and since 2030, our students have been required to take classes at the Yohei Sasakawa School of Business related to finance. We make them take three of them: BUS 251-3: Financial Accounting I, BUS 254-3: Managerial Accounting I, and BUS 312-4, Introduction to Finance. This is also something the basketball, baseball and hockey teams are required to take. If they don't pass these three courses, they are cut from the team. We've had a 100 percent pass success rate, and since we have enforced these requirements, our players who turn pro have remained financially solvent. No one has gone broke, so that's a good thing.

"We think The Final Talk has been successful. Our university's students are more wise with their cash, unlike their counterparts in American colleges and universities. Those schools have students who are more inclined to spend rather than save. That's one thing that makes our students on the cutting edge: they scrimp and save instead of spend and splurge. That's a wonderful thing."

Because of the success of the Final Talk, other schools in Canada, from UBC to McGill, are also seeing their football team coaching staffs talk with their players about finances and being in the right place at the right time. Once again, Mitakihara Universty sets the standard for developing model student-athletes that are not only talented athletically and academically, but very sound financially.

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