The dream of every father or mother is to be able to give their children the best. Many see sports as a way of salvation, others as a discipline platform and many as the perfect platform to achieve a college scholarship or to make to the pros. But whatever the reason or motive, the reality is that having a son or daughter participating in sports entails expenses that can lead parents to have financial problems.
Before your child can begin their first college practice, you may have to invest, depending on the college level (NCAA D1 / D2/ D3, NAIA, NJCAA) on their equipment and college fees such as: Tuition, Books, Room & Board, etc. Depending on the sport your child decides to participate in, there can be between $10,000 - $70,000 in equipment and college expenses spent per child. Remember that you have to pay these same expenses yearly.
Then, depending on the level of ability your child has, in most cases the cost increases. When we talk about an athlete who has a lot of talent and potential, you as a father or mother may want your child to have the best possible training, to have the best exposure, to play & perform at his highest level. This entails extra expenses, such as: gasoline, hotel, air travel, rented cars, gate fees to the facilities where events are hosted, food, private training outside the college he or she is playing for, car maintenance, etc. All these expenses can cost a father or mother approximately $500 - $5,000 per month per college player.
The most important thing is that every father and mother should understand that each year the cost will continue to rise. There are many fathers and mothers who cover expenses with credit cards, bank loans, student loans, and even use money from their retirement accounts to cover expenses. In the end everyone ends up with debts that lead them to depression and in some cases to bankruptcy.
As a college athlete himself, vast knowledge of college sports come hand in hand. The ability to help hundreds of youth players get college scholarships worldwide, comes from his personal college experiences. Gabby Delgado has been able to study all the mistakes made by fathers and mothers who have children in college sports. These financial mistakes have led these parents to lose their homes and their money saved for retirement. These circumstances studied by Gabby have given him the intelligence, experience and maturity to help these parents to make the right decisions and create an efficient financial plan.
Let Gabby Delgado and his team help you find success!
Call today at (787) 550-7377