Another good, productive night on the Georgetown University campus.
First, I delivered a guest lecture at Georgetown University’s School of Continuing Education’s Sports Industry Management program. I spoke to about 30 – 35 students about the importance of networking, mentoring, relationship building and the value of community service and “giving back.” Unfortunately, I didn’t have too much time to address the group since I had to hustle to teach the Sports Marketing class at 6:15 pm. I’ll back there in a couple of weeks for a follow-up session.
I sound like a broken record, but we had another terrific class tonight. For the first half of the class, we did a quick review of the Super Bowl commercials, then a review of a case study about the famous Real Madrid futbol club. Then, for the 2nd half of class, our guest speaker was Steve Trax, co-founder of MTX Wealth Management (they’re a full-service financial and investment advisor to over 70 professional athletes and entertainers).
In arranging the schedule of guest speakers for the class, I try to provide the class with a wide variety of executives and experts from the various facets of the Sports Industry. Thus far, we’ve had the President of a top Sports Marketing agency; a TV Sports programming executive; and now a financial services expert. Coming up will be a professional team owner, a top national sportswriter, a leading sports agent and a chief marketing officer for a team. This way, the class will have the ability to listen and interact with many of the leading figures in the sports space.
Since this class is part of the business school, I brought in a financial expert to present to the class about about managing the investment portfolios for high net-worth individuals . Steve’s firm represents a number of top athletes, including Roy Halladay, David Ortiz, Vladimir Guerrero, Justin Morneau, etc.
As usual, the class was engaged and the students asked a lot of terrific questions. Steve also left them with a couple of key pieces of advice, primarily the importance of life-long savings, even at their young age of 21 – 22 … and to not run up massive debt on credit cards. Hopefully, the advice will sink through. After all, there’s nothing like the magic of compounding interest to build up your savings over the long term.
Next week’s class will be the highlight of the semester — I’ll write about it in detail next week. Cheers.