In The Money Mondays episode featuring speakers Trent Shelton, Dan Fleyshman, and Mike Holston, the tough realities athletes face post-career take center stage with deep discussions ranging from financial literacy to the transformative power of mentorship. Shelton unpacks the financial pitfalls NFL and NBA players encounter, shining a light on their struggle with maintaining a facade of wealth and the resulting insolvency. Conversations dive into the importance of establishing financial boundaries and coping with societal expectations.
Furthermore, Shelton reflects on his personal journey from football to becoming a motivational force. He shares how overcoming the fear of public speaking and the devastating loss of a friend propelled his mission to uplift others through his social media presence and literature. His latest book, "Protect Your Peace," provides keys to serene living amid life’s chaos, echoing his broader message on the show. Listeners receive a varied toolkit for growth, from investing time in family to critically examining the “participation trophy” culture, and the profound impact of charity work on the giver’s legacy—all tied back to the central theme of finding and maintaining peace.
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Trent Shelton identifies multiple reasons behind the financial challenges NFL and NBA players face, resulting in a propensity for bankruptcy. He observes that these athletes often lack financial literacy, as they might not grow up learning money management, making them vulnerable to financial missteps upon acquiring sudden wealth. Also, social pressures push them to maintain an extravagant lifestyle to impress others. Athletes find themselves competing with peers in purchasing luxury items and struggling to understand the true value and limits of their wealth. Shelton recounts his own realization that money is finite, stressing the importance of financial boundaries.
Trent Shelton discusses his transition from an NFL career to a motivational speaker and author. He describes hitting rock bottom after football as the catalyst for change, eventually discovering a new vocation as a source of inspiration for others. His best friend's suicide particularly motivated him to help others recognize their worth, prompting him to share candid, motivational content on social media. This path became a commitment to helping people through his words and actions.
Shelton addresses the widespread fear of public speaking, emphasizing the need for a compelling "why" to overcome this anxiety. He advocates thinking about the positive impact on others' lives as motivation. Shelton considers the possible detrimental effects of withholding his message far greater than his fear, suggesting that embracing this fear can save lives and improve situations for others.
Mentors and coaches are highlighted by Shelton for their pivotal role in reducing the learning curve in various aspects of life, from personal development to professional endeavors. They provide insight to avoid costly mistakes and expand perspectives, enabling mentees to explore new possibilities. Fleyshman cites examples like Damon John to illustrate the practical benefits of mentorship in the business realm.
Shelton offers insights into maintaining inner peace with his new book, "Protect Your Peace." He shares the importance he places on personal peace and discusses tools to maintain tranquility in chaotic times. The book underscores that chaos can be present without disrupting one's inner calm and provides strategies to navigate life's tumult without losing peace.
Discussing encounters with wild animals, Shelton remarks on the need for knowledge and the ability to stay calm and trust instincts in dangerous situations. Holston emphasizes preparing through research and expert advice to handle intimate moments with wild creatures safely, advocating for suppressing fear as a technique for preventing animal aggression. He also highlights the value of instinctual responses for personal safety.
Shelton talks about the essence of nurturing family connections by being present and engaging in shared activities without digital interruptions. He emphasizes the importance of being a hero to his children, prioritizing family time as a non-negotiable aspect of his daily routine, and associating this perspective of success more with personal fulfillment rather than public acclaim.
Highlighting the consequences of participation trophy culture, Shelton criticizes its tendency to endorse a sense of entitlement over the appreciation of hard work. He calls for a cultural shift to foster grit and tenacity in children, encouraging them to work for their accomplishments rather than merely participate.
Shelton expounds on the benefits of participating in charitable activities, which he sees as investments that yield unpredictable yet assured returns. He explains this concept through personal charity endeavors, believing that selflessly aiding others not only enriches the recipients but also magnifies the giver's legacy.
Offering wisdom on attaining peace despite life's turbulence, Shelton recommends refocusing on essential life aspects and protecting one's time to ensure it aligns with larger life goals. He urges people to live their best lives, aware of time's fleeting nature and the necessity to proactively seek fulfillment rather than defer contentment.
1-Page Summary
Trent Shelton provides insights into the common financial pitfalls plaguing many professional athletes, resulting in a high rate of bankruptcy among NFL and NBA players.
Shelton explains that the root of the issue often stems from a lack of early financial education. Many players grow up without understanding how to manage money, leaving them unprepared for the sudden wealth that comes with professional sports contracts.
Athletes, according to Shelton, often feel pressured to display their success and wealth through purchasing expensive items such as cars, clothes, and other luxury goods. They want to keep up with their more financially secure peers, which creates a cycle of overspending.
Shelton candidly shares his own experience with financial mismanagement, recalling how receiving a few hundred thousand do ...
Why NFL and NBA players go bankrupt
Trent Shelton recounts the significant shift in his life from being an NFL player to becoming a motivating figure to many through speaking and authorship.
After his NFL career ended, which Trent Shelton terms "hitting rock bottom," he found a new path that led him to be a motivational speaker, author, and coach. Since 2009, he has been living the perspective he shares in his books, having had the idea for his subsequent book even before publishing his first one.
The tragic suicide of Shelton's best friend became a propelling force in his life. It was this deeply personal event that strengthened his resolve to help others find value in themselves.
In ...
Trent Shelton’s transition to motivational speaking and writing
Public speaking is a common fear, but as Shelton illustrates, finding a deeper motivation can empower individuals to confront and overcome this anxiety.
Shelton speaks about the essential role of having a profound sense of purpose when facing the fear of public speaking. He maintains that the motivation for stepping onto a stage must extend beyond personal apprehension, focusing on the audience that stands to gain from the message being shared.
By concentrating on the difference he can make in the lives of others, Shelton acknowledges that the value of what he has to say significantly outweighs his own fear.
Shelton considers the severe impact that withholding his message could have on ...
Overcoming fear of public speaking
Trent Shelton and Fleyshman delve into the critical role that mentors and coaches play in personal and professional development, providing invaluable guidance and insights derived from experience.
Shelton underscores how coaches and mentors are instrumental in shortening the learning curve for individuals. By leveraging the wisdom and experience of a mentor, one can navigate their path more swiftly and effectively. For example, a mentor with a vast understanding of a particular field can share critical knowledge that quickly brings someone else up to speed.
Mentors and coaches also play a significant role in helping individuals avoid costly mistakes. According to Shelton, coaches can share their knowledge on vital decisions, such as investments, which could possibly save time, money, and heartache. This guidance is invaluable as it comes from a place of experience and understanding of potential pitfalls.
Mentors have the ability to not only guide through current challenges but also to expand the horizon for their mentees. Fleyshman uses Damon John as an example, illust ...
Importance of mentors and coaches
Trent Shelton shares his insights and personal journey in his new book, "Protect Your Peace," where he delves into strategies for maintaining inner calm amidst the chaos of life.
Trent discusses a moment of realization about the importance of peace in his life which led him to prioritize peace above all. He wrote "Protect Your Peace" to provide guidance on how individuals can protect themselves amidst chaos.
Shelton hints toward the theme of his book, implying that nature is one of the ways to safeguard one's energy, mind, and soul. He stresses that there are tools and practices that can help individuals maintain their personal peace.
In "Protect Your Peace," Shelton assures readers that although chaos exists, it does not ...
Trent's third book - "Protect Your Peace"
Holston shares insightful experiences and tips on staying calm when encountering dangerous wild animals, emphasizing the importance of knowledge, suppressing fear, and trusting one's instincts.
Holston stresses the necessity of familiarizing oneself with wild animals, especially those that are potentially dangerous or rank high on the food chain. He explains how he prepares by having coaches for different species and actively engaging in personal research — including reading books, surfing articles on the internet, and consulting with experts. This extensive knowledge is crucial for safely managing situations that involve wild animals like snakes, where knowing whether they are venomous can significantly impact one's safety.
Holston admits that there have been instances when he’s picked up snakes without knowing if they are dangerous. This requires him to be ultra-cautious and to suppress his fear, especially due to the risk involved and the potential lack of immediate medical attention in remote locations. Further discussing the necessity of staying calm around animals, Holston agrees with Trent Shelton's notion that animals can sense energy. He implies that maintaining composure is essential to avoid provoking the animals, thus showcasing how suppressing fear can be a critical aspect of staying safe in close encounters with wildlife.
Staying calm with dangerous wild animals
When referring to gut reactions as a built-in human safety net, it means that our instincts and intuitive responses act as a natural defense mechanism to potential dangers. These reactions are often quick, subconscious responses that can help individuals assess risks and make split-second decisions in uncertain or risky situations. They are believed to be influenced by past experiences, evolutionary factors, and the brain's ability to process subtle cues that may not be immediately apparent. Trusting these gut reactions can be crucial in situations where immediate action is needed to ensure safety and survival.
Trent Shelton delves into the vital importance of prioritizing family connections by actively incorporating quality time into daily routines and redefining personal success measures.
Shelton talks about the critical need to disconnect from the digital world to give undivided attention to family. He underscores that maintaining a balance between personal and professional life is challenging. Yet, he advises establishing non-negotiable times to be fully present for important family moments, like attending a child's sports game.
Further, Shelton encourages engaging in traditional family activities that have become rare, such as playing board games or reading bedtime stories to his daughters. He points out the value of these shared experiences that occur away from technology, emphasizing the importance of fostering family bonds through simple yet impactful activities.
Shelton wrap ...
Investing time in family relationships
Trent Shelton voices a strong opposition to participation trophy culture, associating it with promoting a sense of entitlement instead of valuing hard work and effort.
Trent Shelton critiques the culture that suggests everyone is a winner, positing that it fosters a sense of entitlement rather than a meritocracy. Shelton is concerned that by rewarding mere participation, we detract from the value of earning recognition through genuine effort and achievement.
Shelton illustrates his point with a personal anecdote involving his son, who received a ribbon for placing seventh in a competition. Rather t ...
Problems with "participation trophy" culture
Trent Shelton discusses the deep, often unexpected benefits that selfless charity can bring into one's life, emphasizing that these acts can magnify one's legacy.
Trent Shelton highlights the importance of giving to others without the expectation of receiving anything in return. He describes this selfless giving as seeding future blessings in one's life. Shelton shares his practice of performing silent acts of charity and encourages others to engage in similar giving. He believes that these acts can bring about beneficial returns, though not necessarily in a financial form. These blessings might manifest for his children or as health benefits.
Shelton also speaks to the way giving back, particularly when one is blessed, can greatly amplify an individ ...
Blessings from Incorporating Charity
Trent Shelton shares insights on how to attain tranquility and purpose even when life seems to be spiraling out of control.
Shelton describes a personal approach to challenges such as depression, injury, and the loss of loved ones. He reveals that dealing with such hardships openly can be therapeutic and help maintain calm amidst life's inevitable chaos. By continuing to share and connect with others through his struggles, Shelton suggests that focusing on purposes that serve your life, soul, and the progress of your mission and vision can be a powerful tool in maintaining inner peace.
Furthering that notion, Shelton advises being judicious with one's time. Instead of succumbing to the myriad distractions that life presents, he encourages individuals to invest their time in valuable activities that contribute to their overarching goals and wellbeing. Shelton's counsel underscores the importance of discernment and pr ...
Staying calm amidst surrounding chaos
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