# Why Most Pro Athletes Go Broke - Avoid This Wealth Management Mistake

Page: https://stenobird.com/podcast/most-valuable-agent-with-matt-hannaford-6966172/why-most-pro-athletes-go-broke-avoid-this-wealth-management-mistake
Text version: https://stenobird.com/podcast/most-valuable-agent-with-matt-hannaford-6966172/why-most-pro-athletes-go-broke-avoid-this-wealth-management-mistake.md
Podcast: [Most Valuable Agent with Matt Hannaford](https://stenobird.com/podcast/most-valuable-agent-with-matt-hannaford-6966172)
Published: 2026-01-14T12:00:00+00:00
Episode link: https://f19dff7d-cba9-4d19-b009-9fdbdd27ffc9.libsyn.com/why-most-pro-athletes-go-broke-avoid-this-wealth-management-mistake
Audio file: https://traffic.libsyn.com/secure/f19dff7d-cba9-4d19-b009-9fdbdd27ffc9/Final_Audio_054_Kyle_Ourso_MVA.mp3?dest-id=4634517
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JSON: https://stenobird.com/v1/public/podcasts/most-valuable-agent-with-matt-hannaford-6966172/episodes/why-most-pro-athletes-go-broke-avoid-this-wealth-management-mistake
Duration seconds: 4597

## Resource

Most families enter youth and travel baseball thinking the goal is exposure, scholarships, or "getting paid" someday — but the financial reality of the game starts long before a player signs a pro contract. And when money finally shows up (NIL, draft bonuses, big-league paychecks), it often hits fast, loud, and overwhelming. In this episode of The Most Valuable Agent, Matt sits down with Kyle Ourso, a wealth advisor who's spent nearly two decades inside pro baseball — first helping MLB players behind the scenes at Marucci, and now guiding athletes and sudden-net-worth clients through the financial decisions that can define (or derail) their future. They break down what families and players actually need to know: how to choose a wealth advisor, why "fiduciary" matters, how fees quietly compound into millions, and why athletes are uniquely vulnerable to bad business pitches — not because they're irresponsible, but because they're wired to believe they can "will" anything into success. The conversation also zooms out to the parent side: the hidden pressure created when travel baseball becomes a financial "investment," why budgeting matters more than most families realize, and how to support a son's dream without putting the family's future at risk. If you've ever wondered who to trust, what to ask, and how to build real financial clarity in a world full of noise — this episode is for you. Subscribe for weekly insight on player development, recruiting, and the business of baseball — with the truth families rarely hear early enough. WHAT YOU'LL LEARN • Why athletes are prime targets for "too-good-to-be-true" business opportunities • The difference between an idea and execution (and why most deals fail) • What "fiduciary" really means — and how the term gets misused • The mo…

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## Transcript

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