Erik Averill is a former professional baseball player with the Detroit Tigers and Seattle Mariners organizations. Erik played collegiately for Arizona State. During his career as an ASU Sun Devil, Erik earned honors as 2003 Freshman All-American Honors, 2004 & 2005 All Pacific-Ten, and Pitcher of the Year for the 2005 College World Series Team. Erik Averill is the co-founder of AWM and he is a Certified Financial Planner™ (CFP®) and a Certified Private Wealth Advisor (CPWA®). He is the
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co-author of PAID: How To Maximize Your Signing Bonus, Simplify The Money Game and Secure Your Future and is the host of Athlete CEO podcast.
Erik shares with Pro Mindset host Craig Domann the typical challenges and dysfunctions families and athletes face when money is involved. He shares there is potential dysfunction in the family circle when an athlete outpaces his parents and siblings in the money world and when they put the athlete up on a pedestal. He recommends that parents keep parenting their athlete child in order to maintain normalcy and harmony in the family circle.
Erik also talks about how money is a magnifier as it tends to increase the natural disposition of the athlete. Generous athletes who gain riches tend to continue to give and give more, whereas, unhappy athletes tend to become more unhappy as they get more money.
Erik talks about his mountain peak experience as an athlete as well as hitting rock bottom. In his valley experience he was let go by the Detroit Tigers farm director and he shares his shock, emotion, identity crisis and recovery from such.
Erick applies his experience as an athlete to assisting athletes manage their money, develop a career plan and relationships. Erik is an excellent communicator and teacher and utilizes those skills to impact his clients’ understanding of the business of professional sports.
Erik had a vision and a passion for providing financial advice to professional athletes. While most would consider the prospect of working with professional athletes as an exciting clientele, it was his experience as a former professional athlete and personal exposure to bad financial advice that fueled his desire to start AWM.
