Premier League stars on eight-figure salaries do not have this problem as they are more often than not sorted for life.
But sportspeople who play in lower leagues, such as League 2, may need to think about finding another job as the salary level drops to under £200,000, according to a report from Salary Sport.
While this seems like a great salary to those of us earning below this figure, it is important to remember that while we will comfortably work into our fifties and even sixties, footballers, rugby players and others in the sports industry often retire in their thirties.
Now when you are retiring this young, money will very quickly run out, hence the need to try out a new career.
And here enters advice.
Why the advice profession?
When at school, children often say things like, 'When I grow up I want to be a popstar, a football player, a princess, or a pirate'.
Why is this? Because they are things they recognise and interact with on a regular basis.
The same can be said for sportspeople and the advice profession. Most sportspeople would have an adviser to help them decide what to invest in to make their money go further, how to plan their pensions and help them get a mortgage when they buy property.
Because they have been exposed to the advice profession from an early age, many see it as a lucrative career that they can delve into once their professional sports career comes to an end.
For example, Northern premier league player, Nathan Blissett, has set up his own mortgage brokerage in Telford as part of his plans to transition away from professional football.
Having big names that young people relate to promoting a career in advice could encourage more school leavers to consider this as a job for themselves.
The nephew of former England player Luther Blissett is continuing his football career with Stafford Rangers, but he is also planning for the future by running Dwello Mortgages as founder and principal mortgage adviser.
And this is not uncommon.
Last summer, former professional rugby player Dave Lewis told FTAdviser that it was a series of coincidences that led him to become a financial planner with Timothy James & Partners after being introduced to the idea by a representative from the Rugby Players Association.
