“Money” is a concept on everyone’s mind every single day, and “Fantasy Football” is the imaginary game that has brought the football we all know and love to a deeper level of fun. You are probably wondering how these two relate, when we know for a fact that players make use of imaginary money when playing Fantasy Football.
Well, if you take a moment to ponder, you’ll notice an intriguing connection. I’m eager to illustrate this correlation and demonstrate how you can turn your fantasy into reality – not only in your football aspirations but also in your financial realm. By drawing parallels between fantasy football and financial prowess, I aim to guide you towards achieving a winning streak both on the field and in your fiscal matters. Get ready to hit those high scores and fatten up your wallet simultaneously!
So, here we go… (if you got that reference, then you should absolutely keep on reading)
Setting your Team for the Season
Creating a budget for your spending for the year
At the beginning of the Premier League season, all players get the chance to pick the players they want to start the season with, and if you simply don’t want to stress about picking the players yourself, you can let the system pick your players for you. This is easy, and you won’t have to rack your brain, however, you will most likely get a team devoid of tactics or the nuances of positions.
In the same vein, if you start your year or generally go about your day-to-day without a plan for how you spend your money, You will be leaving it on a mental note, and we all know that never works. Essentially, you will have to deal with the chaos of leaving your money to the wind, and yeah, it would be blown away.
So just like it’s the smart move to actually sit down and set your team by yourself and not leave it to chance or game A.I (Ask any true player of the game, and they will tell you this for free), so it is with your finances and working with a budget. In both cases, you exercised some starting control, and your bank account will be grateful for it.
Select Season-Performing Players and a Mix of Game Week Players
Having long-term financial plans and short-term at the same time
In fantasy football, you have to get the star players who are surefire performers over the course of the season while also making sure you get the players that can give you great performances over a short period of time. This balance ensures that you don’t suffer the point deficit cost of making a transfer when a player underperforms.
This tactic should be used when planning your finances. Your financial strategy should be one that balances out saving for short term things like buying a shoe with long term plans like your life-savings fund or, better yet, your pension. This is a great way to enjoy both the present and the future.
Having a solid bench
Creating Emergency Funds
The Best FPL players know that despite spending big on their main XI, it is important to have an okay bench that comprises players who actually play. This means that when a major player is injured, a player who can make a difference can be substituted in. This gives you a fighting chance for that game week, despite the loss of a main star.
Likewise, with your finances, you should spend as much as you need and enjoy what you can, but it is important to have an emergency fund account that you can reach into, in case of emergencies and unforeseen expenses. This should not necessarily be your savings account. It is also advisable that it be an earning account.
Take the Stellas Vault, for example, it pays 15% interest on the money you keep locked for a certain period of time.
Watching FPL scouts and Matchday conferences
Staying informed and educating yourself on how to manage your finances
Finally, when it comes to FPL, you know it is important to stay on top of the news. This way, you know as early as possible, which player is injured or has a knock. You can monitor and prepare for the rotation of players and make the right changes going into a game week. Making those early moves helps you avoid devaluation of your imaginary team funds, as the players tend to lose value once they are ineligible to play for a long time.
This is probably the hardest step to take when it comes to one’s finances, but it pays off in the long run. Reading finance blogs, watching the business news, educating yourself by talking to experts, etc. is a great way to get insight on what to do with your money, how to deal with inflation, and so many other know-how that help boost your financial portfolio.
Do not fall for the idea that you don’t earn enough to care about these, you do. Simply making the right move can change 5 naira into 10 naira. Making money, no matter how small, means you are not losing that money. So stay informed, keep learning, and you will continue to see green as much as you would like.
Have a wonderful FPL run and a great account balance. You deserve to win in both places.
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