Richard Canfield warns that Leon Draisaitl's NHL income could vanish fast without financial discipline. Young athletes often spend as much as they earn. Canfield's goal is protecting Draisaitl's fiancée and future children if something happens to him.
Chapters
There's a common occurrence as your income rises, your expenses or your capital outlays tend to rise with it. And when you're a young individual, as Leon is, and you're dealing with large amounts of capital that you're not really trained how to deal with, if you're not careful with your behavior, there's a good chance that we could see a lot of that money flow start to disappear very quickly and go to locations that maybe you might not see it happen again. Further to the fact, and you identified the problem that really we're primarily trying to solve, which is getting all of Leon's money, It should be Leon and his family. It is very fair to say he has a very high, high risk to his family, his fiance and future children if something were to happen to him.