Welcome, NIL Athletes! Let’s build your financial game plan.
Congratulations on navigating the exciting world of Name, Image, and Likeness (NIL)! Whether you’ve signed a major endorsement deal or are just starting to explore your options, you've earned a seat at the table. This new opportunity comes with a unique set of challenges and responsibilities, and that's where a valued financial advisor can help.
Just as a dedicated coach helps you excel in your sport, I can help you master your finances. Think of this as training for long-term financial success—because your athletic career, and the income it provides, may not last forever.
How a financial advisor can help you with your NIL earnings
A financial advisor specializes in building comprehensive strategies, freeing you up to focus on your sport, your studies, and your brand. Here's how we can work together:
Financial education and budgeting
- Establish healthy habits: For many athletes, this is the first time they are managing significant income. We can establish simple, core principles to help you manage your cash flow, covering living expenses while putting money aside for the future.
- Create a custom budget: We can develop a personalized budget that works for you, ensuring you have enough money for your immediate needs while still working toward your longer-term goals.
Navigating taxes
- Plan for tax season: NIL income is taxable, and brands often don't withhold taxes from your payment. We can help you understand your tax obligations, ensure you set aside enough money, and work with a CPA to file correctly.
- Understand state taxes: Some NIL deals may require you to pay taxes in states where you perform services. I can help you understand these complex requirements.
Investing for your future
- Grow your wealth: Investing wisely now can help your wealth grow over time through the power of compounding. We can explore options to help set you up for financial independence after your playing days are over.
- Create a long-term plan: Many college athletes will not go pro, and for those who do, their career timeline can be unpredictable. A financial plan focuses on building a long-term, stable financial future, regardless of what happens in your sports career.
Building your professional team
- Connect with experienced experts: I can serve as a central point of contact to coordinate with other key professionals on your team, such as agents, accountants, and attorneys who understand the NIL landscape.
- Provide an independent perspective: I can offer comprehensive guidance, helping you evaluate potential deals and flagging potential issues. As your financial advisor, I will consistently work in your best interest.
Don't navigate the financial wild west alone
The NIL era is exciting, but also complex. You have a lot on your plate already. Making smart financial decisions now can turn your NIL income into a foundation for a successful financial future.
I am here to be a valued resource and accountability partner, guiding you through this new landscape with a clear focus on your best interests.
Ready to start the conversation?
More Resources for Guiding Student-Athletes
Student-Athlete Financial Needs Checklist
Leverage this tool to spark meaningful conversations, uncover client priorities, and strengthen trust as their valued resource.
Master Your Money in the NIL Era
Get actionable insights you can review with your clients to help them navigate NIL income and protect their financial future.