NIL Series: #1 Destroyer of Wealth | NFL Players’ Podcast #17
It is not a secret that NIL has made it possible for college athletes to make money before they get to the NFL. College collectives are paying hundreds of thousands of dollars up to millions of dollars to 18 to 22-year-olds. However, how prepared are these players to receive this money and make the best decisions? For the first time, student-athletes are Paying taxes, opening bank accounts, establishing credit, making significant purchases, etc.
It is not a secret that NIL has made it possible for college athletes to make money before they get to the NFL. College collectives are paying hundreds of thousands of dollars up to millions of dollars to 18 to 22-year-olds.
However, how prepared are these players to receive this money and make the best decisions? For the first time, student-athletes are Paying taxes, opening bank accounts, establishing credit, making significant purchases, etc.
This episode focuses on the #1 destroyer of wealth and taxes. Is it important to have an LLC, S-Corp, etc.?
For questions, you can reach out to Riccardo Stewart at +1 (602) 989-5022.
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