Taking Advice from Family and Friends About NIL: Proceed with Caution

As student-athletes navigate the world of Name, Image, and Likeness (NIL) opportunities, it’s natural to turn to trusted family members and friends for advice. After all, they know you best and have your best interests at heart. But when it comes to the complex financial, legal, and branding decisions involved in NIL, relying solely on …

How to Pay Taxes on Your NIL Income

As a student-athlete earning money through Name, Image, and Likeness (NIL) deals, you’re probably excited about the financial opportunities that have come your way. However, with these new earnings comes an important responsibility that many student-athletes aren’t prepared for: paying taxes. Unlike the money you might earn from a part-time job or summer gig, NIL …

Case Study: Strategic Financial Management for Cam Ward’s NIL Earnings

Background Cam Ward, the dynamic quarterback for the Miami Hurricanes, has taken the college football world by storm since transferring from Washington State. His impressive performance on the field has garnered significant attention, leading to a notable increase in his On3 NIL valuation, which rose to $1 million, up from $934,000. Ward’s engaging personality and …

Understanding Auto Insurance: A Comprehensive Guide for Student-Athletes

As a student-athlete navigating the complexities of Name, Image, and Likeness (NIL) opportunities, managing your finances is crucial. One essential aspect of financial literacy that often gets overlooked is auto insurance. Understanding auto insurance is vital not only to protect your assets but also to ensure financial stability in the face of unexpected events. This …

Case Study: Quinn Ewers and Strategic Management of NIL Earnings

Background Quinn Ewers, the quarterback for the Texas Longhorns, has emerged as a key figure in the world of Name, Image, and Likeness (NIL) deals. Ewers was one of the first college athletes to capitalize on NIL opportunities when he reclassified to join the Ohio State Buckeyes early out of high school. His initial deal …

Efficient Ways to Give Money to Family and Friends Without Going Broke: How to Budget Generosity

As a student-athlete, NIL (Name, Image, and Likeness) income can create an opportunity not only to support yourself but also to give back to your family and friends. It’s natural to want to share your success with the people who’ve supported you along the way, but without a plan, you could end up hurting your …