Money & Mindset for Tomorrow's Athletes

A simple rule: 50% needs, 30% wants, 20% savings. For a young athlete, "needs" might be gear, lessons, or transportation; "wants" are extras; "savings" build for the future.

Short-term goals (new cleats) vs long-term (college fund). Parents can open a custodial account (UTMA/UGMA) so kids learn with real money under adult oversight.

• NIL or sponsorship income may be taxable.
• Parents/guardians should consult a licensed CPA or tax professional.
• Keep records of income and related expenses.
• This is general education, NOT tax advice.

• Never sign a contract without a parent/guardian reviewing it.
• Consider having a lawyer review any NIL agreement.
• Understand exclusivity, duration, usage rights, and payment terms.
• It's okay to say "let me have my parent look at this first."

Skills like content creation, community building, and storytelling translate far beyond sports. Treat your platform as practice for any future career.

Educational only. Drag the slider to see a sample split.