NFL Rookie's Million-Dollar Mistake? Financial Game Plan Revealed #shorts

Do you have something in place to tell an 18 year old what to do with a million dollars?

Yep. That's crazy you say that. So my cousin actually has a NFL sports agency and I'm also working with my homegirl niche right now too as well. And we're creating a financial literacy roadmap to help them manage their money. So when it comes to like trust, when it comes to LLCs and stuff like that, when it comes to things, they should invest in credit. Like we're helping them with all that when they're doing the nil deals. So that's our focus point in just mentoring them how to manage their money. Because most young athletes, they get, you know, they might get 10,000, they might get 20,000 or 50,000 or a million dollars and they just blow it. The most. Majority of time they want to buy change, cars and stuff like that. But just showing them a different way of when you get this money, let's, let's set up an LLC so you can be tax exempt, you know what I mean, on some stuff. Write some stuff off. Let's go, you know, invest in some real estate. Let's go invest in some car rentals. Like, stuff like that we should be like thinking about and like trust too as well. Like, let's set up a trust too as well so you won't lose, you know, all your money. So just having that, you know, that good advisor around them because some people will take advantage of, you know, young athletes and like take that money and blow it. And then it's like now, now what you gonna do?

Of course, especially some of those contracts are short too.