The ability for college athletes to earn money from their Name, Image, and Likeness (NIL) is a transformative opportunity. However, with newfound income comes significant responsibility—especially when it comes to managing money, protecting their brand, and planning for their long-term financial future. As a parent, it’s essential to guide your child through this process, ensuring
With the introduction of Name, Image, and Likeness (NIL) opportunities, student-athletes can now profit from their personal brand while still in college. This shift has opened doors to substantial earnings through endorsements, social media deals, merchandise sales, and more. However, with these new opportunities comes a responsibility that many young athletes are unprepared for: financial
With the rise of Name, Image, and Likeness (NIL) opportunities, college athletes now have the potential to earn substantial income through their personal brand. Whether it’s from endorsement deals, social media promotions, or selling merchandise, NIL earnings can create life-changing financial opportunities. However, managing these earnings requires a solid foundation in financial literacy. Without the
With the rise of Name, Image, and Likeness (NIL) opportunities for student-athletes, many parents are left wondering how to handle the tax implications of their child’s newfound income. While NIL presents exciting financial opportunities, it also brings new tax responsibilities that require careful planning and attention. Understanding these tax obligations is crucial to avoid surprises
With the rise of Name, Image, and Likeness (NIL) opportunities for student-athletes, many parents are left wondering how to handle the tax implications of their child’s newfound income. While NIL presents exciting financial opportunities, it also brings new tax responsibilities that require careful planning and attention. Understanding these tax obligations is crucial to avoid surprises
