College football is back. Defending champ Ohio State took on uh taking on top ranked Texas last week. Came out with the win.Joining us right now to discuss uh that game and the changing landscape for college sports. We're talking about professional sports. It turned into professional sports to some degree.Ohio State University athletic director Ross Bourke is here. Good morning to you. Thank you very much for having me.You don't you don't like me calling this a professional sport, but it is moving that dire ...

NIL (Name, Image, Likeness) and College Athletes - NIL deals provide college athletes with income, with some earning $40,000-$60,000 annually, even without significant playing time [1][3] - Some college athletes are earning more from NIL deals than they might earn in their first 10 years after graduation, potentially leading them to stay in college longer [3][4] - Many college athletes are not financially literate and are spending their NIL earnings unwisely [4] - Agents are taking fees from NIL deals that are higher than the standard 3% charged to professional athletes, sometimes ranging from 5% to 10% [3] Financial Management in Professional Sports - The average NFL career lifespan is three years, and 80% of NFL players go broke within five years of leaving the league [12] - Undrafted players may have a stronger incentive to manage their money wisely due to the lack of guaranteed income compared to first-round picks [4][13] - Maintaining a consistent lifestyle and saving a financial reserve can help athletes avoid anxiety and financial difficulties after their playing careers end [4][6][9] - Some athletes make the mistake of trying to emulate the spending habits of higher-paid players without having the same level of income [14] Investment Strategies - Cryptocurrency, particularly Bitcoin, has shown significant appreciation as an investment [20][21] - The interviewee first bought Bitcoin in 2016 and has continued to invest periodically using dollar-cost averaging [21][22] - The interviewee is hesitant to use leverage with crypto investments due to the risk of having to sell at a loss [25][26] Generational Wealth - Investing for the long term and utilizing tax-advantaged structures like Roth IRAs and 529 plans are important for building generational wealth [30] - Estate planning and insurance are crucial for ensuring financial security for future generations [31] - Educating children about financial management is essential for them to manage and grow their own wealth [31][32]

I think it's a good thing that players are getting paid. I mean, they they're you're bringing so much money to a university. Um, I think there's there has to be a way that you can you can earn a profit.Not not it doesn't have to be a huge profit that uh kind of happens in some of the stuff, but I think it's cool to see people that might not have the ability to earn this money at any other point of their life being able to earn money that will change their their families and their famil family's families. Um ...

NCAA Rule Change Impact - NCAA 允许学生运动员从姓名、形象和肖像中获利的规则变化，但行业认为为时已晚 [1] - 部分大学篮球明星现在优先考虑 NBA 选秀和海外选项以赚钱 [1] Athlete Prioritization - Jalen Rose 表示 NCAA 的规则变化“迟到了 25 年” [1] - 行业观察到一些大学篮球明星现在优先考虑 NBA 选秀和海外选项 [1]

Let's talk about it with Mark Dolman. He is helping professional athletes manage and invest their money. He just had a client get drafted, by the way, in the first round of the NBA last night. He's got a pair of first rounders in the NBA from a year ago.And Mark is on set with us. He is a managing director at creative planning which is itself interesting because I don't think of creative planning and Peter and all the great team that you guys have as financial planners being in the sports world but there's ...

NIL has been a huge reason why that the WBA has had to move forward because guess what. Now when you look at Instagram followers, they're following the women. Yeah.More than the men, right. And so what has what changed with that. Now, the WBA has to be able to then have these stars take them back to where their fans. ...