The $2.5 Billion NIL Boom Nobody In Our Community Is Talking About With Latavius Powell.
About this episode
Brandon Butler discusses the implications of the $2.5 billion NIL boom with financial planner Latavius Powell.
On this episode of Butternomics, our host, Brandon Butler, talks with entrepreneur and financial planner Latavius Powell about the $2.5 billion NIL boom and what it’s really doing to young athletes. Latavius, CEO of CSG Wealth Management, breaks down why these million dollar checks are 1099 income, how the IRS becomes the worst loan shark a young person can face, and how athletes go rags to riches to rags without the right plan. He shares the building blocks of generational wealth, why schools put contracts in front of teenagers with no lawyer in the room, and what it takes to bring that money back to the community. If you have a young athlete in your life, this conversation will save you from costly mistakes. See omnystudio.com/listener for privacy information.
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