MEET YOUR VIRTUAL FINANCIAL ADVISOR

Reginald Times III (Reggie) believes managing your finances is just as important as securing a great NIL deal. Negotiating your contract is a key first step, but handling earnings, taxes, and long-term financial health ensures lasting success.

Without the right knowledge, you could face unexpected tax bills, mismanage income, or miss chances to build wealth. That’s why we’ve brought in a financial expert specializing in NIL money. Whether you're new to NIL or already securing deals, these insights will help protect your earnings and maximize opportunities.

Reggie is available to talk with you right now about budgeting and cash flow strategies, contracts and structuring deals, tax responsibilities and tax credits, investing and wealth building, NIL reporting responsibilities, and how to fill out forms!

TALK WITH REGGIE

Get expert NIL financial advice and strategies!

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NOT SURE WHAT TO ASK? START WITH:

1. Understanding NIL Income and Revenue Streams

• Earning Potential: What are the main ways student-athletes can make money through NIL?
• Contract Types: What should I know about different NIL agreements (endorsements, appearances, licensing, etc.)?
• Payment Structures: How do brands typically pay athletes, and what should I look out for?
• Predicting Income: How can I estimate and plan for my NIL earnings over time?
• Multiple Revenue Streams: What are smart ways to diversify my NIL income?

2. Taxes and Legal Responsibilities

• Tax Basics: How is NIL money taxed, and what should I prepare for this?
• IRS Reporting: What forms and documents do I need to file?
• State Tax Laws: How do tax rules differ based on where I live or play?
• Deductions: What expenses can I write off as a student-athlete?
• Avoiding Audits: What mistakes do athletes make that could trigger tax issues?

3. Contract Negotiation and Terms

• Key Clauses: What are the most important parts of an NIL contract?
• Red Flags: What should I watch out for before signing a deal?
• Fair Market Value: How do I know if a deal is fair for my brand?
• Negotiation Tips: What strategies can I use to negotiate better terms?
• Legal Help: When should I hire a lawyer or agent to review contracts?

4. Managing NIL Money and Budgeting

• Smart Spending: How should I budget my NIL income?
• Avoiding Overspending: What common money mistakes do young athletes make?
• Emergency Fund: How much should I save for unexpected costs?
• Cash Flow Management: How do I handle inconsistent income from NIL deals?
• Setting Financial Goals: How should I plan for short-term vs. long-term financial stability?

5. Investments and Wealth Building

• Saving vs. Investing: How should I allocate my NIL earnings?
• Investment Options: What are smart investments for student-athletes?
• Long-Term Wealth: How can I set myself up financially beyond college?
• Risk Management: What types of investments should I avoid as a young athlete?
• Building Credit: How does NIL income affect my credit and future loans?

6. Working with Financial Advisors and Agents

• Who to Trust: How do I choose the right financial advisor?
• Scams & Pitfalls: What are warning signs of bad financial advice?
• Agent vs. Financial Planner: What’s the difference, and do I need both?
• Fee Structures: How should I pay for financial services—flat fees, commissions, or percentages?
• Family & Finances: How do I manage money with family expectations and involvement?

7. Planning for Life After College Sports

• Sustainable Earnings: How do I transition from NIL money to a post-college career?
• Leveraging NIL Experience: How can my NIL deals help me land a job later?
• Retirement Planning: Is it too early to start thinking about retirement savings?
• Post-Playing Income: What business or career opportunities should I explore?
• Brand Longevity: How can I continue making money from my personal brand after sports?

8. Understanding NIL Collectives and Boosters

• Collective Agreements: What are NIL collectives, and how do they work?
• Booster Influence: How does booster involvement impact my NIL earnings?
• Regulations: What rules should I know about NIL collectives?
• Team Deals vs. Individual Deals: What’s the difference, and how do they impact me?
• Transparency: How can I make sure I’m getting my fair share in a collective deal?

9. Navigating Financial Aid and NCAA Compliance

• Scholarships & NIL: How does NIL money affect my athletic scholarship?
• Financial Aid Impact: Can NIL deals reduce my eligibility for grants and loans?
• NCAA & School Rules: What regulations should I be aware of?
• International Athletes: How do NIL earnings impact visa status and work eligibility?
• Reporting NIL Income: What do I need to disclose to my school or the NCAA?

10. Protecting Your Financial Future

• Avoiding Debt: How can I stay out of financial trouble while earning NIL money?
• Insurance Needs: Do I need disability or liability insurance for NIL deals?
• Identity Protection: How do I protect myself from NIL-related fraud or scams?
• Social Media Risks: How can poor social media decisions impact my finances?
• Financial Independence: How do I take control of my NIL money without relying on others?