The Young Entrepreneurs Financial Literacy Handbook

This book is written to support young college athletes who, because of hard work and dedication to their sport have been selected to benefit from the new Name, Image, Likeness ( NIL ) Policy. They will now be compensated for their college performance. Before they had to wait until they were possibly selected by a professional team. The probability of this happening is quite low. Even though the focus is on NIL athletes, anyone can benefit from the information in this book. The book focuses on personal finance, investments, and entrepreneurship. Each topic contains objectives, warm-up questions, lesson highlights, and activities. Initially the book starts by explaining the function of the NCAA and purpose of NIL Policy. It lists the benefits of NIL and its impact on collegiate sports. TOPIC 2 explains the purpose of money and how it is represented. It also discusses how money affects economy, and the purpose of the Federal Reserve. It investigates cryptocurrency and what distinguishes it from other money denominations. How we spend money is also discussed. Distinguishing between wants and needs is very important for the wise use of money. We never want to get overly in debt. Short, intermediate, and long-term goals are referenced. How to develop SMART GOALS which are more likely to be achieved is discussed.