This NFL Star Has Business Skills as Strong as His Field Game– Here’s His Best Financial Advice
Itâ€™s no secret that professional athletes, especially those signed with teams like the New York Jets, earn good money. While star athletesâ€™ lavish spending habits are often the focus of media attention, it doesnâ€™t mean that there arenâ€™t players out there who are also financially savvy.
One of these is linebacker Brandon Copeland, who also just so happens to be a business school graduate from a prestigious Ivy League university.
Business School Graduate
Before signing on to play for the New York Jets, the 27-year-old football player attended the Wharton School and graduated with a degree in economics. He even led theÂ 2012 Ivy League championship winning team as captain. But his impressive resume doesnâ€™t end there. The brainy athlete also worked as an intern for the UBS Investment Bank during his college years and was employed at theÂ Weiss Multi-Strategy Advisers during NFLâ€™s off-season in 2017.
Given his background, itâ€™s no wonder that Copeland is good with his own money. According toÂ Business Insider, he saves the majority of his reported $1.2 million salary and has his own real estate business which he runs with his wife, Taylor.
Eager to share his knowledge about finance, the New York Jets player is currently teaching a financial literacy class together with Dr. Brian Peterson, a professor at the University of Pennsylvania. Nicknamed aptly as â€˜Life 101â€™, the class covers a wide range of useful and practical topics from student loan debt, to buying a home, to purchasing or leasing a vehicle.
According to the football player, his goal is to help his students to be able to go through these big life decisions more confidently. He also highlights how making financial mistakes can lead to spending 30 years of their life just to pay for them.
For his first class, Copeland likes to use an exercise to make his students understand that, when it comes to personal finance, itâ€™s really not how much a person makes that will make the difference. Instead, itâ€™s what they spend.
To demonstrate this, he asks his students to look up the usual salary that they can expect from post-college jobs in their fields. He then led them through computing all the living expenses they might have in the future depending on which city or area they plan on living in. Most of his students, says Copeland, end up shocked by the end.
The Importance of Budgeting
As the football player observed, most of his students went over their hypothetical budget forcing them to re-evaluate their lifestyles. While teaching them about the importance of making and sticking with budgets, Copeland tried to make his class understand that pursuing a certain kind of lifestyle or career might entail them to work other jobs to supplement their projected income.
Heâ€™s pretty clear though that while heâ€™s giving them a dose of reality, heâ€™s still helping them to â€˜enableâ€™ their dreams instead of killing them.
More in Finance & Business
You Can Now Be â€˜Cheaper By the Dozenâ€™ Actor Steve Martinâ€™s New Beverly Hills Neighbor! Hereâ€™s How
If silver-haired actor Steve Martin is anything like the goofy and loveable characters he’s played in movies like ‘Father of the...July 2, 2019
These Are The Two Lesser-Known Things That Make Up Jay-Zâ€™s Billion-Dollar Fortune
The beginning of June has been a good one for rapper turned businessman, Jay-Z. Not only has Forbes announced that his...July 2, 2019
Glenn Close is Selling Her Home of 30 Years — Check Out What the New York Farmhouse Has to Offer
Born in Connecticut and currently residing in New York state, veteran actress Glenn Close seems to be one of the few...June 30, 2019
This is The REAL Reason Why David Beckham Spent $50 Million to Buy a Company He Already Owns
Retired soccer player David Beckham is nothing short of a legend in the world of sports. His popularity also led to...June 30, 2019
UFC Fighter Conor McGregor is Changing His Ways and Copying LeBron Jamesâ€™ Spending Habits– Here’s Why
Mixed martial artist Conor McGregorÂ is currently among the highest-paid athletes in the world today– and he sure spends like one. From...June 23, 2019
Princess Dianaâ€™s Childhood Home Will Soon Be Open to the Public! Hereâ€™s What You Can Expect to See In the Spencersâ€™ Estate
Princess DianaÂ was one of the most beloved members of the royal family when she was alive. While her life was a...June 23, 2019
Ariana Grande’s Ponytail Gets New Endorsement Deal!
Givenchy made a huge announcement last week Friday, and to be honest, everybody saw it coming. On Thursday, they revealed a...June 23, 2019
R Kelly Gets Deeper in Debt as Landlord Seizes Money From His Account
R Kelly’s Indebtedness R Kelly is an award-winning singer and songwriter. He is a record producer who has sold over 60...June 23, 2019
Celebrities That Have Gotten Into Some Really Messy Financial Situations
Nicolas Cage Reports have it that Nicolas Cage’s earnings in 2009 totaled $40 million which made him one of the...June 23, 2019