3min chapter

Money Matters with Jack Mallers cover image

EP. 2: SAQUON BARKLEY

Money Matters with Jack Mallers

CHAPTER

The Importance of Financial Literacy in College

Tom Brady should sign a 10 year deal guaranteed in something else. I would choose Bitcoin and we could talk about, you're a Bitcoiner. But I'm shocked that these guys that no one has had, maybe you should,. Maybe why no one has gone out and said no. You never really understand money until you get money. Even when you get money, you still don't understand money.

00:00
Speaker 2
Tom Brady, give me a call. I think Tom Brady should sign a 10 year deal guaranteed in something else. I would choose Bitcoin and we could talk about, you're a Bitcoiner. We could talk about what we like about Bitcoin, why we think it's the best. But I'm shocked that these guys that no one has had, maybe you should, maybe why no one has gone out and said no. I want my contributions to this organization and to this league and to America to be priced in housing or Apple stock or Bitcoin or a different version of money. Because if inflation is, let's say, housing inflation is 25% year over year, every four eight, if you're signing a 10 year deal, housing is double tripling by the time you get fully paid. So your deal is worth a third to the world as what it was when you signed
Speaker 1
it. You're not taught that as a kid. Why not? As an athlete. Why don't you go? Well, I think, I don't know. Is that a financial literacy problem? Definitely that. And I think you got to just base off of the NFL, the majority of the NFL is probably African American, not probably. I don't know the exact number, African American and growing up, a lot of people, NFL, whether it's your in the hood, a lot of people come from poverty, a lot of people don't come from a situation where the family has money. So you never really understand money until you get money. Even when you get money, you still don't understand money. That's why I think it's important to get involved in college now. Get involved with the college athletes, get involved with the college students. There's like, I keep, like, my fault, the deal, the four-year deal, that sounds amazing. My thought process will never have been there when I was 20, 21 years old, will never have been there. And now these guys, you got all these five stars, all these big recruits coming in, they're 18 years old. They're going to have amazing college careers. And then every year, there's going to be an NFL drive. Every year, there's going to be someone with a number one pick. There's going to be a 32 people that's in the first round. They're going to get paid a large sum of money and are going to be looking at, like, what do I do? What do I do?
Speaker 3
Some of them are going to come into high school and get
Speaker 1
paid. Yeah, right. And I owe deals. Yeah. Right.
Speaker 3
And so for me, I was even a step younger.
Speaker 1
I think, and I was 18. That's more dangerous to me, to be honest. It's kind of hard balance because I feel like if you do right, if you do right, you have to write people around you when you're 18, 19, 20 of sophomore in college, freshman in college, the other right people around you, it could be helpful. I'm all about the players getting money. But I know, like, if I was in that situation, well, I mean how my life played out, I saw my son with great people and created a great team. So it would have been perfect. But there's some guys that, you're 19 years old and you get a million, two million dollars, like, you think that's everything in reality. It's not a problem
Speaker 2
with society generally.

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