Power Your Advice Episode 259 – The Financial Game Plan Every Athlete Needs with Frederick Blue
In today’s episode, Doug speaks with Frederick Blue, Managing Director at Wells Fargo Wealth and Investment Management, about the financial challenges athletes face during and after their careers. With short earning windows and sudden wealth, many athletes struggle without proper planning. Fred emphasizes the importance of budgeting, working with qualified advisors, and using league and institutional resources to build a strong financial foundation early on.
He also unpacks the complexities of taxes, endorsements, and asset protection, especially as NIL deals reshape the financial landscape for college athletes. From managing inconsistent income streams to understanding state tax liabilities and insurance needs, Frederick highlights the critical role of a well-coordinated financial team. His core message: start early, stay disciplined, and protect your wealth—and your brand—for the long haul.
Resources: Wells Fargo