Listen "How Not to Go Broke: CPA's Share Money & Business Tips for Celebrities, Influencers, and NIL Earners"
Episode Synopsis
Are you a celebrity, influencer, or student athlete with a lucrative NIL deal, wondering how to truly secure your financial future? Many in the entertainment industry go from riches to rags, but you don't have to be one of them. In this episode of the Thank Me Later Show with Jini, three seasoned CPAs with over 20 years of experience in the entertainment industry, who’ve worked with big names like Ludacris, Ceelo Green, and Ari Lennox, break down the financial essentials every student athlete, influencer, and rising celebrity needs to know. From the real reasons celebrities go broke and how to avoid it, to how to set financial boundaries with friends and family - this is the financial literacy masterclass you can't afford to miss.If you tune into this episode of the podcast and apply the tips, I promise that you will #thankmelater! #thankmelatershow #thankmelatermoney #jinithornton #moneycoach #financialexpert #entertainmentindustry #NIL #NILdeals #nameimagelikeness #influencer #entrepreneurshipSTAY CONNECTED:Connect with Thank Me Later:https://thankmelatermoney.com https://www.instagram.com/tmlmoney https://www.tiktok.com/@tmlmoney Connect with Jini:https://jinithornton.com/https://www.instagram.com/jinithornton https://www.tiktok.com/@jinithornton https://www.linkedin.com/in/jinithornton/ ______RESOURCES: Join the TML Community: https://www.thankmelatermoney.com Check out the Entrepreneur podcast playlist: https://www.youtube.com/playlist?list=PLMZGn9VLVoiBDT1ljB7SXvDzP84YbtoVG _____TIMESTAMPS:3:21 - What student athletes need to know about NIL deals 7:04: - How to establish financial boundaries with family 11:17 - Average takehome pay for someone in the sports or entertainment industry 15:10 - The best way that coaches can teach their student athletes about money18:33 - How people in the entertainment industry goes broke22:49 - How to be financially responsible with NIL deals29:49 - The tax traps that catch celebrities off guard37:43 - Advice for women in sports who feels pressured to keep up with an "aesthetic" 44:00 - The importance of talking to a trusted advisor 44:50 - When should influencers set up an LLC?
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