Beginning next week, the NFL will conduct its second annual four-day Personal Finance Camp for 43 members of the NFL universe.
Via the league's PR arm, here's a rundown of the camp's events:
Over the course of four days, participants will receive instruction from University of Miami School of Business Administration faculty and TD Ameritrade financial professionals, as well as former NFL All-Pro DE Patrick Kerney, now the director of business development at National Fire & Casualty Investments. Program sessions will include “Building Generational Wealth,” “Funding an Uncertain Lifespan,” “Planning and Building Your Portfolio,” and “Examining Wills, Trusts, Estate Planning.” Throughout the week, participants also will have the opportunity to receive one-on-one financial planning assistance.
Many -- if not most -- college programs have created their own such financial education seminars, but the ones that have not yet done so should rectify that post haste. Junior colleges should as well. And high school programs, when appropriate.
Financial literacy is something that should be taught more readily in schools but, absent necessary standardization, football programs should take it upon themselves that no player who wears their colors will leave without at least understanding the basic tenants of personal financial management.
Be it a coach, an athletics department staffer, a professor, a former player, a financial professor or some combination of the above -- coaches should ensure their players receive this bit of education.