EL SEGUNDO, Calif., April 9, 2019 /PRNewswire/ -- Tampa Bay Buccaneers defensive end Carl Nassib, just wrapped his NFL Players Association Externship experience with Financial Finesse – the inventors of Financial Wellness and firm behind the NFLPA's award-winning financial coaching program.
Nassib invested two weeks of his offseason in a financial training camp designed by Financial Finesse to cultivate Nassib's interest in personal finance and ultimately prepare Nassib to design and deliver a Hard Knocks inspired workshop for fellow players.
Financial Finesse Founder and CEO Liz Davidson is Nassib's newest fan. "We've worked with the NFLPA for ten years, and we could not have envisioned a more perfect PSA," Davidson said. "You can teach facts and strategy. You can't teach the passion and curiosity Carl has. When he talks, people listen. So, it's our job to make sure Carl's message is on point in hopes of helping him inspire an entire league of financially savvy athletes."
Equipped with the right tools from the NFLPA, Nassib and the growing number of players who share his thrifty philosophy are part of a movement to ensure that athletes not only manage their money wisely, but actually position themselves to leverage their football earnings as a catalyst in growing their wealth and, ultimately, their influence in business, philanthropy and advocacy.
"The majority of NFL players are considerably more responsible with their finances than the media would have you believe," said Dana Shuler, Senior Director of Player Affairs at the NFLPA. "We still hear the decade-old soundbite about 78% of players going broke in retirement, when in reality, it is actually the complete opposite."
Carl's story highlights the beginning of a massive cultural shift with a ripple effect that extends beyond professional athletes and into the financial habits and behaviors of everyday Americans. The narrative is finally evolving to highlight the growing trend in players' humble spending habits including, living in a van (by choice), investing 90% of their multi-million dollar salary, managing to budget and live exclusively on endorsement income, and even teaching financial topics in the classroom at UPenn.
"Thanks to initiatives like the NFLPA Externship and the Financial Wellness programs made available to players, we are seeing a league that produces entrepreneurs, philanthropists, real estate moguls, actors and even social activists" Shuler added. The goal is to empower players so that one day they can be in the financial position to own the team they played for, if they so choose."
"This is a great performance enhancement benefit the NFLPA offers," Nassib said. "I've had coaches pay for specialists to come in and teach different breathing and sleeping techniques. Anything to gain an edge. Financial stress is real and can be an X-factor on gameday, just like anything else. What Financial Finesse does is proven to work, and it's free, so why wouldn't you use it?"
Of the NFL players who participated in a series of 2018 post-workshop surveys, 95% of players reported being better prepared to make a financial decision as a result of the information provided, while 98% considered the financial education services provided by Financial Finesse to be an important part of their total benefits package. Even more impressive, 48% of players that completed a separate savings survey indicated they are saving 20% or more of their earnings — well above the national average savings rate, which typically hovers around 5%.
Having an ambassador like Nassib to help shape the trajectory of the NFLPA program will only enhance the award-winning user-experience for athletes and everyday users alike, ultimately empowering Financial Finesse to change more lives.
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Financial Finesse is the largest independent provider of unbiased workplace financial wellness programs in the country. All services are designed and delivered by Certified Financial Planner™ professionals who do not sell any financial products or manage assets. To learn more, visit: www.financialfinesse.com.
SOURCE Financial Finesse