As we mark five years since NIL began reshaping college sports, the biggest change is that earning power can start earlier — and move faster — than many athletes and families are prepared for.

NIL can create real opportunities, but it also introduces adult financial decisions at a very young age. The athletes who build basic money habits early tend to feel more in control — on and off the field.

For generations, athletes have been told to focus on the next practice, the next game, the next season. With NIL, they also have to be educated on finances and prepare more than ever before.

Treat NIL like income and a business

One of the biggest surprises for first-time NIL earners is taxes. Depending on the deal, you may receive a W-2 or a 1099 — and those aren’t the........

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