re: Mississippi State to Require Personal Finance/Dave Ramsey of all athletes

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LINK

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“We want to make sure that they understand the basics of finance,” [AD Scott] Stricklin said. “Not that we’re going to tell them what to do with their money, but to make sure they understand how to open a checking account, set a budget and things of that nature.”


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Some number of athletes will get value out of this and will have better financial futures than they otherwise might have. I personally have one or two disagreements with what Ramsey teaches, but for the basics, it's fine. For as many financially savvy people there are out there looking to prey on the misinformed and uninformed, it's a shame that these kinds of skills aren't more widely taught and then studied to find out which education methods are the most effective.

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In the event that a booster successfully transfers $160k-$180k to a player a la Cam, they can't just put all of that in one place... I'm assuming this course covers basic contributions to various investment vehicles, the contribution limits on those accounts, and what to do with the rest?