Sole Brothers

m.youtube.com/watch?feature=… @Kaepernick7 @_sammnguyen @marcjohnj @CashWarren @DrewLeague @DebCarson

$1.2M NIL deal at 18. Most keep $588K. Michael kept $805K. The $217,000 gap was four decisions wide. Meet Michael. 18 years old. From California. Never filed a tax return in his life. Just walked into more money than most adults will see in a decade. Here’s how we drew it up. 𝗠𝗼𝘃𝗲 𝟭: 𝗦𝘁𝗮𝘁𝗲 𝗿𝗲𝘀𝗶𝗱𝗲𝗻𝗰𝘆. California has a 13.3% top tax rate. Texas has none. NIL income is taxed based on your state of domicile, not your school’s state. We established Michael as a Texas domiciliary. Saved: $127,000. 𝗠𝗼𝘃𝗲 𝟮: 𝗘𝗻𝘁𝗶𝘁𝘆 𝘀𝗲𝗹𝗲𝗰𝘁𝗶𝗼𝗻. NIL income is self-employment income. As a sole proprietor, Michael would pay self-employment tax on every dollar. We set up an LLC taxed as an S-corp, paid him $190K in salary, and took the rest as distributions. Lower SE tax. And it unlocked the next move. 𝗠𝗼𝘃𝗲 𝟯: 𝗥𝗲𝘁𝗶𝗿𝗲𝗺𝗲𝗻𝘁 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝘀. Remember that $190K salary? It wasn’t random. It maxed out his solo 401(k): $24,500 employee + 25% employer match = $72,000. Add a backdoor Roth IRA at $7,500. Tax savings today: ~$26,000. Plus 50 years of compounding. 𝗠𝗼𝘃𝗲 𝟰: 𝗗𝗲𝗱𝘂𝗰𝘁𝗶𝗼𝗻𝘀. Here’s the one most athletes never hear: Off-field NIL income lets you deduct agent fees. On-field salary doesn’t. Agent fees ($60K+) + business expenses ($20K) = $80K off the top. Four moves. $217K back in his pocket. Now we invest. If Michael puts $685K to work at age 18 and never adds another dollar, an 8% return gets him here: Age 30: $1.7M Age 40: $3.7M Age 50: $8M Age 60: $17M Age 70: $37M Age 80: $80M He’s 18. His superpower isn’t the $1.2M. It’s the 60 years of compounding nobody his age understands he has. What he does in the next 12 months decides whether $1.2M stays $1.2M or becomes $80M. If you’re on a big NIL deal, let’s talk.

@MJ22inthelab You are right Matt

Is it weird for actors/actresses to go to the movies? Is it weird for singers/ rappers to go to concerts? What are we talking about here? People really just talk because they feel like they gotta say something.

@sm000ve1of1 Yep no matter how good you are as a coach you need players to execute

A valuable lesson I’m learning 🙏… “In today’s environment right now, it’s not about the X’s and O’s…it’s about the Jimmy’s and Joe’s” unfortunately

@sm000ve1of1 Dirk maybe but Livingston was the Middy king. If they are counting Dirk's post touches as mid range he has to be top 5..Demar is a better player not better middy

@SoleBrothersorg Bump Dirk and Livingston to #6 and #7

No Rip, No DeMar is blasphemy

@stephenasmith my Brother you the Brother you were referring to is Brad Dougherty there's no Black Matt Dougherty that played in the nba @FirstTake

Cronin has to stop having his guards walk the ball up the floor..let those guys run #ucla #marchmadness

@MayorOfLA this is a bad idea..Will hurt the drivers as well because less of us will order ride share. We will just get a prive car..smh #dobetter

Truly appreciate everyone that has an continues to support #solebrothers

Staying true to the mission #1soleatatime THX Mike Ojo Lisa Aronson Sean Conley Harry Wallaesa @AustinCroshere @DedriqueTaylor #solebrothers #nonprofit #SaturdayMood @LAmag

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Thank you @HireOptionsInc for your generous monetary donation to #solebrothers truly appreciate it! #feelgoodfriday #1soleatatime #nonprofit

This was a basketball emergency..the sole on his previous shoe blew out (Zion Williamson at Duke) #solebrothers came through in the clutch..thank you Hudson Mayes for the donation @UCSDmbb @KingJames #nike #nba #1soleatatime #solebrothers

@Victorwemb is frying the @Lakers 25 first quarter points

@Tesla @elonmusk don't do it! Rethink it #modelx #models

Proposal No. 2026-6 motion to refer has PASSED #MakeItYours | #NCAAConv

@DevineNews I hope you are well. What happened to the 10pm episode of the news cast?

We were able to support a single mother with 10 children. If you have ever donated $ shoes time liked a Pic shared retweeted a post you have helped a family like this. Thank you all for your donations #1soleatatime #nonprofit #solebrothers

Thank you everyone who has and continues to support #solebrothers

We really need your support. Please if you are able visit solebrothers.org and make a monetary donation to help us continue to serve the community #nationalgivingday all donations are tax deductible #nonprofit #1soleatatime