Former NFL Player Brandon Copeland Created a Course to Teach Financial Literacy. Here Are 3 Principles He Says Everyone Can Use.

On the latest episode of Financial Freestyle with Ross Mac, Copeland discusses three financial literacy principles that he says everyone can incorporate into their lives.

Former NFL player Brandon Copeland created "Life 101," a course at the University of Pennsylvania that covers the financial decisions most people need to make. On the latest episode of Financial Freestyle with Ross Mac, Copeland shares three financial literacy principles that everyone can use.

Copeland's first tip is to learn the language of money. He suggests following financial news on sites like Yahoo Finance and turning on phone notifications to see how the markets are performing. "Just by osmosis over time, you're [going to] start to pick up things that now you'll double-click into and learn and read about more," he says.

Second, he advises creating a budget that adapts to life's changes. He compares a good budget to a game plan in football, explaining, "by sitting down creating a budget, you are also giving yourself the opportunity and the space to create a game plan for where you [want to] save up next and where you want to make cuts to next, as well."

Third, Copeland recommends paying down debt before starting to invest. While he acknowledges that "the pressure of debt can seem overwhelming and at times, I'm sure insurmountable," he warns that those who skip to investing and don't pay down debt, "have no chance of keeping up and creating the, the lifestyle that you want."

Listen to the full episode here or wherever you get your podcasts.

For expert insight and the latest market action, click here to watch more Financial Freestyle.

This post was written by Meredith Lawrence.

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