@Clayton CoombsThe best way to legally avoid paying taxes requires a lot of money to set up and making your records public domain.Set up a foundation that counts as a non-profit/charity, then all your assets are placed in trust under the foundation.Several pro athletes do this as do the Clinton's and Obama's.

I know - no woman wants to sleep with a trim, built champion athlete.

Lastly just be adamant, that you are going to make it, as a famous athlete once said: I have made a lot of shots, and missed a lot of shots, but I missed 100% of every shot I did not take. 

We grow more when learning about different topics and perspectives, it’s why athletes use “cross training” during the off season.

I hire my hardest working student athletes as laborers during my renovations and I mentor them about investing while teaching them some hands-on skills while we renovate together.

But I have a buddy who played Division I ball at Tennessee State and went to the NFL combine, played arena ball for a year, who watched the show and was just amazed at how well it managed through gladiators to portray many of the modern realities of what it's really like to be a high-profile professional athlete.

However, the reality is none of us probably are going to be pro athletes. 

A lot of pro athletes and others who end up with a lot of money at a relatively early age don't do proper planning.

@Ashish Acharya case scenario: a 7 figure athlete or professional builds( has more than amount of participation hours necessary to qualify for STVR exception) a $500k duplex.

Had some interest from employees moving to town for the local employer however none wanted to pay the rent I was asking - we didnt have a yard in at the time and the driveway will need to be replaced, however that will happen in the next year or so (driveway is not horrible - just not appealing to the eye) -- however the interior was extremely nice.Had interest from 3 groups of college students - ended up going with 4 female student athletes -- Ran background/credit checks on them all, naturally none of their incomes supported the rent, however each had to compose an email with the supporting documentation on how  they would afford the rent -- parents emails were included as well (Combo of scholarships, student loans, jobs, parental support etc) -- I had my lease amended by an attorney to be air tight on the joint/several liability that was discussed earlier.