A lot of players tend to not know how to handle jumping into the top 2% of the federal tax bracket; they land into a huge pile of money and live an unsustainable lifestyle that leaves them worse off than before they entered the league. Many players tend to blow their money on frivolous, materialistic items that depreciate in value and their bank accounts. Lacking the financial literacy to comprehend how to invest, divest, and grow one's personal wealth is a skill neglected by too many professional athletes. For Lesean Paris Crooks, he had the opportuity to be exposed to legalese and financial maneuvering due to his ventures as a musician. Since his high school days, Crooks has had to sign contracts and learn how to budget his money so he could pay off all his work expenses.
Crooks has never stopped his musical journey. He's used his football money to open his own studio. He is able to record and put out his music without having to pay for studio time. In fact, during the season, he rents his studio out to other artists and has saved that money to buy the property adjacent to the studio where he plans to build a bodega on the first floor, barbershop on the second floor, arcade on the 3rd floor. The main reason stemmed from not wanting to make so many late night runs when working heavy hours in the studio.
The next step would be to buy some properties across the way and build a complex of apartments, townhouses, or condominiums so that he and his people won't have to travel so much to get sleep. All the money he collects from renting and leasing would go to album production and those sales will allow him to maintain everything so he can keep the money flow consistent.
Crooks has never stopped his musical journey. He's used his football money to open his own studio. He is able to record and put out his music without having to pay for studio time. In fact, during the season, he rents his studio out to other artists and has saved that money to buy the property adjacent to the studio where he plans to build a bodega on the first floor, barbershop on the second floor, arcade on the 3rd floor. The main reason stemmed from not wanting to make so many late night runs when working heavy hours in the studio.
The next step would be to buy some properties across the way and build a complex of apartments, townhouses, or condominiums so that he and his people won't have to travel so much to get sleep. All the money he collects from renting and leasing would go to album production and those sales will allow him to maintain everything so he can keep the money flow consistent.