Bryce Scott: Understanding Value as a Student Athlete
By Bryce Scott \\\ Basketball College Student Athlete
My name is Bryce Scott and I successfully graduated from Lafayette College in the spring of 2016. Before my years at Lafayette, I grew up in what was commonly known as the “privileged” small town of El Dorado Hills or E.D.H. While it was commonly perceived that money grew on the trees of every backyard in E.D.H., somehow my personal tree seemed bare. My small tree seemed to lack the financial fruits that the “privileged ones” possessed, but I must preface my financial background by admitting that living a financially stable life was never an issue for me and my family.
Going to school every day I usually saw a few Maseratis, Jaguars, Teslas… you name it and I saw it. However, next to all those cars you would find a white, run-down 2002 Honda Accord, and that baby was mine. Yes, it did not have the glamour and prestige of the luxury vehicles that surrounded it, but my car had character. I guess this is the perfect image of how I lived my life and how my family raised me to live my life financially.
Growing up, from my high school years to my college days, if I wanted to spend my money, I had to earn it. From the first day that I could legally work (poor man’s janitor for a sandwich shop), to my last internship (financial analyst), I was responsible for handling all of my expenses. While it seems like this concept is completely normal, it wasn’t easy to comply when I saw my friends getting a grand for receiving a B- in a PE class.
I really wanted to get out of the “bubble” that I grew up in buttttttt it only got worse in college.
The annual tuition to go to Lafayette was nearly 70k a year with room, board and other fees factored in, so I guess my peers at Lafayette didn’t really teach me how to save. In fact it was the exact opposite. The full ride scholarship to play basketball really did not seem like a big deal to anyone around me as that was just chump change to them. So I went from my privileged home town to the top 1% financially at college and I still was rolling around in my 2002 Honda. Needless to say, I could not keep up with those around me.
However, living amongst these peers who really did have money growing in their backyards was a massive learning experience. At times, it was very hard to save and come back to reality and realize my financial boundaries. But, I did learn many quality lessons from these people that are beyond stable. Behind every person with money comes a story of how one person beat all of the odds and made a name for themselves. What I realized about money was that it truly does not define who you are. Rather, it represents an adjective of who someone is perceived to be. From knowing all of these wealthy individuals, I have found that it is not the money that matters, but how you use it that will determine its true value.
I have found that too many people spend money they haven’t earned, to buy things they don’t want and to impress people they don’t like.
Money is rare and can be used to do amazing things but you must treat it like you would in sports. No one respects the guy who is amazing in pickup basketball but can’t produce in the game. The same goes with money, “do not save what is left after spending, but spend what is left after saving.”
During my 4 years at college, I only spent the money that I made during the summers. Because I was fortunate enough to earn a full scholarship, I did not have many expenses so every dollar that I earned would be to enjoy what my scholarship could not provide. This taught how to budget my money accordingly if I wanted to have the fun that others did around me in college.
I will end this with a quote that hung in my house:
Don’t educate your children to be rich. Educate them to be happy, so they know the value of things, not the price.
After a stellar high school career, Bryce Scott continued his excellent performance both on and off the court at the prestigious Lafayette College where he was a 4 year starter and member of the honor roll. Bryce exemplified the true student- athlete life with countless internships and other activities on campus. Bryce is currently working as an executive recruiter for Daversa Partners