Daytona champion shares his best money advice

27-year old NASCAR driver William Byron has won the Daytona 500 race for the second straight year. Here's how he keeps his finances in check.

Transcript

00:00So listen, you are in rarefied air.

00:03You won the Daytona 500 second year in a row.

00:06Not many drivers have been able to do that.

00:09Tell me, how do you leverage this success

00:13in terms of your sponsorships,

00:15your business opportunities and stuff like that?

00:18Yeah, well, it's a huge opportunity

00:20to not only give back to the sponsors that we have,

00:23but also expand our brand as a race team.

00:26And we're just using this momentum

00:29to capitalize on it and give a lot of positivity.

00:31We have some great sponsors,

00:32Exalta, Baveline, Liberty University, HP Computers.

00:37So it's great to give back to them

00:40and really just continue the momentum that we have.

00:43So when you think about the prize money

00:46you won from this event,

00:48where do you look to put money to work?

00:51Yeah, well, I invest most of my money.

00:54So I would say it's probably gonna go there

00:57first and foremost.

00:58And then I'm not a big purchaser.

01:01So I just kind of will probably save most of it

01:03and just kind of let it develop and grow in my portfolio.

01:08And what is your advice to other young athletes

01:12on how to handle their money,

01:16handle their fame, handle the business of money?

01:21Yeah, I think you hear a lot of horror stories

01:23about athletes and the way that, you know,

01:26they manage their money.

01:27But I feel like it's just,

01:28you have to live like you normally were before then

01:32and not really like change any of your lifestyle

01:35based on, you know, success.

01:37So I feel like I try to live by that.

01:39Obviously there's some things that make your job easier

01:41and you try to invest in those things.

01:43Like for us, having a motor home at the racetrack

01:46is a big expense, but it's something that's well worth it

01:49because you're using it 36 weekends of the year.

01:51So it really becomes a home.

01:53So just trying to make sure that you are investing

01:57in a smart way and not changing your lifestyle too much.