the 49ers cornerback richard sheryl an is the team's nominee for the walter peyton award. now he's launching a new initiative to help young adults with financial literacy. chris nguyen has a sneak peek. >> reporter: as the 49ers prepare for super bowl liv -- >> this is your lesson. >> reporter: lessons in financial literacy all ailed at young did you think. >> it hits so close to me. it is really important for me to make sure that the next generation doesn't fall into those same pit falls. >> reporter: that's why he's teaming up with the singleton foundation to transform money talk from boring and taboo to something that is socially relevant. in adulting with richard sherman, the stanford graduate breaks down his strategies for financial successful. >> this is how you get out of credit card debt. this is how you budget. this is everything you can do to avoid payday loans. >> reporter: according to a george washington university study, less than half the adults under the age of 35 are financially literate. in addition, more than 80% of college aged millennials carry some fo