Schmidt is a 400-meter runner who has represented the United States in international competitions.
She was also part of Germany's relay squad in the past Olympics but did not walk onto the track as she was a reserve.
The revelation of the beauty has shown that many top-tier athletes have financial difficulties.
"In principle, I have to say that it is not easy for most German track and field athletes to make a living from sport."Sporthilfe pays us £611 if we make the team and play for our country.
She said, "that's usually not enough to make a living from." refers to the money they get from their clubs.
Schmidt, like many athletes, has to supplement her income by studying or working, and she has amassed 4.7 million Instagram followers to do so.
The blonde bombshell added: "I am grateful that I earn my money with social media and can save myself another part-time job."