Join host Riccardo Stewart and his insightful co-hosts Sam Acho, Jeff Locke, and Zach Miller in this episode of the AWM NFL Podcast as they dive into the critical importance of having a team to manage the complexities of wealth for NFL athletes. Discover the benefits of moving from a single advisor to a coordinated team, as they share personal experiences and expert insights on wealth management, tax strategy, and creating multi-generational wealth for professional athletes.

Key Highlights

• Exploring the complexity of wealth management for NFL athletes and the need for specialized team support.
• Jeff Locke highlights the crucial tax challenges unique to professional athletes and the importance of targeted expertise.
• Zach Miller reflects on his experience of initially choosing individual advisors and the lack of coordinated support.
• Sam Acho discusses the short and long-term benefits of having a comprehensive team rather than relying on a single advisor.
• Examining common pitfalls players encounter without a team and strategies for effective wealth planning.

Quotes

• "One person can't do it all... you need an athlete specific tax person." – Jeff Locke
• "Not every place you work with is the same... NFL is so specific." – Zach Miller
• "Having a team means getting the expert answers you need without the runaround." – Sam Acho

In the 50th episode of the AWM NFL Players Podcast, hosts Riccardo Stewart, Zach Miller, Sam Acho, and Jeff Locke explore the complexities of public vs. private investments. They dive into the distinctions between these markets, highlighting access, regulation, and investment opportunities. Tune in for expert insights on how to navigate these options and understand their long-term impact on wealth creation.

Key Highlights

• Definition of "the market" and its historical context.
• Differences between public and private markets: access, regulation, and investable opportunities.
• Public market's 10% annualized return over the past century.
• Considerations for navigating private markets and achieving higher returns.
• Importance of long-term investing and the power of compounding.

Quotes

• "The public stock market has been one of the most incredible wealth creation tools in history." – Zach Miller
• "In the private market... it's very much buyer beware." – Zach Miller
• "Just because you have the money doesn't mean you really know what's going on." – Riccardo Stewart

In this episode of the AWM NFL Players’ Podcast, host Riccardo Stewart is joined by Sam Acho, Jeff Locke, and Zach Miller as they tackle essential investment concepts every NFL athlete should know. They break down the basics of stocks and bonds, the importance of investing in oneself, and the critical role of diversification in building financial security. Whether you're already investing or preparing to start, this episode provides valuable insights to elevate your financial strategy.

Key Highlights:

• Explanation of investment types: equity ownership and lending through bonds.
• Distinction between public markets for accessibility and private markets for high risk and high potential rewards.
• Importance of investing in self—human capital is the greatest asset for athletes.
• The necessity of diversification across global stocks and bonds for financial stability.
• Key questions before investing: ratio of bonds to stocks and commitment to long-term growth.
• Significance of compounding returns when investing early.

Quotes:

• "The most money you will ever make is going to be in your performance on that field." – Zach Miller
• "The power of compounding is massive when you start early." – Zach Miller
• "The future you will thank you for the investments you made right now." – Sam Acho

In this episode of the AWM NFL Podcast, host Riccardo Stewart is joined by former NFL players Sam Acho, Jeff Locke, and Zach Miller to explore the traits and skills essential for professional athletes aiming to build multi-generational wealth. Together, they discuss the importance of knowledge, communication, and discipline, highlighting insights from their experience both on the field and within the family office advisory space. Tune in for actionable strategies and thought-provoking conversations tailored for athletes aspiring to long-term financial success.

Key Highlights:

• Understanding the importance of knowledge and curiosity in financial growth.
• Communicating effectively—an underrated skill in managing partnerships.
• Embracing a CEO mentality for decision-making in personal and professional spheres.
• The role of discipline and consistency in achieving sustained success.
• Characteristics of top-performing NFL players and their financial habits.

Quotes:

• "Our clients want to be knowledgeable about anything and everything... that's the knowledge you have to have to do what you do." – Jeff Locke
• "The ones that communicate the best... those skills are transferable." – Sam Acho
• "Your athleticism will only take you so far... it's the intangibles that separate you." – Zach Miller
• "I would rather for you to be consistently good as opposed to being occasionally great." – Riccardo Stewart

Join host Riccardo Stewart and co-hosts Zach Miller, Jeff Locke, and Sam Acho as they explore the concept of "paying your future self" in Episode 47 of the AWM NFL Podcast. The discussion navigates through personal and financial strategies for NFL athletes, emphasizing the importance of planning early to ensure long-term prosperity. This episode offers invaluable insights into achieving enduring financial stability and lays the groundwork for securing a flourishing legacy for athletes and their families.

Key Highlights:

• Sam Acho highlights the significance of investing in both physical well-being and finances for future benefit.
• Jeff Locke emphasizes the importance of early savings and the advantages NFL players have in securing long-term financial stability.
• Zach Miller discusses lifestyle management and the necessity of maintaining adequate savings to counter lifestyle creep.
• Strategies on building intellectual and social capital during and after an NFL career are shared by Sam Acho.
• Practical financial strategies such as maintaining a 40% savings rate are presented by the hosts.

Quotes:

• "Saving money is paying your future self." – Sam Acho
• "Your ability to control time is real wealth." – Zach Miller
• "Starting early is the biggest superpower you have as a young athlete." – Jeff Locke

In this latest episode of the AWM NFL Podcast, hosts Riccardo Stewart, Jeff Locke, Zach Miller, and Sam Acho dive into the fundamental question every high-earning athlete faces: "Where does my money go?" They discuss the Four Uses of Money framework designed to help NFL players plan for taxes, spending, giving, and saving. With insightful advice and real-life examples, this episode provides a valuable roadmap to managing wealth effectively.

Key Highlights:

• Explore the inevitable reality of taxes and strategies for minimizing tax burden over a lifetime.
• Understand the privilege of spending wisely and the importance of enjoying your earnings.
• Discover the joy of giving and its profound impact on happiness and community.
• Learn the significance of saving and investing aggressively to ensure a secure financial future and multi-generational wealth.

Quotes:

• "Taxman is undefeated. It's about planning for it across your lifetime." – Jeff Locke
• "If you really want to be happy, I'd argue giving is a great option." – Sam Acho
• "Your future self will thank you for saving aggressively while you earn millions." – Zach Miller

In this episode of the AWM NFL Podcast, host Riccardo Stewart is joined by Jeff Locke, Zach Miller, and Sam Acho to explore the playbook for achieving multi-generational wealth for NFL athletes. They dive into how athletes can leverage their human capital—physical, intellectual, and social—and outline the crucial steps for managing income, taxes, spending, saving, and investing. The team emphasizes the importance of having a strong support system, from financial planners to wealth advisors, to ensure long-term success beyond sports.

Key Highlights:

• The concept of human capital—physical, intellectual, and social—and its role in generating income.
• The importance of tax management and how much athletes can expect to pay.
• Strategies for spending and sharing income, including a 40% savings rate.
• The importance of investing income for future prosperity.
• Key protections through insurance and estate planning to safeguard wealth.
• Building a financial team including certified financial planners and advisors.

Quotes:

• "Your human capital is how you can earn income." – Sam Acho
• "Giving unlocks the grips of greed." – Zach Miller
• "40 percent is what you need to try and hit to be setting yourself up for life after sports." – Jeff Locke

In Episode 44 of the AWM NFL Podcast, Riccardo "Coach" Stewart is joined by Zack "The Truth" Miller, Sam "The Mayor" Acho, and Jeff "The Professor" Locke, to discuss effective financial strategies for NFL players during the offseason. The hosts delve into topics such as offseason training plans, maintaining physical fitness, understanding NFL pay structures, and the importance of postseason financial meetings to ensure long-term financial success. This episode provides essential insights for players and their families navigating the unique financial landscape of professional sports.

Key Highlights:

• Players should focus on decompressing and addressing physical health, including any required offseason surgeries.
• Importance of planning offseason training and nutrition to maintain peak physical condition.
• Explanation of postseason financial meetings and their role in assessing past spending and structuring future financial goals.
• Understanding the NFL pay structure is crucial for effective cash flow management and avoiding financial stress.
• Strategies for players anticipating big contracts and those considering retirement, focusing on residency planning and post-career benefits.

Quotes:

• "Winning the cashflow game is one of the five skill sets of building multi-generational wealth." – Sam Acho
• "These are really some of the biggest meetings of the year that we have with our clients." – Jeff Locke