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

In this episode of the AWM NFL Podcast, host Riccardo Stewart is joined by NFL veterans Zach Miller, Sam Acho, and Jeff Locke to discuss the thrilling NFL playoff season. The conversation goes beyond the field to explore the vital off-field aspects, including financial implications and preparations unique to this stage. Tune in for first-hand playoff experiences, financial insights, and advice on managing both expectations and earnings during this intense time.

Key Highlights

• Sam Acho shares the exhilaration of his first playoff game and the crucial learning about peaking at the right time.
• Jeff Locke discusses the importance of treating every playoff game with the same seriousness as the regular season, despite varying conditions.
• Zach Miller reveals how experience in the playoffs changes perspective and preparation methods.
• The panel explores how playoff compensation works and the importance of understanding its tax implications.
• Jeff Locke emphasizes maintaining a tight, trusted circle off the field during playoff season.

Quotes

• "The further you go in the playoffs, it can start up to a few hundred thousand dollars that you weren't expecting, which is nice." — Zach Miller
• "Keep it tight. There's going to be a lot of people coming out of nowhere, wanting things from you." — Jeff Locke