Key Highlights

• Sam Acho shares the importance of understanding the value of a supportive financial team during an NFL career.
• Jeff Locke emphasizes getting transparent details in writing about how advisors are paid to avoid unnecessary costs.
• Zach Miller discusses the unique investment opportunities for athletes and the importance of customized financial plans.
• Insights are provided on how taxes and NFL benefits should be integrated into an athlete’s financial strategy.
• Practical advice is given for athletes transitioning to the NFL or switching advisors, including key questions to ask.

Quotes

• "If I knew then what I do now, I would have been so much better off from a time standpoint." – Sam Acho
• "You need a team that can actually advise on your taxes and help you with your taxes, not just on the investment side." – Jeff Locke
• "You are one of one. So you deserve a kind of one, your own individualized plan." – Zach Miller

Key Highlights:

—Explanation of compound interest with examples, including the famous "Rule of 72."

—Discussions on how young athletes can leverage their age for significant long-term investment growth.

—Strategies for ensuring diversified investments to prevent losses from impacting compound growth.

—Practical advice on where to start investing, including tax-advantaged accounts like Roth IRAs and solo 401ks.

—Emphasis on the importance of patience and a long-term mindset in investment strategies.

Quotes:

—"The power of compound interest is often called the eighth wonder of the world." – Sam Acho

—"Start investing early; it's the superpower young athletes have for building generational wealth." – Zach Miller

—"Diversification and patience are key to letting compound interest work its magic." – Jeff Locke

Key Highlights:

• Examination of the skills required to sustain multi-generational wealth, covering taxation and cash flow management.
• Insights on accessing and benefiting from private market investments.
• Importance of comprehensive planning for life events like marriage and family based on personal experiences.
• Differentiating the roles of agents, marketing teams, and family office advisors in an athlete's financial management.

Quotes:

• "The best private investments don't need your money... access is the name of the game." – Zach Miller
• "It's not just about knowing what you know, but having people who know what you don't." – Sam Acho
• "Your family office takes over to ensure your money stays with you and your family." – Jeff Locke