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