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

Key Highlights:

Analysis of the benefits and timing of entering the Transfer Portal, especially during coaching changes.

Discussion on evaluating promises made by coaches and their impact on transfer decisions.

Advice on prioritizing long-term financial success and career goals over immediate NIL offers.

Explorations of NIL agent roles and the necessity of choosing trustworthy representation.

Emphasis on maintaining focus on athletic performance while making strategic career moves.

Quotes:

"Think, as young as you are, you have to predict the future to secure a second or third NFL contract." — Jeff Locke

"For me, the right agent is about trust and how they protect you in those contracts." — Sam Acho

"Parents might not always understand the industry, so doing thorough research is crucial." — Riccardo Stewart

Key Highlights

Introduction to human capital and its components: physical, intellectual, and social capital.

Jeff Locke explains human capital's importance for athletes in maximizing their value.

Sam Acho discusses the significance of developing multiple dimensions beyond athletic performance.

Zach Miller joins in to illustrate how physical capital directly impacts wealth generation in the NFL.

Sam Acho shares a personal story on the nuances of leveraging social capital effectively.

Quotes

"Human capital, let's break it down into two words. Human, me, Capital, value—what is the value that you produce as a human being?" – Jeff Locke

"Social capital is your last name. It's your network, it's your ability to walk in the doors and get into places that no one else can because of who you are." – Sam Acho

"The amount of guys this guy knows. I don't know how his phone has enough memory for his contact book." – Jeff Locke

KEY HIGHLIGHTS:

—NFL players often show generosity at a granular level by supporting people within their facilities.

—The impact of end-of-year giving and its benefits for both givers and recipients.

—Utilizing a donor-advised fund allows athletes to maximize their charitable giving opportunities.

—Strategic charity not only benefits recipients but also provides tax advantages for players.

—Step-by-step guidance on initiating a donor-advised fund for effective giving.

QUOTES:

—"Giving helps unlock the grips of greed." – Zach Miller

—"The donor advice fund gives you the flexibility of time." – Jeff Locke

—"NFL players are extremely, extremely generous but we're looking for better ways to be more effective in our generosity." – Sam Acho

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