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