Reconstructing Wealth With An Athletic Portfolio

Matt Morizio shares his journey to becoming a financial advisor and founder of Reconstructing Wealth after his professional baseball with the Kansas City Royals. We explore the parallels between sports, parenting, and personal finance, including raising a family of eight, the importance of taking action before feeling "ready," and why investing in health is just as important as investing money. Kirk and Matt also discuss how youth and professional sports have changed due to commercialization, the growing influence of money in athletics, and the challenges athletes face managing sudden wealth. We also examine what true financial freedom really means, as lasting wealth comes from developing a healthy relationship with money rather than simply accumulating more of it.

We discuss...

• Matt's journey from professional baseball to becoming a financial advisor and founder of Reconstructing Wealth.
• How getting released from baseball accelerated his transition into entrepreneurship and wealth management.
• The challenges and rewards of raising a family of eight children while building a business.
• Why Matt views investing in healthy food today as an investment that reduces future healthcare costs.
• Why waiting until you're "ready" to have children or start a business can keep people from ever taking action.
• The mental lessons learned from professional sports with those required to build wealth.
• How youth sports have become increasingly commercialized and expensive for families.
• Whether money and NIL deals are changing the culture and integrity of college and professional sports.
• Why early sports specialization can increase the risk of injuries for young athletes.
• The financial challenges professional athletes face after their playing careers end.
• Why many athletes struggle with sudden wealth despite earning millions of dollars.
• Why financial education is more valuable than simply handing money management over to an advisor.
• How developing the right mindset and identity is essential for building and preserving wealth.
• Why true financial freedom is about emotionally detaching from money rather than simply accumulating more of it.

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance

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For more information, visit the full show notes at https://moneytreepodcast.com/reconstructing-wealth-matt-morizio-840