In this episode of the NFL Players' Podcast by AWM Insights, host Riccardo Stewart is joined by Zach Miller, Jeff Locke, and Sam Acho to explore the various financial advising options available for NFL players. The team discusses the different types of financial advisors and the benefits of a family office tailored for athletes. This episode is a must-listen for players looking to effectively manage and grow their wealth. The discussion contrasts traditional financial advisories with more specialized, athlete-centered solutions, offering valuable insights for making informed decisions.

Key Highlights:

• Understanding the different financial advisory options available to NFL players.
• Insight into the limitations of traditional financial advisors versus the specialized services of a family office.
• The importance of taxes and NFL benefits in comprehensive financial planning.
• Why the big banks' marketing strategies do not always equate to the best advice for athletes.
• Upcoming discussion on the role and benefits of a family office for NFL players.

Quotes:

• "You might have the biggest marketing budget in the world, but that doesn't mean you're best for me." – Sam Acho
• "It's not set up for an athlete to know about a failure or a missed opportunity that a company may have." – Sam Acho
• "Any advisor that's serious about giving financial advice is going to be a certified financial planner." – Zach Miller

In this episode of the NFL Players' Podcast, host Riccardo Stewart and his co-hosts Jeff Locke, Sam Acho, and Zach Miller explore the essentials of building a strong financial team for NFL players. They dive into the nuances of transitioning from relying on a single financial advisor to curating a team dedicated to managing multi-generational wealth. Highlighting the complexities and responsibilities that come with increased wealth, the hosts share insights into the critical roles within a financial team and the timing for making this pivotal switch.

Key Highlights:

• Riccardo Stewart introduces the necessity of shifting from a single financial advisor to a comprehensive financial team for NFL athletes.
• Jeff Locke emphasizes the analogy of a sports team to explain the complex needs of high net-worth individuals.
• Sam Acho discusses the importance of having a financial team present regardless of geographical location.
• Zach Miller provides criteria for when an athlete should transition to a team based on their earning potential.
• Jeff Locke covers the philosophical reasons behind having a team to achieve the desired life outcomes.
• Sam Acho stresses the importance of working with an independent team to avoid conflicts of interest.

Quotes:

• "More money means more complexity, and when you have that complexity, it necessitates more clarity." – Riccardo Stewart
• "You can't just have one, two, or three people trying to handle all the things you need." – Jeff Locke
• "Your team needs to be wherever you are at, period." – Sam Acho
• "If you think you're going to make over $20 million, you should have a team." – Zach Miller

In this episode of the AWM NFL podcast, host Riccardo Stewart is joined by Sam Acho, Jeff Locke, and Zach Miller to explore situational investing for NFL players in volatile markets. Drawing parallels between situational football and market strategies, they discuss how athletes can capitalize on current market conditions while managing risk. Gain invaluable insights into sticking to financial plans and viewing market downturns as opportunities rather than obstacles.

Key Highlights:

• The importance of situational investing similar to situational football strategies.
• Current market conditions and their implications for stocks globally being down.
• Advice on the significance of sticking to long-term financial plans and being a diversified investor.
• How NFL players can view market downturns as opportunities to buy valuable stocks at a discount.
• Real-world examples and insights on how diligence in tax considerations can save players significant sums of money.
• Practical tips on market behavior and the importance of having a non-anxious presence in volatile times.

Quotes:

• "The little things still matter." – Sam Acho
• "Stick to your plan. You don't get midway through the game, have some adversity, and just rip up and create a new game plan." – Zach Miller
• "Stock market corrections are a feature of the market, not a flaw." – Jeff Locke
• "Have a non-anxious presence, trust in your plan, trust in the team that you've hired." – Riccardo Stewart

Join host Riccardo Stewart and his insightful co-hosts Sam Acho, Jeff Locke, and Zach Miller in this episode of the AWM NFL Podcast as they dive into the critical importance of having a team to manage the complexities of wealth for NFL athletes. Discover the benefits of moving from a single advisor to a coordinated team, as they share personal experiences and expert insights on wealth management, tax strategy, and creating multi-generational wealth for professional athletes.

Key Highlights

• Exploring the complexity of wealth management for NFL athletes and the need for specialized team support.
• Jeff Locke highlights the crucial tax challenges unique to professional athletes and the importance of targeted expertise.
• Zach Miller reflects on his experience of initially choosing individual advisors and the lack of coordinated support.
• Sam Acho discusses the short and long-term benefits of having a comprehensive team rather than relying on a single advisor.
• Examining common pitfalls players encounter without a team and strategies for effective wealth planning.

Quotes

• "One person can't do it all... you need an athlete specific tax person." – Jeff Locke
• "Not every place you work with is the same... NFL is so specific." – Zach Miller
• "Having a team means getting the expert answers you need without the runaround." – Sam Acho

In the 50th episode of the AWM NFL Players Podcast, hosts Riccardo Stewart, Zach Miller, Sam Acho, and Jeff Locke explore the complexities of public vs. private investments. They dive into the distinctions between these markets, highlighting access, regulation, and investment opportunities. Tune in for expert insights on how to navigate these options and understand their long-term impact on wealth creation.

Key Highlights

• Definition of "the market" and its historical context.
• Differences between public and private markets: access, regulation, and investable opportunities.
• Public market's 10% annualized return over the past century.
• Considerations for navigating private markets and achieving higher returns.
• Importance of long-term investing and the power of compounding.

Quotes

• "The public stock market has been one of the most incredible wealth creation tools in history." – Zach Miller
• "In the private market... it's very much buyer beware." – Zach Miller
• "Just because you have the money doesn't mean you really know what's going on." – Riccardo Stewart

In this episode of the AWM NFL Players’ Podcast, host Riccardo Stewart is joined by Sam Acho, Jeff Locke, and Zach Miller as they tackle essential investment concepts every NFL athlete should know. They break down the basics of stocks and bonds, the importance of investing in oneself, and the critical role of diversification in building financial security. Whether you're already investing or preparing to start, this episode provides valuable insights to elevate your financial strategy.

Key Highlights:

• Explanation of investment types: equity ownership and lending through bonds.
• Distinction between public markets for accessibility and private markets for high risk and high potential rewards.
• Importance of investing in self—human capital is the greatest asset for athletes.
• The necessity of diversification across global stocks and bonds for financial stability.
• Key questions before investing: ratio of bonds to stocks and commitment to long-term growth.
• Significance of compounding returns when investing early.

Quotes:

• "The most money you will ever make is going to be in your performance on that field." – Zach Miller
• "The power of compounding is massive when you start early." – Zach Miller
• "The future you will thank you for the investments you made right now." – Sam Acho

In this episode of the AWM NFL Podcast, host Riccardo Stewart is joined by former NFL players Sam Acho, Jeff Locke, and Zach Miller to explore the traits and skills essential for professional athletes aiming to build multi-generational wealth. Together, they discuss the importance of knowledge, communication, and discipline, highlighting insights from their experience both on the field and within the family office advisory space. Tune in for actionable strategies and thought-provoking conversations tailored for athletes aspiring to long-term financial success.

Key Highlights:

• Understanding the importance of knowledge and curiosity in financial growth.
• Communicating effectively—an underrated skill in managing partnerships.
• Embracing a CEO mentality for decision-making in personal and professional spheres.
• The role of discipline and consistency in achieving sustained success.
• Characteristics of top-performing NFL players and their financial habits.

Quotes:

• "Our clients want to be knowledgeable about anything and everything... that's the knowledge you have to have to do what you do." – Jeff Locke
• "The ones that communicate the best... those skills are transferable." – Sam Acho
• "Your athleticism will only take you so far... it's the intangibles that separate you." – Zach Miller
• "I would rather for you to be consistently good as opposed to being occasionally great." – Riccardo Stewart

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