The Essential Steps to Multi-Generational Wealth for NFL Players | NFL Players' Podcast #45

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