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

Key Highlights:

• Learn why assigning a job to every dollar is key to financial stability.
• Explore the balance between saving what you have and investing it wisely.
• Discover the different roles your money can play—like short-term reserves and long-term growth.
• Understand why hard financial decisions are crucial to hitting your goals.
• Hear why assembling a reliable financial team makes all the difference.

Quotes:

• "The job of each dollar tells you how to invest, not the other way around." – Jeff Locke
• "Treat your family like a business; give every dollar a job." – Sam Acho
• "Having the right team helps you put your dollars to work the right way." – Zach Miller

Key Highlights:

—Discussion on aligning client priorities with their wealth to effectively manage and spend money.

—Jeff Locke advises against traditional budgeting, focusing instead on trade-offs and priorities.

—Zach Miller emphasizes understanding individual needs, wants, and wishes.

—Sam Acho highlights the joy and satisfaction derived from giving and how it counteracts greed.

Quotes:

—"Priority means you have to place certain things over others." – Jeff Locke

—"Giving unlocks the grips of greed." – Sam Acho

—"Money is just a magnifier. It doesn't change you; it just exposes who you already are." – Sam Acho

Key Highlights

• Understanding Income Streams: Jeff Locke breaks down the three main income types for NFL players—W2, 1099 endorsement income, and investment income—and their tax implications.
• Rookie Tax Mistakes: Sam Acho discusses common missteps in charitable giving and introduces the concept of a donor-advised fund to enhance giving strategies.
• Avoiding Tax Penalties: Zach Miller shares his personal experience of overpaying taxes and emphasizes the importance of integrated tax and investment strategies.
• Strategic Tax Planning: Insights into deferring investment income to reduce tax burdens during a player's career.

Quotes

• "The rookie mistake that I see from NFL players is they're giving, but not giving well." – Sam Acho
• "You don't want any more income coming in. You want to defer as much as you can to when you're done playing." – Zach Miller

For more details and inquiries, reach out to AWM Capital at 602-989-5022 or visit awmcap.com.