How to Not Go Broke | Zach Miller, Sam Acho, Jeff Locke, Riccardo Stewart | NFL Players’ Podcast #30
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In this episode of the AWM NFL Players’ Podcast, hosts Riccardo Stewart, Jeff Locke, Sam Acho, and Zach Miller dive into the perennial issue of financial management among professional athletes. They debunk the myths perpetuated by ESPN’s “30 for 30: Broke” and explore the realities of sudden wealth and its potential pitfalls. Tune in to hear firsthand experiences and expert advice on sustaining multi-generational wealth.
Key Highlights
The perception vs. reality of athletes going broke.
Jeff Locke discusses the inaccuracies in data used in ESPN’s “Broke.”
Sam Acho shares his initial shock at learning about athlete financial distress.
Zach Miller sheds light on the dramatic income drop post-NFL and its consequences.
Discussion on “sudden wealth” and its psychological and social impacts.
Practical advice for athletes to manage and sustain wealth responsibly.
Quotes
"We don’t save people. We serve people." – Riccardo Stewart
"The year you are done, you drop into the lowest tax bracket unless you’ve been saving right." – Zach Miller
"Sudden wealth can set you up for generations if planned for, but can also bring guilt and isolation." – Jeff Locke