The Multi-generational Wealth Game | Zach Miller, Sam Acho, Jeff Locke, Riccardo Stewart | NFL Players’ Podcast #31
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In this episode, we explore the journey of building and sustaining multi-generational wealth with Riccardo Stewart, Sam Acho, Jeff Locke, and Zach Miller. They discuss the common pitfalls, practical strategies, and financial wisdom necessary for athletes to leave a lasting legacy. From understanding the "shirt sleeve to shirt sleeve" narrative to determining the necessary net worth for NFL players, this episode offers invaluable insights into preserving wealth across generations.
Key Highlights
Explanation of the "shirt sleeve to shirt sleeve" concept and its relevance to wealth management.
The true meaning of multi-generational wealth and its importance for athletes.
Determining the amount of net worth NFL players need to sustain multi-generational wealth.
Detailed discussion on controlling spending to ensure wealth preservation.
Identifying and overcoming roadblocks in achieving multi-generational wealth.
Quotes
"It's easy to make money or to build wealth. It's hard to sustain it." – Sam Acho
"You still have to have a plan built out that you can follow and keep things in check." – Jeff Locke
"For me, when I was done playing, I had no idea what I was spending. I never tracked spending." – Zach Miller