I help athletes & entrepreneurs build and protect wealth @momentwealth | Top 10 MLB Pick & 11 Year Pro | Tweets ≠ Advice

Joined January 2022
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I am a financial planner for professional athletes. I have worked with everyone from: *Top 5 picks *League All Stars *Players earning more than $25,000,000 per year. 7 things I preach so their money lasts long after their player career ends:
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Private Market Investments for Athletes
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The determination it takes to make this happen is something to be admired. Congrats to the entire @SpaceX team on the IPO!
> you’ll never start a rocket company > you’ll never build your own engines > you’ll never be able to use off-the-shelf parts > you’ll never survive three launch failures > you’ll never reach orbit > you’ll never win NASA’s trust > you’ll never launch cargo to the ISS > you’ll never compete with Boeing > you’ll never compete with Lockheed > you’ll never make rockets reusable > you’ll never land a rocket vertically > you’ll never land one on a drone ship > you’ll never reuse a booster > you’ll never fly the same booster 10 times > you’ll never fly the same booster 20 times > you’ll never fly the same booster 30 times > you’ll never recover and reuse the fairing > you’ll never lower launch costs > you’ll never launch every month > you’ll never launch every week > you’ll never launch multiple times a week > you’ll never carry astronauts > you’ll never replace Roscosmos > you’ll never fly civilians to orbit > you’ll never manufacture satellites at scale > you’ll never build the biggest constellation ever > you’ll never make satellite internet work > you’ll never make satellite internet fast > you’ll never make satellite internet affordable > you’ll never serve rural customers > you’ll never serve aircraft and ships > you’ll never build a methane rocket engine > you’ll never make full-flow staged combustion work > you’ll never build the most powerful rocket ever > you’ll never build a rocket bigger than Saturn V > you’ll never build it out of stainless steel > you’ll never launch Starship > you’ll never separate Super Heavy and Starship > you’ll never relight Raptor in space > you’ll never bring Super Heavy back > you’ll never catch a booster with Mechazilla tower arms > you’ll never launch 85% of mass to orbit worldwide > you’ll never change the economics of space > you’ll never force the entire industry to copy you > you’ll never win > you’ll never IPO   Congratulations to @elonmusk and the SpaceX team. You did what countless people said was impossible, and you did it time and time again.   Today is your day. You deserve this. May it be a glorious one.
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LLCs Don't Save You Taxes
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Why $200 Million Isn't Enough
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Owners and Players Both Have Reasons to Make a Deal
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The same week my daughter was born, my dad was diagnosed with terminal cancer. It was the ultimate gut punch. The man who shaped every ounce of me had a few months to live. It sucked. Yet going through that stage of life taught me something that has never left. My dad, an entrepreneur, was always there for me, my brothers, and my mom. He built a great business, but at some point, he made the decision to stop chasing more. He made the decision to be there: To coach my team. To be there on the weekends. To make sure every moment was celebrated. I remember one day sitting on the couch with him, sharing stories. I remember telling him the thing I appreciated most was that he was always there. Yes, he built an incredible life for our family, but literally not one earthly possession mattered in that moment. What mattered was that we weren't talking about the regret of missing time together; instead, we were celebrating the times we had. My friends, this world will tell you that fulfillment is always in the next thing. It isn't. It is in the people we impact. We are all living with a clock that one day will expire. Make sure you are using your time wisely.
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What College Athletes Need to Know
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Expert Financial Guidance for Athletes
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"If you don't like it, play better" (a line said a lot in pro baseball). Yet here is how that same mantra has built @momentwealth: *The 10-hour bus ride *The old cherrios before the game *The lack of resources or fanfare You name it, minor league baseball is full of hard things. It is a grind, and with every comment that even seems like a complaint...you would be met with the same line: "If you don't like it, play better." It isn't just a line, it is words that make you take the challenges (that will always exist) and learn to overcome them. Well, business is much the same way. When we started, we had very few resources. When we started, we had three clients (one was my mom). When we started, we had an idea of a niche, but no one in it. Today, we have an abundance of all of these things. Yet the only reason why is because we took the challenges that were there and met them head-on. We learned to win without all the resources. We learned to build a service model to our ideal customer. We learned that the only thing we can do is constantly improve. Today, that means our clients are getting an engine that is always pushing its limits. A team that has one goal: to make the client experience undeniable good. Said another way, we are simply trying to play better each day.
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Why Professional Sports Team Valuations Keep Skyrocketing
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Why Players Must Understand Their Contracts
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The One Question Every Athlete Should Ask Successful People
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July 30, 2011...20 years old, making my MLB debut in a nationally televised game. Yet that doesn't tell half of the story. 48 hours before, I was in Akron, Ohio (AA for the Tigers), getting a phone call that I thought was confirmation that I was getting traded. You see, in 2011, the Tigers were fighting for first place, actively looking to add big league stars to boost the roster. I was the #1 prospect (and thus in the middle of every trade rumor). So while that call changed my life, it wasn't for the reason I thought. It was the call I had dreamed about since I was 6 years old. I was going to be a big leaguer. Yet before I ever stepped on the mound, I had to navigate a hotel that wouldn't let me check in (I was too young). Not knowing where to go at the stadium...as in how do I even get into this clubhouse. So while fans see MLB debuts every day, the behind the scenes is rarely seen. In my latest YouTube video, I share the entire behind the scenes story. Link to the full video in the comments.
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From NBA Player to Billionaire Franchise Owner
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I know nothing about dance, yet my girls love it. A few things I have learned being a girl dad... 1) Your presence is everything. I know nothing, can offer no insight, or help them get better with things like dance. ....and they know it. Yet just being there is everything (make sure you bring the flowers). 2) Confidence can be shown My girls are all confident, but it takes reminding. They are probably sick of hearing me say we don't use terms like: "I can't" or "I hope" in our house. Put your best foot forward and don't be afraid to fail. 3) Your team is everything Yes, my girls will fight with each other (usually over a stuffed animal...big stuff you know). Yet one thing they know (because I always say it), "you girls are on the same team." That means you stick up for each other, you look out for each other, and no matter what, you have each other's back. Needless to say, I love being a girl dad. For my girl dads out there, what is one lesson you have learned raising yours?
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How Players Can Earn 35% of the Salary Cap
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Sometimes our clients don’t need another financial strategy. They just need our support. Last night, our team went to watch one of our clients do his thing on the field. Sure, we talk a lot about money moves during the year but at the end of the day, we are doing life with our athletes. Pro sports is an incredible job, it is also a grind. It takes a team (on and off the field) for an athlete to thrive. Our role is to help our athletes make the most of their careers and sometimes that looks different than executing on a tax or investment strategy. It is just being there.
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Average salaries of the four major sports leagues: NBA = $11,900,000 MLB = $4,900,000 NHL = $3,500,000 NFL = $2,700,000 The three factors (outside of talent) that determine these salaries: 1) Revenues The more money the league makes, the more money each player makes, right? Not so fast. The NFL is king at more than $20B. Yet their players earn the least of the four. The NBA while north of $12B only puts them in third amoung the leagues, yet their players make the highest average salary. Why? 2) Roster Size Being an NBA player is far harder than being an NFL player. Don't believe me, just look at the number. An NBA roster has 15 players. An NFL roster has 53 players. More mouths to feed means less for everyone at the table. 3) Collective bargaining agreement (CBA) This is the agreement between the players and the league. The king = MLB players union. Why? They have locked out. They have a united front. They have strong financial footing. The result? No salary cap. Fully guaranteed contracts. - Professional sports are a business first. Players have 1-10 years in most cases to earn for a lifetime. Outside of talent, these factors set earning power: *Revenues *Number of players per roster *Collective bargaining agreement (CBA) ***If you enjoyed this, share it with someone and follow along for more at the intersection of sports and money
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Future College Quarterbacks 👇
A quarterback came to me last spring. I’ll call him Matt. Matt had just signed his first NIL deal. $900,000. He was 18 years old. Enrolled early. Hadn’t played a single college snap yet. His phone was blowing up. His family was excited. His teammates were asking questions. Nobody was talking about taxes. When we finally sat down, I asked him one question. “Matt, what did you set aside for the IRS?” He got quiet. “I didn’t think I had to do anything until April.” April came. His tax bill was deep into six figures. He had set aside nothing. The IRS classifies NIL income as self-employment income. You are not an employee. You are a business. And the IRS expects quarterly payments throughout the year. Not one lump sum in April. Here is what we built together: → A cash, tax and savings plan with accurate projections so we knew exactly what he would owe from day one → An LLC with S-Corp status so he could be paid as an employee of his own company → A real business with tracked expenses that reduced his taxable income → A quarterly tax payment schedule based on our projections, eliminating penalties and interest $900,000 is life-changing money. Only if you keep it. I work exclusively with athletes navigating exactly this. If that is you, or someone you know, my DMs are open. ♻️ Repost this. There is a NIL athlete somewhere who needs to read it today. Trust me.
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