#5: Jacob Turner - MLB Player, Founder JL Strategic Wealth | The business of athletes | $5.5M contract at 18 years old | Every company is a media company | Money tips & advice

Dec 29, 2022

29:23

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Jacob Turner was the 9th pick in the 2009 MLB draft and played professional baseball for over a decade. He is now building JL Strategic Wealth, a financial management firm for high-net-worth entrepreneurs and athletes. They work with several notable clients including MLB all-stars who made over 9 figures in earnings.

In this podcast, we talk about the business side of being an athlete, some cool stories from his playing days, why everyone should be posting content, and why the tax code is literally built for ownership to create wealth.

Chapters:

(00:00) Introduction

(02:00) Signing a $5.5M contract at 18 years old

(03:50) How’s he helping younger athletes today

(05:45) Traps to avoid when you fall into money + NIL

(09:05) His worst purchase as an athlete

(10:40) The rise of athletes as business moguls

(14:40) His biggest regret + advice on how we can ALL avoid it

(16:45) Every business is a media business (content arbitrage)

(21:00) Athletes as investors + why everyone should own equity

(24:25) Where sports are headed in the future
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Jacob Turner links:

Twitter: https://twitter.com/TheSuddenWealth