Offseason Game Planning | Zach Miller | NFL Players' Podcast

It sucks to have to watch guys still playing for the elusive Super Bowl Championship but that's out of your control now. As the NFL offseason is underway for many NFL teams here are some smart game planning you can do off the field. In this episode, I cover some topics that can help you become a true professional not just in the NFL but in owning your wealth.

Your biggest driver of your wealth is your human capital. This is your future earnings and they are highly uncertain. Spending the necessary money to increase your future value should be non-negotiable for you. This involves training, treatment, mental performance, and any improvement that can increase your performance.

Now is the time to own your wealth in your financial life. There is time to dedicate to improving your situation and evaluating the financial team you have in place. As an NFLPA Representative, there are many great benefits that you may not be taking advantage of. At least set up and login to your account even just to know it's there (NFLplayerbenefits.com).

Your money is just a tool and I simplify it into four categories: lifestyle, giving, saving, and taxes. No need to overcomplicate it, but crucial for all NFL athletes to understand. We discuss the opportunity of actually doing tax planning the right way and how to protect wealth with proper insurance and estate planning. 

Lastly, tax planning should be given more attention by the people advising NFL players. A CPA that files taxes and is only evaluated in April is not providing the value that you need. I explain what I failed to realize as an NFL player and what actually matters when growing net worth. Tax planning is incredibly valuable and can add huge savings that will be missed if you are not getting it from the best that understands your situation. 

Episode Highlights

How to approach the offseason (00:06)A game plan for taking care of your body (1:01)Sharpening your mental game (3:09)Owning your wealth (4:02)Tax filing vs tax planning – don’t settle for less (5:40)Finding a financial team that can handle your entire wealth management and more (6:30)How to not get taken advantage of (8:06)Should you consider a disability policy? (8:55)The importance of estate planning (9:36)Is your team doing what’s best for you? (10:22)What is human capital? (10:59)