Super Bowl Week & Protecting Your Net Worth | Zach Miller | NFL Players' Series #10

Super Bowl

Winning a Super Bowl is one of the greatest moments of my life. Personal success and achievements are good to have but they do not stack up to what you can be accomplished playing as a team that sacrifices for each other to accomplish something that could never be done alone. The long journey and ability to overcome adversity is what makes a Super Bowl Championship Ring the embodiment of greatness.

This Super Bowl will be about more than Tom Brady versus Patrick Mahomes as sports media would have you believe. It is also like no other game unless you’re Tom Brady who is playing in his 10th Super Bowl. Use all the same preparation and fundamentals that got you to the Super Bowl to give you the edge you need to win. Focus on what you can control and don’t make s*** up. Make the plays you are capable of making.

Gamestop

The meme stocks have been getting outsized media exposure this week. Whether is Robinhood, GameStop, AMC, Bitcoin, or Dogecoin when people believe easy profits are to be made, they begin piling in. Brandon, Erik, and Justin have an excellent AWM Insights podcast they released on Tuesday that discusses short selling, hedge funds, meme stocks, and good versus evil. Everyone should recognize that professional traders, whether that’s high frequency traders, momentum traders, or quants have tools and resources the Robinhood amateur does not have access to. The equivalence is if a guy off the street tried to play in the NFL, they would get hurt. This is the same thing. The people buying these meme stocks like GameStop will be the ones that get hurt. I cannot emphasize enough how it pays to be humble and recognize being a long-term investor gives you the freedom to ignore short-term noise such as this and allocate to the highest expected returning investments.

Protect Your Net Worth

Personal Liability Umbrella Insurance is necessary for any athlete. You have worked so hard to be the best player, you owe it to yourself and your family to protect that. Many advisors do not have experience with liability insurance written for athletes so you may not be protected even if you have some in place. With the ability for anyone to Google you and your net worth, it is smart to have a Certified Financial Planner review your insurance just in case there are any gaps. Own your wealth and hold your advisors accountable to the same standard you hold yourself as a player.