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, Jacob Turner talks about the business of athletes, 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) JL Strategic Wealth and its creation
(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