Episode

39

Jacob Turner explains the MLB lifestyle disparity and manages sudden wealth of clients

LISTEN ON:

YouTube iconSpotify iconApple Podcast iconInstagram icon

Jacob Turner

Jacob Turner was one of the highest paid draft picks in MLB history, making appearances with the Detroit Tigers, Miami Marlins, Chicago Cubs, Chicago White Sox, Washington Nationals, and more.

Episode Description

Jacob Turner was one of the highest paid draft picks in MLB history, making appearances with the Detroit Tigers, Miami Marlins, Chicago Cubs, Chicago White Sox, Washington Nationals, and more. His experience of accumulating sudden wealth was complex. He was successful by all measures, but his career ended shorter than he would of liked. This was key to Jacob developing his foundation as a financial advisor, as he is now the Founding Partner at JLS Wealth, helping 7-8 figure clients manage the complexities of their financial needs. We chat about the financial pillars Jacob takes his clients through, the complexities of working with ultra high net-worth individuals, and the differences of lifestyle spending in an MLB clubhouse.


Episode Breakdown

0:00- Intro

1:30- Going to Monaco is OK

3:10- Jacob's experience is why you should trust him

7:20- The 5 pillars: Cash Flow, Tax Planning, Risk Management, Estate Planning, Investment Portfolio

8:50- The best state to live in to keep the most of your earnings...

11:25- Working with non-athlete entrepreneurs

14:30- 'Knowing' is different from 'executing'

15:20- The client needs to be engaged

16:55- New trend: Family offices building out lifestyle services arm

20:10- The story of Jacob and his MLB peer

22:15- Lifestyle FOMO in the clubhouse

23:07- Outro

Join the community

Become a part of the Athletes & Assets™ community and never miss an episode.

More Episodes

View all episodes

Nat Young chats about how surfers are making less money than ever

If the popularity in surfing is surging, why is the prize money in competitions less than it was years ago?

Learn more

12/11/2023

Prince Amukamara (Super Bowl Champion) owns AirBnb properties, his own Fedex route, as well as an assisted living home

Prince Amukamara is a 9-year NFL Defensive back who won the 2012 Super Bowl with the New York Giants, in one of the best games in sports history.

Learn more

3/15/2023

He built the #1 supplement brand

Learn more

11/13/2024