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Mar 11, 2024

Welcome to episode 139 of Sports Management Podcast.

Jacob Turner is the co-founder of Moment Private Wealth and a former MLB pitcher. He was drafted in the 1st round, 9th overall, by the Detroit Tigers in the 2009 MLB draft. Now he is a financial advisor helping athletes make sound financial decisions.

We spoke about:

  • Signing a 7 million dollar MLB contract
  • What he bought for his signing bonus
  • How to choose a financial advisor
  • The downsides of being an athlete
  • Financial mistakes athletes make
  • Reward vs lifestyle purchases
  • Why he quit baseball

And much more!

WATCH ON YOUTUBE: https://youtu.be/dUG_OUGQDc8 

Timestamps:

00:00 Intro
01:37 MLB Draft 2009
02:29 Starting Baseball 
03:40 Life Changing Money
05:34 Be the CEO of Your Own Life
06:50 Elite Athletes Going Broke 
09:54 Finance Learnings From His Parents
11:18 Moment Private Wealth 
15:13 Three Buckets of Investments & Taxes
19:25 Mistakes Athletes Make
22:00 Importance of Confidence
25:42 Best Finance Books
27:20 Downside of Being a Pro Athlete
28:15 Defining Success
29:38 Losing His Father
30:58 Bumps On The Road
32:47 Quitting Baseball 
34:35 Injuries From Baseball 
35:15 Be All In 
36:17 Outro

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Jacob's Channels:

https://www.instagram.com/thejacob_turner/ 
https://twitter.com/TheJacobTurner 
https://www.linkedin.com/in/thejacobturner/ 
https://www.youtube.com/@TheJacobTurner 
https://www.momentprivatewealth.com/ 

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