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Kris Benson & Alec Ogletree, Kris Benson, and Alec Ogletree द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Kris Benson & Alec Ogletree, Kris Benson, and Alec Ogletree या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal
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E03: Mastering Wealth Creation: An Interview with Georgia Legend Kevin Minter

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Manage episode 386324018 series 3504689
Kris Benson & Alec Ogletree, Kris Benson, and Alec Ogletree द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Kris Benson & Alec Ogletree, Kris Benson, and Alec Ogletree या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal

In this episode, Kris Benson and Alec Ogletree sit down with Kevin Minter, a nine-year NFL veteran who won a Super Bowl with the Tampa Bay Buccaneers. Kevin understands both the sacrifices of a professional athletic career and the importance of planning for life after sports.

Kevin provides valuable lessons for professional athletes on building financial security. Through real estate flipping ventures gone wrong and conservative stock investments that left money on the table, Minter learned that aggressively yet intelligently pursuing alternative asset classes like private equity deals and syndicated real estate funds providing recurring cash flow are optimal for wealth generation over the long run compared to traditional savings and markets alone. His experience highlights the importance of proactively educating yourself on diverse investment vehicles and having advisors who can help unlock opportunities beyond conventional means.

Here are some power takeaways from today’s conversation:

  • College football, draft, and financial planning
  • The importance of hiring a financial advisor for NFL players
  • What he bought with his first check
  • Kevin’s investment portfolio

Episode Highlights:

[15:30] The Importance of Hiring a Financial Advisor for NFL Players

Quality financial guidance is important for helping players make informed investment decisions. Kevin wished he understood his finances earlier rather than just saving, and an advisor could have helped with this. His brother also provided crucial guidance that many players lack. He initially invested only in stocks and bonds through his advisor, rather than wealth-generating deals an advisor may have guided him towards earlier. An advisor can also help set up players for financial success after their career. Kevin wanted to retire on his terms given football's physical toll, but needed investments generating cash flow. NFL contracts have complex tax implications that are difficult to navigate without expert financial and tax advice. Financial advisors are invaluable partners for NFL players due to the outsized money management responsibilities during a brief career window.

[32:34] Investing in The Joint Chiropractic

One of Kevin Minter's early real estate investments involved becoming a regional developer for The Joint, a national chiropractic franchise, which allowed him to open multiple clinic locations across a region and generate passive income without direct operations involvement. As a low-overhead business with recurring subscription revenue and aided by Minter's celebrity endorsement, this chiropractic investment proved a more hands-off and lucrative opportunity than his previous property flipping ventures.

[40:36] Kevin’s Investment Portfolio

In the early stages of his real estate investing career, Kevin owned single-family rental homes in the Atlanta area which he would purchase and re-sell, however he found that being directly involved in contracting and property management was difficult and not very passive. This experience led him to realize that multifamily properties and syndicated real estate funds which involved larger portfolios of units across multiple properties provided a more hands-off investment model with greater income potential. His investment portfolio now includes syndicated real estate funds that own multifamily properties which provide steady cash flow from rental income, as well as dividend paying stocks and bonds for stability. This approach demonstrates his philosophy of making money work for him through diversified low-maintenance holdings that do not require direct management and can support his desired lifestyle even after retiring from football.

Resources Mentioned:

The Joint Chiropractic

Rich Dad Poor Dad

  continue reading

21 एपिसोडस

Artwork
iconसाझा करें
 
Manage episode 386324018 series 3504689
Kris Benson & Alec Ogletree, Kris Benson, and Alec Ogletree द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Kris Benson & Alec Ogletree, Kris Benson, and Alec Ogletree या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal

In this episode, Kris Benson and Alec Ogletree sit down with Kevin Minter, a nine-year NFL veteran who won a Super Bowl with the Tampa Bay Buccaneers. Kevin understands both the sacrifices of a professional athletic career and the importance of planning for life after sports.

Kevin provides valuable lessons for professional athletes on building financial security. Through real estate flipping ventures gone wrong and conservative stock investments that left money on the table, Minter learned that aggressively yet intelligently pursuing alternative asset classes like private equity deals and syndicated real estate funds providing recurring cash flow are optimal for wealth generation over the long run compared to traditional savings and markets alone. His experience highlights the importance of proactively educating yourself on diverse investment vehicles and having advisors who can help unlock opportunities beyond conventional means.

Here are some power takeaways from today’s conversation:

  • College football, draft, and financial planning
  • The importance of hiring a financial advisor for NFL players
  • What he bought with his first check
  • Kevin’s investment portfolio

Episode Highlights:

[15:30] The Importance of Hiring a Financial Advisor for NFL Players

Quality financial guidance is important for helping players make informed investment decisions. Kevin wished he understood his finances earlier rather than just saving, and an advisor could have helped with this. His brother also provided crucial guidance that many players lack. He initially invested only in stocks and bonds through his advisor, rather than wealth-generating deals an advisor may have guided him towards earlier. An advisor can also help set up players for financial success after their career. Kevin wanted to retire on his terms given football's physical toll, but needed investments generating cash flow. NFL contracts have complex tax implications that are difficult to navigate without expert financial and tax advice. Financial advisors are invaluable partners for NFL players due to the outsized money management responsibilities during a brief career window.

[32:34] Investing in The Joint Chiropractic

One of Kevin Minter's early real estate investments involved becoming a regional developer for The Joint, a national chiropractic franchise, which allowed him to open multiple clinic locations across a region and generate passive income without direct operations involvement. As a low-overhead business with recurring subscription revenue and aided by Minter's celebrity endorsement, this chiropractic investment proved a more hands-off and lucrative opportunity than his previous property flipping ventures.

[40:36] Kevin’s Investment Portfolio

In the early stages of his real estate investing career, Kevin owned single-family rental homes in the Atlanta area which he would purchase and re-sell, however he found that being directly involved in contracting and property management was difficult and not very passive. This experience led him to realize that multifamily properties and syndicated real estate funds which involved larger portfolios of units across multiple properties provided a more hands-off investment model with greater income potential. His investment portfolio now includes syndicated real estate funds that own multifamily properties which provide steady cash flow from rental income, as well as dividend paying stocks and bonds for stability. This approach demonstrates his philosophy of making money work for him through diversified low-maintenance holdings that do not require direct management and can support his desired lifestyle even after retiring from football.

Resources Mentioned:

The Joint Chiropractic

Rich Dad Poor Dad

  continue reading

21 एपिसोडस

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