Jacob Turner

I help athletes & entrepreneurs build and protect wealth @momentwealth | Top 10 MLB Pick & 11 Year Pro | Schedule a Call ⬇️ | Tweets ≠ Advice

[Jacob Turner @TheJacobTurner]

I am a financial planner for professional athletes.

I have worked with everyone from:

*Top 5 picks
*League All Stars
*Players earning more than $25,000,000 per year.

7 things I preach so their money lasts long after their player career ends:

[Jacob Turner @TheJacobTurner]

The typical entrepreneur's balance sheet I see:

$2M in cash (or more) ~ 6 bank accounts ~ 3 brokerage accounts ~ 2 entities ~ 10+ private deals…

Yet no plan tying any of it together.

Then the problem compounds.

The business starts doing better.

The money starts adding up.

...and before you know it, instead of creating peace of mind with your money (the #1 thing money can do IMO).

You have created complexity with no plan (the opposite of peace of mind).

So here is the question you have to ask yourself?

If a $1,000,000 showed up in your bank account tomorrow, do you have a plan for:

*Reducing your taxes
*Protecting that money
*Investing it for tomorrow

My friends, the mindset you have to build income is not the same mindset for building wealth.

One is all about speed and action (often breaking things).
One is all about calculated planning(making sure nothing breaks).

[Jacob Turner @TheJacobTurner]

Rarely do you see a current athlete face bankruptcy but as quick as the money comes in it can go out the door.

Athletes you have to take care of your business off the field just like do on it.

[Bleacher Report @BleacherReport]

Kansas City Chiefs receiver Rashee Rice has filed for bankruptcy, claiming $3.5 million in debts, most of it connected to civil litigation involving his high-speed crash in Texas and allegations of assault by a former girlfriend.

The filing made Wednesday in Texas lists $677,054 in personal assets, including $421,825 in what is listed as deferred compensation. Rice is in the final year of a four-year rookie contract with a total value of $6.5 million and a 2026 base salary of $1.6 million.

(Via AP)

[Jacob Turner @TheJacobTurner]

There are 56 days left in 2026.

Your business is having a record year ~ millions in profit.

Yet almost none of it shows up as money you actually own outside the company.

The playbook we are running with clients before December 31 👇

(Bookmark this to save it for later🔖)

[Jacob Turner @TheJacobTurner]

Our team @momentwealth works with 7 and 8 figure business owners to make sure:

The record year in your business towards into dollars on your personal balance sheet.

Link to scehdule a call below 👇

https://t.co/6VkfnSDT22

[Jacob Turner @TheJacobTurner]

There are 56 days left in 2026.

Your business is having a record year ~ millions in profit.

Yet almost none of it shows up as money you actually own outside the company.

The playbook we are running with clients before December 31 👇

(Bookmark this to save it for later🔖)

[Jacob Turner @TheJacobTurner]

6) Start Today

You and I both know what happens if you wait.

This year turns into a carbon copy of last year.

You know the year when you paid too much in taxes, had record revenues, and felt like your personal finances were still an afterthought.

[Jacob Turner @TheJacobTurner]

Every small decision you make today is doing one of two things:

Building a prison around your current situation.

or...

Building the ability to take the risk you always wanted to.

...So remember, don't be afraid of the risk; just remember the ability to take it starts far before you jump off the cliff.

[Jacob Turner @TheJacobTurner]

I made less than a Domino's pizza driver.

Yet that decision helped build a multi-million-dollar business...

The story and lesson you can learn from it:

[Jacob Turner @TheJacobTurner]

Everyone can do this (in their own way).

The risk you want to take is on the other side of delaying gratification.

You saved the bonus instead of spending it.

You kept the extra distribution inside the business.

You didn't upgrade your lifestyle as your career grew.

[Jacob Turner @TheJacobTurner]

MLB Lockout: What Players Must Do With Their Money Now 👇

https://t.co/ASbqTMy2sM

[Evan Drellich @EvanDrellich]

News: MLB made a new salary-cap proposal today. The league now wants it to start in 2028, rather than 2027.
The league is proposing a $180.2 million floor and $258.2 million cap for 2028.

[Jacob Turner @TheJacobTurner]

“Set up an LLC for NIL money, it saves on taxes.”

It doesn’t but let me show you how you can…

LLC stands for limited liability company.

There isn’t a tax code that applies to it.

Where the magic (can) happens is in your tax election.

For our highest earning NIL athletes here is the move:

*LLC
*Tax Election of an S Corp
*Run Payroll & Distribution Analysis
*Fund Solo 401(k) and Track Deductions

That is how we have saved athletes upwards of $100,000 on their off field money.

So remember, an LLC is for protection, not for the tax benefits.

Yet done right it can be step one to reducing your tax bill, it just does nothing alone.

At @momentwealth we specialize in helping NIL and Pro Athleted make the most of their money.

[Jacob Turner @TheJacobTurner]

“Set up an LLC for NIL money, it saves on taxes.”

It doesn’t but let me show you how you can…

LLC stands for limited liability company.

There isn’t a tax code that applies to it.

Where the magic (can) happens is in your tax election.

For our highest earning NIL athletes here is the move:

*LLC
*Tax Election of an S Corp
*Run Payroll & Distribution Analysis
*Fund Solo 401(k) and Track Deductions

That is how we have saved athletes upwards of $100,000 on their off field money.

So remember, an LLC is for protection, not for the tax benefits.

Yet done right it can be step one to reducing your tax bill, it just does nothing alone.

At @momentwealth we specialize in helping NIL and Pro Athleted make the most of their money.