Finance for Professional Athletes with Michael Eakman

Published: June 25, 2021, 5 a.m.

b"Welcome back to the Passive Wealth Strategies show. Today we meet our guest Michael Eakman II to talk about finance for professional athletes and high paid professionals, finding the right people, and investing regardless of time.\\xa0\\xa0\\nMichael is the Founder and Wealth Manager at Adaptive Wealth Partners in Las Vegas. He's been working in Finance since 2011 and serving clients across the country with a unique focus on investors who are sports and entertainment professionals, as well as business owners and entrepreneurs. Finances are often the #1 stress people have in life and Michael has experienced what it is like to struggle with direction and money in life personally. Having experienced a financial rock bottom of his own, Michael now has a passion for finding solutions to simplify the complexity of money and financial issues in all areas of life for his clients.\\n\\xa0\\n[00:01 - 03:54] Opening Segment\\nMichael gives us an introduction about himselfAs a wealth manager and President of the Adaptive Wealth Partner\\nWhat Adaptive Wealth Partner is all about\\n\\n\\xa0\\n[03:55 - 07:43] Where Athletes Go Wrong\\nMichael talks about how athletes face similar challenges with ordinary people\\nBuilding foundational knowledge for athletesInvestments, savings, business opportunities\\nSpending on daily lifestyle\\n\\n\\xa0\\n[07:44 - 21:10] Finance for Professional Athletes\\nDo your homeworkUnderstand what you are investing in\\n\\nMichael talks about asking the right questions to find the right advisors\\nInvestment Psychology\\nLooking at investments as a a clock\\nExtra Spare Tire Fund\\xa0\\nMichael talks about investing and financial advising when the market is down\\n\\xa0\\n[21:11 - 29:48] Closing Segment\\nQuick break for our sponsors\\nWhat is the best investment you've ever made other than your education?\\xa0Mental strategies; staying positive\\n\\nMichael\\u2019s worst investmentBuying cars in high school\\xa0\\n\\nWhat is the most important lesson that you've learned in business and investing?\\u201cGoing outside of my comfort zone and be okay with not knowing everything, but knowing where to find the answers for everything.\\u201d\\n\\nConnect with my guest. See the links below.\\n\\xa0\\nTweetable Quotes:\\n\\u201cInvesting is a mental game as much as it is a financial game.\\u201d -Michael Eakman\\n\\u201cIt\\u2019s not a bad thing to trust others but you have to know what questions to ask.\\u201d -Michael Eakman\\n------------\\nConnect with Michael through LinkedIn.\\nIG: @theathleteadvisor\\nVisit his website: https://www.adaptivewealthpartners.com/\\n\\xa0\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes"