EPISODE · Oct 22, 2023 · 57 MIN
Earning $5.5 million from the MLB at 18 and Learning How to Manage Money | Jacob Turner
from T.U.T — The Unwritten Teachings · host Raj Tut
Raj Tut is joined by Jacob Turner, who was one of the highest paid high school draft picks in the MLB when he was drafted 9th overall. At the age of 18, Jacob had to learn how to handle the $5.5 million signing bonus he received from the Detroit Tigers. He would go on to also play for the Miami Marlins, Chicago Cubs, Chicago White Sox, and Washington Nationals. After over 10 years in the MLB, Jacob went on to found Moment Private Wealth - a wealth management firm for entrepreneurs and athletes. He has very strict discipline and high expectations of himself which allowed him to thrive in both sports and business. The second chapter of his life is building up to be another exciting ride. On this episode, Raj and Jacob discuss: ⚫ Training to become a pro athlete ⚫ Getting drafted at 18 and earning a $5.5 million signing bonus ⚫ The skills and habits he used in sports and business⚫ Building a wealth management firm ⚫ How he stays motivated and hungry Topics: 00:00 Intro 02:52 Training as a kid to become a pro athlete 06:13 The work required to be elite 08:27 When he knew he could make the MLB 12:05 The journey to the major leagues 14:50 The importance of risk before responsibility 18:55 Working up from the minor leagues 20:49 Getting a $5.5 million signing bonus as a teenager 24:23 Skills and habits that have transferred to business from sports 29:55 How he is being deliberate about building his business 32:38 What he would change if he could go back 35:04 Why he chose personal finance and wealth management 38:01 How he stays hungry 40:52 Why he works with athletes and entrepreneurs 43:38 His mission with Moment 46:29 What he would advise to a hypothetical client 53:05 Why he moved back to St. Louis 54:58 Hole In One - Jacob's advice for you to improve your life and business Support our Sponsors: Storyboard Living - If you are looking to sell a multifamily property in the St. Louis region or Southern IL/MO please email [email protected] Follow Storyboard Living on LinkedIn - https://www.linkedin.com/company/storyboard-living/ Raj Tut on Social Media: Twitter: twitter.com/ItsRajTutLinkedIn: https://www.linkedin.com/in/rajtut/ Instagram: instagram.com/ItsRajTut TikTok: https://www.tiktok.com/@itsrajtut YouTube: https://www.youtube.com/ @ItsRajTut Learn More about Jacob Turner:https://www.momentprivatewealth.com/ Leave a review on Apple: https://podcasts.apple.com/us/podcast/country-club-conversations/id1709895268 Leave a review on Spotify: https://open.spotify.com/show/4ovakj2lJMS7GLqgBdt766 #business #businessideas #multifamilyindustry #realestate #motivation #multifamily #entrepreneur #entrepreneurship #rajtut
What this episode covers
Raj Tut is joined by Jacob Turner, who was one of the highest paid high school draft picks in the MLB when he was drafted 9th overall. At the age of 18, Jacob had to learn how to handle the $5.5 million signing bonus he received from the Detroit Tigers. He would go on to also play for the Miami Marlins, Chicago Cubs, Chicago White Sox, and Washington Nationals. After over 10 years in the MLB, Jacob went on to found Moment Private Wealth - a wealth management firm for entrepreneurs and athletes. He has very strict discipline and high expectations of himself which allowed him to thrive in both sports and business. The second chapter of his life is building up to be another exciting ride. On this episode, Raj and Jacob discuss: ⚫ Training to become a pro athlete ⚫ Getting drafted at 18 and earning a $5.5 million signing bonus ⚫ The skills and habits he used in sports and business⚫ Building a wealth management firm ⚫ How he stays motivated and hungry Topics: 00:00 Intro 02:52 Training as a kid to become a pro athlete 06:13 The work required to be elite 08:27 When he knew he could make the MLB 12:05 The journey to the major leagues 14:50 The importance of risk before responsibility 18:55 Working up from the minor leagues 20:49 Getting a $5.5 million signing bonus as a teenager 24:23 Skills and habits that have transferred to business from sports 29:55 How he is being deliberate about building his business 32:38 What he would change if he could go back 35:04 Why he chose personal finance and wealth management 38:01 How he stays hungry 40:52 Why he works with athletes and entrepreneurs 43:38 His mission with Moment 46:29 What he would advise to a hypothetical client 53:05 Why he moved back to St. Louis 54:58 Hole In One - Jacob's advice for you to improve your life and business Support our Sponsors: Storyboard Living - If you are looking to sell a multifamily property in the St. Louis region or Southern IL/MO please email [email protected] Follow Storyboard Living on LinkedIn - https://www.linkedin.com/company/storyboard-living/ Raj Tut on Social Media: Twitter: twitter.com/ItsRajTutLinkedIn: https://www.linkedin.com/in/rajtut/ Instagram: instagram.com/ItsRajTut TikTok: https://www.tiktok.com/@itsrajtut YouTube: https://www.youtube.com/ @ItsRajTut Learn More about Jacob Turner:https://www.momentprivatewealth.com/ Leave a review on Apple: https://podcasts.apple.com/us/podcast/country-club-conversations/id1709895268 Leave a review on Spotify: https://open.spotify.com/show/4ovakj2lJMS7GLqgBdt766 #business #businessideas #multifamilyindustry #realestate #motivation #multifamily #entrepreneur #entrepreneurship #rajtut
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Earning $5.5 million from the MLB at 18 and Learning How to Manage Money | Jacob Turner
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