Have you seen the social media post about buying a G Wagon and writing it off for taxes. Well this is one of the most famous tax deductions business owners can take advantage of. We are going to dive into this strategy and more in this blog. Tax deductions are one of the most powerful tools business owners have to legally reduce taxable income. Whether you’re just starting out or running a 7-figure operation, knowing what you can write off and how to do it right can save you

“Wait, you mean to tell me I owe more in taxes?” This was me circa 2009 when it came time to file my tax return. You see, I had just signed my first MLB contract, paid what I thought was a king’s ransom in taxes, and here I was still owing more. Fast forward a few decades, and I have the opportunity to lead Moment Private Wealth. A financial planning firm that specializes in athlete wealth management. They say history repeats itself, and that certainly feels true as we advise

Draft day is electric. Years of work finally pay off - and for the first time, life-changing money is on the table. But here’s the reality no one tells you: That headline signing bonus? It’s not what actually lands in your account. And the decisions you make in the first 90 days determine whether that moment becomes a launchpad for long-term wealth… or a story of missed opportunity. At Moment Private Wealth, this is where we come in. We help athletes take control of the money

This is a blog by Moment Private Wealth breaking down the NIL Playbook to reaching your full financial potential. How to keep, grow and protect you personal brand.

Why Business Succession Planning Matters More Than You Think Being a business owner is not for the faint of heart. You’ve taken risks, survived the valleys, and built something that not only provides for your family today — but could support generations if you plan wisely. Yet Business Succession Planning is often the last thing owners tackle. You’re busy solving today’s problems — who has time to think 10 years ahead? But here’s the thing: Without a plan, you’re gambling wit

You started your business with a vision. You took the risk. You put in the work. You’re seeing the rewards. But here’s the problem—making money is just step one, managing it is step two. You see, it’s not just about how much you make—it’s about how much you keep and how well you use it. That’s where budgeting comes in. It is the foundation of financial planning for business owners. In this guide, I’m going to break down the key steps to building a budget that will give you cl

Your largest lifetime expense will be your tax bill. Take a moment and let that sink in. The biggest bill you will ever pay will be the one you pay to the IRS. That is the bad news. The good news is you can and should be planning around it. You see tax planning for professional athletes is critical given you have one shot to do this right. In this guide, I am going to give you 7 tax planning strategies for professional athletes. Let's dive in... Professional Athletes - Tax St

Running a business is demanding, and managing taxes can feel overwhelming. But with smart tax strategies, you can lower your tax bill, keep more money in your business, and grow wealth efficiently. Below are key tax strategies every business owner should use to maximize savings and avoid costly mistakes. Are you looking for a comprehensive blog on wealth management? Check out this Blog. Why Tax Planning Matters for Business Owners For business owners, taxes are often the bi

Selling your business is one of the most significant financial decisions you'll make. Whether you’re planning for retirement, starting a new venture, or simply moving on, the process requires thoughtful strategy, clear organization, and expert advice. In this guide, we’ll walk you through the key steps to successfully sell your business and maximize your outcome. If you are looking for a comprehensive wealth management blog for business owners - Check it out here. Why Selling

Entrepreneurs build businesses. But many forget to build their own retirement plan. Without a 401(k) from an employer, you need a strategy. If you wait too long, you might end up working forever. This guide breaks down easy steps to retire rich. If you aren't looking to retire but still want to maximize your finances as an entrepreneur check out our complete guide to wealth management for entrepreneurs here. Why Entrepreneurs Must Plan for Retirement Unlike employees, entrepr

As a business owner, understanding and implementing effective tax strategies can be a game-changer for your financial success. Tax planning is not just about compliance; it’s about strategically positioning your business to minimize liabilities and maximize savings. In this comprehensive guide, we’ll explore key tax strategies, real-world examples, and actionable insights to help you navigate the complexities of the tax landscape. Looking for a full tax planning guide click h

When that wire hits your bank account everything will change. Many believe this to be true when they sell their business. From my experience selling your business is often one of the most anti-climatic events for business owners. I would go as far as to say that for many owners it spins them into a place that feels like a rudderless ship in the ocean. Searching for the next big thing. Well, I am here to tell you that you can avoid all of that by answering 3 easy questions.

When it comes to money and athletes, the questions are endless. Yet there is one question that rises above them all. I would argue that the answer to this question is the culmination of every athlete wealth management question: “Am I good?” or said another way “Can I keep spending what I am spending?” You see professional athletes face a dilemma ~ they have the biggest advantage of all time (time on their side) and the biggest disadvantage of all time (lack of experience). Co

Cash flow is the lifeblood of any business. It's what keeps the lights on, the employees paid, and the operations running smoothly. Yet, for many business owners, managing cash flow can feel like juggling fire one misstep and the whole thing can come crashing down. Whether you're running a small startup or a growing company, understanding how to manage cash flow effectively is critical to your success. Cash flow is one of the key factors in creating a higher valuation for sel

"How can someone blow all of that money?" Be honest, you have said it or thought it after seeing a professional athlete on the front page for poor financial decisions. Well here is how: You can do anything. You can buy anything. You can create the life you want. Yet that life will either be sustainable or could go up in flames when the checks stop. For professional athletes, the first three years will dictate much of the financial success achieved (or not) down the road. You

Let me set the stage for you: I had no experience. I had no bank accounts I owned. I had barely enough money to buy Chipotle. And... Overnight I become a millionaire. This was my experience as an 18-year-old after signing my first professional contract. I remember celebrating with my family at a local ice cream shop and going to bed thinking, "Is this real?" Then I woke up the next morning and life (just like the day before) went on. So while on one end much of life felt the

The Augusta Rule can unlock tax savings by renting out your primary residence

I have been investing money for 15+ years and the first 11 of those years I was a professional athlete. The best way for me to describe my investing over those years ~ A Journey. You see when I first started out investing I knew nothing. Heck, I can remember the first time my portfolio went down (if happened in week one of investing) and the fear I felt. If you fast forward a few years, I was spending time trying to figure out how to optimize each inch of my investment portfo

One of the most critical pieces to success in professional sports is planning. Yet, the interesting part about that planning is you know that the game certainly won't go according to plan. In fact, a good game plan maps out specific situations based on certain outcomes of the game. Said another way, you want to plan for the inevitable unknown of the outcome. Your team could be leading down the stretch or could need a miracle comeback, your game plan better have the right leve

I recently sold my business and am moving to the lake for retirement. What are you most excited about in retirement? Half of my income isn't going to go to Uncle Sam. Not so fast...you will still pay taxes in retirement, but we can minimize those taxes. Tax planning for business owners is the foundation for paying less in taxes today and in the future. In this blog, we are going to teach you how to reduce your taxes in retirement. Reduce Your Taxes in Retirement One of the