September 4, 2025 • 12 mins
Amy Wagner is a Wealth Advisor with Dean Dorton Private Wealth, and she joins us every Wednesday to talk sports and money, on ESPN1530.
Lean about the Dean Dorton Diifference at DeanDorton.com.
Podcasts of The Mo Egger Radio Show are a service of Longnecks Sports Grill.
Listen to the show live weekday afternoons 3:00 - 6:00 on ESPN1530.
Listen Live: ESPN1530.com/listen
Get more: https://linktr.ee/MoEgger
Follow on X: @MoEgger
Instagram too: @MoEgger
Lean about the Dean Dorton Diifference at DeanDorton.com.
Podcasts of The Mo Egger Radio Show are a service of Longnecks Sports Grill.
Listen to the show live weekday afternoons 3:00 - 6:00 on ESPN1530.
Listen Live: ESPN1530.com/listen
Get more: https://linktr.ee/MoEgger
Follow on X: @MoEgger
Instagram too: @MoEgger
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
For years on this show, I've wanted to do a
like a regular segment where we talked about the unending
intersection between sports and money and sports and business, and
I've always thought it would make sense to do I've
been looking for the right person to do it with,
and lo and behold the person that.
Speaker 2 (00:20):
We're gonna do it with.
Speaker 1 (00:21):
I've known for like decades, and she's been on this
show before because we once made a wager on the
Kentucky versus uc NCAA tournament game in twenty fifteen, which
the Bearcats held their own in for a good nine
minutes before at the time undefeated Wildcats took over, and
I forget what we wagered. I think Amy had to
(00:41):
come in studio and host an hour with me. She
has been heard on our stations for years on fifty
five krs. She is with the folks at Dean Dorton.
She is a wealth advisor for Dean Dorton Private Wealth.
You can learn more at Deandorton dot com. To talk
sports and business every week and visiting me and studio,
my longtime friend formerly of a Channel five and Channel nine,
(01:06):
Amy Wagner, stay there.
Speaker 2 (01:08):
How's it going good?
Speaker 3 (01:10):
Really good? It's good to be here.
Speaker 4 (01:11):
One other thing I think we should note is, yes,
the Bengals whooped up on your Bearcats in that game,
But that really started my radio career because.
Speaker 2 (01:20):
Here you're welcome.
Speaker 4 (01:21):
Someone had been listening to that show and was like, hey,
that girl like has always done the news and she
could probably do radio too, And that launched a financial
radio show and my time on it over a decade long.
Speaker 3 (01:36):
So thanks for losing that bad I appreciate that.
Speaker 1 (01:38):
Was That was twenty fifteen, Yeah, the Cincinnati Kentucky game
and had the Bearcats one.
Speaker 2 (01:44):
I was going to get a chance to.
Speaker 3 (01:45):
Co anchor my show ancher the news.
Speaker 4 (01:49):
I think everybody can for the record, Yes, it was
the weekend anchor at the time, and we were going
on after NASCAR, like one thirty seven in the morning,
So it wasn't like you were ready for primetime necessarily.
Speaker 3 (02:00):
Sure, but sure you would have co anchored the show.
Speaker 4 (02:03):
It just didn't go that way and launched, you know,
now a radio career.
Speaker 3 (02:08):
That's been so fun.
Speaker 1 (02:09):
Yeah, so that was ten years ago, the Kentucky Cincinnati game.
It is awesome to have you.
Speaker 3 (02:14):
Good to be here.
Speaker 2 (02:15):
I know you're a big sports spot.
Speaker 3 (02:16):
That we should do a show together.
Speaker 1 (02:18):
It's been a long time in the making. And the
thing is, I'm honest when I say this. For years
I've thought like, let's do sports and money, because you
can't talk about sports without talking money.
Speaker 2 (02:29):
And I mean we were even doing it. Last week.
Speaker 1 (02:32):
Cincinnati played a football game against Nebraska and they essentially
sold it to them to move it to Kansas City,
and the dollar amount was four and a half million dollars,
and instead of talking about the game, all the talk
was should they have moved the game and taken the
check for four point five million dollars. That is a
small example of how we are just constantly talking and
interweaving sports and money with each other.
Speaker 4 (02:53):
Oh, you and I have talked about when the Bengals
went to the Super Bowl, right, how much money that
brought in. And we've talked about when you see which
conferences and what would that mean to fans and what
kind of money would come to the program as the
results of that. So you and I have kind of
been on each other shows for years now, which we
never got it together on a regular thing. And I
was talking to a client earlier today and he was like, oh,
(03:15):
my gosh, why didn't even think about this years ago?
Speaker 3 (03:17):
I was like, well, my and I kind of did,
but that's all right. And he said, well, what are
you gonna call it? And he said, I don't know.
Speaker 4 (03:22):
We came with a name up for and he said,
what about Mo Money with Wags?
Speaker 2 (03:26):
Oh?
Speaker 4 (03:27):
And I was like, Mo Money. I feel like it
was like right in front of us this whole time.
It gives you a little more credit than I'd like
to give you. But if you put with Wags in it,
I think it's okay.
Speaker 1 (03:38):
The best I came up with was Amy Wags Wednesdays,
But that doesn't tell you what the segment's all about.
It could be about anything. It could be about Dixie
Heids High school football. Give you about anything.
Speaker 2 (03:48):
I don't know it could be.
Speaker 4 (03:49):
And that's a good place to start, Dixie Heights Hig
School football. But I'm sure we'll get there at some point.
Speaker 2 (03:53):
Yeah. Uh, Le's talk about.
Speaker 4 (03:55):
The Bengals since we had kind kind of a big
game on the horizon this week. And I think as
mere mortals, right, the rest of us who watch these
games and pretty much live and die by right what
happens on Sundays, we hear about what these players bring in, right,
their paychecks, and they're astronomical to so many of us.
I can't imagine a Joe Burrow like paycheck. I mean,
(04:17):
I watched the documentary, you know what I mean. I
don't ever think I'm going to go out and buy
a batmobile or samurai swords for all of my friends.
Speaker 3 (04:25):
Right, So this is definitely next level wealth.
Speaker 4 (04:28):
But I think the interesting thing is even these players
that play at that level or what's league minimum right now,
eight hundred plus more than the average Joe like brings
in in a monthly paycheck. For sure, I think it's
safe to say that, right, But then you like hear
the stats about how many of them go bankrupt. I
mean ten years ago, it was like eighty percent of
(04:48):
players once they left the game went bankrupt or had
some kind of major financial issue afterwards. And I think
for many of them, what's going on is what goes
on for a lot people. Okay, maybe we don't have
that kind of paycheck, but lifestyle creep.
Speaker 1 (05:03):
Right.
Speaker 4 (05:04):
It's like, when you start to make more money, do
you start saving more? No, nope, so many people spend more, right,
we see it all the time. And now they've tried
to bring in, you know, financial professionals to talk to
these people, who, by the way, make a ton of
money to play a game, you know. I mean, it's
not like they had to take a personal finance class.
But you and I've talked about this before. Neither one
(05:25):
of us did either.
Speaker 1 (05:27):
You know, No, no, I had no financial literacy in
high school or college or really in my twenties.
Speaker 4 (05:32):
Yeah, and of you went to the fine institution University
of Dayton.
Speaker 3 (05:37):
I went to the University of Kentucky. We went to
great high schools.
Speaker 1 (05:40):
Yeah, and so I wish I wish I would have
paid more attention or asked the right questions. The part
of it that I wonder about because you talk about
professional athletes. Yeah, so, you know, college athletics. The professionalization
of college athletics has taken hold, and I'm in favor
of it. Like I want everybody to get paid. I
want everybody to get the dollar they can. I do
(06:02):
wonder and we hear about what the you know, the
best quarterbacks in college football get. But there are a
lot of college athletes that are getting a nice chunk
of money relative to the average college student. But that's
not exactly life changing. And I wonder how many of them,
as much as I am a proponent of them getting
as every time they can, I wonder how much of
(06:22):
them are equipped with the tools they need to ensure
that they they make that money last, or make that
money do something for them besides what I would do
with it, which is, you know, you know, let's be honest,
i'd buy a lot of beer with it when I was.
Speaker 2 (06:37):
Twenty one years old, right, And so I wonder about that.
Speaker 1 (06:40):
At the collegiate level, are are they being taught about
financial literacy?
Speaker 4 (06:44):
Yeah, and I think there is a financial fitness program
that's available to the NFL, and now they're trying to
get people who are getting nil money in as well.
But you think about it, man, if you're a junior
in college, twenty five thousand dollars is like two and
a half million dollars to a normal person, and then
you think of all the things you can do when
you buy the car or whatever, and then all of
(07:04):
a sudden that money's gone, You've got nothing to show
for it.
Speaker 3 (07:07):
And so again it's lifestyle creep.
Speaker 4 (07:09):
But I think, you know, we have to start having
these conversations in our homes with our children about the
fact that, hey, there's some ways to think through that money. Yes,
nobody's saying don't treat yourself, but like, is there debt
that needs to be paid off? Is there a way
that you can make a difference. I covered a former
Bengals player pretty closely for a long amount of time,
(07:31):
and I was at his place many many times. He
had roughly seventy three cousins living with him and had
brought bought vehicles for all of them, right, I mean,
these are the stories that you hear coming out of this.
But hey, how many people have the rich uncle or
the one person in the family who does really well
and people are coming to them for a handout all
the time. I mean, I think so much of what
(07:54):
we see going wrong often with these players that make
these ginormous paychecks are the same things that you can
estrapolate out to people who are making normal paychecks and
not thinking through how much should I really be saving
right now so that I can retire someday?
Speaker 2 (08:08):
You know.
Speaker 3 (08:09):
I mean the average player, what is it, three years
in the league? Three point three yeah, three point three
years in the league.
Speaker 4 (08:14):
Many of them aren't thinking about what comes next, they're
thinking about how to get over the injury that they
suffered last Sunday, right, And I think that financial health
is as important, or should be as important, is their
actual health.
Speaker 1 (08:27):
I think one of the most and I told you
I was going to find this for you, and I will.
One of the most touching scenes in the show Hard
Knocks I've ever seen was when the Bengals were on
it in two thousand and nine. Chad Johnson had played
in the league for at that point eight.
Speaker 2 (08:40):
Or nine years.
Speaker 1 (08:41):
He was a multi multi millionaire. He was one of
the most famous athletes in the country to that point,
huge name. I mean, you know, he was by then,
he was established. And there's a scene in Hard Knocks
where he ambles into a meeting room and Marvin Lewis
is there, and you can tell like a meeting had
just been conducted, and Marvin Lewis literally takes Chad Johnson
and explain to him how banks work. Yeah, And I
(09:02):
thought to myself, that's really cool, right, that's really cool
of Marvin to do. But it's terrifying that an NFL
head coach would have to have that type of conversation
with a player. And I'm sure, it happens all throughout
the NFL. These are adults, yes.
Speaker 3 (09:16):
But who's pulling them aside?
Speaker 4 (09:17):
Saying when you get money in, how much are you
going to spend? How much are you going to save?
How much are you going to invest?
Speaker 1 (09:24):
Right?
Speaker 4 (09:24):
Many of them their entire lives have been about the
next game and the next play and how to excel
at that level, and there aren't any conversations about how
do you set yourself and your family up for success
after this three point three years are over.
Speaker 1 (09:37):
Yeah, I'm always I'm always taken aback when you watch
like the NBA draft or the NFL draft, and invariably
somebody will ask, you know, one of the kids who
have been drafted, what are you going to buy first?
And like, again, man, god knows what I would buy,
but I'm waiting for the kid to go, well, you
know what my financial planner told me that this is
we're gonna doing?
Speaker 2 (09:56):
That would be I'm waiting for that answer, and I
bet we get it one day.
Speaker 4 (10:00):
Yeah. Well, and there is advice out there specifically aimed
toward people that are being drafted, and they talk about
players like Gronk who lived off of well endorsement, money, right,
And so then he just banked, saved, invested every single
dime of every paycheck he ever bought in. And they
also say, listen, you can have anything, but you can't
have everything. Joe Burrow, he can have everything. The average
(10:21):
player out there, you kind of got to pick what
it is that you're going to spend money on.
Speaker 3 (10:26):
The average person has to do this too.
Speaker 4 (10:28):
Is it travel? Is it eating out? Is it making
sure that our kids don't have to pay for college?
And that becomes then the priority and everything else. If
it's not the priority, then maybe you don't spend money
on it, you know. And I think so many of
these people when they get the first paychecks, or any
of us, when the first bonus comes in or the
first raise, it's spent in your minds before it ever
(10:48):
hits your bank account. And if you would step back
and think, Okay, what about my future self? What are
they going to wish that I decided? And if you
start thinking about money that way, not only your currents
but your future self, then I think you set yourself
up far better down the line.
Speaker 1 (11:03):
We decided on mo Money with Amy Wagner Or is
that or is that still a working title?
Speaker 3 (11:08):
No money with wags. Oh we can work with it.
Speaker 2 (11:10):
Okay. Well, as they say in the business, will.
Speaker 3 (11:14):
Work, shop it, will work, shop it.
Speaker 2 (11:16):
I'm still not even sure I know what that means.
But you're going to join me every Wednesday?
Speaker 3 (11:20):
Yeah, I'm joining you every Wednesday.
Speaker 4 (11:22):
You know, we're big proponents at Dean Dorton Private Wealth
that people are educated in money, and I think this
is a great way to partner and it's fun.
Speaker 2 (11:31):
Yes.
Speaker 4 (11:31):
I mean, how many times are you out on the
weekend and you're talking about sports and money.
Speaker 3 (11:35):
I mean it's a no brainer. I don't know how
you didn't think of this before.
Speaker 1 (11:38):
But what you said is accurate because when I hang
out with my buddies, invariably a player's salary or what
he's worth, or what the team may have saved for
cutting him. It's such a part of the everyday conversation.
Speaker 4 (11:53):
Or how much your buddy is paying to get to tickets,
or you know how much season tickets used to cost
versus now. I mean, all of it is about money
and making these financial decisions.
Speaker 1 (12:03):
The Dean Dorton Difference. Amy Wagner, Wealth Advisor, Dean Dorton
Private Wealth. You can learn more at Deandorton dot com.
It is awesome to have you in studio. They do
this since studio is often we have enough phone guests
and people doing phone interviews.
Speaker 4 (12:16):
Yeah, you stories and about you, and I think the
stories come out better when we're here in person.
Speaker 1 (12:21):
You have stories about me? Yeah, well we might. We
might have to discuss which ones will be all.
Speaker 4 (12:27):
Right, Well, we can talk about tailgating for a UK
football game maybe some other time.
Speaker 2 (12:31):
That was right, That was also ten years ago.
Speaker 1 (12:33):
Pretty much everything in our in our relationship occurred ten
years ago. You know what, kids, That's what happened kids
in life. Deandorton dot com Amy awesome to have you.
Can't wait to have you every single week. It's going
to be terrific.
For years on this show, I've wanted to do a
like a regular segment where we talked about the unending
intersection between sports and money and sports and business, and
I've always thought it would make sense to do I've
been looking for the right person to do it with,
and lo and behold the person that.
Speaker 2 (00:20):
We're gonna do it with.
Speaker 1 (00:21):
I've known for like decades, and she's been on this
show before because we once made a wager on the
Kentucky versus uc NCAA tournament game in twenty fifteen, which
the Bearcats held their own in for a good nine
minutes before at the time undefeated Wildcats took over, and
I forget what we wagered. I think Amy had to
(00:41):
come in studio and host an hour with me. She
has been heard on our stations for years on fifty
five krs. She is with the folks at Dean Dorton.
She is a wealth advisor for Dean Dorton Private Wealth.
You can learn more at Deandorton dot com. To talk
sports and business every week and visiting me and studio,
my longtime friend formerly of a Channel five and Channel nine,
(01:06):
Amy Wagner, stay there.
Speaker 2 (01:08):
How's it going good?
Speaker 3 (01:10):
Really good? It's good to be here.
Speaker 4 (01:11):
One other thing I think we should note is, yes,
the Bengals whooped up on your Bearcats in that game,
But that really started my radio career because.
Speaker 2 (01:20):
Here you're welcome.
Speaker 4 (01:21):
Someone had been listening to that show and was like, hey,
that girl like has always done the news and she
could probably do radio too, And that launched a financial
radio show and my time on it over a decade long.
Speaker 3 (01:36):
So thanks for losing that bad I appreciate that.
Speaker 1 (01:38):
Was That was twenty fifteen, Yeah, the Cincinnati Kentucky game
and had the Bearcats one.
Speaker 2 (01:44):
I was going to get a chance to.
Speaker 3 (01:45):
Co anchor my show ancher the news.
Speaker 4 (01:49):
I think everybody can for the record, Yes, it was
the weekend anchor at the time, and we were going
on after NASCAR, like one thirty seven in the morning,
So it wasn't like you were ready for primetime necessarily.
Speaker 3 (02:00):
Sure, but sure you would have co anchored the show.
Speaker 4 (02:03):
It just didn't go that way and launched, you know,
now a radio career.
Speaker 3 (02:08):
That's been so fun.
Speaker 1 (02:09):
Yeah, so that was ten years ago, the Kentucky Cincinnati game.
It is awesome to have you.
Speaker 3 (02:14):
Good to be here.
Speaker 2 (02:15):
I know you're a big sports spot.
Speaker 3 (02:16):
That we should do a show together.
Speaker 1 (02:18):
It's been a long time in the making. And the
thing is, I'm honest when I say this. For years
I've thought like, let's do sports and money, because you
can't talk about sports without talking money.
Speaker 2 (02:29):
And I mean we were even doing it. Last week.
Speaker 1 (02:32):
Cincinnati played a football game against Nebraska and they essentially
sold it to them to move it to Kansas City,
and the dollar amount was four and a half million dollars,
and instead of talking about the game, all the talk
was should they have moved the game and taken the
check for four point five million dollars. That is a
small example of how we are just constantly talking and
interweaving sports and money with each other.
Speaker 4 (02:53):
Oh, you and I have talked about when the Bengals
went to the Super Bowl, right, how much money that
brought in. And we've talked about when you see which
conferences and what would that mean to fans and what
kind of money would come to the program as the
results of that. So you and I have kind of
been on each other shows for years now, which we
never got it together on a regular thing. And I
was talking to a client earlier today and he was like, oh,
(03:15):
my gosh, why didn't even think about this years ago?
Speaker 3 (03:17):
I was like, well, my and I kind of did,
but that's all right. And he said, well, what are
you gonna call it? And he said, I don't know.
Speaker 4 (03:22):
We came with a name up for and he said,
what about Mo Money with Wags?
Speaker 2 (03:26):
Oh?
Speaker 4 (03:27):
And I was like, Mo Money. I feel like it
was like right in front of us this whole time.
It gives you a little more credit than I'd like
to give you. But if you put with Wags in it,
I think it's okay.
Speaker 1 (03:38):
The best I came up with was Amy Wags Wednesdays,
But that doesn't tell you what the segment's all about.
It could be about anything. It could be about Dixie
Heids High school football. Give you about anything.
Speaker 2 (03:48):
I don't know it could be.
Speaker 4 (03:49):
And that's a good place to start, Dixie Heights Hig
School football. But I'm sure we'll get there at some point.
Speaker 2 (03:53):
Yeah. Uh, Le's talk about.
Speaker 4 (03:55):
The Bengals since we had kind kind of a big
game on the horizon this week. And I think as
mere mortals, right, the rest of us who watch these
games and pretty much live and die by right what
happens on Sundays, we hear about what these players bring in, right,
their paychecks, and they're astronomical to so many of us.
I can't imagine a Joe Burrow like paycheck. I mean,
(04:17):
I watched the documentary, you know what I mean. I
don't ever think I'm going to go out and buy
a batmobile or samurai swords for all of my friends.
Speaker 3 (04:25):
Right, So this is definitely next level wealth.
Speaker 4 (04:28):
But I think the interesting thing is even these players
that play at that level or what's league minimum right now,
eight hundred plus more than the average Joe like brings
in in a monthly paycheck. For sure, I think it's
safe to say that, right, But then you like hear
the stats about how many of them go bankrupt. I
mean ten years ago, it was like eighty percent of
(04:48):
players once they left the game went bankrupt or had
some kind of major financial issue afterwards. And I think
for many of them, what's going on is what goes
on for a lot people. Okay, maybe we don't have
that kind of paycheck, but lifestyle creep.
Speaker 1 (05:03):
Right.
Speaker 4 (05:04):
It's like, when you start to make more money, do
you start saving more? No, nope, so many people spend more, right,
we see it all the time. And now they've tried
to bring in, you know, financial professionals to talk to
these people, who, by the way, make a ton of
money to play a game, you know. I mean, it's
not like they had to take a personal finance class.
But you and I've talked about this before. Neither one
(05:25):
of us did either.
Speaker 1 (05:27):
You know, No, no, I had no financial literacy in
high school or college or really in my twenties.
Speaker 4 (05:32):
Yeah, and of you went to the fine institution University
of Dayton.
Speaker 3 (05:37):
I went to the University of Kentucky. We went to
great high schools.
Speaker 1 (05:40):
Yeah, and so I wish I wish I would have
paid more attention or asked the right questions. The part
of it that I wonder about because you talk about
professional athletes. Yeah, so, you know, college athletics. The professionalization
of college athletics has taken hold, and I'm in favor
of it. Like I want everybody to get paid. I
want everybody to get the dollar they can. I do
(06:02):
wonder and we hear about what the you know, the
best quarterbacks in college football get. But there are a
lot of college athletes that are getting a nice chunk
of money relative to the average college student. But that's
not exactly life changing. And I wonder how many of them,
as much as I am a proponent of them getting
as every time they can, I wonder how much of
(06:22):
them are equipped with the tools they need to ensure
that they they make that money last, or make that
money do something for them besides what I would do
with it, which is, you know, you know, let's be honest,
i'd buy a lot of beer with it when I was.
Speaker 2 (06:37):
Twenty one years old, right, And so I wonder about that.
Speaker 1 (06:40):
At the collegiate level, are are they being taught about
financial literacy?
Speaker 4 (06:44):
Yeah, and I think there is a financial fitness program
that's available to the NFL, and now they're trying to
get people who are getting nil money in as well.
But you think about it, man, if you're a junior
in college, twenty five thousand dollars is like two and
a half million dollars to a normal person, and then
you think of all the things you can do when
you buy the car or whatever, and then all of
(07:04):
a sudden that money's gone, You've got nothing to show
for it.
Speaker 3 (07:07):
And so again it's lifestyle creep.
Speaker 4 (07:09):
But I think, you know, we have to start having
these conversations in our homes with our children about the
fact that, hey, there's some ways to think through that money. Yes,
nobody's saying don't treat yourself, but like, is there debt
that needs to be paid off? Is there a way
that you can make a difference. I covered a former
Bengals player pretty closely for a long amount of time,
(07:31):
and I was at his place many many times. He
had roughly seventy three cousins living with him and had
brought bought vehicles for all of them, right, I mean,
these are the stories that you hear coming out of this.
But hey, how many people have the rich uncle or
the one person in the family who does really well
and people are coming to them for a handout all
the time. I mean, I think so much of what
(07:54):
we see going wrong often with these players that make
these ginormous paychecks are the same things that you can
estrapolate out to people who are making normal paychecks and
not thinking through how much should I really be saving
right now so that I can retire someday?
Speaker 2 (08:08):
You know.
Speaker 3 (08:09):
I mean the average player, what is it, three years
in the league? Three point three yeah, three point three
years in the league.
Speaker 4 (08:14):
Many of them aren't thinking about what comes next, they're
thinking about how to get over the injury that they
suffered last Sunday, right, And I think that financial health
is as important, or should be as important, is their
actual health.
Speaker 1 (08:27):
I think one of the most and I told you
I was going to find this for you, and I will.
One of the most touching scenes in the show Hard
Knocks I've ever seen was when the Bengals were on
it in two thousand and nine. Chad Johnson had played
in the league for at that point eight.
Speaker 2 (08:40):
Or nine years.
Speaker 1 (08:41):
He was a multi multi millionaire. He was one of
the most famous athletes in the country to that point,
huge name. I mean, you know, he was by then,
he was established. And there's a scene in Hard Knocks
where he ambles into a meeting room and Marvin Lewis
is there, and you can tell like a meeting had
just been conducted, and Marvin Lewis literally takes Chad Johnson
and explain to him how banks work. Yeah, And I
(09:02):
thought to myself, that's really cool, right, that's really cool
of Marvin to do. But it's terrifying that an NFL
head coach would have to have that type of conversation
with a player. And I'm sure, it happens all throughout
the NFL. These are adults, yes.
Speaker 3 (09:16):
But who's pulling them aside?
Speaker 4 (09:17):
Saying when you get money in, how much are you
going to spend? How much are you going to save?
How much are you going to invest?
Speaker 1 (09:24):
Right?
Speaker 4 (09:24):
Many of them their entire lives have been about the
next game and the next play and how to excel
at that level, and there aren't any conversations about how
do you set yourself and your family up for success
after this three point three years are over.
Speaker 1 (09:37):
Yeah, I'm always I'm always taken aback when you watch
like the NBA draft or the NFL draft, and invariably
somebody will ask, you know, one of the kids who
have been drafted, what are you going to buy first?
And like, again, man, god knows what I would buy,
but I'm waiting for the kid to go, well, you
know what my financial planner told me that this is
we're gonna doing?
Speaker 2 (09:56):
That would be I'm waiting for that answer, and I
bet we get it one day.
Speaker 4 (10:00):
Yeah. Well, and there is advice out there specifically aimed
toward people that are being drafted, and they talk about
players like Gronk who lived off of well endorsement, money, right,
And so then he just banked, saved, invested every single
dime of every paycheck he ever bought in. And they
also say, listen, you can have anything, but you can't
have everything. Joe Burrow, he can have everything. The average
(10:21):
player out there, you kind of got to pick what
it is that you're going to spend money on.
Speaker 3 (10:26):
The average person has to do this too.
Speaker 4 (10:28):
Is it travel? Is it eating out? Is it making
sure that our kids don't have to pay for college?
And that becomes then the priority and everything else. If
it's not the priority, then maybe you don't spend money
on it, you know. And I think so many of
these people when they get the first paychecks, or any
of us, when the first bonus comes in or the
first raise, it's spent in your minds before it ever
(10:48):
hits your bank account. And if you would step back
and think, Okay, what about my future self? What are
they going to wish that I decided? And if you
start thinking about money that way, not only your currents
but your future self, then I think you set yourself
up far better down the line.
Speaker 1 (11:03):
We decided on mo Money with Amy Wagner Or is
that or is that still a working title?
Speaker 3 (11:08):
No money with wags. Oh we can work with it.
Speaker 2 (11:10):
Okay. Well, as they say in the business, will.
Speaker 3 (11:14):
Work, shop it, will work, shop it.
Speaker 2 (11:16):
I'm still not even sure I know what that means.
But you're going to join me every Wednesday?
Speaker 3 (11:20):
Yeah, I'm joining you every Wednesday.
Speaker 4 (11:22):
You know, we're big proponents at Dean Dorton Private Wealth
that people are educated in money, and I think this
is a great way to partner and it's fun.
Speaker 2 (11:31):
Yes.
Speaker 4 (11:31):
I mean, how many times are you out on the
weekend and you're talking about sports and money.
Speaker 3 (11:35):
I mean it's a no brainer. I don't know how
you didn't think of this before.
Speaker 1 (11:38):
But what you said is accurate because when I hang
out with my buddies, invariably a player's salary or what
he's worth, or what the team may have saved for
cutting him. It's such a part of the everyday conversation.
Speaker 4 (11:53):
Or how much your buddy is paying to get to tickets,
or you know how much season tickets used to cost
versus now. I mean, all of it is about money
and making these financial decisions.
Speaker 1 (12:03):
The Dean Dorton Difference. Amy Wagner, Wealth Advisor, Dean Dorton
Private Wealth. You can learn more at Deandorton dot com.
It is awesome to have you in studio. They do
this since studio is often we have enough phone guests
and people doing phone interviews.
Speaker 4 (12:16):
Yeah, you stories and about you, and I think the
stories come out better when we're here in person.
Speaker 1 (12:21):
You have stories about me? Yeah, well we might. We
might have to discuss which ones will be all.
Speaker 4 (12:27):
Right, Well, we can talk about tailgating for a UK
football game maybe some other time.
Speaker 2 (12:31):
That was right, That was also ten years ago.
Speaker 1 (12:33):
Pretty much everything in our in our relationship occurred ten
years ago. You know what, kids, That's what happened kids
in life. Deandorton dot com Amy awesome to have you.
Can't wait to have you every single week. It's going
to be terrific.
Mo Egger News
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