In this episode, former Milwaukee Brewers left-hander Scott Karl traces his path from Carlsbad standout to big league starter to financial advisor. He swaps stories with Jeff about Bandon Dunes and his move from California to Lake Norman, then dives into his career, getting a last-minute shot after the ’94 strike, surviving as a finesse pitcher in a power era, facing legends like Randy Johnson, Greg Maddux, and Sammy Sosa, and taking the mound during the 1998 home run chase. Scott shares how he lost roughly 70% of his portfolio in the dot-com bust while still playing, what it taught him about risk and advisors, and how it pushed him into wealth management. He explains why many athletes blow through life-changing money, how he builds portfolios with buffered ETFs, structured notes, and private credit, and how he manages expectations around upside, downside, and liquidity. The conversation widens to NIL, parents effectively betting travel-ball costs on scholarships, and the risk of turning college sports into a money race. Scott also talks about raising two Division I volleyball players, the mental side of high performance, and how those lessons carry into investing, before closing with his favorite baseball cities and parks, from Wrigley day games to the old Jake in Cleveland and nostalgic nights at Dodger Stadium. SEND IT!
Chapters:
00:00-02:21=Intro
02:22-09:59= Private Jets, Bandon Dunes, and the Road from Carlsbad to the Big Leagues
10:00-24:09= Facing Maddux and the Big Unit: Velocity, Wiffle Balls, and the Rise of the 100-MPH Era
24:10-34:12= From Million-Dollar Contracts to Going Broke: Why Pro Athletes Struggle with Money
34:13-44:17= Making a Short Career Last a Lifetime: Contracts, Risk Math, and Smoother Portfolios
44:18-56:31= Buffers, Structured Notes, and Private Credit: Building Smoother Rides Through Rough Markets
56:32-01:05:47= First Responders vs. Second Responders: Buffers, Managed Futures, and Protecting the Downside
01:05:48-01:14:25= NIL, Transfers, and Pandora’s Box: How College Sports Turned into a Money Game
01:14:26-01:22:28= From Youth Sports to Life After the Game: Parenting, Perspective, and Baseball’s Best Cities
01:22:28-01:27:57= Gibsons, Wrigley Day Games, and Why Petco Might Be Baseball’s Best Park
From the Episode:
PIVOT PODCAST (Caleb Williams podcast episode)
https://open.spotify.com/episode/4qO6oXmftTn8Jl4Ru3R4Mg?si=kzx-UJ_YTe25pDr8mNHfAQ&nd=1&dlsi=4cc9da8589d542a2
Follow along with Scott and Silverleaf WM on LinkedIn and be sure to check out silverleafwealth.com for more information!
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Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visitwww.rcmalternatives.com/disclaimer
