A Frugal Athlete Podcast Network is an audio channel hosted by founder, Amobi Okugo. This podcast is meant to provide an insiders look into the financial playbooks of professional athletes, give insights on what it means to be a frugal athlete, and discuss topics regarding all things sports business
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In this episode, we catch up with former professional soccer player Lyle Adams and talk about how he transitioned from soccer into the start up space. Lyle Adams gives us great lessons on the journey and how his frugal athlete mindset help catapult him to a different lane.
Frugal Athlete Quote
"Invest in a Product or Invest in a Person"
Lyle Adams Frugal Athlete Tips:
Avoid distractions during 1:1s and team meetings. If you are distracted or on your laptop/cell, it appears that you are not interested in who is presenting and you don't value them. I took all my 1:1s out of the office to ensure that I was 100% focused on the individual.
Team Meetings: encourage everyone to share during team meetings to create a positive environment for feedback and inclusion
Everyone perceives things differently: you might not favor anyone more than other person but if you move always ask to reschedule XX's 1:1 and never reschedule YY's 1:1, XX might perceive that you like YY more. Be careful of what you say or type. I stopped typing 'hey guys' in emails and used 'hey team' or 'hey folks'.
Always ask open-ended questions to encourage discussion. Can you explain this in more detail? Can you share your logic or why you believe this will be successful? Avoid "Yes" "No" questions.
Whenever possible play the role of devil's advocate; you want your team to be able to defend or justify their work. You might not agree with their plan but you have to let them try and fail as a teaching point.
It's okay to make mistakes. When you make a mistake, acknowledge this mistake and say it won't happen again. You are also a person and will make mistakes. Sadly, everyone makes a management mistake early in their careers.
Never become a blocker for someone. I traditionally responded to my team's emails and questions first then respond to everyone else (including my boss). If you cannot respond in a reasonable time frame, set a fair expectation with them.
Good Boss Bad Boss
Having Difficult Conversations
The Daily Entrepreneur
The Messy Middle
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In this episode we speak with the founder of Melanin Investor, Carmela Hawkins. We go in on her path into the financial sports industry, recent trends of athlete investors, what one should look for to increase their wealth, and how to be frugal in the right way.
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In this episode we interview active professional football player and entertainer, Lou Young. We dive into the financial lessons he's learned through his career and the different ventures he's started through entertainment and impact. Lou Young gives practical insights on the impact of networking, social media, and the business of sports.
Follow Lou Young on his youtube channel
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In this episode we interview former professional basketball player Lillian Chukwueze on her unique journey from basketball to real estate. How she developed side hustles and built her business through smart financial management and key networking.
Frugal Takeaway quote: "Attention Turns To Dollars"
Find Lillian Chukwueze on twitter/instagram:
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In this episode we interview Hakeem Valles, former NFL player turned Real Estate Investor and Public Speaker. We uncover his mindset behind some of the financial strategies he's developed, dive into why he is bullish on LinkedIn, and his perspective on how his life and career led him to what he's doing now.
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Follow up and reach Hakeem Valles here: "The fortune is in the follow up"
Book recommendation : Rich Dad Poor Dad
Frugal Athlete takeaway quote: "Be fully immersed in rather than just giving capital"
Phil Costa former NFL offensive lineman now Author of The Transition Playbook gives insights on his life and how elite athletes should transition. Join in on the things he's learned from his own transition and interviewing hundreds of other elite athletes.
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For more information, check out The Transition Playbook
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Why Athletes have lost over 500 million dollars to financial fraud and how Chase Carlson is out to combat that issue
Juju Smith-Schuster on building his social empire
The Real Reasons why NFL Players go broke
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Lavar Arrington on things he wish he would have told his younger self in terms of money management
Desmond Mason on his path from NBA to Art Entrepreneur
Kayvon Webster publishes dictionary
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In this interview, we had the pleasure of speaking with Justin Bass, managing director of True Capital Management, about money management as it pertains to athletes.
Topics discussed include:
Changing of the guard with how athletes look to invest
Building a Solid Foundation
How to control your Burn Rate
Principles that help with money management
What it means to be Frugal
Quote from Justin:
"Money talks, real wealth whispers"
Find Justin Bass on twitter or Linkedin
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How much collegiate football players spend before NFL draft
Christian Wilkins is the most frugal athlete in the NFL draft
Russell Wilson gifting his teammates Amazon stock
Thoughts from Columbia's Venture Investing Program for professional athletes
Sebastian Sam former track star at Cal Berkely gives insight into why Professional Athletes need to use LinkedIn as a tool for not just a resume platform. Also dives into steps you can take to transition out of sports and his own company, Forever Athlete.
The Start Up of You - Reid Hoffman
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Zion Williamson social media presence will change his future endorsements
Jake Plummer's QB lessons translate to start up success
Shaq and how he provides value as board of directors
Michael Avenatti embezzles up to 2 million dollars from NBA star
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A Frugal Athlete Episode with Quincy Amarikwa. Building a plethora of business under one umbrella using his professional soccer status as leverage. Currently playing for DC United, MLS veteran Quincy talks about his journey both on and off the field that's got him to this point. From creating his own soccer business to starting his own media company to building out a whole ecosystem and even why he represents himself on the field, Quincy gives us his book on how to be A Frugal Athlete
Why K.J. Wright says NFL players need financial awareness
Luis Robles becoming his team's unofficial financial advisor
Chris Paul signs deal to become producer
Dwayne Wade seeks therapy to help with post retirement
Tiffany Scott of Elite8 Marketing gives insights on the ever changing landscape of athlete brands. How she was able to carve out a niche for her clients with partnerships with Youtube, Gillette, One37pm, and more. Scott also reveals how mentors and networks go a long way in the sports business world.
Welcome To Money Talks a series where we talk to financial advisors and business managers that represent professional athletes. Money Talks gives us behind the scenes expertise on how athletes can be frugal from the experts perspective
A Frugal Athlete Episode with Zach Pfeffer. Signing for Philadelphia Union at the age of 16 years old in 2010. After a 7 year career he decided to retire and follow his passion in investment banking. This episode we talk about how he navigated money management before he even had his drivers license, where he developed an interest in business, and principles that he's learned from soccer that help him now.
Zach Pfeffer's Top Book Recommendations on Investing
The Intelligent Investor
More Money Than God
The Most Important Thing Illuminated
Mastering The Market Cycle
When Genius Failed
Too Big To Fail
The Only Game In Town
Barbarians At The Gate
King Of Capital
The Big Short
The Courage To Act
Fooled By Randomness
The Smartest Guys In The Room
The Alpha Masters
Capitalism In America
On The Brink
The Little Book That Builds Wealth
The Black Swan
We discuss Jason Witten’s decision on returning to playing football, The Shop’s question about whether you owe your family money when you make it big, and why Antonio Brown is great example of an athlete with leverage ... subscribe to the podcast and follow the newsletter www.afrugalathlete.com
First official episode of our stand alone segment, Bank Shots within our Frugal Athlete Podcast network. Bank Shots is our weekly recap on recent events as it relates to sports business and A Frugal Athlete. We discuss our thoughts on recent affairs as well as keep you up to date on all things happening within our world. All in all, this is a basically a deeper dive into our weekly newsletter which you should subscribe to as well as this. Link https://mailchi.mp/369385b019e8/bankshots
In this episode, topics include:
What Warren Buffet can learn from Lebron James
Ryan Mundy superbowl champion on his ranging portfolio of ventures and investments
Fred VanVleet making sure the fruits of his labour lasts
Spice Adams turning into a social media star after a bet
It's been awhile but our podcast is back and we are here to stay. We are now a Podcast Network with two stand alone segments, A Frugal Athlete Podcast & Bank Shots and many other series type segments coming as well. Catch up on what we've been up to and what are next steps for us.
Quick recap on some of the World Cup stars and how they are frugal with their finances and career decisions. We talk about one particular star from the World Cup making a transfer. Speaking of transfers, NBA free agency is in full swing. We give insight to the mind of a free agent and why Lebron’s move to Lakers is more about his life than about basketball. Lastly we close with thoughts on a recent article about the power of LinkedIn pertaining professional athletes.
We sit down with Arik Armstead star defensive lineman for the San Francisco 49ers and talk about his journey both on and off the field. We take a deep dive into what he’s learned from a financial perspective so far in his early career, why knowledge is power, and the value in being more than just an athlete. Make sure you tune in for the many gems Arik Armstead provides.
World Cup starts tomorrow so you know we had to talk about that. But you know since it’s a frugal athlete over here, we are coming at it from a different angle. How athletes and student athletes can use big opportunities like the World Cup to set themselves up for the long run. We also dive into to another professional athlete hard done by a financial advisor and Reggie Bush winning his lawsuit against the now Los Angeles Rams
The annual Forbes Sports Money list that identifies the top 100 highest paid athletes came out and we dissect the list and all the figures behind it. From the compensation differences in salary vs endorsements to ventures that different athletes are doing to certain trends in the market. We also discuss Lebron’s 45,000 dollar outfits and why it’s okay for him to do that and not someone like me. Lastly, we quickly go over another list I came across with the top 50 most powerful people in sports according to Worth.
This episode I go on a quick rant about professional athletes choosing their significant others and companions wisely. It doesn’t get talked about enough but divorce rates and child support payments amongst professional athletes are exceptionally high all things considered. So I talk about that and why it’s important to be upfront and communicate as well as cautious when it comes to dating.
In this episode I talk about how colleges are helping student athletes create their personal brands. For example, Ohio St’s creative media department is working with their football student athletes to help build a personal brand.
I discuss why former number 1 NBA draft pick Kwame Brown is suing Merril Lynch, Bank of America, and former financial advisor. I also share some tips on how you can avoid Kwame Brown’s current dilemma.
Lastly, I make a quick shoutout to Christian Wilkins who decided to stay another year at Clemson and pursue his masters while working as a substitute teacher to help increase his draft stock instead of rushing to the NFL.
Also acknowledge some more athletes who have taken it upon themselves to invest in their education and finish what they started.
Why Education is Important For Athletes and how to take advantage of furthering your education while playing. Also touch on why franchising is an ideal career opportunity for professional athletes in light of recent article on entrepreneur.
In this episode I talk about the news on the possible changes for College Athletes with the NCAA Basketball Rules I recap the NFL draft including Josh Allen and his previous tweets getting him in trouble and the brand impact the new rookies have I take some quick time to highlight team frugal of the week athlete, Arian Foster and how he transitioned out the game Close with some quick hits around the sports business world including another athlete, Robert Meachem, who was scammed by their financial manager Lastly, I introduce you to our brand new segment Book of the Month and share the book for May Athletes are brands too
Nfl draft is tomorrow so I talk about the next steps athletes should do when getting drafted. Additionally, I talk about different things rookies should do after getting drafted and how much money doesn’t need to be wasted on a suit and clothes for that matter. I also chat about Steph Curry and his new media company partnership with Sony and why athletes need to think of themselves as media companies as Gary Vaynerchuck would say. I also take time to touch on other investments and moves athletes are making in response to Entrepreneurs latest article (https://www.entrepreneur.com/topic/most-entrepreneurial-athletes) and give thoughts on moves like Aaron Rodgers’ ownership stake with Milwaukee Bucks and Rob Gronkowski’s acquired stake in a race horse. I divulge in why tech is so popular for athletes with a quick shoutout to Jason Fox who we highlighted as our Team Frugal Athlete of the week. Lastly, we close with the changing landscapes of agents.
In this episode I talk about the recent book I just finished New Money Staying Rich by Phillip Buchanon. I also talk about the new netflix original amateur , the movie that follows the life of a youth basketball phenom and his journey navigating his personal struggles on top of his hoop dreams. I also talk about different things around the sports business realm such as minor league player, Tyler Adkison retiring to start a crypto firm for athletes and kobe’s new espn show detail Lastly I divulge on some thoughts on why team sports with investing is important and other news in the sports business
In this episode we talk about taxes and all you need to know when it comes to paying Uncle Sam from the athlete perspective. With light of recent news regarding Drew Brees we also talk about some skeptical investments athletes make. We discuss the importance of thinking before you tweet and how to carry yourself on social media due to the backlash Final Four Most Outstanding Player Villanova’s Donte DiVincenzo. Lastly, Lebron James and Nick Saban two of the more polarizing figures in sports today are in a little legal tussle, so we cover the insights behind that and leave you with some thoughts.
After a little break we are back with episode 5 of A Frugal Athlete Podcast. We have a lot to catch up on. I talk about NFL free agency and franchise tags specifically Richard Sherman and Kirk Cousins. I also discuss my current situation as a Free Agent and Health Insurance. I also touch on how Kobe winning an oscar is great for athletes and what it means. Lastly we talk about Alex Rodriguez’s new show on CNBC Back in the Game.
I sit down with Akachi, my brother and co founder, and talk shop on everything. We divulge in his world of basketball. From the different levels of the basketball professional ranks to NCAA and whether athletes should get paid. We also talk about how athletes can control their own story and avoid the question so what's next?
In this episode I talk about the different resources that can help on your quest to be A Frugal Athlete. From books to podcasts to other platforms, this is great information that can build your financial base. I also highlight two athletes that are helping their peers become frugal athletes. I also divulge in what I learned at a Thuzio conference I went to and talk about another conference I’m attending at the NBA all star weekend. Books: Winning the Money Game , Athlete CEO, Brands Win Championships, Athletes Are Brands Too, Free Agent, Money Shot, New Money Staying Rich, Is There Life after the NFL, Rich Dad Poor Dad, Millionaire Next Door, Think and Grow Rich, Richest Man in Babylon, Pogues Basic Money. PODCAST: Dave Ramsey Show, Listen Money Matters, Stacking Benjamins, You Need A Budget, Smart Passive Income. For more information make sure you check the website www.afrugalathlete.com and follow us on all the s
This week’s episode I recap my time at the pursuit financial summit during NBA all star weekend. What I learned from the summit and also observations from people such as Miko Grimes surrounding the all star weekend.
I also talk about Lebron James, All Star MVP and his mantra “More than an Athlete” in light of recent events due to his Uninterrupted X Uber collaboration with Kevin Durant.
Also talk about the NFLPA externship program and why it’s important for athletes to use these opportunities presented to them.
In addition I make some quick plugs on cool podcast to listen to as well as different athletes to follow on youtube. 5 YouTube professional athlete channels to follow Kevin Durant , Cedric Thompson, Matthew Sheldon, Quincy Amarikwa, & Paul Rabil
Updated playbook to help you become a frugal athlete on the website as well afrugalathlete.com/playbook
First official episode of A Frugal Athlete podcast. Founder, Amobi Okugo takes you through the journey of how A Frugal Athlete came about, what it means to be A Frugal Athlete, and what the podcast will consist of. Follow the website at www.afrugalathlete.com