November 30, 2022
The Making of a Frugal Athlete with Amobi Okugo | Business and Post-Athletics
By Michelle Stone
Today on Adeptus On-Air, host James Walker speaks with Amobi Okugo, entrepreneur and former professional soccer player. Amobi shares his experience as a young athlete going pro and learning about money management through careful financial planning. He discusses how he became a successful entrepreneur using his insight on financial literacy, which led to developing “”Frugal Athlete.”” This platform was founded for athletes to learn how to manage their income to ensure wealth and stability after they retire. Despite his many successes, Amobi prefers to stay humble and give back to his community through his business ventures. Listen in to hear more about Amobi’s journey from becoming a professional soccer player to a successful entrepreneur.
Listen
Amobi Okugo Resources
Social Media
Time Stamps
How Amobi got started and his background 1:42
His business acumen early on 6:09
What he would do differently if he had to go back and “The El Dorado Crew” 9:32
Realizing he could go pro 12:04
How the business of MLS has grown 13:58
Retirement or keep playing 17:22
Maintaining humility and finding a healthy balance 19:40
What is a frugal athlete? 24:22
Leveraging transferable skills 25:31
Relationships matter 28:07
What sports are missing 31:20
“My definition of a frugal athlete is someone that’s efficient. Someone that understands how to leverage their resources, their capital, their experiences, their network, and their opportunities to build on that. In this case, their financial pyramid, their financial stability, their overall career goals, and their personal ecosystem. So when I think of frugal, I think of someone that’s efficient, I think of someone who’s able to leverage what they have and someone that’s economical and prudent rather than someone that’s cheap.” 24:47
Adeptus Resources
Managing the Cyclical Income in Sports and Entertainment
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