Professional Athletes and Their Finances with Amobi Okugo
28m
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Invest Smarter
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Today I have a special guest, Amobi Okugo. Amobi was drafted to the Philadelphia Union in 2010, which just happened to be the inaugural season for the Union. He spent 5 years in Philly and was a starter and an integral part of the team until he moved on in 2015. He then bounced around the MLS for a couple of years, before becoming a free agent and missing a whole year in 2018. He's now been back at it in Austin playing for their USL team, which is the second tier of professional soccer in the United States. I explored with Amobi what it was like playing in Philadelphia, which has some of the most loyal fans in the country. We then get into what it's like being an athlete and the challenges as well as benefits it brings. We dive into what it is like being drafted to play the sport you love, and then at the same time, we explore what it's like to then be released by a team and not know what your future holds. Amobi is very driven and has started a company called the Frugal Athlete which he hopes will be the go-to place for athletes to find resources that help them make smarter financial decisions. Amobi knows there have been too many athletes that have lost all their money, so we get into that and how he's trying to help. I think I’ve talked long enough, lets just get into this special episode, I think you will enjoy it. Here's my conversation with Amobi Okubo.
Connect with Amobi
A Frugal Athlete
Twitter
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Professional Athletes and Their Finances with Amobi Okugo
Today I have a special guest, Amobi Okugo. Amobi was drafted to the Philadelphia Union in 2010, which just happened to be the inaugural season for the Union. He spent 5 years in Philly and was a starter and an integral part of the team until he moved on in 2015. He then bounced around the MLS for a couple of years, before becoming a free agent and missing a whole year in 2018. He's now been back at it in Austin playing for their USL team, which is the second tier of professional soccer in the United States. I explored with Amobi what it was like playing in Philadelphia, which has some of the most loyal fans in the country. We then get into what it's like being an athlete and the challenges as well as benefits it brings. We dive into what it is like being drafted to play the sport you love, and then at the same time, we explore what it's like to then be released by a team and not know what your future holds. Amobi is very driven and has started a company called the Frugal Athlete which he hopes will be the go-to place for athletes to find resources that help them make smarter financial decisions. Amobi knows there have been too many athletes that have lost all their money, so we get into that and how he's trying to help. I think I’ve talked long enough, lets just get into this special episode, I think you will enjoy it. Here's my conversation with Amobi Okubo.
Connect with Amobi
A Frugal Athlete
Twitter
Professional Athletes and Their Finances with Amobi Okugo
Today I have a special guest, Amobi Okugo. Amobi was drafted to the Philadelphia Union in 2010, which just happened to be the inaugural season for the Union. He spent 5 years in Philly and was a starter and an integral part of the team until he moved on in 2015. He then bounced around the MLS for a couple of years, before becoming a free agent and missing a whole year in 2018. He's now been back at it in Austin playing for their USL team, which is the second tier of professional soccer in the United States. I explored with Amobi what it was like playing in Philadelphia, which has some of the most loyal fans in the country. We then get into what it's like being an athlete and the challenges as well as benefits it brings. We dive into what it is like being drafted to play the sport you love, and then at the same time, we explore what it's like to then be released by a team and not know what your future holds. Amobi is very driven and has started a company called the Frugal Athlete which he hopes will be the go-to place for athletes to find resources that help them make smarter financial decisions. Amobi knows there have been too many athletes that have lost all their money, so we get into that and how he's trying to help. I think I’ve talked long enough, lets just get into this special episode, I think you will enjoy it. Here's my conversation with Amobi Okubo.
Connect with Amobi
A Frugal Athlete
Twitter
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On today's show, I talk with David Barnett, who is an expert in buying and selling business. I wanted to come at the conversation from the angle of buying a business as an income generating asset in retirement. He had a lot of wisdom to share. We cover:
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- Should you buy or sell a business in retirement?
- Aligning your business venture to your interests
- Why buying a business and being "hands-off" is an unrealistic expectation
- Don't be fooled by the promise of buying an "absent-owner" business
- There is a lot more to owning a self-serve car wash than just collecting quarters
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- Why do you need to make a proper cash flow projection
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- Red flags when buying a business
- How Seller Financing can help foster a successful transition
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The Invest Smarter Podcast has a new website! Go to www.investsmarterpod.com to check it out. You can subscribe to our newsletter right from there and get our eBook, "Successfully Navigating the Market Cycle.
Connect with David DeWitt
- Subscribe to the Invest Smarter Newsletter (Bottom of the page)
- Connect on LinkedIn
- Get a Free Financial Assessment
If you received any value from this podcast, please leave us a 5-star review on Apple!
- Leave a review!
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Where do we stand with inflation? [1:25]
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Articles Mentioned in the Show
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If you received any value from this podcast, please leave us a 5-star review on Apple!
- Leave a review!