Team Frugal: Daniel Norris
Being frugal is about more than being stingy with your money. It means being prudent, smart and economical with your finances and career decisions. Every Tuesday, we share profiles of athletes that exemplify what it means to be A Frugal Athlete.
Imagine being 18 years old dreaming of becoming a professional athlete all your life and you finally achieve your dream. After all the hours of practice, after all the sacrifice and dealing with adversity you are now a professional athlete. Not only that, you were so good that you were drafted high and became a certified millionaire overnight. What’s the first thing you’d buy? How would you spend your money?
You see the dilemma for some athletes when it comes to living below their means, let alone within. However for some athletes like Daniel Norris, money doesn’t change their spending habits. In fact, Norris stated in an ESPN piece, "Just because money is there doesn't mean you have to have nicer things than you used to have,"
Daniel Norris could go around and buy almost anything he wanted but why do so if your are comfortable with how things are as is? Norris is so comfortable living within his means that he even converted his Volkswagen camper into a tiny home that he resides in during the offseason. He also with the assistance of his financial advisors keeps himself on a strict budget and puts the rest of his money into different investments.
Daniel Norris exemplifies what being a frugal athlete is all about. Yes, he could spend his money and live a lavish life but to what avail? Why live in a big mansion if you live by yourself? Norris is allowing himself to have the means to financial freedom for a lot longer period of time by being disciplined and financially savvy now. By being frugal, he has created a financial nest egg that will suit him for whenever his career comes to an end.
As the great football coach Herm Edwards once said addressing young professional athletes, “ You only need one of everything…” For Daniel Norris I guess that means turning your car into your house.