Team Frugal: Justin Tuck
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 going to one of the most prestigious business schools in the whole world after an 11 year NFL career. Keep in mind this NFL career included two Superbowl rings and career earnings around 40 million dollars. One could assume that said player would be set for life and not need to be voluntarily pursuing an MBA from Wharton business school. For Justin Tuck, it’s necessary for his fulfillment for his life after sports.
For this reason amongst many others is why we highlighted Justin Tuck as this week’s Team Frugal edition.
Justin Tuck’s explanation of why he is pursuing his MBA perfectly sums up an issue athletes face when their career is over. As an athlete you are use to having a sense of purpose and a sense of order. Win games, Win championships, study film, take care of your body, practice hard… when you don’t have that routine or drive you can get lost. Some athletes struggle finding something to fill that void. In some instances, that can lead to depression and unfortunate financial struggles when you have lots of money and lots of time to spend that money on. Justin Tuck knew that he had his whole life ahead of him and for him, it was more about finding his sense and calling after his career was done. Does he need an MBA? NO, probably not but for Tuck it’s a means to an end and will help him for some of his long term goals.
Besides Tuck going to school he is also involved in a number of different ventures. Along with his vast endorsement portfolio with brands like Nike and Subway, Tuck is an investor in different Tech startups. He consistently interns for big financial and real estate firms to help cultivate his knowledge in those specific sectors. The most impressive thing and what makes Justin Tuck a frugal athlete, is his non profit organization started by him and wife, Rush for Literacy. Rush for Literacy is a program that is catered to help children from low socioeconomic backgrounds increase financial literacy through reading, programming, and grant making. It’s amazing to see an athlete give back and provide a need on an issue that a number of kids go through, and for him to help the next generation is something to be really proud of.