Team Frugal: Adonal Foyle
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.
As an athlete what you do off the court is just as important as what you do on the court. In fact, your situation off the court can have a drastic effect on your play. It's vital you get a balance on things to give yourself the best chance to succeed. The most successful players make sure they give themselves the best opportunity to flourish by having a grip on all things. Adonayl Foyle is a perfect example of an athlete that accomplished this feat from the first moment he stepped in the league.
Adonayl Foyle wasn't an All Star or first team All NBA player but he had a successful 13 yr NBA career after being a first round pick from Colgate. That is an amazing accomplishment within itself considering the average length of a career is a little under 5 years. Foyle credits his ability to balance and understand his role within a team. Foyle had a knack for finding other ways to become an integral part to whatever team he was on which ultimately enabled him to play 13 years. Not everything is about how many points you can score, sometime you need someone who can wear down opponents , block shots, and be a good leader for the group. Foyle was known for his leadership, defensive presence, and being a great teammate. Foyle understood his role for the teams he played on and flourished in them, which is why he lasted so long.
Foyle is this week's team frugal edition because of his preparation off the court. Foyle was always two steps ahead especially when it came to his financial playbook and career transition. It's why he's had a seamless post career avenue as a writer , players ambassador, consultant, businessman and so on.
Foyle in his book titled Winning the Money Game, discusses many concepts that helped him build a stable financial playbook. He covers an array of topics like building a trustworthy team, auditing your team no matter how much you trust them, understanding the battle of income vs expenses, building your brand and making an impact, and risk aversion that he used personally to help him build his portfolio and flourish on the court.
It's important to understand that it takes more than just talent to get you to where you want to be. Being a Frugal Athlete, you understand that you have to make use of your resources and prepare and protect the means that make it possible for you to perform and live the life you want. It could be being part of the Player's Union to have more knowledge about the back deals of the league and your own contract like Foyle or volunteering in the community or interning with a sponsor.
Adonayl has done a great job helping the next generation of professional athletes through his mentorship and books. Check it out on his website.