Team Frugal: Jamal Mashburn
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.
Jamal Mashburn probably best known for his time at Kentucky and later the Dallas Mavericks and Charlotte Hornets was a 12 year NBA veteran. Jamal Mashburn was never a perennial all star and may never make the Hall of Fame but 12 years in the NBA averaging just under 20 points a game is nothing to balk at, especially if you add in the injuries that shortened his career prematurely.
Jamal Mashburn however has been an all star in the business sector and if you ask him, he would be more happy about that than anything involving basketball. For that reason, Jamal Mashburn is this week's #teamfrugaltuesdays edition.
Jamal Mashburn is a franchisee with 80 franchise locations. His strongholds are with Papa Johns restaurants and Outback Steakhouses. Mashburn also owns a number of car dealerships. He even has an interest ownership in thoroughbred horse racing partnering with his former coach, Rick Pitino. Just recently, Mashburn opened a VC firm and marketing agency to help invest in various start ups and digital media outlets. Jamal Mashburn investment portfolio clearly shows he has the chops to succeed in the business sector.
Mashburn credits his yearning to be more than a basketball player as a key reason for his success off the court.
Being an athlete doesn’t mean you should strictly pigeonhole yourself to only being an athlete. Mashburn casted a strong web of other investments and has been able to flourish because of it. By not relying on only sports, something that can end at any moment’s notice, Mashburn has beenable to do something he is passionate about and make good money in his post career. With all the stories of athletes going broke so quickly after they retire, it’s exciting to see Mashburn doing the right things to avoid that unfortunate statistic.