Team Frugal: Andre Iguodala
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.
Andre Iguodala is a NBA veteran and NBA finals MVP with the Golden State Warriors, but if you check his LinkedIN profile he identifies as an Entrepreneur and Venture Capitalist first. This may just be him catering to the LinkedIN business atmosphere or it could be him identifying as #morethananathlete which has been the mantra for athletes as they continue to pursue passions and interests outside of their sport.
Andre Iguodala is well known amongst the NBA circles as one of the more savvy businessmen off the court. His business portfolio includes investments in Walker & Co, Casper, Players Tribune, Nerd Wallet, Mayvenn just to name a few. Iguodala serves as Vice President of the NBA players association. He consistently takes advantage of his proximity to Silicon Valley and frequently meets with top VC companies such as Andreessen Horowitz. To top it off, Andre along with Steph Curry launched a Player Tech Summit for NBA athletes to learn and connect with leading figures in the tech and business sector to help promote more financial education in relation to investing. Andre Iguodala is truly exemplifying what it means to be a frugal athlete.
Iguodala credits surrounding himself with the right veterans and teammates, asking the right questions, and educating himself as reasons to why he’s been able to be successful both on and off the court. Rudy Cline-Thomas his business partner says, it’s about giving him as many opportunities when he is done playing as possible. These are very good tidbits to have because as an athlete once you retire you tend to lose your purpose. Many athletes struggle with finding another identity to latch on to. Andre has positioned himself both financially and career wise that he will always continue to grow and learn and keep himself engaged.