Team Frugal: Baron Davis
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.
Baron Davis played in the NBA for over 10 years. He was a first round pick and all star. He had an estimated career earnings of over 140 million dollars. Not every athlete will be as fortunate as Baron Davis, but many people in Baron Davis’ same situation have squandered their financial blessings. Baron Davis has used his earnings and resources to build his own conglomerate.
Davis manages Baron Davis Enterprises which holds a number of companies within the portfolio. His businesses range from media to production to commerce to sports and tech. The Black Santa Company, Slic, and No Label are some companies that he has founded. Baron Davis is also a producer and analyst working with partners such as Youtube, Netflix, ESPN and TNT.
Baron Davis credits Linkedin as one of the catapults for him building his resources and relationships. In an interview with Bleacher Report, he acknowledges that Linkedin helped him re connect with old business partners and find new friends that held similar interests that weren’t of the same mold as the ones he met at various business seminars.
“An idle mind is a the devil’s workplace”, Athletes post retirement get bored when they have nothing to do. They aren’t on schedule and left with a whole lot of money and lots of time on their hands. This is a contributing factor to why professional athletes go bankrupt within 3 years of retirement according to various reports.
Baron Davis made sure to avoid that path. He was active and aggressive in hopes to feed his entrepreneurial hunger. Baron Davis is a great example of the exact traits you need to be A Frugal Athlete.