Team Frugal: Ryan Mundy
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.
In sports, the best players are the ones that prepare for all outcomes that may transpire over the course of a game, season, and career. They know that if they do their homework they will be better prepared for whatever can happen. How to respond to a different matchup or formation or audible is easy because of the work they put in before hand. Ryan Mundy is one athlete that's always made sure to prepare for not only what was going on the field but off of it as well. Mundy exemplifies what it means to be A Frugal Athlete.
Ryan Mundy is a champion, investor, and creator. He is the founder of Techlete Ventures and Cofounder of Swzle. During his 8 years in the NFL, Mundy was always active in creating oppurtunites that would last well after his career was over. Whether it was taking advantage of NFL executive education programs or connecting with business leaders in his interested sectors or expanding his community efforts. Mundy was able to pick up the knowledge he needed to create his own business and transition easy into the next phase of his life.
According to a Forbes article, Mundy evaluated 200 deals before he made his first investment on the advice of a partner at Google Ventures. Mundy wanted to learn the basic financial principles and made a cautious effort of not being the dumb money in a deal to halt the notion of being a reckless athlete investor.
Mundy is a great example of how important it is to do your homework and be patient. As an athlete you have the capital and ability to get into deals, but it's up to you to make sure you understand the complete spectrum before you get into a deal.