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Ep. 1: Impacting off the field - Driving financial literacy in the sports ecosystem with Amobi Okugo
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Guest: Amobi Okugo - Former MLS player turned Business and Financial Literacy Guru
Hosts: Matilda Sung and Sam Li, General Partners at Ludis Capital
The need for athletes to think and plan judiciously around their finances throughout their careers is critical. But unfortunately that isn’t always the case. 78% of professional athletes go broke after 3 years of retirement. Inspired by ESPN's 30 for 30 Broke Documentary and what he saw missing in the broader sports ecosystem, Amobi Okugo stepped in to disrupt how financial literacy would be introduced, taught, and practiced across athletes.
In this episode we talk about
- Amobi’s story and journey from the MLS to financial literacy guru today
- Financial Literacy, what is it? Why is it important? How is it different for athletes?
- Achieving athlete literacy - starting at the collegiate level
- How college athletes should navigate NIL today
- Investment areas and new trends that are exciting to Amobi
- Top 3 things a young athlete needs to do today to get financial literacy
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