MVP 023 - Kwaku Boateng, Athlete, Agent, Real Estate Investor

Welcome to MVP Sports Business Podcast: From Athlete to Entrepreneur with Kwaku Boateng.

In this episode, your host Courtney sits down with Kwaku, a former professional football player in the Canadian Football League turned entrepreneur, to discuss the journey of transitioning from sports to business.

They discuss the mindset of a student athlete, and the critical importance of financial literacy and real estate investment.

The Athlete's Mindset in Career Transitions

Kwaku talks about the mindset shift athletes need to have when moving into new careers, highlighting the role of continuous learning and adaptability.

Kwaku's covers his successful transition from a fifth-round draft pick to a top-paid CFL player, underlining the importance of preparation and confidence.

Balancing Athletics and Academics

The discussion reveals how Kwaku had to decide between PwC and the CFL.

Life Lessons from Football to Business

Kwaku discusses the valuable lessons learned from his family's struggles and successes, the importance of working smart (not hard), and the founding of Sacks For Racks, Kwaku's player representation agency.

A New Chapter in Sports Management

Kwaku announces his plans to transition towards a sports management group, Sacks For Racks, combining his expertise in finance with athlete representation.The conversation delves into the comprehensive support Sax Reps aims to provide athletes, from contract negotiations to financial consulting.

Mastering Personal Finance

Kwaku and Courtney discuss the critical aspects of personal finance management for athletes, stressing the importance of building a solid financial foundation and living within means.

Investing in Yourself and Real Estate

The importance of self-investment and financial planning is explored, with Kwaku sharing his approach to financial coaching and the value of investing in oneself before exploring external investment opportunities. Kwaku's personal journey into real estate investment is detailed, from buying a condo during the Covid-19 pandemic to expanding his portfolio to include multiple properties.

Real Estate as a Path to Wealth

Further discussing his real estate investment strategy, Kwaku emphasizes the long-term benefits, challenges in property management, and the importance of having a clear goal in real estate investment.