Koko Archibong

04/27/2020

When I think about financial literacy, the thing that I usually talk to people about is that it's really simply understanding how money works, so that you can start to have it work for you! The desire for this understanding also makes you a good steward of your blessings.
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Financial literacy is made up of all the different functional areas that are covered in this picture, and we're going to dive deeper into them on an individual basis, but first and foremost, it's just understanding the mindset of wealth planning and it's importance that I think is FUNDAMENTAL to grasp.
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Many people regardless of age, race, creed or orientation don't have this skill-set because it's not something that we were taught necessarily in school, or that is talked about in our home life for most communities. So it is of the utmost importance that we recognize that it is a necessary skill - hence "recognizing the game" - and recognizing that it's possible for you to obtain it!
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What parts of this picture do you think I should dive deeper into first? I’m here for you.

Let’s be motivated by getting money smart! 💰💵🔑

04/20/2020

A lot of people have been reaching out to me asking for finance advice during the Covid-19 crisis, and as a private wealth advisor with all the knowledge and expertise that I'm around on a daily basis at Capital group I thought it fitting to start sharing guidance here on IG.
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*Shouting from the rooftop* 🗣 This moment is a really critical time for people, especially those who can NOT afford to be my client.
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So I decided that I want to stand in and help people understand what's happening and to recognize that we're in a moment in time when - The wealth Gap widens!
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Here's why:
1. Those that have means and do understand the markets and how they work are able to stand firm and take advantage of the opportunities that present themselves right now.
2. They have plans in place and understand the fundamentals of how this system works.
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As I explain this to guys, I realize that it has always been about the fundamentals!
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Fundamentals in basketball and fundamentals in finance. They're all the same. The importance of Mastery is at the core of success.
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This time in quarantine brings me back to my core fundamentals. This photo represents the pinnacle of my basketball career, making it to the Olympics in 2012. It's an amazing memory that I love to look back at and remember, but most importantly it also reminds me what feels like to live in the RESULT of mastering your craft. My basketball career taught me lessons about fundamentals and mastery that I apply daily: to my finance career & life.
As an athlete, I find that all the same values and discipline that was needed to be great in the game, also applies to financial success.
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In this olympic game I didn't have to think when I dribbled, or passed or shot or made a layup... just like my billionaire clients don't have to think "what do I do now" during a financial downturn.
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So as a former olympian and current wealth advisor, I will share with you some Finance Fundamentals that are critical to your financial success. Take note ✍🏿

03/09/2020

It was great being back at Polytechnic School. I got to sit down with students, chat about my history a bit and field some questions.

03/02/2020

How a minor league baseball player became an All-Star NBA agent. (via The Wall Street Journal)

Jason Glushon, at 34, has negotiated four professional basketball contracts worth $100 million. “If all my clients are happy, then I get to be happy.”

02/25/2020

"I think of athletes are preretirees with a very long retirement time horizon."

(via The Wall Street Journal)

Their financial advisers explain how they create portfolios suited to lucrative but short careers.

02/19/2020

‘You can be walking down the street and people are pitching you deals’; why CC Sabathia and other athletes turn to private-equity investment advisers.

(via The Wall Street Journal)

Flush with cash from rising salaries and lucrative endorsement deals, athletes are looking for opportunities to invest their money. Private-equity firms are catering to their interest in finding new investment opportunities.

02/13/2020

Loved being back at my alma mater, Polytechnic School, as part of their PolyConnect (Polytechnic School - Alumni) program! Always appreciate getting to use my story to inspire the next gen and I am always enlightened by the conversations and questions. Thank you again, Poly for the invite.

02/11/2020

“When I retired, I was comfortable,” he says. “But I don’t want to be comfortable. I want to be better.”

After a successful career in the NFL, Kabeer Gbaja-Biamila has followed a lifelong passion for careful budgeting into a new career as a Certified Financial Planner.

01/31/2020

With the right guidance, a little discipline and a solid plan in place the path to financial freedom can and should be a reality for more athletes out there.

(via ESPN)

By consistently saving 70 percent of his yearly take-home pay, Glover Quin has accumulated the necessary funds to become a private equity investor.

01/22/2020

A year ago I was able to share some parting thoughts and encouragement with the students from Central City Value High School for their Financial Literacy class. I was blown away by the progress they made in just a few short weeks! I was honored to be a part of hosting them at Capital Group for the day alongside colleagues and volunteer staff.

01/13/2020

"That’s why, when asked for financial advice for young athletes, he says he always tells them to “put away 80% minimum.”

NFL star Calais Campbell of the Jacksonville Jaguars offers financial advice to young athletes, encouraging them to 'put away 80% minimum' of their salary.

01/06/2020

This father-son duo is changing how young people learn financial literacy with their company, Black Wallstreeter Consultation Services. They're impacting future generations and promoting a simple idea - start early.

(via Afrotech)

According to a 2015 report from PwC , millennials lack the financial education that they need to thrive in today’s world. The report found that over 40 percent of millennials relied heavily on costly payday loans and rent-to-own financing alternatives, and more than 20 percent made withdrawals fro...