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what some professional Ghanaian players told us about managing their finances

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Football players are amongst the very best paid athletes in most countries on this planet.

The sad reality, nevertheless, is that we retire experience many former professional footballers were terrible. In the sports media landscape, they were reported cases once-rich football players who went bankrupt shortly after retiring. Notable examples in Ghana include former Black Stars players Sammy Adjei, John Naawu, Joe Odoi, Prince Addu Poku and Amusa Gbadamoshie.

According to some scientists this unlucky situation is partly on account of the undeniable fact that the danger of falling right into a profession void is high. This is because, as with most sports, soccer provides skills that usually are not easily transferable to non-sporting competitions. The availability of jobs in football can also be very limited. Therefore, most football players earn very high incomes during their lively profession and face high income uncertainty after retirement.

Several of them also emphasized the life-style of football players (during lively play and after retirement). reports because the foremost reason for the financial mess some footballers got into.

Cases of irresponsible financial behavior by football players have been reported once more. Examples include gambling, spending on luxury brands, lavish parties and usually living an expensive and unsustainable lifestyle. An absence of monetary knowledge is usually related to any such financial behavior.

I’m professor accounting, who, along with others, carried out, amongst others, test to look at the extent of monetary knowledge of professional soccer players in Ghana and determine its impact on their financial behavior and financial situation.

We found a low level of monetary knowledge and poor financial behavior amongst football players. The results suggest that with a view to promote responsible financial behavior amongst soccer players, it’s crucial to extend their financial knowledge. We found very strong support for the argument that responsible financial behavior, replaced on this study by saving and investing behavior, is the important thing to achieving financial wellness in life.

Study design

Financial literacy has been described as the power to make use of the mandatory knowledge and skills to effectively manage one’s financial resources to enhance future well-being.

On the opposite hand, financial behavior might be described as “the ability to regulate planning, budgeting, checking, managing, controlling, retrieving and storing daily funds.” It covers spending and saving habits, borrowing patterns, budgeting and access to financial products.

We used questionnaires to survey 300 players who competed within the 2020 Ghana Premier League.

The questionnaire consisted of two parts: one dedicated to demographic details of respondents; the opposite about their financial knowledge, financial behavior and financial health.

Currently, the Ghana Premier League has 18 registered clubs. At the time of the study, these clubs employed 480 registered players. Compared to clubs in Europe, England, Asia and even many other parts of Africa, the online value of Ghanaian clubs may be very high Short. Revenues from international transfers – a very important source of funding for many Ghanaian clubs – have been very low through the years. For example, the Federation of International Association Football Associations (FIFA) in its 2021 report on international transfers recorded that over the past decade, Ghanaian football clubs have collectively made a net profit of just $50 million.

Football players’ finances

Our study showed that the soccer player population was largely young. Almost 90% were 30 years old or younger, much like footballers in other countries. This is to be expected as footballers are most lively during the perfect years of their careers. About 86% had some type of education, mostly as much as highschool level. Most respondents were married, and nearly 58% of them had at the least three dependents outside their family unit. Thus, most footballers provided care to their families, although 39% said they lived with their parents or friends. The average monthly net income of those footballers was GHS 2,000 ($177 on the time of the study), which is low in comparison with other professionals.

Overall, we found that soccer players had a low level of monetary literacy. They rated setting long-term goals highly, but their interest in searching for financial knowledge was very low. Not surprisingly, most players seemed unsure about how their money was being spent.

We found that football players generally didn’t show responsible financial behavior. Very few were all in favour of products equivalent to bonds, stocks, mutual funds and insurance policies. However, they seemed conscientious in comparing prices when purchasing a services or products in the shop.

Interestingly, the players were optimistic about their financial situation. Most respondents were confident in their ability to satisfy their current financial needs, had a really positive view of their future financial needs, and made decisions to enjoy life. The average footballer all the time hopes to get lucrative contracts in the longer term.

Better performance

Efforts to enhance your soccer players’ financial situation can start by investing in training programs that may help them gain financial literacy. Secondly, football clubs can engage financial coaches to supply players with practical guidance during their lively playing days to assist shape their financial behaviour.

Given that financial prosperity is near related with mental well-being, such initiatives could have a positive impact on players’ performance on the pitch.

This article was originally published on : theconversation.com
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After second defeat for Model of the Year, Anok Yai tells British Fashion Council: ‘I don’t want it anymore’, sparking debate

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When Anok Yai was photographed in “The Yard” at Howard University’s 2017 homecoming ceremony, a fashion star was born. After agents began clamoring to find the identity of the then 19-year-old beauty and competing to sign her, Yai became a global sensation; inside the first six months of her profession, she became the first Sudanese model and the second black model, after Naomi Campbell, to open a Prada fashion show. In the seven years since then, covers and accolades have flown steadily, including her first American Vogue cover in 2020, which led to Yai being hailed as one of this generation’s “best.”New supers” — as in supermodels — via Models.com, who awarded her the title of “Model of the Year – Woman” in 2023.

Although Yai has enjoyed success on runways around the world, one accolade has eluded her, and now she says she now not wants it. On Monday as host of the British Fashion Council Fashion Awards 2024Yai was nominated again for the council’s Model of the Year award, her second nomination in as a few years. This is the second time Yai has been omitted from this honor, which recognizes “the global influence of a model who has dominated the industry over the past 12 months,” the organization explains. “With influence that extends beyond the runway, the Model of the Year has made an outstanding contribution to the industry, earning numerous editorial and advertising campaigns throughout the year.”

After losing in 2023 to Paloma Elsesser, the first full-size model to win the award, this 12 months the honor once more passed to Alex Consani, the first transgender winner in the award’s history. Heartily congratulating my friend and colleague from the industry on her groundbreaking achievement partially decided by audience votesYai didn’t hassle hiding her disappointment.

“Alex, I love you and I’m so proud of you,” she wrote X, early Tuesday morningadding: “British Fashion Council, thank you, but I don’t want it anymore.”

How Some she accused Yai of having sour grapes over her subsequent losses, others, etc Teen Vogue editor Aiyana Ishmael, they argue that the model’s disillusionment and self-defense should simply be considered a mirrored image of her humanity.

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“When we ask ourselves why we want Yai to accept her loss calmly, we must also ask ourselves if this is a response to society’s expectations for Black women,” Ishmael wrote, quoting writer and executive coach Janice Sutherland comment on stereotypes that deal with the “perceived strength and resilience” of Black women. “While these characteristics are undoubtedly empowering, they should not be used as a reason to deny Black women space to express vulnerability, pursue changing aspirations, or seek the support they need without judgment,” notes Sutherland.

“I remember in 2019 when a photographer called me a cockroach,” she said already deleted thread on X. Feeling unable to react while others on set treated the insult as a joke, Yai recalled feeling as if “I can not react the way I want because ultimately I’m young, I’m alone, I’m black… whatever I do , will impact me, my family and other black models.”

With this in mind, Yai’s disappointment at not being recognized for her achievements can simply be taken literally, relatively than interpreted as an try and undermine the achievements of Consani, the winner of Model of the Year. Yai said the same thing second postwriting: “If you saw the effort Alex put in; You’ll understand how proud I’m of her. But Alex may be proud and I may be exhausted at the same time. “It doesn’t diminish how much we love each other.”

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As a member of a marginalized community, Consani undoubtedly empathizes. Actually, she she used her acceptance speech on Monday night to thank “black trans women who have truly fought for the space I am in today” and to thank “Dominique Jackson, Connie Fleming, Aaron Rose Phillips and many others” for enabling her own rise in the industry.

“Now, more than ever, there needs to be an important conversation about how to truly support and uplift each other in this industry, especially those who have been treated as nonessential,” Consani continued. “Because change is more than possible, it is necessary.”

Change is slowly but surely happening, as evidenced by the strong black representation amongst this 12 months’s Fashion Award winners. Winning designers included Grace Wales Bonner (British menswear designer) and Priya Ahluwalia (New establishment menswear), while special awards went to A$AP Rocky (BFC cultural innovator) and Issa Rae (Pandora change leader). Photographer Tyler Mitchell also received recognition, winning the Isabella Blow Award for fashion creator.

As for Yai, she may now not seek approval from the British Fashion Council, but she need look no further than The Yard to search out it. The supermodel returned to the spot where she was found during Howard’s 2024 “Yardfest” Homecoming celebration, much to the delight of students in attendance.

“I’m a black trans woman and there’s not a lot of representation,” McKenzie Cooper-Moore, a junior marketing major and emerging model, told Howard’s newspaper: Hill. “She is one of the top models today, she is a black woman and she or he is uncompromisingly black. That’s really cool. I actually admire her.


This article was originally published on : thegrio.com
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Prince Harry downplays divorce rumors as he discusses the public’s fascination with his marriage to Meghan Markle

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Surprise – Meghan Markle and Prince Harry usually are not attached at the hip. Recently, the Duke and Duchess of Sussex have made separate public appearances.

This week, Markle made a rare solo appearance at the Paley Honors fall gala in Los Angeles to support the godfather of the couple’s daughter, Princess Lilibet, Tyler Perry, who was honored that evening. Meanwhile, on the East Coast, Prince Harry appeared at the New York Times’ DealBook Summit 2024, where he spoke about his fascination with the society surrounding his relationship.

During the conversation, moderator Andrew Ross Sorkin asked Prince Harry how he deals with the constant attention on every thing he and his wife do, noting that articles about the couple’s separate appearances on each coasts have been circulating throughout the Internet.

“Is this normal for you? When the article comes out – she’s in California, you’re in New York – they say, “Well, what’s going on with these two, right?” In a way, is it good that he is so interested in you?” – Sorkin asked.

“No, this is certainly not a great thing. Apparently we now have bought or moved home 10 (or) 12 times. Apparently we have been divorced perhaps 10 (or) 12 times. So it’s just an issue of, “What?” – Prince Harry replied, laughing.

As the youngest child of Princess Diana and King Charles, the Duke of Sussex is not any stranger to life in the highlight. Having seen how the excessive media attention directly affected his mother and even played a task in her death in 1997, Prince Harry noticed how life in the public eye modified his relationship with the press.

“I have been experiencing something of life since I was a child. I have seen stories written about me that were not entirely based on reality. I saw stories about my family members, friends, strangers and all sorts of people,” he explained. “And I think when you grow up in that environment, you start to question the validity of the information, but also what other people think about it and how dangerous it can be over time.”

Ultimately, Prince Harry said he ignores false narratives online because he expects the media and social media trolls to twist and twist his words at any time.

I feel sorry for the trolls the most,” he continued. “Their hopes just get built and built they usually say, ‘Yes, yes, yes, yes, yes,’ after which it doesn’t occur. That’s why I feel sorry for them. Really.

“The Duke and Duchess have now developed as individuals – not just as a couple,” a royal source explained. according to People magazine. “The Duke seems focused on his patronage work and the Duchess seems focused on her entrepreneurship.”

Meghan Markle and Prince Harry help Tyler Perry celebrate his birthday

This article was originally published on : thegrio.com
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Nia Long and Larenz Tate Have the ‘Love Jones’ Reunion We’ve Been Waiting For, But There’s an Elephant in the Room

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Those of us who’ve been waiting to seek out out whether Nina Mosley and Darius Lovehall, the black and sexy leads of the 1997 cult romantic comedy “Love Jones,” ended up together will finally get our wish this holiday season. Leading actors Nia Long and Larenz Tate – still black and still hot, we’d add – teamed up for Walmart’s “Love Jones”-themed holiday ad, featuring variations Dionne Farris’ now iconic song “Hopeless” as the opening soundtrack.

In the Walmart Holiday x Love Jones spot titled “Give a Gift That Shows You Get It,” the gift-giving begins early when Nina (Nia) finds a Walmart box on the steps of her house and unwraps it to seek out a record player. Confirming that the gift is indeed from him, Darius (Larenz) repeats certainly one of his lines from the hit movie in which he asks, “Do you mind if I play something for you?”

Whether the poet Darius (Larenz) remains to be attempting to be “the blue in (Nina’s) left thigh… trying to become the funk in (her) right” stays unknown, but nostalgia hits when the two start dancing to the Isley Brothers classic: ” Stay in the groove with you, part 1.” To ensure this moment doesn’t go undocumented, a young woman, presumably the daughter of the fictional couple, appears at the door to capture the moment on camera, clearly taking a cue from her photographer mother, Nina. It’s an uplifting return to a black cinema classic that a lot of us would love to revisit in the era of sequels.

That said, the elephant in the otherwise romantic room is Walmart. The big-box retailer dampened a number of holiday spirit this yr with its post-election announcement that it was “phasing out” most of its DEI initiatives, which is essentially being interpreted as a preview of comparable industry policies to return under the incoming Trump administration. Among the now abandoned initiatives are a $100 million racial equity center launched in 2020 in response to the police killing of George Floyd, in addition to prioritizing 51% of BIPOC, LGBTQ, veterans and women products. – reported the Houston Herald..

“It’s after the DEI programs end that the marketing department will definitely (know) how to change the narrative,” commented one YouTube viewer. “This ad won’t let me forget that Walmart discontinued all DEI efforts,” one other commenter said.

Walmart clearly still sees value in attracting black consumers, as evidenced by the Gen X-friendly spot starring Tate and Long (notably, the spot was produced likely months before the election and subsequent DEI rollback). The company was sensible to think about our annual purchasing power it’s estimated to eclipse $1 trillion by 2030, in response to McKinsey & Co.

“Serving Black consumers can help brands better serve customers, especially as the country’s increasingly diverse demographics continue to grow,” said Shelley Stewart III, McKinsey senior partner and global leader for repute and engagement.

To that end, while many viewers welcome the return of Darius and Nina (some have even called for an official, if long overdue, sequel), the dichotomy between promotion and Walmart practice has not gone unnoticed.

“Walmart needs to rethink its DEI policies,” a YouTube commentator said. “We play it in our faces, using characters and actors we love!”

Kerry Washington is celebrating a

This article was originally published on : thegrio.com
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