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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.

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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.

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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.

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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.

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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.

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This article was originally published on : theconversation.com
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Lifestyle

NY Public Schools inform Trump’s administration that they will not comply with the DEI order

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New York state officials told Trump’s administration that they would not comply with her ending demands apprenticeships of diversity, justice and inclusion In public schools, despite the threat of administration related to the termination of financing of federal education.

Daniel Morton-Bentley, adviser and deputy commissioner of the Department of Education of State, said in a letter with the Department of Education dated Friday that officials do not think that the Federal Agency is entitled to make such demands.

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“We understand that the current administration is trying to censor everything he considers” diversity, justice and inclusion, “he wrote. “But there are not any federal or state regulations prohibiting the principles of Dei.”

Morton-Bentley also wrote that state officials were “unaware” of any authority whose Federal Education Department must demand that states agree with the interpretation of court decisions or completing financing with out a formal administrative process.

The United States Education Department did not immediately reply to the request for a message e -mail for commentary.

Trump administration on Thursday I ordered K-12 schools nationwide for certification Within 10 days, wherein they observe federal regulations regarding civil rights and ending all discriminating practices of Dei as a condition for receiving federal money. Federal financing accounts for about 6% of complete financing for schools in New York K-12.

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“Federal financial assistance is a privilege, not a law,” said Craig Trainor, who’s the assistant secretary for civil rights, in an announcement when the application was submitted. He said that many faculties had their legal obligations, “including using Dei programs to discriminate against one group of Americans to favor another.”

The demand for certification asked the leaders of states and schools to sign “reminders of legal obligations”, recognizing their federal money, compliance with federal regulations regarding civil rights was made. It also requires compliance with several pages of legal evaluation written by the administration.

The demand specifically threatens the financing of the title and, which sends billions of dollars a yr to American schools and is addressed to low income areas.

Morton-Bentley wrote that the Department of State Education at again and again certified the Federal Government, that it complies with the title of VI of the Civil Rights Act of 1964, recently in January. He said that the Federal Department rests his demands at the end of Dei programs on an incorrect legal interpretation.

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“Considering the fact that you are already in possession of the warranty by Nysed, that he has it and will be consistent with title VI, no further certificate will be available,” he wrote.

No country has completed income taxes since 1980. These two states can change this

He also said that the administration position is a “sudden shift” from the first Trump administration, citing comments in 2020, the secretary of education of Betsy Devos, that diversity and inclusion were “the cornerstone of high organizational results”. He wrote that the administration did not explain why it modified its position.

Critics of certification demands stated that that is contrary to Trump’s promise to return education to colleges and countries.

The threat of economic sanctions is comparable to those that the Trump administration was Use against the university Trying to interrupt down protests against Israel, which he considers anti -Semitic.

The New York state similarly refused to comply with the Trump administration request to shut the mass transit financing program in New York with high automobile fees that go to Manhattan.

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This article was originally published on : thegrio.com
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8 books that help maintain mental health

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Mental health is a vital aspect of health, but in the case of taking good care of the black community, there’s a niche. When he’s healthy, 40% of white Americans reap the benefits of psychiatric care When they need it in comparison with only 25% of black Americans. This gap is commonly related to system barriers, a stigma surrounding mental health and an absence of varied suppliers.

Pay attention and awareness in regards to the problems of mental health, Black company He gathered eight books that can help in education, manage and overcome mental health problems experienced within the black community. These resources provide necessary invaluable information on the struggle for mental health and easy methods to search for psychiatric care.

1)

Published in January 2022, the work of Tricia Hersey is concentrated on worked culture and calls on rest as a revolutionary type of self -care. According to Hersey, people must stop and recognize that rest is obligatory for us as units and a collective. Hersey assumes that we must always not buy social narrative, that only performance is vital.

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2)

The breakthrough work of Sonyi Renee Taylor 2018 on the positivity of the body requires readers to rethink the norms of body image, and Taylor inspires his audience to radical love for self -feeling and liberation.

3)

Oprah Winfrey and Dr. Bruce Perry’s was published in April 2021. A mix of private stories and experts, ITOJ book SA fin finance, how trauma can influence our lives disproportionately and the way we will treat and develop into resistant as a consequence of sympathetic strategies.

4)

Viola Davis 2022 A memory, a journey of immunity through personal and skilled challenges, presents a beloved actress sharing the story of discovering herself, perseverance and mental well -being with harsh honesty, while learning to have her story in an inspiring way.

5)

The book by Dr. Rheedy Walker 2020 provides a deep study of specific problems affecting the black community. Readers will discover psychological and emotional problems and learn the way these issues affect good existence, relationships and quality of life. They may even gain real psychological strategies in the sector of stress management and easy methods to move on an unjust psychiatric care system with the talents of trust and spokes.

6)

The book Nedra Glover Tawwab 2021 provides readers tools they need to ascertain borders and regain their self -esteem. Tawwab is shared by tangible guidelines on how people can properly convey boundaries and deal with their mental health to have higher relationships and greater self -esteem.

(*8*)

7)

Written by Aaren Snyder was published in April 2020, it’s a really needed work specializing in mental health problems, which particularly affect black people. The book accommodates invaluable information and suggestions, but additionally discusses the fundamental causes, ways of coping and the treatment process within the black community.

8)

Convincing examination of hard truths, that are first published in 2008. Williams reveals hidden emotional truths and calls for the very obligatory conversations regarding identification and helping such compassion problems.

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This article was originally published on : www.blackenterprise.com
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Sheryl Lee Ralph is blown to find out that she is associated with Samuel L. Jackson

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Sheryl Lee Ralph may have an invite to the subsequent Family Congress Jackson. As it turns out, the actress has long been a distant cousin of one other actor Samuel L. Jackson.

While last yr it was revealed that the 76-year-old actor is actually associated with the Jackson family, like Michael and Janet, the famous family blood line doesn’t end with this. In the PBS episode of April 1 “”Finding your roots“The 68-year-old actress is literally literally affected to find out about her relationship with the star of the” Piano Lesson “.

“Finding your roots”, host and historian Henry Louis Gates, Jr. He explained that two actors are distant cousins ​​because they divide “a long section of DNA on their 16 chromosomes”, which suggests “they have a common ancestor somewhere in their family trees.”

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When Ralph realized who the historian was talking about, she burst out laughing and said: “Are you kidding me?! I like him so much!”

She added that Jackson all the time reminded her of her brother Timothy, “I don’t know why for any reason.”

Before the episode wraps the star “Abbott Elements” Pantommes her mind is blown up in response to the message.

The message is particularly interesting since it appears only a couple of months after Janet Jackson confirmed that the rumors surrounding her famous distant cousins ​​were true. During the BBC radio interview in August, the singer revealed that she was distant with Jackson, Tracy Chapman and Stevie Wonder on the mother’s side.

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“Few people know it,” she said.

Elsewhere within the episode, Ralph also learns that she has come from at the very least two generations of people that were free from slavery before the Civil War, including a person named George Thomas Ralph. The message almost takes her breathtaking and makes her emotional before she thank God and “Skip” (nicknamed Gates Jr.) for clarifying her family history.

“It doesn’t surprise me,” she said. “When I look at my family as far as I can, I always see how they have something. I always see how they strive for something. I always see how they work.”

She added that others noticing her family all the time said things in admiration: “This Ralph family.”

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Levar Burton discovers unexpected connections with his alien Father

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This article was originally published on : thegrio.com
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