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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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Lifestyle

Elaine Welteroth and Jonathan Singletary welcomed their second child

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Elaine Welteroth, Jonathan Singletary, Elaine Welteroth has baby, Black famous mothers, Black mothers, Black maternal health, birthFUND, theGrio.com

Elaine Welteroth has a brand recent bundle of joy!

The 37-year-old media personality and founding father of birthFUND welcomed her second child, a son named SantiGold, together with her husband, musician Jonathan Singletary, in early November.

While Welteroth said People Magazine that she and her growing family are “healthy and happy” – she admitted that she has been affected by sleep problems since welcoming the most recent member of the family.

“I’m not sure my brain is working at full speed,” she told the web site. “I’m sleep-deprived, but I’m fine, I’m fine.”

Recalling the precise day she went into labor, she stated that she just knew it was the day.

“His birth was largely orchestrated by God,” she explained. “I just instinctively said, ‘I’m going to send my kid to school, and when he comes home, he’ll have a little brother.'”

In addition to her general spidey senses, Welteroth had an impulse to be outdoors, so she went to the park.

“The moment I sat down on the grass, I felt the first contraction,” she said. “I assumed, ‘Let’s go, honey.’ “It’s happening.”

Still, there was no immediate sense of urgency for the young mother of two, even stopping to do some Reiki within the park together with her midwife. Shortly thereafter, she returned home for what she described because the “most beautiful” and “peaceful” home birth. SantiGold’s peaceful delivery could also be a part of the inspiration behind his name, which she said means “peace” in Thai.

“I think you’re more confident in the process the second time around,” she noted, adding, “You can trust the method more. The baby was born inside three hours, I could not consider it.

Welteroth, who welcomed her first child, a boy, together with her husband in April 2022, has long touted her second pregnancy as a “redemptive pregnancy.” Its first stage was marked by complications and anxiety. Halfway through, after learning concerning the full scope of the Black mother’s health crisis, she began working with a midwife and decided to have a house birth. She also learned what number of families couldn’t afford the life-saving care of midwives and doulas, which led her to launch the FUND birth fund earlier this yr.

Elaine Welteroth shares her pain story in Advil's 'Believe My Pain' campaign

It was through the organization’s official opening that she learned she was pregnant together with her second child, announcing the primary group of beneficiaries. Now her organization is preparing to reward 41 more families.

“I started with the mantra: ‘We are the ones who have to save ourselves,’” she said. “I’m just very, very proud of our team and that we can help women and families, especially in this moment when we see how the system is failing families. I am truly encouraged and hopeful.”

This article was originally published on : thegrio.com
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The ultimate Black-owned gift guide for Divine 9 members

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When it involves honoring the wealthy legacy of the Divine Nine, selecting the proper gift is about greater than just aesthetics – it’s about celebrating the history, culture and unwavering bonds of Black Greek letter organizations. Whether it’s Founders’ Day, inheritance ceremonyor just to point out like to a valued senior or fraternity brother, a meaningful gift reflects the pride, strength and purpose these organizations embody.

From stylish accessories to memorabilia that captures the essence of those organizations, these Black-owned brands can assist you to honor the spirit of service and sisterhood – or brotherhood – that outline the Divine Nine experience.

Truth 2 Code

(Photo: True 2 The Code)

Truth 2 Code offers a variety of fashionable accessories for members of the Divine Nine. Adding street style to classic Greek pieces, the True 2 Greek collection allows members to point out off their letters and private style.

Estelle coloured glass

(Photo: Estelle Colored Glass)

Although they might not be sold as a Greek seller, Estelle coloured glass prepares amazing gifts for members of Greek literary organizations. With a wide selection of coloured glassware designs, consider giving your favorite soror or fraternity brother a set of glasses of their organization’s colours.

(*9*)

DVN

(Photo: DVN)

DVN is a Greek clothing brand that hopes to redefine traditional Greek accessories by offering designs that completely fit people’s on a regular basis style. Founded by Danielle Render, a member of Delta Sigma Theta Sorority, Inc., DVN combines progressive design and meticulous craftsmanship to create jackets, necklaces and custom pieces that allow all D9 members to “represent their affiliations with confidence and authenticity.”

Vontélle Divine glasses collection

(Photo: Vontélle)

Designed for us, Vontélle is a Black woman-owned eyewear brand offering optical frames and sunglasses that complement Black facial expression. Vontélle “Divine” Collection combines the brand’s mission to create better-fitting, vibrant, fashion-forward styles with colours and patterns inspired by historically black sororities and sororities.

Betty Plus promotion

For over 30 years Betty Plus promotion, Black, a family business, is a one-stop shop for Greek accessories, clothing and custom embroidery. Offering deals for every Divine 9 organization, Betty’s Promo Plus offers collections of transition gifts, holiday gifts and more.

Fashionably Greek

(Photo: Fashionably Greek)

Fashionably Greek provides a various range of trendy and customizable clothing options, offering clothes and niknaks for all D9 sororities and choose fraternities (Kappa Alpha Psi and Omega Psi Phi). Its products are perfect for any occasion, from homecoming to social events and even to the office.

University nativity scene

University nativity scene is certainly one of the biggest Greek accessories stores. This Black family-owned business offers a big selection of merchandise for each D9 and non-D9 Black Greek organizations. Customers can shop online or visit a store near Tennessee State University in person.

Macy’s Divine Nine Fraternity and Sorority Collections

(Photo courtesy of Macy’s)

Macy’s Divine Nine Brotherhood collection AND Kasper Sorority Collection pay tribute to the National Pan-Hellenic Council (NPHC) organizations by offering men’s and girls’s clothing that highlights the distinct colours of every organization. These business-style garments are perfect for members to subtly have fun their affiliation at work events and/or branch meetings.

Black-owned brands will be able to shop from Oprah's 2024 favorites list

This article was originally published on : thegrio.com
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Lifestyle

Why Denzel Washington quit drinking at 60

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Denzel Washington, alcohol use, sobriety, drug abuse, Gladiator II, Denzel Washington retiring, theGrio.com

Denzel Washington has been sober for nearly a decade, but he had one particular vice: wine.(*60*)

In a brand new profile, the 69-year-old actor talks about his history with wine, drugs like LSD and growing up in New York within the Seventies. Esquire magazine..(*60*)

“Wine is very difficult,” he warned. “It’s very slow… It’s not like boom.”(*60*)

He explained that, unlike harder substances, he had “the perfect idea for wine tasting and so on – and that’s how it was in the beginning.”(*60*)

“And this is a very subtle thing,” he added.(*60*)

Washington said his habit really took off in 1999, when he built a house with a ten-thousand-bottle wine cellar and “learned to drink the best of it.”(*60*)

He added: “My passion was wine, and now I was pouring $4,000 bottles just because it was left.”(*60*)

The “Gladiator II” star eventually developed an intake management system; he frequently ordered the 2 best bottles of wine available at his favorite liquor store.(*60*)

“And my wife says, ‘Why do you only order two?’ I said, “Because if I order more, I’ll drink more.” So I limited it to 2 bottles and drank each in the course of the day,” he told the publication.(*60*)

Even though she drinks wine day by day, the “Equalizer 3” star said she never drank alcohol while working or preparing for a task, even while filming “Flight,” which tells the story of an alcoholic pilot.(*60*)

“I would clean up and go back to work – I could do both,” he said. “Regardless of the months of shooting, bang, it is time to wrap up. And then boom. Three months of wine and time to get back to work.(*60*)

The actor admitted that when he was younger, it was easier to take care of this pattern.(*60*)

“Two months off and we’re going. But the drinking was a fifteen-year pattern. And truth be told, it didn’t start in 1999. It began earlier,” he explained.(*60*)

Washington, who was born and raised in Mount Vernon, New York, described what it was like growing up there within the late Seventies. Spending time on projects with individuals who exposed him to heroin, cocaine, hard alcohol and more, he admits that he experimented but personally “never got hooked on it.” (*60*)

In fact, much of those formative years experiences were passed on to a few of Washington’s best and most complex figures. Still, he said, “I am unable to consider a single role where I said, ‘Man, that is me.’ Completely me? No, no.(*60*)

Since he quit drinking, he appears like “everything is opening up to him.”(*60*)

Will one of Denzel Washington's last films be

“It’s like you’re seventy,” he said. “This is real. And it’s okay. This is the last chapter – if I get one other thirty, what do I would like to do? My mother lived to be ninety-seven.(*60*)

The husband and father of 4 also pays more attention to fitness today, due to Lenny Kravitz, who introduced him to his trainer.(*60*)

“I’m doing everything I can,” he said.(*60*)

As he noted in the course of the “Gladiator II” press session, he’s also enthusiastic about upcoming projects which will become his last – and yes, they include two more “Equalizer” movies.(*60*)

“People love these daggone ‘Equalizers,'” he said. (*60*)

This article was originally published on : thegrio.com
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