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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

Missed a black girl’s day off? On December 2, celebrate National Black Women’s Day of Rest

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National Day of Rest for Black women, Black women rest, What is Black women day of rest? When is National Day of Rest for Black women? theGrio.com

If you are a Black woman and also you missed Black Girl Day Off on October 11, don’t be concerned – your next likelihood to unwind is just across the corner. It’s December 2, 2024 National Black Women’s Day of Resta day where the priority is the peace, joy and restoration that we so richly deserve. This is one other beautiful reminder that we deserve rest every day and in every way.

It’s no secret that for Black women, rest is each restorative and revolutionary. In a society that too often demands strength from us but neglects our humanity, the choice to rest is an act of resistance. It’s saying “no” to systems that usually exploit our labor and “yes” to our own peace and prosperity.

Movements like Black Girl Day Off and Ministry of Snoozing they showed us how vital rest is – not just for our bodies, but additionally for our souls. They remind us that the relentless pace of life is unsustainable, especially for Black women who’re so often expected to hold the burden of the world. National Day of Rest builds on this legacy, offering us one other moment to interrupt the hamster wheel of expectation and enter a space of renewal.

What higher time to do that than after Thanksgiving? Whether you spend the vacations giving like to family and friends – cooking, hosting, managing (and let’s be honest, mediating), December 2 is your likelihood to flip the script and let the gratitude flow inward. This day is about aside for giving thanks – for all that you simply do and for the straightforward proven fact that you deserve rest just because you exist.

If Black Girl Day Off was the exhale you didn’t know you needed, think of National Day of Rest as a second deep breath. So sister, put all of it aside and find rest in your individual way.

  • Plan ahead: Inform your boss, co-workers, clients and family members that you simply intend to celebrate the National Day of Rest. If possible, delegate responsibilities or reschedule responsibilities.
  • Disconnect to reconnect: Turn off notifications, sign off of social media and permit yourself to be unreachable.
  • Give yourself over to what makes you joyful: This might mean sleeping in, reading your favorite book, dancing to a feel-good playlist, spending time with friends, or simply sitting in silence. Whatever it’s, make it holy.

Black women have at all times been those to indicate up – in our families, our communities, and our workplaces. But because the saying goes, you possibly can’t pour from an empty cup. The National Day of Rest reminds us that our well-being is as vital as all the things we give to the world. In fact, it’s the idea of all the things.

Whether you missed Black Girl Day Off otherwise you’re itching to double up, December 2 is your day to take back what’s yours. Take a nap. Light a candle. Cancel plans. Rest shouldn’t be selfish; it’s essential.

And if anyone asks, tell them, “It’s National Black Women’s Day of Rest – I’m coming.”

'Unheard': Black women speak openly about mental health


This article was originally published on : thegrio.com
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Wendy Williams is “permanently disabled” after an ongoing battle with dementia

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Wendy Williams, Wendy Williams dementia, Wendy Williams health, Who is Wendy Williams

New information has emerged in regards to the health of former television personality Wendy Williams. Williams’ legal guardian, Sabrina Morrissey, recently revealed that the star is now “permanently incapacitated” in line with latest court filings. in line with The Independent.

“(Wendy Williams is) an accomplished artist who tragically suffered from early-onset dementia, which left her with cognitive loss and permanent incapacitation,” the filing reads.

Earlier this 12 months, Lifetime released the documentary “Where is Wendy Williams?”, which gave fans a never-before-seen look into the previous talk show host’s life since she stepped out of the highlight. In addition to details about her whereabouts, the two-part documentary detailed Williams’ health. Shortly before the documentary’s release, Williams’ team revealed that after “several medical tests” in 2023, the star was diagnosed with primary progressive aphasia and frontotemporal dementia.

Concerns about Williams’ health began to escalate in 2021 when she took a break from hosting her eponymous talk show to deal with her battle with Graves’ disease. The show, which ran for 13 seasons over 14 years, was ultimately canceled in 2022 after a gaggle of guest hosts filled Williams’ iconic purple chair during its final season since the star never returned to the series.

“This blatant abuse of a defenseless woman with a serious medical condition, loved by millions in the African-American community and beyond, is disgusting and cannot be allowed,” reads the document, which notes that Williams was “unable” to consent to the contract from A&E Networks.

Although the legal guardian’s request to stop the film’s release was denied, Williams’ case against the tv stations was transferred to the New York Supreme Court in October. Earlier this month, the star’s legal team filed a motion to summon a jury for the trial.

Wendy Williams was diagnosed with dementia and aphasia

This article was originally published on : thegrio.com
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The stunning 72-year-old Atlanta fitness guru is wowing the internet with her stunning figure and helping others transform

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The 72-year-old fitness influencer doesn’t let age slow her down. EllenEctor, The Atlanta-based mother of 5 and grandmother of 4 still has a body that is mind-boggling.

Her inspiring transformation began at age 40, when she saw a photograph of herself showing only her butt and insides, she told the talk show host Sherri. “I just didn’t like the way I looked.”

After 20 years in social work, Ector quit her job in 2009 and began exercising. She eventually opened Gymnetics Fitness and launched a training system called Aging Blackwards. But her goal wasn’t simply to draw attention. Ector has a deeper mission: to interrupt down the barriers that prevent black women from exercising frequently.

Fitness influencer Ellen Ector. (Photo: Instagram/Ellenectorfit)

“The reason we took this bold step was because the fitness industry had completely forgotten about African-American women,” Ector said in an interview The Black Doctor. “You don’t see our faces on fitness DVDs, you don’t see our faces on magazine covers, so we wanted to create something for us, for real women.”

Half of Americans don’t meet the national advice of 150 minutes per week of moderate-to-vigorous exercise. But for African American women, the statistics are much more disturbing, with only 34 percent meeting the national requirements, in keeping with the survey. test published in the Journal of Racial and Ethnic Disparities. Barriers to regular exercise include caregiving and job responsibilities, in addition to access to reasonably priced gyms and exercise equipment. tests found at Arizona State University.

Ector runs his mini-empire with his daughter, Lana Ector, and the duo has created workouts with these needs in mind, keeping prices reasonably priced for individuals who cannot spend money on expensive gym memberships. All home video procedures may be performed with minimal or no equipment.

“Your body is a machine!” Ector delighted. “There are no fitness models on our DVDs, just real women who want to lose weight.” The mother-daughter team also wrote a healthy eating cookbook titled “Black Girls Gone Vegan.”

Ector talks candidly about the devastating health events that motivated her to assist others. First, at the age of 62, she lost her mother to uterine cancer, and a few years later, her daughter, Leah Taylor, was diagnosed with stage 2 breast cancer at the age of 27. Leah is currently cancer free.

Black women have the lowest rate of breast cancer, yet they usually tend to die than some other race or ethnic group. Uterine cancer, which may be cured if detected early, also disproportionately affects black women, who’re twice as prone to die from the disease than other groups.

“Witnessing the effects of chemotherapy and radiotherapy unexpectedly changed my family’s life, and since then I have been more committed than ever to promoting well-being and support through our events,” she wrote on her website.

Ector never stops spreading his fitness philosophy, running 5Ks, appearing on talk shows – and looking implausible while doing it. As he goes on to say her Instagram“Being fit after the age of 50 is a vibe that starts from the inside! This GLOW is real! Not only physically, but above all mentally! Live my fit life to the fullest and grow old hard!”


This article was originally published on : atlantablackstar.com
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