Small decisions made the biggest impact on former footballers
The 2023 Nedbank Cup campaign is built on the sentiment that small everyday choices can actually have the biggest impact on the individual’s life.
Last week, the Nedbank Cup organisers together with four former football players shares their stories to inspire others regarding the importance of small decisions with ones finances.
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In an event which was held at KONKA in Pimville, Teko Modise, Daine Klate, Stanton Fredericks and Siphiwe Tshabalala sat down to discuss the small decisions they made to get to where they are today.
According to Teko his financial mistakes which left him broke and without a plan came from not being wisely advised on how to handle money because he came from a less privileged background.
“Where I come from, I was not taught how to use money. Because I grew up in a society where people don’t know much about money and they cannot teach you on something they don’t have,” Teko explained.
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It is no secret that many of South African football players find themselves battling with their finances. They become so overwhelmed with their salaries and begin spending on things that will later leave them broke.
Fredericks said, “Most footballers fall into that trap and I’m calling it a trap because in the footballing world there are expectations put on you when you become a professional player.
“You need to drive a good car, move to the suburbs, have the girls and you put yourself under pressure.”
Professional as well as upcoming footballers need to be financially cognisant of what they do with their money. Modise and Fredericks spoke of the importance of respecting money and understanding ones affordability.
“The small change that I did was to start respecting money and realising how valuable it is. I am grateful for coach Pitso who had a sit down with me a lot of times advising me about my finances,” said Teko.
Do not live beyond your means. One cannot be paying more for their car than their house.
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“It’s important to find balance. When you work hard you need to reward yourself. But it must make sense, you need to understand your affordability,” Fredericks advised.
The 2023 Nedbank Cup campaign is built on the sentiment that small everyday choices can actually have the biggest impact on the individual’s life. This includes spending more on what you need and saving for the future.
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