Stanton Fredericks Urges Current Players Not to Spend All Their Money!
Stanton Fredericks Urges Current Players Not to Spend All Their Money! He has reiterated that they should save as much as they can.
Stanton Fredericks Urges Current Players Not to Spend All Their Money! He has reiterated that they should save as much as they can.
Stanton Fredericks has encouraged active players to be as financially savvy as possible. This is to avoid financial difficulties after they retire.
PSL players have always struggled with maintaining a healthy financial status in their lives. For years, players have retired broke, as if they did not earn huge salaries.
This is because of a lack of financial training in their lives, as majority of these players come from the townships, where there is economic deprivation, and are thrown into a situation where they earn hundreds of thousands.
“To current players, there are certain financial principles that you only learn once you’ve retired,” Fredericks said.
“If I were to advice the current players, don’t spend money you don’t have, and I think that’s the mistake most footballers make.
“They sign a professional contract and instantly assume that they will play for more than ten years, when you have only signed a two to three years contract. So, spend that money and you budget will speak to your current contract, which is a maximum of three years.”
“If I had that opportunity and had to start all over again with the knowledge that I have right now, I would live within the contract in that term.
“You cannot foresee that you will play in Europe or in the national and earn a lot of money,” he added.
The PSL introduced the PSL Transition Programme which helps footballers tackle financial intelligence. Stanton Fredericks Urges Current Players Not to Spend All Their Money!
