Kaizer Chiefs goalkeeper Daniel Akpeyi has shared some advice for fellow footballers on how to survive financially after their playing days to prepare for the uncertainties of the future.
Akpeyi is making some sacrifices presently in an effort to reap the rewards later and the Nigeria international said footballers should start investing in property rather than living luxurious lives.
“The best financial advice I ever got was that I shouldn’t make material things a necessity for me,” said Akpeyi.
“I’ve always been told that I need to get financial support [adviser] and making my own finance decision in the future. This is some of the best financial advice … don’t look into [sports] cars and invest in fancy clothes.
“I was actually advised to not look into such things and make a proper foundation for myself.”
Akpeyi added: “[The] worst money mistake I’ve ever made was trying to live like other people,” he said.
“Sometimes those people you meet have financial support on their side and [even when] you don’t have that support, you now want to live like them. The best investment I’ve done was in real estate,” he said.
The Super Eagles shot-stopper went on to reveal that he is already seeing a return in some of his investments.
“It is not big [money] but a small [amount of money] is coming up gradually at least one or two properties [are generating money],” he said.
“The little income I am now earning I am just trying to make sure that I add more properties. For now, I am still going to be in the game and that allows me to manage my investments from afar.
“The secret of financial awareness is that you have to prepare yourself and make a plan on the ground before you even receive money.
“Don’t use it on things you never planned for. My money slogan is don’t spend on what you don’t need,” concluded the ‘Amakhosi’ goalkeeper.
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By FARPost Reporter