Turning sports winnings into old age
Achieving sporting success requires significant planning and preparation, but this should not come at the expense of securing a comfortable life in retirement.
When most people retire from sports, they are oblivious to the fact that they have still got a lot of life to live and money-making years ahead.
Others are easily tempted to continue with their lifestyles, which cannot be sustained when they fall back from their respective careers, thus regretting the decisions they made. But some are lucky enough to meet incredible agents and managers in their careers for financial advice and the partnership has stood the test of time.
Granted, there is a need for a strong, trusted support network to prepare athletes for retirement and take advantage of development opportunities for the next stage of their careers.
In Kenya, sportsmen, especially athletes, earn mind-boggling sums at European meetings but lack financial advice to invest for the future, with some of them living in penury when their glory days end.
However, there is light at the end of the tunnel after a Kenyan, Herbert Kunga, and his business partners took it upon themselves to reach out to sports people in several disciplines to share their expertise on financial management.
Known as the Athletes Mentorship Programme, the non-profit-making venture came through the formation of a Sacco (Utumishi na Ukristo) to reach out to sports people, encouraging them to save their earnings and ensure they lead decent and dignified lives after retiring.