Sports News of Saturday, 10 August 2024
Source: ghanasoccernet.com
Former Black Stars goalkeeper, Fatau Dauda, has shared a valuable piece of financial advice with young footballers.
The goalkeeper’s trainer revealed that he invested his earnings from the 2008 Africa Cup of Nations into real estate.
By purchasing a plot of land, he has seen a significant return on investment, as the property’s value has increased sixfold.
Dauda emphasised the importance of financial planning for athletes, encouraging them to consider assets like property over luxury items.
“Life after football is our decision. I’m not saying I’m perfect, but I started this when I was at AshGold,” he told Joy Sports.
“During the AFCON 2008, we made money, a lot of money. The only car I bought at that time was a Golf. I can afford to buy a Land Cruiser or anything else now, but I chose the Golf.
“My mother had a house, and my father was not around. I wanted to build a house, so I bought a Golf.
“However, I realized that is the car I could maintain. If I bought a Range Rover, I might struggle to maintain it and would end up selling it for a lower price.
“Where I stay now, I bought the land for ten thousand dollars but now a plot of land there is 75,000 dollars. That’s the difference between asset and liability.”
His story serves as a practical example of how wise investments can yield substantial benefits long after a football career ends.
Dauda made 26 appearances for Ghana and was the first choice at the 2014 World Cup in Brazil.