Doctor Khumalo, a former player for Kaizer Chiefs, has counselled Premier Soccer League players to manage their money wisely.
Khumalo also mentioned that his initial pay was R8000 per month, and although by today’s standards that may not seem like much for a professional footballer, he claims it was a game-changer.
According to Citizen Sport:
“My first salary was R8 000, I was still in high school. I thought my life was going to change. I was waiting for the first cheque,” said Khumalo on Nedbank Reality Football.
“One day, I woke up and I was told we were going somewhere. We went to a bank in Dube (Soweto) and my father (Pro Khumalo, also a former Chiefs star) had to sign for me, although it was my (bank) account.”
The historical figure thinks that youthful athletes would be better off investing their money rather than purchasing expensive cars.
He thanks Chiefs chairman Kaizer Motaung for teaching him about money and how to manage it.
“My first car came later on… It was not from my first salary. It came years after I started playing. I don’t want to be greedy with the advice I was given, we received the information. We captured it and now it is our turn to share it with the next generation.
“This game is not about you deciding that you will play for 20 years. You can be disciplined, but if the unexpected happens, you could get a serious injury and be forced to quit the game.
“And the next thing you find that you only have the car which happens to lose its value. Investing is the greatest way of living because it means you are wise and you will not be in need.”