NOCK begins training sportspersons on managing finances

Written By: Buckley Fedha

NOCK begins training sportsmen and women- sportspersons

The National Olympic Committee of Kenya has begun training sportsmen and women on drawing up a financial game plan that can sustain them in the event that sporting activities are grounded and beyond their active years.

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The training was organized following a recent survey which showed that 68% of the athletes are unemployed, 10% are in civil service and 6% in private companies.

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The rest were students or self-employed.

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This meant that for most athletes, their income is largely irregular, either from training allowances or winnings from competitions.

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The investment options included capital preservations such as savings account with at least 6% annual returns, income generating tools such as business and capital growth investments such as shares and real estate.

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