₦airaland Forum

airmark:
Any retired Nigerian footballer with even $1m should contact Raumdeuter for financial advice and he won't live in trenches in the USA for the rest of his life. Boniface won't tell anyone that he can't raise even $1m as we speak. There are retired people living fine in highbrow areas and their monthly earnings are lesser than $50k. 5% of $1m = $50,000 It's down to strategic financial planning.

When i make better money i will start hyping Boathand and Fraudiola and ask Raumdeuter to send me the 'expo'.

Meanwhile, Yekini had mental problem but he was living at Oluyole industrial estate before he died. He was living where the big guns in Ibadan were living back then, he wasn't in trenches o.

Not easy making liquid what's more than an entire year's income.

Youkay no they do bad film
Hostage is good

Izzou and Blueraydick

airmark:
Any retired Nigerian footballer with even $1m should contact Rumdeuter for financial advice and he won't live in trenches in the USA for the rest of his life. Boniface won't tell anyone that he can't raise even $1m as we speak. There are retired people living fine in highbrow areas and their monthly earnings are lesser than $50k. 5% of $1m = $50,000 It's down to strategic financial planning.

When i make better money i will start hyping Boathand and Fraudiola and ask Ramdeuter to send me the 'expo'.

You are just 1 wrong investment from going broke. Okocha wey we dey hail, remember 1 Naija Bank Societe Generale Bank sat on his 1m Pounds which FG had to bail Okocha out because Okocha was a household name. Imagine if that was Ikedia, James Obiorah, Opabunmi or Dele Adeleye, Onyekachi Apam etc, who will bail those ones out?

Na who life never happen to dey call himself man. If these guys do not have a 2nd career after retiring or investment wey dey make money, Its easy to see how they will run out of money. One wrong investment, One divorce, One sickness and you are in the trenches

These players also have a lot of responsibilities plus family wahala. Mikel was talking about how family was organizing fake kidnapping to fleece him
I know people who were close to the late Uche Okafor before he committed suicide in 2011, The latter part of his life it was the wife a nurse that was carrying him(financially) and he was just an amateur coach for local teenage boys.

Amigoss:
[/b]

See wetin men dey earn for 1999,wonder wetin taribo ,yekini,Rufai spent their money on...Ahmed Musa doings dey show for Kaduna as he dey Nigeria so despite playing more years in Nigerian league than clubs abroad...

Yekini didn't suffer in Ibadan. He became conservative after lavishing funds on luxurious cars when he was in Setubal and family problems started.

iamoyindamola:
Youkay no they do bad film
Hostage is good

Izzou and Blueraydick

I'm currently seeing Yellowstone , I didn't know it was this good because I've always been skipping it . Maybe When I'm done I will see Hostage too. And yes u are right, most of the UK series I've seen are premium stuff.

airmark:
Maybe i am too stingy and conservative unlike many of you guys who can't manage $30,000 a month.

You are also not a celebrity. You can enter any where in Nigeria and no one will recognize you, You don't have to spend anything on security. You can enter Quilox and order 1 Asun/Azul in peace while Taye Taiwo must declare 10 bottles at least, Your family wont be taxing you at the rate of these footballers, they wont be faking kidnap to swerve you. See stories of Adebayor, Pogba brothers, Mikel family etc

I can understand why some of these players go broke after their career, 50yrs post retirement is a very long time to depend on income made before age 35

raumdeuter:
You are just 1 wrong investment from going broke. Okocha wey we dey hail, remember 1 Naija Bank Societe Generale Bank sat on his 1m Pounds which FG had to bail Okocha out because Okocha was a household name. Imagine if that was Ikedia, James Obiorah, Opabunmi or Dele Adeleye, Onyekachi Apam etc, who will bail those ones out?

Na who life never happen to dey call himself man. If these guys do not have a 2nd career after retiring or investment wey dey make money, Its easy to see how they will run out of money. One wrong investment, One divorce, One sickness and you are in the trenches

These players also have a lot of responsibilities plus family wahala. Mikel was talking about how family was organizing fake kidnapping to fleece him
I know people who were close to the late Uche Okafor before he committed suicide in 2011, The latter part of his life it was the wife a nurse that was carrying him(financially) and he was just an amateur coach for local teenage boys.

He didn't commit suicide, he was murdered. He also had a contract with ESPN sports as a commentator as at the time of this death.

Theflint1:
Mikel Obi's podcast is sponsored by a betting company.

[color=royalblue]Okay.

I only used Mikel. I can still change it to some other Nigerian player.

Like I said, there are many players who are not promoting or affiliated to Betting [/color]

iamoyindamola:
Youkay no they do bad film
Hostage is good

[color=royalblue]Bookmarked.

Thanks, Chief[/color]

yewit37486:
He didn't commit suicide, he was murdered. He also had a contract with ESPN sports as a commentator as at the time of this death.

I am going by reports in the news

https://www.espn.com/dallas/soccer/news/story?id=5998982

https://www.cbsnews.com/texas/news/ex-nigerian-soccer-star-okafor-found-dead-in-texas/

https://www.kansascity.com/sports/spt-columns-blogs/the-full-90/article303287/Family-of-former-soccer-pro-can%E2%80%99t-accept-shame-of-suicide-ruling.html

izzou:
[color=royalblue]Okay.

I only used Mikel. I can still change it to some other Nigerian player.

Like I said, there are many players who are not promoting or affiliated to Betting [/color]

Yea, but you can't reject what you were never offered.

raumdeuter:
I am going by reports in the news

https://www.espn.com/dallas/soccer/news/story?id=5998982

https://www.cbsnews.com/texas/news/ex-nigerian-soccer-star-okafor-found-dead-in-texas/

https://www.kansascity.com/sports/spt-columns-blogs/the-full-90/article303287/Family-of-former-soccer-pro-can%E2%80%99t-accept-shame-of-suicide-ruling.html

Yes, that was the initial report but it seems subsequent investigation showed it wasn't suicide as initially thought.
https://www.vanguardngr.com/2011/01/uche-okafor-was-murdered-fbi/

Theflint1:
Yea, but you can't reject what you were never offered in the first place.

[color=royalblue]True

But Okocha and Finidi George are not the most decorated Nigerian players.

Infact, we have a much more younger range of players that resonates with the Betting audience than Jay Jay or Finidi

So, it is also possible that there are players who turned down the offer too.[/color]

raumdeuter:
You are also not a celebrity. You can enter any where in Nigeria and no one will recognize you, You don't have to spend anything on security. You can enter Quilox and order 1 Asun/Azul in peace while Taye Taiwo must declare 10 bottles at least, Your family wont be taxing you at the rate of these footballers, they wont be faking kidnap to swerve you. See stories of Adebayor, Pogba brothers, Mikel family etc

I can understand why some of these players go broke after their career, 50yrs post retirement is a very long time to depend on income made before age 35

Most footballers are not well attuned to investment. There are relatively safe investments that can guarantee an ex footballer a decent life. Ahmed Musa’s 20 unit terrace estate in Lekki if rented out at an average of 6M rakes in 120M yearly. He can live well with 120M yearly if he lives prudently.

He could as well live in Kano and establish a 1000 cow capacity ranch and dedicate years to building it. Omoo!! I can’t have millions in Dollars and be thinking of going broke.

raumdeuter:
You are also not a celebrity. You can enter any where in Nigeria and no one will recognize you, You don't have to spend anything on security. You can enter Quilox and order 1 Asun/Azul in peace while Taye Taiwo must declare 10 bottles at least, Your family wont be taxing you at the rate of these footballers, they wont be faking kidnap to swerve you. See stories of Adebayor, Pogba brothers, Mikel family etc

I can understand why some of these players go broke after their career, 50yrs post retirement is a very long time to depend on income made before age 35

Once you retire the demands reduce unless it's self-induced. The way people will rush Osimhen, is not the way they will rush Emenike. Many will even see you as 'old taker' and just wave.

If you are receiving dividends of $50,000 monthly post-retirement and you are still hungry or groaning in the trenches, then you need spiritual deliverance.

yewit37486:
If he was so frugal, I wonder why he's had to resort to advertising for betting companies. He made his money from hard work and making use of his talents, but is promoting a destructive act like betting to the youths just for the monetary gains.

Okocha does not chest the same bills as your average Nigerian footballer living in Nigeria. Okocha is chesting private school bills and abroad homes in exclusive areas for his children in London. He still needs to collect

TemporaryHansel:
That's like #80m monthly, meanwhile his mates like osimhen earn over #300m monthly..

Osimhen is taking home circa N2bln monthly. Turkey tax rate is 20% for footballers

Osimhen can never return to trenches even Monaco, Mayfair or Marthas Vineyard trenches

Ibime:
Okocha does not chest the same bills as your average Nigerian footballer living in Nigeria. Okocha is chesting private school bills and abroad homes in exclusive areas for his children in London. He still needs to collect

Basically, his living costs are not at par with his income thus the need to support anything supportable.

airmark:
Once you retire the demands reduce unless it's self-induced. The way people will rush Osimhen, is not the way they will rush Emenike. Many will even see you as 'old taker' and just wave.

If you are receiving dividends of $50,000 monthly post-retirement and you are still hungry or groaning in the trenches, then you need spiritual deliverance.

Theflint1:
Not easy making liquid what's more than an entire year's income.

Boniface's yearly income is $2m+.

BlueRayDiick:
Taribo earned that much at the peak of his footballing career but each time ex-footballers are lamenting about "neglect" from FG he's always at the forefront.

He's always giving the vibe of someone who didn't make much and need the benevolence of the government enjoy life after retirement. Only God knows what he did with how own money Sha ; I mean he even had to start a church.

Taribo earning period in Milan was only 5 years

He never landed the big contract, was still proving himself in Inter when they booted him to AC

Same thing with all those Amuneke them, injury struck him before he got better contract

airmark:
Boniface's yearly income is $2m+.

It's $800k after tax

airmark:
Any retired Nigerian footballer with even $1m should contact Raumdeuter for financial advice and he won't live in trenches in the USA for the rest of his life. Boniface won't tell anyone that he can't raise even $1m as we speak. There are retired people living fine in highbrow areas and their monthly earnings are lesser than $50k. 5% of $1m = $50,000 It's down to strategic financial planning.

When i make better money i will start hyping Boathand and Fraudiola and ask Raumdeuter to send me the 'expo'.

Meanwhile, Yekini had mental problem but he was living at Oluyole industrial estate before he died. He was living where the big guns in Ibadan were living back then, he wasn't in trenches o.

$1m generating $50K per month risk-free?
Share update!

-Lord

airmark:
Once you retire the demands reduce unless it's self-induced. The way people will rush Osimhen, is not the way they will rush Emenike. Many will even see you as 'old taker' and just wave.

If you are receiving dividends of $50,000 monthly post-retirement and you are still hungry or groaning in the trenches, then you need spiritual deliverance.

No be so oh. People go still ganusi at every level. Mikel don retire when dem still dey run am kidnaping street. Didnt he say on his podcast that he was still expected to pay his Brother in laws medical bills. You probably wake up to 5 request daily from family people, Emenike even as he don retire will be waking up to 50 daily

How do you arrive at $50k dividend monthly post retirement, how much do you need to invest to guarantee that? I has this coversation with my financial adviser last week and he told me if you are not up to 65 the retirement age you will still be getting taxed heavily

An example of a stable low volatility, steady dividend and broad diversification ETF that you can plan retirement on is VYM it gives around 3% returns per year

$50k returns a month pre tax is $600K per year, How much do you need to invest cash to get $600k guaranteed a year at 3% returns. That is $20M cash

Now that $50k after tax in a state like California gives you like $25k per month

So if you really want $50k after tax every month you need to double all that numbers above.

Now the question is how many footballers have $50m cash untouched to put in the market

LordAdam16:
$1m generating $50K per month risk-free?
Share update!

-Lord

Airmark think say na MMM we dey talk

swiz123:
Most footballers are not well attuned to investment. There are relatively safe investments that can guarantee an ex footballer a decent life. Ahmed Musa’s 20 unit terrace estate in Lekki if rented out at an average of 6M rakes in 120M yearly. He can live well with 120M yearly if he lives prudently.

He could as well live in Kano and establish a 1000 cow capacity ranch and dedicate years to building it. Omoo!! I can have millions in Dollars and be thinking of going broke.

120M per year is not a lot of money even in Lagos for the profile of an ex player. Prudent to you is not prudent to him

Someone on the level of Ahmed Musa fit get up to 10 if not 20family members children wey him go dey pay their Private Uni (Babcock Covenant) school fees per year of 2m each. That is 20-30m on top school fees alone

You know say one trip abroad modestly can cost him $10k that is about N15m. Three of those trips in 1 yr is almost 50m. Or do you think 3 abroad trips a year is too much for Ahmed Musa. That is solo trips not carrying family along, and staying in budget hotels

yewit37486:
Basically, his living costs are not at par with his income thus the need to support anything supportable.

An average tution of an Undergrad international student is $30K bfore living expenses. One child in an average Uni abroad don cost you $50k per year

Or do you think 3 kids in Uni abroad is beyond the expectations of Okocha?

LordAdam16:
$1m generating $50K per month risk-free?
Share update!

-Lord

If we share the update shey you go like am?

E get one fund called CBEX or LSSE

LordAdam16:
$1m generating $50K per month risk-free?
Share update!

-Lord

Where did i tell you this? I told you some people are not living in the trenches and are earning below 50,000 usd monthly. You can invest in different sectors and earn $50,000 monthly in total and be fine.

swiz123:
Most footballers are not well attuned to investment. There are relatively safe investments that can guarantee an ex footballer a decent life. Ahmed Musa’s 20 unit terrace estate in Lekki if rented out at an average of 6M rakes in 120M yearly. He can live well with 120M yearly if he lives prudently.

He could as well live in Kano and establish a 1000 cow capacity ranch and dedicate years to building it. Omoo!! I can have millions in Dollars and be thinking of going broke.

Most of them are illiterates but financial advisors do contact them but they would rather prefer to see their money resting in their bank accounts for assurance.

If i have $1m today i can never go broke or live in the trenches like Ibime erroneously believes.

raumdeuter:
An average tution of an Undergrad international student is $30K bfore living expenses. One child in an average Uni abroad don cost you $50k per year

Or do you think 3 kids in Uni abroad is beyond the expectations of Okocha?

The key question though is can his football retirement income comfortably cover those costs? Seems not, which is why he is being a brand / political ambassador for anyone who calls him.

raumdeuter:
If we share the update shey you go like am?

E get one fund called CBEX or LSSE

update wey go give HBP las las.