Category: Finance

Finance Articles

SPREAD YOUR INCOME – Invest In Real Estate

Probably it has dawned on you that your sporting career will come to an end at some point. Remember, your salary will only be available to you for an average of 8-12 years depending on the sport you engage in. Isn’t this all the reason you need to make multiplying your revenue channels a priority item?

Does making money while you sleep sound interesting? Imagine watching money flow into your bank account as you are away on safari with your loved ones. This passive income can be yours if you invest wisely and at the same time minimize your involvement. Passive income does sound like a dream come true and One way of making it a reality is through Real Estate Investment.

There are several good reasons why you might want to invest in real estate in Kenya.

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Taxes and the Professional Sportsperson

Taxes! Oh boy! Is it that time of the year? No, not yet! But why not get ready and know what the tax man expects from you the professional sportsperson. By a professional sportsperson, I mean a person who makes a living by playing a professional sport. For example, an athlete, footballer, basketballer or cricketer.

As a Kenyan sportsperson, the taxman will specifically be interested in you if you are a Kenyan resident. And what is the difference citizenship and residence? Well, for purposes of tax a Kenyan resident can be an individual or a corporate. In this case we shall focus on the individual.

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Handling Sponsorship Like A Pro!

Participating in athletic events is costly. Not to mention eating healthy, traveling to competitions and paying for coaching. It is sad that many athletes miss out on sporting events because of empty bank accounts and not because of their sporting abilities. Well, this does not have to be you! A sponsor ~ no pun intended ~ can sort you out.

Why do sponsors want you?

Believe it or not, you represent the lifestyle that appeals to the sponsor’s customers and audience. You may represent strength, youthfulness, power, energy, performance, swag, being attractive or just someone living the “dream” in their eyes.

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Securing Your Financial Future

Established career and business? Check! Home Owner? Check! Upto date loan repayments? Check! School fees paid? Check! But wait! Have you secured your financial future?

While it can seem like paying off your mortgage and educating your children is all you have to do, there is still more. What’s your plan for retirement or it is still a long way off? It may be 10 years away or more, but look how fast you got to this age. If I could get a shilling for every time I heard “Life happened in the blink of an eye!” when people speaking of ageing, I would be rich. Now is the time. It’s never too early to set you and your family up with financial security and prepare yourself for retirement.

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Friends of MSA

What are they saying

Biko Adema

Nondies RFC Rugby Player

I was excited to join Momentum Sports Africa's platform and build my professional brand further through their support and guidance. The nutritional advice I got has allowed me to consider the most appropriate diet choices based around my daily schedules.

Benson Salem

Nondies RFC Rugby Player

I am privileged and excited to be working with Momentum Sports Africa in building my brand as a sports person. I got equipped with the right information about Nutrition so that I can be in perfect health to compete effectively and I’m looking forward for more.

Fidens Onyango

Nondies RFC Rugby Player

I enjoyed the Profile interview as I got to share a little about my personal life as well as my sports life and it was the first step of building my brand as a Sportsperson. The Nutrition interview was quite educational as I got to learn a lot about the best foods to eat at different times of the day during both on and off-season.

Ian Mumbwani

Nondies RFC Rugby Player

Momentum Sports Africa is a professional organisation and breath of fresh air in the sporting scene, I am stoked to have worked with them in an upcoming production that has given athletes like myself a platform to create my own brand as well as equip me with the right information in as far as Body Nutrition is concerned, I am excited and can't wait until it's out. Thank you MSA.