Orlando Pirates midfielder Xola Mlambo urges fellow footballers to invest their money wisely

Orlando Pirates midfielder Xola Mlambo has urged fellow footballers to invest their money wisely.

This comes after former PSL player Lerato Chabangu, who is reportedly struggling financially, circulated on social media.

“It’s different now compared to the olden days. I think during the Lerato Chabangu’s playing days, not a lot was done to make players invest their money properly. I can never be sure about that though because I was not there," Mlambo told The Citizen.

Chabangu played for Mamelodi Sundowns and Moroka Swallows in the PSL and also represented South Africa at senior and junior levels.

“But looking at the current situation, a lot has been done in terms of teaching us about money. About how to invest and save money for the future. They’re trying their level best and all we (the players) have to do is to meet them halfway," he continued.

The former Chippa United and Bidvest Wits playmaker stated that footballers should avoid spending all their savings.

“The first thing they should do is to learn from other people’s experiences and not to experience their hardships at first hand. They should know where they’re coming from," Mlambo added.

"They should know their goals and expectations and what they want in life. They should learn to invest even before they turn professional so that it can be easier for them when they do," he said.

“Sometimes it’s difficult to deal with a bigger amount of money if you have not dealt with a smaller amount properly. You start with the smaller amount that you have so that you can cope with the bigger amount when it comes," he concluded.