2 weeks Ago By Adrian Volenik
One of the most well-known figures in sports and business, Shaquille O’Neal , has talked about his spending patterns and the lessons he’s learned from them. On a recent podcast , Shaq revealed in passing that he owns as many as five houses and forty cars. Furthermore, he claims he doesn’t truly know why, saying, “I have 40 cars and I don’t know why.
And I got five houses, I don’t know why.” Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — you can become an investor for $0.80 per share today.
‘Beating the market through ethical real estate investing' — this platform aims to give tenants equity in the homes they live in while scoring 17.38% average annual returns for investors – here’s how to join with just $100 Shaq’s advice was surprisingly straightforward and practical despite his enormous presence – save your money. “Just save.
Don’t even touch it,” he advised when discussing what he’d do differently from a financial perspective. This advice comes from someone who has lived long but also learned the value of financial caution. Shaq said that his numerous residences and collection of expensive vehicles don’t always make practical sense.
Although he admitted that he could afford them, he claimed that it would have helped him to have been more frugal when he was younger. See Also: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." These high-yield real estate notes that pay 7.
5% – 9% make earning passive income easier than ever. Besides, this isn’t the first time he said you should save more . In a recent interview with CNBC, Shaq said, “It’s not about how much you make; it’s about how much you keep.
” He further explained, “Save 75% of your earnings and put it away. Use the other 25% as you please.” One of the key lessons Shaq shared during the podcast was learning from losing.
He was honest about how failure shaped his success, saying, “Before you succeed, you must first learn to fail.” Whenever he lost a game, he analyzed his mistakes and made sure not to repeat them. “Every time we lost, I said to myself, ‘Not going to do that again.
’ Once I started winning,” Shaq said, “I knew what it took to keep winning.” Trending: This billion-dollar fund has invested in the next big real estate boom, here's how you can join for $10. Shaq’s personal experiences have shaped his financial outlook.
Like some other NBA players, he earned hundreds of millions during his NBA career, but he wasn’t always financially savvy. When he was younger, he made a few major mistakes, such as spending $1 million within hours of signing his first big contract. But as time passed, he learned how important it was to be disciplined with his money.
At the end of the podcast, Shaq was asked whether he thinks about his mortality. He answered, “No,” before continuing, “I’m amazed that children know who I am. I’m amazed that people in Mexico know who I am and hopefully that lasts forever, but if it doesn’t, I understand.
” Read Next: Unlock the hidden potential of commercial real estate — This platform allows individuals to invest in commercial real estate offering a 12% target yield with a bonus 1% return boost today! A billion-dollar investment strategy with minimums as low as $10 — you can become part of the next big real estate boom today. © 2024 Benzinga.com.
Benzinga does not provide investment advice. All rights reserved..
