How to Lose One Million Dollars in 45 Minutes!
I found this on reddit and thought it was an amazing thing to share. Like the old cliche’ goes: “it’s not how much money you make; it’s how much money you keep”.
Shaquille O’Neal was, as you know, an phenomenal NBA player. Shaq made millions upon millions, and even invested his money into income producing assets. In fact his estimated net worth today is over $350 million!
But it wasn’t always this way, on his first advance of $1,000,000 he spent the whole thing in less time than a prime time reality show!
Video: Shaq Talks about spending one million dollars in less than an hour
Luckily Shaq hired a great financial planner – and he even interviewed them before picking the one who would ultimately end up managing his money – otherwise he may have ended up like the majority of professional athletes. Which is broke and massively in debt.
The take away from this is to be smart with your money and develop good habits, no matter how much or little you make if you don’t live responsibly then you can end up with nothing.