With career earnings that totaled $292 million, Shaquille O’Neal currently ranks as the third-highest-paid player in NBA history. We asked Shaq what financial advice he gives young NBA players who want to hang on to their fortunes.

Shaq stopped by Business Insider to talk about his collaboration with home security technology company Ring, to raise awareness about how homeowners can better protect their property this holiday season. Shaq recently kicked off a campaign with Ring’s CEO Jamie Siminoff around protecting holiday package deliveries – specifically as National Package Protection Day approaches on Nov. 29. Following is a transcript of the video.Following is a transcript of the video:

[Shaq is the third highest-paid player in history. His career earnings totaled $292 million.]

I would simplify it for them. I would do what one of my friends did to me. I would take a $100 bill and rip it in half. And I’d say “$50, don’t even look at it. Don’t look at it.”

Now, this other $50 you can play with. Do whatever you want. But if you’re smart, you’ll rip this $50 up and you save that. And now this $25, do whatever you want. You want a house, 10,000 …read more


Source:: Businessinsider – Life

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