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NBA star Shaquille O’Neal revealed what made him the successful person that he is today. In a recent interview, O’Neal said that he never hesitated to ask questions. He was always looking to learn and never felt ashamed to ask if he didn’t have knowledge about something. He further talked about how he got the idea of dividing his money into several parts to spend on particular things. Shaq’s interview with host Grant Cardone was released on October 8, 2022.

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A report in 2018 stated that 60% of NBA stars go broke within five years of retirement. However, there are few retired NBA players who have managed to be among the 40% and have a net worth of over hundreds of millions of dollars. It has been almost two decades since Michael Jordan retired, but the former Chicago Bulls star is worth $1.7 billion as of now. Similarly, Magic Johnson and former Milwaukee Bucks star Junior Bridgeman both have a net worth of over $600 million.

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There are always risks involved when it comes to making money. Is it the right company or product for investment? Is the risk worth taking? Will the product bring huge profit? There are several questions like these that come to mind. So it is likely wise to get consulted by experts or ask for help at times of doubt. Evidently, that is what the Big Aristotle did.

Shaquille O’Neal explains how he became a great businessman

In an interview with Grant Cardone, Shaquille O’Neal was asked how he gained the skills of making money and becoming a millionaire. Shaq replied that it was because he attained the knowledge necessary by learning from others. He added that while some people learn from their mistakes, others sought help from experts. O’Neal stated that he never shied away from asking questions.

“I was never afraid to ask questions because I know I’m not the smartest guy in the room. If I see somebody that’s doing it, take one question like, ‘Hey man, how’d you do that? Oh man, I did this, I did this’, and I write it down and I memorize it,” said Shaq.

The Los Angeles Lakers legend recalled asking a successful businessman how he got so rich. Shaq stated that the man advised him to spend no more than 1/4th of his earnings on luxuries and save the rest of the money.

“So once I started doing that, I was like, ‘Aha, so every time I got a check I just took a little piece for me, for bills and for cash and I saved it, and I just put it away put it away. And then I started doing annuities because I was like, ‘You know what I have a wife I have the children now I want to be able to collect a lot of money at the age of 50 55 and 60,'” said Shaq. Watch This Story: Did Michael Jordan Play in 1994? Was Shaquille ONeal the Last Player to Beat MJ in the NBA Playoffs? 

What do you think of Shaq’s business skills? Let us know your thoughts in the comments sections below.

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Siyari Debbarma

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Siyari Debbarma is a senior NBA writer at EssentiallySports. With over 700 articles under her belt, Siyari is an expert in providing in-depth analysis and coverage of the game. Her throwback article on Dennis Rodman's plea for help garnered more than 3.5 million page views, a testament to her skill as a writer and journalist. Siyari's expertise also extends to game coverage and lifestyle reporting on NBA players and their families. She brings a unique perspective to her articles, providing readers with a behind-the-scenes look at the personal lives of their favorite players. Her passion for basketball began when she started hooping in her senior year of school, and she has been a devoted fan of the game ever since. Although Siyari admires players irrespective of their teams, the Golden State Warriors hold a special place in her heart. She is a huge fan of iconic names such as Stephen Curry, LeBron James, and Michael Jordan, but her personal preferences have never swayed her from delivering detailed and impartial content to her readers. When she's not covering the latest NBA stories, Siyari indulges in her love of reading, with a particular fondness for books on history and culture. She also spends time with her adorable cats and dogs, who keep her company when she's away from the court.

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