It’s very rare to see multi-talented people who are good at almost anything. NBA stars Shaquille O’Neal and Michael Jordan are some of the few sports stars who have managed this feat. Both have been legendary in basketball as well as great at business. While the Los Angeles Lakers legend boasts a net worth of $400 million, Jordan enjoys a net worth of $3 billion. However, recently, a three-time NBA champion shifted the focus from the two stars and shed the spotlight on the financial challenges faced by athletes.

In the latest episode of Vlad TV, Detroit Pistons’ “Bad Boy” John Salley shared his opinion with the host and listeners.

John Salley talks about athlete’s financial struggles 

Being proficient in various domains is undoubtedly a gift. While discussing the challenging balance between sports and finances for athletes, Salley emphasized how star celebrities like Serena Williams, O’Neal, and Jordan, have seamlessly navigated both realms. However, he emphasized that this talent doesn’t come easily to people. Recognizing the financial struggles faced by many NBA players and athletes, Salley acknowledged the necessity for assistance in managing finances.

“If you’re blessed enough to be a Serena Williams…Shaquille, or Michael Jordan if you’re blessed enough to be in that situation God bless you but you’re working really hard at being good at that when do you have time to be really good at Finance,” said Salley

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While the host spoke on the importance of athletes openly discussing investment plans and business ventures instead of merely showcasing extravagant purchases, Salley emphasized the need for a reliable friend or partner who can manage the celebrity’s finances.

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Why do game-changing financial decisions matter? 

The difference between athletes who successfully navigate financial challenges and those who face struggles is attributed to the differences in their approaches. Muhammad Ali’s financial woes can be attributed, in part, to poor financial management. Despite earning millions during his career, Ali’s lack of investments and good financial decisions resulted in substantial losses. In contrast, Rashard Mendenhall showcases the impact of astute business decisions. He has made clever deals and investments to secure his financial stability.

Similarly, while the Chicago Bulls legend did face some hurdles, he was able to easily bounce back thanks to his business acumen. Shaquille O’Neal has also created a huge business empire after his retirement. What are your thoughts on this? Let us know in the comments section below.

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