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Shaquille O’Neal reveals the mistake he made after making his first $1 million at 18. “I got my first million dollars at 18 years old.” “I bought myself a black-on-black Benz. Then my dad said, ‘Where my car at?’ So I bought him one too.” “The next day, the...

66,367 views • 2 months ago •via X (Twitter)

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Shaq reveals how he spent the first $1,000,000 he made in 30 minutes on accident “​​I received a million dollars from a card deal, and I had always wanted a black Mercedes-Benz. So I got the check. Actually, I didn’t even look at the check. I just took it to the bank and signed the papers. I didn’t even realize the check actually said $650,000 and all that. But we’ll get back to that.” “I went straight to the dealership. I had no negotiating skills. I said, ‘How much is this Benz?’ The dude said, ‘$150,000.’ So in my mind, $1 million minus $150,000, I’m still rich. I’ve still got $850,000 left.” “So I get the Benz and go home showing it off to my dad. My dad says, ‘Man, I wish I had one of these.’ I said, ‘You know what? Come on.’ So we jump in the car, go back to the dealership, and I get him the exact same Benz. Now $850,000 minus $150,000, I’ve still got $700,000 left. I’m rich.” “We come back home, and then my mom says the same thing. So we go get her a Benz too, about $100,000. Now in my mind I’ve still got $600,000 left.” “After I take care of them, now I’ve got to go get the jewelry and the rings. I buy about 20 draft suits. I rent this high-rise apartment in San Antonio for a year. I don’t even know why I did it for a year because I wasn’t even staying there. But I just paid it all up front.” “A couple days later, the bank manager called me in. He said, ‘Mr. O’Neal, I don’t want you to be like all these athletes who get money and then go broke.’ I’m like, ‘Yeah, yeah, yeah, yeah.’ Then he showed me the bank statement.” “I saw FICA on there, and FICA had taken so much money. I’d heard all these horror stories about agents stealing money and accountants stealing money, so I looked at the banker and said, ‘Who the hell is FICA?’” “He said, ‘Mr. O’Neal, you need to educate yourself.’ After that I said, ‘You know what? I need to slow down.’ And that’s a true story.”

Josh Chambers

39,394 views • 17 days ago

Shaquille O'Neal says he thought his bank manager was setting him up after learning $300,000 was taken from his first $1,000,000: “Who the fuck is FICA” “The first money I got, even before I got drafted, was a card signing deal. It was a million dollars. So I said, ‘I gotta go get the black on black 500 sitting on them 19-inch hammers” “I had no negotiating skills. I go in there, ‘How much? Move the seat back a couple inches. Call me.’ I get home. My dad was like, ‘That's nice. Where's mine?’” “I'm not the smartest guy in the world, but I know a million minus $150,000... shit, I got $850,000 left. He gets the same joint I got. We get home, my mom’s like, ‘Where's mine at?’” “She don't want the big one. She wants the little one. So I got $700,000 left. Hers cost $100,000. I got $600,000 left” “I went to the jewelry shop, I bought some Allen Iversons. I bought a dookie rope chain. I bought a nugget chain. I bought a two-finger ring. I got a high rise in San Antonio, paid that off for the year” “Next couple of days, the bank manager called me. ‘Shaq, I need you to come to the bank.’ When I came to the bank, he said, ‘Look, man, I don't want you to be like everybody else’” “He showed me. I was like, ‘Yeah, I did this, I did this, I did this.’ Then I was like, ‘Who the fuck is FICA’” “FICA had took like $300,000. Like, ‘No. I don't know FICA. I don't know FICA. You trying to set me up.’ He said, ‘No, man. FICA is the money that the government takes out’” “I had no idea. I didn't know nothing about that. So I was like, I really do have to start being smart”

dank

667,577 views • 2 months ago