We have all heard the stories of former NBA players who loose it all. It is always amazing how these guys go from millions of dollars to nothing. It’s almost as bad as the Biggest Loser winners who gain the weight back. All-Star player Antoine Walker went from having $110 million plus to sharing an apartment for $915 a month(in Idaho, I imagine that is still a nicer apartment than mine) and playing for low level basketball team in Boise. Walker had to give up his 2006 NBA Championship ring to try to settle his debts. Walker just like Allen Iverson blew the money on a lavish lifestyle. Does lavish lifestyle mean handing out cash on the streets? I just don’t know how you can spend that much money. So we all know what not to do when we get money.
Then there is Shaquille O’Neal who smartly invested his millions to make more millions. O’Neal invested in Google (before it was cool), Five Guys restaurants, gyms, and Vitamin Water. What’s the difference? How did O’Neal get to be so much smarter? He got an MBA online through the University of Phoenix. So here is the solution get money and get a business degree or find someone who has one to manage your money. And whatever you stay away from the lavish lifestyle, what ever that means. Maybe O’Neal could buy Walker’s ring for him.