Shaq revealed the 1 concept he used to preserve his fortune as an NBA player

Financial Literacy and Investment Strategies - The importance of financial literacy is emphasized, particularly for professional athletes whose earning years are often short-lived, with annuities being a recommended tool for converting earnings into lasting income streams [1][2] - Annuities are defined as financial products that provide a steady income stream, often used for retirement or wealth safeguarding, and can be structured for fixed or variable payouts [2][9] Athlete Financial Management - Research indicates that athletes typically retire before the age of 30, with NBA players averaging a retirement age of 28, highlighting the need for financial discipline [3] - Shaquille O'Neal shares his personal experience of financial mismanagement early in his career, which motivated him to learn about financial stability [4][5] Investment Philosophy - Shaq advocates for a saving strategy of saving 75% of income and having fun with the remaining 25%, which has contributed to his financial success [6] - He has made significant investments in companies like Google and Ring, as well as owning a diverse portfolio of restaurant franchises [6] Accessible Investment Options - For individuals without high incomes, the principle of wise investment remains crucial, with annuities being a viable option for long-term financial success [7] - Platforms like Acorns allow for small-scale investments in dividend stocks, making it easier for beginners to grow their wealth [11][12] Real Estate Investment - Real estate is highlighted as a compelling investment option that can generate consistent cash flow through rental income, aligning with the principles of financial tools like annuities [13] - Home Equity Agreements (HEAs) provide a way for investors to participate in real estate without the responsibilities of being a landlord, offering built-in protections against market dips [15][16]