Black Entrepreneurs Day<\/strong> — to talk to young people about the importance of financial intelligence.<\/p>\n<\/section>\nAnd man, if these stories don’t get the point across …<\/p>\n<\/section>\n
Shaq says he was so uneducated about finances when he signed his first endorsement deal after turning pro, he blew $1 MILLION in an HOUR — splurging on expensive cars, jewelry and a trip to Vegas.<\/p>\n<\/section>\n
In fact, he went through so much cash, his bank manager pulled him aside and warned him that he was gonna go broke if he continued to spend like a maniac … because he wasn’t accounting for things like income tax, etc.<\/p>\n<\/section>\n
\n GOIN' THROUGH THE WRINGER Black Entrepreneurs Day<\/p>\n<\/section>\n
Dwyane Wade tells a very similar story — saying he got tangled up in some bad investments because he had no idea what he was doing.<\/p>\n<\/section>\n
“I blew through a lot of money,” Wade said … “I got into bad relationships with people from … ventures outside of basketball, restaurant ventures, etc.”<\/p>\n<\/section>\n
Wade says he simply wasn’t educated when it came to finances — and had to learn the hard way after being taken advantage of.<\/p>\n<\/section>\n
But now, both superstars are hoping their loss can be your gain — stressing the importance of financial intelligence so young people spend their money wisely and make it last a very long time.<\/p>\n<\/section>\n
We totally get the point — and they’re both right (obviously) … but that 60 minute million dollar spending spree sounds awesome!!<\/p>\n<\/section>\n","protected":false},"excerpt":{"rendered":"
Play video content LEARNING THE ROPES Black Entrepreneurs Day Dwyane Wade and Shaquille O’Neal have a lot in common — they both blew a FORTUNE when they were young … and are hoping young people can learn from their stupid, expensive mistakes. The NBA legends sat down with “Shark Tank” star Daymond John for Black […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[1131,137,963,1129,122,138,629,1130,52],"yoast_head":"\n
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