For many young adults venturing out into the world beyond the care of their parents or guardians, financial literacy is a significant challenge. When these young individuals are signing multi-million-dollar checks with endorsement deals of comparable magnitude, the potential to swiftly deplete one’s fortune is astonishing.
Shaquille O’Neal, a towering figure from the Boston Celtics, is well acquainted with this reality. Although he has since cultivated a keen business sense that has prevented financial ruin, the then-emerging talent could have easily found his personal finances in jeopardy.
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