“I’m Not Paying”: Despite a net worth of $600,000,000, Shaquille O’Neal refuses to spend $1000 a month on insurance, to use mother Lucille’s example

People often go crazy over their financial decisions when they get the money. If the bag is as big as $600 million, no one will give a damn about spending $1,000 a month, even on insurance. However, that rule doesn’t apply to NBA legend Shaquille O’Neal. From growing up with little to no money to becoming one of the wealthiest sports icons in the world.

Shaq has always been wise with his money as he values ​​even the smallest expenses. The Big Man recently explained why he refuses to pay $1,000 for insurance, even though that sum is peanuts to him. Shaq used his mother’s example to highlight the issue of unnecessary spending.

Even with a net worth of $600 million, Shaquille O’Neal isn’t willing to pay $1000 a month for insurance


The article continues below this ad

The four-time NBA champion was on the Pop Culture show, where he opened up about his association with The General, spending wisely and his pick for the upcoming NBA Finals. He has long been associated with The General Insurance Company. As we know, Diesel stays true to his roots, he hasn’t forgotten what the insurance company did for him in his years to come. Shaq had said, “The General gave me my break from college as a gift. When I bought my first car, that was pretty much the only insurance I could afford.” That’s why Shaq enjoys working with the company to help others, even though he’s now rich and popular.

via Getty

READ :  Fruits of Grace: The First Friday and First Saturday Devotions

Shaq explained that affordable insurance is a must for everyone. He said that not everyone is Shaq, they don’t have Shaq’s money. He took his mother’s example to explain the importance of affordable insurance. Shaq said: “When I came up, my mother didn’t have any Shaq money. We had to do things that fit our budget.” He added that now that he can actually afford the monthly insurance, he still doesn’t go for it because he’s smart. “I can afford insurance for a thousand dollars a month, but I don’t pay that,” he added.

Later in the interview, Shaq was asked about his pick for this year’s NBA Finals. While he didn’t pick a favorite from the crowd, he shared some valuable insights from his perspective.


The article continues below this ad

Shaq names players and teams to watch out for at the NBA Finals

Shaq was asked who he sees winning the NBA Finals this year. “I don’t see it yet,” he replied, then added context to his answer. The 15-time NBA All-Star said Nikola Jokic and Joel Embiid are the players he keeps a close eye on as they take things personally. Shaq pointed out that the newer generation doesn’t play the game with the same seriousness as his generation. He added that the Sacramento Kings and Stephen Curry’s Golden State Warriors are the dark horses in the league.


The article continues below this ad

What are your tips for the NBA Finals? Tell us in the comments below.

Watch this story: Shaquille O’Neal could buy LeBron James’ former team with a net worth of $600 million

READ :  Insurance companies deny medical care. And that's wrong. [PODCAST]