Shaquille O'Neal shares a simple tip on how young athletes can save money and their futures when entering the pros.
Definition: A strategy for reaching an objective or executing a play.
Question: How much money do you require for the future?
Strategy: Do you currently have a saving plan or strategy in place?
Time frame: What is your time frame to start saving -- now, within the year, over a year?
Evaluation: On a scale from 1 to 10, how confident are you that you will reach the objective you are currently following?
Definition: The ability to maintain self-control and play by the rules of the sport in which an athlete participates.
Question: How disciplined are you about saving money?
Strategy: Would you like to learn new strategies on how you can save more of your hard-earned money?
Time frame: When do you want to begin implementing these savings?
Evaluation: How many advisors do you have managing your money?
Definition: The ability to maintain self-control and play by the rules of the sport in which an athlete participates.
Question: Do you look at being financially independent as a reality or a pipe dream?
Strategy: If you are committed to accomplishing that task, are you willing to work with a financial coach to help you arrive there?
Time frame: It is never too late to start but starting earlier allows you have time as your ally.
Evaluation: Do you tend to live frugally or lavishly?
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