A “Must-Read” for Retirees or Soon-to-Be Retirees

How did Shaq build a retirement income portfolio that surpasses his NBA salary? Hint: Not with annuities or rental properties.

Shaquille O’Neal is famous because of his hall of fame NBA career. He is widely considered one of the best players to ever play the game, but a lot of people don’t know that his investing savvy is almost as impressive as his skills on the court.

You see, while most NBA players end up broke just 6 years after retiring, Shaq’s playing a whole different ball game with an investment portfolio that’s scoring him more bucks in a year than he used to make with his $30 million NBA salary!

So, how does he do it? Does he simply know something that you don’t?

It’s known that he has had some really successful tech investments like Ring. He was even an early investor in Google.

In interviews, you will see Shaq talking about how Jeff Bezos taught him to invest in things change lives, which sounds cool. Who doesn’t want to invest in life-changing technology?

Yet, the secret to Shaq’s investing success isn’t his ability to pick winning tech investments.

No. His investing success is mostly due to owing a portfolio of cash generating investments.

Over the years, he’s owned 155 Five Guys Restaurants, 150 car washes, 40 24-Hour fitness gyms, 18 Big Chicken’s, 17 Auntie Anne’s, 9 Papa Johns, and 3 Krispy Kreme’s.

Now, I don’t know how any of those businesses is going to “change lives” (obesity, maybe?), but I do know what they have in common…

They are simple, easy to understand investments with proven models of success, and many of them are even recession proof.  

While you may not be able to buy multiple franchises for millions of dollars like Shaq, you can utilize many of the principles he uses to build a high performing retirement income portfolio.

Curious how?

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