What Shaq Did With His First Check — And His Advice For Others | CNBC Make It.

Shaquille O’Neal may be best known for his time playing basketball, but the retired NBA star is also a savvy investor and smart saver.

At least he is now.

“My first check, I blew it,” O’Neal, 46, said Friday on CNBC's "Fast Money." “I blew it in like 20 minutes."

But O'Neal wasn't just being careless with his money. "I bought my mom a car, dad a car, paid off their credit, bought them a house," he explains.

At the time, O'Neal says he knew he was young and would have more money coming in, and after that first splurge, he became savvier and started stashing more in savings.

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What Shaq Did With His First Check — And His Advice For Others | CNBC Make It.