Shaq Speaks Out About How He Expects His Kids to Earn Their Own Living
If you know someone with a famous parent, you probably automatically assume the kid is well off and can do anything they want. Maybe you’re jealous thinking that they have more money than you. That they have better clothes, car, a house…
Before you get ahead of yourself, know that that’s probably not always the case. For example, famous NBA player, Shaquille O’Neal’s kids. Shaq’s net worth is about $400 million—but does he plan to just hand that out to his kids just because he’s their dad? Heck no.
Shaq recently chatted about his notions free money for his kids on the Earn Your Leisure” podcast. His stance? Never. He explained that he’s explained to them that they need to earn their own money and doesn’t think they should just automatically get his cash just because they’re his kids.
Of course, kids being kids, they didn’t take it that well. They don’t see why, since he has so much money, why they can’t just have some of it. But Shaq is staying true to his word and doesn’t plan to give them a dime unless it’s earned.
“They’re kind of upset with me, not really upset but they don’t understand,” O’Neal said. “I tell them all the time, ‘We ain’t rich. I’m rich.'”
He went on to say that he expects all six of his kids to graduate college and earn their living the way everyone else does. He also talked about how if they have a company they want their dad to invest in, he expects them to present it to him in a professional manner and a make a good case of it.
People who listened to the podcast mostly agreed with Shaq.
“I respect that! He wants his children to earn it! And he said that he would INVEST in them, not GIVE it to them,” someone wrote.
“He’s right , tell your kids that snd make them have ambition and drive to get to where you’re at,” another said.
Some had mixed emotions about it. “I agree to some extent,” someone wrote. “I think education is very important. But people accumulate generational wealth also for the reasons that their children can pursue their real purpose and things they are passionate about that can make an impact on the world, whatever that may be. I think it’s honorable to want your children to have drive so they don’t become lazy, but we have to think outside the box of the traditional standard.”
And some people disagreed entirely.
“If I’m rich, my kids are rich!” someone exclaimed. “Hell is you doing all this work for if they can’t inherit the fruits of your labor? Proper financial literacy and leave them the legacy.”
What are your thoughts? If you were rich, would you share with your kids, or make them work for it?