If you know a famous parent, you assume their child is well off and can do anything they want. Maybe you think they have more money than you. They have a house, better clothes, and a car.
It is possible that that is not the case. For example, the kids of a famous NBA player. Does he plan to give his kids his $400 million net worth just because he is their dad? Hell no.
He talked about his idea of free money for his kids on the show. His stance? Never. He told them that they need to earn their own money and that he doesn’t think they should get his cash just because they’re his kids.
Kids being kids didn’t take it well. They don’t understand why they can’t just have some of his money. It is true that Shaq does not plan to give them a dime unless they have earned it.
“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 said that he expects his kids to earn their living the same way everyone else does and graduate from college. He talked about how if they have a company they want their dad to invest in, he expects them to present it to him professionally and make a good case for it.
People who listened to the show mostly agreed with him.
“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 because 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.”
Some people disagreed completely.
“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 you thinking? Would you share your wealth with your children or make them work for it?