Shaq to his kids: "We not rich, IM rich. Im not giving you nothing"

[Ya' Cousin Cleon]

Cac I use to work with at Wal-Mart blew $100K inheritance in three months

Plenty of cacs have ruined their parents business or spent all their parents money as a result.

 

[patscorpio]

if im not mistaken..shaq said his kids need a couple of degrees to have access to his businesses and money...but is willing to sink money into something his kids wanted to do for a business

 

[Scustin Bieburr]

Raise your kids in luxury for 18 years then tell them they on their own financially brehs

If I ever come into millions my kids won't ever think they're coming from a wealthy family. Theyll know we're doing okay, but they won't be getting audis and BMWs for their sixteenth birthday or going on expensive resort vacations every year. They gon think they're middle class until I pass away and they realize there's a family trust. By then ya boy will hopefully be so old that they'll be retired too

 

[Cel 510 kid ados forever]

This dumb shaq ados too

He should kno better

U pass down ur money to ur kids that the only way

White people and every other etnicity does this

 

[Gil Scott-Heroin]

I mean, this is more Shaq bringing humor to the discussion than anything else. At the end of the day, his kids will never have any concept of actual financial struggle.

 

[HoldThisL]

What I got from this is basically once your kids reach a certain age don't overspoil them.

 

[Cat piss martini]

lets be real........they aint ever gonna be
homeless or go without shyt.
I respect Shaq's stance.
I'm the bank.....you want money?
Get at me with a business plan to make money.

 

[ZEupTWN]

Of course its taken out of context

 

[Luke Cage]

basically he saying he won't give handouts, but he'll give them an interest free business loan that they never have to pay back. but they still have to qualify for the loan.

 

[Nicole0416_718_929_646212]

Rich cac boomers never did that to their kids

Just passed everything without question

Cause they stay on code


Fred

They don’t have any code. You stay saying the most ignorant stupidest shyt for a reaction

Mark Zuckerberg and his wife, Dr. Priscilla Chan, had announced via a Facebook post way back in 2015, immediately after the birth of their first child, that they will be donating 99% of their fortune to charity. The post was addressed to their first child, and it read, "We want you to grow up in a world better than ours today. We will do our part to make this happen, not only because we love you, but also because we have a moral responsibility to all children in the next generation."

Here's Why Warren Buffett Won't Leave All His Billions To His Kids: 'It's Harmful'

Actor Mila Kunis and her actor and venture capitalist husband Ashton Kutcher have made it clear to their kids that they aren't getting a slice of the million dollar pie. In a podcast hosted by Dax Shepard, Kutcher revealed, "My kids are living a really privileged life, and they don’t even know it. And they’ll never know it because this is the only one that they’ll know. I’m not setting up a trust for them. We’ll end up giving our money away to charity and to various things."


Daniel Craig says he won't leave his children an inheritance, thinks it's 'quite distasteful'

Simon Cowell says his child won't inherit his fortune because he will give it away

 

[Commish]

Hmm..

Is Shaq wrong???

Technically, he isn't wrong. It's his money! He can do as he please with it and nobody can really question how he handles his money..

However...

Will he pass is money down to his kids when he transition?

My guess is that he will do it...

He may just be one of those who believe in pulling oneself by the bootstraps.

As another poster has stated, non-Blacks with means do help their kids, but that doesn't mean all of them do. This is one thing people need to understand...

It comes down to what type of relationship people have with their parents/children. If there is any sort of tension, dissention, strife, etc., then the money train stops!!

If Shaq holds the position that he is willing to help his kids who help themselves, then I personally can rock with it.

I doubt he will have his kids out on skid row or some sort of homeless camp. They may have to let their dad know that they trying to be something in life while showing and proving. Do that and they should be good...

 

[Pegasus Jackson]

Selfish ass "made" nikkas the reason why generational wealth is a rarity in the black community.

 

[I'm Blackman]

I agree with him.

I remember Bill Cosby told one of the kids that during an episode.

 

[Thavoiceofthevoiceless]

if im not mistaken..shaq said his kids need a couple of degrees to have access to his businesses and money...but is willing to sink money into something his kids wanted to do for a business

His oldest daughter is in or has completed law school I believe.

I find his type of logic to be backwards as I'd rather have my kids fukk up the bread than random strangers that I leave the money to in my will instead. All money that's left to charity doesn't actually all go to charity.

 

[GnauzBookOfRhymes]

Only idiots believe any of this shyt. Even what those actors/billionaires said.