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Shaquille O’Neal: “We Ain’t Rich, I’m Rich”

Laurence Tabanao Gayao, MD

Shaquille O’Neal grabbed headlines recently with his candid remark, “We ain’t rich, I’m rich.” This statement reflects his philosophy on wealth and work ethic, particularly in relation to his six children. Shaq believes that hard work is essential for financial success and personal fulfillment. He wants his children to forge their own paths and understand the value of earning their way. “You got to have a bachelor’s or master’s [degree], and then, if you want me to invest in one of your companies, you [are] going to have to present it to me. … Bring it to me, and I’ll let you know. I’m not giving you nothing,” he emphasized.

Shaquille O'Neal
Shaquille O’Neal and family

Shaq’s Legacy and Wealth

Shaquille O’Neal, a dominant force during his NBA career, earned over $200 million as a superstar athlete. Now, as a sportscaster, businessman, endorser, and actor, he has amassed an estimated net worth of $400 million. Despite his substantial wealth, Shaq is determined to instill in his children the principles of hard work and self-reliance. He doesn’t want them to feel entitled but to understand and appreciate the value of earning and being proud of their achievements.

Defining Richness: A Personal Reflection

The notion of what it means to be “rich” can vary greatly depending on perspective and context. Reflecting on my own upbringing, I recall my parents, both teachers, who provided a life that, by today’s American standards, might be considered below average. We lived in houses partially subsidized by the school my father worked for, had basic utilities, and relied on public transportation for many years. Despite this, we never felt poor; in fact, compared to those around us, we were considered well off.

College and Medical School Days

During my college and medical school years, I had the privilege of a full scholarship with a living allowance. Living with fellow students in shared apartments, we created a supportive and resourceful community. Contributions from each member, from furniture to transportation, created a comfortable living environment. This experience taught me that the concept of being rich or poor is often a matter of perception and context.

Perception of Wealth

Wealth can be perceived differently depending on one’s surroundings. Visiting the slums of Manila can make one feel wealthy, while visiting opulent homes in Forbes Park can make one feel poor. This perception is echoed by many who have served as missionaries in third-world countries, returning with a renewed appreciation for their own blessings.

Philosophical and Religious Insights on Wealth

In college, I was introduced to Eastern religions, and one of the four noble truths of Buddhism resonated with me: Samudaya, the cause of suffering, which is due to attachment and the desire to control things. Similarly, in Christianity, Luke 12:15 warns against greed, stating, “Life is not about having a lot of material possessions.” Solomon, the wisest man who ever lived, advised, “Enjoy what you have rather than desiring what you don’t have” (Ecclesiastes 6:9).

The Illusion of Material Happiness

Material possessions often provide temporary joy. This is evident in garage and estate sales, where items once treasured are sold for pennies. Studies confirm that buying material things doesn’t lead to lasting happiness. The initial gratification of new possessions quickly fades, leaving us seeking more.

The True Measure of Wealth

Robert Kiyosaki, author of “Rich Dad, Poor Dad,” highlighted the dual nature of money: “The love of money is the root of all evil,” but also “The lack of money is the root of all evil.” Wealth itself isn’t inherently good or bad; it’s the pursuit and use of it that matters. Many wealthy individuals live exemplary lives, using their resources to benefit others.

From a Christian perspective, wealth should not be the primary pursuit in life. Instead, glorifying God and using resources to bless others should be the goal. Being rich can enable one to do more for others, but even in poverty, one can still make meaningful contributions.

Conclusion: Richness Redefined

Ultimately, the question isn’t whether you are rich or poor. The more important question is, “Are you happy and contented?” True wealth lies in fulfillment, contentment, and the ability to appreciate and share the blessings we have. As we navigate our individual journeys, let’s remember that happiness and contentment are the true measures of a rich life.

10 Whoever loves money never has enough;
    whoever loves wealth is never satisfied with their income.
    This too is meaningless.

11 As goods increase,
    so do those who consume them.
And what benefit are they to the owners
    except to feast their eyes on them?

12 The sleep of a laborer is sweet,
    whether they eat little or much,
but as for the rich, their abundance
    permits them no sleep.

13 I have seen a grievous evil under the sun:

wealth hoarded to the harm of its owners,
14     or wealth lost through some misfortune,
so that when they have children
    there is nothing left for them to inherit.
15 Everyone comes naked from their mother’s womb,
    and as everyone comes, so they depart.
They take nothing from their toil
    that they can carry in their hands.

Ecclesiastes 5:10-15

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