There may be two budding stars in the Smith family ... but are they ready to go out on their own?

On Wednesday, Will and Jaden Smith appear on the "The Ellen DeGeneres Show" and they're squashing a few of their family rumors.

Earlier this week, the media went wild when word spread that Will and Jada Pinkett-Smith were going to let their 14-year-old son emancipate himself -- check out the clip above to see what Will and Jaden say about him leaving the nest.

It doesn't look like the tiny "After Earth" star plans on going anywhere, anytime soon -- and we don't blame him!

"The thing that people don’t get is everything at this house is free. So I can get anything and everything at his house, so I’m going to be there 20, 30 more years. He [Will Smith] says as soon as I have a movie that’s bigger than one of his movies I can get my own house," Jaden explains to Ellen.

Sound like there's some friendly family competition!

The pair also shared a special deleted scene from their new movie "After Earth" -- did you know Ellen was in the flick?

Check out the never-before-seen clip:

Are you going to see "After Earth"? Tell toofab in the comments below!

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