Parents And Their Children In Gambling..

[arimamib]

But whatever it is, both of them are very lucky because they have a lot of money but let's imagine if they don't have much money, what will happen?

Can't imagine, can only lament the fate of accepting reality.
For this reason it is not advisable to show gambling habits to children, because there will be more tragic things that can lead to them in criminal cases if the parents do not have the money to pay the arrears of their children.
Gambling habits favored by parents should be kept secret from their children, they should not follow the habits of their parents when they were teenagers, because it would make the children's future even more bleak.

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[inthelongrun]

It's hard to comment negatively on Michael Jordan spending $5 million of bets in a single night. Aside from being a billionaire, he is also a successful businessman. We can take it in a positive or a negative way, it doesn't erase the fact that he is successful in managing his assets.

His son though is another story. According to the laws of Nevada, it was wrong, so that's it. I guess they just settled it with the authorities privately. But I guess all of us here tasted alcohol and gambled even before reaching 19 years old? But making it public, especially for a son of a celebrity is a big NO. That kid was just feeling arrogant, as if it was his own hard-earned money being spent.

[arwin100]

But whatever it is, both of them are very lucky because they have a lot of money but let's imagine if they don't have much money, what will happen?

Can't imagine, can only lament the fate of accepting reality.
For this reason it is not advisable to show gambling habits to children, because there will be more tragic things that can lead to them in criminal cases if the parents do not have the money to pay the arrears of their children.
Gambling habits favored by parents should be kept secret from their children, they should not follow the habits of their parents when they were teenagers, because it would make the children's future even more bleak.

Kids are more prone to huge risk because they are one who can easily get fooled by uncertain things they see on internet that's why exposing them on gambling activities at early stage is dangerous to them because they might do the things we can't imagine like stealing someones money or do other un wanted favors just earn money. So its better to hide our activities as long as we can but if we cannot do it as they discover this by their selves then proper guidance is needed so that they will not step on wrong expectations about this things.

[NotATether]

Marcus Jordan is just 19 years old, he spent a whooping $50,000 dollars in one night in Las Vegas on gambling and drinking in a strip night club...
~

People be thinking that slots machines are the new get rich quick scheme (without realizing that part - only thinking in terms of thousands of dollars).

The smart person knows that gambling brings at most transient wealth only - to build generational wealth requires investing or a career.

[Solosanz]

Kids are more prone to huge risk because they are one who can easily get fooled by uncertain things they see on internet that's why exposing them on gambling activities at early stage is dangerous to them because they might do the things we can't imagine like stealing someones money or do other un wanted favors just earn money. So its better to hide our activities as long as we can but if we cannot do it as they discover this by their selves then proper guidance is needed so that they will not step on wrong expectations about this things.

The thing is when you've already explain and describing a complete guidance for your son in order to not gamble or just gamble with an amount he can afford to lose, but kids is still a kids, they will broke your rules and try to gamble until he can get jackpot. This is why you must hide your gambling activities and make sure no one discover it, you must hide it at all cost.

Maybe you haven't had any kids yet, that's why you don't know if kids mostly did against your advice.

[Baofeng]

Marcus Jordan is just 19 years old, he spent a whooping $50,000 dollars in one night in Las Vegas on gambling and drinking in a strip night club...
~

People be thinking that slots machines are the new get rich quick scheme (without realizing that part - only thinking in terms of thousands of dollars).

And if by chance they won and become rich through gambling, I don't think that can sustain it for years as obviously they will try to go back to it and see if they can won again, but then realized that they shouldn't push their luck because it's not going to happen again.

The smart person knows that gambling brings at most transient wealth only - to build generational wealth requires investing or a career.

Yes, investing is the best way to build wealth that can maintain and appreciate it year by year. Not by trying to get rich by that one long shot in gambling. It's better to try your 'luck' in investing rather than putting your future in gambling, just saying. I'm not saying that we shouldn't gamble because I myself do play from time to time. But I gamble to have some fun and have a budget.

[wiss19]

What do you make out of this story, should we really allow our children to live such a lifestyle like gambling and night clubbing, most especially, when they are still under aged?

Of course not. This is very wrong and what makes it look more wrong is that they are a celebrity. No wonder why the tweet got taken down because this is a shameful act but good thing that twitter still cares about the reputation of mj. Maybe the founder is a big fan?

Anyways, the news had still being circulated around the web so they can't escape it but I think this single mistake won't erase the fact that mj is still a superstar and had a big contribution in the basketball field. He gives so much inspiration and changed so many lives but not this issue where they involved at (obviously). I wonder if mj encourages his son or his son discovers his dad's habit but his dad is too kind to let him experience it.

[jostorres]

It’s just a pure example of rich spoiled brat.
We can’t do anything regarding this. They are brought up like this.
They are hell out of rich and they do gambling in order to entertain not to earn.
Regarding the underage thing, yes definitely as a parent you should take care of it. But as I mentioned his parents are rich, so definitely the kid got huge freedom for anything he want.
When you are rich, you can buy almost everything. Even the laws.

Yup the kid is spoiled because why would his father allow such act when he himself know that it's inappropriate? I think this is common in rich countries like the U.S but in Asian part countries, parents disciplines their children well. There are so many things which can provide entertainment and at the same time appropriate for underage people.

Video games for example. It won't really be a big deal if the kid only plays gambling at a formal casino or on their homes but it is said that they play gambling in a club where there are wild girls and there are alcoholic drinks. I wouldn't be surprised if they also took some drugs during their sessions. Tsk, tsk.

[Haunebu]

Yes, investing is the best way to build wealth that can maintain and appreciate it year by year. Not by trying to get rich by that one long shot in gambling. It's better to try your 'luck' in investing rather than putting your future in gambling, just saying.

Many people prefer gambling over investing since it's a lot easier to get rich quickly through gambling when compared to investing despite the odds being stacked against them. Such people lack patience needed for investing in the long-term.

I wonder if mj encourages his son or his son discovers his dad's habit but his dad is too kind to let him experience it.

I doubt he would have encouraged his son to go out and blow 50K in a single night since he knows how tough it is to actually earn money.

[Flexystar]

I am definitely grounding my son/daughter if they even speak about the gambling before the right age and before they start earning on their own. The way we earn money is not simple. It literally flashes me all the life right in front of my eyes, the school, degree, post grad, the fees and food and everything man. Those 5ml is like 5-10 years+ combined salary without spending a dime on anything. So basically it would take another decade to combine it if we kept the life running with only basic needs. I can't let anyone in the family allow this kind of shit if they are not responsible. I am myself gamblingmoney all the time on sites like roobet, duelbits, stake, freebitcoin etc however my hands are off the keyboard if I am seeing slightest chances of loosing my temper. Definitely gonna be strictest parent for such habits.

[cabron]

Rich kids.  It always going to be this way when they find out its okay since they can afford it.

and with a parent like this famous and billionaire ? indeed this will happen mostly 

Mike Jordan for the most part seem did not grow up rich and can spend millions during his teen life. Marcus is also a basketball player. I guess he just have to be successful with that too. Marcus is probably is not influenced by him in terms of his gambling. I'd give that to Mike at least but it was later on that Mike dive into gambling that his son learned it. 

Not sure what you mean by that but Micheal Jordan had been into gambling for long now and impossible that His son have just learn about that .

and also , I believe that he was influenced by His father because of Micheal's almost addiction to gambling.

You mean even before he become famous and billionaire he was already gambling millions?  I doubt that I grow up watching Bulls, Phoenix Suns etc we didn't hear a news about him getting involve in gambling. He must have started when he already have money and can afford to waste it.

His son managed to become a basketball player as well in college. That must have also been thru Mikey's influence. He is a good father still. Don't take that away from at least a merit for it. Like I said, Rich Kids do it because they can afford.

[goldkingcoiner]

What do you make out of this story, should we really allow our children to live such a lifestyle like gambling and night clubbing, most especially, when they are still under aged?

Let's discuss about this..

I do not think we should let children live a life like this because to me, and to a lot of people, this would constitute mental abuse of children. Their brains are not developed yet and they need adults who teach them good from bad, right from wrong. The last thing they need is to grow up around gambling and night clubbing. They will act differently than the other children and might become outcasts which will have very damaging effects on their adult years.

Kids need to have  a childhood. And to be around kids their age. Thats really important. If the gambling/night-clubbing parents are social outcasts, this can reflect very negatively on the child's development as well.

[passwordnow]

What do you make out of this story, should we really allow our children to live such a lifestyle like gambling and night clubbing, most especially, when they are still under aged?

I wouldn't. Well, that's a different case since Marcus is from a well known and rich family so he has all the means to do that.
But for someone like me, we don't have the privilege to spend like that even on a simple party. It really all depends on how you taught your children on things like this and that guy, Marcus was already on the age that teens would likely be unstoppable with what they wanna do and that's to have fun.

[KennyR]

Different levels of people have got different lifestyle. This means when the father is rich, the son will enjoy the luxury and doesn't care about money. Maybe around 25% exception among the rich list. The same with a common man will happen according to his financial capability. This can be few hundred dollars to the maximum. Here the son won't follow the footprints of his dad, because he is on the verge to reach next level of his life. Parenting is a must, but it won't give expected results all the time.

[Slow death]

I couldn't read the article because the OP links don't work, so I don't know this story took place in what year and day, it's also important that we know the date the father spent this money and the date the son spent it this money, we also need to know if the father was a regular player or if it was only on that day that he spent that high amount, then we need to know if the son was a regular player or if he just played that day and with that high amount, too we need to know if the son was playing with his father's money or he was earning his own money, because there are certain times when the person is someone who has money (rich) sometimes it takes a lot of money to play, so in this scenario I think there is not problem, because if the person works or has a business and can take a lot of money and play sometimes because even if he loses he won't need it then there's no problem. it becomes a problem when the son is playing with money given by the father and still plays with a lot of money and regularly, but this happens a lot with children of rich people that their parents have not been able to educate them well

[Hamphser]

Different levels of people have got different lifestyle. This means when the father is rich, the son will enjoy the luxury and doesn't care about money. Maybe around 25% exception among the rich list. The same with a common man will happen according to his financial capability. This can be few hundred dollars to the maximum. Here the son won't follow the footprints of his dad, because he is on the verge to reach next level of his life. Parenting is a must, but it won't give expected results all the time.

Yes and that lifestyle would be entirely depending on how much money your family has or simply the status and if you are simply a millionaire or billionaire even your parents are then it would be understandable that

as their children then it would really be just normal that you would really be living a life which is really more than into those people who do earn on those basic salary or basic earners.

You could do some things which other cant and thats the power of money and influence.You could really make yourself exempt on various situations.

[dothebeats]

At the end of the day, parents are hugely responsible for what their kids have become since they should be the ones checking on them while they are growing up. In the case of what OP shared, I guess the parent should be at fault since they should have guided their son to not let those things happen. They are still legally responsible for their son too, so I think Jordan should take the responsibility for his son's actions, especially the underage drinking part. Michael's lifestyle reflects what his son did, and there is obviously something wrong with that. Just because you're rich doesn't mean you can do everything and anything especially if it breaches some laws, but oh well.

[Eureka_07]

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It will be preferable to not allow them to be engaged on these kind of activities, specially if they are underaged. However, if we can't possibly take them away fully to these things like gambling, probably we should make them to be open minded with these topics/activities. Explain the risk and what are the bad effects of doing these things so. If they are on proper age and thinking, I would not force them for gambling. I think what parents can do is to make them disciplined enough to choose what should they do and what not they should not.

[Lanatsa]

At the end of the day, parents are hugely responsible for what their kids have become since they should be the ones checking on them while they are growing up. In the case of what OP shared, I guess the parent should be at fault since they should have guided their son to not let those things happen. They are still legally responsible for their son too, so I think Jordan should take the responsibility for his son's actions, especially the underage drinking part. Michael's lifestyle reflects what his son did, and there is obviously something wrong with that. Just because you're rich doesn't mean you can do everything and anything especially if it breaches some laws, but oh well.

This is true, just for example which we do have a neighboor which is a millionaire but turns out that their kids are truly that low-key or down to earth kind of behavior which they do really make some normal interaction and treatment into us neighboors without minding that much about financial status in life.This is where you could really say that they had been raised by their parents well without having any problems
in regards on being too materialistic and just want to emphasis much on living a normal life or those typical living where they arent seeing or making themselves to be top of others.
Very well trained and good guidance by its parents which is commendable.

[Rengga Jati]

Every family may have its own rules and upbringing and education of their children, and this is of course different. Likewise, with the case, this will mean different when our point of view is not the same as Jordan's.

But if it's from me personally for my children in the future, as much as possible, I will not introduce gambling activities, in any form. Therefore, it is my responsibility as a parent to direct it in a good direction.
However, when our children are considered adults and are able to generate their own income and are able to make their own decisions, then I cannot restrain them. No matter how hard we forbid or hide it, then they may know and learn from other people or learn by themselves because even more so there is so much online gambling.

Therefore, as a parent, I can only provide understanding and understanding to them about the risks of gambling. And entrust to them what they should do wisely and responsibly with whatever their decision (if they try to gamble). But on the other hand, we must also continue to monitor, if they are too addicted to gambling, we as parents must also help direct and awaken them.
But I personally once again do not want to take them to gambling.