Parents And Their Children In Gambling..

[X-ray]

Parenting is a method to make sure our child will not try to repeat what already happened with us. I meant about when you are seeing it the fact that if these days son will always follow what already done by their parents. I think that his son was repeating him caused by his seen saw what was happening with his daddy. Michael jordan is a rich guy but it doesn't mean if his dad was a billionaire and his son can do the same like him.
As a son from billionaire and he was wasting his money. That's not the same like son of another billionaire like billgates. I guess in this case media was also giving lots of contribution to form characteristics of his child.

[btc78]

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

but the child mentioned in this thread is not just having a billionaire parents but also earning His own bucks so he can gamble all his own money aside from his allowances .

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.

it is ok to live a normal life but to gamble in that extend ? that is for me a over spending .

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.

But if he is playing underage then he is not exempted from the law I believe .

[traderethereum]

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.

Because children are very susceptible to following what their parents often do, they can think that it is exciting and fun if they see us when we gamble.
They can carry the habit with them until they are adults and when they are grown up, it can have bad consequences.
But it would be better if the parents could stop gambling once they have children who grow up and teach them kindness.
This will also allow them to mature well and not try to gamble unless many people play gambling in their environment.
Whatever it is, parents must always take good care of their children.

[danadc]

Well I know that every parent is free to raise their children as they want, I don't know what Michael's son does, but what he is doing is not good, it is something bad, the money he is spending I imagine belongs to his father , but even so I consider that he can spend what he wants and embarrass himself as long as the money is his own and that he has earned it to decide how to spend it, that is something very delicate, I think that he as a father should make it very clear things and not throw so much money at them with such irresponsibility, I think that the children of celebrities do not manage to give them a good life, they believe that if they give them everything, I know that wealth is to be shared with the family, especially the children, but neither like that.

[stomachgrowls]

Well I know that every parent is free to raise their children as they want, I don't know what Michael's son does, but what he is doing is not good, it is something bad, the money he is spending I imagine belongs to his father , but even so I consider that he can spend what he wants and embarrass himself as long as the money is his own and that he has earned it to decide how to spend it, that is something very delicate, I think that he as a father should make it very clear things and not throw so much money at them with such irresponsibility, I think that the children of celebrities do not manage to give them a good life, they believe that if they give them everything, I know that wealth is to be shared with the family, especially the children, but neither like that.

Money is something needs to be spend but of course it should really be on the right way but since its their money and they do have the full rights on what they would gonna do then its none of our business.
Parents do raise up their children on different way.Some might be that too strict and some might be that too loose.Come to think that even we do monitor out our children then there's no way
that we could really see on what are the things that they've been doing.
If Michael is involved in gambling then most likely it would be ending up for those activities to be mimic out or to be followed by their children.You cant blame
them, they would definitely be doing up things basing up on what they do saw into their parents.

[|MINER|]

It is not a problem that he can get Huge Freedom because his father has Huge money.  But he should put that freedom to good use.  And his father's money should be spent on something that will benefit him . But here gambling and alcohol will destroy him and darkness will descend on his life in future . so his father should take care this And all sane parents do this

Nothing will good when it is going out to its limits. No matter how big you are, if you leave children out of control from a young age, then in the future they will not only become a threat to his life, but it will affect the entire family.  We constantly hear in the news that the children of rich people are getting addicted to various bad sides. Many times we have heard the rule of parents being killed by addicted children.  So I think children should take care of these aspects from childhood.

[abel1337]

It is not a problem that he can get Huge Freedom because his father has Huge money.  But he should put that freedom to good use.  And his father's money should be spent on something that will benefit him . But here gambling and alcohol will destroy him and darkness will descend on his life in future . so his father should take care this And all sane parents do this

Nothing will good when it is going out to its limits. No matter how big you are, if you leave children out of control from a young age, then in the future they will not only become a threat to his life, but it will affect the entire family.  We constantly hear in the news that the children of rich people are getting addicted to various bad sides. Many times we have heard the rule of parents being killed by addicted children.  So I think children should take care of these aspects from childhood.

Ofcourse, One example is spoiled brats where they are getting spoiled starting when they are a kind until they fully developed their brains. They are problematic and parents of those spoiled brats are for sure regretting what they did. This is the same way on teens, Where the things will get dangerous since they have the capacity of doing really bad things and the power of money they have. A teen that is addicted on gambling is for sure bad knowing that the control that the teen has is pretty much lower than the adult one. Parent are still in blame, Though they will be the one who will mostly suffer from their neglected responsibilities.

[fathafraink]

We are going to be using Micheal Jordan as our case study :

Micheal Jordan gambled away $5 million dollars in one night^[1], he is a Billionaire, but that does not remove the fact that that's a hell lots of money to gamble away in just one night, you might want to say he is an adult and a Billionaires, and he is free to spend his money in which ever way he wants - understandable... Now, what about his son?

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^[1][2][3], the report shows he threw away $35,000 in gambling while $15,000 went into drinking alcohol and girls in the club, and do not forget that it is illegal to drink and gamble under the age of 21 in the state of Nevada where they live....

The young lad even posted that night's expenditures on his Twitter account where he said , and I quote....

"Last night was stupid... 35K at Haze," the University of Central Florida sophomore guard said. "Totals 50K something the whole day."

but according to report, the tweet got deleted.

This (from the articles) I believe happened in 2010, but I believe it's a fresh story for those of us getting to know this for the first time,

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..

REFERENCES
Micheal Jordan -
[1] = https://www.pokertube.co
m/article/billionaire-michael-j
ordan-s-multi-million-dollar-be
ts-5million-craps-loss

Marcus Jordan -
[1] = https://www.espn.com/
mens-college-basketball/news/sto
ry?id=5513792
[2] = https://nba.nbcsports.com/2
010/08/30/marcus-jordan-tweeted-abou
t-underage-tweeting-gambling/
[3] = https://www.essentiallysports.
com/nba-basketball-news-just-like-father
-michael-jordan-who-lost-5-million-in-1-nig
ht-of-gambling-son-marcus-jordan-threw
-away-50k-in-1-wild-vegas-party/

Considering they were a rich family, maybe it didn't bother them too much (about their finances). Regarding the children, it is certain that rules and regulations are important things to be told to all children, so that they understand all the consequences, both from a legal and ethical perspective. so when they do, they already know what will happen to them.

[uneng]

That is why examples from parents are important in childrens' lives, because a parent is a mirror for his/her children. All the actions and behaviors a kid observes from his parents at home daily he is going to reproduce later when he grows up, especially if it's an example of success. In this situation, the son saw the father wasting money irresponsibly and without limits for many years, what didn't impact them financially negatively anyway, because they are wealthy. So, when he grew up, he did the same. But if this young had received an example of responsability and austerity from his father, he wouldn't waste 50,000$ like that in a single night of racket.

[fortunecrypto]

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.

It really on the parents and how they behave and how they treat the luxury that they have, Marcus like his father does not have high regard or give importance to money, they always think that they can earn that money anytime and celebrities like them are easy to get hooked to huge spending, Marcus have his father athleticism and competitiveness but he is trying to also imitate how he spends his money, people should learn on Bill Gates who always remember who is and where he comes from and always remembers his struggle so he values money and he uses it to help underprivileged.

[Wiwo]

That is why examples from parents are important in childrens' lives, because a parent is a mirror for his/her children. All the actions and behaviors a kid observes from his parents at home daily he is going to reproduce later when he grows up, especially if it's an example of success. In this situation, the son saw the father wasting money irresponsibly and without limits for many years, what didn't impact them financially negatively anyway, because they are wealthy. So, when he grew up, he did the same. But if this young had received an example of responsability and austerity from his father, he wouldn't waste 50,000$ like that in a single night of racket.

Exactly I don't really blame the child for blowing such an exorbitant amount in one night were his father lavished much more than that on gambling and drinking so the boy will follow in the father's footsteps, I don't know why some rich dads don't care about what they do before their kids and there by setting a bad example to the kids, knowing fully well that there are they children first role model and kids tend to follow the parent's footsteps.

[goaldigger]

Parenting is a method to make sure our child will not try to repeat what already happened with us. I meant about when you are seeing it the fact that if these days son will always follow what already done by their parents. I think that his son was repeating him caused by his seen saw what was happening with his daddy. Michael jordan is a rich guy but it doesn't mean if his dad was a billionaire and his son can do the same like him.
As a son from billionaire and he was wasting his money. That's not the same like son of another billionaire like billgates. I guess in this case media was also giving lots of contribution to form characteristics of his child.

I agree that sometimes media affects the behavior of every young people, and with this case since MJ is very popular the news before about him was very disturbing. Well, parents also to blame here for being too careless when they are around with their Children, if they gamble with their Children most probably they are influencing the young mind to be the same and this is what happened here. If we really want a better life for our children, let’s guide them until they can make their own decision.

[darkangel11]

What do you expect from a son when his father is such a role model.

On one hand you should keep your children out of trouble, but it gets hard when you cannot keep yourself out of it and the child sees it. Like when the father parties every weekend it's hard to expect the son to be a quiet kid who doesn't want to do the same. It's a well known fact that when children are beaten by their parents they often beat their children later in life.
If you don't want your kids to be gamblers at least don't show them how you gamble. Keep them away from this life.

[erep]

Exactly I don't really blame the child for blowing such an exorbitant amount in one night were his father lavished much more than that on gambling and drinking so the boy will follow in the father's footsteps, I don't know why some rich dads don't care about what they do before their kids and there by setting a bad example to the kids, knowing fully well that there are they children first role model and kids tend to follow the parent's footsteps.

If children tend to follow in the footsteps of their parents, it's natural but because the father is a gambler but I don't agree with involving children in gambling, maybe he is deliberately allowed to gamble to regenerate his father in the future. But whatever, I do not support the decision to involve children in gambling.

[danadc]

Well I know that every parent is free to raise their children as they want, I don't know what Michael's son does, but what he is doing is not good, it is something bad, the money he is spending I imagine belongs to his father , but even so I consider that he can spend what he wants and embarrass himself as long as the money is his own and that he has earned it to decide how to spend it, that is something very delicate, I think that he as a father should make it very clear things and not throw so much money at them with such irresponsibility, I think that the children of celebrities do not manage to give them a good life, they believe that if they give them everything, I know that wealth is to be shared with the family, especially the children, but neither like that.

[DoublerHunter]

Parenting is a method to make sure our child will not try to repeat what already happened with us. I meant about when you are seeing it the fact that if these days son will always follow what already done by their parents. I think that his son was repeating him caused by his seen saw what was happening with his daddy. Michael jordan is a rich guy but it doesn't mean if his dad was a billionaire and his son can do the same like him.
As a son from billionaire and he was wasting his money. That's not the same like son of another billionaire like billgates. I guess in this case media was also giving lots of contribution to form characteristics of his child.

^Or, they are just a rich family that they can afford whatever they want. Sometimes we always say here that gamble on what you can afford to lose, what if that amount the gamble is the amount that they can afford? Probably a billion dollars is the amount they can afford to gamble and lose in one day, so that is fine with them since we know Michael Jordan was a rich guy. About his son, probably that was a small amount for them. Now my concern is that this is not good to know that your kid gamble under age and spoiled them to spend money on their own, kids nowadays should know how to value money.

[serjent05]

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 think people from the United States lives more liberally than the conservative countries.  What looks like a taboo to us may not be the case in the other country and is a natural thing to them.  Saying anything against the other when we have different cultures is a biased thing IMO. But what I got from the story is that the son of Michael Jordan, Marcus Jordan is very lucky to have a father that enables to support him with lots of money.  There is no doubt that there is a violation there but we know Money can make anyone who loves it turns blind.  

That is why examples from parents are important in childrens' lives, because a parent is a mirror for his/her children. All the actions and behaviors a kid observes from his parents at home daily he is going to reproduce later when he grows up, especially if it's an example of success. In this situation, the son saw the father wasting money irresponsibly and without limits for many years, what didn't impact them financially negatively anyway, because they are wealthy. So, when he grew up, he did the same. But if this young had received an example of responsability and austerity from his father, he wouldn't waste 50,000$ like that in a single night of racket.

Exactly I don't really blame the child for blowing such an exorbitant amount in one night were his father lavished much more than that on gambling and drinking so the boy will follow in the father's footsteps, I don't know why some rich dads don't care about what they do before their kids and there by setting a bad example to the kids, knowing fully well that there are they children first role model and kids tend to follow the parent's footsteps.

The thing is the father spends his own money while the son spends his father's money. So basically you cannot make that as an argument because it is Michael Jordan's right to spend his money anywhere he wanted while the child doesn't have any right to spend his father's money.  But on the other note, I do agree with you, the father couldn't say anything because the son can just retaliate that he is only doing what he see's in his father.

The parent is alwasy been a role model for children.  So anything the son saw on his father he tends to follow it because the son think that it is ok since his father does the same.  So as a parent, we should be responsible to our action and do things that can give our kids a sample of being responsible and obedient to the law.

[nurilham]

^Or, they are just a rich family that they can afford whatever they want. Sometimes we always say here that gamble on what you can afford to lose, what if that amount the gamble is the amount that they can afford? Probably a billion dollars is the amount they can afford to gamble and lose in one day, so that is fine with them since we know Michael Jordan was a rich guy. About his son, probably that was a small amount for them. Now my concern is that this is not good to know that your kid gamble under age and spoiled them to spend money on their own, kids nowadays should know how to value money.

I'm sure they did it because they really have a lot of wealth. And the possible amount they have for gambling is the amount they can afford.
However, if they experience gambling addiction without being able to overcome it or manage it, won't this be dangerous? No matter how rich we are, if we continue to gamble without good management and analysis, this will make them lose and lose and lose a lot of money, right?
Therefore, whoever it is, whether rich or poor, when deciding to gamble, you should equip yourself and control yourself with very good financial and emotional management. ANd in this case, the role of parents is very important to lead their children to do whatever wisely.

[rby]

Exactly I don't really blame the child for blowing such an exorbitant amount in one night were his father lavished much more than that on gambling and drinking so the boy will follow in the father's footsteps, I don't know why some rich dads don't care about what they do before their kids and there by setting a bad example to the kids, knowing fully well that there are they children first role model and kids tend to follow the parent's footsteps.

If children tend to follow in the footsteps of their parents, it's natural but because the father is a gambler but I don't agree with involving children in gambling, maybe he is deliberately allowed to gamble to regenerate his father in the future. But whatever, I do not support the decision to involve children in gambling.

When children grow in a wealthy family some of the age restrictions are removed, even the way they grow will show they are not kids. Their parents allocates spendable money for them and they won't account for how they spent it. If someone is given money and given liberty to spend it, you will therefore not control how the person spends it. Also the money is there and looking for who will lavish it.
Tell me an underage who smashed 50k dollar per night, do you think he's looking for money? Maybe it's for fun and wait for another weekend to lavish another fund.

[ralle14]

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 doubt any parent would want their children to live in that kind of lifestyle and I have to agree with the others as i'd also point the blame on the parents because maybe Marcus was exposed to that type of lifestyle at an early age and was neglected by his parents.

Many times we have heard the rule of parents being killed by addicted children.  So I think children should take care of these aspects from childhood.

I've never heard about that rule but I remember reading an article about children being affected by their parents' gambling activity. It's possible for one to take care of their own problems but it's not easy for everyone though so it's still best to have some help from your parents at an early age.