Parents And Their Children In Gambling..

[YOSHIE]

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 often read stories about parents and their children betting in the gambling arena, I assume Marcus Jordan is not a child anymore he is 19 years old, Marcus has been able to draw conclusions in his life without the guidance of his parents to determine his life, continue gambling or stop.

I also asked and wondered at what age Michael Jordan involved Marcus in the gambling arena, that was regardless of their billionaire family, but that needs to be questioned, considering that Marcus is used to betting $50k in a night, this is a sign that Marcus is not a new kid who gets involved in gambling.

I conclude in the story, actually who has the full rights and decisions about Marcus' life lies in himself, not when Marcus was 19 years old to say something to Marcus by Michael.

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[FatFork]

Parents usually combat problematic gambling in their children through education or monitoring, but these methods are not effective at the age of 19. The fact is, no one knows how to deal with this issue, and even if we did, there's no way to stop children from gambling at that age. If you want your children to gamble responsibly, then immediately start educating them on the risks of gambling at an early age. The sooner they learn about these risks, the less likely they will be to develop a problem with gambling later on in life. It's important to keep an eye out for warning signs that your child may have a gambling problem, as well as teaching them healthy habits with money as soon possible.

[Rruchi man]

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?

The lesson you can always draw from stories like this is that as parents, you should always be careful about the habits that you let your children see you have at an early age in their lives. If you let your kids see some of your habits and you do not talk to them about it, it is an indirect endorsement and validation of such habits to them. As a parent, you owe it to your children to guide them properly not to make the same mistakes as you did.

[Haunebu]

This is what power and money is capable of op. Jordan's son is an elite which implies that the usual rules which apply to common citizens don't apply to him. Anyone who thinks that they do need to get their heads checked.

The only people that can point the kid in the right direction are people who he would listen to without a doubt(Family etc).

On the other hand, commoners should be allowed to gamble as much as they want as long as they meet the legal age requirement. Their futures lie in their hands obviously.

[len01]

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?

although i am a gambler but i never let my child know about gambling. it may sound like i'm selfish but i also have a desire that if my child is an adult he should be able to put his money in the right place such as opening a promising business in the future, not putting money on the gambling table.
not because i am selfish but i have been in gambling for a long time and whatever happens in gambling is very bad if you can't control your emotions especially if you are young it is very difficult to control emotions.
so in conclusion i will never allow or tell about gambling to my child, because it will affect my child's future.

[$crypto$]

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 have posted several times on this forum that my kids may not know that I am gambling, that I would prefer only my wife to know about it. I still do not know what would be my conclusion about this yet, if it is right thing for someone to let his children to know if he is gambling or not. But I am still thinking that it would be most appropriate to let them know but to teach them how addiction can be and how to avoid it. But as of now,I am having plan to just hide it from children and yet let them know what is gambling addiction and how to avoid it.

That's what I do to keep it hidden about gambling and don't tell them unless I advise them not to gamble underage because this will certainly have a bad impact with severe addiction, so I always accompany so that he doesn't become excessive especially on the internet very broad and now there are many gambling advertisements everywhere on social media, therefore I always give advice not to play gambling even if you try, I will forbid until he is an adult and can make the best decisions.

As for the story above, I think it's too much freedom, so he can do what he wants, but I don't want it to happen to my son so I will continue to monitor him.

[Fortify]

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..

It's hard to pass judgement in this scenario for me, because they simply exist in a different realm of wealth than 99.999% of the worlds population. The figures they talk about sound huge, they are huge, but to them it still makes up a proportionally tiny amount of their wealth. You only get to be young once and it is nice that Michael Jordan gave his son some chances to let loose and really have a wild time, people need to learn the limits or he might have gone even crazier if he got access to it later in life. To me though, it seems that Michael has a serious gambling problem if he is losing that much in one session, but we don't really know how much he scraped back out of it.

[Hispo]

I would feel more worried about these people influence over the youth rather than them, they have plenty of money and if the wanted to they could pay for therapy or exclude themselves off all casinos in Las Vegas.

The real harm comes with impressionable children and teens lurking on Tweeter and other social media seeing these people gambling copious amounts of money and they may feel tempted to gamble themselves at least once, out of curiosity or in order to get money or clout.

Yes, it is sad the situation of this person and specially his child, but they are far from having real problems yet, unlike some people they could be unwillingly introducing to gambling before the age. That is the only message they are giving to the world: "I can gamble, drive and pay women while under legal age and get away with it", a bad one.

[Wiwo]

 Other rich people should teach their children how to value money, and they should learn to work hard for it before getting it so that they grow up knowing and knowing how to appreciate the money they worked for.

Lot's of rich kids are spoiled rotten. The world exists as their playground and they respect noone. If they get into trouble daddy will pay and get them out. Obviously that's not how they should act, and not respecting money will land them in the poorhouse fast if they don't learn but sometimes a hard lesson is what's needed for them to learn. Or the parents need to cut them off and start teaching tough love.

Exactly a lot of rich kids misuse the money they don't work for and their don't know what it is to work for money so their don't know the value, as you have rightly said they need to thought a bitter lessons about life and his to value things. And even the parent are not spared in this miss behavior of their kids because they allow their kids to have access to lots of money without teaching them the value of money so the kids tend to lavish the money.

[Fatunad]

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..

For those people who do have the money then most likely their children would really be ending up on high chances on going into that path when it comes to spending but of course it would really be depending
on what they do see into their parents.If its involved on gambling then likely your children would really be gambling too and since you are that financially capable or simply billionaire then its impossible
that your children wont really be having money which means they could spend up on what you had given into them.If you dont like for them to get involved with gambling or going too all out
with alcohol and girls then good parenting would be the key.Somehow there are certain conditions that even how well you do make your children aware of these right path
but there are ones who do really goes opposite.

[qwertyup23]

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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..

Interesting take on this- I guess that the son of MJ was influenced by the lifestyle of his dad. We all know that MJ is a notoriously big spender in gambling- there is even a rumor that the reason on why his father was killed involved gambling. It is like, it is innate in the nature of MJ that he is very competitive in all aspects of his life, not just in basketball.

Our sons see their father as their role models. There was an article that I read that our children mimic the actions of their parents while growing up. Maybe this influenced Marcus in his gambling spree. Though they are rich, this kind of practice must be corrected and stopped as this can be definitely his downfall in the future.

[TimeTeller]

<..snip..>

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..

Interesting take on this- I guess that the son of MJ was influenced by the lifestyle of his dad. We all know that MJ is a notoriously big spender in gambling- there is even a rumor that the reason on why his father was killed involved gambling. It is like, it is innate in the nature of MJ that he is very competitive in all aspects of his life, not just in basketball.

Our sons see their father as their role models. There was an article that I read that our children mimic the actions of their parents while growing up. Maybe this influenced Marcus in his gambling spree. Though they are rich, this kind of practice must be corrected and stopped as this can be definitely his downfall in the future.

The problem is who will guide these kids if his parent was into this industry?
There should be other family members that he can look up to or at least has the concern to their actions.
But it all sums up, it is how the parents instill the discipline to their kids.
They will also learn their lessons at their own time.. They will also mature in time.

[dataispower]

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 have posted several times on this forum that my kids may not know that I am gambling, that I would prefer only my wife to know about it. I still do not know what would be my conclusion about this yet, if it is right thing for someone to let his children to know if he is gambling or not. But I am still thinking that it would be most appropriate to let them know but to teach them how addiction can be and how to avoid it. But as of now,I am having plan to just hide it from children and yet let them know what is gambling addiction and how to avoid it.

Your kids knowing that you are a gambler does not have much effect on them. Theirs nothing wrong for you to be polite and sincere to your family, i want to use illustration to differentiate these, a father of kids who is a smoker and the children have known that their father is a smoker, that doesn't mean that all it's children will be a smoker, because theirs is every tendency that they might not involve in smoking even though their father is alive or liveth. A gambler does not need to hide it's pleasure to it's kid's so that they won't go behind to pertake in gambling. The best is to educate them the implications of gambling.

[edgycorner]

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..

It is definitely not advisable to allow our children to live such a lifestyle like gambling and night clubbing, especially when they are still under aged. This is because they are still developing and are not yet fully mature to be able to handle such responsibility. They may not be able to control themselves and end up spending too much money or getting into debt. Additionally, gambling and drinking alcohol can be addictive and lead to other problems such as financial difficulties, relationship issues, and health problems.  This is especially true for someone who is young and does not have a lot of experience with money.
It is important to teach our children about responsible spending and gambling from a young age so that they can make better decisions when they are older.

This kid is going to live a messy life and will amount to nothing.

[harizen]

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?

No pun intended but parent-to-parent talk between us, is this even a question?

Kids are full of curiosity while they are growing. Of course, we don't want them to be involved in that activity at an early age but honestly, there's no 100% way to prevent them from encountering those activities as it's not all the time we can watch them. Aside from that, prohibiting them will just lead them to aggressively find their way to do gambling or night stuff, etc.

Give them a sort of friendly talk related to gambling, while at breakfast, lunch, dinner, etc. It's not that the majority of the kids will be interested easily in gambling. I have known some rich friends of mine way back during our minor age that even though they have lots of money, don't really have an interest doing gambling even until now.

[Lanatsa]

When you do have lots of money then you can have everything and you could really make things arranged according on what to your likings even there are some rule and laws in regarding
alcohol which if you are a son of a billionaire or someone who is popular then there would be something that certain exemptions or vip treatment or so, which is something not that surprising
if we do speak out about reality.

Just let them be on their business, its their money, their rules.Its impossible that someone arent aware on regarding on the actions that they had made.
Its their choice, so better not to stress yourself out.

[lienfaye]

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?

If you're a concern parent, you would not allow your kids to do such thing (particularly gambling). However, it depends how you educate your kids because it's fine to let them do things that they can enjoy but there should be a limitation. If my kid is still underage then these things are not possible (clubbing and gambling) but I will make sure to make him/her understand the reason on why it's not allowed and that is through good communication and our close relationship.

Anyway, it's different for rich people. Marcus Jordan is from a well-off family and money is not a problem. It seems he's spoiled kid who can do what he want and didnt mind regardless of how much money he is spend for leisure since they're rich.

[Don Pedro Dinero]

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...

I believe happened in 2010

Michael Jordan net worth was around 550 millions of USD in 2010.

It may seem like a lot of money to us, but it is a question of ratios. Him spending $5 million in one night at the casino is like someone who has a net worth of $100,000 spending $1,000 in one night at the casino. It's not something you can do every night because it would lead to ruin, but once in a while you can afford it.

Now, what about his son?

It is a problem common to many children of wealthy people who find themselves with a great deal of wealth that they have not had to work hard to earn. They do not appreciate the value of money and many often end up badly off if they are not strictly educated about it.

[aioc]

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.



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?

It seems the son wants to beat his father's record as a basketball player and in spending his earnings on vices, Michael knows there are a lot of problems when you are a compulsive gambler, he's been there so he should make sure that his son will not follow his addiction, he'll have a problem if his son become one just like what he did to his father, I'm sure there's a father and son talk about Marcus activity, he should be a good example to the youth this era is very different from Michael Jordan because of social media's people can easily expose you, compared to the times of Michael that many people do not know about his gambling addiction

[Pandu Geddon]

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?

even if I or you are a rich man. definitely won't let that happen to your family, especially your child.
it is not a joke that can be done by teenagers who are just starting to grow up.
Even though we are adults, sometimes we have no control over what we do at gambling tables and nightclubs.
however, the child will see and imitate what his father did. whether right or wrong, parental control is certainly important. we must provide boundaries that children should not cross.