Parents And Their Children In Gambling..

[wxa7115]

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..

For a long time we have known that whatever vices the parents may have tendency to be replicated by the next generation, so while in theory Michael Jordan can do whatever he wants as he is an adult and he is awfully rich he ran the risk of those flaws manifesting on his kids.

And for what we can see this is exactly what happened, and the worst part is that it is going to be very difficult to try to correct this behavior, because if he tried to do so then his kid can always point out to the fact he is an hypocrite, as his father would want him to stop doing something which he was not willing to stop doing himself.

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[Strongkored]

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'm sure many agree and say that parents don't want to see their children gambling and do night clubs because it's not something that is considered good by many people, but what parents do will surely be imitated by their children that's why parents shouldn't do that and even though there are parents who are able to hide such activities but surely one day it will be open and known by other children and relatives.

[Reatim]

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'm sure many agree and say that parents don't want to see their children gambling and do night clubs because it's not something that is considered good by many people, but what parents do will surely be imitated by their children that's why parents shouldn't do that and even though there are parents who are able to hide such activities but surely one day it will be open and known by other children and relatives.

as parent ? Yeah I don't want my children to learn or visit gambling sites and also strip clubs but this will only take effect until they reach a certain age and capacity in life because this is part of every peoples experience .
what I only wanted to contribute is to give them advises and become their example on what this can bring them if they don't pay attention to the danger of entering those vices , and with those maybe in time they will use those advises in saving their life.

[Wexnident]

I'm sure many agree and say that parents don't want to see their children gambling and do night clubs because it's not something that is considered good by many people, but what parents do will surely be imitated by their children that's why parents shouldn't do that and even though there are parents who are able to hide such activities but surely one day it will be open and known by other children and relatives.

I'm actually quite fine with it, as long as they're of age and can properly take responsibility for their actions. I'm more inclined to let them have their freedom as long as they can take responsibilities properly, so on top of said freedom I can give them some responsibilities they need to handle. Carrot and stick approach so to speak. Problem in this scenario is that they're too rich that no amount of "responsibility lessons" could do it since well, money speaks for itself.

[peter0425]

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.

parents  has their own way of bringing their children to maturity , some of us are very strict or old fashion , but there are parents that is practical and advance in which letting their child learn in early age and maybe this is how Micheal wanted to.

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.

specially when alcohol takes effect because this can lead us to decide wrongly .

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.

and we must let them see only those good things and never the bad side of each areas .

[bittraffic]

With so much richness, it's hard to see thier kids not spending what they have. If they saw thier father spend more than $50k a night, it's not going to be a problem for them. The less fortunate as trying to earn more money and the most privileged trying to spend more money. Marcus is lucky to have a father who can provide everything.

[acroman08]

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..

only irresponsible parents would allow their kids to live such a lifestyle. that being said, I am not sure if Micheal Jordan allows/condones what his son did. reading the article it seems that Marcus Jordan had talked with his parents regarding the incident.

anyway, it's good that the casino he gambles in was being investigated. I wonder if the casino got fined for this incident.

[Kakmakr]

The thing is.... people with money get bored of the every day things that we might think that are awesome. They do the most incredible things, like going on holiday 7 times a year and they travel the world and eat in the most expensive restaurants.

A lot of them are looking for something that will give them a rush of adrenaline and pleasure and they might find that in Sex or Drugs or even gambling. The adults do this and the children grow up and they do that too... so the parents are setting a bad example and some of them just flood the child with money..so that the adults can have a great time, without having to spend time with their kids. 

[cabron]

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

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. 

[rodskee]

Have a friend that been brought by Her parents to learn gambling in younger age , and once also being introduce to casino as much as he entered 18(as it was the allowed age in casino here in my country .
but this is His biggest regret as a person because at younger age also that he become an addicted gambler.
now lucky that he had changed and not turning into gambling anymore.
i am telling this because I used her as an example to my Son to not falling into gambling again.

[Mauser]

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 our kids are already studying at a university than I don't think we can forbid anything to them anymore. As long as they are minors gambling should never be an option, but once they leave the house and become young adults things change. Under aged children are not allowed in casinos and this could lead to legal consequences. If a kid has access to 50,000 USD as minor there are definitely things wrong. Another issue is if the father is doing gambling himself and spends a lot of money in the casino. Would you ever listen to your father if he tries to forbid you something he is doing himself? I personally wouldn't listen to my dad. As for Michael Jordan he has so much money that gambling away 5m USD won't hurt him. The bigger problem is the publicity of it when he brags online about it and seem to not care about it. His fans might become angry and it will hurt his sales.

[Darker45]

Like father like son. That's it. I'm not saying Marcus learned his vice from his father, Michael, but if this is what he's doing, how could Michael lecture him about it? Michael is also doing it himself, if not in a highly different level, so could he tell his son to stop doing it because it is bad?

Anyway, it's their money. They have the freedom to spend it any way they want for as long as nobody is harmed in the process, although Marcus should have been penalized for violating laws. And, of course, we all know those large sums could have been spent in a much more meaningful or better way. But I'm respecting their choices of course.

[Docnaster]

Like father like son. That's it. I'm not saying Marcus learned his vice from his father, Michael, but if this is what he's doing, how could Michael lecture him about it? Michael is also doing it himself, if not in a highly different level, so could he tell his son to stop doing it because it is bad?

You understood thr correct thing from the above story, but I just understood completely different thing from the story. What I understood is that some people have grown above calculating how they will spend their money so that it will be enough. Some persons have much money that they no longer care how their children uses it because the money can't finish and probably their children or themselves will not enter into any problem that money cannot solve. Most times the law is for the poor.

[kotajikikox]

In our days now that teens and children are getting mature too early that their ages? meaning they wanted to explore the world younger than what we have back then?  yeah I maybe interested in letting my kids do what is also posted here in thread but of course let them to understand limitation and never to spend so much that they cannot afford.
lets be real that youngsters now are far different from what we are in the past.

[len01]

With so much richness, it's hard to see thier kids not spending what they have. If they saw thier father spend more than $50k a night, it's not going to be a problem for them. The less fortunate as trying to earn more money and the most privileged trying to spend more money. Marcus is lucky to have a father who can provide everything.

yes indeed Marcus is a lucky child to have a rich father and maybe his father's wealth will never run out and a father will be sad if the money given to his son is not spent. but at least Jordan as a father should not allow his son to gamble even though he is rich but he needs to educate his son to spend his money on more useful activities like investing or anything that can help others.
if from a young age it has been shown about gambling, maybe the child (Marcus) will continue to spend his money on gambling and at night clubs. so that the child will always be spoiled when he runs out of money he will always ask his father without being able to find his own money.
for me, allowing a child to play gambling is not very good, even though no matter how rich it is better to be taught about investment, not gambling.

[btc78]

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.

[traderethereum]

If the parents don't show their habit of gambling, I don't think their children will imitate what their parents do either.
But in the case of Michael Jordan, it seems because he is a celebrity where the media will expose everything he does.
It's what his son finally saw and thought that what his father was doing was okay for his son.
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?

[bitterguy28]

It is our obligation to help our children have a better and safer life , and we must be the best example for them not to go in wrong direction .

Wondering How some of us feel if we are not into gambling but we will find our children is starting to gamble?

for me about this Jordan family ? the son only learn gambling from his father and someone that he is looking up to.

[||bit]

It’s very interesting concept,when the entire family had their investments in gambling.In my family,My wife and Son doing gambling using my gambling statics.By this we all earn some money at the end.It’s essential one to get some good money from the gambling using our family resources.Human capital should be used wisely to earn some money in every family.But I allow my son to inverse 30% of the money,which I had invested.

[Dunamisx]

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?

Just a lifetime opportunity that Michael Jordanb had from his NBA career ended him up with wasting all his acquired fortunes into gambling but not only that, he failed to have time for his family and let that same character of gambling got transferred to his son which is obviously a bad thing to allow children underaged have access to huge amount of money not to talk of using it to gamble, parents sometimes have over pampered their children that it has contributed to their irresponsibilities in the society and old age is going to tell over them both, parent should apply moderacy to the exposure they give to their children.