Parents And Their Children In Gambling..

[Renampun]

I have 2 children, when I see them, I have high hopes that they will grow up to be responsible for themselves and not do anything negative. I disapprove of them if they spend their youth in nightclubs or casinos plus drunkenness and women.

being a parent is difficult, we are forced to be able to shape a child into a useful figure for society and family. from the case that happened to Jordan jr at the OP, it is very clear that he is following in the footsteps that his father left behind, he spent that much money (his parents' legacy) for something fictitious.

although I gamble but as much as possible I hide it from the children with my partner's support so that they are not inspired to do that because the school period is important and builds their character. but when they pass 21 years old, I can only say things they should do and not, that's if they still listen to me, but I still hope they will listen to it (my advice forever).

[malcovi2]

I won't risk my children to delve into gambling for what I know only a few who are capable of making money in that industry because the stories or experiences from relatives and friends, most of them ended up in debt.
The biggest problem they would face is addiction and it is very hard to develop discipline and mental capacity to fight this. I wouldn't like my children getting addicted into something that can ruin their whole life with a low possibility of being successful in the long-term.

[wxa7115]

Is totally wrong for a father (Parents) not to nurture their children properly before exposing them to money, this is were most parents got it wrongly. At first you must give your child a mentality that making money is very hard and you Must spend money wisely without living a wasteful life for that i don't have to lay any blame on the child rather his parents for living a wasteful live. Believe me or not., as a child you have approximately 35 to 40 percent your father's character and 25 percent of Mothers character while the rest are inborn or a self developed characters due to bad friends or environmental factor. So whatever father does definitely his son must copy it if the father didn't hide himself in most cases, and he just displayed the true nature of the father.

So lastly, we don't have to allow our children to live a life without proper control and caring, despite how wealthy the parents may be, and should be restricted from gambling if not 18 year or more. I wonder what he would become in 10 to 20 years time to come.

This is a very common mistake, since the majority of those which are rich became that way and they were not born into those riches they do not want their children to suffer the way they did, and they overcompensate by giving to their kids everything they may want and even more than that.

But as you say this creates the impression on those kids that getting the best out of life is easy, as everything was gifted to them without having to work hard for it, so when they grow up they have nowhere near the determination and abilities of their parents and eventually squander their fortunes.

[Strongkored]

although I gamble but as much as possible I hide it from the children with my partner's support so that they are not inspired to do that because the school period is important and builds their character. but when they pass 21 years old, I can only say things they should do and not, that's if they still listen to me, but I still hope they will listen to it (my advice forever).

The most important thing is to also do it responsibly, actually hiding our gambling activities can only be done at a certain time later they will find out and you must have a strong reason why to gamble and if you are a responsible gambler you will have a valid reason that is acceptable well by your child and partner, and when they also gamble they understand that they have to gamble responsibly.

[CryptoHeadlineNews]

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..

Just like the father spent $5million a night gambling and a 19yrs old son $50k another night still on gambling, this makes us to understand that kids are always a reflection of how there parents behave at home, because these are actually huge amount of money to be gamble all away with in just a single night, because $5million into Nigerian currency right now will give you #3.5billion naira, which is equally the sum total monthly salary of over 100,000 civil servants or the total money needed to open/build a new Academic University of learning that just went into gambling in just a single night just like that. So in summary, as parents we just have to be careful about what we do because our kids watches us both by our actions and by what we say.

[traderethereum]

I won't risk my children to delve into gambling for what I know only a few who are capable of making money in that industry because the stories or experiences from relatives and friends, most of them ended up in debt.
The biggest problem they would face is addiction and it is very hard to develop discipline and mental capacity to fight this. I wouldn't like my children getting addicted into something that can ruin their whole life with a low possibility of being successful in the long-term.

I don't think any parent wants to see their children get into gambling, spend a lot of money, or become addicted.
Even if the children play gambling for fun, the parents don't want to see it because it can damage the mentality.
Addiction is a problem that their children can have; when it happens to their children, they will find it difficult to cure.
That's why as parents, we must always supervise our children from the wrong association with their friends to grow up well.

[BobK71]

If the father of a family is gambling then no doubt the child will also learn gambling because children always follow others especially father, mother, friends and others who are there. If the father cannot control his child from childhood, he will never be obedient to his father when he grows up. Where a father talks about his gambling openly, it is only natural that his child will move faster than he does today or tomorrow. So I think it is necessary to utilize this period for his minor. It is the father's responsibility to make him an honest person especially from his moral point of view. When he becomes an adult he will have the ability to understand good and evil.

[lienfaye]

I won't risk my children to delve into gambling for what I know only a few who are capable of making money in that industry because the stories or experiences from relatives and friends, most of them ended up in debt.
The biggest problem they would face is addiction and it is very hard to develop discipline and mental capacity to fight this. I wouldn't like my children getting addicted into something that can ruin their whole life with a low possibility of being successful in the long-term.

I don't think any parent wants to see their children get into gambling, spend a lot of money, or become addicted.
Even if the children play gambling for fun, the parents don't want to see it because it can damage the mentality.
Addiction is a problem that their children can have; when it happens to their children, they will find it difficult to cure.
That's why as parents, we must always supervise our children from the wrong association with their friends to grow up well.

But in op's example that is not the case. The father (Michael Jordan) failed to discipline his son and let him gamble and spent huge money in gambling. Yes they're well off people and can do what they want. The father also gamble but he's already matured to know what's right or wrong, thus his child's action just shows what kind of father he is. Parents are supposed to be the ones to teach and guide their children because it's our responsibility. It's really true that our style of parenting affects our kid's behavior.

[AicecreaME]

Educating our children who are at their right age about gambling and finances, in general, is really essential. Personally speaking, I would love to bring awareness to my child about the pros and cons of gambling. I have this perception that it's better to teach them those things that might harm them inside our home instead of them finding about it on their own or from their peers or in internet out of curiosity and exploration. Once your son/daughter have the mental capacity to grasp the knowledge and concept about something, it's good to introduce it to them even little by little.

Giving your kids a simple analogy and explanation about what gambling might do to their lives might change the way how they will view and use it the moment they are on the right age to decide on their own. Imparting them the benefits of gambling once done right as well as the repercussions that come along with it if they do it excessively and beyond their limitations will help shape their principles and beliefs. If the foundation of knowledge about doing something is instilled right in their minds, surely, they won't be lost.

I believe right parenting by guiding your child in decision making and instilling the values in them will help them grow maturely. Although it's proven that peer influence and societal standards also play a role. But the two aforementioned external factor won't really impact them much if they have a strong core value founded in them.

[Mauser]

Is totally wrong for a father (Parents) not to nurture their children properly before exposing them to money, this is were most parents got it wrongly. At first you must give your child a mentality that making money is very hard and you Must spend money wisely without living a wasteful life for that i don't have to lay any blame on the child rather his parents for living a wasteful live. Believe me or not., as a child you have approximately 35 to 40 percent your father's character and 25 percent of Mothers character while the rest are inborn or a self developed characters due to bad friends or environmental factor. So whatever father does definitely his son must copy it if the father didn't hide himself in most cases, and he just displayed the true nature of the father.

So lastly, we don't have to allow our children to live a life without proper control and caring, despite how wealthy the parents may be, and should be restricted from gambling if not 18 year or more. I wonder what he would become in 10 to 20 years time to come.

Very well written, I fully agree with you. As a parent it's much better to raise our children to make their own decision instead of us making the decisions for them. As a minor gambling is illegal and parents need to enforce that law. But instead of only banning gambling and telling them it's not allowed, it's better to try and make them understand why it's not good for them. Especially when we are gambling ourselves, we need to try and teach them why they are not ready yet to take risks oh gambling. Teaching our children the tools to evaluate risks and understand the risks before taking them are viable lessons that will help later in life. In good thing is to make out children work during summer holidays, this will teach them how hard it is to earn money. And if they really want to gamble they should do it with their own money, this needs to be supervised of course. When our kids are 16-17 we could try gambling together to give them a feeling for it. So far all the kids in my family are still very young abf don't ask question yet. Once they become older we need to deal with that issue.

[Peanutswar]

If the father of a family is gambling then no doubt the child will also learn gambling because children always follow others especially father, mother, friends and others who are there. If the father cannot control his child from childhood, he will never be obedient to his father when he grows up. Where a father talks about his gambling openly, it is only natural that his child will move faster than he does today or tomorrow. So I think it is necessary to utilize this period for his minor. It is the father's responsibility to make him an honest person especially from his moral point of view. When he becomes an adult he will have the ability to understand good and evil.

Not quite new because if the children see their parents activity most of the time they think it is right so it is good the guidance will comes first in the house so by that they are aware about the things they are doing in the family, also it is not good and appropriate to show the gambling addiction to the children because at the very young age they will think it is right so guidance with their parents is a must to make sure they didn't go in the wrong path of decision making.

[dezoel]

I won't risk my children to delve into gambling for what I know only a few who are capable of making money in that industry because the stories or experiences from relatives and friends, most of them ended up in debt.
The biggest problem they would face is addiction and it is very hard to develop discipline and mental capacity to fight this. I wouldn't like my children getting addicted into something that can ruin their whole life with a low possibility of being successful in the long-term.

Gambling is something that is not important to teach to our kids. Sure it has some benefits like you can earn money in it but it's not guaranteed. Better if we teach our kids something which can they use to earn a stable income to secure their future.

Aside from the potential profit, gambling can also provide entertainment so it's not wrong if a person can get involved with it mainly for this purpose but they still must have a limitation since anything that is too much is still not good. You can teach your kids in gambling once they hit their right age. If we have discipline in other things then why not in gambling? It only becomes hard once we are already addicted to it so the goal is to prevent that from happening.

[Unsoldier]

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

Micheal Jordan gambled away $5 million dollars in one night
...

Perhaps Michael Jordan had a nervous period in those days. You judge him and you don't know how he felt when he lost 5 million. Gambling can be a remedy for negative thoughts. Gambling is created to entertain people, that's what most people think. I think Michael Jordan lost a lot of money to get away from the negativity. But he chose a very bad way.

[Hamphser]

I won't risk my children to delve into gambling for what I know only a few who are capable of making money in that industry because the stories or experiences from relatives and friends, most of them ended up in debt.
The biggest problem they would face is addiction and it is very hard to develop discipline and mental capacity to fight this. I wouldn't like my children getting addicted into something that can ruin their whole life with a low possibility of being successful in the long-term.

Gambling is something that is not important to teach to our kids. Sure it has some benefits like you can earn money in it but it's not guaranteed. Better if we teach our kids something which can they use to earn a stable income to secure their future.

Aside from the potential profit, gambling can also provide entertainment so it's not wrong if a person can get involved with it mainly for this purpose but they still must have a limitation since anything that is too much is still not good. You can teach your kids in gambling once they hit their right age. If we have discipline in other things then why not in gambling? It only becomes hard once we are already addicted to it so the goal is to prevent that from happening.

Dont know on why someone would be saying or telling that gambling could have benefits? Yes, it could bring up some entertainment and leisure but of course it would really be costing you some money.

Its not bad to make yourself engage with gambling as long you do have that control and not on spending like there's no tomorrow.For some people specially who do have lots of money will eventually be forgetting

this stuff.They dont really care on how they would be spending up their money as long they do have source of income or huge savings then they wouldn't mind after all.

[traderethereum]

I won't risk my children to delve into gambling for what I know only a few who are capable of making money in that industry because the stories or experiences from relatives and friends, most of them ended up in debt.
The biggest problem they would face is addiction and it is very hard to develop discipline and mental capacity to fight this. I wouldn't like my children getting addicted into something that can ruin their whole life with a low possibility of being successful in the long-term.

I don't think any parent wants to see their children get into gambling, spend a lot of money, or become addicted.
Even if the children play gambling for fun, the parents don't want to see it because it can damage the mentality.
Addiction is a problem that their children can have; when it happens to their children, they will find it difficult to cure.
That's why as parents, we must always supervise our children from the wrong association with their friends to grow up well.

But in op's example that is not the case. The father (Michael Jordan) failed to discipline his son and let him gamble and spent huge money in gambling. Yes they're well off people and can do what they want. The father also gamble but he's already matured to know what's right or wrong, thus his child's action just shows what kind of father he is. Parents are supposed to be the ones to teach and guide their children because it's our responsibility. It's really true that our style of parenting affects our kid's behavior.

We don't know if the father (Michael Jordan) failed to educate his son or something else but what is clear, both are rich people who have no financial problems.
But the father should be able to educate his son well and teach him to use his money for good things and provide a good future.
We as parents should also be able to do for the good of our children so that their lives can be better than ours.
And giving or teaching responsibility to our children will be able to educate them to act good and right.

[romero121]

We don't know if the father (Michael Jordan) failed to educate his son or something else but what is clear, both are rich people who have no financial problems.
But the father should be able to educate his son well and teach him to use his money for good things and provide a good future.
We as parents should also be able to do for the good of our children so that their lives can be better than ours.
And giving or teaching responsibility to our children will be able to educate them to act good and right.

Money is not a problem with father and son, and this makes them spend big on gambling. Micheal is the richest NBA player so his spending/loss on gambling won't hurt him. When we talk of being responsible, Marcus Jordan good player amongst MJ's sons. Marcus owns the company Trophy Room and he's good in business. In my understanding, as money is not a big thing for them, they get entertained out of it and they're responsible in their way.

[coinerer]

We don't know if the father (Michael Jordan) failed to educate his son or something else but what is clear, both are rich people who have no financial problems.
But the father should be able to educate his son well and teach him to use his money for good things and provide a good future.
We as parents should also be able to do for the good of our children so that their lives can be better than ours.
And giving or teaching responsibility to our children will be able to educate them to act good and right.

Money is not a problem with father and son, and this makes them spend big on gambling. Micheal is the richest NBA player so his spending/loss on gambling won't hurt him. When we talk of being responsible, Marcus Jordan good player amongst MJ's sons. Marcus owns the company Trophy Room and he's good in business. In my understanding, as money is not a big thing for them, they get entertained out of it and they're responsible in their way.

Money saves people's lives and money kills people . When you have more money, you will want to have different types of entertainment or different types of hobbies will appear in you . But if you don't have extra money and if you don't have money left over after your daily expenses then your mind will never be motivated for any type of  entertainment or bad addiction . So extra money is definitely a problem

But it may be for third world people but it is not a big problem for people living in first world. As you think. If you don't practice responsible gambling, you can lose everything in the hope of gaining more. And such examples are not less in the world. Here the father is financially well-established but when the son is also associated with it, the risk of losing money can increase.

[Saisher]

Money saves people's lives and money kills people . When you have more money, you will want to have different types of entertainment or different types of hobbies will appear in you . But if you don't have extra money and if you don't have money left over after your daily expenses then your mind will never be motivated for any type of  entertainment or bad addiction . So extra money is definitely a problem

When you have extra money and you are not taught to spend money wisely or have not experienced how to work for every penny, you will spend on luxury items and things that can make you happy and make you feel good or express yourself to make yourself important in the eyes of the public that's what big spenders and compulsive gamblers are doing, they think themselves as a privilege one and don't take a look at the other side of the world where people are deprived and work really hard to earn a few pennies.

[Renampun]

although I gamble but as much as possible I hide it from the children with my partner's support so that they are not inspired to do that because the school period is important and builds their character. but when they pass 21 years old, I can only say things they should do and not, that's if they still listen to me, but I still hope they will listen to it (my advice forever).

The most important thing is to also do it responsibly, actually hiding our gambling activities can only be done at a certain time later they will find out and you must have a strong reason why to gamble and if you are a responsible gambler you will have a valid reason that is acceptable well by your child and partner, and when they also gamble they understand that they have to gamble responsibly.

slowly but surely when they grow up, my gambling activities will definitely be known to them but I have prepared myself when that happens, for now, I am more focused on educating them properly and being responsible for their daily needs. children are very fast in imitating whatever their parents do, their brains are still developing actively so try to keep gambling activities hidden whatever happens.

Gambling isn't always bad when it's done with a certain limit and awareness of self-control, what's bad is being a gambling addict who is weak to their own emotional regulation, and my future children will have to become people who are fully aware and responsible over themselves.

[Betwrong]

~
When you have extra money and you are not taught to spend money wisely or have not experienced how to work for every penny, you will spend on luxury items and things that can make you happy and make you feel good or express yourself to make yourself important in the eyes of the public that's what big spenders and compulsive gamblers are doing, they think themselves as a privilege one and don't take a look at the other side of the world where people are deprived and work really hard to earn a few pennies.

I think it only makes them important in their own eyes, that's all. In the eyes of the public they are not heroes, well, in the eyes of the knowledgeable public, anyway. And who wants to be a hero, a role model, in the eyes of the fools? Being a big spender you can only attract crooks of all kinds, and they will be milking you till you are broke.

It's only in crappy movies big spenders have that respect of others around. In reality they look pitiful.

Explain it to your kids as soon as they can grasp it.