Parents And Their Children In Gambling.. - page 20.

Solosanz

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Quote from: arwin100 on September 28, 2022, 09:44:14 AM

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.

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Quote from: Fivestar4everMVP on September 27, 2022, 12:03:43 AM

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.

arwin100

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Quote from: arimamib on September 28, 2022, 09:22:11 AM

Quote from: traderethereum on September 28, 2022, 06:13:44 AM

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.

inthelongrun

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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.

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Quote from: traderethereum on September 28, 2022, 06:13:44 AM

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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Quote from: Fivestar4everMVP on September 27, 2022, 12:03:43 AM

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.

||bit

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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.

bitterguy28

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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.

traderethereum

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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?

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Quote from: cabron on September 28, 2022, 03:17:55 AM

Rich kids. Grin

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 Grin

Quote

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.

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Quote from: bittraffic on September 28, 2022, 12:57:05 AM

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.

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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.

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Quote from: Darker45 on September 28, 2022, 04:18:53 AM

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.

Darker45

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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.

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Quote from: Fivestar4everMVP on September 27, 2022, 12:03:43 AM

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.

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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.

cabron

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Rich kids. Grin

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.

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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. Roll Eyes

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Quote from: Fivestar4everMVP on September 27, 2022, 12:03:43 AM

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.

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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.

Topic: Parents And Their Children In Gambling.. - page 20. (Read 9122 times)