Parents And Their Children In Gambling.. - page 21.

peter0425

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Quote from: Pandu Geddon on September 27, 2022, 10:05:56 PM

Quote from: Fivestar4everMVP on September 26, 2022, 11:03:43 PM

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.

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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 .

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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 .

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Quote from: Strongkored on September 27, 2022, 10:51:57 PM

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.

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Quote from: Strongkored on September 27, 2022, 10:51:57 PM

Quote from: Fivestar4everMVP on September 26, 2022, 11:03:43 PM

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.

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Quote from: Fivestar4everMVP on September 26, 2022, 11:03:43 PM

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.

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Quote from: Fivestar4everMVP on September 26, 2022, 11:03:43 PM

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....

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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Quote from: Fivestar4everMVP on September 26, 2022, 11:03:43 PM

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.

aioc

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Quote from: Fivestar4everMVP on September 26, 2022, 11:03:43 PM

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....

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

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Quote from: Fivestar4everMVP on September 26, 2022, 11:03:43 PM

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...

Quote from: Fivestar4everMVP on September 26, 2022, 11:03:43 PM

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.

Quote from: Fivestar4everMVP on September 26, 2022, 11:03:43 PM

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.

lienfaye

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Quote from: Fivestar4everMVP on September 26, 2022, 11:03:43 PM

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.

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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.

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Quote from: Fivestar4everMVP on September 26, 2022, 11:03:43 PM

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.

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Quote from: Fivestar4everMVP on September 26, 2022, 11:03:43 PM

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.

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Quote from: Oshosondy on September 27, 2022, 12:25:35 AM

Quote from: Fivestar4everMVP on September 26, 2022, 11:03:43 PM

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.

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Quote from: qwertyup23 on September 27, 2022, 05:13:21 PM

Quote from: Fivestar4everMVP on September 26, 2022, 11:03:43 PM

<..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.

qwertyup23

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Quote from: Fivestar4everMVP on September 26, 2022, 11:03:43 PM

<..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.

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Quote from: Fivestar4everMVP on September 26, 2022, 11:03:43 PM

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.

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Quote from: yahoo62278 on September 27, 2022, 05:59:39 AM

Quote from: Mr. Magkaisa on September 26, 2022, 11:45:45 PM

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.

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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.

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Quote from: Fivestar4everMVP on September 26, 2022, 11:03:43 PM

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....

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.

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Quote from: Fivestar4everMVP on September 26, 2022, 11:03:43 PM

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....

I wouldn't call Marcus Jordan a kid. Because in my country a person is considered an adult from the age of 18. And he is given the right to do everything by the government and parent. But according to the laws of our country, Marcus Jordan is an adult boy. However, I would say that what he is doing does not support anything good in any way. These activities can become a cause of destruction in his life

Topic: Parents And Their Children In Gambling.. - page 21. (Read 9203 times)