Topic: What's the best advice? - page 6. (Read 761 times)

You do know that if you compare the number of gamers and the number of people who actually earn from gaming, there's a large disparity between the two? Like yes, you can earn money while playing games sure, but that doesn't mean it's a guarantee, you need to have a personality liked by the audience, money to set up your gear, and most of all, luck to actually make the break. Even the most famous streamers probably took 2-3 years to solidify their fanbase, and that's just the short number imo. It wouldn't be odd for other people to only solidify theirs in maybe what, 5 years? 

Gaming is not just the only thing there is to do, there are lots of technological stuff that people can do and earn money. Although we have seen a few young people who have been able to develop their own platform on gaming and be able to generate huge income from it, there are still some of them who are just wiling away their time playing games when they should have been doing other things that would be meaningful to their life.

So, this is not really something that is meant for everyone to do, but as a parent what you are meant to do is to guide your kid and if you really think that what they’re trying to do is going to workout for them then maybe you can continue to encourage them to do that, but in a situation where you have seen it clearly that that’s not what they’re meant to be doing and is just a waste of time, then you are meant to call them out of it and direct them. What in trying to say is that we should  give our kids a chance to decide, then guide them.

Will certainly guide my children on available opportunities when they are grown matured enough. Lets just free them from worrying of money. We will have huge numbers of ways to earn money. Why should they stick to one way of earning. Will teach them how to earn and in particular, will teach them how the money should be managed. We have business men around but there are only selective businessmen who are successful. The successful businessmen are the ones who know how the money earned should be managed.  

Children are not suppose to be allowed on there own to learn things independently, if they do it may be in the wrong way because they can learn such from friends and peer but a proper guide will shape them properly. Learning gaming and trying to have source of income through it is good also teaching them how to trade too is a nice one because it is related. Children themselves know certain things that you don't expect they do because of internet and smart phones , you will be surprised.

I am not sure why you are so much centric about gaming and gambling. When we are successful into some technology based things then we definitely got many things to share and guide our kids and not limited with gaming or anything related to that. I agree that kids are good at gaming but that is not a convincing point for getting them into it you forever. We must need to consider the success rate.

The best advise that we could give to our next generation must be (with respect to economy view), the importance of saving. The success in bitcoin world is all about how long we are able to hold (save) it. So, before getting into bitcoin and its features, I guess importance of saving will get them better vision on economy.

To me, the best advice is to teach them. Kids study in school to learn and gain knowledge, not for money-making. But definitely, they used that knowledge to money-making once they become mature. I will teach them about cryptocurrency as much as possible. But not as an earning method or to depend on that. Once they learn then they could use that knowledge to earn future. Especially I will try to teach them what is cryptocurrency actually and how that works. But yes, I will suggest holding something once they become mature. Otherwise, it would harmful once they become addicted to earning from cryptocurrency. Let them play games if they want, but not gambling.

Adopt and learn new things specially tech that would probably be the future. Aside from giving them the chance to pursue what they want in life, it is still a must that we care for their financial status. Investing in things that for them would be a thing in the future would be a great start. Another thing is teach them the trading discipline. Teach them how to trade and spot gems.

For me personally, I will prioritize what my talents and interests are. Will not be too forced what he doesn't like in generating income for his future. Children have ways and ways according to their wishes. As a parent only directs or facilitates the needs according to the development he expects. It gives him freedom of perspective in responding to technological developments from his point of view. As for providing education, of course, parents must provide some kind of stimulus, because children will develop according to the world and their environment.

I'd teach them 2 rules:

Rule 1- Don'r be poor.
Rule 2- Always follow Rule #1.

I am pretty sure Warren Buffett told something similar also. Considering that he made a fortune simply by following these two basic rules, I think I am on the right path.

I will make them to understand positive and negative part of cryptocurrency  and how to remain perfect in digital currency in the community.I will show them the strategies need to be use when buying crypto in the market. Buy when the price is now and sell when the price is high to enable you to achieve your goals. Never you share your personal details to anyone in the crypto community no matter how close you and the person may be in the community.  Always carry out your personal research before selling your coins in the market, if you want to remain on top profit making in the community.

I don't have much advice to my children but now I'm at nineteen years old now, whenever i give to birth or before i give to birth i know that bitcoin will spread more viral than now, asking me to advice my children about cryptocurrency i will tell them to put all their investment or sixty five percent of their into bitcoin.

Kids are good at gaming because of their logical thinking. Gaming is virtual world which initiates your logical brain centres leading to the development of gyri and sulci which very good for the later time of their lives. However, playing too much games could also result in cognitive dysfunction or loosing the eye sights too. With too much addiction of the game they can also loose focus from the real life cognition ability. It's very very serious matter if they get too much involved with this stuff. Eventually they may loose interest in the outdoor activities, studies and subject areas which are actually important for their future careers.

There are many examples of gamers who literally killed themselves due to loosing their ability to re-focus on the normal stuff. Many of them forgot to eat and sleep man! This happens because your brain is continuously trying to fulfil your urge to make that final goal in the game, and you always want more and more out of it.

As an example you can read stories of few of the popular gamers around the world:

One example is of 26 years old Ohlana, beautiful girl dies at age of 26 due to DEPRESSION. She stated in her tweets (few days before she was dead), that she needs love, need people and she cant go and mix with others anymore!



Reference Article: Ohlana Death Case

Mr Bernstein was a well-known and loved e-sports player and had 960,000 followers on streaming site Twitch.
This guy took his own life as confirmed by his brother due to trauma caused by playing the Game and also he had social dilemma too.



Reference Article: Reckful: Twitch and gamers pay tribute after star's death


Going beyond this most of the peeps dont even know that World Health Organization has declared gaming as sort of disease in their official Intenrational Classification of Diseases (ICD)

Refer article here: World Suicide Prevention Day

According to above article the impacts of Gaming could be versatile person to person and few of them are as follows:
1) Psychological impact
2) Social engagement issues
3) Changes to lifestyle
4) Academic problems
5) Increased aggression or violence
All of them are elaborated in the reference article above. Please read for in-depth case study of the same.

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I am not saying that everyone end up like this. However you can just evolve them in a way so that they can enjoy their life along with the Gaming Life, however they should not rely completely on the gaming lifestyle to earn the money.

The world full of things. One thing is sure, they need to have social power, they need to wander in the world to understand how it works. 

By gaming, am still indecisive of what you mean.
Anyway, with the way the economy's developing and kids are gaining knowledge, I believe the next generation wouldn't even need their parents to tell them or teach them the odds to financial breakthrough in as much as they are exposed to the internet.

There's alot we on the other hand would need to learn from them instead, it's the same way most of out parents are benefitting from us. For me, until I find them mentally fit, I don't think I'll be introducing them to crypto, it doesn't have to deter their performance in school.

I haven't had children so far, but when I have it my aim is to make them very financial literate. Financial literacy can make them financially free and it is great when you don't need to work for money, you work only if you like this occupation. I am going to play different financial board games and then I will tell them about investments. If they will be interested in computer games I will definitely help them to earn their first money on this.

Depends on the kids interests, if they like gaming or other techy stuff then let them to do so (ofc with times limitation). Money making? I would say no, as adults we don't have to push the kids to think about generating incomes at the early ages, just let the kids enjoy their childhood.

We live in the present time.
And my children are still kids right now.
I don't know whether when they are teenagers or adults, the crypto world is still here or not.
But I want to tell them about the cryptocurrency world to them. What makes me come into this industry, what experiences that I have been gaining so far, what sad or happiness that I have been experincing. I will tell you about the crypto world.

However, once more, the choices are theirs. They can choose whatever they want, we just need to give certain guidance to them.
We cannot force them to understand or to be involved in the crypto world if they don't want to. But I will provide and guide them as possible and as best as I can if they are interested.

Your children may have different thought with ours, so, never put our thought forcely into them.

I would not recommend this for kids, kids should be free of such obligations and instead enjoy their lives as much as they can, there will be a time when they will need to sustain themselves and earn money but that is not the time to do so, that would be my advice, I know that money can be tempting and the power it brings especially when other kids are not earning money, but at the end you will regret not living the same experiences as your peers just because you wanted to obtain money over everything else.

Why? I learned about money when I was just 7 years old. My parents thought me the value of "saving" money. I got into it so much that right now financially I am a not so badly educated person even though my job has nothing to do with it. I am not a rich or wealthy person at all, but as a regular person I am doing fine compared to rest of my friends. This is not based on anything that is related to my own curiosity or something, it is because my parents gave me a good education on this purpose.

So, teaching your children the value of "saving" is a very important thing. You do not have to talk to them about money making or how to start a business, or how to trade and all that, you can skip all of that, they could be whatever they want and do the job they want and the most important part is the fact that they should save some aside and know the value of it.

Its really true that the crypto world is moving fast and lots of the people are getting involve here and also many financial institute are investing here .The platform are rising so fast .I know that money could change your life but its not the theme of life for me .As a human we need everything not only money if i force my child to get into it so early he will don't know the world without money .There are lots of way to earn money i agree with you that it is the best way but he/she needs to know the world and become a human as well not a money machine .

I don't think game is best to teach kids at a younger age , it is better to allow them to grow into it naturally than trying to groom them into it. Gaming has it own side effect which one of it is gambling. It can make kids become masters on the game that they choose as choice like playing and coming into competition but looking at the effect, it may lead to early independent life and gambling through depending on the family.