Topic: 5 Things You Need to do After a Big Win. - page 2. (Read 1606 times)

yes, with a bank, this is not the best idea. Although if the country's gaming industry is as legal as possible, then why not. The author means that the player should take his funds away from the gaming account itself so that there is no temptation to play again and increase his deposit.
The idea itself of not touching the winnings for at least a month is very good, during this period the player will cool down a bit and make a more balanced decision on how to properly manage the winnings.

Your strategies are fine but why you want to keep your money in bank for 1 month.  When you go to the bank to keep the money, what will show their source?  I did not support this idea and all the other ideas are very good and very effective because when one owns a large amount of money the number of enemies around him increases.  So some techniques should be adopted to keep your financial status hidden.

I've done that kind of idea, it seems I can't control my desire to risk the money, my eyes always bulge at the money figure, maybe I'm just safe if the money is stored in a real bank, not in a wallet or gambling site account.

The idea might make sense, take a vacation and forget about gambling for a moment.

This won't work for me either, the money won in gambling I don't rest before I buy something that can change my lifestyle.

yes, agree to this, 80% investment is not a bad idea.

No, I remain committed, working on the main actions, not an obstacle to that.

Use the best possible money to get PSIF INCOME that is able to meet the needs of life every day, open a very appropriate target business, and that will also make you avoid gambling that continues

I agree with you that for a gambler to quit his or her job because they won huge amount through gambling is not a wise decision because as they have won from gamble they might probably gamble again in future and lose all the money if they did not use the money they won to do important things.
If a gambler can quite his job because he won $500,000 from gamble it also means that he can quite his job if he eventually save up to that same $500,000 through his job.

from the many cases of people who end up bankrupt after winning big, they quickly change their lifestyle and buy whatever they want before without considering how much money they will spend. they think that the large amount of money they get from gambling will last a long time and they can get more if they consistently gamble again, but this wrong thinking causes them to get trapped and go bankrupt in a short time.

the most important thing for people who win big from gambling is to be careful with their money and don't quickly change their lifestyle to hedonistic. just live simply and buy what is needed. and the most important thing is to reinvest the money.

What is meant by a gambler who decides to quit his job after he has won a large amount? If that is the context then it is clearly a really bad move, I understand that maybe the amount of the win exceeds his income for several months, but what is certain is that you should not get to the idea of ​​quitting your main job, because I am sure that in the end as you said my friend that it is unlikely for a gambler who has won a large amount to not play more or more aggressively in order to win a larger amount than the amount they have previously won, and also in the end as you said that they will most likely lose their job and also the amount of winnings they have previously earned, another thing you also have good advice for those gamblers who have won big while maintaining their usual lifestyle.

You can't change what you are after to make a life changing money, if you are full of shit you will be a rich full of shit human being until you go broke again, many people talk about being disciplined like it is very easy, practice makes perfect they say, and thats for a good reason.

How many businesses have collapsed after the real owner died? There is no one that can manage a dead man's business and do better, very rare to come by, we are all different to one another, especially when it comes to money, like I've said, if you are less disciplined with money and you win some jackpot with luck you won't become a better person automatically, you will manage the money very badly and make the bad choices.

Like my uncle used to say, everyone wishes to be rich but it takes more than a normal human to stay rich, we can't all be rich because many can't even manage to stay rich, some traced this back to the blood of the families, while some said it is generational curse.

His fifth option is risky and won't be favorable to all, as some wouldn't control the urge of playing more to further elevate their wealth. Along the line they'll end up losing their wins and the job. This can lead to depression for some people, hence winning big doesn't mean our life should turn around for the worse. Instead saving the funds while retaining our usual lifestyle is a great form of handling big amounts of money.

It's easier to say than being done, and like you know human Being can't hide themselves over things especially when it's involves money. If you must know money usually comes with pride that is why you see people more complex and arrogant due to what they see and how much in their bank accounts because I have took time to study humans and their behavioral attitudes within their ecological systems and their surroundings, they seems to be muchly overwill (subjugate) those whom they felt they are richer than or even have much power above. And again, it can only be easier if such person already have a good and basic knowledge about finances otherwise it's very hard to practice these things you said.

And after this month you will spend the entire amount? Oh, no. You should not limit yourself to just 1 month.

This point should be immediately combined with point 5.

The main thing is not to forget about diversifying investments in this point, and for a long period, to avoid the desire to spend this money.

The remaining 20% ​​(part) of the winnings can be used for an unplanned trip.

Although I don’t quite understand how this fits in with point 3, which states that there is a ban on changing one’s lifestyle.

To stay disciplined, you should wait until your planned vacation.

I think that after a big win you shouldn't change your typical lifestyle, but continue doing what you were doing before.

       
And of course, don't quit your job, which will deprive you of some source of income, even though you will have a big win. Work is not only a source of income, but can be simply be a favorite pastime, as well as a valuable and useful profession in society (for example, a doctor who saves lives). The feeling of being needed by people can have a negative effect in conjunction with winning, which will spur you to get new emotions, for example, in the same casino.

Another important point: money runs out one way or another, and you can also lose it (for various reasons), but you cannot be deprived of skills and abilities, which is another factor for continuing professional activity. But with a win, the focus of development can be directed in a different direction (work in a profession, but not for an employer), rather than the need for hired labor for a salary.

Sorry but I guess I will disregard your 5 things. lol If I ever win big, I think I'll completely stop gambling. But the real question is whether I can truly control myself enough to quit. I'm not sure; no matter how much I try to hold back, if I have money that I can easily deposit in online casinos, I find myself gambling again. Honestly, it's already affecting my mental health, and even though I'm aware of this, I keep going back to it. I guess I might have a gambling addiction.

It is truly a tragedy that a gambler lost his life due to his inability to control his emotions in the joy of winning big in gambling. Gambling is a game full of excitement, it leads a person to loss in every way.

I also heard that a gambler took a loan and gambled, and after losing all the borrowed money in gambling, he became very worried, always worried about how to pay back the borrowed money, and one night he had a heart attack due to overthinking and he dies.

So every gambler must be disciplined, and try to keep calm in any situation. Don't get overexcited after getting a big win, otherwise after getting a big win you have to think that the win you got now is not enough to lead your life well, In other words, in any way, by doing anything, you can't be overly excited about your victory. Always keep yourself calm. Always keep yourself calm. And of course take good care of yourself.

Health is wealth, if you can't save your life, this money will not be of any use to you. So always do good work. And must earn in the honest way. Excessive greed will lead to your destruction.

it's probably due to heart attack for being unhealthy and also for not having a proper work out before he proceed to his daily routine on gambling especially eating healthy foods because that's the most important . so perhaps that's the reason why be ended up like that easily because of being so emotional after winning.

Actually it's not bad to gamble or to become addicted on such way of making money .but of course we must priority our self first because it will become useless if afterwards we can't enjoy our big wins or rewards on our hard work.

So back to the topic. So if i were on that situation, of course i will put my money on banks and i will take a vacation in order to refresh my mind and my self for being stressed and of course to avoid being emotional.  And for making decisions where to spend it? Probably after months and I'll look for experts to make a decision for me .  So easy .lol

Emotional discipline is very important when it comes to gambling, I stumbled on a story of a gambler that won his first millions and due to the shock or overexcitement he ended up dead. Not knowing how to manage your emotions properly can put you under the huge risk of having health issues. Keeping the money in your possession for a month isn't really a good idea because as a gambler you will always try to gamble more, this can make you lose your winnings. Immediately you get that money do something with it.

Seeking the help of a financial assistant after we win a large amount of money is not a bad idea but in my opinion, it is not really necessary and is considered quite a waste. I agree with what you say, planning investments and finding good investments is not difficult these days. In my observation, the problem most people are facing is lack of capital to invest, not lack of investment plan or strategy. Because with the development as it is today, we have many investments available to choose from and can easily invest without anyone's advice.

Real estate, gold and especially bitcoin...are all potential investments, and I believe that if we go to financial assistants, they will also give similar advice because these are the best investments we have so far.

It seems to me that hiring a financial assistant right away is a bad idea, because he will demand payment for this and only after receiving the win will you immediately lose money on consultations, and it may well turn out that this consultant may be of a low level and his advice will not be as good as you think.

Even if the win turns out to be so huge that it will seem to you that you will not be able to manage such money (although I doubt that such a win can be won unexpectedly), then you can buy yourself a good home, and with the rest of the money buy bitcoin and maybe gold. These are investments that seem very reliable, and if you want to invest in stocks or other assets that you do not understand very well, then start studying this topic and maybe someday expand your portfolio to stocks and bonds.

I liked your gradation regarding the fact that a large win can be calculated by multiplying your average monthly income by 20. I agree that this is a great amount, which, although it will not change life much, will greatly accelerate the approach of goals in terms of purchases and achieving material goods. The advice is also good, and I support the fact that goal number two should be strengthening relationships with family.

Your initial decision to do what is necessary to live a luxurious life is right and you should be more aware of additional luxuries to earn more. You should focus more on investments so that there is a possibility of getting regular profits from them and also long term and short term investment decisions can guide you financially positively. If I could win I might as well put myself with the same needs as you.

In fact with age your tendency to fulfill your needs and dreams may change and you may have better expectations of winning if you can manage yourself properly without becoming addicted. But I will tell you that you must fulfill your needs and for that you should do it through hard work because if you keep spending extra money to win then there is a high chance of getting addicted in the end.

Agreed, they are free to come back as an investor or a future owner but not as a player.

What I meant was returning to gamble once again - that has to be avoided, if you want to maintain the net win status against the casinos in general.

While many may win big, we must also keep in mind that the cumulative losses can often outweigh the profits. Hence we should manage the money carefully or else the ones in debt will never be able to grow some money before getting out of debt.