Topic: Be careful with people's money - page 7. (Read 2569 times)

This means that all decisions are in your own hands as the person who wants to give the loan, but as you said, before we make a decision, of course we must first make considerations, and if we don't know what habits that person has then maybe we can find out from other people, especially from the person's closest friends, and if in the end there are no things that could trigger bad things to happen, such as for example the person is not indicated to be involved in gambling or any habits that are a waste of money. without a definite reward then there is no harm in making the decision to give him a loan.

And in terms of whether he will be able to pay his debts or not, it actually depends on the situation he is experiencing, because not paying his debts is not always because he has bad habits, but a lack of income or a financial crisis situation could also be one of the causes, and I think It is a normal situation if they find it difficult to pay their debts to you, but if it turns out that they have bad habits such as gambling or other habits then yes that is another thing where you should not have lent them anything from the start.

And actually, for me, usually when one of my friends asks for help, such as wanting to borrow money, I usually don't think too much about when and whether he will be able to pay the debt or not, because usually money is something that is sensitive, especially in friendships. So from the start, when I give a loan to that person, I usually give up the money, meaning I don't really expect a return, but if at some point he pays it then that's good.

Consistency and trust can never be easily achieved, maybe close we also know how their life is or their financial capabilities, but we never know how someone will be in the future.
Personally, I find it difficult to trust people when it comes to money, even if it the people closest to me, especially when it comes to amounts of money borrowed for reasons that are unclear and not that important, maybe they can promise to return it on time but that not guaranteed.
And one thing I don't like most about lending money is that it can trigger hostility between friends or close relatives if they don't return the money on time, besides that it can also cause loss of trust in them.

But if it for gambling, I think that when someone lends money for the purpose of gambling capital, it will indirectly be the same as supporting other people to carry out risky activities which can even make someone addicted to gambling.
This will be more difficult and even those of us who provide loans can also find it difficult because gambling addict will always take longer to return the money they borrow.

As they say, if you don't want to lose a friend, don't lend him money, but give it to him unselfishly. And this is partly true because many of us know from our own experience that money and friendship are incompatible things and that friendship ends when people lose common interests, and real friends can be only a few in a lifetime.  All other "friends" are just acquaintances. In addition, in my opinion, any responsible gambler realizes that playing gambling on borrowed money is a bad idea. Therefore, it is logical to assume that such a gambler and will not lend money knowing that they will be used in gambling.

Trust funds are never advisable to be handed over to irresponsible gamblers because they would always or somedays find it as an opportunity to get empowered to bet, win and then replace back the money being entrusted to them but if they are unlucky at that virtue of betting with just little fraction of the money, they will want to extra more for the remainder and then that could lead to the total lost of the whole fund all because they try so utilize the opportunity to make profits up to the extend they will no longer need to bet to make the profit anymore but to recover the lost funds and then step aside but due to the aggression of recovery, they looses it all.

I have a friend who is a chronic gambler so when you tend to entrust funds to his custody, he will always declined from it and letting you obviously what he made tend to d with it if he goes out of control being attracted to gamble with the fund.

You are correct, one thing I learnt from this quotes is that most people don't think about the risks in the decisions that that take before going ahead to do them. However it's bad because when one can't think about his or her decisions properly before doing them it affects in future because there might be things that needed time to think about. Although people with ADHD disorder are few and the worst part of it all is that one can not tell that so so person or gamble have such mental illness because some of them inherits it from their parents.

I will say it like this - if I am confident, that a friend is able to repay debt and wont disappear, I will always lend him the amount of money I can lose/spend/wont change my life. Probably, I would not even ask that person for a lot of details why he need that money. If it is an investment, new car, ran out of money and cant buy food, gambling, and etc, I dont care. I know that person, his financial abilities, we set a repay date and that is it. As well as I expect same attitude from other. I dont have money with me today, or daily card limit dont allow me to spend more, I will borrow the amount I can repay and be careful with them.

If you trust this friend, then of course you can lend him money, but if you see that he has problems with money and he is passionate about gambling, then you should think about whether he can return this debt to you. And if this is a reliable friend and he has some temporary difficulties with money, and he is not keen on gambling, then I believe that in this case you can borrow, and not worry about repaying the debt. Each situation is individual, and you need to take into account the circumstances under which a person needs money.

But if you gamble together, would you still not lend your friend some money? A friend isnt a stranger. In most scenarios, you know how much that person earns, how he spends money, what he can and can not afford. You know a lot about that person. You can make a prediction, if that friend can return a loan, or it will be complicated to get your money back. If all flags are green, why would not you lend him money? And as you have mentioned responsibility, a close friend will be double responsible with money, as not only he can lose and be in debt, but he can also lose friend and respect.

Borrowing money to gamble is of course a risky behavior and thing because those who have the courage to borrow money to gamble of course they cannot prevent their behavior from doing something that carries big risks, besides those who borrow money to gamble tend to not think about the risks and impacts. bad things will happen with the decisions they make, apart from that it is very unlikely that when gamblers borrow money to gamble they will be able to return or pay off the money they borrowed with a big possibility that what will happen is defeat of course there is no guarantee that they will be able to get a definite win and return the money back previously borrowed.
I myself will not lend money to those whose purpose of borrowing is to gamble, although I could not ask for the money back but it seems unethical to lend money for gambling. I think it is the same as giving the gambler a breather to gamble again and that won't happen. resolve the problems they are experiencing completely.

Agreed don’t mess with anyone’s money that isn’t yours because it could come back to haunt you and bite you! All of these folks who are so addicted that they would even steal other peoples money to fund their addiction is sickening. At that point it’s safe to call gambling a disease.

Gambling under false pretense should be jail term Why borrow money and lied because they want to gamble, that alone has broken your trust and next time, he may even need another money for something important but because he refuse to settle the previous one that he borrowed under lies will stop him from getting another loan. Funny thing about this is that, he might not win anything from that bet, if indeed he did, there is possibility of him returning the money to you.

I remember having similar experiences, there is this guy that I used to give money, he would tell me he is hungry and I will spare him what I have on me but one day we were having discussion in group and he said the money I gave him a week ago, he used it for gambling and that's how I got to know. He is a serious gambler but the money I do gave him never cross my mind that he used it to gamble and I stopped from that day, that's nonsense behavior.

Some people are already aware of all these things you are saying because they have been said countless times, but they are just ignorant about them. I came across this thread a day before yesterday. Actually,  it was the first time I was hearing about such a disorder, but I think I understand that the reason why some gamblers take the kind of rash decisions that they do in gambling is because they have ADHD disorder and they don't even know about it, and someone who is not also aware of the symptoms cannot tell. Because sometimes a gambler can take those decisions without thinking about the consequences until they lose the money. 

Lending money for gambling should never be the most risky. I once bet a guy close to me who lied to me for a loan. If I knew that person would gamble, I would never have lent him money, but he borrowed money and gambled by lying to me. Although he never returned my money, and I never asked him for it, I will never lend money to anyone who bets on gambling in the future. I have seen many people who gambled with borrowed money faced more problems and losses and never won by betting but lost more times. So gamblers make this mistake most of the time betting with money loan is the riskiest so such risk should not be taken.

Probably there is still an option when it is justified to engage in gambling with borrowed money. I think if a person has a multi bet with a huge odds and he wants to hedge it (not risk the results of the remaining outcomes but take what he won), it is quite reasonable to borrow money and make a hedging bet.
Theoretically, such a bet is a risk reduction, although even here there is, for example, the risk of non-payment of winnings for one reason or another.

Yes it is a very important topic that there are many people who bet with other people's money and later refuse to pay that money. In my case one such incident happened where I had a close friend whom I paid money (monthly salary) to deliver my family but that friend took my money to bet on a cricket match and in that match my friend lost his bet due to which I lost thirty dollars. So far I have not been able to pay that close friend. Since that friend is very close to me, I could not ask for my salary till now. But my friend assured me that he will pay the money in future. But as a friend it was completely inappropriate to bet with money from my monthly salary. Now I can't trust that close friend of mine because he has violated trust.

There's nothing wrong with giving loans or borrowing money to close friends or relatives, but if you borrow money or give loans for gambling, even with a small amount, I think it's a wrong action, even if it's just to have fun gambling. I would never do that even if a close friend asked for a loan. Because gambling gives you a sense of curiosity, once you try it there is a feeling of addiction, it is better to gamble with the money you have, not other people's money, gambling with other people's money will give the impression that there will be no sense of responsibility. responsible because in his mind it is not his own money but other people's money, and in the end it will be difficult to pay off the loan because there is no sense of responsibility, in my environment most of them are like that, they fight because of problems like this, and most of their friendship ties are damaged because of gambling the.

From my opinion, I think that people who hides their addiction are those who's addition are worse than those that's shows it out (although I don't really know but that's what I thought). But those that are can't hide their addiction life might get help or advise from people but funny enough why most of them don't take it as good advice, they think that they are not addicted, but lately will they realize that they are addicted to gamble. Those that doesn't bring out their addition life might not get help on time because as they are hiding their gambling life whereby they are addicted, people will not know that they are addicted gamblers, and these set of people find it difficult to stop because they might be dieing in silence.

That is true, in the sense that the person feels compelled to try to use other people's money to misuse it for anything including gambling because they see the availability of money there as you said, although it is a very wrong action to misuse other people's money but that is not This means it is impossible for people who are addicted to gambling. And I also have a friend who works in a shop where he dared to use the shop cashier's money in the amount of $200 more or less which is the same as 3 million rupiah in my country just to gamble, he said that the reason was because he wanted to returned the amount of his previous loss which in the end he was fired from his job because his superiors found out about this bad action.

On the other hand, yes, what you say is true, that gambling addicts who are always closed off can be more dangerous than gambling addicts who are quite open with the people around them, because when the people around them don't know that the person is involved and is already addicted. When gambling, the people closest to them will definitely try to keep that person away from the task of taking care of customers' money or other people's money because they are worried about misuse, and in my opinion it is quite difficult to identify bad habits that people have. - people when they are always closed.

In my opinion, some people are pushed into such situations by the very high availability of other people's money. This is probably the main evil or one of the main ones. I am absolutely sure that addicted people are found everywhere. However, some of these people hide their addiction, while others do not. Secretive gambling addicts are most likely more dangerous for society, because we do not know what we should be prepared for and trust them. Most likely, in most cases, a gambling addict will not be able to return the borrowed money because their losses are large. This means that the trust in these people was also great.

The whole point of being safe with gambling with other people's money has to do with being able to pay back the money. But, in cases like gambling with money contributed by a group of people meant for a specific project, is not advisable. Who to borrow money to also matters, at least for the safety of the player. However, if a gambler borrows money to gamble for fun, and has a plan of paying back, then it's not a problem. That's a totally different topic or thought. Being careful with people's money as Op said, is more like entrusting money to somebody and they end up using it for gambling. For instance, if a student for some reason was to receive a friend's school fees in his bank account, then withdraw and give to his friend, but when the money arrives he went ahead to gamble with the money. Then it's a very bad habit, and doesn't make any sense. Because the money wasn't his, but that of a friend, meant for his tuition fees.