Topic: Gamblers Should Have a to Do List In Case Of winning A Huge Amount (Read 221 times)

Thank you for all the replies here; we have different opinions on the subject, The majority favors creating a list, some suggest it is all about money management, and some base it on character even if you have a list if you don't have the character it's all worthless.

My closing opinion:
We all dream of hitting a jackpot it should be something we anticipate even if we don't expect it to happen, It is better to have a list so that in case we are confused we have something to remember that will remind us of something that we want when we don't have any.

Thanks for all the 46 replies I have to lock this thread to avoid the topic becoming redundant, I'm on the next topic.

Isnt it called a money management? People dont have to create to-do lists, but instead learn how to manage their money. Or maybe I am a unique one of a kid looser, that goes shopping with a list, and returns always with something extra Instead of having a to-do list, rather have a person who will help to control your expenses. Because, what if my list is to long, and what I have won isnt enough? Wont it trigger to continue gambling to fulfil all items from the list?

Also, my to-do list when winning huge is always changing. Sometimes when I go to sleep, I used to think what would I do if I was rich And guess what, there is never enough money I used to dream I would win a million. But then it was not enough to buy house, car and all the fancy things I wish to buy for my family.

Even he have a to do list, will he follow the to do list after win a huge amount of money? I believe no.

Most gamblers are always like that, they will spend as much as they want without thinking about the future, if they run out of money, they will think they can just back to gamble and make money again.

There's a big difference between someone who already in since born and poor since born, sometime getting rich overnight is bad.

Yes, organization is the key for a correct management. What happens is that these jackpot winners have never seen a huge amount of money in front of they eyes before, so they don't know how to make use of it in a smart and wise way. The money is so voluminous that these people think it will never end, so they don't plan how they are going to use it. They just use it as they wish on the present moment. As consequence, the money drains really fast until nothing is left.

The first step they should take is to list investment categories they should engage to put part of the prize, calculating how much it's going to generate monthly and yearly. If they don't have knowledge about it, they should seek for professional guidance. Since money isn't an issue, it shouldn't be hard to find skilled financial advisors to give them the right direction inside financial market.

Once the prize they won generates extra income in a regular basis, they can feel free to spend the income they are making, without ever harming the initial sum they used to start the investments. This way they can live an entire life without worrying about financial problems anymore, turning that prize into a long lasting asset which will ensure the future of their families for generations, possibly, if correct management is applied.

In spite of all these as stated in the OP, I don’t see why a “To Do” list is necessary or could be a major game changer with regards to gambling wins. It’s simply individual differences, discipline and how one reacts to major changes in their finances.

In the minds of every single, thinking individual is and unwritten plan on what you need to archive through the times you hope to exists as a being. It takes a disciplined individual to actually follow that up. You don’t have to write it, it makes no difference. If you’re committed to getting better and knows just what is good for your well being, you would go about doing it. Not because you’re being pressured to or because you’ve got a big win from gambling, you just use the resources you’ve available to you to make life better with you.

Having to hope that your break through would come from gambling, making a huge win only to spend it all and come back for another trier with what is left, that’s just you not realizing when you’ve actually won.

I don’t think gamblers should have a to-do list in case they win big. The reason is this; there is no guarantee that you’re going to win in gambling so having a plan for money that you’re yet to win may make you start chasing losses and gambling excessively. Most people who win the lottery do not expect to win and are not prepared to handle such huge amount of money. If you have a plan for your life, winning a million bucks overnight will only help hasten your success but if you did not have a plan prior to that event, you are likely to squander it all.

There is no difference from what you have said that happened to them and if they have made a list before wining. The truth of the matter is that they may still do list, after wining they may still make mistakes again. Because all these activities they did after winning as you have said may have been what they wished to write or do a list before payment, but was not fortunate to write it down. So to me, list or no list it doesn't really matter, what matters is to have a right place to invest money after winning. Because a person may still wright down a wrong approach on paper after which they may still spend all the money wrongly. It's just to have a focus, think and concentrate on how to do the right thing at the right time.

That would be optimal but I doubt many gamblers will be interested in implementing such a strategy, and this is because many of those gamblers want to obtain fast profits and they are not interested in creating a meticulous plan about what to do once they succeed, what they want is to enjoy their profits in whatever way they see fit, so they will not be interested in doing something like this, even if it is on their best interest to do it.

Aside from that fact that many will be carried away to think that they will win more money from their previous winning there by over extending their luck and at the end lose even more, I think also why many gamblers can't have to do list is because pf.the reason that gambling winnings are always unexpected and for that they won't have any plan for the money and will be push to use the money no matter the amount to wastefully gamble more.

Gambling is not like any other business whose outcome and profitability can easily be expected and predictable, where one can have pre plans for what to use the profits for, but gambling is a different ball game entirely and I winnings are nit expected and unplanned for so also is the usages of that rewards.

Firstly, if I'm in this position of a gambler who won that huge amount like for an example thousands of dollars? I preferably take an action plan in which eventually minimizes my gambling activities. Probably, I'll be taking other curriculum like with physical activities that would rather divert gambling as an alternative.
Staying with gambling for a very long time actually drains your financial opportunity, same with other financial abuse that has no proper way of addressing. On that list, it's very important to indicate your budgeting plans and other money spending related task which is not associated to a gambling plan. Most importantly, don't you dare doing gambling again thinking that you'll gonna multiply the funds that you got from Lucky winnings because opportunity comes only once, don't waste it again by losing that money from you.

Everyone has it principles of spending, their no gambler who is interested in spending much of their time and much of thing's  they acquired in gambling extravagantly, thinking above when you have not win in gambling will also bring thing's down for my own principles of understanding the protocols, I know very well, so in gambling we have to understand that what you think might not come in accomplish but understand the procedures of gambling and know exactly what you will do when you win or not in gambling, building of future is one of the most in important thing because sometimes gambling derailed some people not to be focus.

I'd say it depends on how responsible you are, especially to extreme changes. I'd personally say I don't need it but in the back of my mind, I'm an ass on handling my finance especially when there's a sudden influx of money so yeah, I'd probably want a todo list. It's not to the point that I need to prepare it beforehand but if I do ever win, I can probably take the time to plan out what I'm going to do with the money I got. And again, it depends on a person-to-person basis but personally, I'd invest. Businesses can be extremely money sinks and I have 0 experience with it so why would I do it lol.

But anyway I can't exactly blame these people who floundered on the money they got, it is extremely life-changing after all so I guess they expected everything to run smoothly after that. Not to mention I expect that even if there's a lot of news like these people, there's probably a lot more unreported ones that managed to properly use their money.

Whether you have money or not, it's not easy to run a business to be a successful one talk more of people that manage it. I just know that noting is certain in biaii until you made it from the that business.

Sometimes gambling money amount is not something you even expect, you just do your bet and become optimistic with the rest, so tye assumption of having something on mind before any other thing even winning the money doesn't make any sense. What if you won something from gambling and you couldn't even make to what is your mind that you are planning to buy, it will look like another money that wouldn't last on you.

What I think is the best in situations like this is converting your total gambling earnings into Bitcoin, this way you are making investment in that you can sell your Bitcoin for something better later on and you get to buy everything you want to buy.

One of the worst thing to have ever tried was venturing into a business he has no idea about.... Decision making is also a thing; how do invest in a business with knowing the prerequisites on how to maximize profits? You could employ labour, Yes... Without a doubt, but how do you get to know where there's shortage?
"Ignorance is bliss, but illiteracy is mindlessness".. in whatever you do, always try to get yourself tutored. Nothing beats the fact that you know a thing to yourself, without needing possible aids to run them.
Having a Do-do list is important!

It would be a good idea though as a gambler to sometimes make a to do list or lest just say a plan of how we might spend our winnings. But this shouldn't be done, not until we have won. That because we can't make plans for funds we haven't seen. We might ended not achieving any of the plans because winning is not guaranteed both in gambling and other aspect of anticipation. We just have to get an idea of what we might use the funds to do but never make it a mistake do thing just incase we don't get to see the funds. From your thread, the second guy. It show more reason why we have to be open to research and try our best to learn things out self so others wouldn't play with us or cheat us. Some people are just too wicked. Someone ask for your help and you just cheated them along the way, which isn't fair.

gambler or not, people should at least have a list of things on what they will do with the money. it's a common thing to have if you value your money and want to save as much as you want.

anyway, if the winning amount is very big(I mean, lotto jackpot big or millions dollars win in gambling) it would be best for them to hire a financial advisor, they'll know the first steps you need to take to secure your money and they'll give you advice how to manage it and how to properly invest it.

They are wishlists but before having that, I'd wait for the moment of mine to win first a huge amount than to keep my lists ready.

But it depends to the gambler, if we've got some belief that we will manifest those things that we've listed then make that list for your own convenience.

To win, first. 

If you are someone whose really that thinking about those better things that could give out that kind of positive benefits in the future then you would really be having this kind of option but for those who dont
care about the future then they wont really be that caring about on the things that would happen ahead. Actually you cant really be able to assure yourself that you would be able to stick into those  things that you have said earlier specially if you are already on the situation on which you are holding that huge amount of money then you might really be that forgetting those things that yo have planned earlier.
Each person would really be that different when it comes to the decisions that they are making into their lives on which there would really be those people who would really be that
mindful and there are ones who dont really care.

People usually be making that priority.

1. Buying a house
2. Car
3. Jewelry
4. Gadgets
5. Shopping spree
6. Travelling

but they do forget on running or building up a business. They would usually be that mindful on the moment that they
are seeing that they do only have that almost nothing left with those winnings or money.

I don't think such list is needed. If you can't manage your money, making a lost won't change much because you won't follow it anyway.

People who know they will get overwhelmed by a large amount of money should just get a professional manager to do it for them. An investment banker can take all that weight off your shoulders.

All these things you mentioned does not help the topic at hand - being anonymous doesn’t not mean the person won’t spend their winnings carelessly and the lawyer will be a bit helpful but if the person decides not to spend lavishly on properties then they won’t need too much help from a lawyer.

Back to the Op, I believe all gamblers should have a top ten things that they should do in the case that they win any huge amount in gambling. Even if they don’t write it or document it they should just have it at the back of their mind that once I’m able to win this amount or more the first thing I’d do is probably save this amount, this skill I have I’ll set up a business for it, I’ll go and complete my training and so on. Stuffs like that would be more better than going for flashy things. This is just my opinion.