Gamblers Should Have a to Do List In Case Of winning A Huge Amount - page 2.

fortunecrypto

legendary

Activity: 2450

Merit: 1047

Quote from: coin-investor on July 01, 2024, 09:37:42 AM

With all these examples, do you think it is important for gamblers to have a do list in case they win a huge amount, and what are the first steps they should take?

Will lock this thread after 50 replies or within five days.

If you do not have a plan then you are not hoping to win the jackpot, having plans means you are being positive but having a plan and a character to implement are two different things, you should be the guy who knows how to stick with the plan and go for it even if there are oppositions or people are criticizing your plan.

When you win the jackpot you should have a strong character that will take over the plan, so the first step should be to learn to take over and have a character to follow the plan.

DarkState

member

Activity: 138

Merit: 10

It is very frustrating for those who lose everything in gambling due to mismanagement or ignorance. Having a to-do list is not only important it is most important things for gamblers. I think the first step they need to take is to be as anonymous as possible. Keep your winnings private. I think gamblers should consult lawyers to resolve tax-related matters. From my perspective, I think a gambler should take these steps.

Fortify

legendary

Activity: 2688

Merit: 1192

Quote from: coin-investor on July 01, 2024, 09:37:42 AM

Betting on Lotto is very popular here in our country. While scrolling on YouTube, I stumbled across a video about people who won the lotto but eventually lost all their fortune quickly through mismanagement or ignorance.

I cannot post the video as it is in our native language, but one of the examples is one guy who loses his millions because of overspending. He realizes all that he wants: luxury cars, houses, and jewelry and spends it on casinos, thinking he can make more money.

Another one is setting up a business that he does not know how to manage, he spends millions on this business venture but eventually folds up, and he loses all his fortune because of mismanagement.

Another winner is he entrusted his winnings to his relatives to claim because he did not know how to read and write and had no valid ID; he only got 20% of his total winnings because his relatives told him because of a deduction in the form of taxes.

With all these examples, do you think it is important for gamblers to have a do list in case they win a huge amount, and what are the first steps they should take?

Will lock this thread after 50 replies or within five days.

One thing that would be most important to people who do win big, which is about as likely as being hit by lightning, is best financial practice and how all the core elements of the financial world work. This will allow you to hopefully put a large chunk of your winnings to work and effectively give you a salary, plus grow your overall wealth, year after year. There should definitely be a period of sharing and splurging at the beginning, so it really depends how much we are talking about and how far it can stretch in the places you want to be. If you are talking about a million dollars, it can go very far in certain parts of Asia but will not last you all that long in somewhere like San Francisco - so be prepared to move to maximize it too.

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

Overspending is a huge problem for winners, especially when they chase happiness not knowing what they really want. So they end up buying a house on the beach and another in the mountains to try them both out and spend money maintaining both properties and traveling between them, when in reality they should rent properties in these two places at first to see where they feel better and finally decide to buy one. I wouldn't go as far as having a to do list because that may excite you too much, make you waste your time on thinking about things you may never have. Just focus on paying your debts, setting up a savings account, getting some investments (bitcoin is a great example) and then when you've done all that finally start spending.

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: Fatunad on July 01, 2024, 01:43:21 PM

Quote from: coin-investor on July 01, 2024, 09:37:42 AM

Betting on Lotto is very popular here in our country. While scrolling on YouTube, I stumbled across a video about people who won the lotto but eventually lost all their fortune quickly through mismanagement or ignorance.

I cannot post the video as it is in our native language, but one of the examples is one guy who loses his millions because of overspending. He realizes all that he wants: luxury cars, houses, and jewelry and spends it on casinos, thinking he can make more money.

Another one is setting up a business that he does not know how to manage, he spends millions on this business venture but eventually folds up, and he loses all his fortune because of mismanagement.

Another winner is he entrusted his winnings to his relatives to claim because he did not know how to read and write and had no valid ID; he only got 20% of his total winnings because his relatives told him because of a deduction in the form of taxes.

With all these examples, do you think it is important for gamblers to have a do list in case they win a huge amount, and what are the first steps they should take?

Will lock this thread after 50 replies or within five days.

On the moment that you would really be having those huge winnings then the main thing that comes up into your mind is that those money do came from thin air on which it is simply not really that coming from hard work
and this is why you would really be having those thoughts and impressions into your mind that you could really be just that simply be able to earn that back on the moment that you do bet on lottery again. You would be having in mind that you do have tons of money on which you wont really be easily find yourself that getting bankrupt so easily. Yes, you would really be spending like a mad man but we do know that there's no such thing about that unlimited funds on which on the moment that you would really be that careless on dealing up with this then time comes that everything would be losing all.

Here in our country on which its a jackpot winner on lottery but ending up on living on the squatters area because of mismanagement of the funds that he had won in lottery which it is really
just that too sad that these people arent that wise when it comes to managing their money. We do know that hitting up lottery or any jackpot in gambling world isnt something that would really be that easy to be happening. This is why it would be ideal that you should really that managing on the moment that it would happen. Dont waste up the chances that you could make money and sustain yourself on upcoming years to come without needing to go back on what you are before. If you are someone whose really that mindful about future things then you would definitely be having this approach.

Regret is always at the end and dont make yourself that having that kind of situation on which you are really that regreting because of the actions that you have made. There's no way that we could
really be getting it back and this is why you should really be taking wise or good decisions about fund management if ever you are on a condition that you are hitting those jackpots.
Be sensible and be wary about on the actions you are taking.

Fatunad

sr. member

Activity: 2296

Merit: 360

Quote from: coin-investor on July 01, 2024, 09:37:42 AM

Betting on Lotto is very popular here in our country. While scrolling on YouTube, I stumbled across a video about people who won the lotto but eventually lost all their fortune quickly through mismanagement or ignorance.

I cannot post the video as it is in our native language, but one of the examples is one guy who loses his millions because of overspending. He realizes all that he wants: luxury cars, houses, and jewelry and spends it on casinos, thinking he can make more money.

Another one is setting up a business that he does not know how to manage, he spends millions on this business venture but eventually folds up, and he loses all his fortune because of mismanagement.

Another winner is he entrusted his winnings to his relatives to claim because he did not know how to read and write and had no valid ID; he only got 20% of his total winnings because his relatives told him because of a deduction in the form of taxes.

With all these examples, do you think it is important for gamblers to have a do list in case they win a huge amount, and what are the first steps they should take?

Will lock this thread after 50 replies or within five days.

On the moment that you would really be having those huge winnings then the main thing that comes up into your mind is that those money do came from thin air on which it is simply not really that coming from hard work
and this is why you would really be having those thoughts and impressions into your mind that you could really be just that simply be able to earn that back on the moment that you do bet on lottery again. You would be having in mind that you do have tons of money on which you wont really be easily find yourself that getting bankrupt so easily. Yes, you would really be spending like a mad man but we do know that there's no such thing about that unlimited funds on which on the moment that you would really be that careless on dealing up with this then time comes that everything would be losing all.

shivansps

hero member

Activity: 1330

Merit: 502

Vave.com - Crypto Casino

Quote from: coin-investor on July 01, 2024, 09:37:42 AM

Betting on Lotto is very popular here in our country. While scrolling on YouTube, I stumbled across a video about people who won the lotto but eventually lost all their fortune quickly through mismanagement or ignorance.

I cannot post the video as it is in our native language, but one of the examples is one guy who loses his millions because of overspending. He realizes all that he wants: luxury cars, houses, and jewelry and spends it on casinos, thinking he can make more money.

Another one is setting up a business that he does not know how to manage, he spends millions on this business venture but eventually folds up, and he loses all his fortune because of mismanagement.

Another winner is he entrusted his winnings to his relatives to claim because he did not know how to read and write and had no valid ID; he only got 20% of his total winnings because his relatives told him because of a deduction in the form of taxes.

With all these examples, do you think it is important for gamblers to have a do list in case they win a huge amount, and what are the first steps they should take?

Will lock this thread after 50 replies or within five days.

I don’t know if it’s worth writing a list of things that need to be done when you win, but the most important thing is to be able to control yourself, because if a person writes 100 points that need to be done after he wins, but does not have the strength in himself, then most likely after he will get a big win, but he will still spend the money not very wisely. Secondly, to win at least once in your life you must be very lucky. There is a high probability of writing a wish list, but never getting to them.
Wisdom to all!

Adbitco

hero member

Activity: 1428

Merit: 653

Leading Crypto Sports Betting & Casino Platform

You know it's good as a gambler to have a plan for themselves but not by having many list to fulfill most times it makes gamblers become so desperately to win the amount they had on their list because I know that whatever they put up on their list must contain series of dollars so if by working on the list they already created for themselves then it would make them gamble uncontrollably making them to become a desperate gambler. It depends though because some people wins millions so for those who are very close winning thousands/ millions of dollars can as well have their plans listed out to enable culture their behavior when the winning shows up later run.

gunhell16

hero member

Activity: 1904

Merit: 541

Quote from: coin-investor on July 01, 2024, 09:37:42 AM

Betting on Lotto is very popular here in our country. While scrolling on YouTube, I stumbled across a video about people who won the lotto but eventually lost all their fortune quickly through mismanagement or ignorance.

I cannot post the video as it is in our native language, but one of the examples is one guy who loses his millions because of overspending. He realizes all that he wants: luxury cars, houses, and jewelry and spends it on casinos, thinking he can make more money.

Another one is setting up a business that he does not know how to manage, he spends millions on this business venture but eventually folds up, and he loses all his fortune because of mismanagement.

Another winner is he entrusted his winnings to his relatives to claim because he did not know how to read and write and had no valid ID; he only got 20% of his total winnings because his relatives told him because of a deduction in the form of taxes.

With all these examples, do you think it is important for gamblers to have a do list in case they win a huge amount, and what are the first steps they should take?

Will lock this thread after 50 replies or within five days.

I think we are the same as the country that OP belongs to, because we know that most of the lottery winners here who become millionaires are only a few months or, after 1 year, back to being in a poor state of life because they didn't use it correctly. the money won in a large amount.

It's like counting on our fingers the ones that can be said to have been used correctly to win the lottery. But the majority is not really; there are those who won 1 million dollars in just 3 months, and the winnings were used up immediately. The others were consumed by giving help to acquaintances and giving support to relatives and family. And others are addicted to gambling, so they are in debt. So the listing, I think, is not important in my opinion.

Lida93

hero member

Activity: 938

Merit: 605

Leading Crypto Sports Betting & Casino Platform

It is true how much a to-do-list can help a gambler spend wisely his money won from gambling. And for a gambler to set up a to do list in anticipation of a potential huge win it's therefore entails how financially conscious and discipline he is with his gambling lifestyle. With a to do list, it serves as a guide for a gambler to know where his spending should start from before any other focus that could lead to mismanagement of funds.

Although there some gamblers that don't necessarily need a to-do-list to have their huge win money to be directed into right spending. I myself have a few projects in mind of which some I have it underway incomplete, and that's where without a flinching thought that my focus will directed.

A lot of factors also play a role in affecting how unwisely some gamblers waste their huge win, illiteracy, a lack of responsibility, a lack of financial discipline and lack of exposure etc. They could serve as a debacle.

Charles-Tim

legendary

Activity: 1512

Merit: 4795

Leading Crypto Sports Betting & Casino Platform

Quote from: coin-investor on July 01, 2024, 09:37:42 AM

Will lock this thread after 50 replies or within five days.

There is not necessary for any do list or something. What that is important if you win huge amount of money while gambling is to have in mind not to spend more than 1% of the money won on gambling. But some people will think that they can have the luck again and dreaming of winning more huge amount of money but eventually they will lose the money. There are businesses and investment that are not risky but they will just prefer to be earning from gambling which is the cause of the problem. Gambling can make someone that is rich to become poor if the person see gambling as a means of income and not use his money on business or a good investment.

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

It's like bringing a to-do list that we never get to use.

I get it, most people who win lottery end up making the same instead of using the money productively and increasing their standard of living but it just shows the nature of people even if we give 1 million to everyone on this earth and in the next one year there won't be many people who have more than a million cause they don't even understand the money and how it works.

Stepstowealth

full member

Activity: 658

Merit: 172

Quote from: coin-investor on July 01, 2024, 09:37:42 AM

With all these examples, do you think it is important for gamblers to have a do list in case they win a huge amount, and what are the first steps they should take?

If a gambler has no financial discipline the list will not matter when they win a big amount of money because they will forget about it, dump it and start buying wants instead of the needs that they've written down on that list.
The first step every gambler should take when they just win a huge amount of money is to allow the money to cool down, that is not spending the money in a hurry or in a rush like under an emergency or like the money is not going to finish. Money spent in a hurry will be spent on many irrelevant things.
Knowing that there is a chance to win huge whenever you gamble, you should make a plan to develop financial discipline as a gambler.

Fivestar4everMVP

legendary

Activity: 2422

Merit: 1083

Leading Crypto Sports Betting & Casino Platform

Quote from: coin-investor on July 01, 2024, 09:37:42 AM

Betting on Lotto is very popular here in our country. While scrolling on YouTube, I stumbled across a video about people who won the lotto but eventually lost all their fortune quickly through mismanagement or ignorance.

I cannot post the video as it is in our native language, but one of the examples is one guy who loses his millions because of overspending. He realizes all that he wants: luxury cars, houses, and jewelry and spends it on casinos, thinking he can make more money.

Another one is setting up a business that he does not know how to manage, he spends millions on this business venture but eventually folds up, and he loses all his fortune because of mismanagement.

Another winner is he entrusted his winnings to his relatives to claim because he did not know how to read and write and had no valid ID; he only got 20% of his total winnings because his relatives told him because of a deduction in the form of taxes.

With all these examples, do you think it is important for gamblers to have a do list in case they win a huge amount, and what are the first steps they should take?

Will lock this thread after 50 replies or within five days.

Lol, gamblers like myself honestly do not need a to do list, since my brain itself already contains more than enough to do lists, things I may never even finish if started 😁.

On a more serious note though, it's simple, may be those guys never really had any plan on what they could do with such money if they win, and eventually, they won it, its expected that they may squander it.
But for gamblers like myself, even if I win up to $1 billion dollars today, not a penny of it will be wasted (well, maybe a few thousand dollars though, but this depend on what our individual definition for "waste" is) as I have already made concrete plans of all the projects I will go into/excute as soon as I can afford to start it.

So for me, I do not think gamblers having a to do is necessarily, this can drive a gambler into betting or gambling much more than should be normal, which also can lead the gambler into losing much more than he or she can afford to lose - better to let winnings come naturally when a gambler isn't expecting it.

alani123

legendary

Activity: 2422

Merit: 1451

Leading Crypto Sports Betting & Casino Platform

Whenever I even consider winning a large amount I think I would just buy a house and make a trust for myself so I could just earn a sustainable income and work on my own projects without having to be worried about earning an income as a worker at someone else's disposal anymore.

Many gambler's however have more basic needs to fulfill also because many people are in debt, have no education, their family had nothing in terms of property etc. So of course it varies highly from person to person and so the need for a personalized list is making a lot of sense. Make it at a time of peace and try to follow it when you have the rush of winning.

ralle14

legendary

Activity: 3374

Merit: 1922

Shuffle.com

Quote from: coin-investor on July 01, 2024, 09:37:42 AM

With all these examples, do you think it is important for gamblers to have a do list in case they win a huge amount, and what are the first steps they should take?

A few of those situations could've been also avoided if they claimed their winnings bit by bit instead of taking them home all in one go. Still, it's important to have a plan or to-do list to avoid making bad financial decisions, but I agree with the others, you have to get that jackpot first.

If i'm one of those big winners, one of the many steps i'd take is to set most of those winnings aside and continue my normal life. I'll take my time until i'm confident in my plans and i'll use that money to create another source of income and think of my situation in the future years.

danherbias07

legendary

Activity: 3346

Merit: 1134

Leading Crypto Sports Betting & Casino Platform

Yes.
After announcing the winning numbers and making sure that we won the lottery, the first thing we should do is to have a to-do list of what we will do with the money.
Or, keep it safe in the bank first while thinking about what business we want to enter or what else we want to do with it.
Take 10 percent of it, try to live in luxury but there should always be an end to that. I guess that 10 percent can make us live like a king for a week or two and then we go back to our normal life.

For me, I always thought about buying real estate. Here in our country, the price of a house grows like $2000 per year then you could just let it be rented by someone else to pay for the monthly mortgage.
Food business have no assurance so might as well buy something that would not spoil or rot.

Z_MBFM

sr. member

Activity: 546

Merit: 309

Quote from: Frankolala on July 01, 2024, 09:54:18 AM

For a gambler to have a to do list if he wins big is not important. I understand why it is important for some people based on some reasons that you mentioned above but what if you have write down the to do list and you did not hit the jackpot. Don't you think that doing this list can put your mind and focus more on gambling for profit rather than for fun and entertainment which might later trigger addiction because whenever you look at this list you might be motivated to gamble more.

Yes gambling is very addictive. A person who uses atic for fun never cares how much he wins and how much he loses. They always enjoy gambling and gamble as much money as they can afford to lose. But those who are going to calculate their profit and loss in the case of gambling, if they can make some profit from gambling, then their interest in gambling will increase because the greed of money will attract them more towards gambling. so it is foolish to calculate the profit and loss of gambling. Gambling should always be played for fun and the matter of profit loss should always be forgotten immediately.

Beparanf

hero member

Activity: 2954

Merit: 796

Quote from: coin-investor on July 01, 2024, 09:37:42 AM

With all these examples, do you think it is important for gamblers to have a do list in case they win a huge amount, and what are the first steps they should take?

It’s not bad to have this kind of list as inspiration or to feel motivated when gambling since it will give gamblers a positive energy to stay calm while gambling. Problem will come when gambling is already overthinking since it might fuel his addiction just to get his goal.

I stop doing this long time ago since it makes me more aggressive to gamble especially on betting with games with volatility so that it can give me a huge return quickly. I consider gambling as source of entertainment and everybody should do the same. The entertainment is the benefits of gambling while money especially huge win is just a bonus to avoid too much expectation on gambling.

Davidvictorson

hero member

Activity: 1190

Merit: 901

Livecasino.io

Quote from: coin-investor on July 01, 2024, 09:37:42 AM

With all these examples, do you think it is important for gamblers to have a do list in case they win a huge amount, and what are the first steps they should take?

I know what is better than a to-do list, a to-no-do list. With a to-no-do list the gambler can list of the stupid things they will not do when they eventually win. And these could include, wine, women, buying fancy stuff for show off , to impress people who do not care, more reckless gambling, starting a business where they do not have experience or knowledge in. To make the to-no-do list effective, they should have an accountability partner. A elder, mature adult with years of experience. With a to-no-do list, you automatically have clarity on what you actually want and if it is worth it.

Quote

Will lock this thread after 50 replies or within five days.

I like this one. It prevents spamming. Because at some point it is mostly going to be the same answers in different format.

Topic: Gamblers Should Have a to Do List In Case Of winning A Huge Amount - page 2. (Read 223 times)