I think everyone has a to-do list whatever their life situation.
If you are a gambler with no family of your own, I think you are bound to spend a lot of money going places and spending it with your friends which is on your to-do list.
With a family of your own, you may plan ahead of time for the college of your kids and so you will more than likely have a to-do list and to-buy list.
Or maybe if don't want to go back to the challenging life like having to work and and gamble. You will have a to-do list like buying shares/bonds that will generate enough money for your retirement.
Topic: Gamblers Should Have a to Do List In Case Of winning A Huge Amount - page 3. (Read 221 times)
July 01, 2024, 10:58:36 AM
July 01, 2024, 10:57:05 AM
I already have a to-do list, and it's on my mind; I think it's more effective that way because you can play it out in your subconscious mind, and you will remember the first thing that will come out when the time that you win a huge amount of money.
My first step is to lock 90% of the money in a short-term deposit on several banks until I make a detailed plan based on what to do that I projected in my mind with my winnings that will last for generations.
My first step is to lock 90% of the money in a short-term deposit on several banks until I make a detailed plan based on what to do that I projected in my mind with my winnings that will last for generations.
July 01, 2024, 10:52:59 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.
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.
That's the stupidest idea ever. I mean, if you were lucky once, what makes you think you'll be as lucky again soon? Don't spend the won money on luxury cars, houses and jewelry, rather spend it on your education and then such stupid ideas won't be bothering you in the future.
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.
Again, it's a mystery to me, what makes people think that the only thing they need to succeed in a business they don't know a thing about is money?
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.
That guy actually performed better than any of them above. At least he got something. But I don't know how can he spend his money wise if he can't read and write.
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.
Will lock this thread after 50 replies or within five days.
First, you should win, mate, and then do the list. But do it right away after your win, that's what I think.
July 01, 2024, 10:33:28 AM
I think it is a good idea, sure. Having some fore knowledge on what to do in case of having much money would prevent overspending, since most new-rich people do not actually care or are not fully aware on how to avoid losing on unnecessary things , as in the case of one of your examples.
Though, I think it is necessary to point out this idea you are giving does not only apply to gamblers of people who like to play lottery, it also applies to the rest of the people out there who have plans and would like to do some specific things with their life and when the moment comes, they will. It does not have much to do with suddenly becoming rich, even someone who receives a raise in their job and can save up money can keep their list.
Also, The example you give on the guy who was unable to read and read is certainly concerning, because someone who is in such situation is not supposed to be gambling at all, but rather trying to complete their education.
Though, I think it is necessary to point out this idea you are giving does not only apply to gamblers of people who like to play lottery, it also applies to the rest of the people out there who have plans and would like to do some specific things with their life and when the moment comes, they will. It does not have much to do with suddenly becoming rich, even someone who receives a raise in their job and can save up money can keep their list.
Also, The example you give on the guy who was unable to read and read is certainly concerning, because someone who is in such situation is not supposed to be gambling at all, but rather trying to complete their education.
July 01, 2024, 10:22:41 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.
I guess it won't be going as planned. Imagine experiencing something that rarely happens to all people which is winning a huge amount from gambling. It is normal to be excited of it but unfortunately, not all people are financiallly literate when it comes on shifting a lifestyle. Initially, an individual who haven't experience earning big amount of money, will just be depending on what they see online such as display of luxurious life and engaging to business without doing the right process; just the idea of having their own. Unfortunately, if they won't be starting with a plan, no amount of money would last that long being mismanaged.Will lock this thread after 50 replies or within five days.
What to do of course is to to plan how the money should be spent, and on this instance you are doing things wisely already. Invest in knowledge as well if you are aiming on starting a business. It is okay to buy cars and such but be sure not to be using an amount which would consume a big chunk of your reward. The best mindset is to seek for longevity of your winnings than to just chase for joy and clout.
July 01, 2024, 10:00:16 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?
The reason most gamblers who win big lose their fortune is because of a lack of planning. They are not prepared to handle large funds so they end up wasting money on luxurious instead of profitable investments. I agree that everyone, not just gamblers should have plans for large funds because anybody can be fortunate to make money not just from only gambling. For those who don't have any plans before they win big, hiring or consulting an investment professional will not be a bad idea. Some investment experts can give good advice that can help big winners invest wisely. Those who are not educated could get a lawyer or a financial manager to help them take care of the funds instead of entrusting them to family members.
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Will lock this thread after 50 replies or within five days
It is an interesting topic that is worth discussing. I don't see any reason why it should be locked after 50 replies. I think you should allow the discussion to flow naturally. 
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.
I don't need any list because I have a plan of what I want to achieve in future which it is because I don't have enough money to set it up. Meaning if I win huge amount of money I will execute my project with the money I won.
You should also know that as long as greed is involved in gambling, a gambler that does not have self control over his gambling activities will still lose all his win back to the casino, if it happens that he wins huge amounts of money because he has seen gambling as a means of making a fortune and he believes he will win bigger amount than want he has already. This is why majority of gamblers that win huge amount of money don't care to invest it.
I don't need any list because I have a plan of what I want to achieve in future which it is because I don't have enough money to set it up. Meaning if I win huge amount of money I will execute my project with the money I won.
You should also know that as long as greed is involved in gambling, a gambler that does not have self control over his gambling activities will still lose all his win back to the casino, if it happens that he wins huge amounts of money because he has seen gambling as a means of making a fortune and he believes he will win bigger amount than want he has already. This is why majority of gamblers that win huge amount of money don't care to invest it.
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 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.
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