Healthy mindset to save earnings from gambling - page 9.

uneng

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Quote from: Plaguedeath on July 12, 2023, 08:54:24 AM

Quote from: madnessteat on July 12, 2023, 08:47:15 AM

Would you like me to tell you why they don't?

A huge number of people on our planet live from paycheck to paycheck, so they do not have money not only to buy blue chips, but also do not have money for their own homes or personal cars. Such people are forced into the trap of today's banking system and become a kind of slave.

Yep, @OP is only looking in his self where he make more money than his monthly spending regardless the country where he live. If he know there are many people are struggling in their life and the problem of why they can be like that, I doubt @OP will able to solve the problem, he might be trapped in the same way like them.

Social gap is still a big matter in every country, the poor have no choice than working for the rich and get paid with minimum or low salary.

Everyone needs some spare time on their daily routine to breathe, think and trace their plans, strategies and goals for their future. The problem is that there is a considerable portion of society that doesn't have time and peace of mind to do that, because they are too busy working, taking care their families and concerned about what they are going to eat next. Therefore, they don't have any plans to save money and invest it for passive income profits.

On the other hand, I'm not sure if we could include gamblers on this category, since they seem to have a lot of spare time and money to maintain their hobby active frequently. So, I don't think they have any excuses to develop the wrong mindset when planning and tracing strategies on what to do with the earned money. Lottery and jackpot winners should be examples of success for every gamblers, rather what we see for real are people wasting won prizes until going totally bankrupt.

I believe in part it's due to an uncontrollable excitment these people feel for having an amount of money on their hands they have never dreamed they could achieve before. So they somehow lose contact with reality and waste everything irrationally.

BitcoinPanther

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Quote from: noormcs5 on July 08, 2023, 02:43:53 AM

Usually, people who win in gambling but not able to cash out or save their winnings and I think this has something to do with a Healthy mindset.
If you do not have the intention to save the wealth, you will lose all your winnings by risking them again in another gambling bet.

I am more inclined to think that saving winnings is more on money management side. Since we are talking about funds or money, those who are able to learn good financial management will make the gambler who won huge to keep their funds safe and will look for new investment where they can make their money grow.

Quote from: noormcs5 on July 08, 2023, 02:43:53 AM

Only a mentally strong person who has control over emotions and have money management skills would be the real winner here and will become rich eventually.

The money management skill is one of the key factor in getting rich. Though I doubt about a regular gambler who is in series of losses can acquire saving from gambling activity, the strong will and great money management can enable them to avoid financial ruins.

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Quote from: DaNNy001 on July 13, 2023, 01:49:48 PM

The major thing with gambling is that it is very hard to see a gambler content with his or her winnings as the taste to win more always surface and it's also quite natural as this is all human greed. I know satisfaction while will help out but its hard to see a gambler satisfied with his winning except he has control and he is not greedy then maybe he can divert his winning into an investment. But even if he does that he will certainly play again and there is a big possibility that he might lose one way or another and if that happens the money which he previously won has balanced with the one he recently lost because the losses are certainly going to be more than his winning.

Greed and desperation will only result in losses and addiction. We have the opportunity to witness huge profits if we follow the proper procedure in gambling, we have a healthy mindset to create the action to save money and grow other enterprises outside of gambling, really a challenging time. Gamblers are never satisfied with their earnings; they are always looking for ways to get greater depth of their bets. When dealing with gambling, we must make the decision that we are fully prepared to face down the outcomes of these gambling results.

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Quote from: Lida93 on July 12, 2023, 09:16:56 AM

There's this delusional mindset or a believe set from gamblers that they could have more chances of winning bigger amount again after getting a win of some attractive figures. By that, they increase their bets and their risk only to end up losing all they have won back to the casino house. Gamblers do this forgetting that a gambler doesn't get lucky twice immediately after a big win.

It is not only about the second chance trier but the increase of the risk and most gamblers are culprit to this. If you win once and you are playing for another game, you have the tendency to increase your bet as a natural instinct of man because you have profit already and the money you win gives you more confidence and hope as you are left with some balance. The unfortunate thing is that like you said, that greed will push someone to keep playing until the last drop of the cash is exhausted. Second chance works sometimes but it is dangerous when you try to win the second time and fail, you may want to continue trying until you are on zero balance.

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Quote from: Lida93 on July 12, 2023, 09:16:56 AM

Quote from: noormcs5 on July 08, 2023, 02:43:53 AM

Usually, people who win in gambling but not able to cash out or save their winnings and I think this has something to do with a Healthy mindset.
If you do not have the intention to save the wealth, you will lose all your winnings by risking them again in another gambling bet.

There's this delusional mindset or a believe set from gamblers that they could have more chances of winning bigger amount again after getting a win of some attractive figures. By that, they increase their bets and their risk only to end up losing all they have won back to the casino house. Gamblers do this forgetting that a gambler doesn't get lucky twice immediately after a big win.

Indeed mindset plays a role but it's has much to do with insatiable greed than the latter. Only that person that's satisfied with whatever good amount he has won from gambling can redirect the money in investing into others areas that would yield profits. So I think a good mindset goes along with satisfaction.

The major thing with gambling is that it is very hard to see a gambler content with his or her winnings as the taste to win more always surface and it's also quite natural as this is all human greed. I know satisfaction while will help out but its hard to see a gambler satisfied with his winning except he has control and he is not greedy then maybe he can divert his winning into an investment. But even if he does that he will certainly play again and there is a big possibility that he might lose one way or another and if that happens the money which he previously won has balanced with the one he recently lost because the losses are certainly going to be more than his winning.

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Quote from: Davidvictorson on July 11, 2023, 10:44:57 AM

Most lottery winners have no plan in place to replace the money and attempt to live the lifestyle of a billionaire on a few million dollars. One's attitude rather than a lack of resources is what makes someone poor and broke. People are broken on the inside. They are ignorant of the nature and how powerful money is. To make more money, money must be spent and invested. The majority of people were never taught that, so when they win large in the lottery or casinos, they quickly lose it. The secret to the rich staying wealthy is first their mindset and second who they talk to. They either don't seek financial advisor assistance or they completely disregard it. And really what they have to do is put up a portfolio with some Treasury securities, blue-chip companies, and both commercial and residential real estate, and live off the interest. But they never do it.

I think they also think of it and they have tried some things or businesses to regain the money that they have lost but some of they are not lucky about it. Their spendings are still bigger than what they earn so they end up using most of their wins and eventually all of it will be gone. These people never have that kind of money before so they are only spoiling their selves. I see nothing wrong with that.

What important is they enjoy even if they will ran out of money soon. We can't bring our money in the other world once we unfortunately perish in the real world, so it is still better to use them now as long as you are still healthy and capable of doing a lot of things.

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Quote from: Coin_trader on July 12, 2023, 09:04:33 AM

Quote from: maydna on July 12, 2023, 08:24:01 AM

~snip~

The context of rich mindset here is teh contrary of what you are describing if you will read the content of OP. Rich mindset on this topic means the ability to cashout profit when user is winning since he is thinking on how to get rich and not being broke by continously playing even he is on profit. You are describing a broke mindset base on his example since broke person usually play recklessly while rich mindset play smart that’s why they are rich.

But I think if a person has rich mindset, He will definitely avoid gambling since there’s no way to get rich here because this is not a source of wealth but rather a source of entertainment only.

I don't think so because of what @OP said:

Quote

Usually, people who win in gambling but not able to cash out or save their winnings and I think this has something to do with a Healthy mindset.
If you do not have the intention to save the wealth, you will lose all your winnings by risking them again in another gambling bet.

Only a mentally strong person who has control over emotions and have money management skills would be the real winner here and will become rich eventually.

You can see that managing money after getting a win is recommended, and that is about to take a short break. And I said that one should stop first after winning because if he continues, he can lose all his money by betting it on the gambling table. Besides that, taking a short break is also to control the emotions after winning. And if he can do that, he can have the money, and perhaps, if he can earn more the next day, he can become rich from gambling, although that is not easy.

Besides that, most gamblers out there have a rich mindset. They want to get rich from gambling but can't use it properly after getting a lot of money from gambling. Or perhaps I misunderstood it. If so, I apologize to you.

Lida93

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Quote from: noormcs5 on July 08, 2023, 02:43:53 AM

Usually, people who win in gambling but not able to cash out or save their winnings and I think this has something to do with a Healthy mindset.
If you do not have the intention to save the wealth, you will lose all your winnings by risking them again in another gambling bet.

There's this delusional mindset or a believe set from gamblers that they could have more chances of winning bigger amount again after getting a win of some attractive figures. By that, they increase their bets and their risk only to end up losing all they have won back to the casino house. Gamblers do this forgetting that a gambler doesn't get lucky twice immediately after a big win.

Indeed mindset plays a role but it's has much to do with insatiable greed than the latter. Only that person that's satisfied with whatever good amount he has won from gambling can redirect the money in investing into others areas that would yield profits. So I think a good mindset goes along with satisfaction.

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Quote from: swogerino on July 11, 2023, 08:17:24 AM

Quote from: Webetcoins on July 11, 2023, 07:30:23 AM

It's not really only about having a rich or healthy mindset but it is also about discipline and self-control. A person with a rich mindset might also have a hasty nature which makes him take decisions without giving them much thought which ends up putting him in situations that cause him losses. So, the very first thing in a person, whether they have a rich or poor mindset, to be able to achieve that in gambling is to have self-control and the ability to be disciplined.

Someone who doesn't have these things will barely be able to get any success in gambling even if they are winning, because as you said, they will eventually lose everything back because they won't stop after winning as greed makes them gamble more only with the hope that they might win even more with it.

Greed is difficult to fight as it is deep in our roots since many centuries ago and is deep in our DNA.You can't change something that is programmed to behave like it does,therefore even a healthy mindset may be victim of a moment where greed prevails over the brain and the gambler follows his instinct clearly in a damaging way for him as greed usually cause us to lose a lot of money.

This to say that a healthy mindset is not enough if we have not trained ourselves very well in self control and self discipline,the healthy mindset cannot keep you at winning ways,discipline does as it dictates us to stop no matter greed may be yelling gooooooooo.

Well said. Self-control and discipline are the keys to keeping your mind calm. If you are calm, you won't do bets or things mindlessly. Unfortunately, the majority of gamblers don't possess this which always leads to losses. I'm guilty of not having it especially when red streak comes in. It's very hard to fight the emotions and the only way to calm your mind is to have a green streak and get back the amount before the red streak.

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Quote from: maydna on July 12, 2023, 08:24:01 AM

Quote from: Webetcoins on July 11, 2023, 07:30:23 AM

It's not really only about having a rich or healthy mindset but it is also about discipline and self-control. A person with a rich mindset might also have a hasty nature which makes him take decisions without giving them much thought which ends up putting him in situations that cause him losses. So, the very first thing in a person, whether they have a rich or poor mindset, to be able to achieve that in gambling is to have self-control and the ability to be disciplined.

Someone who doesn't have these things will barely be able to get any success in gambling even if they are winning, because as you said, they will eventually lose everything back because they won't stop after winning as greed makes them gamble more only with the hope that they might win even more with it.

But many people have the mindset of getting rich from gambling, so they decide to gamble again even after winning a big win. That's not good for them because at least they have to rest before continuing so that their emotions after getting that big win subside. This is to anticipate the desire to win more wins where it will not always happen. It would be even better if they had good self-control so that it could help them to stop soon.

They will only spend their winnings without being able to save their winnings and will not be able to experience success from gambling. And it's true that in the end, they will lose everything, including the winning money they have earned. That's why we have to really control our greed so it doesn't make us gamble longer.

The context of rich mindset here is teh contrary of what you are describing if you will read the content of OP. Rich mindset on this topic means the ability to cashout profit when user is winning since he is thinking on how to get rich and not being broke by continously playing even he is on profit. You are describing a broke mindset base on his example since broke person usually play recklessly while rich mindset play smart that’s why they are rich.

But I think if a person has rich mindset, He will definitely avoid gambling since there’s no way to get rich here because this is not a source of wealth but rather a source of entertainment only.

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Quote from: madnessteat on July 12, 2023, 08:47:15 AM

Would you like me to tell you why they don't?

A huge number of people on our planet live from paycheck to paycheck, so they do not have money not only to buy blue chips, but also do not have money for their own homes or personal cars. Such people are forced into the trap of today's banking system and become a kind of slave.

Yep, @OP is only looking in his self where he make more money than his monthly spending regardless the country where he live. If he know there are many people are struggling in their life and the problem of why they can be like that, I doubt @OP will able to solve the problem, he might be trapped in the same way like them.

Social gap is still a big matter in every country, the poor have no choice than working for the rich and get paid with minimum or low salary.

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Quote from: Davidvictorson on July 11, 2023, 10:44:57 AM

Most lottery winners have no plan in place to replace the money and attempt to live the lifestyle of a billionaire on a few million dollars. One's attitude rather than a lack of resources is what makes someone poor and broke. People are broken on the inside. They are ignorant of the nature and how powerful money is. To make more money, money must be spent and invested. The majority of people were never taught that, so when they win large in the lottery or casinos, they quickly lose it. The secret to the rich staying wealthy is first their mindset and second who they talk to. They either don't seek financial advisor assistance or they completely disregard it. And really what they have to do is put up a portfolio with some Treasury securities, blue-chip companies, and both commercial and residential real estate, and live off the interest. But they never do it.

Would you like me to tell you why they don't?

A huge number of people on our planet live from paycheck to paycheck, so they do not have money not only to buy blue chips, but also do not have money for their own homes or personal cars. Such people are forced into the trap of today's banking system and become a kind of slave.

maydna

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Quote from: Webetcoins on July 11, 2023, 07:30:23 AM

It's not really only about having a rich or healthy mindset but it is also about discipline and self-control. A person with a rich mindset might also have a hasty nature which makes him take decisions without giving them much thought which ends up putting him in situations that cause him losses. So, the very first thing in a person, whether they have a rich or poor mindset, to be able to achieve that in gambling is to have self-control and the ability to be disciplined.

Someone who doesn't have these things will barely be able to get any success in gambling even if they are winning, because as you said, they will eventually lose everything back because they won't stop after winning as greed makes them gamble more only with the hope that they might win even more with it.

But many people have the mindset of getting rich from gambling, so they decide to gamble again even after winning a big win. That's not good for them because at least they have to rest before continuing so that their emotions after getting that big win subside. This is to anticipate the desire to win more wins where it will not always happen. It would be even better if they had good self-control so that it could help them to stop soon.

They will only spend their winnings without being able to save their winnings and will not be able to experience success from gambling. And it's true that in the end, they will lose everything, including the winning money they have earned. That's why we have to really control our greed so it doesn't make us gamble longer.

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Most lottery winners have no plan in place to replace the money and attempt to live the lifestyle of a billionaire on a few million dollars. One's attitude rather than a lack of resources is what makes someone poor and broke. People are broken on the inside. They are ignorant of the nature and how powerful money is. To make more money, money must be spent and invested. The majority of people were never taught that, so when they win large in the lottery or casinos, they quickly lose it. The secret to the rich staying wealthy is first their mindset and second who they talk to. They either don't seek financial advisor assistance or they completely disregard it. And really what they have to do is put up a portfolio with some Treasury securities, blue-chip companies, and both commercial and residential real estate, and live off the interest. But they never do it.

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Quote from: coinerer on July 10, 2023, 11:34:13 AM

Quote from: ralle14 on July 09, 2023, 08:06:11 PM

Quote from: noormcs5 on July 08, 2023, 02:43:53 AM

Usually, people who win in gambling but not able to cash out or save their winnings and I think this has something to do with a Healthy mindset.
If you do not have the intention to save the wealth, you will lose all your winnings by risking them again in another gambling bet.

Only a mentally strong person who has control over emotions and have money management skills would be the real winner here and will become rich eventually.

That same healthy mindset needs to be applied outside gambling as well because I remember watching a documentary about a lucky lottery winner, and it only took them at least a year to lose everything they've won from the lottery. In their case, they unnecessarily spent their winnings on luxury stuff and only started worrying about their finances once they've used all of it. Instead of hoping to become rich one day, we should strive to be financially stable.

A healthy mindset cannot be effective in winning the lottery because no one has any strategy to win the lottery or any strategy does not work here. But in any other sector of gambling, a healthy mindset can work very well. And a gambler with his healthy mindset can win casino with good strategy, and most times win from sports bet. So it is true and I agree that a healthy mindset can bring success to a gambler. and it can prevent you losing your momey by panic gambling

A healthy mindset could be applied to all aspects, whether gambling or not. Let's say in the lottery, if you write the wrong number or put the wrong combination of numbers because you are too stressed or overthinking something, then the number result should be the number that you should be betting on, and you'll lose the winning or, let's say, be unlucky, but the root cause is not being in a good mental state. Anything that we do or actions involving it, but again, there are different definitions of success in gambling; others will say if they have a good time even losing, then it would be success; it is not only about winning.

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Quote from: Webetcoins on July 11, 2023, 07:30:23 AM

It's not really only about having a rich or healthy mindset but it is also about discipline and self-control. A person with a rich mindset might also have a hasty nature which makes him take decisions without giving them much thought which ends up putting him in situations that cause him losses. So, the very first thing in a person, whether they have a rich or poor mindset, to be able to achieve that in gambling is to have self-control and the ability to be disciplined.

Someone who doesn't have these things will barely be able to get any success in gambling even if they are winning, because as you said, they will eventually lose everything back because they won't stop after winning as greed makes them gamble more only with the hope that they might win even more with it.

Greed is difficult to fight as it is deep in our roots since many centuries ago and is deep in our DNA.You can't change something that is programmed to behave like it does,therefore even a healthy mindset may be victim of a moment where greed prevails over the brain and the gambler follows his instinct clearly in a damaging way for him as greed usually cause us to lose a lot of money.

This to say that a healthy mindset is not enough if we have not trained ourselves very well in self control and self discipline,the healthy mindset cannot keep you at winning ways,discipline does as it dictates us to stop no matter greed may be yelling gooooooooo.

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Quote from: YOSHIE on July 10, 2023, 01:23:46 PM

Quote from: noormcs5 on July 08, 2023, 02:43:53 AM

Only a mentally strong person who has control over emotions and have money management skills would be the real winner here and will become rich eventually.

To be honest, I have enjoyed winning gambling money with a fair amount, but I have never thought of gambling money as healthy money or made into a pattern in the healthy category, I think gambling winning money can only be spent for fun, as I think gambling is only for fun.

My soul is contrary to the results of gambling money and I think it is not real wealth for me, as I easily win it so I easily get it out, on the other hand my victory is not a benchmark for the source of wealth, Even though I have thousands of dollars, it is not a good idea for me to consider gambling money as health and wealth for me, let alone make it my life money.

I also don't think that winning money from gambling is healthy money because I don't think the way to earn it is halal. And I know that in my religion gambling is haram, so winnings from gambling can be categorized as unhealthy or haram money.
and what I really feel is, whatever money I win from gambling is gone in an instant, which sometimes makes me wonder where the money went. So I thought that even if I could get rich from gambling wins, it would be very easy to become poor again. Even if the money is used for business or investment, the results will not be as expected and will not last long.
So it's better to gamble for fun and if you are lucky and win money then also use it for fun and with that we get double pleasure.

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It's not really only about having a rich or healthy mindset but it is also about discipline and self-control. A person with a rich mindset might also have a hasty nature which makes him take decisions without giving them much thought which ends up putting him in situations that cause him losses. So, the very first thing in a person, whether they have a rich or poor mindset, to be able to achieve that in gambling is to have self-control and the ability to be disciplined.

Someone who doesn't have these things will barely be able to get any success in gambling even if they are winning, because as you said, they will eventually lose everything back because they won't stop after winning as greed makes them gamble more only with the hope that they might win even more with it.

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Mentality alone is not going to make you rich. It could help you become motivated to try to become rich but in the end what makes a person rich is pure luck. You could open 100 businesses and they could all flop, not because the product you are selling has no market but because you opened your business at the wrong time or in the wrong place. On the other hand, some guy who did absolutely no market research and just decided to sell something might have met an Influencer, who made his business very famous and he gets rich overnight.

I think we should all be happy with what we have, and not see money-making as the ultimate goal of our lives. I am sure that every old billionaire in the world regrets not having lived his/her life differently and only having used their life's time to make money.

As I see it, a healthy mindset is important to live a happy life. Getting rich is just a bonus.

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Quote from: noormcs5 on July 08, 2023, 02:43:53 AM

Only a mentally strong person who has control over emotions and have money management skills would be the real winner here and will become rich eventually.

To be honest, I have enjoyed winning gambling money with a fair amount, but I have never thought of gambling money as healthy money or made into a pattern in the healthy category, I think gambling winning money can only be spent for fun, as I think gambling is only for fun.

My soul is contrary to the results of gambling money and I think it is not real wealth for me, as I easily win it so I easily get it out, on the other hand my victory is not a benchmark for the source of wealth, Even though I have thousands of dollars, it is not a good idea for me to consider gambling money as health and wealth for me, let alone make it my life money.

Topic: Healthy mindset to save earnings from gambling - page 9. (Read 1402 times)