Topic: Pay off DEBT by do Gambling? think again before you loss more - page 3. (Read 1777 times)

Many people are that irresponsible, right now we live in a culture that is always looking for a quick fix to any problem, so if a person is lacking money, instead of thinking about decreasing their current expenses or learning a new skill which could allow them to get a better job.

What they want is to solve their problems as fast as possible, and they think that gambling can be a way to do this, since gambling could allow them to get enough money for their needs with relatively low effort and do so rapidly, but this is a naive view, since it is way more likely they will lose their money and aggravate their problems instead.

Exactly! but not all lending companies give a grace period on the debts you have to pay. Usually they are strict in their policy and they will really follow what is stated in the agreement, they can also pull the collateral you gave them anytime you fail to pay.

As long as you have a sincere intention to pay off your debt, I am 100% sure that the debt collector will give in and give you an additional deadline, but if you want to run away from your responsibility then it will definitely be difficult to pay off your debt and the debt giver will not give you relief.
gambling is a risky activity, especially the risk will increase when you have debts that you have to pay, I suggest always being stable in paying debts, debt management is very important, if you pay off your debt on time then you will get used to doing that and always focus (it would be better for gamblers to stay away from debt activities)

when someone has debt to another person and cannot pay it back on time and giving an explanation and asking for an extension of time for me much better and also having good ethics like still having the responsibility to return the money.
It's also better than forcing yourself to get results in other ways such as gambling to double your money and quickly pay off your debts its quite clear that he expects more from gambling, whereas gambling is only a place of entertainment, but instead gamblers see it as place to make money.

anyone here or out there, I hope that you never think of gambling as an opportunity to make money or hope too much because that kind of thinking very bad and we can be too dependent on gambling every time we need money, we will definitely run to gambling in the hope getting money get money but if you are not lucky make sure we don't double the money but double problem we have to return the money and also lose the money at same time.

I dont know on why these people do really think off about gambling as their last resort or solution into such problem on which we know that this is really that a form of suicide on which there's no way that
gambling could really be the solution on such problem specially on trying out to pay some bills and you do have that last money and tends to gamble it out because you do hope that you could be able to pay
up your bills via doing gambling then it is really just that suicide. You would really be finding yourself into greater trouble on the time that you do make out such decision on which we know that its never been
worth on doing gambling to be a money problem solver because instead you do find out a solution you would rather make the situation gets more worst so better be careful with your decisions in life. 

If a person couldn't even pay their bills or necessities, then why would they even risk losing their money on gambling?
In gambling or investment only risk what you could afford to lose and they couldn't even afford to pay what they need so why would they even have to risk what they have?
I only agree on instead of risking the little money that they have in gambling they should focus on earning more than they are currently earning since it is clear that it isn't enough, even if they do take loan they would still be indebt so it is useless, the only solution would be to earn more.

We agree with what you said, in fact if gambling is used to find an instant way to get money quickly. especially with the aim of paying off debt, the consequences can have a big impact. one of them, as you said in this thread. instead of doubling your money and getting winnings to cover or meet your needs, the result is that the gambling we do usually doesn't meet expectations. If we are lucky and win a gambling session with a large reward, then that is a blessing. or, we win and are destined to win that victory. but if it is the opposite, our problem will not be resolved, but the problem will actually expand and get bigger. like some of the points you mentioned, in the end we will try to look for loans here and there and how to try to get money. unfortunately, instead of covering previous debts, they ended up gambling again to chase losses. Cases like this often occur in our social environment. so, it's not a foreign problem for me personally.

One of the keys to solving the problem is, as you said  looking for part time work. or, get a little creative to bring in money without having to risk it at the gambling table. referring to my experience, when our emotional situation is not in a pleasant condition, we are in debt and so on. then gambling, usually does not answer our needs. in fact, we don't get any pleasure from the gambling sessions we do. however, if we are in an exciting situation, the gambling we do is often the opposite. hit after good hit during a betting session, often according to our happy mood. although in reality, it's not always that specific.

Not really that totally disrespectful as long you would really be making some explanations for such delay and not really just that running away from your loan.
Paying off your debt no matter what the use of those amounts on the time that you had been promised on. Its never been good on running away from it.
You would really be losing your credibility and people would really be losing that trust into you on which it would be worsening up the situation.
Paying off debt and gamble with it or simply making it as a solution? You are really that basically putting up yourself on such great trouble.

I think paying off debt through gambling is achievable if that individual is consistently receiving money, like a monthly salary or something like that, or any cash flow that he or she is consistently receiving. If he or she does have that, then the next step is to budget that money. For example, 5% of that money is for paying the debt, and the other 5% is for gambling. That 5%, he or she will try to gamble it and hopes to make it 3x more so it can be paid for the debt.

I think the problem with your friend is that he is not receiving consistent money to supply his daily needs and wants, and as a result, he cannot handle his debts because he is barely living, and that is the worst. In that situation, I think he needs to let go of gambling and try to find another source of income or side hustle. By working, he can pay off his debts without much risk because he is working and not gambling.

Borrowing sums of money and not paying on time as promised is disrespectful. It is a virtue to be consistent with our words and not become abusive, particularly to individuals who showed concern, for instance, the lenders.

Perhaps teaching ethics and good morals to their kids is not normal in certain families.  I also recommended that it ought to be taught by parents and early school so that kids become honorable when they grow up raising families and laying out connections with others.

Gambling is only one of the choices we have to enjoy while likewise getting the chance to bring in money. So, getting cash in wagering is by chance and not an assurance.

Trying to pay your debts by gambling is the worst idea you can think of, an almost certain way to make your problems bigger and end up broke, as happened to the protagonist of the OP's story. We cannot repeat it enough times: gambling should be done with money you can afford to lose and never thinking that it will be the solution to your problems.

That's probably the worst thing that you can do, gambling so you can pay off your debts is a sure fire way to destroy your life and burden yourself with even more debt. I hope that this person didn't have that much debt though, I feel like people really need to understand that debt is a really heavy obligation and that people shouldn't just go on and ask for it or give it to someone because you're borrowing trust too if you're the borrower and the lender and it's really a hard thing to be a lender because you know that the money isn't going to go back anytime soon. Maybe we really need to teach the young people about debt because I do believe that if we instill a rule or principle early on their life, they'll be able to bring that until they're an adult, they're like a blank canvas at a really young age so it's a good idea to do so I think.

This is the worst thing that you can do in order to pay off your debts. I mean you already in lack of money, still you will take another loan to pay off this loan. Moreover you chooses gambling to do it so? Gambling is a profession where there is no uncertainty in winning. Everything depends on luck and how lucky you are. But still depending on something like this will be a foolish act. If you don’t want to increase your debt amount, then it’s better to avoid this idea.

Sometimes it is hard, there are people who have made those decisions of wanting to multiply their money with slots or any online game, but we have to be Clear that there we are going to lose everything or nothing, this when you put that money That's what we have left, but I think that before that, you have to think about it, because things are not as they are portrayed in the movies or in any type of publicity, I know that slots are games that can be played with little money. can win a lot, but maybe OP's friend had a lot of despair and a lot of stress, those two things worked against him and left them with such negative results, then of course if the fact of us entering a casino out of necessity, well We shouldn't do it sometimes without meaning to we play and win, but playing under pressure and under that stress you can't play calmly.

A casino is not an ATM so things can look very Different when we are looking for things to do, if there are many ways to do things better, it could be a loan, something I don't recommend, but in the face of so much desperation and with fast money omejro that's it, but considering that things can be very difficult, that's much better than risking everything in a casino.

It depends on the location of the person, for example if you are in the USA or Europe there are jobs that are done by the hour and cost a few dollars, so if you do something like that, is it what I recommend because I eat more ? There is no Other way to have a normal job because they pay 15 and 15 of the month, but at least you have other outlets, but you immediately have to lend money, and the best thing is, I would lend money , but only to buy bitcoin at this moment , because it is the easiest way to have it and multiply it, there is no other way , but of course as I said before, remember in a moment of despair because these things happen.

It's funny that some gamblers are resorting to gambling to pay their debt. It would be good if you're lucky and able to earn a decent amount, but what if worse case happened? Gaining should not be the mindset when you gamble your money, once you wager, be prepared to lose since that is very possible. Therefore, forget about paying your debts or gaining huge in gambling, just enjoy the game. Because if you can't do (since your goal is to gain) chances are you'll only lose more for having such mindset.

And that is what many people do not want to acknowledge, the number of people that go from being poor or middle class to become rich and which do so without working hard is quite limited.

Anyone that wants to resolve their money issues have almost no other option but to work diligently towards that goal, no other solution other than that can work out, but since this requires a lot of effort, many people prefer to think that there is a way for them to achieve the same results without exerting themselves that much, a belief that is mistaken without a doubt.

By gambling to pay off debt, gamblers are just going to increase their overall debt along the time, as they will be adding debt from gambling to their current debt they are trying to pay off through hypothetical gambling income. Profit which may never come, or that will eventually stop coming at some point the more they gamble, once they hit a long loss streak. For the debtor, gambling is just going to mess with his life even more, as the purpose of this activity isn't to proportionate people money to pay their debt.

If gambling worked this way, I guess nobody would have to work anymore, as they could simply use gambling as an ATM machine always they were in need for funds. People want easy and comfortable solutions for complex issues. The truth is that if you are in need for money, you have to work in order to acquire it. And there isn't any other alternative, if you aren't an heir from a wealthy family or don't have anyone behind sponsoring your expenses.

 This was happen to me when I had start the carrier in the gambling site.Because when we have a loan need to pay,but we don’t have enough money for paying complete loan.This leads to the gamblers to get more pressure in the gambling site to make money.This will make me to take more risk in the most of the game.The gamblers who take big risk in the gambling will ah e tow option,they will shine on the gambling site.The second one is different the loan repayment was become the harder one.They emotionally weaker person will loss the money easy in the gambling site.

I agree and that's what I have said in the latter that if you've got your own money or from your salary or any means that it is yours.

Much better to choose the safest way to pay your debt through that than choosing to gamble and then you might have another problem on top of that.

It seems like there are a lot of gamblers who think that gambling can solve their problems, including paying off their debts if they are able to win a certain amount of money or can double their money when gambling. People like this usually don't think too much about the risks because as far as I know, people who think regarding the risks of gambling, he will not consider gambling to be able to solve their problems, in fact gambling can create new problems that further complicate their own situation.

This has been reminded many times by many threads here that don't take too much risk in using money when financial conditions are difficult, because it will be a big risk for them because they will experience defeat due to the fact that people who dare to take risks may not necessarily be able to produce as expected. In fact, it will destroy your hopes and it will be increasingly difficult for you to pay off your debts caused by gambling losses