Save for retirement or gambling? | Bitcointalksearch.org

dunfida

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Quote from: satscraper on Today at 02:39:49 AM

The last month was the luckiest one as I have managed to get more than 10 K from gambling.

Now I have a dilemma on how to hold the balance relevant to this extra money.

One option is to put them away from my gambling bankroll and save for retirement. ^{Although my wife insist on this my view is opposite as retirement time is still wide open for me,t^{he question is - will I survive until then}}

The other choice is to use them as extra resource in my gambling routine.

Your opinion?

When it comes to fund management then everything will really be that depending on you on which it will really that matter whether you would really be that mindful in regarding about into the actions that you would be making whether it will be giving out that kind of contentment or having no regrets after such decision. Its not bad to hear out others suggestions and recommendations but in the end of the day on which you are the ones will really be that making up the final decision. Somehow there will be those situations that others advises will really be that something influential on which it isnt bad to consider either because there are moments that our decision making is vague.

When you do make huge money in gambling then its always been best on trying out to secure with those winnings at least like buying up something which is valuable or something called to have those assets rather than on buying up some liability. $10k is already that big in some countries on which you can do tons of things about it. Save for retirement? Its always been that the best approach to have rather than on making yourself spending up those winnings back into the casino on which it is really just that a waste of money on this case.

aioc

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Retirement and savings should always be in our mind at all times and if there are an opportunity to save for our retirement then we must do it, in our ocuntry our workers have a security system where certain amount is deducted from their salary for their retirement.
Now you have the opportunity to put an amount for your retirement, you should go for it, if you put it in your gambling bankroll it will eventually vanish, and you will regret that you did not kept it for retirement savings.

Finestream

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Remember that winning has not always happened, so better spend your money on something that generates income. Take 50% for investment and other income generators, and the other 50% is for you to enjoy. That sounds fair, doesn't it?

Anyway, you and your wife should talk about it. Although 10k is not really huge compared to winning a jackpot in lotteries, you can make some fortune with that if you spend wisely. Just think about where you could maximize your winnings rather than just losing them in your hands quickly.

slapper

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That 10K is sweet, seriously sweet. Though life can entice you to roll it all back into betting, if luck changes you could regret it. Would the adrenaline be worth a possible zero? Ask yourself. See whether creating a safety net appeals more to you. Sometimes that tension between fun and security reveals how you view risk. Is it about milking every chance or about a more steady journey towards comfort?

Your wife is obviously pushing retirement plans for a good reason. She realizes that tomorrow is uncertain, hence building resources helps to provide peace of mind. Although your future self would applaud you for at least partial savings, you might find retirement far off. Why not divide it? Park half in a trustworthy account; keep half for your thrill

Nobody is telling you to give up betting. If your pastime is this, you need that thrill. Still, a fallback is only pragmatic. You are rolling your own stability without it. Now that might be interesting, but later on it could be quite irritating. Choose that which honors your long-term sanity as well as your urgent needs. One day you won't wake up wanting you had paid attention to that inner voice asking, "What if I had saved some of it?"

Judith87403

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Quote from: satscraper on Today at 02:39:49 AM

The last month was the luckiest one as I have managed to get more than 10 K from gambling.

Now I have a dilemma on how to hold the balance relevant to this extra money.

One option is to put them away from my gambling bankroll and save for retirement. ^{Although my wife insist on this my view is opposite as retirement time is still wide open for me,t^{he question is - will I survive until then}}

The other choice is to use them as extra resource in my gambling routine.

Your opinion?

Congratulations for the win is actually nice to hear that someone win from gamble because I know how difficult it is before one can experience win in gamble, so in that case I will advice you use the money to start up a little business for your wife. Or better still you can invest it in crypto, just anything you know that can profit you in the future.

Moreover, if you choose to leave it in your betting account you will be surprise on how the whole money will just vanish, Of course this happens most times when you experience win in gamble. probably you can decide not to gamble anymore, but at some point you will be tempted to gamble to increase the win. And there's no way you can control This emotion because you will think that you're still in the wining line.

Wexnident

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Quote from: satscraper on Today at 02:39:49 AM

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I mean with a mindset like that pretty sure people's opinions mean jack shit to you. I mean seriously? "Will I survive till then" Huh

In that case just splurge. Live like every day is your last if that's what you think. People invest in themselves and their money to grow, so that they can live freely in the future. They're basically spending today, for tomorrow. And that's a mindset completely opposite from you.

Personally, I'd just slam it in Bitcoin cause it's money that just fell from the sky.

Strongkored

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Quote from: satscraper on Today at 02:39:49 AM

Your opinion?

In my opinion, saving for retirement or for gambling is not a good comparison, because clearly saving for retirement is the wisest choice, indeed you can still win if you play more actively or bet with a big amount but remember gambling is not an activity that you can predict the outcomes, you can win big but vice versa, and maybe a good choice is to divide it, a more portion for retirement and the rest is used to continue gambling, so you have retirement savings and can continue your gambling activities.

Cantsay

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I’d support the first option because putting it back into gambling doesn’t guarantee that you’ll be able to make more or even be able to withdraw it again since the out of gambling isn’t predictable so I’ll advice you keep it far away from gambling.

If you don’t know what to do with it then I’ll suggest you look for an investment that has low risks (the return will be low though) and invest in it since that will prevent you From putting it in a more risky place - or if you can follow the first option that’s the most reasonable option for retirement.

rodskee

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Quote from: satscraper on Today at 02:39:49 AM

One option is to put them away from my gambling bankroll and save for retirement. ^{Although my wife insist on this my view is opposite as retirement time is still wide open for me,t^{he question is - will I survive until then}}

what currency are we talking about here? i do not know how big of an amount you are talking about that saving it for retirement will be such a huge thing

Quote

The other choice is to use them as extra resource in my gambling routine.

Your opinion?

just do half half, mate

use half and put it into savings then take the half and use it for gambling again so that if you lose you do not regret using all of it since you have saved up some but if you win it would be a good thing because you basically doubled or triples your initial money upon gambling

lovesmayfamilis

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We are on the Bitcoin forum. Why not invest a little bit in Bitcoin? You are young, if you are far from retirement, it does not mean that it will not happen or that there will not be situations requiring unforeseen expenses. Investing will be a good safety net, no matter for what purpose now. It is always necessary to have some account of untouched funds, and gambling is a good assistant in this with the right attitude. You spend your deposits and put away your winnings for the future

eisen33

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Quote from: satscraper on Today at 02:39:49 AM

The last month was the luckiest one as I have managed to get more than 10 K from gambling.

Now I have a dilemma on how to hold the balance relevant to this extra money.

One option is to put them away from my gambling bankroll and save for retirement. ^{Although my wife insist on this my view is opposite as retirement time is still wide open for me,t^{he question is - will I survive until then}}

The other choice is to use them as extra resource in my gambling routine.

Your opinion?

Great win, congratulations!
Maybe you can share with us in which games you managed to win such a win and with what budget you managed to do it?

I would definitely withdraw the winnings, maybe I would not put them aside, but would invest them in safer assets that could bring me passive income. It seems to me that leaving such a large amount of money on a casino deposit is not the best decision, because there may be a temptation to gamble with this money and lose it, but if you withdraw them and leave only the initial bankroll, then it will be reasonable.

Dave1

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Quote from: satscraper on Today at 02:39:49 AM

The last month was the luckiest one as I have managed to get more than 10 K from gambling.

Now I have a dilemma on how to hold the balance relevant to this extra money.

One option is to put them away from my gambling bankroll and save for retirement. ^{Although my wife insist on this my view is opposite as retirement time is still wide open for me,t^{he question is - will I survive until then}}

The other choice is to use them as extra resource in my gambling routine.

Your opinion?

Why not do 50/50? 50% of your winnings for investments and save for retirement? And then the next 50 go and gamble and see how your luck will stretch that far. What kind of games did you bet though? Luck base or sports betting?

I haven't manage close to $10k winnings in a month, so that is really huge and obviously, lady luck is on your side.

However, this might not happen again although you may want to take a big risk again but this time, not all of the money that you got from winnings. Just 25% or most 50% of it and see how it goes for you.

michellee

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If your winning is in Bitcoin form, you can hold that balance in separate wallet especially if that funds is for your children in the future. Saving the funds in Bitcoin form will good for you as you see it by yourself how Bitcoin performance so far.

If you use that fund as your extra resource for your gambling routine, there is no guarantee you can win big more. You can lose all of your money without winning. Based on that, it is better to hold your funds in Bitcoin form in different wallet.

You can deposit some money to gambling and although there is no guarantee to win, you don't have to risk too big money in gambling. That will be better for you because you can save the money for your children's future.

xenomorfo

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Quote from: satscraper on Today at 02:39:49 AM

The last month was the luckiest one as I have managed to get more than 10 K from gambling.

Now I have a dilemma on how to hold the balance relevant to this extra money.

One option is to put them away from my gambling bankroll and save for retirement. ^{Although my wife insist on this my view is opposite as retirement time is still wide open for me,t^{he question is - will I survive until then}}

The other choice is to use them as extra resource in my gambling routine.

Your opinion?

Oh my God, is a little a bit to start thinking about retirement
You may try to manage them better to make them last and if you are good to increase them
But it is not so easy, in bets luck also serves luck and luck does not always witness us in betting

I do not make bets but it was to explain what i think

mammusu

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Quote from: Slow death on Today at 03:34:45 AM

Few people are lucky enough to make high profits from gambling, so you should take advantage of this opportunity and invest the money in the real world, because if you get old you will be able to benefit a lot, for example, if with this money you can open a company in the real world then you would be guaranteeing employment for your children, now if you take the money and put it in something on the internet (crypto casino, exchange, crypto wallets), if you die your family will not benefit from this money.

Gambling gives us great hope to win and change the fate of life in a short time, but in reality we only see many of the gamblers who end up only getting losses and even bankruptcy in their lives, I think even the luck we have will not be enough to make us rich even though we may have spent a considerable amount of capital, So indeed investing in the real world is still better and promising even though on a small scale we do, but as I said above, if someone is more inclined to like to engage in gambling activities because indeed the hope of winning is bigger and faster although it is only an empty hope, while those who try to invest in the real world do promise small but long time profits, at least that it can be a financial grip in our lives later.

Hatchy

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Quote from: satscraper on Today at 02:39:49 AM

The last month was the luckiest one as I have managed to get more than 10 K from gambling.

Now I have a dilemma on how to hold the balance relevant to this extra money.

One option is to put them away from my gambling bankroll and save for retirement. ^{Although my wife insist on this my view is opposite as retirement time is still wide open for me,t^{he question is - will I survive until then}}

The other choice is to use them as extra resource in my gambling routine.

Your opinion?

Wow that's a huge profits mate. First congratulations because it's not easy to gather such huge amount from gambling as the losses most times are more than the wins. Non the less,I would advice you take your gambling account and save them up. Even though it's not for retirement purposes, don't take it back to gamble as it's very possible that you would loss all In just few games. If you can get something to invest it on, that would be better off

danherbias07

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Retirement fund. That will be my choice because it's the safest one. We cannot see the future but we need to be ready for it. Yes, we don't know if we are going to live that long but the question of "What if?" will remain. So, might as well be prepared for that or we could die in hunger. Cheesy

My other option will be investment. Since gambling is not an investment, I'd rather put the profits on something safe or even on cryptocurrencies with a good reputation. Bitcoin is a great choice, of course. There are many options when it comes to investments and low risk might grow slowly but it's better than just being idle.

satscraper

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Quote from: Furious 7 on Today at 03:25:56 AM

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By opening this discussion you can get various kinds of satan and when you have found the right advice, make sure it suits you, meaning there is no need to force it because after all the will is in your own hands.

As I said already I don't like idea to safe my extra $10K resource for the future ^{with which I'm not in touch right now} but to stay contact with my wife opinion probably will fall back on fifty-fifty compromise between my and her points. Probably it would the most rational decision as those extra $5 K put on gambling may result in more retirement saving, ^{some argument for my wife}.

Die_empty

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Quote from: satscraper on Today at 02:39:49 AM

Your opinion?

If you calculate how much you have lost from gambling since inception, you might discover that you just recovered part of what you have lost. Saving for gambling is not the right approach since it is ideal to set out little funds from your income for gambling. I don't need to save for gambling because there is a percentage of monthly income that is set aside for it.

If I were you, this win will be a good source to invest for retirement. Maybe buying some amount of Bitcoin and keeping them till I retire will be a good decision. You might assume that your retirement time is still far, but you would be surprised that a decade is almost around the corner.

Slow death

legendary

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Few people are lucky enough to make high profits from gambling, so you should take advantage of this opportunity and invest the money in the real world, because if you get old you will be able to benefit a lot, for example, if with this money you can open a company in the real world then you would be guaranteeing employment for your children, now if you take the money and put it in something on the internet (crypto casino, exchange, crypto wallets), if you die your family will not benefit from this money.

Topic: Save for retirement or gambling? (Read 125 times)