Save for retirement or gambling? - page 2.

aoluain

legendary

Activity: 2464

Merit: 1387

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?

I hope by "saving for retirement" you aim to buy Bitcoin?

If it was me I would be withdrawing the majority of that and buying Bitcoin.
To me it seems like a hugh amount of money to just flit away at gambling,
maybe you are a high roller and that amount of money is small fry to you?

Retirement will come around quicker than you think and I wouldnt like for
anyone to have regrets as to what they did financially in their past.

Furious 7

hero member

Activity: 2856

Merit: 644

https://duelbits.com/

There are some people who choose to save because they are thinking about their future, I myself, if I win in gambling, the option I choose is to spend it directly on the property that I need or want and occasionally I save it for my own needs, sometimes it is used again to gamble again, in my opinion it depends on you yourself who will use the money like what, but what I emphasize is that you must use it well so that there is no regret such as risking everything again in gambling, that is not a good action because you might lose all the winnings you have got.

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.

Jawhead999

legendary

Activity: 1890

Merit: 1210

Save for gambling doesn't sound right to me.

It would be appropriate to say, risking my money in gambling to make more.

Why not both? I don't know how much you spend in gambling, let's say you use $500 per month for gambling, you can save $9.5K for retirement and use the $500 to gamble more.

If you didn't earn by gambling your $500, at least you still have $9.5K saved for your retirement.

Japinat

hero member

Activity: 3052

Merit: 685

Maybe you should consider investing if you haven't already, whether it's in crypto or by starting a real business. I assume your wins come mostly from luck, which means you're not winning consistently every month. If I were in your situation, I'd invest the $8k and gamble the rest. That way, you'll still have some bankroll left for gambling.

Text

hero member

Activity: 2618

Merit: 612

Congrats on the solid win! The temptation to reinvest in gambling is always there especially when you're on a streak. But your wife has a point setting aside some of your winnings for the future isn’t a bad idea.
If it were me I’d set aside at least a small portion for retirement while still playing. That way you’ve secured something and at the same time you won’t feel like you’re missing out. Whatever decision you make I hope it’s one you’ll be comfortable with.

iv4n

legendary

Activity: 3346

Merit: 1191

Nice win, congratulations. We don't see people win 10k every day, I hope it's dollars or euros, you didn't specify.

Well, if you wish to play it smart you should invest a nice part of that in something... lock it if you have to. Use some of it to buy something for your wife, family, house, yourself... or simply spend it on a family vacation or something similar.

Of course, leave a small (but nice) part and keep playing... who knows, maybe luck will look your way again, and even if you lose, you won't regret it because you have already done some nice things with most of that money. Good luck!

satscraper

hero member

Activity: 714

Merit: 1298

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?

Topic: Save for retirement or gambling? - page 2. (Read 125 times)