I always have a dilemma when it comes to chasing losses in gambling. When I’m in the good mood, I preferred betting using the same amount multiple times until I hit a winning streak to recover my lose but when I’m in bad mood, I usually increase my bet size equals to my total lose so that I can recover quickly.
What do you typically do when you are on chasing loss situation?
It doesn't matter what you do really, both situations are likely to be equally disastrous for you if you're "chasing losses". Doubling down will just mean you have one less click to perform if that's your final bit of money available. This misses the entire point that you are gambling on a game that is designed and even tells you up front that for every $100 you put into it, you are statistically likely to get only a certain percent back - like $97 dollars. Then you'll put those $97 dollars back in and get back $94.50 and so on. The rare victories you get larger wins will not outweigh this, they are just there to prolong your play and get you into a habit forming mentality - so you'll add even more funds after it's all gone. |
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According to various studies and world inequality report 2018, large portion of world's wealth is concentrated in the hands of small portion of population, while the bottom 50% holds less than 2%. This distribution of wealth is highly unequal and cause of concern for many people, as it contributes to social and political unrest all over the world.
What governments can do to make it more equitable?
I fear that the balance has drifted much further away from this in the 5 years since the report was created. Money makes more money is the fact, these billionaires are hoarding their massive wealth and if they have it diversified will be accumulating much more each year with almost no effort at all - in the form of dividends, or companies paying out their profits to shareholders. It's very hard for governments to push back these days and requires every country pulling together to tax them at much higher rates. Frankly, the capitalist model is the best we have but there becomes a point where a single person does not need millions of times greater amounts than the average person just sat in their accounts doing very little. |
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There's currently a heated issue between an older cousin of mine and his fiancee, it's a gambling related issue that's now looking like a threat to their relationship. Here's what happened;
My cousin as I know has been an active gambler for as long as I could remember and he's one person that gamble responsibly as he takes it as something that's part of a side hustling and nothing more and he added that the winning streaks he has been getting has really been supportive to him financially too. I get to know this cause that's what he told me when I asked him why does he have to engage in online gambling when he has a good paying job. The disturbing issue here is that a day ago his fiancee whom both have been dating for about a year now, she for the first time had access into his mail and discovered lots of email messages both previous and current from the particular gambling sites he has a gambling account with and her awareness of this has made her to ask my cousin to either chose between quiting from engaging in any form of gambling or ending their relationship.
Her reasons is because she has this brother that's into gambling and his gambling habit has led to him selling off important properties of his and some that belongs to the whole family just to meet up with his uncontrollable gambling urge. And this experience scares her to death having anything to do with anyone she notice that engages in gambles activities especially for someone she's in a serious relationship with, that she can't deal with such reality.
I'll really appreciate to have you share some advise on what decision to take if you were to find yourself in this my cousin shoe. For It's been a difficult moment for him this past two days as he has been thinking of the financial support he at times get from the gambling wins and at same time his fiancee too.
There's a couple factors that might play into this situation. Firstly, when they first met did he exhibit and share this same behavior, because if he did then trying to change him - even if his gambling addiction is destructive - is unlikely to work. He will need to reach a certain low in life where he realizes that gambling is something he cannot control and something that is not beneficial to his future success. It's only him that can deep down change and stop this activity if it's damaging. If he is selling off and consistently losing money on a large scale then he is willing to lose it all chasing some futile dream. It's a tragedy but she would probably do best for both of them if she left, there is a slight chance it might be enough to snap him out of it, because he may end up dragging both of them down in the long run |
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Most of us are born in a normal family. By normal, I mean we are nurtured and raised by healthy parents and they are still active when we graduate from college and start working. In many countries where economy has been hit by the COVID and affliated incidents, life has been harder than before and many have to choose to live with or at least ask help from their parents. From parents pespective, I believe as long as they are able to help, most likely they will be willing to help, because they love you. From children's perspective, I think this may solve some realistic problems in the short term, but in the long run, this will damage the creativity and motivation to face life challenges and harm the ability to manage finances, especially if you are a man. I say this because a lot of the friends from my generation are struggling financially now because they have been dependent on their parents and even after getting married and establishing a new family, they took a regular amount of money from their parents to pay off mortgages or cover other expenses. They've never thought about having another stream of income or one day their parents may not be making money and instead need money and care from them. A lof of hidden problems are there but just ignored. In my opinion, the earlier you become independent financially, the more likely you will be living a comfortable life with your finances. Better to know this and be prepared, if you are young.
That seems like a very odd situation you pose, but it may be true in certain situations I guess. You're right that staying "at home" with parents can definitely be stifling to growth because it limits the freedom and activities you can participate in, while also keeping you somewhat in a bubble from certain bills that you might be expected to pay while renting or paying for a house. However no reasonable mortgage provider would lend on the basis that the person cannot fund their own payments each month, so in that sense something went wrong with the financial checks. There is definitely a degree of independence that will never be learned until someone can live fully apart from their parents. |
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I assume most gamblers are aware of the saying. The popular theory on beginners luck. But to some extent most people don't believe that their is such thing as beginners luck. I certainly to some extent believe on this because i experienced mine in the first time i tried dog racing in a local casino house am gambling with. I had a massive win of about of 800$ at my first stake on dog number 4 which was having a high odd for them winning and i was very happy but the cashier told me "you just had beginners luck ". But my second thoughts on this was that, its like a trap set for newcomers into the gambling world  . Some gamblers certainly get overwhelmed by the first time win and go all in the habit of gambling. So whats your take on this guysIf you imagine that you are a casino, wanting to draw in gamblers and effectively in control of a blackbox where nobody can see the levers you're pulling, then there is definitely room for some psychological tactics to be played in order to get new players in. Casinos have some of the highest advertising costs, simply because they are money making machines and once you've got a player hooked they can easily start paying out buckets of money. Just look at all the many welcome bonuses on offer, where they give away literally $50+ guaranteed to a savvy player, simply because they know that the vast majority of people who bet will pay in much more than they will ever take out. On balance, it makes much more sense that casinos would engineer favorable conditions at the start of a gamblers journey, especially when they are willing to pay so much to acquire them. |
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So here is a small report on the previous week crack down of SEC on Staking services provided by Kraken and Things could also go bumpy for other exchanges too. Maybe these are fuds, but things may changes so i think we should remain active on any news from SEC. 1. On 9th February, SEC Bans staking of crypto in kraken exchange on in USA. other countries can use the staking service. SOURCEAs the in the pic, after that news price of btc moves down from $23k to lowest of $21,473. well this week comes with some positive vibe but things may go wrong after the news of SEC concerns about USD of Binance (BUSD). 2. Concerns of SEC on BUSD may cause trouble for Binance atleast for the market in upcoming days. i think they are planning to give market, goose bump in this month. Well, As we all know BUSD because most of the people use it me included. well Paxos is the main company minting this token. previous year we have heard many news about paxos and binance as fud was created last year, saying that, busd are not under control of BINANCE instead they are under control of PAXOS, and they said paxos was not registered with sec or whatever. all of it was to spread panic in the market. And now again SEC is determined to sue Paxos and asked them not to mint any BUSD after 21 February. What are your thoughts on this. 3. well previous week just like before Binance tried its best to shift the concerns of SEC towards COINBASE platform. as i read some of there article and some of the lines in my interpretation looks like, Binance wants to shift that banning concerns towards Coinbase staking system by saying following lines. 4.Well despite of sec's prohibition on Paxos to stop minting BUSD, CZ of Binance, told that paxos will contune to mint busd. Well Binance does cover a great analysis about How will these crackdown boost the prices or market cap of Ethereum (decentralized) SourceWell no doubt remains there when these bans on staking would cause many exchanges to bankrupt because of shirftness of investors and stake holders to other platforms. Well, in some ways these bans are also backing the ecosystem like when people tend to go for decentralized platform to stake there assets. Maybe there are more surprises. There is definitely a storm brewing against a lot of exchanges at the moment and regulators are taking an opportunity to target cryptocurrency users now the price is back down again. However some of these companies did just keep pushing the limits of what is acceptable and eventually they were going to dance over the line. As an outsider it is apparent that many of these crypto asset schemes were just thinly veiled scams or activities that constituted fraud in the past, just with a new style to them. Even more so when they are heavily endorsed by certain celebrities who use their connection to pump up junk schemes that it might be impossible to get out of once you're in. |
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We all know that gambling existed long time in human history and in several forms and ways. I’m sure old people has another image when they think about gambling the first thing coming on their head is most probably cards, casinos and horse racing since they were more famous than any other game. Now as in this new generation of gambling thinking of it generate an image of slots, betting and live card tables and tou can gamble in your own house without getting in touch with people all you need is your device and access to internet.
My topic today is about a simple question, Do you think gambling in old days is more safe than our days now?
Just 2 months ago in my region unfortunately a guy in my age has been murdered in cold blood only for gambling when the victim managed to win a good amount of money against the owner of an illegal small casino. If these two people where gambling online nothing bad could happen
In the other hand gambling online also have consequences such as getting scammed by the casino as well.
The scenario you described, where someone was murdered due to winning at a physical casino, seems extreme and there will always be these unique situations that likely had much more to the story. The underlying message in that scenario however, is that you must trust the place you're gambling in - whether it is online or in the real world. In both cases if you are gambling with a tiny operation then you are much more likely to get screwed over if you want to redeem a sizable win. That sizable win to a small casino could bankrupt them if they are poor at bankroll management, however it would likely be an insignificant blip in the finances of a larger gambling company. In general, gambling has gotten safer and safer over the years, thanks in many parts to the internet. |
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Known for its instability in price, as it's always prone to volatility, yet this feature won't stop South Korea's second largest metropolis from believing strongly on the power digital currencies hold to solving a major problem, which for them is the issue of their aging population. Busan, South Korea's largest city with a population of over 3,472,000 people according to data gotten from here with people aged above 65yrs taking up 17.5% could have a negative impact on the economy. And data analysis shows that the number of aged citizens is expected to rise to 20.6 by 2025; Pushing the first major city into a super aged population. Busan is seeking to become a crypto hub as this could be a means to entice young minds into the city, ensuring to put in place publicly run exchange for digital assets, luring Blockchain firms and also soliciting investments from venture capital companies. Hong Kong also showed an interest in becoming a crypto hub but so far no development to that effect has taken place. Will Busan focus on crypto or will their interest move to AI instead? It doesn't feel like people over 65 years at 17.5% is an unreasonable or especially high amount, that seems quite normal in fact. Not every city can be some variation of a tech hub and having an older work force makes them less suitable to draw in younger talent. There are likely better ideas out there, but then again they could really push the ability to work from home, so as long as the areas and housing properties are suitable for a young audience then it could draw them in. Low prices, availability, good connectivity and nearby attractions will be the main drivers for this connected audience. Hong Kong doesn't have a chance to be anything now it has returned to Chinese hands and all trust in it as a banking hub has evaporated now the CCCP are in charge. |
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Farmers who have chickens for eggs especially on a large scale, easily get tired of eating the eggs from their chickens or even eggs in general. Caterers get tired of eating their own pastries, just as people who are exposed to certain produce get tired of them due to over exposure. Do you think this experience is the same for casino owners and owners of sports betting platforms?
Do you think that the owners of casinos and sports betting platform, gamble as much as other people do? If they gamble, do you think they gamble on their platform?
It's funny you use chickens as an example because between the actual bird and the egg, there is an incredible range of versatile dishes that you can produce from them. A more apt example might be drug dealers who should not get high on their own supply. Casino owners have already accrued the knowledge that gambling is essentially a losing game for the customer, Vegas was not built from paying out winners. If rich casino owners choose to gamble it is because they know it is simply a fun form of entertainment, for them, as it would make an insignificant dent on their income if they lost a bit of money. They'll wake up the next day and their betting streak will just be an after thought and they are generally unlikely to make a dangerous habit out of it. |
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Food shortages have being a big problems in the global world today where tremedious things are happening people finds it difficult to buy food especially,rice products,climate change has devastated the whole global world where crops can no longer do well in the farming system,believe with this new information about the crypto space can our climate change system be put together where there will be high rate of food shortages in the global world as a new beginner I want to know we can fix this things I mentioned.
It's a thing that many people in richer countries have never had to experience so far and Covid showed that big unexpected shocks to the supply chain can cause many unexpected reactions. Panic buying was very prominent and might possibly be the most dangerous things early on a disaster. There are vast reserves hidden away in warehouses, but if the logistics break down or people buy too much it can turn into a vicious downwards spiral that is harder to exit. How to survive it yourself? Have plenty of tinned and non perishable goods stored up, along with a supply of vitamins and ideally try to grow some of your own vegetables in any garden space - if for no other reason than to learn a few techniques. |
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Many times we are in a situation and we do not not realize the intensity of the problem. One such case is compulsive gambling. In simple words, it means that you are unable to control the urge to get involved with gambling even after understanding the potential harms associated with it.
Here are some signs of compulsive gambling :
1) Gambling related thoughts are always in your mind even when you are working on other activities
2) You keep increasing the gambling related money with each game
3) You try to gamble more in attempt to recover loss
4) Ignoring other important work like job just for gambling
Would you like to add to these signs ? Have you ever found yourself trapped in this situation and how did you get rid of this ?
Much like any sort of compulsive behavior, the original reason and the joy that they give people is often long gone by the time it becomes a problem. Essentially it becomes a habitual act that illogically takes over reason in the brain and people simply do it because that's what they did yesterday. If you keep repeating an activity then your brain starts to hardwire your daily routine around it and other parts of the day can even become an inconvenience like you've described. Generally people go gambling because they have the idea that they can take a short cut to make a lot of money, then they can get trapped by all the enticing behavior and psychology that the casinos have mastered over the years. |
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There are rumors that the US will enter a full-scale war with China once it invades Taiwan in 2025. If we thought the Russo-Ukraine war was coming to an end, then we ain't seen nothing yet. Such a catastrophe within the world's biggest economies (US and China) could lead us to a very dark future where the global economy collapses for good. After all, the US is the biggest economy in the world followed by China. Things will get worse if Russia is still at war with Ukraine by the time this happens. It seems like both China and Russia have ambitions to rule the world, so maybe a "New World Order" is upon us? How deep of an impact will a US-China-Taiwan conflict have over the global economy? Do you think there's still a possibility for economic recovery after the crisis? Will this weaken the US in the long run? Or will it strengthen it? Your input will be greatly appreciated. Thanks.  Let's hope it doesn't come any time soon, especially while Russia is already at war with Ukraine, because all of the extra confusion could really send us spiraling into situations that were never expected. One war between two fairly large countries is bad enough, but if it escalates then there could be all sorts of unintended spillovers and events may get far beyond the abilities of the politicians to control them - even if they do end up starting them. Not to mention it will likely cause a very severe shock to the world economy because so many microchips are created in Taiwan and you can say goodbye to the original supply chains coming out of China with all sorts of electronic goods. Russia's invasion of Ukraine would look tiny in comparison. |
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I visited an uncle in another city. His birth year was 1960. He has been an avid gambler for a long time and frequently visits brick-and-mortar casinos. He currently wants to test out an crypto casino. He has heard a great deal about it. He did, however, note that despite possessing the cash, he has no knowledge of how to use cryptocurrency for gambling but would really like to. I would like to suggest that crypto casinos put a video tutorial explaining how to use cryptocurrencies for gambling on their website.
What other features would you like to see in crypto casinos for senior citizens?
Why add an extra and unnecessary layer of complication by suggesting to use a crypto casino? There are much larger and well established casino's out there which have been running for a long time, which simply require a bank card or other simple payment methods to top up. Crypto casinos don't offer anything particularly new or revolutionary in terms of the games / sports betting on offer. Look for accessibility functions and maybe even check the footer of the site for any extra settings which might help. |
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There is much discussion in both the print and electronic media regarding the probability of global recession as a consequence of ongoing war in Ukraine, but I think unlikely to happen any time soon, even if it does, it is expected to be less severe than recession in 2007, as global GDP is still growing albeit at a slow rate. The real challenges for policy makers are growing debt, climate change and increasing frequency of natural disasters, such as earthquake, hurricanes and floods, which pose significant risk to world economy. These need to be addressed by global community urgently, in order to ensure a stable and thriving economy.
From what I see these days, the fear as you call it is rescinding as inflation starts to come back now and the situation is somewhat normalizing after Putin decided to start the first war in Europe for over 60 years. However there is still a long way to go to mend it and any more chaos could trigger a collapse rather quickly. That's the thing about recessions and corrections, they often jump out of nowhere and usually quite dissimilar to previous ones. However the effects of inflation have yet to be fully realized in certain countries, because in the UK for example there are 2/3/5 year mortgage terms that need renewing at much higher rates when they expire, which could trigger a wave of house selling and push down property prices in future - having a wider knock on effect to the economy. There could be similar situations in other countries which will only play out in the next 2 years. |
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I saw a similar post in the bitcoin discussion board and decided to do the same thing but with gambling. I played around with ChatGPT and asked it to explain what gambling is, like I am a 5 year old, 15 year old, 25 year old, and 50 year old. See the responses below: "Explain gambling to me like I am a 5 year old" Gambling is when you play a game to try to win something, like money or toys. It's a little bit like playing a game of luck, like rolling dice or flipping a coin. If you guess right, you might win something, but if you guess wrong, you might not get anything. Just like in any game, it's important to remember to only play with things you can afford to lose, and never to gamble more than you can afford. Explain gambling to me like I am a 15 year old Gambling is the act of betting or wagering on an event with an uncertain outcome, with the primary intent of winning extra money or material goods. It can take many forms, such as playing the stock market, betting on sports, playing casino games like poker or slot machines, or buying lottery tickets. However, it's important to keep in mind that there is always a risk involved in gambling and it's possible to lose money. Additionally, it's crucial to make sure that you only gamble what you can afford to lose and to never let it become a harmful addiction. Explain gambling to me like I am a 25 year old Gambling refers to the act of betting or wagering on an event or game with an uncertain outcome, usually with the intention of winning additional money or material goods. Gambling activities can range from traditional casino games like blackjack and roulette to sports betting and online games like poker. It's important to understand that gambling always involves some degree of risk, and it's possible to lose money. Additionally, it's important to be responsible and only gamble within one's means, and to never let it negatively impact one's life. It's also crucial to be aware of and understand the laws and regulations surrounding gambling in your jurisdiction. Explain gambling to me like I am a 50 year old Gambling refers to the act of risking money or something of value on an event with an uncertain outcome, with the expectation of winning more money or material goods. It can take many forms, including casino games, sports betting, online gaming, and lotteries. While gambling can be a source of entertainment for some, it's important to understand that it also involves risk and there is a potential for losing money. It's important to be responsible and only gamble within one's means, and to be aware of and understand the laws and regulations surrounding gambling in your jurisdiction. Additionally, it's important to recognize when gambling may become a problem and to seek help if necessary. The main message for me is gamble with what you can afford to lose and seek help if you think it is affecting you negatively. To me it shows that ChatGPT maybe not all it's made out to be, because while the explanation in the words of a 5 year old might get it right, there is less distinguishing between the other ages. A 15 year old might firstly struggle to understand the context as it was described and could take away the wrong impression from it that the stock market is gambling - it definitely is not if done correctly and shows a bad interpretation of the data that this system has ingested from others. I'm not sure there really needs to be much distinction between a 25 and a 50 year old because most people have formed their long term views by the age of 25 and potentially won't change their opinion of basic concepts after that age. |
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Marina bay sans is a resort in Marina Bay, Singapore. It was opened in 2010 and it’s currently the most expensive casino property in the world at $6 Billion. The fabulous resort has 2,561 room hotel, 120,000 square feet of the convention exhibition center, a shopping mall, a museum theater, an infinity pool, and 500 table casino, among others. https://getnoticed.info/2023/02/09/inside-the-biggest-casino-property-in-the-world/This goes a long way to express how serious and exotic the casino business as an industry is, imagine a single casino property that's worth more than the budgets of some countries even three put together. Another insight I feel to bring out of this is the thought that certain gamblers breed within about wanting to make sure they hit a certain huge amount of winnings that possibly could shut down the financial capacity of a particular casino they gamble with. The reality is that such a target will only take much more from you than you least knew so necessary you play with an open mindset of just winning any amount that comes your way and be satisfied. It is a gorgeous looking building and certainly good for Singapore's reputation, I didn't actually know it was used for gambling and had a large resort area to go with it. However I think Vegas will always retain a bit of an edge because it has so much variety between different casinos instead of being directed by one company. Macau is meant to be the Asian version of Vegas with a similar setup, but the Chinese can be so unpredictable in their governance it will be unlikely to ever get a solid reputation worldwide as a gambling destination. In some ways it should be easier for the Singapore government to oversee and manage such an operation if most gambling is done in one place, so it's a good idea from that aspect. |
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Farmers who have chickens for eggs especially on a large scale, easily get tired of eating the eggs from their chickens or even eggs in general. Caterers get tired of eating their own pastries, just as people who are exposed to certain produce get tired of them due to over exposure. Do you think this experience is the same for casino owners and owners of sports betting platforms?
Do you think that the owners of casinos and sports betting platform, gamble as much as other people do? If they gamble, do you think they gamble on their platform?
"Don't get high from your own supply". In reality the owners of super successful casinos and sportsbooks are raking in millions, if not tens or hundreds of millions a year, so they already have two things in mind.. 1) that it's absolutely futile to bet against a casino or sportbook because they profit in the long run and 2) it doesn't matter if they gamble small amounts because they are unlikely to pick up an addiction because they have so many other things that make them happy in life. They might participate in gambling, but they have got a super successful site because they are good at managing a business and by extension finances, so they would generally only gamble if they are entertaining a client or for some other business/fun purpose. |
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With gas prices being lower than last year during this period, but with Russia selling just 1/3 of it now, with Urals trading full 33$ down from a year ago to 52$ but with Russia so desperate to sell that it does so even at $38 per barrel, it's obvious what the budget income will look like this year. On top of that add the hundred do thousands of job losses once companies pulled out, a figure that will start to bite around now since a lot of them were generous enough to make a 6 to 12-month payment before firing people, and the hundreds of thousands dead and mutilated in Ukraine and the hundreds of thousands that fled Russia with full pockets, and those were the guys that earned a lot, a real brain drain that will leave its mark for decades. But of course, there will be some that will say Russia is stronk, Russia has resources, Russia this and that but Russia is a shadow of the URSS that had all of those and much more, but still ended in the garbage bin of history! You can't wage an economic war when you're dirt poor and your ally is the one that should tell you a few things about the sanctions that turned the wannabe global power into an economy the size of Denmark but with 50% inflation and unable to feed its population, although it also turned out they are pretty good at killing and hanging their own citizens. The bottom line is that when economics are involved, nationalism and pride are useless, you can lie to yourself whatever you want but this won't change a thing, you can dream of anything you want but this won't do any good either once you wake up, so the right choice is doing something about. And the first step for a population to not fall into this is by not having a dictator in charge, not being a slave terrified of going against the ones that should fear your vote, and stop blaming everyone else for the things you could have avoided. Not all resources on earth and all of humankind's glorious history will be able to offset the disaster a moron can unleash! It's quite comical to see how badly Putin has blown the end of his appalling reign. Up until he decided to push the full blown invasion of Ukraine in 2022 he looked somewhat like an evil genius - running successful online manipulation campaigns, poisoning people who were against him with impunity and using oil & gas to blackmail European governments to let him get away with things. However he has thrown every single advantage away and murdered hundreds of thousands of people for no benefit to Russia, in fact it has made Russian extremely weak and shown their army to be an absolute farce - even if they turned things around now they have thrown away so much equipment and shown their tactics are so pathetically weak it would never be worth the shame he has brought to his country. |
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I want to ask a question. And I need serious answer from this forum, and my question is WHY DOES A GAMBLER DON'T HAVE A SAVINGS.
In my country (Nigeria) there are many gamblers who don't have savings and it isn't help matters at all. Most of these gamblers can't afford for there families but they can afford money they will use to gamble. So why are they not having savings that they can use to help there families in time of lack. Like they said, we save money so money can save us tomorrow. But these gamblers doesn't know that.
A gambler can have savings, a gambling addict likely will not have savings. You can place the occasional bet, knowing that it is only a small proportion of your net worth and decide that win or lose it will not impact on your desire to place any more bets. Someone that is bad with money management and has picked up gambling as one of their habits, will likely be using gambling in desperation, hoping that they will turn one dollar into a million, but the odds are so against you it is just wasting money. Generally they will not understand the sheer mathematical probabilities that are against them and may hold on to false hopes, like thinking that one bet is attached to another, when they are totally separate, and the house doesn't "owe" you any kind of win for a streak of bad luck. |
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Many of the comments are equally interesting. They apply the idea to all kinds of things including the game Resident Evil. And then I thought perhaps this is also true in the economic aspect of life. Perhaps this aptly applies to those whose economic lives are like the desert and whose little money they have they keep tightly for the hardest of days.
When I was studying in the university far from family and relatives or even family friends, I had a difficult time. Money is extremely scarce. Early mornings are usually for hot drinks-- coffee, chocolate, milk, tea, or whatever. I realized that what made those drinks important is that they are hot. So I learned to drink only a hot cup of water which I could easily ask for free from the eatery in front of where I stayed.
Come meal time, I would also request that the serving be made in half. That's to save money. But I had the money. I always made sure I have some. Emergencies and unforeseen expenses may arise anytime. So I need to have money all the time, but I won't touch it. Ironically, it also gave me hunger, inconvenience, discomfort at times.
My story is rather uninteresting, but let me know yours. Does this idea also apply to you? You could have the money to buy a new car to replace your old and broken one but you prefer not to touch it. Do you hold yourself from spending what you have to the point of depriving yourself of what you deserve? Do you keep significant savings for occasions that might only happen in your imagination? Or at what point would you allow yourself to be drained of your last penny?
Not sure how true that story is and might be a bit of a myth to try to prove a point. Some of the stuff you say is a bit silly and being too frugal can bring a lot of misery in life, you need to really enjoy the little things. Hot water without any flavoring is completely different to things like hot chocolate or coffee. Depriving yourself of an adequate food portion can be equally dumb as having energy in your body can help you be much more productive in the long run, it is the fuel for your brain and muscles after all. Having an emergency fund of money is definitely useful and you should not touch it, but it can be stored in various forms - instead of putting it into a company that might return 6% in yield you might settle for a bank account paying out 2% in each to make a little bit of profit from your safety net. |
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