Education is not the only key to success anymore, then we all be believe that, if we don't go to school, we can't make it, the country is something else, we should find all means to be a successful person in life, education is good, but we have to find all means to make it, country which a graduate is riding bike, someone that spend thousands of naira to go to the school, is now riding bike, imagine,
So is always good to invest in once self, than working under someone, which you won't have time for yourself,
Just an advise
It's hard to call that advice, because it's a bit hard to decipher what you're even trying to say. I assume it is that not everyone learns the same way and some people might be better off avoiding the huge expense of university. It is true, that university is always broadcast as the one and best answer that everyone should be striving to achieve - but it's a bit fake to suggest that. Not everyone is cut out for that hardcore academic life and there is nothing wrong with that. Some people will be content learning on the job and possibly working their way up through the ranks that way. Others will be better off with some hands on type training schemes which are run in a school like system. Tying a young person into tens of thousands, maybe even hundreds of thousands worth of debt is taken far too lightly these days. |
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This is one of potentially a series of posts I'll be making for Bitcointalk on the crypto casino industry, how I see things playing out, and where we go from here.
TL;DR - if you want to go up against the king, you should probably be better than them in some way.
Full disclaimer ahead of time: my team and I are in the process of building a crypto casino. Most of us are relatively new entrants to this particular space; our expertise lies in crypto, influencers and sportsbooks which all have aspects of similarity but I fully acknowledge there are some industry specific details that I may be overlooking.
For the past few months, I’ve been keeping a very close eye on crypto casinos. Very rarely will a new platform or feature come out that we didn’t have some idea of ahead of time, and I could probably name every single platform worth knowing and their full feature set with my eyes closed. Through this obsession, it’s become extremely apparent that differentiation is a massive missing piece in the crypto casino puzzle.
To give context as to why this is occurring, this is an industry where taking risks can be difficult. A lot of people will comment on regulation within the space, but there are still frameworks that need to be abided by - these frameworks affect what products you can offer, who you can offer to, and various details around accepting funds. As well as that, a lot of the times you really don’t need to differentiate to produce decent revenue. Gamdom and Duelbits are good examples of this. It’s hard to point to any degree of actual differentiation, yet they’re still making a considerable amount of money (from what we’ve observed).
To some degree, benefit of the doubt can be awarded to a few competitors who are trying various things but retain similarity to Stake. Rollbit seem like they’re trying to pivot more to short-dated, highly leveraged crypto derivatives, and their NFT jackpot and Rollbot schemes are interesting at the very least. BC.Game do a lot, they’re targeting a very specific audience and seem to be doing very well at that.
In saying that, some things cannot be excused. An easy example is Punt.com - I’m not going to rip into them too hard, but calling that anything other than a carbon copy of Stake is insane. Punt has claimed to have guidance from their ‘close friend’ Eddie at Stake, but to some extent I doubt the validity of that. Another example is Slotella; all you need to do is look at their logo.
Stake does a lot of things well, and they’re not the biggest in the market for no reason. Making ‘provably fair’ the standard for house games, the design of their gamecards (props to whoever came up with that Stunna), a simple but thoughtful interface. Stake have built a very good basis for inspiration that I can’t fault people for modelling their own sites off - however if it’s anything but inspiration, there’s really not a tonne of respect you can give.
At the end of the day, real competition is good for the space. Whilst it might be hard to imagine for those of you who have been gambling and posting here since 2016 or earlier, we are still extremely early in terms of the evolution of this industry. Exciting things are happening within tech, crypto and the internet as a whole, and it seems like that hasn't fully converted to gambling just yet - a big reason is due to the lack of actual competition. Competition forces companies to either change or risk being left behind. Those that build, keep up and grow; those that copy slowly die out. We'll soon see which is which.
2023 is the year of S______.com.
They do say that imitation is the best form of flattery, but in reality casinos are a financial business and where there is a lot of money at stake then a working business model will get copied because it will be profitable. Relatively few people have the monetary resources and connections required to launch a casino, it is fraught with all sorts of hidden risks as well - so it's understandable that few new ones last the long term. You need deep pockets to make it through the setup stage and then hope to continuously grow with different forms of advertising. Security is also going to be a huge cost, both maintaining the integrity of your scripts and also keeping attackers at bay who will happily DDOS you all day to seek a ransom. |
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A recent research by the Britsh Post Office unveiled that 71% of Brits planning on going on vacation in the UK this year intends to take out cash before leaving. There have been high increase in cash deposit and withdrawals in Britain. People are going back to cash because they believe that it keeps tighter control on their spending as living costs soar.
It is believed that cash helps people budget, as using it means you literally can count the pennies. Paying with a card or crypto currency make spending easy and convenient that sometimes one tends to overspend. Sometimes one might not even know the balance of his account but with cash you are always aware of how much you have.
What do you think?
You really need to separate out the two things here, as they relate to vastly different things. People take cash out in advance of a holiday because they get a fixed and reliable exchange rate. If people don't take cash then they have to rely on whatever exchange rate the card network or intermediary banks make up, which can be vastly more expensive - this has nothing to do with day to day budgeting. That being said, the second part of your comment does seem to be happening more often and has made appearances in the news lately. Some people seem to be able to budget more confidently with cash notes than being able to do it electronically, to me it doesn't make much sense or make it any more convenient, but if it works for you then go for it. |
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I know that many bettors, if a sporting event develops in favor of their bet, make a counter bet - for example, they bet on odds of 1.3 and on the opposite event, the odds were 3.3. Then the odds changed 1.3 -> 1.1 and 3.3 -> 5.7. At this moment, they "fix" their winnings by betting on the opposite outcome with odds of 5.7. Or they use the option of selling their bet (cashout - some bookmakers have such an option), that is, they receive their winnings immediately, but less than if they wait until the end of the sporting event.
In my opinion, this is not a profitable strategy, since in this way you minimize your profit, but potentially maximize your losses - if a sporting event develops against your bet, then you lose it entirely without any compensation.
Generally it is probably a bad idea to cash out your bet, because you're going to face one of two scenarios: Either the bookmaker is willing to cash you out with what is now a losing bet at pennies on the dollar (you may as well not bother, see it through to the end and write off the loss instead of getting maybe 5% back) or the bookmaker is trying to get you to cash out of a winning bet, but still offering a much lower return than you might expect to make. It can really depend on the situation, some people might be comfortable taking a win if you are say.. a corner or a yellow card away from losing. Alternatively if you bet on goals to be below 3 and it's 2 minutes left to play with zero goals in the match - you'd be almost guaranteed to win that bet regardless, so cashing out is a bad idea. There are simply two many variables to give a definitive answer, just build up your own judgement through experience. |
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Nigeria is located in the western part of Africa with a population of more than 216 million in August 2022. Nigeria is the most populous nation in Africa and is frequently referred to as the "giant of Africa" with abundant mineral riches. In the middle of all of this, Nigeria has been called one of the most corrupt nations in Africa.
Corruption has to do with the misuse of public funds or fraudulent behavior by individuals in positions of authority. After a BBC Africa Eye investigation, the pension board in Cross River state, in the country's south-south area, was publicly uncovered in early 2022. In order to transfer funds to themselves and support their luxurious lifestyles, the authorities withheld retired workers' pensions and declared them deceased. Even after spending many years in retirement, those who can access their money still need to pay bribes to do so. The majority of these retirees are aged and have been borrowing money for survival. Many of them are even unable to pay for adequate healthcare for themselves. These does not only happen in Cross River state but it has become a tradition in all part of Nigeria.
Nigeria has frequently been listed as one of the most corrupt nations in the world. According to statistics, Nigeria commits 117 million bribes annually, or 1.1 bribes for every adult. Despite having a skilled labor population and a wealth of mineral resources, Nigeria's economic development is unfortunately being threatened by corruption. Most young people want to leave the country in pursuit of a place with greener pastures and independence from the government.
The image above speaks much about the decades-long poor infrastructural development in Nigeria. Onitsha is a city in southeastern state-Anambra State, Nigeria. Due to the country's low economic growth, which is a result of corruption, this road has only become worse and hasn't changed. In many parts of the nation, little has changed in recent years.
Major Causes of Corruption In Nigeria:
1. Greed
2. Poverty
3. Acceptance of corruption by the populace
4. Weak government institutions
5. Poor Education, illiteracy.
6. Ostentatious lifestyle
7. Customs
8. Lack of freedom of press
9. Lack of selflessness and patriotism
10. Another causes of corruption in Nigeria is tribalism etc.
The corruption perception index for Nigeria is shown in the photos above. Nigeria has consistently ranked 20–30 on the list of the world's most corrupt countries.
Not only Nigeria is affected by corruption but other countries beyond African continent are also facing corruption. Top most corrupt countries in the world according to Corruption Perception Index (CPI):
The countries most impacted by this corruption epidemic are those in Africa. In conclusion, it can be said that corruption is an international problem that requires a team effort to solve. It is necessary to regulate corruption for economic sustainability because its effects have been so catastrophic in many regions of the world. Strong anti-corruption organizations and a real commitment to transparency in both the public and commercial sectors are required to combat corruption worldwide.
Corruption is a bit like a virus, it can spread throughout, be very hard to detect and even harder to eliminate. It takes radical overhauls to change and create more transparent systems, but you will also be fighting against the ingrained interests who have a lot of money and power to try to prevent any changes to systems that benefit them. Politicians are also sadly playing the short game, where they can often only think four or five years ahead, while the systems you are trying to change have evolved over generations. When there is a lot of poverty, as you state, then democracy can be bought for very cheap and this undermines the whole system - it's definitely a catch-22 system. |
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So I was surfing the gamblingnews.com website to get the latest information in the gambling world. I found this interesting story which I kept pondering on to understand whether this is the extreme or a new dimension of gambling addiction or not. I am tempted to think that it is because the gang according to the news, targets only businesses that have video poker and video gaming machines. And so far they have stolen a total of $400K from gambling machines. The logic behind my conclusion is that, if people who are addicted to gambling would do anything at all costs to win money and for this group they have gone the extreme of breaking and stealing the monies in these gaming machines. This behaviour should be on the far end of the continuum of gambling addiction. Below is the story1.
Having read the story do you think that this could be the extreme or a new dimension of gambling addiction?
You seem to have gambling addiction and pure criminal activity mixed up. These are simply thieves, who determined that gambling machines generated a lot of money and were a worthy target for stealing. They had no interest in playing the games on those machines and may never have played on a gambling machine in their whole lives, they were purely drive by taking the money that was inside them. People who are addicted to gambling can often be so focused on finding money for a particular game that they might use illegal methods to get more money, but in every other aspect of their life they might have relative control. That being said, low level gamblers like people who get hooked on slot machines, often struggle with basic finance and sums. |
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https://www.bloomberg.com/opinion/articles/2022-03-22/ethiopia-s-war-toll-grows-as-the-world-looks-away"Though the war’s true toll is impossible to know, researchers from Belgium’s Ghent University estimate as many as half a million people have died so far: between 50,000 and 100,000 from the fighting, 150,000 to 200,000 from starvation and more than 100,000 from the lack of medical attention. U.S. Secretary of State Antony Blinken has expressed concern about possible ethnic cleansing in Tigray, but the government in Addis Ababa has dismissed this as “spurious.”" In this country, the interests of 2 countries China and the United States clashed. China was friends with the current government, and the US supported Nobel Peace Prize winner Abiy Ahmed, whose actions led to a civil war with heavy losses. If you do not want democracy, then you will have a war in your country .. how many times will this story be repeated? It is tragic that these sort of wars take place with little coverage in comparison to say, Russia's war against Ukraine in Europe. However the media plays a role and if the government of Ethiopia make it difficult for journalists to report in an unbiased way, then naturally fewer stories will get out of the region. Let's just be clear though, China is friends with no one - it exists only to advance it's own benefit and every economic project has been extended only in the most expensive and self serving way possible. If China lends you money, they charge you 10% and insist on importing Chinese labor to complete the project. At least when countries like the US assist they charge much lower rates and at least generate plenty of work for locals. It seems like you have it backwards anyway, any normal person would want freedom and democracy, China's authoritarian style of government is happy to support any level of terror or dictators without any qualms. |
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I guess it's the trend because it's the World Cup season, plus crash games are having that graphic evolution of advancing from the classic crash to having variants in exclusive editions like these dedicated to soccer. Undoubtedly there may be more but if you know any that do not name here please let us know where they try to score goals, I say multipliers. The first two that I am going to mention, have the basic graphics but with the incursion of the likeness of a footballer. name:Football Edition CrashX and Sporttsbet.io Crash-XYou can get these Crash at Sportsbet and Livecasino, surely they will be at other casinos? I don't know, but I found them only in the mentioned casinos. The RTP is 95% and the provider is TurboGames.
Found 3 games that are presented quite differently in their approach.  Let's start from the most traditional to the most radical in its presentation based on what the traditional crash game is. name:Footboll ManagerIt is the classic graphic but it incorporates a statistic that is added to a certain player, it is also explicit in its rules in pointing out that the maximum multiplier is 1000x, the House edge is 2%. Provider is Evoplay name:Penalty ManagerProvider Evoplay this game presents the option to choose a national selection and then you simply have to mark where your shot will go. name:PenallityIt is presented with the most options and variants but in a certain way very similar to the previous one. All the mentioned games you can check Provably Fair.
The first two are recent releases, but the previous ones are dated 2020 at least one of them.
Sources: Livecasino, sportsbet, Crashino. I honestly wonder who finds these sort of games entertaining, but there is clearly a big crowd out there for them to keep producing them with different graphics and sound effects. Then again, it's a bit like the endless versions of slots out there, which all have an underlying theme but with gimmicky extras that give the player the illusion of control or value for money. It's nice that they run on a provably fair system, which is possibly the only advantage you get from these in comparison to many blackbox systems that you see on fiat currency gambling websites. I guess some people are fooled by adding in extra interactive elements or simply that bored that things like "taking a shot" in a gambling game are enough to spice up their session. |
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All around the different regions/parts of the world, they have the same issue that's causing mass protests. It's HIGH INFLATION, HIGH FUEL PRICES, HIGH FOOD PRICES, HIGH COSTS OF LIVING, AND LOW MINIMUM WAGE.
That's what happens if a non-elected cabal is made to have control over the money supply. Look at this list. Start researching about your country's central bank policies, read the news, and know if your country is about to have, or is currently having high inflation. Because your country could be next for a mass protest.
This is just the beginning and we are far from the peak right now, it's going to get a lot tougher in every country - we'll miss the relatively calm, stable and good times we've been living in the past decade. Unfortunately Covid sent a lot of logistics chains out of whack, it was starting to look brighter as much countries came out of the pandemic 2 years later with a bit of a buffer built up for some people. Now the war that Russia started against Ukraine has caused all sorts of new difficulties. The saddest part of it all is how unnecessary it all is, Ukraine was moving towards a more free and democratic society, but Putin was offended that one of his cronies was ousted and decided to murder hundreds of thousands of people because of it. |
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I recently won a free spin bonus on Livecasion.io, the signature campaign that I am in. Though I have been offered a type of bonus(welcome bonus) some time ago, I was excited about this particular bonus for two reasons. First, it was my first time getting a free spin bonus. And secondly, because I won a fair amount of money from the spin.
For every gambling beginner, here is a list of the common types of bonuses online casinos offer.
You have added a lot of great information here and it's nice to see these sort of quality contributions to the forum. I've noticed a couple that might be missing and could be worth adding for users to take maximum advantage. There are "extra place" type bonuses on offer at many sites, at least in my country, and it all revolves around horse racing betting. Usually they'll do an "each way" bet on a horse race, which you pay for upfront and it pays out proportionally based on if the horse comes first or if it reaches the top 2 or even 3 places. I quite often see offers at sportbooks which stretch those places up until 4 or even 5 - which can potentially be a good earner if you play the odds correctly. There are also things like "Epic Odds" which give you extra special deals on certain bets and if you are selective they can basically be free money. |
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"The market crash has not deterred Bitcoin Depot from going public, CEO said". sourceThis news may not directly be in connection to btc but still some how related since btc atm are there to serve the btc community to easy transaction of their asset. While these sort of deals create big headlines and can generate some buzz around Bitcoin which is good for people who hold it, in reality I never understand the sort of people who fund these things. We've seen coinbase shares plummet in value since they listed, which actually surprised me, but it appears that there is still a pool of silly money floating around that are willing to invest large sums in these big gambles. In the long term it is a relatively unproven operation even if it can prove a couple years with large profits, they are potentially historical now and it might struggle to repeat them with the latest price drops. While I don't care much for the institutional investors, any small scale buyers should be very wary of thinking they'll profit from buying into this company early - often it's just a case of the original owners wanting to cash out and get out. |
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Fair, just, open and transparent (The block hash value is the DNA of a piece of data, each block hash value is unique, random, unbreakable, unforgeable, automatic identification of betting rewards, records cannot be tampered with, prize pool funds, betting reward waves Field TRON public chain can be checked) Safe, Simple, Reputable, Efficient ➡️Complete anonymity, no information left, working capital visible URL: https://bghash.com/FVIPUS4WII6 items, high odds, diversified entertainment Lucky Zhuang Xian Hash Niu Niu Lucky Numbers Hash PK10 Lucky Hash Hash PC10 and many other ways to play After winning the prize, USDT or TRX will be automatically returned to your wallet! The money is automatically returned to your wallet and won't exist if you win and get stuck on the platform! This is the fairest and fairest way to play online entertainment! ⬇️ First time player to BG-Hash Entertainment⬇️ (The first five lose the package and compensate) (Introduce new users, betting turnover of more than 5000. 68U head red envelopes.) BG International is at your service 24 hours a day! If there is anything you don't understand and how to play, you can come to consult! Welcome to join the agency! telegramCustomer service: @haj888 You could have given a better explanation about so much. Why does the link you are using have random characters at the end? Are you the official owner or are you just somebody trying to sign up referrals via that link? Your advertising spiel is full of buzzwords but you are brand new here so that instills little faith in this website being reliable, all sorts of scammers come and go from here because they have no reputation to uphold, what makes you somebody trust worthy. None of those games look particularly intriguing and people would be much better off sticking with one of the longer established sites than trusting such a random site with their money. |
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Flexible pricing in business is a strategy for a product's final price negotiation. In other words, customers and sellers can get together and try to discuss prices, to either lower it or push it up from an original price. This also applies to the price of services too.
The potential of a more efficient marketplace is realizable seeing that buyers can more easily find prices of goods or services for which they are willing and able to afford.
What are some pricing tactics one can employ to hold or build market share during a recession?
This seems like a bit of a bizarre question, are you asking from the point of view of a consumer or are you asking from the point of view of a business? If you are a consumer, then you are likely to find much greater bargains in the middle of a recession when it comes to high cost items like furniture or cars, so if you have savings in a secure place and can delay those sorts of purchases, now might be a good time to hold on to cash considering all the recession indicators flashing. As a business, you might just be struggling to stay afloat during a recession and only the super big companies or those in recession proof industries will be able to try to claw back some market share - for many the main strategy will be just to cut costs as much as possible and just survive. |
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Hello,
Since I started betting on Stake I have rarely been disappointed, they have very good promotions, good odds, etc...
But recently, I cannot place a single bet, my stake is almost always rejected (too high). The support told me that unfortunately they cannot do much about it as it is the odd provider that fix limits for an event and for each user. Even on big events just like premier league games I cannot bet with a stake more than 0.2 mBtc (when it is possible).
I had a similar situation with sportsbet.io (odds automatically lowered for my account, banned from some promotions) and they haven't gone backwards since (more than 8 months).
Has anyone been in this situation and was able to recover afterwards normal betting configuration?
If my situation is never going to be reviewed, I might as well get my funds back right away.
Clearly you must be doing something right in terms of the bets you are making for them to take this approach to your account. Do you ever track the profitability of your betting? I am guessing you must be well into positive territory if two sites are restricting your account in this way, although I doubt it takes much for them to trigger this sort of limitation. Anyone who has been watching the betting scene for a while would know that this is a regular and expected occurrence. You just have to suck it up and move on to the next most reputable bookmaker with decent odds who will accept your bet. Unfortunately the smaller sites you end up on will likely have worse and worse odds, making squeezing a profit even harder. |
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We live in a world which glamorizes and praises people who reach at working positions considered top tier, consequently bringing high status and guaranting large financial returns. At school, on the media, during friendly or familiar discussions and everywhere else that is the ideal concept of success for our society, as common sense.
But what is the price to be paid to reach in such positions? i don't talk about the effort of educating yourself to be qualified to reach a position like that. Even because there are many educated and smart people who aren't at key positions on their local societies. Quite the opposite, they live on the edges of society, despite the fact they are educationally qualified and decent people.
It came to my mind that a possibility could be that it's not important how literate, rightful, honest, prepared you are, rather the important is if you are able to sacrifice your own morale principles, beliefs in order to follow and fulfill the orders, desires and interests of others who can potentially boost your career upside, or simply to avoid having them as enemies, rivals who could sabotage you somehow.
Some movies and stories show us that, illustrating the idea as people had to sell their souls to the devil in order to be rewarded with wealth, power and reputation in life.
Does art imitate life, or does life imitate art?
Isn't the root of the economical issues we face world wide the fact wrong people are at the right places? Because once you have unscrupulous individuals calling the shorts in the world, you can expect there is going to be a lot of injustice, inequality, power abuse, greed, false promises, distrust, and many other factors which eventually lead to economical disbalance, being impossible to create a propitious environment for its healthy development.
You stage the question as if it's one or the other, when there is a whole range of scenarios in between. Some people maintain the highest standards all throughout their life and career, others start off with a certain set of standards but then drop those as they try to play the career game and some were put into positions of power never having earned it but having the right connections or being manipulative enough to engineer it. For those except the super rich there is definitely a degree of getting along and having a face that fits in order to progress, you have to be strategic about your interactions in a company for all sorts of reasons but intelligence will always shine through in the long run. Even then, if you reach the top it can be possible to alter some of the bad behavior you saw on the way up, so never write somebody off because change is possible. |
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I am becoming increasing concerned with the extent some employees with gambling addiction go to satisfy their addiction. That is, some of these employees go as far as defrauding, and stealing from their employers and go ahead to gamble with the money. Some time ago, a close buddy of mine narrated how he caught his colleague adjusting the sales records after removing some cash. After he confronted him, the colleague confessed that he usually use the money for betting. Below are several similar cases. A gambling addict from the United Kingdom stole his company’s money to wager on cryptocurrencies. However, his employers eventually learned of his schemes.Mahmood Stole over $33,000 Siraj Mahmood used to work at a JD Sports retail in Manchester. His job was to help unsatisfied customers who had issues with the company’s products or wanted a refund. It seems that Mahmood’s salary wasn’t sufficient to cover his gambling expenses, causing him to instead steal from the company. Swindling company money would cost you jail time – that was the message Deputy Circuit Judge Neil Bidder QC sent out when he sentenced a financial director who stole over £800,000 to satisfy gambling addiction. Lauren Farr, 34, of Spring Grove, Cwmbran, Monmouthshire, was sentenced to 32 months in prison after admitting to defrauding company We Fight Any Claim out of £825,751.60 between March 2016 and October 2019, while working at the firm as a senior executive. The mother-of-two who had started at the company as a junior admin and worked her way up to the earning £70,000 per year financial director position, gambled around £1.5 million online, through operators such as Paddy Power and Betfred, police financial investigators who looked into her finances uncovered. A nefarious gambling addict by the name of Brian James Wilson scammed an elderly man and took all of his savings. He lied that he was about to invest the money in groundbreaking projects but, in fact, used it to fuel his gambling addiction. Wilson Took Almost $2M from His Victim Wilson first met his victim in 2018. Back then, the 82-year-old man was selling his mortgage-free Mount Martha home for $1.6 million. Once the sale was complete, Wilson helped the man move to a retirement village. A few months later, the scam began. I'd like to know your thoughts - Do you think that employers should screen potential employees for problem gambling before employment?It's extremely dependent on the job type on whether they should have access to this sort of sensitive information or require a declaration from the employee. In certain scenarios like finance it can be important to weed out people who have these sort of problems, because they could potentially have access to vast sums of money and if they cannot control their own finances, they should not be allowed access to many other peoples. There are other jobs as well, like working for the security services in sensitive roles, that could make someone vulnerable to foreign powers if they are known to have a gambling addiction. This sort of vetting is usually declared up front and like with finance roles is required by law or insurance necessity, so if someone is not comfortable with it then they simply have to find a position that does not do such checks. |
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What is asset? What is liability? Assets are the items you owns that can provide future economic benefit while liabilities are things we own with future obligations. In a simple definition, assets are things we buy that will bring money back to us while liabilities are things we buy that we will keep spending money on. Assets put money in your pocket while liabilities take money out of your pocket.
Most Africans especially Nigerians prefer liability to asset. In the journey of becoming a successful being, it is advisable to acquire more assets than liabilities. The questions here is where does 70%- 80% of your income goes? Asset or liability?
Imagine someone that can hardly feed himself twice daily buying an expensive phones and cars without a specific purpose (just for fashion). This is the different between the rich and the poor. The rich invest in what can fetch them more money (asset) e.g buying land, investing in reputable businesses but the poor out of fashion keep buying liabilities (goods that they keep on spending their little earnings on for maintenance). If 70%- 80% of your income goes to liability then one is preparing for a poor life.
I'm not saying buying expensive phones and cars isn't good but shouldn't be priority over ones investment. Phones and cars maintenance in some countries are expensive. So this may prevent one from saving if one acquire it without a good job.
Conclusion
👉👉Let 70%- 80% of your income goes to asset. It is better to invest ones money on asset than getting liabilities that will bring no income.
👉👉Only acquire liability if the liability will add value to you, your business or improve the income made in your business.
👉👉Only acquire liability after gotten a good investment that is capable of providing enough returns for your home and the liability purchased maintenances.
It seems you are a little confused or trying to make these financial matters far more complicated than they need to be. In simple terms, for most people around the world, the only good form of debt is possibly buying a house - which tends to have a low interest rate and in most areas goes up in value over the term of the loan above the rate that is paid. There are certain scenarios that might spur people to borrow money and it may be a necessity, like buying a car because you have to travel longer distances which might be the most economical way to do so. Generally though there are a lot of frivolous purchases made which should be scrutinized and avoided if possible, along with wasting too much money on vices like drugs or alcohol. |
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Quick question, on your first visit to a casino to play slots, you were offered a bonus reward as incentive for visiting, if you are given the option to either receive your rewards in form of free spins for you to try out your luck and maybe win more, or direct cash reward, which will you choose?
It's very unlikely that a casino will give you a direct cash reward, at least unless it's in coupon form or loaded on to a card that requires a "play through" amount to be redeemed first. In reality a new casino would love to see you get hooked and the vast majority of these free promotions are hoping to get you hooked before the money runs out. The sensible few will be the ones who capitalize on the money, potentially free drink(s) and walk out the casino with some money in their pocket. The losers are the ones who, when the freebie runs out, will start loading up their own cash and lose track of how much they have fed back in. They do make a great hook, say a group of friends walks in - some might win, others might lose more than they should and on balance the casino had the chance to empty someones bank account if they lost control. |
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Merchant Machine analysts conducted a study among 50 countries and identified the top 10 among them, leading in the use of cryptocurrencies.
Ukraine was in second place, the United States naturally in first place:
The study included 6 items, including the number of crypto owners, the percentage of the total population of the country, the DeFi index, the number of cryptomats, how many different enterprises have added bitcoin as a means of payment, and the volume of search queries on the Internet.
Also in the same study is a table with an increase in the number of people owning cryptocurrency. The top 10 includes mainly countries in Africa and South America.
That's definitely some interesting data and nice to see this sort of detail occasionally. It generally trends with the most digitally advanced countries, it's surprising to see Russia in there because I think it is somewhat of a grey area defined by their government, notably absent is also China who probably has a lot of wallet holders who keep everything super quiet because the repercussions can be very serious. Lots of representation from Asian and African countries, another surprising standout is Columbia - I guess their internet infrastructure is well enough advanced and people are choosing to hold this currency instead of money in the local banking system. |
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Gambling is part of Chinese culture. It is seen as the right way to test luck, especially on holidays like Chinese New Year, as well as to get rid of bad luck. link-I was quite surprised when I read this article for the first time because they gamble not for money or pleasure but because of the culture to test luck. this does sound funny but what do you do if it turns out that your culture requires you to play gambling?
slightly diverting from the topic above, I'm interested in Mark Griffiths' research; Mark Griffiths, a psychologist at Nottingham Trent University who specializes in addictive behavior says that gamblers have a lot of motivation for their habit.
In a survey of 5,500 gamblers, the prospect of “winning big money” was the strongest factor. But then followed by "because it's fun" and "because it's fun".
"Even when you lose a gamble, your body still produces adrenaline and endorphins," he says.
“People buy entertainment.”
Not much is known about the design of these machines on player behavior, but, for example, many machines and casinos use red or something similar – which is considered more stimulating.
And interestingly, there are examples of cases where gamblers develop “shadow-skills” as a justification for earning those possible rewards.
Griffiths gave the example of a game engine in the UK which was designed with the adaptive logic in mind that the device would deliver more than the consumer was given over a period of time, and after that the device would return to the normal system.
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You touch on a couple different topics there and possibly intermingle them more than you should. First off, the Chinese attachment to luck or destiny is a bit of a relic that Mao was not able to drive out during all the spiritual/religious purges in the past, which the CCCP somewhat tries to continue today. It is the idea that if you win, you deserve to win, rather than it just being mathematical odds playing out. It's also pervasive in other parts of their society and not necessarily a positive societal crutch they rely on. Secondly, there are some people who genuinely figure out how to maximize returns from certain live "slot" or arcade type machines, but they need to be in highly trafficked areas for that sort of strategy to be successful. |
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