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401  Economy / Gambling discussion / Re: Higher and lower risks in gambling is the gamblers choice. on: January 19, 2024, 09:53:20 PM
I don't know if everyone is aware of this that the more risks you takes on your predictions is the more higher the game odds, and this set of gambling demands lower stakes due to the chances to win is extremely high. Strategically, you are trying to safe your funds from some sort of impossible winning because it is obvious that you are daring the game with such high risks.

And the lower risks you takes on your predictions is the smaller the game odds which you may demand higher stakes to secure an appreciative winning. Although there is still no assurance of winning here for winning in gambling is strictly game of luck.

This is all about you either faces your fears and ready to accept what it brings or you withdraws from your fears and minimizes the threats outcomes.


Theoretically the sweet spot would be in the 1.25-1.75 decimal range, as if you look at football matches for example - these can commonly be weighted towards the winning side. On the lower end of that spectrum, the bookmaker has pretty much defined that it will be a win and it would take a large upset to go the opposite way. Towards the higher range can still be likely to win the bet and it still comes with a very nice reward that almost doubles your money. However don't go too high, as you'll often find some very high odds on horse races for example, but that's because there are often some very far outliers who have a very poor history and are likely to under perform against top contenders.
402  Economy / Economics / Re: JP Morgan Chase fights 45 billion hack attempts a day. on: January 19, 2024, 09:38:56 PM
And they spend a good bit on on it too. 15 Billion a year on 62,000 "technologist"
It's always a cat and mouse game but damn..that's absolutely insane and relentless.


https://finance.yahoo.com/news/jpmorgan-chase-fights-off-45-211618309.html

Fiat doesn't feel safe, specially after reading that 😂

It's all about framing and a manipulated narrative. Every single website and port out there is under constant attack from malicious hacking attempts. A hack attempt could be as classified light as accessing an invalid URL or tens of thousands of ports associated to one server, but it doesn't mean that they have the slightest bit of success. The fact that they are able to track some numbers, instead of breeding fear in you, gives me some confidence that their measures are effective - just because there is so many doesn't mean anything. You could also class attempted denial of service attacks, or even supposedly rogue IP's, trying to take up resources as an attack, but they do very little with proper mitigation. This is what every website faces every day and is nothing new.
403  Economy / Gambling discussion / Re: The PCSO Lotto is shrouded in doubt due to the picture of the winner shown on: January 18, 2024, 08:38:01 PM
This picture below with the woman holding a check is the winner of "P43 million lotto 6/42 jackpot prize on Wednesday, Jan. 17.".

That's almost $800k if converted in USD.

As we can see in the picture, it appears to be just an edited version, casting doubt on whether there was a genuine winner or if corrupt officials inside are attempting to claim the victory using that picture as evidence.

What's your thought about that picture, is it real or edicted?

How about in your area? How reputable are your state-sponsored casinos?

Even a blind person could see that is an edited photo, why can't you figure it out? Even basic lotteries have many checks in place to prevent this kind of insider corruption and it's very easy to prevent. I personally don't have a problem with lottery winners covering their faces, but then again they should not be required to be publicly exposed in any form of media if they choose to stay anonymous. It's dumb to change the background however and surely if the lottery has been operating for a long enough time, they should have a room setup with white walls as a setting for such photos. Is it a requirement of entry into this lottery that an entrant must appear in photos if they win?
404  Economy / Economics / Re: The savings problem on: January 18, 2024, 08:08:11 PM
There has been extensive talk about how social security systems around the globe are having issues due to declining birth rates as well as a decline in the quality of employment for younger generations.

But another less often talked about issue is that almost nobody is able to make savings anymore.

Think about it. We all know at least some boomers. Most of them bought a car in their teens, a house in their thirties, went on frequent vacations and still even with all that were saving money beyond just for retirement savings.
Since that time, wage growth had stagnated, house prices have skyrocketed, and the purchasing power of the average salary has been going down.

So aside of the social security bubble potentially bursting in the future, there's also a bigger underlying issue.
Purchasing power has only been getting worse from generation to generation, and thus being able to make any savings is already a distant dream for most. Younger people just keep working more for less, to s point now where mostworking people can't put even a single dollar aside.

Could there be a solution for these issues? Economists have long argued about the strengths and failures of our economic system, but alas it appears as though "trickle down economics" has failed humanity.

So, do you agree that radical changes are needed?

At least in my country about ten years ago the government made a change when it came to pensions and forced every company to pay a percentage, while the employee pays a percentage. It is a very generous scheme that has a mandatory opt in, where you are allowed to opt out if you need but it is a very generous perk. This will take some pressure off the state as new retirees will be less of a burden and have their own non-state pension plans to support them later in life, allowing them to spend a fair bit back into the economy to keep things moving. Ultimately though we seem to have hit a wall where life expectancy has topped out, so if governments are able to keep it balanced with the ever changing demographics, it can still be sustainable.
405  Economy / Gambling discussion / Re: GAMBLING DISORDER on: January 18, 2024, 07:31:04 PM
How can one control the uncontrollable urge to keep gambling despite the toll it takes on once life.

It's getting worse every day. I'm extremely depressed I have thoughts of unaliving myself more often, some times I feel the betting companies manipulate people spiritually to get them addicted where be playing without plans and strategy. Once a bet place get cut, there is this uncomfortable urge to quickly book another one with the plans of recovering the first money lost but it will end up cutting again.

You could consider yourself lucky, even if you don't feel that way, that you have a habitual addiction rather than a chemical addition like drugs or alcohol - which take an actual physical toll throughout the withdrawal process. If you well and truly want to quit, you have to hit rock bottom. You have to lose all faith in what you've been doing up to this point in time and ultimately will have to write off all the money that you've sunk into this activity this far. You were wrong and gambling is just a money pit, that will never turn around to spit back out a profit for you or even allow you to get anywhere near to the break even point. Let the past go and accept that you've lost all that money spent to this point, only then can you start rebuilding. At that point you need to quit entirely and be on the look out for trigger points that pop up in your day to drag you back in.
406  Economy / Economics / Re: Vitalik Buterin's Financial Advice on: January 17, 2024, 09:03:51 PM
Vitalik Buterin Took to Twitter to share Some of His Financial Advice.
quoting a Tweet About Bill Gates and Warren Buffett He Wrote:

Quote
Some actual financial advice:

* Diversification is good.
* Save. Get to the point where you have enough to cover multiple years of expenses. Financial safety is freedom.
* Be boring with most of your portfolio.
* Don't use >2x leverage. Just don't.
Tweet Link: https://twitter.com/VitalikButerin/status/1743991285214527532

What are Your thoughts about his financial advice guys? I like the first and 2nd which I've been doing by myself too.

The first point is critical and maybe advice that some diehard crypto fans should take onboard, because having all your money invested into a single asset is always a terrible idea. If you've got rich off owning it, consider that sheer good luck and fortune, but if you want to stay rich they follow the old adage of buy low and sell high. Cash out some of your money that you've quadrupled in a short period of time and invest it in something else. You never know what is around the corner, but having your money spread around in property, stocks, even precious metals or other collectibles is very wise. It's all about reducing your exposure to risk, as we've already seen things like crypto go into reverse many times.
407  Economy / Gambling discussion / Re: Gambling can be a hope restorer if we go about it wisely! on: January 17, 2024, 08:37:50 PM
As a responsible gambler it gladdens my heart always whenever I hear a fellow gambler testify of how he won a bulky amount of money from be it a bet or lotto and uses that money to inject into something meaningful for himself.

It all happened on my way home just this evening. I boarded a public bus and just in front of me were seated two young men too in their late thirty's having a conversation and from the conversation it sound like they haven't met for a long time and one was telling the other of how he had won a big amount of money from a lotto he played and he has used the money to get himself a new bus for public transportation business.

According to him, he once had a bus before which he was using for the transport business (carrying of passengers) but was seized and confiscated by the authority for he used it in conveying contraband goods of which he was hired to carry to some location by the goods owner on the way law enforcement agents stop them did a search and that was how he lost that vehicle.

So winning that money he quickly went ahead to get a new bus to continue his public transport business. From his voice he seems like one whose lost hope has been restored by that single win. Gambling can be a life saver too for it's not as bad as non-gamblers portrays it. To all gamblers' when you get lucky make good use of your gambling win do not chase for double portion.

Honestly these fairytale stories that constantly seem to pop up on the forum are a bit ridiculous and barely comprehensible or logical half the time. You know contraband usually refers to illicit goods, right? As in he was breaking the law and that's why he got a vehicle seized, so is hardly in need of sympathy. How does he jump from running a public transportation business, which would suggest he is carrying passengers, and end up transporting goods instead? How long before he tries to take another shortcut because of greed? It sounds like an incredibly wasteful way to operate. However it sounds completely dreamed up anyway, not least because most gamblers stick their money back in the game rather than getting substantially lucky and cashing out.
408  Economy / Economics / Re: Useful side hustles to sponsor a BTC investment dream. on: January 17, 2024, 08:30:19 PM

This is a new year and in this community, it is our duty to share useful information and tips that is of benefits to community members who may need such information so as to earn a good passive income to achieve their Bitcoin investment dreams and of course their life dreams too.
I only compiled just four of some passive income skills or hustle that Bitcoin enthusiast or traders may need to assist them in owning BTC and may turn it into a career if done well.

1. Digital Marketing is guaranteed to earn at least $500+/day.
2. Job as a Virtual Assistant may earn one $150/day from these sites; fiverr.com, upwork.com.
3. Reviewing Songs is also expected to earn on an average, $200/day.
4. Watching Ads is one I find quite fascinating, but it is sure to earn one $100/day.

There are also others I may not know. Please do feel free to add up some side hustle ideas you know that could be very useful in this new year, mostly as the halving is expected and the dream of still owning some BTC investments haunts many of us.


Nothing is "guaranteed to earn at least $500+/day" as a "side hustle" and that's some of the stupidest stuff you could post and picked out of thin air. Especially as I doubt you have earned these sums in these fields either. If it was, then everyone would flock to it and the supply would be flooded, dropping it to $5 or less. You seem to forget that while $500 per day is nice for someone in developed country, it is the equivalent of being a millionaire in some developing countries and they will compete with you 24 hours a day to take any business out there. None of the stuff you say holds true, unless you spend many years carving out a niche and even then, in the hyper competitive online market somebody is always ready to step in and undercut your pricing model. It's possible to hustle but you will not stumble into these amounts easily.
409  Economy / Gambling discussion / Re: Know when to stop on: January 16, 2024, 09:07:56 PM
One of the most important factor of a successful gambler is to know when to stop, most gamblers expecially the addictive type don't even know what is stop when it comes to gambling. So it's very important to;
* Stop when your losing is now getting to you.

* Stop when you are now feeling as is you can't do without gambling.

* Stop when you have a big winning, by channeling the money somewhere else so you won't lose it back to gambling.

* Stop when you are not even winning at all, it's not your thing.

* When your losing is weighing you down, stop and restrategize .

The length of the gap is almost as important as knowing when you have to stop. Some people will trick themselves and think that walking away for half an hour while they go make a drink is enough to decompress. In reality, after most of these events you should probably leave it alone for 24 hours, or at the very least get some decent sleep before you get back to it. That's one thing that is a sure sign that you're stuck in deep, when it comes to the forefront of everything you do, instead of knowing that you need to go to the shop to buy some groceries, the only thing you want to do all day is carry on playing these games. However that is a hardcore addiction, which starts out when you start ignoring these basic warning signs.
410  Economy / Economics / Re: Crypto investment vs real estate investment : Which one more dependable? on: January 16, 2024, 08:42:32 PM
Crypto investment vs real estate investment : Which one more dependable in the future
Though have been in the crypto space for quite some time now, I knew little about crypto. A friend of mine just introduced me to real estate investment.
Which one should I go for with a capital less than $2500?

A friend of yours just introduced you to real estate investment? Have you been blind to the world around you for your whole life up until this point, as you've been either living in a rental property or somebody has been paying a mortgage to keep a roof over your head. You need to describe where in the world you are, because $2,500 will barely buy you a cardboard box to setup on a sidewalk in San Francisco, but could potentially give you a plot of land and a hut in somewhere like Kenya. You're not realistically going to get very far with $2.5k in most developed countries, it wouldn't even cover the lawyer fees and paperwork required at the mortgage stage. Your best bet would be to look into REIT stocks if you went that route, or buy bank shares that give out a lot of mortgages.
411  Economy / Gambling / Re: How Crypto casino market themselves? on: January 16, 2024, 08:09:55 PM
I am curious to know who are their targeted audience and at what age group. In general gambling people target countries like thailand more but probably this is not the case with crypto. Do they target nerds or total dumbs? How efficient they are between their marketing tactics?


How does any company market themselves? Gambling companies are usually allowed to market towards anyone that is known to be over the age of 18 in many countries, or 21 in places like the United States. Besides that, they don't have all that many restrictions, you can even see them as a main sponsor of many football clubs in the biggest league in the world. They have more freedom to advertise than say tobacco or alcohol companies. In practice, they'll be searching for any sort of advertising locations and try to track conversions, but will even advertise subtly with online streamers or influencers. Anywhere advertisers flock towards and find conversions will be popular locations - they can even advertise them on Google and will be paying quite steep prices for ad spots.
412  Economy / Economics / Re: Reasons for personal financial accountability? on: January 16, 2024, 08:01:20 PM
As day and night keep occuring, hustling to meet our needs is not negotiable as long as we still have an interest in living. Whether working hard or working smart, the primary and secondary goal is to have something that can aid our survival at the end of the day. No one is interested in how you made your money, just get your basic needs and live your life.

Accountability happens to be an important figure that indicates how well everyone makes use of the resources they have in their possession. Don't be surprised that some people who earn very decent amount still struggle to survive due to the inability to give proper account of how they've spent their money.

Below are the few reasons why personal accountability is important
1. It fosters self discipline in the areas of spending. Accountability sometimes teaches us how to restrain ourselves from our wants.

2. It creates room for investment through wise decision making. In this scenerio, we often consider investment rather than squandering funds.

3. It encourages the regular checking of financial growth, which help us to monitor our earnings and expenses.

4. It builds financial confidence in hustling continuously.

How to practice financial accountability
1. Be truthful to yourself. Certainly, no one knows you better than you know yourself. Your decision to spend right is for your own benefit and not for others.

2. Have an innovative or conservative mindset. By having an innovative mindset, we tend to invest on our own ideas, while by having a conversative mindset, we tend to save our money like some Bitcoin hodlers do.

Thanks for reading through, and what are your opinions regarding personal financial accountability?.

Some people are lucky in life, they get born in a richer country and they have a supportive family around them, others have to struggle all the way growing up, but one essential thing that will give you the biggest boost in life is financial education and it's possible to get learn it all yourself. The information is all available out there, but you need to have the drive to figure out how the financial world works - from credit cards, to pay day loans, to mortgages, the stock market, pension plans and much more beyond. The sooner in life you learn these things, the longer you will have to truly capitalize from them, but you should never give up learning either because these things constantly evolve over time.
413  Economy / Gambling discussion / Re: Making too many picks reduces chances of winning. on: January 15, 2024, 09:52:26 PM
As gamblers, we love more action, so we tend to make more bets on a regular basis. However, experts say that when we make too many picks regularly, our chances of winning decrease. This is due to the fact that we won't be able to analyze all the games carefully that are in our ticket and won't have the advantage needed to win. So instead, it's recommended that we should value quality over quantity if we want to succeed in sports betting.

Share your opinion regarding this matter.



Edit : I see that some replies are talking about parlay. FYI, this is not about parlay, it's about making many single picks on a regular basis. Please avoid using parlay when sharing your opinion.

There are some similarities between picking bets and buying into shares on the stock market, however you're actually up against a much harder contender when choosing to place a bet. They have a lot more useful statistics that are heavily analyzed, but still there is room for the bookmakers to make errors when pricing up the odds they give to people placing bets. Ultimately though, you need a long term strategy and you're right - it is better to pick quality over quantity. However the extent to which you can analyse better than a bookmaker is limited, it may actually be worth looking into artificial intelligence to see whether it can identify any weaknesses or trends in data sets you can provide to it on previous bets.
414  Economy / Economics / Re: Pay discrimination on: January 15, 2024, 08:43:51 PM
There has always been a huge difference in the pay scale between the white collar jobs and blue collar or skilled labor wherein the later one put in more effort physically and do more hardwork than the earlier one.

Should there be market correction done for skilled labors?

Some will say that an white collar employee is more mentally drained out hence they deserve better pay but people who do menial job stop working the world will just rot as everything cannot be done but robots and AI.

It's sometimes sad to see how they are treated disrespectfully, be it a waiter, delivery workers, cab drivers, carpenter, or construction workers as they are the pillars and without them things will start falling apart. I know some of these can be automated but not everything.

When people talk about pay discrimination it takes to be around things like men versus women or the different pay rates of different age groups, rather than different sectors within the economy. The market is already self correcting when it comes to wages, no help is really needed and I find it bizarre that you're grouping waiters with construction workers. It tells me that you don't necessarily know or understand the wages that are being paid to these groups of workers. Waiters are likely to be near minimum wage, but construction workers can earn much more - especially if they do a trade like plumbing, electrics or project management. I'm not sure what sort of disrespect you're seeing, but you get out of life what you put in - people in higher wage jobs often had to put in many years of higher education and pay lots of money to earn their way to higher paid jobs.
415  Economy / Gambling discussion / Re: cashout or wait till the end? on: January 15, 2024, 08:36:03 PM

How would you feel if you had the opportunity to cashout this amount, and later loose all?

most times people always find it difficult to cashout their fund when they have the opportunity,  due to having that mindset that they want to go home with the Goody bag. by so doing Sometimes the game will end without them winning a dime. but loosing all to nothing. while some will cashout, and later the game will end well and they will start regretting why dey didn't wait to the final.
now my question this,

cashing out or waiting till the end of game which is more better?

What would you feel like if you had the choice to cut off your arm or not cut off your arm, what would you do if you cut your arm off? It's a pretty dumb question because the answer is obvious. What can you do? You just accept that you make the wrong decision and move on with your life, because nobody owes you anything in this situation. You made a choice to continue being greedy and the casino capitalized on that to walk away the winner in this transaction. It is the calculation that casino and sportbooks take every day with all of the odds that they have on offer? Personally I would have cashed out long before that point, so if I somehow forgot about the bet and stumbled back to it before losing it all, I would have cashed out at this point.
416  Economy / Economics / Re: In times of Crisis and uncertanities toilet paper can be new currency on: January 15, 2024, 08:29:11 PM
Yes it's very valuble it's limited source but it can be working as currency and while world is full of crisis and more need to be printed some currencies Will value like wc paper.

It's funny but let's look the good currency have value and people need this and If fiat currency becomes devalued or low value then it has Even less value than real soft toilet paper.

Imagine in your village something happens then Im sure you can use to exchange toilet paper to food becouse toilet paper have Same value as oil food or some other commodities and in times of Crisis toilet paper value it's even higher.


So i bought a lot that in my basement lol ...i can borrow this with % and set up the local exchange rate in case for Crisis Im not expecting to see Crisis but Im just telling that's good valueble Asset.

This became a bit of a meme during the earlier days of Covid, but it never reached the point where people were claiming it was a currency. It was actually more like a supply chain issue, because there was plenty of it stored in large warehouses but getting it out into the supply chain combined with mass panic that stripped the shelves in a short space of time, led to it being harder to replenish. Just like anything else in life, it has a value that can change depending on supply and demand, that is hardly a breakthrough moment in philosophy. The fact that prices didn't change much was also in part driven by the potential consumer and government backlash on anyone that is trying to profiteer on essential goods, so it's not going to disappear entirely.
417  Economy / Gambling discussion / Re: Drug (cocaine) addicts compromises gambling potentials on: January 15, 2024, 08:24:39 PM
The thread might be lengthy but please "exercise that your investors demanded "patient" if you must achieve valuably along the runs".

A hard drugs (cocaine) addict from Nigeria who has a laundry (wash/dry cleaning shop) for source of his financial needs sustainability is verified to had advanced in his intake of his drugs addiction. To certain point he was not financially stable to purchase the drugs as his usual. While he had learnt about gambling as means of profitablity, he though it was to be so flexible and easy as that to bet and win to he could gain and further purchase the hard drugs or his addictions.
He was attracted to the sport betting after winning in some certain stakes while visiting the bet shop but as time goes, maybe he needed a relaxation to comfortably place his bet in his privacy which triggered him to download and registered on the online gambling sports casino. He had made more counts of losts than his winnings and yet could not take control of his emotions simply because he has a goal of desperacy in chasing profits in the gambling board just to gain some money and afford himself the drugs.
He was no more concentration on his laundry business til he ran out of cash to place more stake which to him to sell laundry accessories so he could fund his online gambling wallet account. And he ignorantly submitted himself to the gambling without realizing how his life is being ruined after countless times his has lost his stakes without a given countable profits any more in drugs addicts, his laundry and so on his gambling habitual ignorantic addition too.

This has attracted to a reminder referencing individuals whom had suicidedly lost their lives, those whom had countlessly lossed their valuables, those whom had been indebted and the atrociousnesses which has indicted individuals because of gambling.
This has also called on the aifs of a political and a social influencer calling to the attentions of the president of Nigeria to bring an end and cut off the accessibilities access to online sport betting in the country in other to main a better orderliness in the society because the states of miles Nigerians undergoes is being mentally worrisome which has also made a caused of depreciations of our fiat currency Naira(#). He further stated that if betting platforms could be moderated, then the lost of the currency values would regain and boosten back it's values. https://punchng.com/experts-fear-rise-in-mental-illnesses-over-addiction-to-betting-apps/

My question>>>
* Is gambling really to be blamed about the laundry drug addict guy who engaged in gambling in order to gain more money and afford his drugs?
Because to me, he has been a drug addict before began to gamble and he strictly gambled consciencelessly just to make profit and buy himself this assorted unhealthy pills (drugs). So, I don't see anyway of gambling being responsible for his irresponsible reputations with his mentality of what triggered him to gambling and his inabilities to control his gambling.

* Was the political social influencer right to say getting to an end of online sport bets in the app stores and the moderating of gambling would regain back the devalued currency and attracts a growing economy back to the nation a right acceptable and good research?
As much as I know, individual indulgences has no stake of influences to affect the national economy at where the government folds its hands of governance While counting national welfareness reliably of the vulnerable individuals. Although, getting to an end of online sport bets from the app stores would contribute to manage the number of psychological gambling addictive effects in the country.

* Is gambling really to be blamed in ruining lifes?
Even though the online casino gambling as influences on the massive audience, I don't think it has been in any strategic or physically enforced a compulsory venture to anyone that he must gamble.
I don't see gambling walking to the players instead the players walks to the gambles so, directly and indirectly gambling has an influence but has not path to be blamed over individuals irrepressible living on their caused of gambling.


Arguably cocaine could actual boost your chances compared to say cannabis or alcohol, which have much more depressive and disorientating effects than cocaine. Short term it will make you more focused and energetic, which if you've got intelligence already could make you sharper. However long term, which drug addicts almost always end up under, it will absolutely destroy your body and mind. No addiction is worthwhile really and you'll find that many older people say the key to a healthy life is moderation (of all things). If you over do anything in life, it can mess you up. I'd also suggest that a cocaine addict living in Nigeria (not a normal area of cultivation so likely imported) would be rather well off and living an entirely different lifestyle to the average person in that country already.
418  Economy / Economics / Re: Will they ever be able to afford a house? on: January 14, 2024, 01:31:47 PM
Let's study the case of an average representative Gen Z and X. What is important or missing in the description (linked below)? What would you advise?

The gap has definitely widened, compared to what our parents and grandparents were able to purchase. It now costs many more multiples of salary to afford a home. Add to that there are lots of companies out there who are snapping up any properties they can with the idea that they can rent them out. High interest rates have actually caused a pause and slight reversal in this - forcing some landlords to sell up with interest rates so high that they had not factored in, plus an inability to raise rents in some circumstances. What we need is salaries to catch up a bit more and the gap to close, but home owners were always the more responsible parts of society. Anyone faces a lot of pain when saving for a deposit and some people are not willing to accept that reality.
419  Economy / Gambling discussion / Re: Know when to ride and stop! on: January 14, 2024, 01:19:18 PM
I decided to create this topic as a tip to fellow gambler that wants to have a slightly increase chance to win on gambling.

Fella should know when to ride when you are on a win streak. You can test the water first by betting slowly until you get the tempo of winning streak then slowly increase your bet while you are still winning. Stop immediately when you encounter a lose or two because there’s a high chance that you will be tilted and chase loss until you lose everything.

Don’t increase your bet when you are losing because it will just amplify your loss immediately once you are in bad streak. Always test the water before you increase your bet.  Wink

Sharing my recent juicy win using small bankroll below! At first I’m hesitant to ride but it takes courage to increase bet slowly especially if you have small bankroll.

This is ultimately what makes the casinos massive profits every year and it all ultimately boils down to human greed. An addicted gambler, as least one who has been into the game for a few months or a few years, is unlikely to be able to walk away because they've lost any sense in what they are doing. They have often lost track of huge amounts of money that they have put into the system. If a newcomer or casual gambler came in and won a few thousand out of pure chance, they might easily break it off to cash out and peacefully not gamble for a long time afterwards - knowing they got freakishly lucky. For the same amount it might not even register on the scale for a problem gambler and they would sink it all back in very quickly.
420  Economy / Economics / Re: If you want to get rich, you have to become immune to the money.......! on: January 14, 2024, 01:09:24 PM
If you want to get rich, you have to become immune to the money.

What does it mean?

  • Do not desire your own money. It turns you from a producer to a consumer.
  • Do not desire the money of others. Envy is a deadly sin. Because it will distract you from your own mission.
  • Do not desire the money you will make in the future. Desire good work right now, You don't want cash in, you want to serve.

Only this way you will get rich from zero.
_The Grim

How true is it? I want to ask the successful people here in this forum. What kind of rules or strategies that you guys use which led you to your success?

That's some decent, if rather basic advice for life - except for part 3. You definitely need to figure out your worth and whether you are being compensated fairly with your current employment situation. You could be losing a lot of your earning potential by sticking around in the wrong spot, potentially being underpaid by many multiples of your worth, for an under appreciative employer. While you may be happy to be slightly under paid and work in surroundings that make up for it, don't be walked on either. You should also be making a plan and trying to stick with it on your future earnings, especially if it includes diversifying into new income streams that exist beyond your single job, monitor and optimize them all the time.
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