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441  Economy / Economics / Re: World changing and those who don't adopt this Will stay poor on: November 23, 2023, 06:55:52 PM
Even when CBDCS becomes popular and widespread in its usage, It’s highly unlikely properties would lose its value overnight and wealth would then be dependent on your crypto assets.
“World wealth and all the resources will be soon distributed to crypto holders”. That’s another unlikely scenario when CBDCS becomes widespread. The mere thought of it is really absurd as you’re implying people who aren’t crypto holders(that’s a lot of people)would go totally broke overnight.


...i'll be laughing then becouse i know for sure things will go different ways becouse remember elite and rich people can't never tell others the truth it's your duty to use brain and find out and If not you don't deserve wealth
I guess we should be extremely grateful for you to tell us the poor and average folks the truth.  We would have never guessed this in a million years.


442  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: November 23, 2023, 06:01:22 PM
When Chelsea play against top clubs, they always have surprises and play better than when they play against bottom clubs, that's why this match against Newcastle will definitely be difficult to predict, looking at previous matches against Tottenham and Manchester City is enough to prove that they really play well. when facing a strong club that is at the top of the EPL standings.

Admittedly, Chelsea despite their inconsistent performances this season, has developed a knack for going up against big teams and surprisingly playing at their best. The game with Newcastle may not be any different.
The game played earlier with Man City and the performance that was put up by Chelsea is still very fresh on my mind as Chelsea played beyond expectations.
Newcastle is no small team and while I don’t totally agree with playing at home being that much of an advantage, I can see Chelsea having a tough time trying to have a win over Newcastle playing on their home turf. 
443  Economy / Economics / Re: Insurance is important on: November 23, 2023, 04:58:31 PM
Other than health insurance is not essential for me because, as long as I'm healthy, I can do many things. Besides, the regulations in insurance are usually unfair, possibly due to the type of insurance we choose or even the monthly bill we pay. And health insurance cannot guarantee someone's perfect health 100%, like in the case of a body part being amputated due to an accident... the insurance cannot provide a natural human limb that functions like the original. Instead, they compensate with cash, which in this context might sound like "selling our body parts for money."

I hope you would have a serious rethink and hopefully a change of heart concerning Insurance generally. Insurance has helped a lot of people have something to fall back on where all hopes is seemingly lost during an emergency.
There should be different licensed insurance companies around and you could compare their terms and services to find whatever would suit you best.

Nothing can guarantee a perfect health in the life of an individual. Not even an insurance policy. From your point, I think you expect a whole lot from insurance companies. There aren’t there to give you a new life as they’re not the creator.
They help out and compensate with some aid during unexpected events that are financially challenging and could rise when you least expect.

444  Economy / Gambling discussion / Re: Never gamble in front of your kids. on: November 23, 2023, 04:07:55 PM
when children are adults they must be able to choose and live their own lives, there is no coercion in that matter, but from an early age if children see their parents' behavior, for example, if they like to gamble, then they must be able to decide wisely. whether they should follow in their parents' footsteps or not. Because most children consider their parents' behavior to be the best for them as motivation for a good life.

Funny thing, my kid often see me working behind PC, all those tables, graphs, data. I am not 100% sure that when it will be time to select university to get a higher education, that something related with finances would be selected, as the kid is more interested in art, drawing, creating things. The logic of "kid will copy what parents do" does not work.


Kids would try and imitate what they see their parents do. That I'm quite sure of. It then depends on other factors on if those things copied from their parents arouse their curiosity even further.
Your kid would see you working behind the PC and sees graphs and data. All these the child doesn’t understand and probably wouldn’t seem interesting in the least. Kids would be more attracted to colorful objects and drawings that can attract and hold their attention.
445  Economy / Gambling discussion / Re: Is this a good advice? on: November 23, 2023, 01:53:53 PM
I keep seeing gamblers advising themselves that you are one step closer to winning the jackpot when you quit too early,  it's sad that they strongly believe this.



When all is seemingly lost and hope, which is what man desperately clings onto when there is nothing left is quickly fading away, I would say this is what everyone tells themselves in a bid to retain whatever hope is left inside them and it’s not just with gambling.

If you can tell yourself and actually believe it, it can be motivating and encouraging but with gambling, it is not a good advice as you could also be a step away from bankruptcy while remaining foolishly hopeful about winning the jackpot.
When you can convince yourself about being just one step away from winning despite continuous losses, it’s clear you don’t know when to stop playing.
446  Economy / Gambling discussion / Re: Do you believe in psychic betting? on: November 23, 2023, 06:54:38 AM
Yes, I believe in psyche betting. If I hadn't witnessed people experiencing psyche betting in their football games, I wouldn't be as convinced of it because betting games is all about luck. 

What convinced me to believe in psyche betting was witnessing and hearing accounts from people who had engaged in psyche betting given to them in dreams about how their deceased loved ones had given them games to bet on and they had repeatedly won them. That experience alone leads me to believe that the spiritual realm governs the physical world and that the appropriate route for someone to seek spiritual intercession is necessary for whatever they do 

I can understand you wanting to believe such stories from people. I too have heard such “stories”. It may be true and it may have very well been lies. I wouldn’t know and can’t corroborate such stories as it has never happened to me.
I’d like to think I’m very open minded and weirder things have in fact happened before but it’s crazy to think a loved ones that has long died would come to someone in a dream with winning numbers or a game to bet and it would turn out to be winning numbers.
447  Economy / Gambling discussion / Re: 9 Years Before He finally claim his lotto rewards on: November 23, 2023, 06:17:08 AM
Now that’s a man who knows what he wants and won’t back down till he gets it. I applaud the man for the resilience he put forward in trying to get his winnings.
Personally, I don’t know if I would be able to pursue this for a period of nine years. That’s a really long time and a lot of people would have moved on admitting defeat. It’s a good thing the man was patient enough and still able to follow the court process that finally gave him victory and enabled him access his rightful winnings.
The very long court process would wear out and even bankrupt most people but I admire the man for remaining steadfast while keeping his eye on his price.
448  Economy / Gambling discussion / Re: Have You At Any Point In Time Blame Who Taught Or Led You To Gambling? on: November 22, 2023, 05:45:27 PM

Though I get your point but it's a human nature pointing fingers each time there's something wrong happens in their lives, not generalizing but there are people who think that blaming someone with their mistake can lessen the burden inside them, but it's true that no one should be blame as it's still you who decide to bet your place and gamble.

Even someone force you to gamble but if you really don't want to lose your money chances that you will not continue or you will just play once and never to repeat whatever the outcome might be.

I don’t think it can be said to be human nature to want to put the repercussions of our actions on sometime else. Admittedly, there are a incredible number of people that do so, I disagree that it’s human nature.
People who lay the fault of their actions at the feet of others are likely to repeat the same mistakes as in their minds, they aren’t to be held responsible for their own actions. Not wanting to be solely held accountable for their actions, they would seek to share the fault with someone else and who better to share the fault with than the person who introduced you to gambling? Such people are quick to solely accept any praises or food fortunes but are eager to share all faults.
449  Economy / Economics / Re: Insurance is important on: November 22, 2023, 05:00:23 PM
In developing countries, having insurance for the average folks is probably seen as a waste of money. But when disaster strikes, they’re left with little to nothing and are left to start afresh. And while their income level isn’t much as a whole lot don’t earn enough to cover their expenses, there isn’t much left to save not less paying into an insurance policy that would cover up any losses that may arise in the future.

As a business owner, having an insurance to cover your business irrespective of your location is extremely important as it could be the backup plan you never thought to make that could end up saving your business.
Same with health and life insurance. But I don’t think a lot of people in developing countries would be open to having insurance just yet having yet to understand what it fully entails and just how important it is.
450  Economy / Gambling discussion / Re: Would You Crowdfund for a Gambler Who Has Gambled Irresponsibly? on: November 22, 2023, 12:57:07 PM
I won’t bother to crowdfund for any gambler who has been irresponsible with his gambling habit. Someone who is into gambling should know the risks and most importantly, know that you should only use funds allocated for such purposes.
In a lot of cases, after crying out on social media seeking assistance and later being bailed out, that individual might later again go down the same path that initially led him to seek assistance from friends and strangers online having thoughts of being bailed out again if anything goes wrong again.

There are certain scenarios which I would willingly crowdfund for, but a gambler having knowingly and willingly spent funds not supposed to be spent, isn’t one of them.
451  Economy / Gambling discussion / Re: A tip for staying resposible while gambling. on: November 22, 2023, 11:31:34 AM
But, do people who gamble irresponsibly not know that earning money is difficult and one can't earn the same amount within the same period that it's being lost in? They do unless they are getting that money from someone else like the father or an elder brother and they are not earning it themselves, in that case, they wouldn't understand the actual worth of money and the difficulty one has to go through to earn it which would never let someone spend it like that if the hard work was done by themselves and not by someone else.

However, people just can't control the urge to gamble, some might even try, but they get no success and after so much control, they still go ahead and gamble it all away. I've seen people getting out of online casino platforms for the time being when they were losing, and then they let you know that they've gambled the money away at midnight. That's how strong the urge is.

When someone finds an urge to do something so great it’s beyond control, then it’s likely an addiction. And people who are already addicted would always gamble irresponsibly forgetting for a moment, money has to be earned and how it doesn’t come easy.
I doubt they think much about the amount they’ve lost and how much work needs to be done to earn such an amount. In some cases, like you noted, they are being given money by someone else and won’t value such money as they didn’t work for to earn it.
I think with an addiction, irrespective of if the money is theirs or someone else’s, they have just one thing in mind and wouldn’t think much than to use that money either ways to feed the addiction.
452  Economy / Gambling discussion / Re: Have You At Any Point In Time Blame Who Taught Or Led You To Gambling? on: November 21, 2023, 08:02:55 PM
I don’t think your situation is any different from a lot of people. People would always seek to blame someone else for their misfortunes despite knowingly partaking in such activities that brought them such misfortunes.
When I got motivated enough by a mate then to stake my very first bet, I was quite ignorant but I knew very well the game could go either way and I wasn’t upset nor did I blame anyone else when I eventually lost out on that bet.
I must admit, I felt a little bit bad I let myself be persuaded in parting with my money to lay a bet that ultimately resulted in a loss. But I definitely didn’t blame anyone else.
453  Economy / Economics / Re: Entrepreneurship and women on: November 17, 2023, 03:24:40 PM
I have to admit that in some areas, men's decisions will be better than women's decisions so I naturally say that gender equality in business will be difficult to achieve. Apart from that, if you are a woman who already has children then you will not have time to be the boss of the business you run, you will definitely give more thought to your family, business is not an easy thing, personal problems also have a big influence on women or men who run a business.

I would like to hear what areas you think the decision making process should be handled by just men. And It’s pretty obvious that people have their diverse thoughts on this and reading through some, it’s not difficult to figure out why gender equality would still be difficult to achieve.
I’ve known women who had kids and still had the time to mange and run her business well. While it may be tiring, It’s not really that much of a herculean task to juggle being a mom and running a business. With a loving and supporting spouse, it can be done and easily too.
454  Economy / Gambling discussion / Re: A tip for staying resposible while gambling. on: November 17, 2023, 01:30:42 PM
While gambling some people gamble with small amounts which is not very important for them, but for those who are new to gambling and not able to control themselves or play with something reasonable amount.
So I have a tip for them you can stick a real paper money note in front of your monitor which will remind you that money is hard to earn and play responsibly or don't play with big amounts.
the note will remind every time that how you earned that money, and if you are controlled and this tip is not very important for you them you can ignore it, but i found this helpful.

I know about sticky notes being placed on the computer screen or certain places in the home to help get you to remember important things that needs to get done.
Your technique is new to me but it has little similarities and benefits like the sticky notes. Thankfully, I haven’t got any problems with the way I gamble but for others who may have, it’s worth trying out. It worked for the OP, it could work for you as well.

Reading some of the replies on the thread,  it wouldn’t be surprising to have people who would stick the currency note to serve as a reminder only to later take it down when funds are low to use it to place new bets.
455  Economy / Economics / Re: Being rich = not looking at price tag on: November 17, 2023, 12:28:29 PM
I'm betting you that once you're so rich, you will definitely not look at the price tag, you are saying that right now because you're not rich or anything like that but once you're there, it's a whole different ball game. You'll probably only worry about the price tags if it costs you a million dollars or probably billion dollars but the hundred thousand levels price tag, you're not going to be worried about those anymore.

Not being worried about the price  of a product does not mean you won’t have to know how much you’re paying for the product.
When wanting to purchase something from a buyer, the price of the commodity is something that’s not easily overlooked. I think most people irrespective of how wealthy they are, would want to know how much they’re paying for a product.
Following your logic, can someone  be considered poor or average if he decides to check how much the product is worth?

You’re probably not being serious about the bet but you shouldn’t be in a hurry to place bets without first knowing your chances.
456  Economy / Economics / Re: What is the right age for financial stability? on: November 17, 2023, 11:45:26 AM
Doesnt matter if you do start up late or not, its better late than never on which this is something that you should really be putting up into your mind. Right age? It doesnt matter much.
As long you are really making some steps no matter how small it is as long you do already set your goals and trying out to make it happen on which this is what matter the most.
There are people who are really just that easily get discourage on the time that they would encounter some hardship or failures.

I would go a step further in saying there’s not a right age for financial stability. While there may not be a designated age deemed right, I think we would agree that it’s best to start as early as individually possible and going by a good number of replies on the thread, a lot of people don’t think there’s a right age for financial stability.
It actually doesn’t matter much if you start late but as long as you actually start making those steps.
An individual may be privileged enough to have been born into a wealthy household. That individual would have opportunities and perks available that could give him a jumpstart in his personal life, career and finances. Not everyone has such opportunities available.
457  Other / Beginners & Help / Re: It's better to provide Quality and not Quantity... on: November 16, 2023, 11:59:01 PM
Quality almost always beats quantity in everything. Why do you think products of higher quality are often more expensive then another same line of product but with lesser quality despite the both being readily available. People would always prefer quality products to one with lesser quality.

I think it’s applies to probably everything including ideas and opinions being put down here on the forum. People would be more willing to listen and learn from the few words you have to say. And like you noted, quality posts are devoid of gibberish and would be quite obvious the poster knows his onions.
It’s only natural for people to lean towards having more of quality than quantity.
458  Economy / Economics / Re: What is the right age for financial stability? on: November 16, 2023, 11:31:06 PM
What you say is correct, but age is also a factor in a person's maturity in managing finances, both personal and family finances, and even in companies.

The ideal age is 25 years and for maturity it is 40 years, here you are very mature because at that age you can control emotions in everything, so the age factor is also very influential.

I used to think that as an individual grows and advances in age, that individual gets more matured in thoughts, emotions and actions. I was dead wrong. Ordinarily, one is expected to grow and be more matured in all dealings and encounters.
Personally, I don’t consider the age of an individual to be a factor in determining the maturity level of that individual. There are kids who act maturely and behave way more responsible than some adults in our society.

There are healthy 25 Yr olds that acts maturely and healthy 40 Yr olds that needs supervision cause of their behavior. If age meant anything then, it doesn’t mean much anymore when it comes to an individual being matured.
459  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: November 16, 2023, 10:59:31 PM
Tottenham didn’t expect the result they got from the match, they didn’t believe Chelsea will be able to win them, Tottenham we’re expecting the match to be a easy win for them because chelsea that have not been stable this season, no one expected a win from Chelsea in the match, we all know the two red cards collect was one of the reasons why chelsea was able to win the match, but since Tottenham lost to Chelsea, they haven’t really understand themselves, their performance have been kind of poor, I know Tottenham will find it very difficult to win Aston villa, seriously the match will be kind of difficult to predict for me, but I still keep on saying it, I won’t be surprised if Aston villa win the match.

A good number of people didn't think the game would end with Chelsea coming out as the victor. It’s not entirely clear what went wrong with Tottenham in that game. Perhaps they had truly underestimated their opponents due to their inconsistency in their performance. The red cards gotten was also detrimental to whatever efforts they could manage to muster.
I thought it would be a win for Spurs although I did not think it could be easy. The game turned out entirely different from what I had expected to see as Chelsea managed to score 4 goals(much higher than what I thought they could score) and ultimately win the game.
460  Economy / Gambling discussion / Re: The madness of gambling addicts. on: November 16, 2023, 10:29:46 PM
I have been in that situation before so I can understand what you are saying. Gambling addiction is like a spell, until you are bankrupt,  you will never stop, the urge is just too strong. It is really a helpless situation and worse when the gambler do not have steady flow of income.

As much as it is possible, we should not allow ourselves to be addicted to anything f even gambling, it never always end well. I am lucky to have overcame the addiction. Even though I did not stop gambling, I have limited my gambling participation by making sure I gamble within my limits.

An addiction, irrespective of what the habit is, isn’t good. And I think you’re right. It’s almost like a spell that won’t allow one to think rationally until there is no more money left to feed the habit. And when your funds are exhausted, borrowing is what comes to mind.
For an addict, It’s a never ending cycle and like you noted, a helpless situation. For someone having a steady income from work and unfortunately develops an addiction, it won’t be long before the income that was previously enough to meet basic needs with some left for savings will suddenly become never enough.
Addiction never ends well and it’s best to control your habits and not the other way around.
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