Healthy mindset to save earnings from gambling

[Davidvictorson]

Most lottery winners have no plan in place to replace the money and attempt to live the lifestyle of a billionaire on a few million dollars. One's attitude rather than a lack of resources is what makes someone poor and broke.  People are broken on the inside.  They are ignorant of the nature and how powerful money is.  To make more money, money must be spent and invested.  The majority of people were never taught that, so when they win large in the lottery or casinos, they quickly lose it.  The secret to the rich staying wealthy is first their mindset and second who they talk to. They either don't seek financial advisor assistance or they completely disregard it.  And really what they have to do is put up a portfolio with some Treasury securities, blue-chip companies, and both commercial and residential real estate, and live off the interest. But they never do it.

[maydna]

It's not really only about having a rich or healthy mindset but it is also about discipline and self-control. A person with a rich mindset might also have a hasty nature which makes him take decisions without giving them much thought which ends up putting him in situations that cause him losses. So, the very first thing in a person, whether they have a rich or poor mindset, to be able to achieve that in gambling is to have self-control and the ability to be disciplined.

Someone who doesn't have these things will barely be able to get any success in gambling even if they are winning, because as you said, they will eventually lose everything back because they won't stop after winning as greed makes them gamble more only with the hope that they might win even more with it.

But many people have the mindset of getting rich from gambling, so they decide to gamble again even after winning a big win. That's not good for them because at least they have to rest before continuing so that their emotions after getting that big win subside. This is to anticipate the desire to win more wins where it will not always happen. It would be even better if they had good self-control so that it could help them to stop soon.

They will only spend their winnings without being able to save their winnings and will not be able to experience success from gambling. And it's true that in the end, they will lose everything, including the winning money they have earned. That's why we have to really control our greed so it doesn't make us gamble longer.

[madnessteat]

Most lottery winners have no plan in place to replace the money and attempt to live the lifestyle of a billionaire on a few million dollars. One's attitude rather than a lack of resources is what makes someone poor and broke.  People are broken on the inside.  They are ignorant of the nature and how powerful money is.  To make more money, money must be spent and invested.  The majority of people were never taught that, so when they win large in the lottery or casinos, they quickly lose it.  The secret to the rich staying wealthy is first their mindset and second who they talk to. They either don't seek financial advisor assistance or they completely disregard it.  And really what they have to do is put up a portfolio with some Treasury securities, blue-chip companies, and both commercial and residential real estate, and live off the interest. But they never do it.

Would you like me to tell you why they don't?

A huge number of people on our planet live from paycheck to paycheck, so they do not have money not only to buy blue chips, but also do not have money for their own homes or personal cars. Such people are forced into the trap of today's banking system and become a kind of slave.

[Plaguedeath]

Would you like me to tell you why they don't?

A huge number of people on our planet live from paycheck to paycheck, so they do not have money not only to buy blue chips, but also do not have money for their own homes or personal cars. Such people are forced into the trap of today's banking system and become a kind of slave.

Yep, @OP is only looking in his self where he make more money than his monthly spending regardless the country where he live. If he know there are many people are struggling in their life and the problem of why they can be like that, I doubt @OP will able to solve the problem, he might be trapped in the same way like them.

Social gap is still a big matter in every country, the poor have no choice than working for the rich and get paid with minimum or low salary.

[Coin_trader]

It's not really only about having a rich or healthy mindset but it is also about discipline and self-control. A person with a rich mindset might also have a hasty nature which makes him take decisions without giving them much thought which ends up putting him in situations that cause him losses. So, the very first thing in a person, whether they have a rich or poor mindset, to be able to achieve that in gambling is to have self-control and the ability to be disciplined.

Someone who doesn't have these things will barely be able to get any success in gambling even if they are winning, because as you said, they will eventually lose everything back because they won't stop after winning as greed makes them gamble more only with the hope that they might win even more with it.

But many people have the mindset of getting rich from gambling, so they decide to gamble again even after winning a big win. That's not good for them because at least they have to rest before continuing so that their emotions after getting that big win subside. This is to anticipate the desire to win more wins where it will not always happen. It would be even better if they had good self-control so that it could help them to stop soon.

They will only spend their winnings without being able to save their winnings and will not be able to experience success from gambling. And it's true that in the end, they will lose everything, including the winning money they have earned. That's why we have to really control our greed so it doesn't make us gamble longer.

The context of rich mindset here is teh contrary of what you are describing if you will read the content of OP. Rich mindset on this topic means the ability to cashout profit when user is winning since he is thinking on how to get rich and not being broke by continously playing even he is on profit. You are describing a broke mindset base on his example since broke person usually play recklessly while rich mindset play smart that’s why they are rich.

But I think if a person has rich mindset, He will definitely avoid gambling since there’s no way to get rich here because this is not a source of wealth but rather a source of entertainment only.

[Shinpako09]

It's not really only about having a rich or healthy mindset but it is also about discipline and self-control. A person with a rich mindset might also have a hasty nature which makes him take decisions without giving them much thought which ends up putting him in situations that cause him losses. So, the very first thing in a person, whether they have a rich or poor mindset, to be able to achieve that in gambling is to have self-control and the ability to be disciplined.

Someone who doesn't have these things will barely be able to get any success in gambling even if they are winning, because as you said, they will eventually lose everything back because they won't stop after winning as greed makes them gamble more only with the hope that they might win even more with it.

Greed is difficult to fight as it is deep in our roots since many centuries ago and is deep in our DNA.You can't change something that is programmed to behave like it does,therefore even a healthy mindset may be victim of a moment where greed prevails over the brain and the gambler follows his instinct clearly in a damaging way for him as greed usually cause us to lose a lot of money.

This to say that a healthy mindset is not enough if we have not trained ourselves very well in self control and self discipline,the healthy mindset cannot keep you at winning ways,discipline does as it dictates us to stop no matter greed may be yelling gooooooooo.

Well said. Self-control and discipline are the keys to keeping your mind calm. If you are calm, you won't do bets or things mindlessly. Unfortunately, the majority of gamblers don't possess this which always leads to losses. I'm guilty of not having it especially when red streak comes in. It's very hard to fight the emotions and the only way to calm your mind is to have a green streak and get back the amount before the red streak.

[Lida93]

Usually, people who win in gambling but not able to cash out or save their winnings and I think this has something to do with a Healthy mindset.
If you do not have the intention to save the wealth, you will lose all your winnings by risking them again in another gambling bet.

There's this delusional mindset or a believe set from gamblers that they could have more chances of winning bigger amount again after getting a win of some attractive figures. By that, they increase their bets and their risk only to end up losing all they have won back to the casino house. Gamblers do this forgetting that a gambler doesn't get lucky twice immediately after a big win.

Indeed mindset plays a role but it's has much to do with insatiable greed than the latter. Only that person that's satisfied with whatever good amount he has won from gambling can redirect the money in investing into others areas that would yield profits. So I think a good mindset goes along with satisfaction.

[maydna]

~snip~

The context of rich mindset here is teh contrary of what you are describing if you will read the content of OP. Rich mindset on this topic means the ability to cashout profit when user is winning since he is thinking on how to get rich and not being broke by continously playing even he is on profit. You are describing a broke mindset base on his example since broke person usually play recklessly while rich mindset play smart that’s why they are rich.

But I think if a person has rich mindset, He will definitely avoid gambling since there’s no way to get rich here because this is not a source of wealth but rather a source of entertainment only.

I don't think so because of what @OP said:

Usually, people who win in gambling but not able to cash out or save their winnings and I think this has something to do with a Healthy mindset.
If you do not have the intention to save the wealth, you will lose all your winnings by risking them again in another gambling bet.

Only a mentally strong person who has control over emotions and have money management skills would be the real winner here and will become rich eventually.

You can see that managing money after getting a win is recommended, and that is about to take a short break. And I said that one should stop first after winning because if he continues, he can lose all his money by betting it on the gambling table. Besides that, taking a short break is also to control the emotions after winning. And if he can do that, he can have the money, and perhaps, if he can earn more the next day, he can become rich from gambling, although that is not easy.

Besides that, most gamblers out there have a rich mindset. They want to get rich from gambling but can't use it properly after getting a lot of money from gambling. Or perhaps I misunderstood it. If so, I apologize to you.

[darewaller]

Most lottery winners have no plan in place to replace the money and attempt to live the lifestyle of a billionaire on a few million dollars. One's attitude rather than a lack of resources is what makes someone poor and broke.  People are broken on the inside.  They are ignorant of the nature and how powerful money is.  To make more money, money must be spent and invested.  The majority of people were never taught that, so when they win large in the lottery or casinos, they quickly lose it.  The secret to the rich staying wealthy is first their mindset and second who they talk to. They either don't seek financial advisor assistance or they completely disregard it.  And really what they have to do is put up a portfolio with some Treasury securities, blue-chip companies, and both commercial and residential real estate, and live off the interest. But they never do it.

I think they also think of it and they have tried some things or businesses to regain the money that they have lost but some of they are not lucky about it. Their spendings are still bigger than what they earn so they end up using most of their wins and eventually all of it will be gone. These people never have that kind of money before so they are only spoiling their selves. I see nothing wrong with that.

What important is they enjoy even if they will ran out of money soon. We can't bring our money in the other world once we unfortunately perish in the real world, so it is still better to use them now as long as you are still healthy and capable of doing a lot of things.

[DaNNy001]

Usually, people who win in gambling but not able to cash out or save their winnings and I think this has something to do with a Healthy mindset.
If you do not have the intention to save the wealth, you will lose all your winnings by risking them again in another gambling bet.

There's this delusional mindset or a believe set from gamblers that they could have more chances of winning bigger amount again after getting a win of some attractive figures. By that, they increase their bets and their risk only to end up losing all they have won back to the casino house. Gamblers do this forgetting that a gambler doesn't get lucky twice immediately after a big win.

Indeed mindset plays a role but it's has much to do with insatiable greed than the latter. Only that person that's satisfied with whatever good amount he has won from gambling can redirect the money in investing into others areas that would yield profits. So I think a good mindset goes along with satisfaction.

The major thing with gambling is that it is very hard to see a gambler content with his or her winnings as the taste to win more always surface and it's also quite natural as this is all human greed. I know satisfaction while will help out but its hard to see a gambler satisfied with his winning except he has control and he is not greedy then maybe he can divert his winning into an investment. But even if he does that he will certainly play again and there is a big possibility that he might lose one way or another and if that happens the money which he previously won has balanced with the one he recently lost because the losses are certainly going to be more than his winning.

[Gozie51]

There's this delusional mindset or a believe set from gamblers that they could have more chances of winning bigger amount again after getting a win of some attractive figures. By that, they increase their bets and their risk only to end up losing all they have won back to the casino house. Gamblers do this forgetting that a gambler doesn't get lucky twice immediately after a big win.

It is not only about the second chance trier but the increase of the risk and most gamblers are culprit to this. If you win once and you are playing for another game, you have the tendency to increase your bet as a natural instinct of man because you have profit already and the money you win gives you more confidence and hope as you are left with some balance. The unfortunate thing is that like you said, that greed will push someone to keep playing until the last drop of the cash is exhausted. Second chance works sometimes but it is dangerous when you try to win the second time and fail, you may want to continue trying until you are on zero balance.

[Josefjix]

The major thing with gambling is that it is very hard to see a gambler content with his or her winnings as the taste to win more always surface and it's also quite natural as this is all human greed. I know satisfaction while will help out but its hard to see a gambler satisfied with his winning except he has control and he is not greedy then maybe he can divert his winning into an investment. But even if he does that he will certainly play again and there is a big possibility that he might lose one way or another and if that happens the money which he previously won has balanced with the one he recently lost because the losses are certainly going to be more than his winning.

Greed and desperation will only result in losses and addiction. We have the opportunity to witness huge profits if we follow the proper procedure in gambling, we have a healthy mindset to create the action to save money and grow other enterprises outside of gambling, really a challenging time. Gamblers are never satisfied with their earnings; they are always looking for ways to get greater depth of their bets. When dealing with gambling, we must make the decision that we are fully prepared to face down the outcomes of these gambling results.

[BitcoinPanther]

Usually, people who win in gambling but not able to cash out or save their winnings and I think this has something to do with a Healthy mindset.
If you do not have the intention to save the wealth, you will lose all your winnings by risking them again in another gambling bet.

I am more inclined to think that saving winnings is more on money management side.  Since we are talking about funds or money, those who are able to learn good financial management will make the gambler who won huge to keep their funds safe and will look for new investment where they can make their money grow.

Only a mentally strong person who has control over emotions and have money management skills would be the real winner here and will become rich eventually.

The money management skill is one of the key factor in getting rich.  Though I doubt about a regular gambler who is in series of losses can acquire saving from gambling activity, the strong will and great money management can enable them to avoid financial ruins.

[uneng]

Would you like me to tell you why they don't?

A huge number of people on our planet live from paycheck to paycheck, so they do not have money not only to buy blue chips, but also do not have money for their own homes or personal cars. Such people are forced into the trap of today's banking system and become a kind of slave.

Yep, @OP is only looking in his self where he make more money than his monthly spending regardless the country where he live. If he know there are many people are struggling in their life and the problem of why they can be like that, I doubt @OP will able to solve the problem, he might be trapped in the same way like them.

Social gap is still a big matter in every country, the poor have no choice than working for the rich and get paid with minimum or low salary.

Everyone needs some spare time on their daily routine to breathe, think and trace their plans, strategies and goals for their future. The problem is that there is a considerable portion of society that doesn't have time and peace of mind to do that, because they are too busy working, taking care their families and concerned about what they are going to eat next. Therefore, they don't have any plans to save money and invest it for passive income profits.

On the other hand, I'm not sure if we could include gamblers on this category, since they seem to have a lot of spare time and money to maintain their hobby active frequently. So, I don't think they have any excuses to develop the wrong mindset when planning and tracing strategies on what to do with the earned money. Lottery and jackpot winners should be examples of success for every gamblers, rather what we see for real are people wasting won prizes until going totally bankrupt.

I believe in part it's due to an uncontrollable excitment these people feel for having an amount of money on their hands they have never dreamed they could achieve before. So they somehow lose contact with reality and waste everything irrationally.

[Mahanton]

Would you like me to tell you why they don't?

A huge number of people on our planet live from paycheck to paycheck, so they do not have money not only to buy blue chips, but also do not have money for their own homes or personal cars. Such people are forced into the trap of today's banking system and become a kind of slave.

Yep, @OP is only looking in his self where he make more money than his monthly spending regardless the country where he live. If he know there are many people are struggling in their life and the problem of why they can be like that, I doubt @OP will able to solve the problem, he might be trapped in the same way like them.

Social gap is still a big matter in every country, the poor have no choice than working for the rich and get paid with minimum or low salary.

Everyone needs some spare time on their daily routine to breathe, think and trace their plans, strategies and goals for their future. The problem is that there is a considerable portion of society that doesn't have time and peace of mind to do that, because they are too busy working, taking care their families and concerned about what they are going to eat next. Therefore, they don't have any plans to save money and invest it for passive income profits.

On the other hand, I'm not sure if we could include gamblers on this category, since they seem to have a lot of spare time and money to maintain their hobby active frequently. So, I don't think they have any excuses to develop the wrong mindset when planning and tracing strategies on what to do with the earned money. Lottery and jackpot winners should be examples of success for every gamblers, rather what we see for real are people wasting won prizes until going totally bankrupt.

I believe in part it's due to an uncontrollable excitment these people feel for having an amount of money on their hands they have never dreamed they could achieve before. So they somehow lose contact with reality and waste everything irrationally.

Human beings are different on which the way they think and the way they do approach on things then it would really vary. There are ones who would really be having that kind of control but there are ones who are really that impulsive on the sense that they do make out decisions which arent they thinking on how things should be done and sensibly on which they wont really be coming into a point that they would really be spending
carelessly compared into those people who dont really care about their finances. Some might that be able to think up carefully but there are people who do just spend up like a mad man. Lots of people who had been
able to hit up the lottery but ending up on getting broke or become poor again because of mismanagement of their winnings which is really that sad.

Lets see some list:
https://www.gobankingrates.com/net-worth/bankruptcy/lottery-winners-who-lost-millions/

[Slow death]

Besides that, most gamblers out there have a rich mindset. They want to get rich from gambling but can't use it properly after getting a lot of money from gambling. Or perhaps I misunderstood it. If so, I apologize to you.

in most cases what I have seen is that people when they play casino games that are games that depend on luck and they spend many hours playing trying to hit a big multiplier so that they are lucky enough to win a lot of money, but they stay for days, losing weeks, months, with that comes frustration, but even so they continue playing because they still believe that they just need to be lucky to give them a big win, they already lose themselves in how much they already lost and they don't do math that even if they hit one large multiplier will no longer make up for the many losses they have had for a long time.

on the other hand, people who are into sports betting have a big problem, because they need to put a lot of money in a bet if they want to make big profits and they end up losing more than they win, and they also start a cycle in search of recovering the losses, and only succeed increase losses even more, while for people who play cards they are very convinced that they can win easily and with that they always risk putting money that they cannot afford to lose, they are the people who take the most risks

[STT]

If you win the lottery first thing to do is max out all your big dollar items like pay off the house debt.  Max out the pension for your old age.  Pay forward any bills as much as possible so its always covered.  Like for energy you could get a solar panel install done then you know the lights will always be on regardless of the rest of your spending.   
  One rich guy bought a lifetime free plane ticket anywhere he likes in the world.   His risk was the airline would not be around but turns out he spent money in the past to always know he can travel free for every event he needs to attend forever.   That was kind of smart so I would just do that kind of thing as much as possible.      Quite a few things if you are rich its almost easier to stay rich if you cover the costs going forward avoid paying others.   If you really win big, buy a casino or buy your own little place with a jackpot machine then you cant lose I definitely have heard of people doing this and thats smart imo    It means your capital is employed and you are also occupied as more then just a consumer or spender.

[Vaskiy]

Mindsets were just a myth. Everything related to gambling is connected to luck. Some form of gambling is much associated with skills. At times even the skills doesn't bring us winning moment. It is all the luck that favour us when we go for with some random choice. Mindset plays a role when we're gambling. Personally whenever I feel frustrated I do gambling and this leads to loss which is a known fact, but being lucky at the moment have the opposite reaction happening. This even calms down and makes us come out of the frustration.

[LUCKMCFLY]

I believe that from the moment a person decides to enter a casino, they must already have their personality defined and their mentality evident, or at least be prepared to possibly lose money, and if not, then better not try it. Because you are going to be very disappointed, but if you think you are strong enough to accept it, that is the first thing to consider, and keep in mind that any winnings in a casino, sometimes it is better to withdraw early before losing it all. , because that usually happens, and it is a fact that we do not even see it Coming.

My gambling strategy, in sports betting, is very similar to that of trading, and it consists of something very simple, if I make a profit, what I do is withdraw, but not withdraw the money, but rather play the next day, or I don't know, when It suits me well, it doesn't matter if my profits are minimal, what matters here is that I can get something that adds up, it's better to add profits than to obtain losses, I've always said that it will always be to have that at nothing.

Of course, my strategy is very traditional, it is not reckless at all, there are players who continue betting and can even win much more, in my case it does not work because my money is always low, it is not that much, what you always have to have In consideration is that each person has a very different economic situation, those who have more money willing to lose, obviously they are going to risk more, but those who have little money do not, you must be very careful.

[borovichok]

Mindsets were just a myth. Everything related to gambling is connected to luck. Some form of gambling is much associated with skills. At times even the skills doesn't bring us winning moment. It is all the luck that favour us when we go for with some random choice. Mindset plays a role when we're gambling. Personally whenever I feel frustrated I do gambling and this leads to loss which is a known fact, but being lucky at the moment have the opposite reaction happening. This even calms down and makes us come out of the frustration.

The mind regulates almost everything that happens around us; we all know the number of occurrences we can handle and how numerous we wouldn't. Feeling frustrated by losses in the space has just increased our desire in gambling; we should learn to be patient and strategy for alternative B. Saving is only triggered by people who have good critical thinking; they are constantly two steps ahead of their peers; before betting on games, they ensure that they've done their calculated risk management and total possible earnings returns, and they hardly missed out on losses.