Healthy mindset to save earnings from gambling

[Slow death]

Over the years and through the various cases I've seen on TV, I've come to the conclusion that when lottery winners buy tickets they don't count on the fact that they're going to win someday, that's why when most people win a lot of money in the lottery they don't have any plans of what they will do with the money, soon they spend it on meaningless things and end up going bankrupt early, and since they were already very poor people, they don't care about being poor again, while for cases of people who play card games , or sports betting they have no idea what to do with the money they won, of course there are many cases of people who consider themselves gurus of blackjack and other card games

that when they're winning a lot they don't stop playing because they're very self-confident and they're playing thinking they're not going to lose money and with that they lose everything and are removed by the casino security guards, and when they play on the internet they also only stop playing when they lose everything. It's a very sad situation, in the case of sports bettors, many guys with experience don't even bet much anymore, they keep giving tips and making money with their social networks, and it's a fact that you don't earn money with gambling consistently, and they are also few people who know how to manage money when they play

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[bittraffic]

There have been many lottery winners who got millions in their hands but go broke after years. They party and give away their money as well to please some friends. These people are pleasers and did care what others are saying about them so they were naively vulnerable. For them, it's easy to spend the money that they also got by winning a jackpot.

They learned the hard way about people with so much money have tons of friends but are also unimportant when they have no money.

Close friends are victims of disastrous pondering; we spend our money to reap enormous earnings, but the opposite is always evident. A healthy mindset will keep us from squandering money on unimportant budgets. Perhaps there are categories of people who hit the Lotto and received enormous rewards from the system; they spend the money impulsively because they did not have to suffer or work for it; in their current state, they have nothing to offer other than chitchat about the extravagant lifestyle they lived when they were earning massive returns from gambling. We all have a tale to tell.

Easy money is spent easily as well. Some lottery winners even think they can win again like they have all the luck.

No one advised them to set aside some money for investment I guess but when they start living like a millionaire all the people around them are just taking advantage of them. Partying with them all the time. That's the problem when someone got a huge amount of money with no plans after that and no reason to save some for the future.

[AbuBhakar]

Easy money is spent easily as well. Some lottery winners even think they can win again like they have all the luck.

No one advised them to set aside some money for investment I guess but when they start living like a millionaire all the people around them are just taking advantage of them. Partying with them all the time. That's the problem when someone got a huge amount of money with no plans after that and no reason to save some for the future.

Betting again is not the most common problem being encountered by lottery player because ticket price is too small for them to lose all their prize on game that is being draw once a week or once a day if we consider different type of lotto. The majority of lotto winners lose their money by buying unecessary things and giving away too much to their neighborhood.

Only few of them manage to maintain their wealth by putting the money on business.

[Casdinyard]

Yeah right. Right mindset will get you far. But do you know what will get you even further? Actuating upon that right mindset. And what does that require? actually doing the stuff that you dream of. I see a lot of people preach about hustle culture in here and talk about how to save your earnings from gambling like it's some form of profit venture even though it shouldn't be in the first place. The fact of the matter is, all gamblers, well except those who have made it a form of living and only cause they were fucking good at it too, eventually lose all their money because gambling is a net-loss venture. You don't come into the industry with a head up high like you're some sort of used car salesman thinking you could cheat the system and win. You come in here to have fun and with full expectation that you'd lose, and that's alright.

People who see this venture as a way to get more money are fools I tell you that. No matter how much "sigma grindset youtube content" you eat up.

[molsewid]

Betting again is not the most common problem being encountered by lottery player because ticket price is too small for them to lose all their prize on game that is being draw once a week or once a day if we consider different type of lotto. The majority of lotto winners lose their money by buying unecessary things and giving away too much to their neighborhood.

Only few of them manage to maintain their wealth by putting the money on business.

The most problem here in us by lotto winners is they bought luxury items such as cars, bags, jewerly and so on. They keep on partying and spend a lot of time in casino even tho they are not  familiar with it, their pride costs them a lot , to honest pride is one of the reason why many of them losses too much rather than putting it in business or something.I think every lottery owner should have atleast a basic tutorial how to manage money.

[Gozie51]

Greed is what I guess causes lottery winners to get broke after hitting the jackpot. Addiction is a major problem as it plays a major role in a gamblers spending rate. Sometimes these lottery winners might have good plans for their wins when it comes but after hitting the jackpot,they become excited and thinks that they will be lucky again to win big and wouldn't have plans towards investing the money. Instead they will go back and keep on playing till the money gets dried up due to lack of self control.

Mismanagement of funds also contribute to what you are saying. I don't know if this lifestyle is known with all gamblers or just the chronic addicts and that kind of attitude of not holding tight to winning money is why gamblers have been said not to be taken as serious people. Not planning with the rewards from the proceed of the bet means planning to fail and that explains why they say if you don't suffer to make money then you won't value the money but I take exception to that because I feel some gamblers are becoming wiser.

[Cling18]

Greed is what I guess causes lottery winners to get broke after hitting the jackpot. Addiction is a major problem as it plays a major role in a gamblers spending rate. Sometimes these lottery winners might have good plans for their wins when it comes but after hitting the jackpot,they become excited and thinks that they will be lucky again to win big and wouldn't have plans towards investing the money. Instead they will go back and keep on playing till the money gets dried up due to lack of self control.

Mismanagement of funds also contribute to what you are saying. I don't know if this lifestyle is known with all gamblers or just the chronic addicts and that kind of attitude of not holding tight to winning money is why gamblers have been said not to be taken as serious people. Not planning with the rewards from the proceed of the bet means planning to fail and that explains why they say if you don't suffer to make money then you won't value the money but I take exception to that because I feel some gamblers are becoming wiser.

Some gamblers become too uncontented with their gambling winnings that they usually bet more using their winning prizes believing that they could have more winnings again. This happens if a gambler becomes ungrateful and greedy he wants to make more bets because of having false hopes.
We should keep in mind that we couldn't always get lucky in gambling so once we generate a good winning profit, we better save it and as much as possible we shouldn't risk it again or else we might lose everything and we'll only be chasing our losses in the end.
This is the reason why many gamblers are falling into gambling addiction because of this habit. If this keeps on repeating, then we will only have a hard time controlling our urges to gamble because of having the wrong mindset.

[QueenVera]

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.

This basically isn't just in the gambling industry  alone, because it takes a mentally stable individual with a good money management skills to be able to succeed in life generally.
I will always say that people should rather work on their greed and contentment level and it is also true that money, wealth and power is never satisfactory but we should always get to know when to stop and when to play and we should.also learn to appreciate every win as a win rather than wanting to make millions from  bets made in hundreds.
Greed and contentment  are two great factors that shoukd be considered when we want to make positive growth while gambling.

[Casdinyard]

Over the years and through the various cases I've seen on TV, I've come to the conclusion that when lottery winners buy tickets they don't count on the fact that they're going to win someday, that's why when most people win a lot of money in the lottery they don't have any plans of what they will do with the money, soon they spend it on meaningless things and end up going bankrupt early, and since they were already very poor people, they don't care about being poor again, while for cases of people who play card games , or sports betting they have no idea what to do with the money they won, of course there are many cases of people who consider themselves gurus of blackjack and other card games

that when they're winning a lot they don't stop playing because they're very self-confident and they're playing thinking they're not going to lose money and with that they lose everything and are removed by the casino security guards, and when they play on the internet they also only stop playing when they lose everything. It's a very sad situation, in the case of sports bettors, many guys with experience don't even bet much anymore, they keep giving tips and making money with their social networks, and it's a fact that you don't earn money with gambling consistently, and they are also few people who know how to manage money when they play

It's not about them anticipating that they won't win anyway, cause if that was the case then lottery is going to be a dead game. It was all about the fundamental aspects of earning and saving money which most people who win lotteries don't have since a lot of them grew to poverty, and as we all know when you're poor you're not really in the position to learn how to save money especially if there's no money to be saved in the first place. Although I would agree with your idea of them not being afraid of getting into poverty again thinking either "I've been poor once so this is nothing new" or "I've been poor once and rich too, I now know what to do to get back to being rich" without really having any idea on how to be rich.

That's the sad fact about winning the lottery. You get the tools but you don't know how to use them. You get the leverage you need to win at life but you'd waste it away cause all you see money for is spending. Having a rich man's mindset is important, cause whether you're poor or not if you know how to be rich you will get rich.

[Yatsan]

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.

This basically isn't just in the gambling industry  alone, because it takes a mentally stable individual with a good money management skills to be able to succeed in life generally.
I will always say that people should rather work on their greed and contentment level and it is also true that money, wealth and power is never satisfactory but we should always get to know when to stop and when to play and we should.also learn to appreciate every win as a win rather than wanting to make millions from  bets made in hundreds.
Greed and contentment  are two great factors that shoukd be considered when we want to make positive growth while gambling.

Ofcourse we all know what to do but not all people has the capacity to do so. No matter how we wish to continue what we are doing. If you have huge winnings in gambling, for sure it would be hard to wait 'coz there will always be that drive to earn more. Once you have that experience to win, greed is more likely to take place the next time you play. A Mindset that you have a huge bankroll would push you to play more. Ofcourse what is ideal is to save some of the amount for security purposes, of your winnings. What's best is to know how to set limits with the amount you can afford to gamble and lose. Money is just a powerful concept which pushes people to go against what's planned.

[Aikidoka]

I agree. Mindset is very important when it comes to gambling such as thinking wisely and cashing out your winnings instead of making riskier bets after a huge win.

Personally, I have a rule that when I get lucky once, I should take that opportunity to quit and not gamble on my luck again. It might be a day of pure luck for me, but I choose not to risk it further. I'm not the type of person who gets greedy and thinks that if I win once, it's not enough for the day!

[klidex]

It is very difficult to apply a healthy mindset to control yourself not to spend your winnings again on gambling because even if you use $ 1000 and get a $ 5000 win the next day he will come again to gamble with $ 1000 after that he loses and the next day he comes back with the same amount and loses again and so on.
Unless this win results from the lottery and the amount is very large, maybe after that gamblers can try to think of positive things to get other income from gambling or opening a business with the lottery winnings.
But all of that comes back to each one because everyone has different thoughts.

[Odusko]

One attribute that gamblers should develop is to try as much as possible to always take a break whenever there is a big winning and to avoid chasing a particular direction like if you want to chase losses or keep chasing the winning.
Sometimes most of the winners instead of cashing out their winnings and taking a long break from gambling end up recycling the winning and at some point, they lose everything in the process.

The best thing to do is to set a time and limitation that can guide you whenever the event happens, because most records and history have shown how gamblers who do not cash out lose their money in the long run.

[SamReomo]

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.

I don't think that they have anything with a healthy mindset, but a unhealthy mindset because people with unhealthy mindset often tend up losing the all won money. Those people basically think that they will be able to multiply their earnings many more times and as a result they will be rich. However, in reality those people are the losers because after doing many bets in gambling they will end up losing everything they have ever won from previous bets.

It's true that a person who is mentally strong can earn and withdraw money many times from gambling sites because such people know their limits and they also know that they can't be lucky all of the times. Those people will always take their initial investment back and then do more bets with the money that they have earned from betting. I also believe that such people are mentally strong because someone who can control his/her emotions very well is considered as a mentally fit person.

[Lanatsa]

There have been many lottery winners who got millions in their hands but go broke after years. They party and give away their money as well to please some friends. These people are pleasers and did care what others are saying about them so they were naively vulnerable. For them, it's easy to spend the money that they also got by winning a jackpot.

They learned the hard way about people with so much money have tons of friends but are also unimportant when they have no money.

Close friends are victims of disastrous pondering; we spend our money to reap enormous earnings, but the opposite is always evident. A healthy mindset will keep us from squandering money on unimportant budgets. Perhaps there are categories of people who hit the Lotto and received enormous rewards from the system; they spend the money impulsively because they did not have to suffer or work for it; in their current state, they have nothing to offer other than chitchat about the extravagant lifestyle they lived when they were earning massive returns from gambling. We all have a tale to tell.

Easy money is spent easily as well. Some lottery winners even think they can win again like they have all the luck.

No one advised them to set aside some money for investment I guess but when they start living like a millionaire all the people around them are just taking advantage of them. Partying with them all the time. That's the problem when someone got a huge amount of money with no plans after that and no reason to save some for the future.

One of the main things on which gambler would really be having in their minds about on spending up money more so that they could be having the chance on earning more but since we know that the fact about

gambling that luck isnt always on our side on which means that those winning you do have earlier would really be just given back into the casino once again if you would really be tending to play even more.
This is the sole reason on why gambling industry is really that so big and something that profitable its just because of this common behavior of gamblers when it comes to winning and trying to play
once again just because they cant really just able to control their greed. The main thing on their mind is that they do get these winnings on easy way then they wouldnt bother on securing it out
but instead they would play even more.

This is why the cycle would continue because of this kind of impression and things in mind on a certain gambler. Earning easy money at the same time it would really be that easy to be spend out back
if you do aim for more wins.

[Johnyz]

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.

Most of the lottery winner are poor people meaning they don't have the knowledge about financial literacy and all they know is to spend the money and that's why most of them become broke again because they are not too prepared for this. In gambling, you are more prone to play more if you don't have the financial budget as well and don't have strategy on how to handle your winnings. If you are able to win some, better to have more savings or convert it to your other investment so by this, that winning can have the chance to make profit again for you.

[Maslate]

Lottery winners before winning do not have any idea that they would ever win. That is the reason they are not prepared to suddenly get rich. When it happens they do not have any plans for the money. That is what I feel might be the reason they lose every penny that they won. I do agree with the healthy mindset you would enjoy gambling. Those who enjoy gambling never think about the loss but are there to enjoy the adrenaline rush. I also agree with your point that most are hooked on gambling.

That is not really a reason my friend because you can always get an advisor for your financial and you can learn from that as well if in case you hit big time in the lottery and in this way, you will avoid such instances and mistakes like getting broke again after a couple of years. Instead, having a correct advisor will help you in the right path and to choose the correct decisions in life so that your wealth will be preserved and will likely go up in the next couple of years.

[DoublerHunter]

I agree. Mindset is very important when it comes to gambling such as thinking wisely and cashing out your winnings instead of making riskier bets after a huge win.

Personally, I have a rule that when I get lucky once, I should take that opportunity to quit and not gamble on my luck again. It might be a day of pure luck for me, but I choose not to risk it further. I'm not the type of person who gets greedy and thinks that if I win once, it's not enough for the day!

^It could also be called, determination for me.
Because in my own opinion, the true winners in the realm of gambling are those who possess mental strength and emotional control, coupled with effective money management skills. We must understand the significance of preserving our winnings and making wise financial decisions, especially in gambling. By exercising discipline and avoiding impulsive risks, they increase our chances of accumulating wealth over time.
Think about it, for me,  it is not solely about winning at gambling, it is about cultivating a mindset that supports long-term financial stability.

[goaldigger]

This boils down to Financial literacy because no matter how much money you have or your winning is, if you don’t know how to spend your finances, you’ll become broke again after years. I’m guilty of this, because I didn’t save that much from my winnings and that’s my mistake during my early years in gambling, now I’m slowly recovering and trying my best to save from any winnings, having this small steps can still be a big help. There’s a lot of stories already about the failure of the lottery winners, I hope many already know how to spend their lottery winnings properly, that’s a huge money but they should control their spending.

[Dr.Bitcoin_Strange]

Of course, the reality for gamblers who cannot save their wins or use them for something more valuable is that they believe they can still make more wins any day, which could even be a bigger one. That gives them the courage not to save up some money that they are gaining from gambling. Another thing is greed, which lures them into having bad emotions that can cause them to chase their losses until they end up losing everything that they have succeeded in winning. "Wisdom is profitable to direct."


Cheers 🥂, Dr.Bitcoin_Strange 👺👺