Sudden Wealth Syndrome (SWS) In Gambling

[Yatsan]

No idea that it is called of such thing, I only recognized it as greed. Gambling is believed to be a bad thing for the society but why do people still continue engaging into it? Money. The impression of getting rich in an instant is because of money involved. Some are even having thoughts of going all out which is why they tend to be in huge debt. Many rich individuals have gone broke by doing so. Many average people got pulled below. But some wend from lowest to highest and this is what drives most of the gamblers crazy. Many gamblers percieve this industry as an instant or shortcut to being rich. Remember that our intentions affect our actions.

Sudden changes in a person's financials is never a good thing. A poor person who became rich in a very short time will have difficulties to adapt to the new reality. I think it is probably better to get some professional help in a situation like this so you can prepare yourself for the future. Most people don't do that however. They dive into coke&blow&lambo right away and sadly this is the best way lose their newly found wealth. Some people on the other hand become over-cautious with their money and these people never spend any of it... This is not healthy either. What good is money if you are not right in the head?

Some poor people become rich overnight but fall ill and cannot use their wealth. To respond to it, we must have peace when we get something, in any case, to see what's behind what we get. But getting professional help is possible because they can understand and advise us so we don't get confused when we get something better. And for people who succeed in getting money from the lottery, they really have to be able to use their money well so they can make changes in their lives, and they don't have to buy the lottery again because they already have a better source of income.

Professional help would be the best tool. Unfortunately, not all gamblers in such phase has the courage to do so and some are even doubting their condition. It is all in our minds. The way we see things is what we become. Accept how luck plays in gambling.

[cabron]

That's why there are lots of lottery winners who eventually lost everything. Of course, there are some who used their heads wisely.
But there are horrible stories about them after getting their cash, and spending a lot of partying in the neighborhood and the hood took advantage of them asking for money and the guys are also giving away. They were buying luxury cars and living like a king.

Those who used their brains know their friends wouldn't be there if it weren't for what they could get. They know friends don't last if they don't have money.

[348Judah]

Some people who suffered from this syndrome are lottery winners and those who won a huge amount of money from casinos or even investors who made huge profits from trading

Sudden wealth syndrome can be controlled, the first step to doing that is to maintain privacy, there's a level you will get to and win a huge amount of money and then you try to avoid going public with it, the second thing to consider is in the clique we move with, we have to be very careful of friends i gambling, they can lead us astray if we are not careful in whatever thing we are doing while gambling, some people have achieved nothing over years and don't mind you loosing together with them all you had, since they have nothing to miss at the cause, lastly, every opportunity in winning a huge amount of money should be invested and not a time to begin irrelevant celebration to lavish the money with friends, drinks and women.

[BitcoinPanther]

Have you experienced this feeling and what are the steps that you've taken to fight this Sudden Wealth Syndrome (SWS)

I think I slightly feel the Sudden Wealth Syndrome when I happen to have a continuous flows of source of funds during the bounty craze.  Since I am not used in having that much amount of money and the place where I am living is somehow not good in terms of environment.  But it got easily disperese when I started to reconnect myself to my classmates and friends since  my thought were occupied by other things.

Do you think people who have a chance to make a lot of money should be aware of this and do you know what you're going to do if you won a big amount of money?

I think a person must know about this SWS.  Since I already experienced getting  big amount of money, I believe I will be doing good next time.

[rahmad2nd]

Some people who suffered from this syndrome are lottery winners and those who won a huge amount of money from casinos or even investors who made huge profits from trading

Sudden wealth syndrome can be controlled, the first step to doing that is to maintain privacy, there's a level you will get to and win a huge amount of money and then you try to avoid going public with it, the second thing to consider is in the clique we move with, we have to be very careful of friends i gambling, they can lead us astray if we are not careful in whatever thing we are doing while gambling, some people have achieved nothing over years and don't mind you loosing together with them all you had, since they have nothing to miss at the cause, lastly, every opportunity in winning a huge amount of money should be invested and not a time to begin irrelevant celebration to lavish the money with friends, drinks and women.

that's precisely the problem. In most cases, lottery gambling winners, most gamblers do not have a broad intellectual background, although it doesn't have to be specific for each person. Sudden rich syndrome, especially those that occur due to gambling, usually have a different mindset from getting rich quick syndrome through business. because money was obtained by accident, I mean we didn't expect to get the jackpot from the lottery. then the money you get will usually flow faster, which in the end, without realizing it, the winning money has just disappeared.

There are also symptoms of a syndrome that is still related to gambling, that person will increasingly withdraw from the outside environment and will even avoid meeting if it is not needed. effects like this, usually experience excessive anxiety if in fact he will be used by his friends. there are also those who think, they are afraid of being robbed by someone. syndrome like this, has cases that vary depending on how the character of the person himself.
there's also like you said, usually someone who wins the lottery jackpot will celebrate it with his friends, whether it's drinks, women, and all kinds of things. instead of investing, their mindset usually does not lead to such things. however, not all of them are as I said, maybe only a handful of people are able to think sanely, then think about their future whether it's investing or developing their talents and doing business.

[livingfree]

Have you experienced this feeling and what are the steps that you've taken to fight this Sudden Wealth Syndrome (SWS)

Not at all because from the very start, each money that I earn and hold I'm spending it carefully. Thanks to the past experiences that I've been with when I mishandled my finances.

Do you think people who have a chance to make a lot of money should be aware of this

They have to whether you're thinking of winning big someday and not just in gambling, with the way a person handles money like an ordinary person and employee, they need to understand and be aware of this attitude.

do you know what you're going to do if you won a big amount of money?

Yup, I'll scatter it in many investments and will add some of it to my savings.

[OgNasty]

This is very interesting. Thank you for posting. I’ve never heard of sudden wealth syndrome before so I find it fascinating. I’m not one for labeling everything a syndrome or making assumptions about why people’s behavior changes on a large scale, but it is fascinating to read about how money can negatively effect certain individuals.

[goldkingcoiner]

I have my doubts of whether or not Sudden Wealth Syndrome actually exists or whether it is just a thinly veiled excuse for people who make bad financial decisions. I mean, if you win 1 million usd, are you going to spend it all on partying or will you invest that into different investments? The answer should be clear to anyone with a clear mind. Of course there do exist some people who rather than saving or investing the money would rather give it all away. And that is fine as well, as long as they do not complain later. Some people do not care about being rich or having money.

But those kind of people are very rare.

[Gyfts]

I'm familiar with the idea -- didn't realize it was referred as a particular syndrome. Acclimating with a different wealth status includes a range of physiological stressors. It can apply in the reversal direction too -- sudden wealth loss would be accompanied with similar stressors presumably to a worse degree. It's not something most people need to worry about -- having a large increase in wealth that's attributable to a lottery or large market win is extremely rare. The gradual build up of wealth is what 99.9% of people experience.

[Fivestar4everMVP]

Have you experienced this feeling and what are the steps that you've taken to fight this Sudden Wealth Syndrome (SWS)

I have also experienced this in the past as well, and I also experienced it in the days of bounty hunting, I remember 2017, then I was working in a polyethylene company and was earning around $40 to $45 a month, I was also actively participating in bounty hunting on this forum,  luckily for me, I joined a bounty where at the end of the campaign, every one of us was paid coins worth about $5000, I sold my coins and had $4872 dollars, it was the first time ever I had or have had such an amount of money,  I converted that money to my local currency and withdraw to my bank account, it was a lot.

First, I stopped going to work, I tendered my resignation letter about two weeks after.
Secondly, I could not eat well, for like a week or more, I lost appetite for food, all I was just taking were junk foods, mostly soft drinks and snacks, I had no appetite to eat any proper and well prepared food, but in all of this though, I was really happy like each time I see my account balance.
Third, I stopped visiting friends, or hanging out, and I also hardly take calls, since I was seriously avoiding questions like "where are you, are you at home, we not seen you at work, hope all is well" bla bla bla and so on.
After about a month, I decided to learn a business, my supposed boss said the business will take me six month to learn, I agreed and paid for the six months, but after attending for 3 weeks, I lost patients, I felt like I was wasting my time there, I proceeded to start the business with the knowledge I gather in the three weeks I attend the business lesson, needless say this was where my fall began, I don't wanna share the concluding part cus its not too nice.

Do you think people who have a chance to make a lot of money should be aware of this and do you know what you're going to do if you won a big amount of money?

Yeah, people who have a chance to hit it big someday deserve to know or be aware of sudden wealth syndrome, maybe this knowledge will help them put themselves under serious check whenever the wealth comes, this is something that if I had known, I probably wouldn't have made the mistakes I made.

And yeah, I've learnt and right now, I have over come SWS, no matter the kind of money that enters into my hands right now, whether it be a billion dollars, I already have things planned out, and what I will do with that money is already in the plan.

[Agbe]

Sudden Wealth Syndrome SWS anxiety has killed a lot of people that I have heard. There were some gambling that won a big amount of boy and because the over excitement BP rise up and killed them. And I also heard a local chief in my clan. A state Governor game him $7,000 and immediately he saw the money and he fainted and died. Those who have not seen such huge amount of always display different kind of drama.

[goaldigger]

Sudden Wealth Syndrome SWS anxiety has killed a lot of people that I have heard. There were some gambling that won a big amount of boy and because the over excitement BP rise up and killed them. And I also heard a local chief in my clan. A state Governor game him $7,000 and immediately he saw the money and he fainted and died. Those who have not seen such huge amount of always display different kind of drama.

There's also a story like this in my neighborhood, because of so much excitement he experienced severe stroke though he's still doing good right now and slowly recovering. The reaction is normal though after winning the jackpot or huge amount of money, and it will always depend on how you handle the situation and with this you should focus more on your mind over matter. You have to be healthy as well if you're into gambling, don't let your body becomes weak or else your emotion can take over you instantly.

[JoyMarsha]

There is a good chance that the character of the individual will change into someone nasty or full of himself when the sense of sudden wealth syndrome strikes someone who is unprepared for it. He will tend to act disrespectfully due to sudden wealth that has come his way unexpectedly. If care and direction are not taken, he will misuse the sudden wealth.

This is why having a financial mentor is important. A financial mentor will teach you how to control your emotions and resources in case you suddenly come into a lot of money. You will be able to use the funds wisely so that you won't get a lavish lifestyle that won't yield success in your lifespan.

[Johnyz]

Sudden Wealth Syndrome SWS anxiety has killed a lot of people that I have heard. There were some gambling that won a big amount of boy and because the over excitement BP rise up and killed them. And I also heard a local chief in my clan. A state Governor game him $7,000 and immediately he saw the money and he fainted and died. Those who have not seen such huge amount of always display different kind of drama.

There's also a story like this in my neighborhood, because of so much excitement he experienced severe stroke though he's still doing good right now and slowly recovering. The reaction is normal though after winning the jackpot or huge amount of money, and it will always depend on how you handle the situation and with this you should focus more on your mind over matter. You have to be healthy as well if you're into gambling, don't let your body becomes weak or else your emotion can take over you instantly.

Being healthy doesn’t mean you are safe from this Syndrome since winning big doesn’t happen all the time. Yes this is normal scenario to be more happy, increase on your adrenaline because of too much excitement, some are able to control this while some are also suffering from a serious condition. I even experience this when I won in art contest before and seriously, I didn’t know what to do but meditation helps me to focus on the real situation and stop overthinking, I think this can be a big help if you are on this kind of situation.

[Agbe]

Sudden Wealth Syndrome SWS anxiety has killed a lot of people that I have heard. There were some gambling that won a big amount of boy and because the over excitement BP rise up and killed them. And I also heard a local chief in my clan. A state Governor game him $7,000 and immediately he saw the money and he fainted and died. Those who have not seen such huge amount of always display different kind of drama.

There's also a story like this in my neighborhood, because of so much excitement he experienced severe stroke though he's still doing good right now and slowly recovering. The reaction is normal though after winning the jackpot or huge amount of money, and it will always depend on how you handle the situation and with this you should focus more on your mind over matter. You have to be healthy as well if you're into gambling, don't let your body becomes weak or else your emotion can take over you instantly.

According to research "Sudden Wealth Syndrome" kills more faster than poverty. When someone has not seen big amount of money in his life and suddenly see it, eh, the person will have HBP and he will have sleepless nights. That is how the world is and you don't have to blame them because it is cause by poverty and the rich are very happy when such thing they are happy.

[LUCKMCFLY]

Well this is something that I did not know had that definition, but in truth I have experienced that, but not me, because I have never had the Opportunity to have Large sums of money , but a Couple of friends from the university, because they If they discovered all of this before I did , it's just that they didn't share it until much later, which Surprised me a lot, because when I discovered something that was for their good, I gave it to them, and I like that because I like that everyone They are doing well, but when they Started they made between $1M, I had no idea, when they told me that I did not manage to do much, if I made $2k it was a lot, even so when they did Everything , they had that attitude, of isolated, of acting strange.

I Called them on the phone and they didn't tell me, neither did the messages, nor through the social networks, I thought they had gotten Angry with me, I didn't know the reason, but since that's how people are, well, one doesn't think anymore things, However, the only way I could contact them is because I found one and asked him and what when he gave me information, from then on was when I told myself that I had to learn, that's when I started Reading books because in Itnernet had all kinds of information and it is something that I did not trust, there were many Scammers, and well, in these things that have to do with investment, with trading, with projects, with Trading, you have to be very careful.

After I learned a lot of things, especially from trading, I told them not to Invest in an Altcoin because they had a lot of Faith in it, and they didn't listen to me, they told me that they knew more than me, that they knew what they were Doing , and so did I. I told them my reasons but it wasn't enough for them, they didn't listen to me, they both put all their money and ended up losing everything, that was the moment bitcoin fell from $190k to almost $10k, after that Bitcoin kept falling and obviously the alt kept falling too, so Sometimes that kind of Behavior is not good, because it makes you very Stubborn.

[dunfida]

I think it comes natural when you've basically lived your whole life thinking that this is all there is to it, that you'd remain a regular wage employee and you'd have to make ends meet if you want to get the nicer things in life. And then you get hit with the reality of the situation, the desirable reality that all you really need is a good break and you're already set for success. I've felt that too when I got my first massive earning in cryptocurrency. I adjusted quickly but at the same time the identity crisis lingered with me for a good while as I try to make sense of why I think I deserve to earn this much money in a week. It's really common is what I mean to say, it just hits you harder the more money you have looking in front of you.

You would totally find yourself lost in track on what are the things that should supposed to be done or those typical things that you've been doing specially on the time that you do able to experience huge profits or wins then

you would be basically be buying all sorts of things that you do want and would really be having that limitation in hanging out with your friends or would really be that more secretive even with your own family.
The main thing that you would be having in mind is on how to keep those money in safe and would really be away on other peoples awareness specially if this is an amount that you havent experience on holding on your entire life on which you would really be having that kind of boost of emotions that you could buy everything that you do currently have now.  

On the time that you would be experiencing that deplete of money and cant be able to catch up on making it grow or making some profits then this is where you would be starting on panic
because you dont like on getting into the situation on where you are before.This is where new problem would exist or would really happen.

It's not just about that really, cause for all we care when we have the money we definitely know how to spend it. But in my personal case the one I got most troubled with is the fear that perhaps I'm not cut for it, and I only got lucky this time so if I fuck up and fail I won't be able to get back up again. Funnily enough this was disproven back in 2020, literally fell and lost everything in 2019, until the bull run came and helped me get back up my feet. In my opinion the stress this induces is what causes you to relish on these thoughts even more, the fear that you might lose your money one day, the fear that your friends are only there cause you can take me to dinners and drinkouts, the fear that your spouse may have been lying to you about her sincerity cause at the end of the day, you had the money already.

You would really be having that kind of advance approach which i would say that it would really be normal and it is really just that right that there are some actions that would really be correlating out basing up on what

do you think which i can say that it isnt really that bad idea after all.It is really just it turns out that you have done something wrong or really just that severe or too much on that kind of situation. Having those fears and
anxiety about the probabilities of things on which its really that possible but thinking up advanced too much wont really give out that kind of peacefulness deep inside. You would rather be making lots of mistakes on this matter instead on doing the right thing.For a human being when we do able to experience sudden wins and its the first time you do able to held up such amount then you would really be having that kind of thinking that
you should really be isolating yourself into things which could really be able to put you on such situation on which you are really that doubting.

[danherbias07]

Some people who suffered from this syndrome are lottery winners and those who won a huge amount of money from casinos or even investors who made huge profits from trading

What is Sudden Wealth Syndrome (SWS)?

Sudden wealth syndrome (SWS) is a type of distress that afflicts individuals who suddenly come into large sums of money. Becoming suddenly wealthy can cause people to make decisions they might not have otherwise made. Sudden wealth syndrome symptoms include feeling isolated from former friends, feeling guilty about their good fortune, and extreme fear of losing their money.

Many people afflicted with Sudden Wealth Syndrome deal with an identity crisis because they transition from surviving on a meager weekly, fortnightly, or monthly salary to becoming a wealthy and privileged individual.

https://www.investopedia.com/terms/s/suddenwealthsyndrome.asp

I experience this in the glory days of Bounty where in those days you can earn huge money from bounties it's not really a very huge amount of money but enough to change my financial status at that time, the feeling is not good there are a lot of highs and lows and you will start to ask yourself if you deserve it or suddenly everything you wanted are all here and you become isolated, good that I have overcome this feeling when I have it the first thing I did is to talk to my family and list everything that should be done and try not to change my thought even if I have a huge amount of money in front of me.

Have you experienced this feeling and what are the steps that you've taken to fight this Sudden Wealth Syndrome (SWS)

Do you think people who have a chance to make a lot of money should be aware of this and do you know what you're going to do if you won a big amount of money?

First time I heard about this type of illness so thank you OP for sharing it. I didn't even know that it existed.
Also, I appreciate the sharing of your experience into why you have come up with this idea and I think we had the same experience. Very same.
Bounties too in ICO days. It's like a lottery for me, actually better, I did not even buy a ticket, I just used a little time and effort at wearing their signature, helping them boost their sales on social media, advertising it thru other ways, etc...
And then they paid up, tried to calculate how much was it, asked my wife if I am seeing the right numbers, and confirmed it is real. 
After I withdraw it to hard cash, I did not even know what to do but I was thankful I have my wife by my side to support me and be careful about what I will do.
We should not be alone when we receive sudden money, someone we wholly trust must be on our side to help us decide on these things.
It went well and now we have a fully furnished house. Although we are still paying for the mortgage, it's fine as long as we can live under one roof securely.

[dothebeats]

Sudden Wealth Syndrome SWS anxiety has killed a lot of people that I have heard. There were some gambling that won a big amount of boy and because the over excitement BP rise up and killed them. And I also heard a local chief in my clan. A state Governor game him $7,000 and immediately he saw the money and he fainted and died. Those who have not seen such huge amount of always display different kind of drama.

There's also a story like this in my neighborhood, because of so much excitement he experienced severe stroke though he's still doing good right now and slowly recovering. The reaction is normal though after winning the jackpot or huge amount of money, and it will always depend on how you handle the situation and with this you should focus more on your mind over matter. You have to be healthy as well if you're into gambling, don't let your body becomes weak or else your emotion can take over you instantly.

You can’t blame them. I would probably feel the same, or at least can’t contain my excitement since I get that huge amount of money. A lot of people wouldn’t feel chill after solving all of their financial problems in a wink of an eye. A stroke, though, is something that is on the extreme side of things that I think (thankfully) wouldn’t happen to me. Unfortunately, it happens, because sudden success isn’t all too common anywhere.

[AmoreJaz]

Sudden Wealth Syndrome SWS anxiety has killed a lot of people that I have heard. There were some gambling that won a big amount of boy and because the over excitement BP rise up and killed them. And I also heard a local chief in my clan. A state Governor game him $7,000 and immediately he saw the money and he fainted and died. Those who have not seen such huge amount of always display different kind of drama.

There's also a story like this in my neighborhood, because of so much excitement he experienced severe stroke though he's still doing good right now and slowly recovering. The reaction is normal though after winning the jackpot or huge amount of money, and it will always depend on how you handle the situation and with this you should focus more on your mind over matter. You have to be healthy as well if you're into gambling, don't let your body becomes weak or else your emotion can take over you instantly.

You can’t blame them. I would probably feel the same, or at least can’t contain my excitement since I get that huge amount of money. A lot of people wouldn’t feel chill after solving all of their financial problems in a wink of an eye. A stroke, though, is something that is on the extreme side of things that I think (thankfully) wouldn’t happen to me. Unfortunately, it happens, because sudden success isn’t all too common anywhere.

that would only happen, having a stroke, if you are also not healthy. the excitement and adrenaline rush will always be there. but after calming yourself, better lay out your plans how to spend it wisely. because some of these winners can easily go broke after months of spending their winnings, because they forgot to set aside for other investments. no matter how much you won, if you don't know how to handle your finances, you will always go back to square one.