Gambling/betting shops vs Investment banks - Do you believe this guy's opinion?

[vs2014]

From these you will find the reality easily because follow the people around you. Those who are rich are keeping money in bank and getting guaranteed profit from it. On the other hand poor people are playing street lottery or gambling to get rich. So the mindset here is to develop how much money you enjoy making. It is well understood that the percentage of money is as per his idea and everyone increases the amount of money in their different ways.

[Dr.Bitcoin_Strange]

From what he said, I agree that most poor people believe that money or wealth is inherited by luck, while the rich always know that they have to invest in order to make more money. A lot of the rich men in the world today didn't make their wealth from gambling winnings; it was through hard work, smart work, discipline, and investment that they managed to create wealth for themselves. They never became rich because they were gamblers. Only a few people were able to use the money they won from gambling to entertain themselves. 

In the city where I live, casinos, betting shops, lotto offices, banks, investment companies, and other big companies are also located here. It is not only in poor neighborhoods that casinos are found.

[CryptoHeadlineNews]

While I tend to agree with what he said about making money generally, i am still trying to find any reason to believe that the emphasis he used is true, that is, I do not believe his opinion about gambling house verses investment banks to be true.

What do you guys think about this?

Erriga has been one Nigerian musician whose songs always passes deep meaning/message to the lifestyle of the common African man in this part of the world, and inasmuch though I may not agree to him 100%, but I still agree to what he said 80%, because it's true and we all know that banks, insurance companies and investment firms are not always found in poor neighborhoods (i.e villages) whereby the majority of people living there are farmers, fishermen, or probably low income earners, as compared to big cities and towns where we have these companies in their large quantities due to the presence of high income earners.

Secondly, he is also right about the ideology both rich men and poor men has about gambling, because while a poor man sees gambling as an avenue which could eradicate his poverty, rich men sees gambling as an avenue where he could have fun.

[goaldigger]

From these you will find the reality easily because follow the people around you. Those who are rich are keeping money in bank and getting guaranteed profit from it. On the other hand poor people are playing street lottery or gambling to get rich. So the mindset here is to develop how much money you enjoy making. It is well understood that the percentage of money is as per his idea and everyone increases the amount of money in their different ways.

There’s also a lot of casino site right now where they target common people as they are more attractive in gambling with a hope of making huge profit and I can say this because mostly in my country, you can see every normal people talks about a gambling site but never talks about the investment. Also, there’s a big gambling syndicate that are into poor people because volume of gamblers are more important for them as they are making more money from them.

[EarnOnVictor]

-snip-
What do you guys think about this?

First, this guy is not that popular compared to many others and it takes those who follow Nigerian music closely to know him. Notwithstanding, he is saying a fact, and it takes you to be living in some neighbourhood to appreciate what some people are saying. It would be very nice to view casinos in the view of Las Vegas and other online platforms where it is well arranged and coordinated rather than in trenches where all hope is almost lost but trying to find the balance in gambling.

As you know, Nigeria is not an encouraging country for many reasons, so a high number of the populace resorts to gambling, but to what end? They lose more, so it can't ever help them. That is why I believe the guy is advocating for investment instead.

The main gist here is that it's certain that most Nigerians who are gambling cannot be gambling for the fun, but certainly for the money, while many will still be doing that in desperation. But this doesn't end well for them, and at the slightest, they can't even improve their lives and that of their family, so looking elsewhere is a very good way to go. And truly, if you know how to work your way around quality investment, you can't compare it with gambling.

[Wexnident]

~

Hmm I'd say it has some truths, but not as a simple black-and-white kind of ideology but rather with how the number of possibilities is greater when you're rich compared to when you're poor.  It isn't anyone's fault, it's just that being rich just gives you THAT much of a space to maneuver around and try to grow yourself. An example is how rich people can literally go into debt to avoid taxes, making them spend less money on expenses they don't need to pay, and afaik, that's only possible because you're rich. You don't exactly see poor people go into debt to avoid taxes lol.

I don't think it's possible even to get rich just from simple investments. You'd definitely need a lot more, like a rich person can probably get rich again with just a single investment due to the amount of money he can invest, but someone with reasonable assets would need 10s, maybe more to equal out with the former.

[_act_]

From what he said, I agree that most poor people believe that money or wealth is inherited by luck, while the rich always know that they have to invest in order to make more money. A lot of the rich men in the world today didn't make their wealth from gambling winnings; it was through hard work, smart work, discipline, and investment that they managed to create wealth for themselves. They never became rich because they were gamblers. Only a few people were able to use the money they won from gambling to entertain themselves. 

Rich people can believe in investment but they should know that luck and opportunity helped them there and make them become rich. There are people that have talent like them but not rich. Lack of exposure is the reason some people are not just rich. Some are not rich because of the environment they are. When they become rich, their thinking of luck and opportunity can reduce but they can not be rich if they do not have luck to be rich in life.

There are lots of people that are not rich and not believe also in gambling. Some people are not rich but still satisfied and hoping for a better tomorrow. Poor people can gamble and be losing and know that gambling can not do them any good. There are many people that invested in their children and get them good education believing that their children can become rich in life and make them leave the condition they are.

[davis196]

I agree with his opinion. Gambling is targeting mostly poor and uneducated people. No bank would bother dealing with poor people, because poor people aren't reliable borrowers and they don't have enough money to make a bank deposit. Why would a bank focus on working with poor people? This doesn't make any sense. A see mostly two types of businesses in the poor neighborhoods-pawn shops and small casinos.
Maybe the pawn shops are replacing the banks, when it comes to providing financial services to the poor, like giving the poor small loans and buying their stuff.

[|MINER|]

I can't fully agree with that person because if you say that gambling shops are only placed on the poor neighbourhood then it will be wrong because all the famous and reknown casino are in those rich countries and cities. And if you talk about the banks Since it is a business organization, these are built around the areas where their profits will be high.

[crwth]

He is entitled on his own opinion, but It is really about how you are going to Help the people in terms of learning about the mindset of having money. Imagine putting gambling shops around a place where it is hard for people without money to come by and then see that and learn that money can be earned easily if you have money to gamble upon and that would be problematic. They can develop addictions that would lead to crimes.

It is really hard To have a concrete solution, but I think it’s better to help the people learn about money instead of just having them. I think that it’s easy to come by or something.

[Fiatless]

First, this guy is not that popular compared to many others and it takes those who follow Nigerian music closely to know him.

Erigga is not popular with you maybe because you don't play his kind of music. Although he is not as popular as a few musicians who have gained international recognition when it comes to indigenous rap music, he is at the top echelon. He raps for the street and the downtrodden in the society.

The main gist here is that it's certain that most Nigerians who are gambling cannot be gambling for the fun, but certainly for the money, while many will still be doing that in desperation. But this doesn't end well for them, and at the slightest, they can't even improve their lives and that of their family, so looking elsewhere is a very good way to go. And truly, if you know how to work your way around quality investment, you can't compare it with gambling.

You are totally on point mate. The hostile economic condition of the country has pushed many people into gambling hoping to make money from bets. However, they fail to know that relying on gambling to improve their lives is believing in uncertainties. It will be better to invest wisely in other viable areas because gambling is not an investment. One might be lucky to win big but this happens sparingly. This is why people shouldn't see gambling as a source of income. Erigga has spoken wisely that the poor should focus on investing instead of depending on luck to secure a better future.

I can't fully agree with that person because if you say that gambling shops are only placed on the poor neighbourhood then it will be wrong because all the famous and reknown casino are in those rich countries and cities. And if you talk about the banks Since it is a business organization, these are built around the areas where their profits will be high.

If you read the original post, the musician just used poor and rich neighborhoods for illustration. His message was that the poor should focus on investment rather than putting all they have in gambling.

[Adbitco]

He is entitled on his own opinion, but It is really about how you are going to Help the people in terms of learning about the mindset of having money. Imagine putting gambling shops around a place where it is hard for people without money to come by and then see that and learn that money can be earned easily if you have money to gamble upon and that would be problematic. They can develop addictions that would lead to crimes.

It is really hard To have a concrete solution, but I think it’s better to help the people learn about money instead of just having them. I think that it’s easy to come by or something.

You know most times people can easily say what is pleasing to them and feels they are saying the right thing however, people lives according to how and where they found themselves. I know even those that are living in worst and penurious areas are still striving themselves to make a change in their names by trying all things life has to offer them and before you could see people going into various things of life to achieve a good living/life then you should know it's really not that easy except luck hit on the fortunate one and even as that they don't care because they thought luck is always there to come.

Some people are seeing millions in gambling but they never felt of self development or other business out from gambling but yet when such people out there you would see them sourcing for the least because they believed that anytime any moment winning gonna come for them, however it takes only a reasonable and responsible gambler to make investment out of gambling where he could sees his investment as a backup to his life even though he doesn't make winning for the duration of 1 year his investment has served him better.

[ethereumhunter]

From these you will find the reality easily because follow the people around you. Those who are rich are keeping money in bank and getting guaranteed profit from it. On the other hand poor people are playing street lottery or gambling to get rich. So the mindset here is to develop how much money you enjoy making. It is well understood that the percentage of money is as per his idea and everyone increases the amount of money in their different ways.

If those poor people knows that they don't have to playing gambling instead savings their money in the bank, they will not feels bad to see their losing money. They will see their money can grow in their bank account although the amount is not increase significantly. At least, they will be happy to see they still have money to fills their daily needs.

It needs awareness not to use gambling to make money, whether that's a rich or poor people so they can savings their money and use it for their own good. Maybe the betting store is available in the poor neighborhood but poor people doesn't have to go to that betting store and thinks how they can use their money for other things. They can search for the works to earn money and not trying to make money from gambling.

[topbitcoin]

I think the argument illustrates the state of his society or the neighborhood he encountered, where poor people there even play gambling to increase their finances, so he talks like that and compares the two facts to find the right answer and the community can take the message he is trying to convey in his argument.

This is not wrong if the social conditions are like that, and it also happens in several neighborhoods in my area, I see poor people gambling more often than rich people, this is not without reason, this is just a dogma that flows in every poor person that he will definitely find great luck in his life in an easy way and one of the easy ways to find luck and potentially get big money is by gambling, things like this will be an illusion for every poor person who has short thinking about building wealth in life.

That's why he compares with the example that rich people get money from investment so that the person he is referring to realizes the importance of investment as a way to get better finances than gambling. IMO

[Lida93]

So guys, I found the below shot In one of my friend's story on WhatsApp, it is a shot of a popular Nigerian musician known as "Erigga - I believe that my Nigerian brothers here will know him well.

He was actually talking about the importance of investing to make money, but in emphasizing this, he talked about gambling houses and betting shops; only being found in Poor neighborhoods, while investment banks, equity firms, asset management firms are only found in rich neighborhoods.

While I tend to agree with what he said about making money generally, i am still trying to find any reason to believe that the emphasis he used is true, that is, I do not believe his opinion about gambling house verses investment banks to be true.

What do you guys think about this?

what I could connote from his message is that which is similar to a common statement in the forum concerning the fact that gambling can never and should never be taking as a source of growing wealth, because it's an activity which outcome is bound around luck and it's a mirage to trust on luck for wealth.

If you want to grow wealth focus on investment assets of which gambling is not one in the numerous list, the problem with poor people is that their poverty has much to do with their mentality about wealth creation. The poor checks for a medium to get wealth quick without much procedures and that is the lie gambling press on them.

[gunhell16]

I am not sure about the Nigerian locations but there are popular places such as Vegas where people come from all over the world irrespective of whether they're rich or poor so every kind of person is into gambling. But I get his point, people who become rich tend to know their priorities which is true, and people who don't know it spend on things they don't really need.

Betting shops or bank locations based on a lot of things not just the neighborhood so it doesn't mean if there is a bank near your house you will become an investor nor if there is a shop near your house you will become a gambler as long as you know what you need to do.

Well, the country of Las Vegas is a place where you cannot live if you are just a poor person. All the people out there are living a vibrant and warm life, as far as I am concerned. Although not all residents of Las Vegas play gambling there, there are some who don't.

Therefore, I also agree with what you say: maybe the majority of residents gamble, and the majority of people in Las Vegas also do not use bank accounts because they cannot fulfill the requirements, and not everyone is capable of being an investor as well.

[Strongkored]

I agree with his statement that investment is important but poor people don't invest not because they don't want to but rather because they don't have enough money to invest, but still the poor and the rich both gamble, that's why you can see there are high rollers and small gamblers.
Whether his statement is true or not depends on how we respond to it, if he sees it in a country that can be said to be relatively poor then it is clear that even more poor people will gamble, but if he sees it or lives in a rich country, of course the rich will gamble more.
Why are there more banks or financial companies in places where rich people are? Security reasons and also because the opportunity for rich people to invest is greater because they already have a large income, while it is difficult for the poor to invest because it is difficult for living expenses alone, but I don't believe that office banks only exist where rich people live because even in poor areas there are still bank offices, that's what happens in my country.

[AVE5]

What do you guys think about this?

You know Erigga has the habit of using proverbs that means something different from what he’s trying to say - I believe he used gambling house and bank here as an example but there’s a possibility that it’s not entirely true. But to majority of us in Nigeria, we would be able to understand what he means when we compare the numbers of gambling shops we have in our poor neighborhoods to banks there and also the number of betting shops vs banks in rich neighborhoods.

So literally it means local gambling shops is an industry surrounded where the poor chases profits while industrious factories and commercial firms are installed in the developed areas for Utilizations.

[avp2306]

I can't fully agree with that person because if you say that gambling shops are only placed on the poor neighbourhood then it will be wrong because all the famous and reknown casino are in those rich countries and cities. And if you talk about the banks Since it is a business organization, these are built around the areas where their profits will be high.

Only small betting shops will be placed on poor neighborhood but those big casinos for sure they will put their establishments on strategic places since they provably like to target those rich guys who's willing to spend their money on their casino.

Although he has a point regarding on statement regarding on poor mindset specially for those small time bettors who rely their luck on gambling to became so rich.

There's still a lot of learnings we can get from his statement so I guess its up to the reader on how they gonna take his massage.

[rodskee]

while it is not true that gambling houses can only find in poor area because trust me gambling houses in my country are located in luxurious places that I know many will also agree .

But about what the Rapper says? i completely believe that gambling is not the place where we can predict our future instead by Investing , count the people who become millionaire in gambling comparing to investors, you will see that its investing is what will bring us to success in life .