Gamblers Should Have a to Do List In Case Of winning A Huge Amount

[Adbitco]

You know it's good as a gambler to have a plan for themselves but not by having many list to fulfill most times it makes gamblers become so desperately to win the amount they had on their list because I know that whatever they put up on their list must contain series of dollars so if by working on the list they already created for themselves then it would make them gamble uncontrollably making them to become a desperate gambler. It depends though because some people wins millions so for those who are very close winning thousands/ millions of dollars can as well have their plans listed out to enable culture their behavior when the winning shows up later run.

[shivansps]

Betting on Lotto is very popular here in our country. While scrolling on YouTube, I stumbled across a video about people who won the lotto but eventually lost all their fortune quickly through mismanagement or ignorance.

I cannot post the video as it is in our native language, but one of the examples is one guy who loses his millions because of overspending. He realizes all that he wants: luxury cars, houses, and jewelry and spends it on casinos, thinking he can make more money.

Another one is setting up a business that he does not know how to manage, he spends millions on this business venture but eventually folds up, and he loses all his fortune because of mismanagement.

Another winner is he entrusted his winnings to his relatives to claim because he did not know how to read and write and had no valid ID; he only got 20% of his total winnings because his relatives told him because of a deduction in the form of taxes.

With all these examples, do you think it is important for gamblers to have a do list in case they win a huge amount, and what are the first steps they should take?

Will lock this thread after 50 replies or within five days.

I don’t know if it’s worth writing a list of things that need to be done when you win, but the most important thing is to be able to control yourself, because if a person writes 100 points that need to be done after he wins, but does not have the strength in himself, then most likely after he will get a big win, but he will still spend the money not very wisely. Secondly, to win at least once in your life you must be very lucky. There is a high probability of writing a wish list, but never getting to them.
Wisdom to all!

[Fatunad]

Betting on Lotto is very popular here in our country. While scrolling on YouTube, I stumbled across a video about people who won the lotto but eventually lost all their fortune quickly through mismanagement or ignorance.

I cannot post the video as it is in our native language, but one of the examples is one guy who loses his millions because of overspending. He realizes all that he wants: luxury cars, houses, and jewelry and spends it on casinos, thinking he can make more money.

Another one is setting up a business that he does not know how to manage, he spends millions on this business venture but eventually folds up, and he loses all his fortune because of mismanagement.

Another winner is he entrusted his winnings to his relatives to claim because he did not know how to read and write and had no valid ID; he only got 20% of his total winnings because his relatives told him because of a deduction in the form of taxes.

With all these examples, do you think it is important for gamblers to have a do list in case they win a huge amount, and what are the first steps they should take?

Will lock this thread after 50 replies or within five days.

On the moment that you would really be having those huge winnings then the main thing that comes up into your mind is that those money do came from thin air on which it is simply not really that coming from hard work
and this is why you would really be having those thoughts and impressions into your mind that you could really be just that simply be able to earn that back on the moment that you do bet on lottery again. You would be having in mind that you do have tons of money on which you wont really be easily find yourself that getting bankrupt so easily. Yes, you would really be spending like a mad man but we do know that there's no such thing about that unlimited funds on which on the moment that you would really be that careless on dealing up with this then time comes that everything would be losing all.

[Lanatsa]

Betting on Lotto is very popular here in our country. While scrolling on YouTube, I stumbled across a video about people who won the lotto but eventually lost all their fortune quickly through mismanagement or ignorance.

I cannot post the video as it is in our native language, but one of the examples is one guy who loses his millions because of overspending. He realizes all that he wants: luxury cars, houses, and jewelry and spends it on casinos, thinking he can make more money.

Another one is setting up a business that he does not know how to manage, he spends millions on this business venture but eventually folds up, and he loses all his fortune because of mismanagement.

Another winner is he entrusted his winnings to his relatives to claim because he did not know how to read and write and had no valid ID; he only got 20% of his total winnings because his relatives told him because of a deduction in the form of taxes.

With all these examples, do you think it is important for gamblers to have a do list in case they win a huge amount, and what are the first steps they should take?

Will lock this thread after 50 replies or within five days.

On the moment that you would really be having those huge winnings then the main thing that comes up into your mind is that those money do came from thin air on which it is simply not really that coming from hard work
and this is why you would really be having those thoughts and impressions into your mind that you could really be just that simply be able to earn that back on the moment that you do bet on lottery again. You would be having in mind that you do have tons of money on which you wont really be easily find yourself that getting bankrupt so easily. Yes, you would really be spending like a mad man but we do know that there's no such thing about that unlimited funds on which on the moment that you would really be that careless on dealing up with this then time comes that everything would be losing all.

Here in our country on which its a jackpot winner on lottery but ending up on living on the squatters area because of mismanagement of the funds that he had won in lottery which it is really
just that too sad that these people arent that wise when it comes to managing their money. We do know that hitting up lottery or any jackpot in gambling world isnt something that would really be that easy to be happening. This is why it would be ideal that you should really that managing on the moment that it would happen. Dont waste up the chances that you could make money and sustain yourself on upcoming years to come without needing to go back on what you are before. If you are someone whose really that mindful about future things then you would definitely be having this approach.

Regret is always at the end and dont make yourself that having that kind of situation on which you are really that regreting because of the actions that you have made. There's no way that we could
really be getting it back and this is why you should really be taking wise or good decisions about fund management if ever you are on a condition that you are hitting those jackpots.
Be sensible and be wary about on the actions you are taking.

[darkangel11]

Overspending is a huge problem for winners, especially when they chase happiness not knowing what they really want. So they end up buying a house on the beach and another in the mountains to try them both out and spend money maintaining both properties and traveling between them, when in reality they should rent properties in these two places at first to see where they feel better and finally decide to buy one. I wouldn't go as far as having a to do list because that may excite you too much, make you waste your time on thinking about things you may never have. Just focus on paying your debts, setting up a savings account, getting some investments (bitcoin is a great example) and then when you've done all that finally start spending.

[Fortify]

Betting on Lotto is very popular here in our country. While scrolling on YouTube, I stumbled across a video about people who won the lotto but eventually lost all their fortune quickly through mismanagement or ignorance.

I cannot post the video as it is in our native language, but one of the examples is one guy who loses his millions because of overspending. He realizes all that he wants: luxury cars, houses, and jewelry and spends it on casinos, thinking he can make more money.

Another one is setting up a business that he does not know how to manage, he spends millions on this business venture but eventually folds up, and he loses all his fortune because of mismanagement.

Another winner is he entrusted his winnings to his relatives to claim because he did not know how to read and write and had no valid ID; he only got 20% of his total winnings because his relatives told him because of a deduction in the form of taxes.

With all these examples, do you think it is important for gamblers to have a do list in case they win a huge amount, and what are the first steps they should take?

Will lock this thread after 50 replies or within five days.

One thing that would be most important to people who do win big, which is about as likely as being hit by lightning, is best financial practice and how all the core elements of the financial world work. This will allow you to hopefully put a large chunk of your winnings to work and effectively give you a salary, plus grow your overall wealth, year after year. There should definitely be a period of sharing and splurging at the beginning, so it really depends how much we are talking about and how far it can stretch in the places you want to be. If you are talking about a million dollars, it can go very far in certain parts of Asia but will not last you all that long in somewhere like San Francisco - so be prepared to move to maximize it too.

[DarkState]

It is very frustrating for those who lose everything in gambling due to mismanagement or ignorance. Having a to-do list is not only important it is most important things for gamblers. I think the first step they need to take is to be as anonymous as possible. Keep your winnings private. I think gamblers should consult lawyers to resolve tax-related matters.  From my perspective, I think a gambler should take these steps.

[fortunecrypto]

With all these examples, do you think it is important for gamblers to have a do list in case they win a huge amount, and what are the first steps they should take?

Will lock this thread after 50 replies or within five days.

If you do not have a plan then you are not hoping to win the jackpot, having plans means you are being positive but having a plan and a character to implement are two different things, you should be the guy who knows how to stick with the plan and go for it even if there are oppositions or people are criticizing your plan.

When you win the jackpot you should have a strong character that will take over the plan, so the first step should be to learn to take over and have a character to follow the plan.

[Cantsay]

It is very frustrating for those who lose everything in gambling due to mismanagement or ignorance. Having a to-do list is not only important it is most important things for gamblers. I think the first step they need to take is to be as anonymous as possible. Keep your winnings private. I think gamblers should consult lawyers to resolve tax-related matters.  From my perspective, I think a gambler should take these steps.

All these things you mentioned does not help the topic at hand - being anonymous doesn’t not mean the person won’t spend their winnings carelessly and the lawyer will be a bit helpful but if the person decides not to spend lavishly on properties then they won’t need too much help from a lawyer.

Back to the Op, I believe all gamblers should have a top ten things that they should do in the case that they win any huge amount in gambling. Even if they don’t write it or document it they should just have it at the back of their mind that once I’m able to win this amount or more the first thing I’d do is probably save this amount, this skill I have I’ll set up a business for it, I’ll go and complete my training and so on. Stuffs like that would be more better than going for flashy things. This is just my opinion.

[coolcoinz]

I don't think such list is needed. If you can't manage your money, making a lost won't change much because you won't follow it anyway.

People who know they will get overwhelmed by a large amount of money should just get a professional manager to do it for them. An investment banker can take all that weight off your shoulders.

[milewilda]

It is very frustrating for those who lose everything in gambling due to mismanagement or ignorance. Having a to-do list is not only important it is most important things for gamblers. I think the first step they need to take is to be as anonymous as possible. Keep your winnings private. I think gamblers should consult lawyers to resolve tax-related matters.  From my perspective, I think a gambler should take these steps.

All these things you mentioned does not help the topic at hand - being anonymous doesn’t not mean the person won’t spend their winnings carelessly and the lawyer will be a bit helpful but if the person decides not to spend lavishly on properties then they won’t need too much help from a lawyer.

Back to the Op, I believe all gamblers should have a top ten things that they should do in the case that they win any huge amount in gambling. Even if they don’t write it or document it they should just have it at the back of their mind that once I’m able to win this amount or more the first thing I’d do is probably save this amount, this skill I have I’ll set up a business for it, I’ll go and complete my training and so on. Stuffs like that would be more better than going for flashy things. This is just my opinion.

If you are someone whose really that thinking about those better things that could give out that kind of positive benefits in the future then you would really be having this kind of option but for those who dont
care about the future then they wont really be that caring about on the things that would happen ahead. Actually you cant really be able to assure yourself that you would be able to stick into those  things that you have said earlier specially if you are already on the situation on which you are holding that huge amount of money then you might really be that forgetting those things that yo have planned earlier.
Each person would really be that different when it comes to the decisions that they are making into their lives on which there would really be those people who would really be that
mindful and there are ones who dont really care.

People usually be making that priority.

1. Buying a house
2. Car
3. Jewelry
4. Gadgets
5. Shopping spree
6. Travelling

but they do forget on running or building up a business. They would usually be that mindful on the moment that they
are seeing that they do only have that almost nothing left with those winnings or money.

[jossiel]

do you think it is important for gamblers to have a do list in case they win a huge amount

They are wishlists but before having that, I'd wait for the moment of mine to win first a huge amount than to keep my lists ready.

But it depends to the gambler, if we've got some belief that we will manifest those things that we've listed then make that list for your own convenience.

and what are the first steps they should take?

To win, first. 

[acroman08]

do you think it is important for gamblers to have a do list in case they win a huge amount, and what are the first steps they should take?

gambler or not, people should at least have a list of things on what they will do with the money. it's a common thing to have if you value your money and want to save as much as you want.

anyway, if the winning amount is very big(I mean, lotto jackpot big or millions dollars win in gambling) it would be best for them to hire a financial advisor, they'll know the first steps you need to take to secure your money and they'll give you advice how to manage it and how to properly invest it.

[Hatchy]

With all these examples, do you think it is important for gamblers to have a do list in case they win a huge amount, and what are the first steps they should take?

It would be a good idea though as a gambler to sometimes make a to do list or lest just say a plan of how we might spend our winnings. But this shouldn't be done, not until we have won. That because we can't make plans for funds we haven't seen. We might ended not achieving any of the plans because winning is not guaranteed both in gambling and other aspect of anticipation. We just have to get an idea of what we might use the funds to do but never make it a mistake do thing just incase we don't get to see the funds. From your thread, the second guy. It show more reason why we have to be open to research and try our best to learn things out self so others wouldn't play with us or cheat us. Some people are just too wicked. Someone ask for your help and you just cheated them along the way, which isn't fair.

[Sandra_hakeem]

Another one is setting up a business that he does not know how to manage, he spends millions on this business venture but eventually folds up, and he loses all his fortune because of mismanagement.

One of the worst thing to have ever tried was venturing into a business he has no idea about.... Decision making is also a thing; how do invest in a business with knowing the prerequisites on how to maximize profits? You could employ labour, Yes... Without a doubt, but how do you get to know where there's shortage?

Another winner is he entrusted his winnings to his relatives to claim because he did not know how to read and write and had no valid ID; he only got 20% of his total winnings because his relatives told him because of a deduction in the form of taxes.

"Ignorance is bliss, but illiteracy is mindlessness".. in whatever you do, always try to get yourself tutored. Nothing beats the fact that you know a thing to yourself, without needing possible aids to run them.
Having a Do-do list is important!

[Cookdata]

Another one is setting up a business that he does not know how to manage, he spends millions on this business venture but eventually folds up, and he loses all his fortune because of mismanagement.

Another winner is he entrusted his winnings to his relatives to claim because he did not know how to read and write and had no valid ID; he only got 20% of his total winnings because his relatives told him because of a deduction in the form of taxes.

With all these examples, do you think it is important for gamblers to have a do list in case they win a huge amount, and what are the first steps they should take?

Will lock this thread after 50 replies or within five days.

Whether you have money or not, it's not easy to run a business to be a successful one talk more of people that manage it. I just know that noting is certain in biaii until you made it from the that business.

Sometimes gambling money amount is not something you even expect, you just do your bet and become optimistic with the rest, so tye assumption of having something on mind before any other thing even winning the money doesn't make any sense. What if you won something from gambling and you couldn't even make to what is your mind that you are planning to buy, it will look like another money that wouldn't last on you.

What I think is the best in situations like this is converting your total gambling earnings into Bitcoin, this way you are making investment in that you can sell your Bitcoin for something better later on and you get to buy everything you want to buy.

[Wexnident]

~

I'd say it depends on how responsible you are, especially to extreme changes. I'd personally say I don't need it but in the back of my mind, I'm an ass on handling my finance especially when there's a sudden influx of money so yeah, I'd probably want a todo list. It's not to the point that I need to prepare it beforehand but if I do ever win, I can probably take the time to plan out what I'm going to do with the money I got. And again, it depends on a person-to-person basis but personally, I'd invest. Businesses can be extremely money sinks and I have 0 experience with it so why would I do it lol.

But anyway I can't exactly blame these people who floundered on the money they got, it is extremely life-changing after all so I guess they expected everything to run smoothly after that. Not to mention I expect that even if there's a lot of news like these people, there's probably a lot more unreported ones that managed to properly use their money.

[GeorgeJohn]

Everyone has it principles of spending, their no gambler who is interested in spending much of their time and much of thing's  they acquired in gambling extravagantly, thinking above when you have not win in gambling will also bring thing's down for my own principles of understanding the protocols, I know very well, so in gambling we have to understand that what you think might not come in accomplish but understand the procedures of gambling and know exactly what you will do when you win or not in gambling, building of future is one of the most in important thing because sometimes gambling derailed some people not to be focus.

[AliMan]

Firstly, if I'm in this position of a gambler who won that huge amount like for an example thousands of dollars? I preferably take an action plan in which eventually minimizes my gambling activities. Probably, I'll be taking other curriculum like with physical activities that would rather divert gambling as an alternative.
Staying with gambling for a very long time actually drains your financial opportunity, same with other financial abuse that has no proper way of addressing. On that list, it's very important to indicate your budgeting plans and other money spending related task which is not associated to a gambling plan. Most importantly, don't you dare doing gambling again thinking that you'll gonna multiply the funds that you got from Lucky winnings because opportunity comes only once, don't waste it again by losing that money from you.

[Wiwo]

Will lock this thread after 50 replies or within five days.

There is not necessary for any do list or something. What that is important if you win huge amount of money while gambling is to have in mind not to spend more than 1% of the money won on gambling. But some people will think that they can have the luck again and dreaming of winning more huge amount of money but eventually they will lose the money. There are businesses and investment that are not risky but they will just prefer to be earning from gambling which is the cause of the problem. Gambling can make someone that is rich to become poor if the person see gambling as a means of income and not use his money on business or a good investment.

Aside from that fact that many will be carried away to think that they will win more money from their previous winning there by over extending their luck and at the end lose even more, I think also why many gamblers can't have to do list is because pf.the reason that gambling winnings are always unexpected and for that they won't have any plan for the money and will be push to use the money no matter the amount to wastefully gamble more.

Gambling is not like any other business whose outcome and profitability can easily be expected and predictable, where one can have pre plans for what to use the profits for, but gambling is a different ball game entirely and I winnings are nit expected and unplanned for so also is the usages of that rewards.