If the 'Big One' hit today, would your Monday morning look different?

[Yaunfitda]

Money can change alot of things around us, and such huge amount of money is life changing not talk if just changing your plans for the Monday infact the plans for the whole year will change alot will happen within that period of time, unexpected winning can really be exciting especially when you already have plans on ground.

It might not be for the whole year, but for the rest of your life if you win that big. As if it is going to be a life changing. But the question is for gamblers, if ever we win that kind of money, let's say a lottery win, how are you going to take it? Because there are individuals that are very excited and once they got that windfall, they don't know what to do with that money. And the worst is that they are going to lose in just short amount of time. So it's different if you wish to win big, and then what you are going to do with that kind of money. Hopefully if anyone here got lucky with it, they will be intelligent enough to diversify and invest their winning instead of living a lifestyle that might not last that long and it will just give you such comfort for a couple of years.

[Agbe]

The best time to exit is always when you win or make profit but for a lot of gamblers they only end up gambling more until everything they won would be completely lost. This happens a lot of times as a result of being overly greedy and indisciplined. A gambler might say that they would quit after winning a particular amount but right after they have won they still end up going back to gambling again this is a lack of self control.

[Smartprofit]

For some reason, I remembered a joke. 🙋

A tailor once said, "If I became king, I'd be richer than any king!" People asked him, "How can that be? You're telling us something strange..." The tailor replied, "Well, if I became king, I'd also be sewing custom dresses in the evenings. I'd earn extra income."

I told this joke because if I unexpectedly won a $1,000,000 prize, I most likely wouldn't stop gambling. I'd continue "sewing custom dresses in the evenings" (that is, I'd continue gambling for fun). And I'd feel richer than any king. 🙂

[sompitonov]

For some reason, I remembered a joke. 🙋

A tailor once said, "If I became king, I'd be richer than any king!" People asked him, "How can that be? You're telling us something strange..." The tailor replied, "Well, if I became king, I'd also be sewing custom dresses in the evenings. I'd earn extra income."

I told this joke because if I unexpectedly won a $1,000,000 prize, I most likely wouldn't stop gambling. I'd continue "sewing custom dresses in the evenings" (that is, I'd continue gambling for fun). And I'd feel richer than any king. 🙂

It's a pretty good joke, but as for gambling, even with $1 million, continuing to play for fun is extremely dangerous because the money can slowly melt away before our eyes, triggering a mental mechanism that constantly dictates that we win back our losses, doing so with greater force and higher bets each time. I honestly haven't thought about what I'd do at that point, but I probably set aside $20,000 to simply gamble and even let myself lose it all, but not easily, with proper money management, doing it slowly and carefully.

[Kelward]

Because of the irresponsible spendings of big winners in gambling and people that unexpectedly came into very big amount of money either as gifts or inheritance that missused it, I have made mental plans of what to do with different huge amounts if I were to own them unexpectedly. I realized that the major reason why big winners missuse their wins or uses it to gamble until they lose everything is because they didn't have any plans of what they can do with such huge amounts. I have casually made mental calculations of what I can do with $20,000 to $1,000,000 if anything within that range enters my hands I won't miss manage it. Although I don't think that I can get rich through gambling because I'm a small time gambler  

[mcdouglasx]

I, for example, would make the most of every penny. I don't think I'd go crazy spending on excessive purchases or betting large sums of money if I won a big prize. The first thing I would do is invest in different businesses to diversify my funds. And I'm not saying I'd stop betting altogether, but I would do it responsibly.

[Satofan44]

To answer the question in the title, No it would not and for most people it would not. Those that believe that these is this magic thing called "life changing money" where you suddenly become happy and everything in your life starts working out, are clueless, naive idiots who were relatively poor most of their lives. Once you have significant money, you start to have problems that you couldn't imagine before from all aspects of your life and every conceivable relationship. One of the reasons why rich people hang out with other rich people is not because of a higher likelihood of having common topics, it is because it avoids problems that come from relative inequalities -- where you are more wealthy than most people that you know.

If you want to be happy and peaceful, you have to make this happen yourself. This can not be accomplished with external things, especially not material things such as money. Whether you won $1 million, $100 million or even $1 billion, once the initial buzz and craziness is gone (which can last, days, weeks, even months or years for some people who are really stupid) then you will go back to your previous depression or get even depressed more (if you went on a really long spending and being stupid spree).

I want to hear from the veterans, the whales, and the grinders.
What keeps you in the game, and what is your exit strategy?

This kind of topic setup does not make sense though. We often tell people here that they should be playing for fun, so why would you ask what keeps one in the game? If people are gambling solely for entertainment, and they are being truthful about it, why would they need an exist strategy? If you win big, you continue playing for fun as you used to -- preferably with the same amounts. Where it gets risky is those people who lie to themselves and others that they are playing for fun, but they actually are not -- those may be in trouble after a big win. They should definitely make a complete exit if the win is significant enough.

[batang_bitcoin]

For some reason, I remembered a joke. 🙋

A tailor once said, "If I became king, I'd be richer than any king!" People asked him, "How can that be? You're telling us something strange..." The tailor replied, "Well, if I became king, I'd also be sewing custom dresses in the evenings. I'd earn extra income."

I told this joke because if I unexpectedly won a $1,000,000 prize, I most likely wouldn't stop gambling. I'd continue "sewing custom dresses in the evenings" (that is, I'd continue gambling for fun). And I'd feel richer than any king. 🙂

I understood it differently because if you'll continue to gamble. It's not that you'll be the same as the tailor of probably earning more at night. Because the chance of losing what you've earned from being a king is very big even if you do it for fun. But I guess I am missing the point that you have budgeted it and every lose that you make is very calculated and that's why it won't make you a poor king after all. Well, that's a good joke in there but there's a reality if someone analyzes it.

[lionheart78]

I, for example, would make the most of every penny. I don't think I'd go crazy spending on excessive purchases or betting large sums of money if I won a big prize. The first thing I would do is invest in different businesses to diversify my funds. And I'm not saying I'd stop betting altogether, but I would do it responsibly.

This is a wise move!  To spend the winnings to set up a venture that can generate more money. But I bet it won't be easy.  Setting up a different business requires a huge amount of time.  We have to study the all around of the business, and there is always this "testing the water" period. So, many advice to go with the business venture we are in most familiar with or the one we have a passion.  This way we can easily understand things around this business.,

And if we are too lazy for this learning a business things, then we can just spend our winnings to spend on Bitcoin investment.  We just need to wait every cycle to harvest profit.  This way we will have lots of time to venture on another investment or business.

[Cityhunter34]

Well, this is not the first time I'm seeing such question I think this is making it the third  time or so. However, I'm going to stick to what I said earlier that the fun I have from the game is what keeps me pushing till now. Although I'm not going to say that I don't expect wining of course I do but not all the time because gambling would be very boring if there's no win because the wining is what makes the game to look more interesting and fun especially to those that are only interested in the wining. So I must say that the main reason why I'm still here is due to the fun I have while playing it.

Despite gambling for fun we all want to win, but for the fact that luck plays a significant role in determining the final outcome that is why we are going for the fun because most times we often experience many losses due to starting with the mindset of doubling your money overnight, which we all know that the game is program for the house to benefit more than the gamblers. So of course, the fun and entertainment is absolutely the reason why we keeping on putting ourselves in the game because already losing is part of the game so the best way is just to gamble with the amount that wouldn't affect you.

[Smartprofit]

For some reason, I remembered a joke. 🙋

A tailor once said, "If I became king, I'd be richer than any king!" People asked him, "How can that be? You're telling us something strange..." The tailor replied, "Well, if I became king, I'd also be sewing custom dresses in the evenings. I'd earn extra income."

I told this joke because if I unexpectedly won a $1,000,000 prize, I most likely wouldn't stop gambling. I'd continue "sewing custom dresses in the evenings" (that is, I'd continue gambling for fun). And I'd feel richer than any king. 🙂

It's a pretty good joke, but as for gambling, even with $1 million, continuing to play for fun is extremely dangerous because the money can slowly melt away before our eyes, triggering a mental mechanism that constantly dictates that we win back our losses, doing so with greater force and higher bets each time. I honestly haven't thought about what I'd do at that point, but I probably set aside $20,000 to simply gamble and even let myself lose it all, but not easily, with proper money management, doing it slowly and carefully.

$1,000,000 is a huge sum. 🙋

If you split it into three parts and invest in Bitcoin, gold/silver, and bonds, your capital will likely not decrease over time. I'm even sure you'll earn income from the interest on the bonds and from the appreciation of other assets. A decline in the price of one asset will be offset by an increase in the price of another. 💸

$1,000,000 will give you the opportunity to create a very interesting lifestyle (travel, meet new people, and start new projects). Gambling can also become part of this new, exciting lifestyle. For example, you could visit all the famous offline casinos in Asia, Europe, and the US. It would be an incredibly interesting experience! You could also focus more on watching sports and, consequently, betting on them. ⛹️ Of course, you need to gamble consciously.

[ScamViruS]

~~`

It might change your lifestyle maybe not instantly but if you are smart and you invested the money into assets that generates passive income for you, gradually you can start living your dream life of luxury. The reason some lucky people fall back to poverty is because once they receive the money, they go straight to buying luxury liability and not commodity.  When they finally exhausted all the money, they won't have any stream of income again unless they start gambling again.

Winning big from gambling actually affects gamblers emotionally, which leads gamblers to make wrong decisions and become interested in buying luxury items. Investing in the right place not only keeps your money safe but also allows you to earn a larger amount from it. Therefore, gamblers must think about having multiple sources of earning their money which will prevent them from becoming addicted to gambling. The chance to win big from gambling may come once in a lifetime, so this opportunity should be used to change your life. And when someone invests their money correctly and earns enough, it is natural for their lifestyle to change.