Is this even possible?
The first time a friend of mine told me he ran into debt as a result of gambling, I was super disappointed and shocked.
Because why on earth would a 9–5er be gambling? Why on earth would a professional banker, at that, be gambling?
Prior to now, I had thought gambling was something the unemployed were prone to doing; those earning little income or those at the extreme end of the spectrum earning high income but often from illegitimate sources.
I wouldn’t expect someone earning a decent income and who understands the value of money to be engaged in such an activity. However, after hearing from him, I decided to delve deeper and discovered that many people in this category actually engage in gambling.
In simple terms, gambling is the act of wagering money on a game or activity in the hope of gaining more money from it.
Imagine playing a sporty bet with the hope of earning 100x the value you invested in the game.
Isn’t that ridiculous?
Come to think of it, how many of such individuals can boast of eventually becoming successful through this means?
A smart and rational individual understands that protecting the little you have is way better than engaging in an activity that offers a higher chance of losing your money.
While some of you tend to attach gambling with the notion of risk-taking, whereby high risk would lead to high returns, this isn’t the case when it comes to gambling.
To illustrate this point, let me share a paragraph I came across from ‘The Richest Man in Babylon.’
“When a man playeth games, the chances for profit are always against him and always in favor of the gamekeeper. The game is so arranged that it will always favor the gamekeeper. But even if you do secure a huge sum by chance, do money secured in such ways bring permanent value to those who are thus lucky?
It is almost impossible for you to start your success from such a source; wealth that comes quickly goes the same way.
Contrary to common beliefs, a gambling place is somewhere you are less likely to find luck.
Simply because, when it comes to gambling, there is an extremely high tendency to lose your money because the game is designed to favor the game owner. This isn’t you taking a risk; this is merely a lazy man’s hope to find money without having to work for it.
While the possibility of quick gains in gambling may seem tempting, it’s crucial to acknowledge the long-term consequences and inherent risks associated with such endeavors.
Just like my friend, who ran into a substantial heap of debt due to gambling, you are likely to face similar financial challenges if you continue down this path.
What I need you to know is that financial success is rarely achieved through gambling; it requires a strategic and disciplined approach that goes beyond the fleeting hope of a fortunate bet. The reality is that relying on chance is not a sustainable way to build wealth! Instead, it often leads to detrimental consequences, such as mounting debts and financial instability.
True financial freedom comes from discipline, patient efforts, and earning income through sustainable means. It’s essential to cultivate a mindset of delayed gratification, where short-term sacrifices have a higher tendency to lead to long-term gains.
Remember, the path to financial success is a marathon, not a sprint, and wise financial choices contribute to a more secure and fulfilling future.
