It might be easy to condemn gambling and betting but most people see it as a source of making money instantly while predicting right events. However, it is very risky and addictive and you could lose all your earnings to it.
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When people want to make quick money, they resort to gambling.Overtime, individuals tend to look for quicker means of generating income or double their money by staking on series of options available to them on various gambling platform which they feel has high returns and very easy to cash out.
Eventually, most funds are lost during such process due to the inability of individuals to explore numerous investment options available to them such as
Direct Equity, Debt Mutual Fund, Equity mutual Fund, and many more!
The high risk and addictive nature is very bad about gambling. That is why it is much better to invest that money wisely. That requires you to research and learn about investment methods that are worth trying.It might be easy to condemn gambling and betting but most people see it as a source of making money instantly while predicting right events. However, it is very risky and addictive and you could lose all your earnings to it.
This is very true. But how would you advise someone who is deeply involved and addicted to gambling to quit? And what could be the other investment alternatives available ?The high risk and addictive nature is very bad about gambling. That is why it is much better to invest that money wisely. That requires you to research and learn about investment methods that are worth trying.
Some people are addicted to gambling due to their previous failure in business, or lack of business ideas, the dabbled around excuses that what if the business ideas they perceived didn't work out well. These made them to prefer taking a short cut to amass wealth, but failed to understand that the money stake on gambling could vanish in a tickling of an eye. If the gambler had known that their over ambitious attitude over accumulation of wealth would amount to zero gain, they would have used the money for other profitable business that will bring them lifetime earnings.
I ask a lot of people this question too, but later I found the answer to it myself, investments takes time to yield profit but gambling yield immediate profit though the loss is sometimes more than the profit, but I'm sure that's the reason why people still gamble
I think people tend to gamble because of the prospect of earning profits within a very short time. The average human is impatient and would always look forward to earning more money within a short time.Overtime, individuals tend to look for quicker means of generating income or double their money by staking on series of options available to them on various gambling platform which they feel has high returns and very easy to cash out.
Eventually, most funds are lost during such process due to the inability of individuals to explore numerous investment options available to them such as
Direct Equity, Debt Mutual Fund, Equity mutual Fund, and many more!
I don't think most gamblers deliberately go into gambling to lose. It usually becomes an addiction after some time and it is always very difficult to overcome it.Unfortunately, many people have no idea how to invest money and they tend to gamble money and this is why they tend to lose money. There are many people who lose money in the Forex market.
That is just it,because if you cannot come up with a strategy on how to make and create wealth,then you can't get it through gambling,even if you do,the addiction will make you spend it back on gambling.People tend to gamble because if you're lucky, it's a life time opportunity. Personally, I don't encourage gambling. I've seen someone who suffered from stroke because he used all his life savings to gamble at a sport betting. Gambling is also an attribute of excessive greed!
Because people know that investment take much time for one to start making some profit because it doesn't come fast, that is why some prefer to enter into gambling where be making fast money.Maybe because most of us doesn't know how? And where to start. Some wants to try their luck on Gambling because it's faster than investing without any idea where to invest risk may be lower too.
Gambling feeds on the get-rich-quick desires of people and gives them an illusion of earning money with no real hard work. Investment is not really in vogue probably because people are not prepared to learn about what they are investing in, and do not want to be in the hunt for money for the long termOvertime, individuals tend to look for quicker means of generating income or double their money by staking on series of options available to them on various gambling platform which they feel has high returns and very easy to cash out.
Eventually, most funds are lost during such process due to the inability of individuals to explore numerous investment options available to them such as
Direct Equity, Debt Mutual Fund, Equity mutual Fund, and many more!
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