The list shows you that the dollar bills and coins are not money itself. They only represent money. They’re symbols. Powerful symbols. But only symbols.
This revelation surprised me because for many years I was led to believe that “money was evil” or that “the love of money is the root of all evil”. But as I contemplated, everything I own or have been given to me was done so because money was allocated for these things. If money is so evil then why do we each wish to have lots of it? If the love of money is so wrong then why is there a financial system in place that proves that those you don’t have any suffer the most?
If you find yourself heading in this direction then you may want to back off. Ask a family member or a friend if he will bet with you. But make the stakes nothing more than dessert or cleaning the house. Stay away from using any money at all.
If you do hold on to a credit card, you ought to know that an average interest rate is 20% of your credit bills if you fail to pay up. For example, if you spend $100 on credit and you missed your payment at the end of the month, you’re going to pay an additional $20 on top of your $100. This is not worth it. Pay up on time, at the end of the month. Avoid delayed nightmare.
Now you take your calculator and multiply all top numbers (1x1x1x1x1) equal one (1). Next you multiply all the bottom numbers (56x55x54x53x52). Correctly entered and multiplied you discover the total is 458,377,920. The new fraction becomes 1/458,377,920. This is a 458 million to one chance to win. If you were required to pick the numbers in order just like they are drawn, then these would be the odds against you to win this Pick 5/56 ball lottery game.
Before leaping into a conversation at any gambling forum, take a week or two to observe how the forum operates and the type of users there. Make sure the forum covers the topics you’d like to discuss. Some are dedicated to a particular type of gambling, such as poker, roulette or blackjack. Others cover an array of topics and appeal to all types of gamers. You might find it to be the right forum for you…or you might decide to try the next one instead!
Majority of kids grow up without having knowledge on money management, saving and investing. Hence, these kids when they become adults start buying unnecessary stuff and become financially unstable- they are more like to get into debt. So, it is necessary that your child’s upbringing is done in the right manner, giving right knowledge about money.
Point out your own money rules to your children. Grocery shopping is a great time to do this. Do you wait for something to be on special before you buy it? Do you go for the buy 2 for 1 offers? Do you look at cheaper brands to save money? Do you save the petrol discount docket? Voice what you do, it will help your kids to learn.
I recommend you use a multi-pronged approach. Start by getting help from GA (Gamblers Anonymous) or a good therapist who specializes in addictions. I also recommend that you use MP3’s to help you. Filling your mind with the right messages, as well as distracting it with thoughts other than gambling, will make it easier to quit gambling than just doing it alone.
Go to the bank and get a 100 bill and carry it in your wallet at all times. This is a powerful reminder that you are not broke, while you may desire more, you will always have some if you keep it close to remind you. Now, you have to promise not to break it or if you do in an emergency you must replace it as soon as possible.
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