- How Much Did You Lose Gambling Money
- How Much Did You Lose Gambling Without
- What To Do When You Lost Gambling
- How Much Did You Lose Gambling Today
- How Much Did You Lose Gambling Per
- How Much Money Can You Lose Gambling
- That’s one business principle you likely won’t need to explain to FedEx founder Fred Smith. In FedEx's early days, Smith took the company's last $5,000 to a Las Vegas blackjack table after the shipping giant was denied a vital business loan. Had Smith's bet gone awry, FedEx wouldn't have been able to foot a $24,000 fuel bill.
- There is one golden rule to keep in mind when deducting gambling losses on your tax return. You can’t, unfortunately, deduct losses that total more than your winnings. So, if you made $10,000 on gambling last year but lost $12,000, you can only deduct $10,000 in losses (nothing more). This can be a bit of a bummer, but don’t worry.
If there’s any activity that runs counter to everything self improvement stands for, gambling has got to be one of them. There’s way too much rooted into gambling that can really blow up in your face. It seems harmless at first but like a wildfire, it can get real out of control, destroying your financial future, marriage, relationships with others.
Look at the underlying basis of gambling.
How much money did you guys lose sports betting? Let's be honest. Most of his money did not come from gambling like people believe. 01-27-17 07:29 PM #17.
Getting money for doing nothing. Getting money for being of absolutely no service, value, or help to others. Relying on chance instead of your own personal responsibility.
The act itself is rooted in greed.
By constantly gambling, you constantly think – let me try to get something for nothing.
When you lose the money you’re gambling, what do you do?
Ask other people for money.
Another form of getting something for nothing.
When that option runs out, what do gamblers do?
They start stealing to support their gambling addiction.
Another form of getting something for nothing.
And here’s what most people don’t seem to notice about gambling.
The people who gamble because they need money – they lose it.
Why?
Because they’re too emotionally invested.
They’re too attached to the money they’re gambling with.
The people who “win” at gambling are the ones who ALREADY have a ton of money and don’t need the money they’re gambling with and as a result, can be a bit more objective and take more chances liberally.
But even if they win, it plants that seed into their mind that they can get something for nothing and that can start them down a very dark path. You don’t want that kind of thinking constantly going through your head.
How Much Did You Lose Gambling Money
But let’s say you don’t have a ton of money but by some long shot, you win anyways.
You still lose.
Why?
How Much Did You Lose Gambling Without
Because you’ve missed out on the opportunity to BECOME the kind of person who can find a way to serve people and earn that money instead. You miss out on developing the traits of patience, focus, vision, persistence, service, action, etc., and that in it of itself is worth more than any amount of money, to develop yourself to your highest potential.
What To Do When You Lost Gambling
Notice how the lotto winners, the majority of them lose it all because they have NOT become the kind of person who has developed to the point where they can handle the money. They blow it all away. They have no patience, self control, delayed gratification, etc.
How Much Did You Lose Gambling Today
Avoid gambling at all costs, even the little forms such as betting on a game with friends, poker night, scratch off tickets, because it’s so easy to make an exception and start slowly sliding down that hill, taking on more serious forms of gambling, getting a bookie, going to Vegas, etc.
How Much Did You Lose Gambling Per
And if you see ads here on gambling, before you accuse me of hypocrisy, know that it’s just Google Adsense’s algorithm doing its thing. It sees the word gambling a lot in here so it assumes I talk about gambling and displays ads about it.
Avoid the easy way out trap that gambling takes the form of.
How Much Money Can You Lose Gambling
No matter what, you will always lose in the long run, even if you win.