People who are unable to grow wealth have many habits that put them in the situation they are in.
One of the habit I have identified is gambling. Gambling is putting money or something of financial value at risk on an event with an uncertain outcome. The primary goal of the gambler is to make a profit from the gamble. Usually a gamble takes little time to know the outcome of the gamble.
So why is gambling such a big problem. Firstly, the gambles pays out big sums to the winners. This huge sums are enough to cloud the average person's logical mind. However, the gambling operators fail to tell the gamblers the odds which are stacked against the gambler.
The next reason would be people being over-optimistic. People tend to exaggerate their abilities. The gambler would think he is better than the rest and can beat the operators at their game. However, there is only one infamous MIT Blackjack Team to date.
Studies have shown that even though you gamble as a form recreation, it can still cause addiction. Even with consecutive losses, it reinforces the gambler to persist.
So it is good to identify it and get help if needed.
One of the habit I have identified is gambling. Gambling is putting money or something of financial value at risk on an event with an uncertain outcome. The primary goal of the gambler is to make a profit from the gamble. Usually a gamble takes little time to know the outcome of the gamble.
So why is gambling such a big problem. Firstly, the gambles pays out big sums to the winners. This huge sums are enough to cloud the average person's logical mind. However, the gambling operators fail to tell the gamblers the odds which are stacked against the gambler.
The next reason would be people being over-optimistic. People tend to exaggerate their abilities. The gambler would think he is better than the rest and can beat the operators at their game. However, there is only one infamous MIT Blackjack Team to date.
Studies have shown that even though you gamble as a form recreation, it can still cause addiction. Even with consecutive losses, it reinforces the gambler to persist.
So it is good to identify it and get help if needed.
