I’ve often seen people win phenomenal sums through gambling, yet I’ve noticed that their behavior never changes, as if they play not just for the money but also to satisfy their gambling addiction I don’t say this to offend anyone, but I also hope there are examples of people who have changed their lifestyle after winning and turned to investment
As a gesture of good faith, I would appreciate it if you could share your experience and provide a valuable perspective on managing emotions!!!
If there was a dream lifestyle before the win, we will see the gambling switch towards that dream which in turn will reflect on their behaviour. Behavioural change comes with responsibilities. If after a big win and all the gambler thinks is feeding their addiction then the lifestyle will remain the same, maybe the only noticeable difference might be in their appearance and skin but every other thing might just remain the same.
Emotional management starts even before making any attempt to gamble. Losses and winnings affect our emotions both positively and negatively. Even a win if not well managed can have negative impact, such that a winner might be motivated by their wins to gamble more and there by losing everything.
I agree with you. if one does not have the mindset to invest after making in gambling it is impossible to invest because investment is a longtime plan even before making. so a gambler who just made a big win in gambling without the investment mindset would always put mind and all targets in gambling, believing that money can always be made in gambling at all time. one of the most difficult thing for some people is to manage money made from gambling. no good plans on what to do with the money maybe it seems like a free money.
only someone that has a good understanding about investment would make good opportunity to invest money well that was won from gambling.