Bankroll management, or money management, is crucial in life. Once we have income, we must be able to manage our finances effectively. Without proper money management, our earnings can be wasted haphazardly, with no idea where they're going. I was initially like this, spending my earnings recklessly without thinking twice, and I regretted it because it could quickly disappear on trivial matters.

One example is gambling. Money management is crucial. Without proper management, we might continue to spend money on gambling, chasing wins. However, proper money management can help us maintain control, but I believe self-control is paramount. Self-control, therefore, is a key component of financial or bankroll management.