Comments on: Gambling My Way to Financial Freedom

By: Jewelsmom

Jewelsmom — Wed, 09 Feb 2011 03:35:09 +0000

When the casino workers know your first name without looking at your player’s card…you’ve become a regular. That to me is indication of a problem gambler.

By: toddriffic

toddriffic — Tue, 06 Oct 2009 21:00:08 +0000

When I read the title, I thought this was going to be a story about how gambling can become a source of income. In fact, I have a friend who recently graduated Law School and he’s having trouble finding a job. Instead, he’s making about $2500 a day and has already paid back a good percent of his student loans.

While I don’t recommend this for anyone (in fact I warned him this isn’t intelligent at all…) I do like the actual idea this post has. If you gamble, don’t let it take control. Make a budget (like you would for a vacation) and stick to it. If you lose it all…quit. It’s that simple.

By: Robert

Robert — Fri, 18 Sep 2009 19:18:29 +0000

Put a little money on the horses–that’ll get you out of debt.

By: Wilson Pon

Wilson Pon — Fri, 18 Sep 2009 05:09:04 +0000

David, my friends always said that we will lose 9 out of 10 gambling games. In this case, I didn’t have any interested on the gambling stuff at all…

By: basicmoneytips

basicmoneytips — Thu, 17 Sep 2009 11:36:29 +0000

Good article. I agree in principle what you are saying here. Living responsibly does not mean denying yourself of every little freedom. Personally I am not a gambler – I just don’t get a thrill out of it. However, I do visit the coffee shop across from my office 2-3 times a week. I get the basic coffee, nothing fancy. It is $1.50 per visit. I know coffee is overpriced at those stores, but I love coffee, and it is an expense I am willing to afford myself. Plus, I have gotten to know the owner over the past couple of years, and I admire those who are small business owners.

By: Jen

Jen — Wed, 16 Sep 2009 06:18:28 +0000

I am by nature a very cautious person, so gambling for me is a big no-no. I do enjoy the slot machines however, as they don’t require much cash, and are pretty safe when compared to the other casino games. I think gambling is fine as long as you know when to cut your losses.

By: David@DINKS Finance

David@DINKS Finance — Wed, 16 Sep 2009 04:56:29 +0000

I love it. I love playing blackjack, but only for entertainment. I know that each time I make a $1 bet I’m losing something like .01 but it’s for entertainment.

I won’t delve into this (as I’m sure you won’t or you already would have) but poker can be an investment. I have played many, many, many hands in my short 5 years of playing (I’m 21) but I am up over $3,000 lifetime. I enjoy it and I love gaining more knowledge and skill, plus I know the harder I work at it the better my ROI will be.

If you search Poker ROI on google you could spend a lifetime sifting through the articles.

By: kenyantykoon

kenyantykoon — Wed, 16 Sep 2009 04:34:19 +0000

you got me. i see what you mean

By: Mark Wolfinger

Mark Wolfinger — Wed, 16 Sep 2009 02:40:38 +0000

It’s ‘gambling’ when you don’t understand the game.

Card counting makes blackjack a profitable game. But, the casinos are aware and stop card counters from playing.

Investing is similar. Too many gamble by not understanding what’s important.

By: Jason

Jason — Wed, 16 Sep 2009 01:52:08 +0000

I love gambling and with the right mindset and intelligence, you can turn it into a great money generating activity. Most people lose though, which is good for people like me because there’s more for me.

It’s not entertainment, it’s a business opportunity for some.