Just want to preface this by saying that I'm not struggling with a gambling addiction. I do up a budget for every week and give myself a budget between $20-$50 per week for gambling depending on other responsibilities. I also have a work place pension set up and I own stocks in good companies.
However, I just did the math and realized that I've lost just over $1,000 so far this year on gambling - Mostly Sports Betting. This is after a profit of just over $400 last year.
But the real kicker was when I did the math for if I just put $20-50 a week away into low-cost Index Funds and Crypto-Currencies. Way less time-intensive, way less stressful (sans the odd crash here and there) and I can always hold it for years or even decades. When I gamble and I lose, it's gone.
Don't want to sound like the fun police telling people to quit gambling and put that money into Crypto or to quit smoking and put it into Crypto as everybody is different, but it completely changed my perspective on money. Going to spend the time that I would have spent gambling exercising a bit more now instead.
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