Saturday CBB

Quote Originally Posted by RayRayK:

@Fulltimeloser   @Feenfromeugene  Thank you gents , yeah - most wise men stay away from gambling for good reasons - Severe waste of time and money when you could be doing far more productive activities w Time & Money. If you are at a good place in life where you are reaching your goals and continue to learn new skills , financially set than wagering 5 bucks a pop for entertainment is fine. More gambling on a consistent basis with hard earned money is Very serious and Needs to be treated as such but most gamblers lie to themselves to support their addiction. Aristotle once said “ The hardest thing for a person to know is themselves” So true . Life is short and consider your goals as they relate to the future you desire for the life you want to live. I’ve been on this forum for over 20 years and I’ve seen so many leave because they had enough pain and lost time. Pretty depressing but so is losing considerable sums of money year after year with nothing to show for it . I try to help people , it brings me happiness . I tell young people if they want to have 250K/million all they need to do is open up a Fidelity.com account , pair it w their bank account , open a tax deferred Roth IRA in SPY or VOO ( solid mutual funds that track the biggest companies ) and put 20% of their paychecks or what ever they can - could be 25 bucks a week- Trued and true formula - Thriough compound interest (best 2 words in finance history) their money will double every 7.5 years (Fact check please ) After 25/30 years you will have a nice chunk of money w out a doubt. The more you sacrifice and invest in the S&P mutual funds the more your money will work for you. I think 250 a month will bring around 250K after 30 years. That beats the hell out of pissing it away on a fruitless addiction that you may be stuck in. Go to ChatGPT and type in what I just wrote than type in the horrors of gambling addiction and see which one suits you . Good luck and remember - Life is short and we are a product of what we think about. Good luck .