How to avoid losing money due to greed

[cherry123]

The truth is that a lot of times we lose money because we were greedy. Especially when it come to gambling. How can this be put In check to avoid us losing huge amount of money

 

[ridsa]

Put in your mind that there is no easy way to get money if you not work hard and try to save money and not spend it for useless thing.

 

[SHAHID987]

In business whenever anybody becomes greedy he will be lose money very soon, as I have seen this very closely. Greed is something like poison for business.

 

[Shavkat]

In a company, a black-and-white document is needed to be signed. Personal agendas are not included in this contract agreement.

 

[Carson20t]

Greedy for lack of a better term is having a high-risk appetite and therefore placing a huge sum of money on an investment venture that is having the potential to give you a huge return on investment. So the chances are that you are not likely to have a return on investment or recover your money. To manage risk by investing in a little bit more secure investments with minimal risk although you only recover a little profit from there.

 

[Starmix]

Those greedy persons must not run a business for they will never succeed. The income in the company might be spent on something beyond the profit earned like buying of luxury cars and constructing a new mansion. The money derived from the business profit will surely be spent the tendency to sink the business.

 

[cherry123]

I believe it is all in the mind it is good to always restrict self from being greedy over little things.

 

[Starmix]

Well, there are also wise people who never like to spend money from their sweat. They want another source that serves as a support for the family. But a business owner is also receiving a pay from his own business that could support the family's needs, and more than enough for them.

 

[cherry123]

In terms of gambling it is not good to invest more than you can afford. Doing that will show nothing more than greed.

 

[Starmix]

That is right, those who gamble do not like to stop because they want to regain back their capital. They can never get back what they have thrown away. Gambling may become their disease of a lifetime.

 

[cherry123]

Definitely, when once you start being greedy with any form of gambling you are about to go down with all your money gone.

 

[Starmix]

Many became broke because of their gambling spree. My friends in Las Vegas always enter a casino, at first they make a successive win then after some days they cannot anymore get back their thousand capital and they almost beg money for their relatives and they received nothing. They became idiots.

 

[cherry123]

This is the care of umwise gambling. Some people gamble to a fault and because of greed lose everything.

 

[nomad]

Businesses and individuals both lose money due to greed. One of the common examples is investing in HYIP and Ponzi Scheme.

 

[Starmix]

This is the care of umwise gambling. Some people gamble to a fault and because of greed lose everything.

Some gamble without calculating their losses that surpass their gain. They will become losers and may hate their fate which they are alone to blame. Their greediness drives them to become poorer.

 

[cherry123]

Some gamble without calculating their losses that surpass their gain. They will become losers and may hate their fate which they are alone to blame. Their greediness drives them to become poorer.

This is what they need to know. Gambling is a game of luck and should be played with caution

 

[Niyi Briggs]

I just love my life. I am not greedy. I believe in value. If the value I am offering for any earning is not worth it, I question that earning.

 

[Magnus2022]

The only way to be free from greediness is to be contented with what you have. Most materialistic people are not deeply religiously, because they are carnal and self centered. Go closer to God will help to make us to be more grateful and contented with what you have.

 

[Springtime]

I noticed that a lot of people were scammed because they were greedy. There is no free lunch.

 

[Golden9]

When you realize that there is not fast way to make money, and there is no free money, you will control your greed. Most people fall as victims of scams because they want to get money while others do all the hard work, forgetting that every one else is like that too.