Basically, I am talking about people who couldn’t resist the temptation to gamble. As an adult, I have to agree with him. I know a few and it’s not fun when you have to deal with them — especially when they are someone you love.
Related Posts:
Weekly Highlights: May 17, 200910 Ways to Completely Ruin Your CreditBudget Mentality Versus Net Worth MentalityMoolanomy weekly roundup #2: “Dealing With Debt” editionMoolanomy’s Financial Success Plan, Introduction
Copyright © 2007 - 2009 Pinyo B. This feed is provided for the convenience of Moolanomy’s subscribers. These problems include:
Unprecedented home foreclosure level
House poor homeowners
Widespread credit card debt problem
Unfathomable amount of student loan debt
But you can’t blame this solely on credit card companies. I am talking about compulsive gamblers who believe that the next bet will be the winner, or that they will have to recoup their losses. And those who couldn’t resist the temptation invariably lose a lot more than money. They create a bottomless pit that you cannot fill. (digitalfingerprint: 69e8f4bf5bcfffdcbe9b25dc563db782)
Get help for your gambling addiction before it’s too late.
Alcohol and Drug Abuse
Last of the wealth banes is alcohol and drug abuse. You are not allowed to reproduce the content within this feed in any manner.
Please visit Moolanomy and Personal Finance Directory for more great content. There are also the consumer-oriented media and lack of personal finance education to blame. Drugs and alcohol rob you of self-control. These three habits are drug use, gambling, and overspending. In this instance, I am not talking about casual gambling. And yes, they are costly in more ways than most people realize. Those who crossed the line between entertainment and addiction.
Since the odds are stacked against them, most gamblers do lose money. He calls them wealth banes. If your life is mired in any of these, your finances will suffer. I am glad to say that I manage to avoid all three to some extent.
Photo by Adam Baker via Flickr
Overspending
It was harder to get into trouble with spending too much before credit cards became ubiquitous. An addiction can cost you money, harm your health and relationships, destroy your career, and even kill you.
Do you know anyone who is afflicted by these wealth banes?
When I was a little boy, my dad told me that I’ll never be poor if I avoid 3 habits. In general, we’ve forgotten the meaning of the word enough and are trying to live beyond our means.
Gambling
I do gamble for entertainment purpose, but I do have a strict 0 per day policy when I visit Atlantic City or Las Vegas. Unfortunately, borrowing has been too easy over the past few decades and we are seeing all kind of problems as a result.
Posted under Credit Repair
This post was written by admin on May 26, 2009
