Help is always a choice away from you. It only takes a moment to realise but it would take its sweet time to get rid of addictions. This articles threads around the smart way of making money and ruling out gambling thus enhancing the standard and habits of life.
It is very easy to slip into an easier choice for anyone under pressure and difficulty. Life’s trajectory is always in our hands and thus it is important to seek help when in need.
The solution to financial crises for an individual or family or neighbours is endless. However, not every financial problem comes forth seeking your permission. Gambling is one of the worst od addictions that can not only affect the individual but also the family associated with the individual.
However, not all online games are harmful. There are few online games that can help you make money the better way. The trick lies in time and experience. But financial emergencies aren’t that sophisticated to prolong the solution.
The problem arrives if you see,…
There is an innate feeling of being secretive about your gambling. WE understand. But are you sure enough of bringing the risk unto yourselves to succumb to bankruptcy?
Have trouble controlling your gambling. Are you miss judged for completely involving yourselves in gambling? Or are you compelled to gamble until you’ve spent your last dollar, upping your bets in a bid to win lost money back?
- Gamble even when you don’t have the money. Gaming and gambling quite resemble a lot to each other. Except one play with circumstances and the other with life. Spending the last penny in constant desire to make more money is a never-ending desire to gamblers.
- Moving to money you don’t have—money to pay bills, credit cards, or things for your children. You may feel pushed to borrow, sell, or even steal things for gambling money.
- Have family and friends worried about you. The stakes are equally high for a family whose sole caretaker or child or even a member is involved in gambling. No flinching king on earth ever let goes of money for free in gambling. If friends and family are worried, listen to them carefully.
- Gamblers often associate their participation with their false ego and an air of talent. It’s not a sign of weakness to ask for help.
Many older gamblers are reluctant to reach out to their adult children if they’ve gambled away their inheritance. Yet! It’s never too late to make changes for the better.
Release form the thorny clutches of gambling.
Learning to relieve yourselves from the crude unpleasant feelings in a healthier way can help you keep off from gambling. Do you gamble when you’re lonely or bored? Gambling may be a way to self-soothe unpleasant emotions, unwind, or socialize.
Yet there are healthier and more effective ways of managing your moods and relieving boredom, such as exercising, spending time with friends who don’t gamble, taking up new hobbies, or practising relaxation techniques.
Strengthen your support network. It’s tough to battle any addiction without support, so reach out to friends and family. If your support network is limited, there are ways to make new friends without relying on visiting casinos or gambling online.
Try reaching out to colleagues at work, joining a sports team or book club, enrolling in an education class, or volunteering for a good cause.
Join a peer support group. A key part of the program is finding a sponsor, a former gambler who has experience remaining free from addiction and can provide you invaluable guidance and support. If not the wise always speak!
Support for underlying mood disorders. Depression, stress, substance abuse, or anxiety can both trigger the need for gambling. This time it can make it worse. Even when gambling is no longer a part of your life, these problems will still persist, so it’s important to address them 100%.
Making healthier choices…
You know the biggest advantage of smart money, it takes least effort, least luck and good patience from you to earn this lot.
Not everyone is interested in investments and in overtime returns. Similar to gambling this has one drawback but it is legal and healthy. The return may not be as promising.
Firstly, not only is it difficult to pick the right stock, timing your entry and exit is also not easy. The only silver lining is that over long periods, equity has been able to deliver higher than inflation-adjusted returns compared to all other asset classes. Time and patience pay.
Equity mutual funds
Equity mutual funds predominantly invest in equity stocks. As per current Securities and Exchange Board of India (Sebi) Mutual Fund Regulations. It is an equity mutual fund scheme must invest at least 65 percent of its assets in equities and equity-related instruments.
An equity fund can be actively managed or passively managed. This is an added advantage.
Debt mutual funds
Investors! Here is a golden bone! If you are looking for steady returns and still have no returns, it is time you switch to debt mutual funds. It is risky compared to any other investment as they’re less volatile.
Debt mutual funds primarily invest in fixed-interest generating securities like corporate bonds, government securities, treasury bills, commercial paper and other money market instruments.
National Pension System (NPS)
The National Pension System (NPS) is a long-term retirement-focused investment product managed by the Pension Fund Regulatory and Development Authority (PFRDA). The minimum annual (April-March) contribution for an NPS Tier-1 account to remain active has been reduced from Rs 6,000 to Rs 1,000.
It is a mix of equity, fixed deposits, corporate bonds, liquid funds and government funds, among others. Based on your risk appetite, you can decide how much of your money can be invested in equities through NPS.
Currently, the 1-,3-,5-year market return for Fund option E is around 9.5 percent, 8.5 percent, and 11 per cent, respectively. Find more about NPS.
Public Provident Fund (PPF)
Funding all the corporate sectors subscribe to their employees too. Since the PPF has a long tenure of 15 years, the impact of compounding of tax-free interest is huge, especially in the later years. Who doesn’t want more money? Gamblers are you all eyes for this?
Further, since the interest earned and the principal invested is backed by an ultimate guarantee, it makes it a safe investment.
One of the best ways to vent the extra energy and creative frustration is by blogging or developing your skill and teaching it to others. That way there are more open revenues to you and your family. There are more avenues to earn apart from gambling, that which we aren’t aware of.
RBI Taxable Bonds
The government has replaced the erstwhile 8 per cent Savings (Taxable) Bonds 2003 with the 7.75 per cent Savings (Taxable) Bonds. These bonds come with a tenure of 7 years.
The bonds may be issued in Demat form and credited to the Bond Ledger Account (BLA) of the investor and a Certificate of Holding is given to the investor as proof of investment. Read more about RBI Taxable Bonds.