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Coin Toss

Zeta Reticuli Star System
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Jul 23, 2022, 9:21 pm

This is a book by Morgan Housel

The Psychology of Money

Timeless Lessons on Wealth, Greed, And Happiness

From the title page of Chapter 9

Wealth is What You Don't See

Spending money to show people how much money you have us the fastest way to have less money

//////////////////////

That made me think of some jackpot winners who blew it all

Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners.

There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.
GiveFive

Florida's West Coast
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June 10, 2010
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Jul 24, 2022, 8:10 am

Quote: Originally posted by Coin Toss on Jul 23, 2022
This is a book by Morgan Housel

The Psychology of Money

Timeless Lessons on Wealth, Greed, And Happiness

From the title page of Chapter 9

Wealth is What You Don't See

Spending money to show people how much money you have us the fastest way to have less money

//////////////////////

That made me think of some jackpot winners who blew it all

Some people cant contain themselves while there are those that can. People that have a strong urge to impress others with their wealth by going on a spending spree very likely will go through all of their money very quickly. G5

Play Smart! That's IF there is such a thing as playing smartly!!
Artist77

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Jul 24, 2022, 11:41 am

I agree. Drive that older model car and stay under the radar.

DO NOT BE AFRAID.

How Great Thou Art. God has blessed America.
eddessaknight

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November 22, 2006
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Jul 24, 2022, 1:49 pm

Quote: Originally posted by Artist77 on Jul 24, 2022
I agree. Drive that older model car and stay under the radar.

A - greed folks

Making a big public ego splash will attract lots of attention, but from wrong guyz

Ol'e Vegas wise $money$ saying 'when counting your money, do it in the dark.'
Coin Toss

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Jul 24, 2022, 3:50 pm

Quote: Originally posted by Artist77 on Jul 24, 2022
I agree. Drive that older model car and stay under the radar.

Artist77,

Im the book The Millionaire next Door the author mentioned that a lot of truly wealthy people buy year old American used cars.

Granted it's truly hard to find American cars completely made her anymore but think "the Big Three".

Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners.

There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.
Artist77

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January 16, 2012
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Jul 24, 2022, 5:54 pm

Quote: Originally posted by Coin Toss on Jul 24, 2022
Artist77,

Im the book The Millionaire next Door the author mentioned that a lot of truly wealthy people buy year old American used cars.

Granted it's truly hard to find American cars completely made her anymore but think "the Big Three".

I love that book. Love the part as to how generational wealth often disappears in one or two generations if the children are raised with a spend spend spend philosophy.

DO NOT BE AFRAID.

How Great Thou Art. God has blessed America.
eddessaknight

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November 22, 2006
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Jul 24, 2022, 6:02 pm

Isn't fascinating how conditional the psychology of money is?
Artist77

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Jul 24, 2022, 6:55 pm

I am always surprised, but shouldn't be, when I find out that someone in my neighborhood rents vs owns...even for 10 or 20 years. And guess what? The renters all drive jags, Porsches, etc. Lol

DO NOT BE AFRAID.

How Great Thou Art. God has blessed America.
JeetKuneDoLotto

United States
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November 27, 2014
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Jul 24, 2022, 6:59 pm

Quote: Originally posted by Coin Toss on Jul 23, 2022
This is a book by Morgan Housel

The Psychology of Money

Timeless Lessons on Wealth, Greed, And Happiness

From the title page of Chapter 9

Wealth is What You Don't See

Spending money to show people how much money you have us the fastest way to have less money

//////////////////////

That made me think of some jackpot winners who blew it all

Money is not real Coin Toss.

It is a mechanism upon which the elite control the masses.

Look at Trudeu.

He did not like the Trucker convoy.

So he froze their money. Declared them terrorists. He basically said "Trust the Science, or die, and dont worry about my kickbacks."

Loook at China.

People are protesting because their accounts are frozen.

And let me tell you the Chinese peopl are the most polite protesters out their.

"Dear Chairman, please I worked hard to make money, I deposited acording to the law. But I cant withdraw for the last 20 days. It would be wrong for me to starve to death. Oh where do I turn now dear Chairman?"

I like the Government response so far TANKS.
Coin Toss

Zeta Reticuli Star System
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Jul 24, 2022, 9:30 pm

Those already wealthy look upon jackpot winners as the nouveau riche, not in a literal translation sense but in the sense that they're not going to hold onto it for long.

Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners.

There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.
Coin Toss

Zeta Reticuli Star System
United States
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January 17, 2006
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Jul 24, 2022, 9:55 pm

JKDLotto

Sounds like you are much more familiar with books like Das Kapital and the Comminost Manifesto.

Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners.

There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.
GiveFive

Florida's West Coast
United States
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June 10, 2010
7,148 Posts
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Jul 25, 2022, 9:42 am

Quote: Originally posted by Coin Toss on Jul 24, 2022
Artist77,

Im the book The Millionaire next Door the author mentioned that a lot of truly wealthy people buy year old American used cars.

Granted it's truly hard to find American cars completely made her anymore but think "the Big Three".

To my way of thinking wealthy people who buy year old cars but can afford to buy any kind of new car they want are simply demonstrating how secure they are with knowing they have a lot of money. Although I'm not wealthy, I bought a one year old used car with low mileage on it. I did it because I didn't want to take the big depreciation hit that new car buyers suffer when they drive a new car off the dealers lot.

Having great wealth and being secure in the knowledge that you have it goes a long way towards preserving it. Many people that aren't wealthy believe that it's easy to keep big money, but that's just not true at all. Some people with great wealth understand that they have to be very smart with their money or they will likely lose it. Some don't and we've all heard their horror stories. G5

Play Smart! That's IF there is such a thing as playing smartly!!
Artist77

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January 16, 2012
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Jul 25, 2022, 1:08 pm

Quote: Originally posted by GiveFive on Jul 25, 2022
To my way of thinking wealthy people who buy year old cars but can afford to buy any kind of new car they want are simply demonstrating how secure they are with knowing they have a lot of money. Although I'm not wealthy, I bought a one year old used car with low mileage on it. I did it because I didn't want to take the big depreciation hit that new car buyers suffer when they drive a new car off the dealers lot.

Having great wealth and being secure in the knowledge that you have it goes a long way towards preserving it. Many people that aren't wealthy believe that it's easy to keep big money, but that's just not true at all. Some people with great wealth understand that they have to be very smart with their money or they will likely lose it. Some don't and we've all heard their horror stories. G5

I do the same thing and buy one year old cars. The depreciation for new cars is crazy.

DO NOT BE AFRAID.

How Great Thou Art. God has blessed America.
Stat$talker

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United States
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September 1, 2019
5,509 Posts
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Jul 25, 2022, 2:19 pm

Quote: Originally posted by GiveFive on Jul 25, 2022
To my way of thinking wealthy people who buy year old cars but can afford to buy any kind of new car they want are simply demonstrating how secure they are with knowing they have a lot of money. Although I'm not wealthy, I bought a one year old used car with low mileage on it. I did it because I didn't want to take the big depreciation hit that new car buyers suffer when they drive a new car off the dealers lot.

Having great wealth and being secure in the knowledge that you have it goes a long way towards preserving it. Many people that aren't wealthy believe that it's easy to keep big money, but that's just not true at all. Some people with great wealth understand that they have to be very smart with their money or they will likely lose it. Some don't and we've all heard their horror stories. G5

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These are the Lottery Voyages of Stat$talker..!!

The ongoing Mission,..to seek out the Laws of "Probability Math"...

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