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Writer's pictureNathanael Zibaki

Why Thinking To Become a Millionaire Gambling Is not A Good Mindset?

Updated: Jun 21


Nowadays, it's easy to focus on material possessions instead of personal growth. I remember a quote from Jim Rohn when his mentor asked why he didn't set a goal to become a millionaire, not for the money, but for the person he would become. As someone who used to gamble frequently, I can attest to the fact that the odds of becoming a millionaire through gambling are low, and even lower when it comes to maintaining that status.


Yes, a gambler can win a large sum of money and become a millionaire through gambling, but the likelihood of this happening is low. Additionally, the chances of maintaining millionaire status through gambling are even lower, unless the individual stops gambling immediately and never gambles again. Stopping will be very difficult after winning a large sum of money as their brain may be used to the dopamine that gambling provides. Lastly, the focus on money instead of personal growth is not a successful mindset in life, because you can lose it all, but with personal growth, you can lose money, and make it back again.


In the following lines, I will share with you why looking to become a millionaire through gambling is not the right mindset. I will share with you why personal growth will be a better option to become a millionaire.


Why Thinking of Becoming a Millionaire Through Gambling Is Not the Right Mindset?


First, we have to start from the root cause of gambling. The root cause of gambling is the love of money. So if you gamble, it is because of your love of money. You may ask what is wrong with the love of money? there is a difference between wanting money in life, and the love of money. Wanting money is a normal desire that all of us have. Wanting money is about fulfilling our needs and desires. It motivates us to work hard, invest wisely, and make responsible financial decisions. We all need money to survive and live comfortably. We might want money to afford necessities like food and shelter, pursue our hobbies and interests, build a secure future for ourselves and our families, and achieve financial stability.


On the other hand, The love of money is like an obsession. It goes beyond just fulfilling our needs or building a secure financial future for ourselves or our families. The love of money is

an insatiable desire for more, no matter how much money we have, we never feel satisfied, and we are constantly chasing the next big pay or reward. The love of money usually puts people in a situation where they put money above everything else, such as relationships, and health, and some may even sacrifice their morals in the pursuit of wealth. The love of money may lead also to unethical behaviour such as stealing or manipulating others to get money.

The love of money can be destructive. It can lead to unhappiness, loneliness, and even criminal activity. I love this quote from the book of 1 Timothy 6:10 King James Bible Version "For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows." The Bible calls the love of money the root of all evil. There is nothing wrong with having a lot of money, what is wrong is if our sense of self-worth is tied to how much money we have, instead of the person we are or have become.


Thinking of becoming a millionaire through gambling is not a healthy mindset for building a successful future. Gambling is a self-destructive activity that does not improve our skills or our personal growth. Even if we were lucky enough to win millions through gambling, it would be difficult to maintain that status because our actions and mindset are already geared towards making quick money and laziness. This is why many people who win a lot of money in gambling end up becoming broke again. The sad part is that if you lose all your money, you will not be able to make it back, as you were just lucky and did not work on personal growth. As someone who used to gamble frequently, I can tell you that in the long term, you will lose more money than you win. So, thinking of becoming a millionaire through gambling is costly and can lead to addiction, debt, suicidal thoughts, and damaged relationships with those around you.


Why Personal Growth Will be a Better Option to Become a Millionaire.


The best thing about personal growth is; that it encourages us or people to develop valuable skills and knowledge that will translate into higher earning potential. The benefits of personal growth extend beyond just becoming a millionaire, it will give us the ability, and tools we need to change our lives and change other people's lives. The skills and knowledge we want to gain are more focused on improving all aspects of our lives, leading to greater happiness and fulfillment in life. Personal growth fosters long-term wealth-creation strategies. This knowledge helps us make smart financial decisions, build wealth gradually, and secure our future. We are not relying on luck or chance like in gambling but we are relying on our strengths and capabilities.  The process of personal growth itself is rewarding. As we learn and achieve goals, we'll gain confidence in our abilities. This sense of accomplishment is far more fulfilling than relying on a lucky break.  Personal growth cultivates a positive and resilient mindset. We learn to overcome challenges, set goals, and persevere through setbacks. This grit and determination are crucial for achieving long-term financial success.


In Brief, becoming a millionaire through gambling is possible, but the likelihood of that happening in your life, is low, even if you do win a large sum of money, you will likely not be able to grow it or maintain it if you become a gambling addict. On the other end, personal growth equips you with the tools and mindset to achieve financial success on your own terms. It's a more sustainable, empowering, and ultimately more rewarding path.


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