How To Be Rich Through Gambling
- How To Be Rich Through Gambling Winnings
- How To Get Rich Through Gambling
- How To Be Rich Through Sports Betting
- How To Be Rich Through Gambling Losses
Q: Have you ever heard any successful and rich person by spread trading?
- Being rich is a state of mind. In a sense, you could be rich but still poor, and vice versa. You can define “rich” in different ways. There are a lot of people who simply consider it as having a lot of money. For them, rich is equivalent to a being a millionaire. But rich can also be psychological richness.
- $230 billion that flowed through its tiny Estonian outpost may have been dirty. Macau, the world’s biggest gambling hub, has long been beset by money laundering despite.
- Now gambling is seen as a way of making easy money, of getting a quick return for very little work. Its convenience is what makes it so attractive. A person who buys a painting hoping that in 20.
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A: This question was responded by an experienced trader whom I have full respect for -:
Actually, yes I do...quite a few, and some are SERIOUSLY rich! One person in particular...
She started with £2k and over a period of 2 years nearly lost it and just about came out flat... then she made a few hard decisions, mostly about honesty with herself and discipline... she currently makes about £1- £2k a day and its a bad day is when its only £500. She trades just a few stocks and very rarely holds overnight.
I also know of people who have worked on the inside for years. They all say similar things. They do have massively successful clients who make seven figure tax free sums most years. This IS NOT done via scalping but by either position or swing trading. Some clients hold positions for two years!
Although I'm not rich I do quite nicely on the whole spreadbetting and that's just little old self taught me. Just because people don't make the hall of fame does not mean they have not made a lot of money trading be it spreadbetting, cfd trading, warrants whatever...
This is not to say that spread betting is a way for easy riches; it is a known fact that the majority of spread traders fail. At a GFT trading seminar we attended we were informed that it could take up to two years before you start consistently making money spread betting.
Q. Is it possible to turn £10,000 pounds into £100,000 pounds in 1 year?
A: It is quite possible to turn £10,000 into £100,000 via spread betting but the odds are against you. You'd just have to be very lucky... Being this lucky, in my experience, wouldn't really do you any good. First of all, to have any chances of making it you would have to take really serious risks with leverage! Even if you somehow manage to turn £10,000 into £100,000 that amounts to an astounding 900% return on investment. By year end when you have your £100,000 you would start thinking why not turn £100,000 into £1,000,000 by the next year. Problem is that if you had been so lucky to achieve a 900% return what's the chance at being this lucky again? Chances are that one day your luck would run dry and you'd get trunked or struck by heavy losses - and you'd end up losing your capital and more...
Here's a trading system you could utilise if you are just about starting out and have £10,000 of available capital you are willing to risk (lose) -:
Most of the times I recommend only starting with £1000 after some months of successful demo spread betting. If you end up ahead after your first month of trading with real money, then simply add another £1000 to your trading account. If your second month is also successful, then add another £1000 for the next month. In this way you are proving (to yourself) that you are indeed successful before risking all of your hard earned cash.
If by any chance you end up losing all your money in a particular month, then you stop trading for the month. Do not deposit any more funds to your trading account until the following month and then retrace your steps and learn from your trading experience. As I said, you do not need big amounts of money to make it worthwhile. Say you are earning 8-10% per month and letting it compound. You take out 50% of your earnings each month to reward yourself and let the rest ride.
If you are starting with £10,000, then that would give you £400 each month the first year. The second year you would be starting with £16,000 in your trading account giving you £640 per month in earnings. etc. True, it's not a full-time income yet, but within 6 years you would be up to over £4000 per month and your trading account has increased to over £100k. After 10 years, your income would be over £27,000 per month.
The important thing is to be patient and not avoid getting greedy. Greed and the rush for riches is rookie thinking.
Q. Is it possible to become a millionaire spread betting?
A: Well, apart from the owners that run spread betting companies themselves , it is a fact that large fortunes can be made or lost from spread betting. It is documented that George Soros made almost $2 billion shorting the pound in September 1992 after betting almost all his wealth (however, in practice his profits amounted to some 10% since he risked a lot of his money on the punt). This episode earned him the unofficial title of the 'the man who broke the Bank of England' as the pound had to be devalued and withdrawn from the European Exchange Rate Mechanism.
But who exactly is George Soros?
George Soros is one of the living legends of financial investments. Today, his fortune runs into billions of dollars. His flagship is the Quantum fund and its various offshore offshoots.
George Soros was born on the 12th August 1930 in Hungary. He migrated to U.K. at the age of 17, and graduated from the London School of Economics. It was here that he became acquainted with the works of philosopher Karl Popper who had a profound impact on his thinking. He migrated to the U.S. in 1956, and started his own international investment fund – the Soros Fund Management LLC.
Soros actively invests a big portion of his assets in currencies and index-linked derivatives - but never for long. He flits in and out of these instruments incessantly, rarely holding a position for more than a few days. Soros is well-known for his generosity and started his philanthropist activities in 1979 when he provided fundis to help black students attend the University of Cape Town in South Africa.
A network of 20 foundations across Central and Eastern Europe organized most of Soros' philanthropic activity. The first was opened in Hungary in 1984. He pledged $100 million to support scientific research in the Commonwealth of Independent States last year, donated $50 million to Bosnia and financed a $25 million revolving loan to buy heating oil that helped Macedonia survive the winter. Soros has also authored eight books on various subjects.
Vince Stanzione is another well-known persona who raked in profits for more than £2 million spread betting commodities. However, a failed punt on the shares of HBOS cost Mike Ashley, an English millionaire retail entrepreneur some £300 million. This was when Mika Ashley opened a huge long position on HBOS expecting them to recover when in actual fact they kept going lower before finally being taken over by Lloyds TSB.
Another popular commentator and trader in the City, Simon Cawkwell, a trained accountant better known as 'Evil Knievil' made over a million-pound profit shorting Northern Rock in 2008. Now in his sixties, Evil Knievil established himself as a bear raider when he successfully shorted Maxwell Communication Corporation and Polly Peck International, two companies which went bust in the early 1990s.
I always try to keep it in mind when trying to set take profit too far.
Not to mention it can be useful for those thinking about making millions in one month with a 5k account ;)
Also a picture about life and happiness. Hope you enjoy it.
Of course they also say that if you aim for the stars you might reach the moon...
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Looking for ways you can make money right now? If things are tight and your back is up against the wall, there's a path forward. In fact, there are many. Especially when it comes to generating that income online. The best part? We're so interconnected that there are literally hundreds, if not thousands, of ways you can make money, almost immediately, from the comfort of your home.
What do you need? You might not even need a laptop for the most part. A tablet or a smartphone might just suffice. And, of course, you do need an internet connection. A sound mind might help you as well. Along with the ability to stay focused and be persistent no matter what happens.
So if you're determined to generating some much-needed cash and you can't wait weeks or months, then here's what you need to do. First off, don't expect to snap your fingers and get rich. That isn't what this article is about. Now, in general, making money on the internet can be boiled down into the following categories:
Selling products: You can sell all types of products on the internet. You don't need a laptop. But, a smartphone is crucial. You can source these products from places like Alibaba's aliexpress.com and re-sell them on eBay, Amazon or build your own Shopify store or ecommerce funnel.
Related: 10 Lucrative Side Gigs for Millennials Looking to Earn Extra Money
Selling services: Most people earn their money online by selling services. This can range from low-ticket services through sites like Fiverr, to more expensive high-end services on Upwork or through your own coaching or consulting funnel.
Do tasks for others: You can always do tasks for others. If you're simply looking to make a quick buck and not have to wait or have to build an email list or a sales funnel, there are plenty of tasks you can perform, right now, that will put money in your pocket.
Selling information: Information products are huge. Massive, in fact. You could quite literally get rich selling information if you know what you're doing. If you're a ninja online marketer, then you can expect that. But, even if you're not, there are ways to turn your ideas into stacks of so-called paper.
Leverage the sharing economy: Turn your existing assets into money right now. Leverage your home or your car or your recreational vehicles, even, to make a bit of money quickly.
Related: 15 Easy Ways to Make Extra Money at Home
How to make money starting now.
The strategies that you'll find below will help you make money either right now, within hours, or some within days or weeks. The truth? You're not going to get rich employing these strategies overnight. But, if your back is against a proverbial wall, they might help you out of a bind, and fast.
Whether you're looking to make money quickly or you're okay with having it take a bit of time, stay persistent. You can't snap your fingers and expect money to materialize. But, then again, if you focus on the right thoughts, you'll eventually get where you need to go. Remember, mindset is everything.
1. Sell products online
There are a variety of ways you can sell your products online. Use Facebook's marketplace for instance. You can also leverage eBay and sell things at auction. Plus, there's always Craigslist. The trick? Use quality photography and great lighting. Build sensory-rich descriptions that entice people to purchase whatever it is that you're selling.
Related: 10 New Ideas for Making Money on the Side
2. Sell used books on Amazon
How To Be Rich Through Gambling Winnings
Amazon is a great way to unload used books. But, you can also sell a variety of other items on Amazon as well. You could opt to start an Amazon FBA. You could source products on Aliexpress and drop-ship them from Amazon. That gives you a near-hands-free method of running an ecommerce business without much of the hassles of personally dealing with returns and customer service.
3. Start a Shopify ecommerce store.
Why not build a full-blown Shopify ecommerce store? Create a niche and sell a variety of products directly on your store. Advertise it using Facebook ads. There are an endless supply of blue-ocean niches that are far less competitive than some of the more crowded red-ocean ones that have spawned an endless sea of merchants vying for the consumer's attention.
4. Build a free-plus-shipping ecommerce sales funnel.
Use ClickFunnels to build a free-plus-shipping offer. Create a low-ticket front-end offer that will draw in the customers. On the next step of the funnel, hit them with your core offer. After that? An upsell. Maybe a down-sell if they don't take that. Maybe even a high-ticket up-sell at the very end. Once you get the hang of sales funnels, the sky really is the limit.
Related: A Complete Guide to the Highest-Paying Jobs, Companies, Freelance Jobs and More
5. Do gigs on Fiverr
If you're looking for a quick fix, sell gigs on Fiverr. Everyone knows about the gig economy. It's evolved over the years. And today, they're not just five-dollar gigs that you're selling. But, you need to build credibility first. Deliver real value. Go out of your way. Get stellar reviews. Then. And only then. Can you really kick things into high gear.
6. Sell services on Upwork or 99Designs
Upwork and 99Designs are great ways to sell higher-ticket services. If you're a seasoned web developer, designer or have skills in other arenas such as the law or accounting or elsewhere, try your hand here to make a bit of money quickly. You will need some sort of track record. But, if you have existing clients, ask them to retain you here so that you can build up your online credibility quicker.
7. Build a high-ticket coaching or consulting funnel.
Another way to make money now would be to sell high-ticket coaching or consulting services. If you're an expert in a particular arena, sell your services. If you understand business, coach entrepreneurs. If you understand finances, help people navigate their debt and expenses, maybe even their investments.
Related: 10 Side Hustles Ideal for Making Some Spare Cash In the Evenings
8. Manage social media, SEO or Facebook ads for clients.
Want to make some serious money? Manage social media. Do SEO. Run Facebook ads and other paid ads on YouTube or Google for instance. There is loads of money to be made if you know what you're doing. If you can attain huge conversion rates, then people will happily pay you a hefty percentage of that ad spend.
9. Walk dogs or house-sit.
Use a service like rover.com to walk dogs. Offer up your services and go out of your way to make clients happy. Build up credibility and rapport. Get raving-fan reviews and you won't have a problem making money quickly no matter what day of the week or month it might be.
10. Babysit, be a nanny or become a daycare professional.
Great with kids? Want to be a nanny? Maybe a daycare professional? Use a website like care.com to easily source gigs for babysitting. Use can also use the site, along with many others out there, to find work as a housekeeper and even a senior care giver.
11. Use Amazon's Mechanical Turk to do micro-tasks.
Take up menial tasks on Amazon's Mechanical Turk platform. They're micro-gigs. Small tasks that don't pay much. But, they also don't require much brain power. String them together and you just might make a few extra bucks. Great if you're in a bind and you need that cash right now.
Related: Are You Ready for a Side Hustle? Here's How to Know.
12. Do virtual tutoring or assisting.
Speak a second language? Know a musical instrument? You can make money online with just your laptop and an internet connection. Use Skype or Zoom or Google Hangouts to teach to one or more people at the same time. You could also become a virtual assistant, especially if you're highly organized and are great at completing tasks and being time effecient.
13. Rent your house as a vacation rental.
How To Get Rich Through Gambling
Have a home in a popular vacation destination? Why not drop it on AirBnB? You could also have a professional property management company that specializes in short-term rentals like InvitedHome or Luxury Retreats, or any number of others, to help you manage and rent out the property.
14. Drive for Uber or Lyft.
If you need fast cash in a hurry, why not drive for Uber or Lyft? You could easily make a few hundred or even a few thousand extra per month. If you have a newish car and a clean driving record, this is a viable option. You won't get rich. But, it does pay the bills.
15. Rent your recreational vehicle.
A lesser known segment of the sharing economy has cropped up with sites like RVShare. The truth is that most people who own recreational vehicles have them sitting around collecting dust. Why not rent them out and earn an income from that asset?
16. Create information products.
I've had a mild obsession with information products. They're boundless. Limitless. Not only can you make money fast with them, but you can make an obscene amount of it. No warehousing costs. No fulfilment costs. No manufacturing. Nope. None of that. Pure profit. For the most part at least.
How To Be Rich Through Sports Betting
17. Build an online course.
Build a member-based course and sell it online. You can use existing platforms like Udemy or Teachable or Kajabi to do this. Or, you can build your own through software like ClickFunnels and even other cloud-based membership platforms. What can you sell in a course format that would help you deliver real value to others and in turn make a serious amount of money?
18. Create an evergreen webinar.
How To Be Rich Through Gambling Losses
Webinars are a thing of beauty. You can easily make money online by building an evergreen webinar. Use GoToWebinar, by far the best webinar software out there, to build a webinar that will help you earn money on autopilot. Combine that with software like ClickFunnels and powerful email sequences and watch as your income rockets through the roof.