How to lose $26,000 on Pokemon

Gosh… thats tough…but he owns what he did. I’d be so embarrassed to call Dave Ramsey and tell him I racked up $27K of debt for Pokémon cards.

Obviously this isn’t what you want to do, but its not uncommon, and only notable because Pokemon cards are involved. I wouldn’t be surprised if multiple people a day leave a casino with this amount of debt, if not more. Gambling culture is so hot rn, it seeps into anything and primarily affects young men like this guy. While I would never advocate anyone to go down this path, I am not surprised and feel bad as gambling is so pervasive today. Even in pokemon, mystery boxes and the like are over 9,000; they are just unregulated gambling. Luckily that’s still mostly low stakes, but its more inertia and influence that didn’t exist years ago.

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Sports gambling specifically is running rampant right now and its disgusting. So many people are becoming gambling addicts due to it and ads are literally everywhere.

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A little part of me dies every time I hear “free bets”.

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“Get 1000 dollars after you spend 10 so we have your payment info forever”

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A few good friends of mine have been dealing with it, so I’ve been thinking of addictions and how it impacts us in this hobby or at the fringes of the hobby, in relation to ourselves (if we’re not the addictive-type).

I keep getting back to this fact:
Human beings are dealing with all the indulgences, temptations, and stresses of the world, and we still have 200-20,000 year old biology that was not adapted to this stuff. I hope it all works out for the best and that others can learn from this as well.

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I stopped listening, Yek why should these kind of persons get help.
Sorry but that’s what I feel 80% of the time when watching these kind of “help I spend more that I should” programs.

I am guessing in an ideal world every person would have the wisdom to be self reliant and depend less on others as much as possible. Humans are social creatures. Being a better person overall involves using your skills and resources to help others.

However, I think these scenarios / examples do help learn from others mistakes on how things can go wrong if you really don’t know what you are doing.

Cheers!

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100% this^

It also doesn’t help that the US school system chooses not to teach financial or media literacy to each new generation.

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Sports gambling is an interesting case study in social stratification

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A local onlyfans girl had the best response when she was interviewed about her back taxes; “I didn’t learn anything about this in school.” Truer words were never spoken.

Our school system is so bad at this too. Well, I say bad, it’s all highly intentional of course.

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Keep em dumb and poor lol!

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Who needs basic economics when you know Nelson Mandela’s favorite meal or the names of John Lennon’s girlfriends? :world_map: :chart_with_upwards_trend:

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I always go to onlyfans for hard-hitting, social critique.

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I mentioned it in one of smpratte’s Patreons, but I work as a mental health and addictions nurse, and the amount of sports gambling or phone casino cases we’ve seen in the hospital this last year is wildly concerning. It’s become one of our most common addictions in like a 2 year timeframe. The gamification of every event is leading to tons of losses and it’s usually followed by desperation to gamble more to try and make the money back. It’s been very interesting/concerning watching it seep into the world of Card Collecting.

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I feel ya. Except, I also feel that others can benefit from the innitial person’s failure. It’s not only help for them, but others who are looking for help in a similar situation.

Indeed. :face_with_raised_eyebrow:

When someone is using a certain MO or has a mindset which leads them to gamification addiction/gambling, that same mindset is not going to let them easily change tactics and get away from gambling.

I was thinking about this too. Our developed “capitalist” society (we’re actually not a capitalist society anymore, but a venture capitalist one - most money is made via investment, and not production because of investment) has a history of great upheaval and change as financial shortcomings are revealed. And of course the changes come-on gradually over time, but increasingly quickly approaching the change. Like traffic on the highway.

While a great many people are not financially literate, even in economics, let alone personal and investment finances, and then the ability of people to manage their finances. These are very separate things.

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it is the proliferation of stuff like whatnot basically turning into a degen live ripping gambling site and then online sports gambling becoming legal in basically every state. ive seen comments on instagram of ppl saying sports gambling is similar to investing in stocks since they are both risky like come on :rofl:

something that immediately comes to mind is ppl are literally paying 3k for moonbreons now and thinking they are still getting in at a low price? like how do you not expect to lose your shirt on that when it was sub 1500 for years and auctioned like 10 times a week :rofl:

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Wrestling bears is risky too. It’s a bear market.

As I watch the prices for graded modern pop-arts (popular arts), I wonder “why are people paying just a little less for a lesser grade, (PSA 8 vs 9, for example)?”
It’s gotta be all about the art. and if so, is it just that people HAVE this extra money with little experience and understanding. That suggests a BIG crash in the future. OR is it that buyers simply don’t GAF? :thinking: :face_with_spiral_eyes:

We live in a society where hedonism is valued above all else. People are fundamentally spiritually broken, so if you let them just do whatever they want they’re not gonna have a good time. Hence the widespread issues with addiction and other destructive vices.

I pray and hope we as a soceity recognize this soon.

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maybe stop deleting my posts and this guy could have sold low end singles and lose $260 instead of $26,000 if he failed.

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