Casino’s and Arcades
There is no doubt that over the past ten years casino’s have been popping up all over California and the demand for more casino’s is on the rise. As an adult many of us feel the adrenaline kick in as we walk through the casino doors to begin our day of play. This is similar to a child’s response when they walk into the gates of Disneyland or an awesome arcade. Casino’s are the adult version of a huge fantastic arcade. The interesting aspect of arcades now a days has shifted from just playing a game to, one push button game slots, where any amount of tickets can be won. The tickets are then taken to the prize counter at the end of the day and are redeemed for a prize depending on the amount of tickets won. This is the perfect platform for getting the kids adjusted to the gaming of money in, one push button and varying amounts of tickets won. This concept is no different than at a casino, except casino tickets are turned in for money, not prizes. The point being is that the kid walked into the arcade played a set amount of money and may have won a prize or not, but had a great time.
How To Preserve Wealth When Times Are Tough
Many people have suffered extreme losses in the stock market and the real-estate market. With the money that is left over, many of us are unsure of where to invest it and preserve our wealth. There is…
Pro’s Of Gambling
This leads me to the question of adults at casinos, can we come in with a set amount of money, play our games and then leave with or with out our prize? I believe that the answer is yes. There are many people that can go to a casino and play for many hours on a set amount of money and then leave when the money is gone, just like a child does at an arcade. In fact this is one of the growing forms of entertainment for the senior population in California today. A senior can hop on a bus arrive at the casino and play all day and then be driven back home. Now as I stated these are the pro’s and that depends on the person and how they manage their money and what they put aside for entertainment each week.
Addicted to Gambling
What can you do if somebody you care about has a gambling problem? If they can admit it at least, that’s the first step to recovery. Even so, it’s not always easy to stop once you’re addicted. They may have…Con’s Of Gambling
When talking about cons, it is important to mention that certain people don’t take it seriously while placing big bets and think of it as situs judi online where you just have to put some peanuts that are in no way comparable to something like blackjack.
The con’s of gambling are the obvious, and that is addiction. The other con that is a little more secret is justification in the minds of our seniors. This is a very grey area and one that should be addressed. Many seniors have begun to spend more of their time at casino’s, because it is fun and it passes the time. Now we looked at the pros’s and that is going to the casino with a set amount to spend and that amount being put aside for entertainment purposes. The problem happens when that money that is set aside goes quickly at the casino and the senior begin to justify spending parts of their retirement. This is slowly becoming a problem with the senior population, they are spending their money instead of it putting away for the next generation or for an emergency. The problem though can be remedied with a few creative financial strategies
Once a senior gets hooked on gaming it is hard for them to stop, because it becomes the high light of their week. What can be done is some smart financial tricks so that the money that they do have will not get spent, and it is not readily available to spend. Seniors must invest their money in a secure investment that gives them interest. The investment is never touched and they are getting interest on that money every month. The money should also be put in a place where it cannot be easily taken out of. One great investment is a fixed annuity, They are completely safe and most pay an average of 6% interest with the lowest amount being 2.5%. They cannot be touched for ten years, but 10% can be taken out each year without penalty.
The other safe guard for seniors is long term care and medicare supplements. The long term care is crucial if a senior can qualify for it. As a senior it is important to be protected and treated with dignity and respect when at the end stages of life.
When a senior has taken the precautions to insure their future financially and protecting their health then there is no reason that they should not be able to enjoy their lives the way they want to.