Which is the biggest money mistake teens make?

Well, I don’t have that much information for you on this particular question, but I know one big worst mistake which a lot of people generally do at their younger age.

Gambling!

Yes, it is a really big deal to face at your younger age. Almost, every person once in his younger age faces it. Some of them, ignore it very well but the others get trapped in this devil thing. There are some psychological reasons, why almost all gamblers don’t leave gambling even after bearing huge losses. And these reasons are as follows:

• Dopamine Effect:

I guess, you may know something about Dopamine, if not, then understand it as a drug molecule present in our mind. And when our mind feels a good environment or situation around it, it releases dopamine. When dopamine is released, we feel good and happy.

Whenever we do something which provides us with a reason to stay happy, our mind releases dopamine that condition.

In the case of Gambling, when one has a stroke of very nice luck and he/she gets some money as a profit. Our minds release dopamine and we feel happier. It is our mind’s habit, whenever we have a good fate, we trade our fate for one more time (in almost 80% of cases).

• Need of Money

As the gambling itself says, Put some of the money and bring a lot of it. This statement is for those who are seeking some methods of earning money to overcome debts/loans but end up here(gambling). When someone has a really hard need for money, they look for earning sources. But some of them lost their way and choose gambling as a method of earning money. And sometimes, they lost all the money they had left. At that shocking moment that one person arranges money from somewhere to trade in gambling in an attempt to bring at least the same amount, he had before. And, that’s how he makes gambling a habit.

Well. we all know that gambling is a bad idea but Is it good to relate the term Trading to Gambling? Yeah, trading is the same as gambling in one manner - Put less, take more. But it separates itself from gambling when it comes to earning from it. Gambling requires luck whereas Trading requires Knowledge. Want to know more about Trading? Click Here.

Thank You!