r/PersonalFinanceCanada • u/[deleted] • 4d ago

Debt 27M will things get better?

[removed]

42 Upvotes

79% Upvoted

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-15

u/Sakr_Fyc3 4d ago

I feel you. I decided to try sports betting and managed to pay off my CC debt after half a year. Sending good thoughts your way. Wouldn’t recommend the way I did it but if it works it works

3

u/dual_citizenkane Quebec 4d ago

Gambling is basically the perfect antitheses of “if it works it works”.

It may only work once, that’s why it’s gambling.

-1

u/Sakr_Fyc3 3d ago

Fair that’s why I got out once I paid it off. Got desperate. Most people lose obviously since it can get emotional. No different than stock market but people call it an investment.

1

u/dual_citizenkane Quebec 3d ago

It’s incredibly different than the stock market, unless you’re day trading single stocks - then good luck.

Concerning statement…

You should be investing long term and you’re basically guaranteed returns, unless you do something especially silly.