"I Quit Gambling... Now What?" (Listener Intervention)

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Money Rehab with Nicole Lapin 37 min 3 speakers transcribed
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Nicole Lapin 0:00
Imagine trying to become a pro athlete without having a coach. It sounds crazy, right? We all need help leveling up in areas that matter to us. And that's why one of the smartest financial moves you can make is working with a certified financial planner. Domain Money CFP professionals don't just hand out generic financial advice. They help people get on track for early retirement, fix messy investment allocations, and figure out the perfect timing for major purchases like buying a home. What I love about their approach is that they don't do cookie-cutter financial plans. They actually dig into what you're trying to achieve and optimize everything around your specific goals. Here's what you need to do.
Nicole Lapin 0:41
Book a free strategy session to see if they're a good fit for your situation. Zero pressure, just real advice tailored to where you're at financially. You can get started today at domainmoney.com slash money rehab. And here's what I totally respect about them. They use transparent flat fees so you know exactly what you're paying up front. No sneaky percentage fees eating into your returns or surprise charges that derail your financial progress. Your financial plan isn't some one and done document. As your life changes, they're right there helping you adjust your strategy so you stay on track towards your money goals. Domain gives you something most people never have, a step-by-step financial plan that actually makes sense and doesn't make your brain hurt.
Nicole Lapin 1:23
So get started today and book your free strategy session at domainmoney.com slash money rehab. I am not a real client of Domain Money. Via Money Rehab, I receive compensation and have an incentive to promote Domain Money. See important disclosures at dmnmny.co.x. What is your bank doing for you? And how much is it costing you? That's a serious question, because if they're charging you $8 a month with zero extra services, I've got to stage an intervention here. What are you paying them for anyway to hold your money for you? You deserve better. That's what I love about Chime. There are no monthly fees, no maintenance fees. My younger self would have definitely benefited from this. It's not just the no fees thing.
Nicole Lapin 2:07
It's what they have to offer you, too. If you set up direct deposit, you can get paid up to two days early automatically. And with qualifying direct deposits, you're eligible for free overdraft up to $200 on debit card purchases and cash withdrawals. Plus, they have over 47,000 fee-free ATMs. So seriously, ask yourself, what is your bank doing for you and just how much are they charging you to do it? And if the math isn't mapping, think about making a change. Work on your financial goals through Chime today. Open an account in just two minutes at Chime.com slash MNN.
Unknown 2:39
Chime feels like progress. Chime is a financial technology company, not a bank. Banking services and debit card provided by the Bancorp Bank N.A. or Stride Bank N.A. Members FDIC. Spot me eligibility requirements and overdraft limits apply. Timing depends on submission of payment file. Fees apply at out-of-network ATMs. Bank ranking and number of ATMs according to U.S. News and World Report 2023. Chime checking account required.
Nicole Lapin 2:52
Hey, money rehabbers. Before we start this episode, I just wanted to let you know that the episode includes some descriptions of compulsive gambling. If this is a subject that's difficult for you, please take care while listening. If you or someone you know is struggling with compulsive gambling, you can call the National Gambling Hotline to be connected with local resources at 1-800-GAMBLER. I'm Nicole Lappin, the only financial expert you don't need a dictionary to understand. It's time for some money rehab. In the last quarter of 2023, DraftKings, the sports betting app, reported revenue of $1.2 billion, which is up 44% from Q4 the year prior. And that is just one app. With the rise in legalization of sports betting platforms, gambling has never been easier, and compulsive gambling has never had a lower barrier to entry.
Nicole Lapin 3:46
Today, I talked to a money rehabber who, as he tells me, does not identify as a gambling addict, but he has had his fair share of highs and devastating lows over a decades-long career of gambling.

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