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rSlash

r/Tifu I Lost My $600,000 Life's Savings Gambling

rSlash

rSlash Reads Reddit

Comedy

4.910.6K Ratings

🗓️ 24 February 2025

⏱️ 20 minutes

🧾️ Download transcript

Summary

0:00 Intro 0:09 Loosing 600k 11:30 Wrong person 12:52 Passionate party Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:29.9

Welcome to R slash today I effed up, where OP loses $600,000 due to a crippling gambling addiction. Today I effed up by losing my entire

0:41.4

life savings of over $600,000 to a rapidly developed gambling addiction and not being able to

0:49.2

afford the taxes that I now owe. I, a 38-year-old guy, had at one point amassed over $500,000 in a retirement account,

0:58.2

with over $100,000 in cash in my checking account. To start, many of you will immediately wonder how

1:04.3

I even got in that situation, so let me give a little backstory. I'm an IT professional with a

1:09.2

background in software engineering, although currently I'm in management professional with a background and software engineering, although

1:11.2

currently I'm in management. I make six figures and have since I was in my late 20s. I'm generally

1:16.9

frugal, save way more than the average person, and don't buy a lot of lavish things. I keep to myself

1:23.0

most of the time, go out on occasion, and buy quality on things that I use the most, but don't overindulge.

1:29.7

Doing this has led to a happy and generally successful life where I never had to worry about

1:34.8

losing my job for even a year, much less where my next meal was coming from. I always knew that

1:40.0

if problems really started, I'd have enough money to survive for years. I've always enjoyed the

1:45.2

occasional casino trip, probably more than my friends, but it was never really a problem. That is,

1:50.9

until mid last year. I was a casual gambler playing mostly parlor table games, when one day I went

1:58.1

to the casino with 600 bucks and sat down to an ultimate Texas Holdham game,

2:02.6

where I proceeded to win nonstop for hours.

...

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