Identifying and Overcoming A Gambling Addiction with Patrick Chester

Ep 077: One topic that we know we wanted to discuss on our show is gambling and retirement in the State of Maine. So far, we have two retail casinos in Maine, one in Oxford and one in Bangor. Also, sports betting is getting closer and closer to becoming available in the Pine Tree State. With some cold harsh winters in Maine and a lack of entertainment options, there could be some potential for us to get a bit carried away with participating in retail and sports gambling. But how do we know if we’re developing an addiction that we can’t control? How much is too much? This can be especially problematic for retirees that feel like they have money to gamble but might be living beyond their means to allow for their funds to last for the entirety of their retirements. That’s what this show is about!

Our next guest is a graduate of the University of Washington and eventually went on to work for himself as a general contractor.  He built a solid reputation for years and was widely respected as a business owner and professional. What people didn’t know is that he also spent 15 years as a raging gambling addict, lost millions, and nearly destroyed his family. Our guest is a TEDx speaker currently presenting to college student-athletes across the country, and he’s been fortunate enough to guest on over 200 podcasts worldwide. With that, please welcome Patrick Chester to The Retirement Success in Maine Podcast!

Chapters:

Welcome, Patrick Chester! [3:11]

What are the signs of a gambling problem versus recreational gambling? [16:13]

What are the major risks with problem gambling and who is more likely to develop a compulsive gambling issue? [22:27]

What is the best way for us to help a loved one suffering from a gambling addiction? Is there a “right way” to help? [30:36]

How will Patrick find his personal Retirement Success? [43:03]

Ben and Curtis conclude the conversation. [46:11]