January 24, 2017

[Ep. 85] How to Squash Your Gambling Addiction & Get Out of Debt with Beau Humphreys

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I’m Jessica and I’m a money expert, speaker, Accredited Financial Counsellor Canada®, host of the More Money Podcast, and am currently writing my first book with HarperCollins Canada (2025).
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This episode of the More Money Podcast is brought to you by Wealthsimple. Make 2017 the year that you get your investments right! Visit wealthsimple.com/jessicamoorhouse to start investing your money (you can do it on your phone and it will literally take you minutes), and as a special bonus, you’ll get a $50 bonus. Now, what are you waiting for…do it now!

It was a random weeknight when I went to the Wealthsimple headquarters in downtown Toronto for their 3rd-anniversary party. I was told there would be a donut wall, and I was not disappointed.

Aside from the free donuts and drinks, I got to meet Beau Humphreys. I thought I knew all the Toronto personal finance bloggers, so it was a treat to meet Beau and hear his story at the party. Immediately I knew he had to be on my show.

This episode is very different from any of my episodes because it deals with a topic that I think most people wouldn’t be as brave to openly discuss. Luckily Beau was happy to share his story of getting addicted to gambling at the young age of 11.

There’s a slogan by the BC Lottery (where I’m from) that’s always stuck in my head: “Know your limit. Play within it.” Good advice for sure, but let’s get real here. Most people who frequent casinos or the race track on a regular basis know their limit but are incapable of playing within it.

Gambling is as serious an addiction as alcoholism or drug addiction. And I think it’s incredibly important for anyone dealing with something like this to recognize this and find the help they need.

That’s exactly what Beau did. He got professional help and it changed his life. He found out that his addiction stemmed from him having undiagnosed ADD. With that knowledge, he was able to turn his life around.

And now look at him! He’s traveling to Kenya for vacation and teaching others how they can get over whatever obstacle to achieving financial freedom.

It’s a happy coincidence I’m releasing this episode on Bell Let’s Talk Day, which is all about talking openly about mental health. And for that reason, I’m going to include some helpful links for anyone is looking for someone to talk to.

Helpful Resources

Quotes to Live By

  • Money problems usually have nothing to do with money. They’re about something else in your life that you need to work on Somebody giving you a bunch of money or you making more money isn’t going to fix those things.
  • Money can’t buy you happiness, money can’t fix your problems.
  • You’re problems probably have nothing to do with the fact that you have debt. You have debt because you have problems.

Episodes You’ll Want to Listen to After This

Check Out Some of Beau’s Best Blog Posts

Follow Beau Humphreys

For more podcast episodes, check out the podcast page.

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