Hi Peter
It is hard to accept the loss of the money – so we chase it with more money – and all of us on here have found the same thing – we have all found that even if we win it back we lose it again .
We cannot hold onto winnings and usually once we lose them we chase again thinking we can do it again .
As others have said accepting the loss , accepting that the money is gone , drawing a line in the sand and stepping over leaving losses on the other side is the only way to recover from this.
Lik e Nick has said many people lose everything through no fault of their own- we really aren’t any worse off than them.
We are starting again after many years but we still have time to earn and save .
Debts can be paid off slowly with a good repayment plan .
We can all get there – it is better to get there late than keep gambling away out chances of financial security .
Keep strong Peter. And well done on seeking help!