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Playing lottery is a very bad investment

26 February 2012 By Avinash Meetoo 6 Comments

I’ve never bought any lottery in my whole life even though I live in a world where mostly everyone buys lotteries or scratch cards nearly everyday dreaming of winning millions. Of course, I also dream of making millions but, deep inside, I know that I can only achieve that through hard work. I’ve just stumbled upon this great lottery simulator and, now, I can prove that my strategy is, well, better.

And, anyway, I don’t want to be rich. I just want to be wealthy.

Brought to you by Get Rich Slowly, where you can learn how to win the lottery.

Or you can read about how to get out of debt, high yield savings accounts, Roth IRAs, and other smart investments.

Filed Under: Education, Mauritius, News

Reader Interactions

Comments

  1. Raj says

    3 March 2012 at 16:49

    Same here, I’ve played loto at most three times since it came out and just Rs 20 each. Most people play around Rs100 per week which makes up to Rs4800 per year and this could easily go into a savings plan. If the authorities had come up with the idea to increase VAT by 1% I’m sure there would have been an uproar but but by playing loto people are actually filling the government coffins plus the promoters’.

  2. Avinash Meetoo says

    3 March 2012 at 17:38

    You’re 100% right. Lotteries are just a form of tax that nearly everyone pays except for a few :-)

    Like you said, it’s wiser (and more lucrative) to invest that money in a good savings or insurance plan.

  3. Rob says

    6 March 2012 at 18:28

    Here is a Powerball simulator to try http://www.justwebware.com/powerball/powerball.html

  4. Avinash Meetoo says

    6 March 2012 at 21:11

    Thanks for sharing. This is yet another proof that lotteries make people lose money…

Trackbacks

  1. Really, Guy in Line for Lottery Tickets? « Krissy Krabtree says:
    27 February 2012 at 01:27

    […] Playing lottery is a very bad investment (noulakaz.net) […]

  2. What To Buy With 70 Million In Lottery Money: A Good Used Car. « Human Body Engineer says:
    29 February 2012 at 21:42

    […] Playing lottery is a very bad investment (noulakaz.net) […]

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