Would Winning the Lottery Solve Your Financial Problems?

Would Winning the Lottery Solve Your Financial Problems?

Some people dream of obtaining financial security all in one day by winning the lottery or through investing in penny stocks. The chances of success by either means are extremely low. The odds of winning the lottery are about 1 in 13,000,000 for single-state lotteries, and 1 in 175,000,000 for multiple-state lotteries. Yet many Americans still believe that their best chance of becoming financially secure is by winning the lottery. Hoping for overnight success is not an acceptable strategy. I want to be 100% certain that my family will always be financially secure, and I want my clients to enjoy the same level of certainty. This is attainable by implementing timeless principles of financial security. Even if we did win the lottery or make it big overnight investing in penny stocks, it is not likely to bring lasting financial security or happiness. Many people who win the lottery end up completely broke within a few years, divorced, friendless, and sometimes even commit suicide, because they cannot handle the publicity or permissiveness that such a large sum of money received so quickly has granted them. How the Lottery Ruined a Winner’s Life In 2002, Jack Whittaker won the Powerball multi-state lottery jackpot of $315,000,000. Pretty lucky guy, huh? Then why does he say that he regrets winning the lottery? Although he was very generous with his windfall for a while, he was continually bombarded with additional requests for money everywhere he went, and was sued by hundreds of people who were trying to get a piece of the pie. He lost many friends and started drinking heavily to console himself,...