The Fact Is…9/18

The Fact Is...

Everyone dreams of winning the BIG jackpot.  Powerball is up to $197 Million and that means, more people will be dreaming of becoming rich quickly.  But...did you know...

If you spent $10,000 a year on lottery tickets, mathematically it would take you over 2,800 years to win.  Yep, you'll be a loser WAY past your death.

In fact:

• You are more likely to get struck 5,000 times by lightning than win the lottery.
• You are 146 times more likely to die in a fireworks accident than win the lottery.
• You are 8,000 times more like to be murdered than win the lottery.

With this in mind, it’s time to figure out what to spend your money on instead. Imagine, if instead of spending $20 a month on lottery tickets you put it into a mutual fund.

If you did that from ages 25-65, you would have $93,626.41 in your account. Now that’s a lot of money, and it’s got a lot better chance of actually happening.

But what fun is that?  So, I say screw the mutual fund and let's go for broke.  Wait, I'm already broke.  CRAP!

(This reality check fact courtesy of OMG Facts.  Check them out at www.omg-facts.com)