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It’s hard to wrap your head around how bad the odds are of winning the lottery. Our brains just aren’t suited for that kind of massive scale. So when you see a lotto ticket for sale, then you see a winner on TV, it’s easy for your mind to come to the conclusion “it’s got to be someone, why not me?”β
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But here’s the thing. It won’t be you. The odds of winning are so close to zero, they might as well be zero. β
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Even if you do what Tyler did here. You buy TEN tickets a week EACH AND EVERY WEEK for FIFTY YEARS. Imagine after 50 years of doing that it qualifies you to go to a stadium packed with 11,239 people. Then out of THOSE people, exactly ONE is chosen to be the winner. 1 out of 11,239, the other 11,238 go home losers. That’s a 0.009% chance of winning after buying 26,000 tickets over 50 years. It won’t be you.β
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But on the flip side, INVEST that ticket money over the same period of time, it’s basically a guaranteed jackpot. Over the last 50 years, the S&P 500 has returned over 10% per year on average. Getting just that AVERAGE return over that time, Taylor ends up with over $1.7 MILLION dollars.β
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Be like Taylor, not Tyler. Invest your hard earned money, don’t burn it on tricky math scams.β
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As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.β
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-Jeremyβ
