Friday, May 23, 2014

Americans Spending Staggering Amounts on Lottery Tickets

Sign Your Lotto Ticket, As of January 28, 2008...
Sign Your Lotto Ticket, As of January 28, 2008, lottery customers are required to sign their lottery tickets. (Photo credit: Wikipedia)
CNN has the cold hard facts on just how much Americans are spending on lottery tickets, and it’s not pretty. The news outlet reported that, in 2011 alone, Americans spent a staggering $66.5 billion on lottery tickets. What’s even worse is that that figure represents an increase of 10% from the year before!
You should know that, while winning lottery tickets may be fun, it’s not likely to result in a profit for you. In fact, it’s more likely to result in serious losses, especially if you buy tickets often, develop a gambling problem, or aren’t making other, much smarter investments with your money in the hopes that you’ll one day “strike it big.”

Since your chances of winning the lottery are only about 1 in 175 million, your best bet is to find and work with a qualified investment advisor, one who can help you to set realistic, achievable goals for your money and your future.


And, a well-utilized investment advisor, such as the skilled ones at Platinum Financial Associates of Naperville, is likely to cost you a lot less (and earn you a whole lot more!) than a year’s worth of lottery tickets.

No comments:

Post a Comment