With odds like that, it’s amazing that anyone actually plays lottery games. It’s a testament to the power of hope that anyone ever believes enough to buy a single ticket!
Most people don’t know anyone who has won more than a few dollars. In fact, playing the lottery involves more risk of death, than chance of winning. You are 16 times more likely to die in a car accident on the way to buy a ticket, than to win the lottery. What’s more, your odds for winning don’t go up unless you buy thousands.
A few more facts:
- You are more likely to be struck by lightning 5,000 times, than win the lottery;
- You are 146 times more likely to die in a fireworks accident;
- You are 8000 times more likely to be murdered.
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.