When you have an asset like cash, you do not want to exchange that asset for a liability-like a car-without being able to pay yourself back. This is one step between wealthy and poor. A financially intelligent person is going to loan their assets to themselves, and immediately set up a repayment schedule.
The concept is similar to point 2. The idea is to hold lesser cash. When you open your wallet and find that you only have $5, chances are you’re less likely to spend it. Of course, if you do need to spend it, you’ll have to withdraw money from your ATM card. This gives you more time to think whether it is a need to spend that money.
Most state lotteries make their winners public. It’s in their terms of service that winners must be willing to go public. They do this for a number of reasons. For one thing, it’s a great promotional device and it generates interest in the lottery. It also proves that the lottery is a fair draw and that there is no cheating going on. The flip side of this is that having their names made public puts a target on many lottery winners’ lives. As a new lottery winner, you will have to learn how to say “no” to the many requests that will be coming to you. If you have a hard time doing this, then you will be easily taken advantage of, and pretty soon you’ll find your fortunes dwindling.
But it’s important to know that $500 really isn’t that much money. A little bad luck and you would be all out of your savings. That’s why it’s so important to have an emergency fund; it’s like insurance for your wealth. No matter what you decide to spend money on, OMI88 you’ll always have a reserve. Life is easier to deal with when you know you always have a stockpile of money that you can count on. Don’t stop saving money just because you have $5000 in your savings account; just keep on saving as if you had no money at all! That’s the surefire way to having a dependable source of money. Make sure you have enough money so that you won’t be forced to spend your entire savings all at once.
Besides that, nearly 90% of lottery winners continue to play the lottery each week hoping to win again! Doesn’t that just sound absurd? Can you imagine someone who won a hundred million dollars spending money on lottery tickets in hopes of winning another hundred million? If they took half of their earnings and just put it in a growth stock mutual fund that paid a mere 10% each year, they would easily make five million dollars in INTEREST a year!
The lottery gurus have been telling me that if I want to win the lottery, I must not change the numbers that I buy regularly. In fact, I should not be changing the number at all, he told me. The tip here is, you have to stick to the set of numbers that you have chosen. Do not expect that by changing to a different number, you will have a better chances to win because it doesn’t work that way.
When you are addicted to gambling, it is obvious to stop thinking about the future. A gambler always lives for the moment and desires only instant gratification to feel what is known as the “gamblers high”. It becomes very hard then to focus on any of the future prospects as they tend to live in a world of fantasy, placing bets and dreaming that big jackpot. Neglecting aspirations and all future goals is living a worthless life and therefore this is one of the prime reasons to avoid gambling.
First and foremost, in a lottery, the state you live in determines the amount of money any winner will receive. What shocks us is how people fail to see why states legalized lotteries in the first place. States that have made lotteries legal understand that using this method of gambling was an ideal way to do fundraising for their respective state. What that means in laymen terms is lotteries aren’t designed to make everyone a winner. In fact, nearly everyone who plays the lottery loses. Think back to the last time you heard about a hundred million-dollar jackpot and millions entered but only one person won. That wasn’t by accident.