Use Lottery to gain wealth? There are other ways to improve your financial standing
There are better ways to get rich than using the lottery. The recent mega millions frenzy produced a crop of new-rich hopefuls. However, the old-fashioned way holds the upper hand when compared with the odds – one in seventy-five million – of winning the lottery. A few careful planning tips are likely your “luckiest” path to wealth, based on AZCentral.com:
- Save for college
- Improve your credit card standing
- Invest in a 401k plan
- Enter the stock market
- Add umbrella coverage to your existing insurance policy
The odds are higher that you may be struck by lightning (1 in 10,000 in your lifetime) or attacked by a shark (1 in 11.5 million) than that you will win the lottery. But, as long as shark attacks continue and lightning bolts strike, so will the lottery – because there is always that one person of the 10,000 / 11,500,000 / 75,000,000.