Why I don't play the lottery
by Rich Finzer
How to Win the Lottery
Rational Financial Behavior
Why Do We Play the Lottery?
Growing up, I treated my parents to a plethora of misbehaviors. My errors in judgment or deportment resulted in prompt spankings or being "grounded," but all were quickly forgiven and forgotten. After all, I was a boy kid and filled to capacity with the mischief little boys are known for. But while still a youngster, my father exacted one unbreakable promise; he made me promise I would never gamble (as in for the rest of my life). Consequently, I've never visited a casino or bingo parlor, played cards for money, or become a willing participant in paying a tax on mathematical ignorance. What's mathematical ignorance? It's simply playing scratch-off lottery games.
Revenue starved states market these wallet depleting diversions as "get rich quick" strategies, and in truth, a few lucky folks do buy a $1 scratch-off ticket that results in a payoff of thousands. Sadly, the odds of being that one lucky guy are less than being hit by a helicopter while traversing the Blue Mountain Tunnel in eastern Pennsylvania. So, what drives folks to relentlessly buy scratch-off lottery tickets?
- The perceived boredom of old age
- Mathematical ignorance concerning the odds of success
- Economic desperation caused by prolonged unemployment
- Compulsive gambling
If you're still fit enough to work, get yourself a part-time job, preferably at a business which does not sell scratch-off tickets. Before plunking down your cash, flip the ticket over and read the odds of winning. If you're already in financial trouble, don't compound the problem by gambling away the little money you still have. And if you can no longer control the urge to wager, seek counseling. Ironically, many states set aside a portion of lottery revenues to fund anti-gambling rehabilitation programs.
Gambling leverages the basest of all human vices: greed. I'll lay 10 to 1 odds that if you quit throwing money away on games you aren't supposed to win, you'll be ahead in both the short run and the long run. My dad died 51 years ago and perhaps his greatest legacy is the promise he made me keep. Thanks Pop.
Debt is preventing me from taking a vacation this year or the vacation I'd like to take this year! Tell us: Yes, debt is affecting my vacation plans! or No, we're going exactly where we want to go but we'd love to learn make our trip as inexpensive as possible!
Rich Finzer resides in upstate New York. During his 43 years as a writer, he has published over 1,000 newspaper, magazine, and Internet articles. His first book Maple on Tap is currently available through his publisher ACRES USA. His novel Taking the Tracks is available through Amazon.com.
Share your thoughts about this article with the editor
More Money-Saving Lifestyle Tips
- 5 things that cost too much in June
- 4 steps to a simpler (and more frugal) life
- 6 tips for a fabulously free vacation
- Secrets to living luxuriously for less
- Money-saving secrets of the rich and frugal
- 4 secrets to being a frugal foodie
- Here's how to run your PC for free
- A crash course in self-sufficiency
- How to make manicures affordable