Lucky Number: 8991
If you are a 4dtoto lottery player, you have to know more about the odds of winning lottery might not be enough to confuse you from buying daily or weekly lottery tickets. Hopefully, we talking about the true financial cost of those tickets will help divert you from buying tickets. I know many people do not like wasting money. But many will spend a small fortune on lottery tickets in their lifetimes, which is absurd to ever pay off. Lotteries have often been called a “tax on the poor” and for good reason.
Most of the lottery tickets buyers are in the lower income tax brackets. Generally, there are less cultured about finances and less likely to save money for retirement. These lottery players don’t view the expense of a few lottery tickets as a major cash outlay. Yet, this couldn’t be further from the truth. In the long run, spending money on a ticket that never wins amount players more than just the face value of the tickets and prevents many people from ever getting out of debt.
To clarify this point, let’s say an average lottery player spends RM5 per week on Powerball tickets. That’s RM20 each month or RM240 spent on lottery tickets every year. This person buys lottery tickets every month of every year for 25 years like my grandfather did throughout his adult life. The amount spent on lottery tickets over a lifetime is RM6,000, which surely could have been put to better use. Instead, that RM6,000 disappeared, and never won any jackpot big enough to cover the player’s costs.
But now, what if that RM20 had instead been invest every month into an interest-bearing savings account, or retirement investment, paying a traditional average of 5% per year? Can you imagine how much would that player have earned at the end of the 25-year period? RM12,027.23. Hence, by depositing that RM20 every month into an account earning just 5%, a lottery player could double his or her money in 25 years. Don’t you think it is worth?