Does anyone ever get tempted to gamble or play the lottery?

Discussion in 'Wealth Creation & Management' started by rara200284, Jan 21, 2015.

  1. Contrarian

    Contrarian New Member

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    I would rather make $1m than win or inherit $20m.

    C
     
  2. rara200284

    rara200284 Member

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    That's what Scrooge Mcduck does. He always says, " I don't have any dollars that I've never earned."
    "Work Smarter, not harder."

    I love ducktales because it's all about Scrooge who is the perfect capitalist.
    [​IMG]
     
  3. SilverKendo

    SilverKendo New Member

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    1. 72% of the wealthy know their credit score vs. 5% of the poor
    2. 6% of the wealthy play the lottery vs. 77% of the poor
    3. 80% of the wealthy are focused on at least one goal vs. 12% of the poor
    4. 62% of the wealthy floss their teeth every day vs. 16% of the poor
    5. 21% of the wealthy are overweight by 30 pounds or more vs. 66% of the poor
    6. 63% of the wealthy spend less than 1 hour per day on recreational Internet use vs. 26% of the poor
    7. 83% of the wealthy attend/attended back to school night for their kids vs. 13% of the poor
    8. 29% of the wealthy had one or more children who made the honor roll vs. 4% of the poor
    9. 63% of wealthy listen to audio books during their commute vs. 5% of the poor
    10. 67% of the wealthy watch 1 hour or less of T.V. per day vs 23% of the poor
    11. 9% of the wealthy watch reality T.V. shows vs. 78% of the poor
    12. 73% of the wealthy were taught the 80/20 rule vs. 5% of the poor (live off 80% save 20%)
    13. 79% of the wealthy network 5 hours or more per month vs. 16% of the wealthy
    14. 8% of the wealthy believe wealth comes from random good luck vs. 79% of the poor
    15. 79% of the wealthy believe they are responsible for their financial condition vs. 18% of the poor
    from: http://richhabits.net/will-your-child-be-rich-or-poor/

    See #2.
     
  4. Golightly

    Golightly Well-Known Member Silver Stacker

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    That 20% you save will be performing well in the bank. :/
    I would think saving %20 of your pay is a luxury not afforded to everyone.
    The rest of it is simply not being a peasant, I'm not wealthy but I'm no peasant either.
     
  5. SilverKendo

    SilverKendo New Member

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    I don't think they are talking about putting 20% in a savings account but more likely investments such as mutual funds, retirement plans, pensions, bonds, stocks, silver, gold, etc. I'm not at 20% yet but I am around 17% this year (although about 6% of that was PMs which is 4% more than I had planned for; the $14-15 silver was too good to pass up). I am lucky because I get an annual 3% raise for the 1st 17 years of employment plus cost of living adjustments once in a while, so this year I will get a 6% raise. I plan on adding that 6% into "savings" instead of integrating it into lifestyle. I think I will beat 20% in a year or two. On my way to wealthy baby!
     
  6. hihosilver

    hihosilver New Member

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    best odds you'll ever get in gambling here in Oz is April 25th (Anzac Day) and play 2UP not only is a great day out but your odds are 50/50 and there is no tax involved
     
  7. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    you can get 50/50 any day of the week at roulette
     
  8. smk762

    smk762 Active Member Silver Stacker

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    Don't they have zeros on your table?
     
  9. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    Sure they do but Ive never had one hit. :D
     
  10. TeaPot&ChopSticks

    TeaPot&ChopSticks New Member

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    Would never spend more than an one hours wage. And there has to be a large jackpot. Have to be in it to win it. Even if the odds are one in eight million
     
  11. nang0204

    nang0204 Member

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    Lotto; loss
    Keno; loss
    Poker machine; loss
    casino tables(roulette, blackjack, poker etc); loss
    Sport betting; never played
    Horse betting; played for around 9 months and won around $30,000 over that period and then stopped till now, long story, but I believe there is system to beat it, hear so many peoples lost home and marriage due to this horse betting, probably I will win big if I believe in winning, just believe can beat this horse betting system
     
  12. -j-p-shmorgan

    -j-p-shmorgan New Member

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    :D

    Always choose #1. It's got the inside advantage.
     
  13. Nabullion Dynamite

    Nabullion Dynamite Active Member

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    I live in Reno, Nv. Thats basically the poor mans Vegas. Gambling is a life style here. I go out every month or so. If you are not a total chump and have a basic idea of what you are playing it can be a real fun trip out.

    Also make trips to the california border to purchase lottos every now and then!
     
  14. SilverDJ

    SilverDJ Well-Known Member

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    Yes, I gave up on the sub $10M lotteries, no point, a few million doesn't buy you much dreaming.
     
  15. col0016

    col0016 Active Member

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    Just signed up for the RSL home lottery. Way better odds than tattslotto and even though it's a tax on stupidly, I waste more than $30 per month so at least the RSL might be able to help someone with it.
     
  16. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Today I bought a ticket for tonight's Lotto. $35.50 for a random quickpick. Let's see tomorrow how well my "investment" turns out.
     
  17. kramer

    kramer Member

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    sure, i play on the stock market everyday!
     
  18. scrooged

    scrooged New Member

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    Best of luck.

    The better half has bought a ticket pretty much every Saturday night for the past 15 years or so.

    I think it's about $20 now but was a bit cheaper 10 years ago. Over 10k spent though at a guess.

    Picked up a few $40-$80 wins along the way, but pretty much SFA.
     
  19. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Update! That turned out to be a shitty investment.
     
  20. SteveS

    SteveS New Member

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    I NEVER gamble. drives Mrs Wife nuts, not because she's a gambler herself (just the odd lotto ticket) but because she sees it as being negative. I have long believed my father's oft-repeated saying, "You get nowt for nowt" (he was a miner in northern England). Sure, some people do win, but the house ALWAYS wins.

    The main reason I don't gamble though, is that growing up poor in the UK and working in a factory, I saw too many people whose 'retirement plan' was winning the pools or lottery. The sad fact was, they came to rely on that hope rather than save, retrain or otherwise take matters into their own hands. I thought it was very sad and I still see that mentality today, especially among the less well-off.

    Another reason is, or should I say my feelings have been reinforced by, observations I have made on business trip where I have visited large casinos in Australia, Asia, America and South Africa. I saw that the halls were largely filled with people who could least afford to lose their stake. I find the small mountains of chips that are raked into that gaping hole on the roulette tables morbidly fascinating.

    So again no, I don't gamble, because I really, REALLY don't expect to win. Whenever my wife buys a lotto ticket and fails to win, I mock her by saying, "Well, had you not bought that ticket, the winner would only have $23,000,080 instead of $24,000,000."
     

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