Hello All well here's my story for the week. I did my books today. Which means every year I record how much I spent on things like groceries, my business, my gambling etc. I was shocked to realized that I have spend $987 on a chance to win at lotto but I have won $20. No comparison right. I think I am losing more then I am spending at a chance to win less. I said to myself last year that I was going to stop spending so much or losing so much money on a chance to win. I didn't do it this year but come 2019 I am sticking to it. The reason being the things I could have purchased with that $987.
I could have purchased a mutual fun and gained money from the interest.
I could have purchased a great rate bank CD account.
I could have paid a bill with that money.
I could have paid my car registration with that money.
I could have used some of that money has a down payment on cruise.
I could have used that money or some of it for a charity I like.
I could have used that money to get some repair done around the house that are needed.
I could have put that money in my medical saving account.
I could have used that money to add to some stocks I already own.
I could have used that money to start a side hustle.
So yes I am foolish to spend that kind of money on a chance but I say for 2019 No to lotto. Ok if the jackpot is big I will throw a dollar or two at it but only if. I am also shredding all my old papers for 2018 and there is a lot of them. I hate having a lot of papers collecting dust . So out they go and in with the new 2019 papers. So that's my story what do you think?