Comments on: Get Rich!! Play the Lottery!! Somebody has to win!! http://myfinancialjourney.com/archive/get-rich-play-the-lottery-somebody-has-to-win Wed, 16 May 2012 14:32:55 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Stormy's Corner , Archive » Why you should figure out what you love to do while you are waiting to win the lottery http://myfinancialjourney.com/archive/get-rich-play-the-lottery-somebody-has-to-win/comment-page-1#comment-123836 Stormy's Corner , Archive » Why you should figure out what you love to do while you are waiting to win the lottery Fri, 02 Apr 2010 12:57:19 +0000 http://www.myfinancialjourney.survivingkids.com/archive/get-rich-play-the-lottery-somebody-has-to-win#comment-123836 [...] if you play the lottery, cross your fingers but don’t hold your breath.  My Financial Journey put the odds in perspective. Here are a few of the [...] [...] if you play the lottery, cross your fingers but don’t hold your breath.  My Financial Journey put the odds in perspective. Here are a few of the [...]

]]> By: The best of MyFinancialJourney.com in 2007 | My Financial Journey http://myfinancialjourney.com/archive/get-rich-play-the-lottery-somebody-has-to-win/comment-page-1#comment-123833 The best of MyFinancialJourney.com in 2007 | My Financial Journey Thu, 01 Apr 2010 15:26:40 +0000 http://www.myfinancialjourney.survivingkids.com/archive/get-rich-play-the-lottery-somebody-has-to-win#comment-123833 [...] Get Rich!! Play the Lottery!! Somebody has to win!! - my thoughts on the lottery. [...] [...] Get Rich!! Play the Lottery!! Somebody has to win!! – my thoughts on the lottery. [...]

]]> By: Neil Henson http://myfinancialjourney.com/archive/get-rich-play-the-lottery-somebody-has-to-win/comment-page-1#comment-123605 Neil Henson Sat, 07 Feb 2009 21:42:08 +0000 http://www.myfinancialjourney.survivingkids.com/archive/get-rich-play-the-lottery-somebody-has-to-win#comment-123605 if i keep $1.00 in my pocket instead of buying a lottery ticket I will be 146,107,962 time more likely of having a $1.00 bill in my pocket after the drawing then if I bought a ticket. Now that is perty good odds. if i keep $1.00 in my pocket instead of buying a lottery ticket I will be 146,107,962 time more likely of having a $1.00 bill in my pocket after the drawing then if I bought a ticket. Now that is perty good odds.

]]> By: MFJ http://myfinancialjourney.com/archive/get-rich-play-the-lottery-somebody-has-to-win/comment-page-1#comment-54435 MFJ Tue, 29 Apr 2008 18:15:04 +0000 http://www.myfinancialjourney.survivingkids.com/archive/get-rich-play-the-lottery-somebody-has-to-win#comment-54435 @Corey - A couple of points to your comment. First off I think you may have misread the context of the article as I was going more for humor than serious financial advice, but regardless I'll address some of your comments. As far as reading self help money books that's not me. I'm borderline illiterate when it comes to reading books and can honestly count on 1 hand the number of books I've read that were not school related (and that's only if you include audiobooks). As far as my wife is concerned she reads all of my articles and very much enjoyed this post. As an aside though she also does not smoke, drink, do drugs, and I believe this is the only time she has bought a lottery ticket, although we did both go to a casino once and hated it. As far as your comments about the fact that you can "win" other things other than the powerball you are correct, but I'll bet every penny that I own that you will never make money if you play the lottery regularly. The odds even for your "free ticket" (if you don't count the $1 you spent in the first place) are tilted pretty drastically in the favor of the state/casino. I even mention in my article that I see no problem with occasional "fun" money being spent on lottery tickets, I still think though that you are horribly mistaken if you think you will ever make any money by playing the lottery. @Corey –
A couple of points to your comment. First off I think you may have misread the context of the article as I was going more for humor than serious financial advice, but regardless I’ll address some of your comments.

As far as reading self help money books that’s not me. I’m borderline illiterate when it comes to reading books and can honestly count on 1 hand the number of books I’ve read that were not school related (and that’s only if you include audiobooks).

As far as my wife is concerned she reads all of my articles and very much enjoyed this post. As an aside though she also does not smoke, drink, do drugs, and I believe this is the only time she has bought a lottery ticket, although we did both go to a casino once and hated it.

As far as your comments about the fact that you can “win” other things other than the powerball you are correct, but I’ll bet every penny that I own that you will never make money if you play the lottery regularly. The odds even for your “free ticket” (if you don’t count the $1 you spent in the first place) are tilted pretty drastically in the favor of the state/casino.

I even mention in my article that I see no problem with occasional “fun” money being spent on lottery tickets, I still think though that you are horribly mistaken if you think you will ever make any money by playing the lottery.

]]> By: Corey http://myfinancialjourney.com/archive/get-rich-play-the-lottery-somebody-has-to-win/comment-page-1#comment-54211 Corey Sat, 26 Apr 2008 21:16:19 +0000 http://www.myfinancialjourney.survivingkids.com/archive/get-rich-play-the-lottery-somebody-has-to-win#comment-54211 You seem mortified that she would dare spend 10 dollars on lottery. You seem like some financial nut job who reads every self help money book in the world. Ok, you'd be real hard pressed to actually win the powerball jackpot. But the jackpot isn't the only thing you can win. If you were to match the powerball you win 2 dollars. Some states you can win a free ticket, to play again. But at least she spent the money on the harmless lottery and not heroin or crack cocaine. Jeez do you know all of the harmful things she could've done with that 10 dollars. Buy cigarettes, buy alcohol, buy Rx medication, buy contraceptives to cheat on you with, consider yourself lucky that your wife respects you enough to never ask you to play the lottery and occasionally when the jackpot gets big she buys 10 tickets. Hell, she could even use that 10 to buy a Scientology book. Count your blessings and stop being condescending and passive aggressive towards your wife by talking about her behind her back like she's a fiscal nightmare. You seem mortified that she would dare spend 10 dollars on lottery. You seem like some financial nut job who reads every self help money book in the world. Ok, you’d be real hard pressed to actually win the powerball jackpot. But the jackpot isn’t the only thing you can win. If you were to match the powerball you win 2 dollars. Some states you can win a free ticket, to play again. But at least she spent the money on the harmless lottery and not heroin or crack cocaine. Jeez do you know all of the harmful things she could’ve done with that 10 dollars. Buy cigarettes, buy alcohol, buy Rx medication, buy contraceptives to cheat on you with, consider yourself lucky that your wife respects you enough to never ask you to play the lottery and occasionally when the jackpot gets big she buys 10 tickets. Hell, she could even use that 10 to buy a Scientology book. Count your blessings and stop being condescending and passive aggressive towards your wife by talking about her behind her back like she’s a fiscal nightmare.

]]> By: The Latest On FMF’s March Madness And Other Blog Post Competitions » Silicon Valley Blog About Money http://myfinancialjourney.com/archive/get-rich-play-the-lottery-somebody-has-to-win/comment-page-1#comment-1210 The Latest On FMF’s March Madness And Other Blog Post Competitions » Silicon Valley Blog About Money Sat, 17 Mar 2007 15:01:38 +0000 http://www.myfinancialjourney.survivingkids.com/archive/get-rich-play-the-lottery-somebody-has-to-win#comment-1210 [...] T-Bill Investment Rate: Is it APR or APY? And What Is Your Taxable Equivalent Yield? and Get Rich!! Play the Lottery!! Somebody has to win!! However, it’s looking like it’s going to fold against Dave Ramsey Is Bad At Math unless [...] [...] T-Bill Investment Rate: Is it APR or APY? And What Is Your Taxable Equivalent Yield? and Get Rich!! Play the Lottery!! Somebody has to win!! However, it’s looking like it’s going to fold against Dave Ramsey Is Bad At Math unless [...]

]]> By: MFJ http://myfinancialjourney.com/archive/get-rich-play-the-lottery-somebody-has-to-win/comment-page-1#comment-1030 MFJ Tue, 13 Mar 2007 23:45:20 +0000 http://www.myfinancialjourney.survivingkids.com/archive/get-rich-play-the-lottery-somebody-has-to-win#comment-1030 You are correct - can't believe I didn't catch that typo. Thanks brocktune! You are correct – can’t believe I didn’t catch that typo. Thanks brocktune!

]]> By: brocktune http://myfinancialjourney.com/archive/get-rich-play-the-lottery-somebody-has-to-win/comment-page-1#comment-1025 brocktune Tue, 13 Mar 2007 21:17:24 +0000 http://www.myfinancialjourney.survivingkids.com/archive/get-rich-play-the-lottery-somebody-has-to-win#comment-1025 Correct my if I am wrong but 2^47 = 140,737,488,355,328. that is the chances of 47 straight coin flips of tails. which is far more difficult than the lottery. You by every single permentation of the lottery ticket 146,107,962. You would be guarenteed to win. But with the split pot nature of lotto. You might need to split the pot. That is the rub. Not including taxes. More players the less chances of winning an amout that would make it worth it. It think 27 times in a row is the about the right odds Correct my if I am wrong but

2^47 = 140,737,488,355,328.
that is the chances of 47 straight coin flips of tails. which is far more difficult than the lottery. You by every single permentation of the lottery ticket 146,107,962. You would be guarenteed to win. But with the split pot nature of lotto. You might need to split the pot. That is the rub. Not including taxes. More players the less chances of winning an amout that would make it worth it. It think 27 times in a row is the about the right odds

]]> By: Free Money Finance http://myfinancialjourney.com/archive/get-rich-play-the-lottery-somebody-has-to-win/comment-page-1#comment-965 Free Money Finance Mon, 12 Mar 2007 12:53:02 +0000 http://www.myfinancialjourney.survivingkids.com/archive/get-rich-play-the-lottery-somebody-has-to-win#comment-965 <strong>Free Money Finance March Madness, Round 3, Posts 17-24...</strong> We're continuing with the third round of Free Money Finance March Madness (if you wonder what's going on in these posts, see my article announcing March Madness and/or click on my March Madness category link and scroll down to read... Free Money Finance March Madness, Round 3, Posts 17-24…

We’re continuing with the third round of Free Money Finance March Madness (if you wonder what’s going on in these posts, see my article announcing March Madness and/or click on my March Madness category link and scroll down to read…

]]> By: My Financial Journey » A lottery winner that isn’t a complete disaster yet http://myfinancialjourney.com/archive/get-rich-play-the-lottery-somebody-has-to-win/comment-page-1#comment-547 My Financial Journey » A lottery winner that isn’t a complete disaster yet Fri, 02 Mar 2007 15:20:01 +0000 http://www.myfinancialjourney.survivingkids.com/archive/get-rich-play-the-lottery-somebody-has-to-win#comment-547 [...] other related news the same year Brad Duke won the lottery 67 people were struck dead by lightening in the U.S. (note: 9 out 10 people struck my lightening [...] [...] other related news the same year Brad Duke won the lottery 67 people were struck dead by lightening in the U.S. (note: 9 out 10 people struck my lightening [...]

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