September 21, 2008

Karma: Truth or is it just a lie we tell to ourselves?

Posted in America, children, Comedy, decision making, gambling, Humor, karma, lie of the day, life, Lottery, managing money, meaning of life, men, Personal, responsibility, satire, true stories tagged , , , , , , , , , , , , , , , , , , at 3:52 pm by keithwilbur

A few weeks ago I posted on Lie of the day about the lottery being a tax on the poor.  I believe there is some truth to that statement. Don’t get me wrong through, I used to buy lotto tickets now and then, but had stopped buying them because I seemed to never win anything.

It had been about a year since I bought a ticket. Well the other day I was filling my truck with gas and bought a dollar lotto ticket. In the back of my mind I was thinking that karma might help me win because karma in my case always wants to prove me wrong. Sure enough – I won. I thought to myself, hmmm, I posted some thing about the lotto screwing the poor and I win two dollars? Then I think about the old line that karma is a bitch and here at this point in my life, I have come to grips with karma by writing ‘the lotto is a scam’ post about screwing the poor out of there hard earned dollars – by winning! Well being the wild gambler that I am and knowing that karma is going to make sure I win, I decided to go all out – so I buy another two dollar ticket and as Karma would have it I win five dollars this time!

I decided to not push my karma any harder, knowing that karma was using me to take the food out of some poor child’s mouth. So I took my booty and put it in my wallet and hung my head in shame.

Do you think that Karma is real or is it just a lie we tell ourselves?

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September 5, 2008

Is the lottery a scam to tax the poor? truth or lie

Posted in America, decision making, family, gambling, hope, losing, Lottery, managing money, Personal, Politics, responsibility, Society, Taxation, the poor, Trends, winning tagged , , , , , , , , at 1:01 pm by keithwilbur

How the Lottery Can Ruin Your Life
The article below is from Dave Ramsey. You can visit the original, using this link
Perhaps the quickest way to ruin your life is to win the lottery.

Don’t laugh. Lots of people think that instantly coming into a few million dollars means life on easy street, money that will be around forever, and no need for responsibility or work.

The truth is very rarely does it work out like that for a lottery winner. Unfortunately, a new study published in the Journal of Behavioral Decision Making finds that people who feel poor are more eager to spend money in an attempt to get rich (this is a good “duh” moment). One recent report found that families who make under $12,400 spend about $645 a year on lottery tickets.

Many poor people are fooled by what they think it means to win the lottery. It’s usually the worst thing that could ever happen to someone.

Coming into a quick pile of cash usually means that people will come out of the woodwork looking to get a piece of your pie. Third cousins whom you didn’t even know existed will call and hit you up for money. You’ll get letters in the mail from complete strangers with every sob story imaginable (unemployed, sick children, in a wheelchair, etc.) in an attempt to get sympathy points and money from you. It puts a big target on your back, and most often it takes you out, too.

When you are feeling the money crunch, the last thing you want to do is spend what little money you have on a super-long shot for money. The odds of winning a lottery are literally about 1 in 125 million.

  • You are 66 times more likely to die from a snake bite.
  • You are 2,001 times more likely to die in the electric chair!
  • You are 2,201 times more likely to die from a hornet, wasp or bee sting.
  • You are 1,488,095 times more likely to die in a car wreck on the way to the gas station to buy the lottery ticket.

Does all this sound ridiculous? GOOD! It’s supposed to sound that way! Banking on winning the lottery is about as ridiculous as it gets!

Think about this for a second. The less money you have, the more wisely you need to manage it because you don’t have as much room for error. When you make a budget and get out of debt, you have some breathing room. Your budget can get busted when an emergency comes up, but that’s why you save up an emergency fund. The ultimate is when you start investing the money you have. The reason for that is eventually your money will grow to enormous sums because of the power of compound interest.

Forget the lotto. Working hard and saving money is the only surefire way to make money. It works every time … unlike the lotto.