Debt reduction - Why the lotto is a loosing proposition

A lot of people like playing the lottery and it’s probably even fun (though I’ve never tried it) but I still don’t understand why the same people who want to get out of debt and build wealth continue to throw their money at it.

Do you know that you have a better chance of getting hit by lightning while falling into a hole filled with rattlesnakes? I’m serious, the odds really are that astronomical.

Care to guess what your odds are of reducing your consumer debt by that same amount of money spent on a bum ticket? Why, one in one of course! It’s a guaranteed win!

I know it sounds simplistic but if I was a betting man, I’d think that those are odds I could definitely live with.

Getting out of debt may be tough, but the principles are not outlandishly complicated. You just have to get started somewhere and if skipping the lotto this next time around is one way to do it, then do it! It’s a guaranteed win every time.

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This is the very same system I use to manage my finances:
Online Personal Budgeting System