This week I have read 3 articles on the newspaper about Lotto. There is an amazing jackpot tomorrow. PHP130,000,000!!! That's a lot of zeros! Imagine if I win! I better go and buy a ticket... Hold on! Before you go out and buy a ticket, I'm going to give you a dose of reality. Do you know the odds of winning Lotto? It’s 1 in 14,000,000!!! Do you know what this means? It means that on your way to the lotto outlet there is a much greater chance that you will die from getting struck by lightning (only 1 in 2,000,000) than buying the winning ticket!!! So stay at home na lang. It’s safer.
So what does this mean? Am I saying that you will never be wealthy? Wala na bang pagasa yumaman? I'm here to show you a better way, with much better odds of winning. I can almost guarantee that you will be a millionaire.
Do you gamble on lotto every day? PHP10 on the 6/42 and 6/45 draws? PHP20 on the 6/49 (Super Lotto) draws? If you play every day on all of the Lotto draws you spend about PHP110 a week.
Now you are saying... It's a small amount of money... ‘wala yan’... How can that make me rich? That money that you spend on Lotto, invested in a mutual fund with an annual compounding return of 12% over 30 years is PHP1,380,422.95. What do you want the guaranteed PHP1.3m or the PHP130m that will NEVER happen! When you buy a Lotto ticket you are literally just giving the money away. It’s better to just spend the money on something worthwhile like food. At least with that busog ka pa. And don’t fall into the ad campaign that you are giving to charity. Most people who play Lotto are the poor who need the charity. Let the wealthy give to charity. But I tell you what, the wealthy don’t play Lotto!
You have to change the way you are thinking. 'One time big time' mentality is just not going to work anymore. If you genuinely want to be rich you have to save your money and invest it. Get yourself a piggy bank. And instead of going to the lotto outlet to buy a ticket, put the money in the piggy bank. Remember... small amounts of money invested on a regular basis can make you rich!
For more information on how I can help you email me on hoover@barongroup.com.ph.
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