Flagpole Willy wrote:
The average lottery player spends $32 a week on lottery tickets.
That's $1,664 a year. From age 20 to age 65 that's $74,880.
Invest that money in a mutual fund and at age 65 instead you'd have $1,041,435.63.
Since you pay for lottery tickets with after tax dollars, you could do the same and have that money in a Roth IRA which would mean that upon retirement you'd have over a million dollars tax free. Stout.
And that's just $32 a week. Do several hundred a month and you're talking multimillionaire AND retiring before age 65.
I cringe when I see the long lines of poor people lined up to buy tickets when their is a big payoff. People who can least afford it.