Lottery Jackpots are Out of Control…
FINANCE:
▶️ See What I Invest In + Private Community:
🔰 3 Fund Portfolio:
💳 My Favorite Credit Cards ➭
💸 Best High Yield Savings:
🐪 Hump Days Newsletter ➭
RESOURCES:
💵 Free Templates:
👾 Join the free Discord Community:
🌍 My website / blog:
WHO AM I?
Hello 👋 I’m Humphrey, I used to be a financial advisor, worked in gaming/tech, and started my own eCommerce business. I make practical, rational content on investing, personal finance, the news, and much more with a data-backed approach. My goal is to help you with financial literacy and creating wealth.
PS: I am no longer a current Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel!
SOCIALS:
Second Channel —
Instagram —
Twitter —
TikTok —
Rickie (Editor) ➭
⏱️ Timestamps:
0:00 – Start Here
I’ve seen my dad constantly do lottery and have calculated how much he could have gotten if he just saved the money in an HYSA…so no I’m never doing lottery of any sort 😅
Considering lottery tickets cost a whopping 2 dollars. No amount of money he could spend on lottery tickets would make any actually meaningful interest in an HYSA, unless your dad is like emptying his savings account on lottery tickets (in which case, you need to have an intervention and get him help immediately).
Lottery is the idiot tax.
It is a tax on wishful thinking
..but then you cant win if you dont play.
You also can’t lose.
@fernandomachado1728 yes, but it was worth it
I just started buying 5 dollar scratch offs and I have lost miserably and yet every time I go food shopping I still buy one. I am an idiot. 😊
I don’t factor in the mathematics. i buy lottery tickets only if i had a good dream. they say in asian culture, if you see lots of water, poop or pigs, go for it!
Maybe I’m an outlier but I don’t buy lottery tickets because I think I’ll win. I buy one every once in a while as an escape, imagine what I would do with the winnings, etc. It’s a fun thing to do, not my retirement plan
this argument never made sense to me because you can do all that…without buying the ticket. if you want a fun thing to do, any money spent on the lottery ticket can produce more fun in any other way
I only buy one a month, but never more. If I win dope! If i loose, im not risking much either.
Never played, never will.
Holding AWS32K and SHIB tight, we def gonna hit that 15x soon. FOMO is real!
Poor person’s tax
Lottery doesn’t make sense. Just the government taking even more, especially from the poor. But individuals are free to spend their money however they want.
Idiot tax…
You should explain pot odds.
Tax on stupid ppl.
Lottery is a total waste of money and designed for poor people. At first, It may not seem like a lot of money you might be spending on lottery whether it’s monthly, or weekly when you zoom out and look at annual expenditure it could be hundreds of dollars you could parked elsewhere. And if you do win, I feel like more bad things happen to you along the way and you end up with less than zero. Lottery is a terrible concept that preys on the lowest income earners in hopes of winning it big.
I spend 10 bucks total per year on tickets, usually on a 1B+ pot.
That 0.0000006% chance still gives me hope, and it’s fun.
The logic is that buying a second ticket you effectively double your odds. But it’s just doubling something that almost doesn’t exist.
So you’re saying there’s a chance
😂😂
Lotteries = tax on the stupid
Those odds are higher than not playing at all haha