Why I said mega millions numbers isn’t the solution to get rich? Do you want to know how really make millions fast and easy without getting into lottery? If you are following this blog, you learned already how to invest money in stocks, mutual funds, unit trusts, real estate and starting your own business. The reasons why I choose to talk about mega millions numbers today is because I want to share the secrets of the truly rich (the billionaires) when it comes to wealth accumulation. Are billionaires play the lottery game to make more money? Most of them played the game of the rich, the stock market!
This means, if you want to get rich like them, play what they are playing, and learn how do they win in these money games. According to T. Harv Eker, the difference between poor people, average and rich people are the way they play the money game.
In his book Secrets of the Millionaire’s Mind, he said;
Rich people play the money game to win. Poor people play the money game to not lose.
Interesting statement, right? I believe playing money in the lottery is one of the biggest mistakes many people do. If they will invest $1 or $365 per day that earns at least 10% per year, they will make approximately $6,000 or more in 10 years. (see figure 1.1)
But, why the didn’t want to? It is because they want to become rich instantly. I have heard and read many books related to lottery winners in Texas, New York and California or in the whole world, who became instant millionaires but ended up as broke.
Mega Millions Numbers Isn’t the Solution to Get Rich
The concept of getting rich slowly but surely is still the best. If you make money fast, the chances of losing your money is also fast. But, that will depend on how you will manage your winnings. Example, if you make $1,000,000 in lottery, would you choose to spend it all or you will buy income generating assets like paper assets and real estate properties?
In the book of David Kind, entitled You Can Be Rich, it stated that “playing money in lottery or sweepstakes” is one of the income-wasting habits. There are many books that can support this post to justify “Mega Millions Numbers Isn’t the Solution to Get Rich”.
If I were you, I will start doing the following to prepare my financial future, by playing lottery and always expecting to win isn’t wrong, the wrong in that habit is that you are wasting your opportunity to take advantage the use of compound interest.
To make things clear, how does compound interest works, see the Future Value of $1,000 after 20 Years and you will get amazed. Maybe you think, the amount of money I need to be specific is $1,000,000, that’s why I am playing lottery, can you suggest something to make millions?
Yes, maybe you have home loans or so much debt you need to pay. I understand why you need instant millions. FYI, to get rich, yo need to invest. And the moment you play the lottery, that’s the first moment you invest money. Sad to say, it’s not the proper way to invest money.
My suggestion is to do following to make your first million dollars instead of waiting to win in the lottery, jackpots, mega millions, grand lottos, etc.
- Manage your finances every month. Have time to budget your income.
- Set aside money to invest for your financial future. To have a self discipline in investing, you need to know how to pay yourself first.
- Choose one of these types of investments, be focused, keep on investing every month until you acquire your first million dollars.
- To make millions faster, you need to start your own business. Think a better ideas on how to increase your income.
- Make $2,740 per day, do whatever it takes to make two thousand seven hundred and forty dollars everyday.
- Do it within 365 days, if you make two thousand seven hundred and forty dollars everyday, you can make more than $1,000,000 every year.
So, instead of knowing how to win on the lottery, instead of searching the lottery results, or the winners, you better start studying personal finance, investing and increase your skills and knowledge on how to earn money everyday (not in the lottery). Instead of searching how to make millions playing lottery, try to know how to become rich investing in stocks, real estate and business ownership.
I know you know Warren Buffett and Bill Gates, the are investors and entrepreneurs. Bill Gates is the richest man in the world, while Warren Buffett is the third wealthiest man. Are they spending money playing lottery, I think no. They spend their time and money in investing, business and entrepreneurship.
There are many books that can justify my post, it is true that you can make millions in lottery instantly, but you are only wasting your opportunity to make millions in the near future if you keep on playing it. Do you have any ideas why other people wants to become a millionaire instantly? What can you say about this post? Did you find it useful? Let me know your reactions, comments and suggestions using the comment box below. Thank you!