Myth Of The Lottery Essay

There are many myths and truths to the financial and business world. Some being common day things that are socially accepted in our economy to the out of the ordinary. But there is one myth that I want to put the spot light on. And that is, Myth- The lottery is a gate way to financial independence and prosperity. But the real truth is that is it a tax on the poor or to anyone who plays it frequently. It can not only lead to addiction but it costs Americans hundreds or even thousands of dollars just to have a chance at winning. Our minds cannot naturally cope with the reward we will get if we win. Leading to over spending and addiction, especially if the buyer feels poor. They are twice as likely to buy more lottery tickets than as a regular middle class human being. The lottery is focused on the poorer people of the economy because they can use the person
Each ticket costing between $1-20 dollars each. The chance of winning the lottery if it was 6 numbers out of a pool of 49 would be 1 out of 14 million. The chances of winning are so low that it should not even be worth the time and the money for something of so little chance. It much safer and smarter to invest in a mutual fund because not only you win every time but also grow wealth over years of patience. One or some may argue that “what happens if you actually do win the lottery?” Well you will be rich and wealthy but the odds of that happening to you are 14 million to one. And actually most lottery winners end up being broke not long after they win due to their irresponsibility to handle so much money that they never handled before often throwing their life’s away. The lottery tricks people into buying lottery tickets because they make people feel as they have a good chance of winning but in reality it is almost to none. Which is why I consider it a tax to the uneducated and the