How Realistic Is It To Win The Lottery

How cool would it be to win $100 million dollars? Heck, $10 million? I bet you're thinking that even $1 million dollars would be nice. I'm sure almost every American has entertained romantic visions of winning the lottery--the prospect of buying a $1 ticket that creates millions of dollars in wealth, taking care of you for life. It's a nice concept. Too bad, it probably won't be you. After all, the odds of getting in a car accident on a given day is about 1 in 250,000. The odds of winning the lottery? One in about 160 million. Not odds you'd want to bet on. But yet, that is exactly what millions of Americans do each week when they purchase a lottery ticket at their local grocery store or gas station. It's a shame considering that winning the lottery doesn't even guarantee financial success. Millions of Americans who have won the lottery have ended up broke, bankrupt, and in a far worse position than they were before they won the money. But yet, millions of Americans continue to dream on, spending $5 a week on lottery tickets. It's sad, really. If they would take that $5 a year, which equals $20 a month, and put $240 into Berkshire Hathaway for 30+ years, they'd be in much better shape than if they had bought worthless lottery tickets. To read a fascinating article on the futility of winning the lottery, be sure to check out Trent's article at The Simple Dollar, link here: http://www.thesimpledollar.com/2011/07/06/why-the-lottery-isnt-the-answer-to-your-problems/