Tag Archives: dr. finance

Dr. Finance: Should I Buy Some Lottery Tickets For The Mega Jackpot?

When the lottery jackpot gets up to a billion dollars, Dr. Finance says it’s time to go All IN.

Jackpot, Nevada – Dear Dr. Finance: You’ve previously stated that gambling is a tax on the stupid. But would you say it’s OK to buy a lottery ticket when the jackpot gets up over a billion dollars? Thanks, Zephania Winther

Dear Zephania: Buying lottery tickets normally is something I would not recommend. Since the odds are so against you, any sort of gambling is definitely a tax on the stupid.

However, when the jackpots reach ridiculous levels, such as the Mega-Millions lottery game, it then becomes time to go all-in.

At this juncture, I would strongly recommend that you buy as many Mega-Millions lottery tickets as you can comfortably afford.

I myself am using the equity in my home to purchase as many tickets as I can between now and the time of the next drawing.

The chance to win a giant jackpot of $1.6 Billion rarely comes along, so, to answer your question: I would say it’s more than OK to give it a shot because someone has to eventually win it and it might just be you!

To be super proactive, you may want to have the phone numbers of a good accountant and attorney near by.

Dear Dr. Finance: Is This A Good Time To Buy Gold?

Dr. Finance has almost completely filled the FMO corporate break room with gold bars.

West Fargo, ND We recently received a question for our very own Dr. Finance from a Mr. Don Salberg.

Mr. Salberg writes: Dear Dr. Finance, Is this a good time to buy gold?

Dear Don: Yes it is! As the chief financial officer for the FM Observer Corporation, I have green-lighted the buying of gold bars for some time now.

If you buy on a regular basis like we have been doing, you will be able to dollar-cost-average your way into the gold market.

With gold at about $1,200 per ounce, this does seem to be a favorable time to purchase gold.

The FM Observer break room is now almost completely full of pallets of gold bars, and we plan on buying more until there is no more room.

Ironically, all the letters in Don Salberg can be electroplated to spell: Golden Bars!

Dr. Finance Explains Negative Interest

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Dr. Finance knows money. That’s why his latest book is called ‘Know Money’.

Green Bank, NJ – Dr. Finance is back by popular demand to answer another money question from one of our smarter readers.

Ms. Evette Ragsdale from Square Butte, Montana asks: Dear Dr. Finance, On a local radio talk-show, a financial expert mentioned the term “Negative Interest”. Could you please explain what this means? Thanks, Evette

Dr. Finance: Thank you, Evette, for that interesting question.

1. The term “Negative Interest” was first coined when scientists in the lab noticed that positive ions were only interested in attracting negative ions to be their life-long spousemates.

2. Later, movie-maker Woody Allen made the term a household phrase in one of his earlier movies when he was not invited up to a woman’s apartment at the end of their first date, because she had “Negative Interest” in pursuing a relationship with him because of his quirkiness.

3. More recently however, that same phrase is being applied by large banks which used to happily help a youngster open a savings account with the coins in their piggy bank. Since it’s usually such a small amount of money, the banks have “Negative Interest” in helping smaller investors because they would rather spend their time helping rich people like Rachel Maddow, who makes seven million dollars a year.

If you have a money question for Dr. Finance, please mail it in a green envelope along with at least $100 cash (for shipping and handling) to the FM Observer, attention Dr. Finance.

Dr. Finance: What To Do With Too Much Money

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Never fear, Dr. Finance is here!

Money Creek, Illinois – Dr. Finance is back with another excellent reader-submitted question:

Dear Dr. Finance: My husband and I feel like we have way too much money.

What should we do to make us feel better about ourselves?

Sincerely, Mimi Gladstone

Dear Mimi, from Money Creek:

Thank you for your great question.

This is one I get a lot because of our robust economy.

Mimi, here are 20 recommendations for you and your husband if you feel you have too much money:

1. When dining out, increase your tippage (for example: on a meal that costs $50, tip $500).
2. Get 1,000 Randy Moss autographs at $84 per autograph.
3. Pay all your local TV weather forecasters to wear bright green clothing during their weather reports.
4. Start your very own NASCAR team.
5. Announce free drinks all night at a biker bar and secretly videotape the whole thing for YouTube.
6. Get addicted to eating White Truffles.
7. Buy and give a Pembroke Welsh Corgi to every person who lives near people you don’t like.
8. Sponsor nation-wide treasure hunts and give clues during paid infomercials.
9. Build your own Space Station as a nice little get-away.
10. Join multiple churches just before they begin their annual Stewardship Drives.
11. Invest in Amtrak or the United States Postal Service.
12. Call the IRS and tell them the income on your last 3 years of tax filings was grossly undereported.
13. Declare your candidancy for President of the United States and run an aggressive campaign.
14. Start your own bank and provide high-risk loans.
15. Help pay off part of the US National Debt which is over $18 Trillion.
16. Consider becoming part owner of the Dallas Cowboys.
17. Over your town, do a helicopter fly-over drop of $100 bills every weekend, like The Joker did in Batman.
18. Go shopping at your local mall and ask the Mall Manager how much for the whole place.
19. Hire Beyoncé to sing at your next birthday parties.
20. Put your money into a Living Trust and name me as the beneficiary.