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

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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.

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Johnnny

Contributing writer since January, 2013. I've been described by myself as a piano-playing omnivore who hates typos but loves chocolate milk in his coffee. As a Life Coach, some lessons I like to pass onto others are: 1. don't stare at strangers, especially in jail, 2. don't leave fun to find fun, 3. never pet a burning dog, 4. don't eat more than you can lift, and 5. when in doubt, jot it down. Click on any picture in my posts to see them in their full glory. All have been tweaked with either PicMonkey.com or Pixlr.com/Express or Lunapic.com :o)
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About Johnnny

Contributing writer since January, 2013. I've been described by myself as a piano-playing omnivore who hates typos but loves chocolate milk in his coffee. As a Life Coach, some lessons I like to pass onto others are: 1. don't stare at strangers, especially in jail, 2. don't leave fun to find fun, 3. never pet a burning dog, 4. don't eat more than you can lift, and 5. when in doubt, jot it down. Click on any picture in my posts to see them in their full glory. All have been tweaked with either PicMonkey.com or Pixlr.com/Express or Lunapic.com :o)