Games of Chance

Jackpot!!!Yes. This week I tossed in $2.00 on Tuesday and again today. I’m a part of the 40 people in my office who are gunning for the Powerball Jackpot (estimated value of $600,000,000 at the time of this writing).

If We Win, We’re Outta Here!

If my office wins, then there might be two to three people left here to run the show. My apologies to all of you who have insurance through us. We’ll make sure to help facilitate the transfer of your policies to another agency. After our big vacations, of course.

If our 80 tickets somehow include one with the winning numbers, then all will be wonderful in the world. Rainbows, unicorns, and drinks with umbrellas. And retirement funds for life – right?

Great for Fun, Not For a Plan

But of course, we probably won’t win. As a matter of principle, I recused myself from a similar pool a few years ago. I decided, even if a few dollars a month wasn’t much, that I needed different habits.

If not different habits, I needed a different mindset: Tossing $2-$10 a month at a game of chance is not a sound financial strategy. It’s not really even hope. So I stopped.

In all honesty, it was simply a little fun. I always knew it was a waste of money, but there are folks out there who, if they don’t win the lottery, will work until they’re 107 at the rate of their retirement savings.  Their lottery ticket is their retirement plan.

Games of Chance vs. Increasing Your Chances

Games of chance and haphazardly throwing a literal or figurative $1 or $2 at important priorities are not plans.

It’s not a plan for retirement. It’s not a plan for personal health. It’s not a plan in marriage. It’s not a plan in taking care of a business.

All things that we consider important require steady, well thought-out approaches. They require planning, not blind betting.

Care for the vital areas of our lives and businesses require knowing the preferred situation or results and implementing a dedicated plan.

  • If I want to lose weight, then I have to lower my calories and increase my exercise. I have to buy the right food so I can eat well. I have to get up 30 minutes earlier so I can break a sweat.
  • If I want to have financial freedom later in life, I have to cut back on spending, cut up my credit cards, and have a consistent saving habit.
  • If I want to have a good marriage, I have to put boundaries around my work and hobbies and commit thought into dedicated alone time, without kids, with my wife.
  • I won’t give an insurance or risk management example. You can contact me at if you care to discuss that. We’ll keep today rather light.

So this weekend… don’t take your chances.

Sure buy a ticket or two, but just remember that that ain’t the ticket in the long run.



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