Search Results for: blog are you planning on winning the lottery

Lottery for Saving

Would you rather save or spend? When you dream about winning the lottery, is your first thought about how you’re going to save or invest the money? I’m sure I’m the norm; I know how I’d spend the money. I don’t want a lot, though. I want to pay our debt, buy a bigger car, and hire a maid. Yes, I’d save, but I’d spend first. We need to spend less than we have coming in. Having a healthy savings account in addition to an emergency fund is good financial planning. Is having money in the bank its own reward? … Continue reading →

The Lottery Can Be Good For You

Even if you don’t win, playing the lottery can give you a different sort of payoff — an emotional one. The anticipation and excitement and hope of a lottery win activate exactly the same parts of your brain that an actual win does! Neuroscientists have been investigating the power of anticipation, and when it comes to the lottery and other cash prizes, you’ll still win big even if you don’t hit the jackpot. Think about it for a second — buying that lottery ticket kicks your imagination into gear. Whenever I buy a ticket, I spend a lot of time … Continue reading →

How Are You Going to Spend Your Tax Refund?

What are you planning on spending your tax refund on? There are several options available for you. No matter what you decide to do, you need to exercise caution as you use this money so that you do not spend more than you actually receive back. One option you have is to pay off part of your debt with your tax refund. It can be satisfying to see large amounts of debt quickly eliminated. It is important that if you do decide to pay off your debt, that you do not simply rack up more debt for next year. You … Continue reading →

Are You Planning on Winning the Lottery?

Do you keep telling yourself that someday that your finances are just going to sometime magically fix themselves? Do you tell yourself when you get the next raise or promotion that you will finally be able to make ends meet? Are you looking forward to receiving that inheritance, because you can use it to pay off your debt and begin to save for your retirement? Do you dream of the day when you win the lottery and all your concerns will be taken care of? The reality of the situation is that until you change the way you manage money, … Continue reading →

Doing the Right Thing

Imagine how you would feel if your child scored a $54,000 scholarship to UCLA. For many parents, it would be akin to winning the lottery. After all, college ain’t cheap… well, unless you are a multimillionaire. What? You don’t think the wealthiest of the wealthy have to watch their Benjamin? It’s hard being rich and famous. Just ask Sean “Diddy” Combs. The rap mogul is considered one of the richest men on the planet with an estimated fortune of more than $550 million. With all that cash flying around, you’d think Combs could easily fork over the money needed to … Continue reading →

Sudden Inspiration

Most of the time, I feel like I am working and plugging away at my home business. I don’t necessarily feel bogged down, but I cannot say that I am one of those people who you see on television interviews who claim that they have the “ideal” job and that they are getting paid to play. Usually it is over-paid celebrities who really are playing for pay who say this but occasionally an entrepreneur will share that he is living the work-less dream. That is not me. That is probably whey when I get those sudden bursts of inspiration, it … Continue reading →

Dealing With Sudden Windfalls

When you receive a sudden windfall of money, it is important to use this money wisely. Well, it is important to plan on how to use this money. Often people will receive a large sum of money from bonuses, tax refunds, inheritances or settlements and the money will seem to magically disappear. Often people will spend more than they received and end up worse off than they were before. Here are five tips on how to handle a sudden windfall. 1) Before you do anything with the money you should sit down and plan what you want to do with … Continue reading →

Changing Expectations

If you are having difficulties with your finances or if you are always focusing on what you do not have you may need to change your expectations. It is important to realize exactly what your expectations are and whether or not they are realistic financially speaking. Not everyone is going to be able to afford a new car every three years and a big new house. You may not always be able to go on the nicest vacations. It can be difficult to realize that your expectations are not realistic. It is important to realize that life comes in phases. … Continue reading →