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Lotteries Are for Losers: Kick the Habit and Become a Millionaire
Massachusetts has the highest-ticket players. Suppose those Massachusetts lottery players simply took that cash and funded a tax-free Roth IRA with that $17.80 per week. If they were somewhat "lucky" and achieved 10% average returns, about what the S&P 500 does long-term, their Roth IRA value would grow to north of $486,000.
https://finance.yahoo.com/m/45e03f4...8a7d/lotteries-are-for-losers:.html?.tsrc=rss
Massachusetts has the highest-ticket players. Suppose those Massachusetts lottery players simply took that cash and funded a tax-free Roth IRA with that $17.80 per week. If they were somewhat "lucky" and achieved 10% average returns, about what the S&P 500 does long-term, their Roth IRA value would grow to north of $486,000.
https://finance.yahoo.com/m/45e03f4...8a7d/lotteries-are-for-losers:.html?.tsrc=rss