They WON the Lottery!

Have you ever thought about what it would be like to win the lottery? Let’s face it: there are plenty of individuals who dream about winning the lottery, but few who dream about it actually win.

The first issue that one should keep in mind when playing the lottery, whether it’s the UK Lottery, the United States Lottery, or any other lottery throughout the world, is that your chances are very slim. However, this is probably most of what attracts many individuals around the world to take part in national and state lotteries in the first place.

A second, and perhaps most important, issue that one should think carefully about before playing the lottery is how much winning a national or state lottery will change their life. There are many true stories about individuals who have struck it rich by winning millions of dollars in the lottery, but then somehow losing it all in fame, fortune, or even death.

For example, there are several cases where individuals have won plenty of money in the lottery, but for whatever reason have declared bankruptcy a few years later! This could have resulted from carelessness with spending the lottery winnings, but another possibility is that lottery winners may be robbed of their money!

If one just thinks for a moment at how much publicity they’ll receive from winning the lottery and how much their friends and families attitudes will change towards them if they actually win the lottery, then chances are that those who have already won would take it all back if they had the chance to!

On the other hand, there are so many great things and accomplishments that one can take on if he or she wins the lottery. Considering the fact that national lotteries and even state lotteries have very high stakes then this means that an individual usually probably ends up winning over a million dollars or more!

Not only would you be able to put away some money for your children’s college fund, but you’d probably also be able to put money away for your grand children’s college fund, as well as for many other things, including vacations, retirements, new houses for yourself and your family, and even new cars if desired. Retirement is also another issue that is usually saved up for after the lottery has been won, as well as saving for vacations, extra houses, and even brand new automobiles!

As mentioned, though, chances of actually winning the lottery are very, very slim. In other words, you are essentially spending the income that you now have on lottery chances when you could be spending the money on other very important things, like food, clothing, or necessary bills.

Many people don’t realize how much their spending on lottery tickets actually stacks up, but when you calculate the amount that a person spends in a whole year or more on lottery tickets alone the savings could be very huge for someone who lives paycheck-to-paycheck.

Yet, there are millions of people who play the lottery either daily or weekly with no qualms or regrets about it at all. All things considered, winning the lottery can be a great thing for practically everyone. Knowing some of the risks that come with playing and actually winning the lottery, though, is something that must be thought about!

they won the powerball

Do you think you would get hit by lightning? Then why play the lottery; the chances are similiar. Follow these simple steps to guarentee you have a lottery sized bank account.

Are you counting on winning the lottery to secure your financial future? According to Farm Credit of Western New York, 16% of Americans are. Unfortunately, for those 16 percent, you would have better odds playing the tables in Vegas or getting struck by lightning.

Sure most of us know counting on winning the lottery for retirement is a big gamble. But for young adults if you’re expecting social security or pension plans to secure your retirement that is just as risky. If you’re under 40 you probably won’t get money from any of the above mentioned sources. Don’t be scared, there is an easy way to make sure you can afford to retire young without a lot of effort on your part.

What if I told you for only $73 dollars a month you have a good chance at enjoying a $1,000,000! No not the lottery; by investing $73 a month starting at age 18 you or your child could reach the million dollar mark without a lot of effort. Everyone can live stress-free when you know that you are secure financially at a young age.

Young investors have a huge advantage and by following a simple and consistent plan you will have what 16 percent of people are desperately hoping for everyday. A lottery jackpot that is guarenteed! Fix the game, retire young and secure your own big winner by using a powerful financial force.

This powerful money principle, that will almost guarantee every young person generates their own lottery winnings, is ‘compounding interest’. Compounding interest has a snowball effect on your money and the earlier you start a consistent investment plan the easier achieving financial freedom will be.

Compounding interest? If you have you ever experienced debt you’ve seen compounding interest work against you. You pay your bill every month but your credit card bills keep getting bigger and bigger. That’s compounding interest working against you. If you have experienced this then you have felt how powerful the effects of compounding interest can be. Avoid the debt traps that have plagued so many of us and get compounding interest to work your favor.

The definition of compounding interest is: income from interest that is earned by the amount you invested plus the interest already earned from prior periods. To break it down, your investment is paying you money on the principle amount you invested plus the return you that you have already earned. Basically you are generating money from your hard earned cash that you personally invested and what that original investment has already paid you.

By getting compounding interest working in your favor you are able to make money off money you already made. This creates a snowball affect on your money where it is able to grow larger and larger over time. The sooner you begin, the more time that you are able to benefit from compounding interest.

Just by reinvesting money that you’re investments returned, the money you earned in interest last year is making you money. This is powerful because after 10 years of returns you will be making money off all your returns for the prior 10 years.

Jump online and check out free compounding interest calculators to see for yourself. It’s motivating to see first hand the powerful effects that compounding interest has on your money.

Calculating compounding interest. Mess around with a compounding interest caculator. Seeing the effects of compounding interest first hand is a powerful motivator. You can access a compounding interest calculator by visiting www.FreeBy30.com/investing.html. What’s more, you can calculate it manually by using a hand held calculator. In order to do so just enter the initial amount that you are planning on investing or already have invested. Then multiply that by the rate of return you are estimating.

To illustrate, if you had $2,000 invested and thought you would get a 12% return then you would multiply $2,000 x 1.12 = $2,240. The second year you would use $2,240 x 1.12 = $2,509. After 10 years that would be up to $6,212, $19,293 after 20 years and $59,920 in 30 years. That’s $59,920 from a $2,000 original investment.  That’s an example of the power of compounding interest!

Compounding interest goals. This section will give you investment goals that you can attain using the power of compounding interest. The examples presuppose that an investor is starting with $0 and using an annual return of 12%.

Investing $100 per month and you may reach the million dollar mark in 38 years. Investing $200 per month and you may reach the million dollar mark in 32 years. Investing $400 per month and you may reach the million dollar mark in 27 years. Investing $700 per month and you may reach the million dollar mark in 22 years. Investing $1,200 per month and you may reach the million dollar mark in 17 years.

How leverage can boost the effects of compounding interest. Using leverage will supercharge the effects of compounding interest. Real estate investing is a vehicle that will allow you to benefit from leverage.

When you invest in stocks for instance, you are generating a return based on the principle amount that you invest. Real estate allows you to earn returns based on the value of the property. To illustrate, if you had $20,000 invested in the stock market and your stocks appreciated 10% you would make $2000 the first year. Not bad.

Now with real estate you could purchase a home with a 10% down payment. That would allow you to buy a $200,000 property with the same $20,000. Your return is based of the asset value of the property you control - in this case that would be $200,000. So the value of your property after the first year would be $220,000 ($200,000 x 1.1).

In a perfect world where the property increases ten percent annually, the value in the third year would be $266,200 and after 10 years it could be valued over $500,000. When you are able to leverage your investments, compounding interest may work more to your advantage. Investing in real estate may allow you to amplify the power of compounding interest.

Compounding interest - your advantage. Using the power of compounding interest - whether in the stock market or real estate investments ‘ will give you a many financial benefits. It is important to note that the sooner you are able to start saving and investing money the greater financial benefits you will experience.

So the next time you’re thinking about dropping ten bucks on the lottery ‘ think again. Go for the sure lottery jackpot by investing that in your future.

big lottery winners

You have heard it time and again. Lottery Winners losing it all and trust fund babies wasting their parent’s hard earned cash. In fact, up to 80% of the lottery winners in this coun”That would never happen to me. You would have to be really dumb to lose all that money.” Yet the very reason that these individuals let their money run through their fingers is the very reason that most of us are still working pay check to paycheck.

It is a lacking mindset that is responsible for our financial difficulties. Those with money that work their way up from the bottom or build the wealth they have easily, have the one thing that most of us lack - a million dollar mind set. All wealth begins with it and all wealth is maintained by cultivating this feeling of prosperity.

I would bet that most of us could compile a list of hundreds of things that we “want.” That sense of wanting means that we feel that we do not have these things. When we replace this wanting feeling with the sense of already having wealth, amazing things start to occur within our brains. We begin to come up with ways of having wealth instead of merely wishing and wanting it.

How do we create this million dollar mindset?

1) Think about being wealthy and write down any thoughts that come up.

Write down the objections that already play in your mind. Write down the excuses like “It takes money to make money.”And write down all the things that you wish you could have if only.

2) Release on those thoughts. Let them go and keep letting them go until the negative emotions go away with them.

3) Replace negative thoughts with positive ones.

4) Fill your mind with the images of what you want and picture yourself already having them.

5) See yourself as you will be. Feel what you will feel. Add audio and even the things that you will smell when you reach that state. ex. the type of perfume you might wear, the sound of bankers begging to give you loans, the feel of silk upon your skin, etc…

6) Keep releasing your negative emotions and thoughts until you have what you have been wanting all these years.

7) Act upon the incredible ideas that your subconscious shares with you fearlessly.

Gaining wealth is easy. It is simply a matter of letting go of your fears and doubts and going for what you truly desire.

All about diabetes