Lottery: Wrong Way to Build Your Wealth
About one out of five Americans believe that winning the lottery is the most practical way of attaining personal wealth. Among Americans with salaries of $25,000 or less, 38 percent believe the lottery is the way to go, although they know that the odds of winning the lottery are ridiculously remote -- approximately one in a gazillion.
Financial experts like Barbara Whelehan however advise that expecting to get rich by winning the lottery is just not realistic, and those who do win the lottery do not always achieve lasting financial security. Among the many other practical wealth-building strategies, optimistic planning is the key.
This article on BankRate extends the analyst and introduces the concept of personal financial ratios towards an elegant road map to financial health and retirement -- worth your five minutes.