By Dave Ramsey
Q: I’ve been playing the lottery a bit lately. I’m a Christian and I was wondering what your views are on this. We’ve been struggling financially, and it seems that a chance to win millions is worth a buck or two. Your advice and opinion on this would be cherished.
A: You’re kidding. Do you really want my opinion? I don’t think you do, but here goes. I’ll tell you ahead of time – it’s not going to be pretty.
Basically, you’ve told me that you’re having money troubles and at the same time you’re throwing money out the window. You can tell yourself that it’s only a buck or two if you want, but that little bit of money represents a lot of financial irresponsibility in your life.
You’re thinking somebody has to win, right? Well, let me tell you something: You’re more likely to be hit by lightning five times and survive than you are to win the lottery. How many people do you know who have been hit once by lightning and survived, much less five times?
You’re not going to win. Think I’m just being negative? No, I’m not – I’m being positive. I’m positive you’re not going to win! Stop placing your hope in the wrong things.
Honestly, as a Christian, ask yourself if you believe God thinks this is a good use of your money. The lottery is a tax on poor people and people who can’t do math. How do I know this? Because they are the only people who play the lottery.
Q: Why is it that some people have enough money for pizza, lottery tickets, cable television and cigarettes, but they don’t buy something as inexpensive as renter’s insurance and then they expect someone else to bail them out when a fire destroys their home?
A: This kind of behavior falls into the “Stupid Tax” category. It’s an aggravating thing, but at the same time there’s something about fire that elicits sympathy from me. Even if there’s stupidity involved in what happened, it’s such an emotionally devastating event. But I think it’s important to talk about what you’ve brought up.
Let’s put it another way. Why are there people who get mad at others for building wealth or expect other people to bail them out after they’ve behaved irresponsibly? Ninety percent of America’s millionaires are first-generation rich. They started with nothing, and instead of buying lottery tickets and smokes, they saved money and bought things like renter’s insurance. They kept things like car insurance and health insurance in place, so that if they totaled their car or had to have an operation, they could pay for it instead of filing bankruptcy.
In other words, they were responsible. They stayed out of debt because they were mature enough and responsible enough to delay pleasure, and then after years of living this way, they looked up and discovered they were millionaires.
That’s how it happens. You delay bits and pieces of fleeting pleasure for a quality life in the future. Now you don’t trade away all momentary pleasures. You don’t have to completely give up fun to win with money, but you trade impulsive, immature decisions and purchases for the reward of a better life later.
Most poor people delay none of the pleasures. They live only in the moment, and that’s why they stay poor. If they want a better washer and dryer, they’ll rent-to-own instead of saving up for a little while and buying a decent, used combo in the classifieds.
I understand that bad things sometimes happen to good people and you can end up broke that way, too. But I firmly believe that in most cases, it’s not that they don’t have the money, it’s more a case of they don’t have a vision for the future. They surrender a great life down the road for “Thank God it’s Friday. Oh God, it’s Monday!”
For more financial help, visit daveramsey.com.