Give Yourself All The Chances To Win

Make your money work for you and give yourself all the chances to win.
Some people wait all through their lives for a winning ticket from some game that will come to change everything.
Every week they spend lots of money to multiply their chances to win.
And they always go through the same cycle that happens at least once a week:

• Expectation
• Emotion
• Deception

Free image courtesy of FreeDigitalPhotos.net

I'm not saying that buying a ticket is a bad thing, but it is the dependence from it that becomes a bad teacher because you are learning to wait that good things come to your life through a random event instead of giving yourself all the chances by working towards your goals. That is quite a passive attitude.

Invest for benefits

Let's say that someone spends 200 dollars/month on gambling tickets, we are going to calculate how much money will return investing the same amount on a 5 years compounded interest plan at a 6% rate. This is a basic investment with annually compounded rate of return.

So with $1200/year for a 5 years period at 6% return will give $ 8,370.38 if you are making a $1,200 additions at the end of the year.

Here is a quick reminder of the compound interest formula:
FV=P(1+r)n

Meaning:

FV- Future value
P - Initial investment
r - rate return
n - time period

So I hope this little calculation will encourage you to make money.
1,200 x 6 years= $6,000
8,370.38 - 6,000= $2,370.38

That is, your money is working for you now.

You can go further

You can go even further if you take a beside activity or a new project that will add an extra income to your revenue.

Do you want money?

Take an extra step to make it, that little first income coming from your own ideas or activities are like gold because they are yours and not someone else's. It is a child of your imagination and that is why we are here on earth: to exercise our power to create.
It is a wonderful experience in a mysterious and beautiful world, so do not miss it and act now.