Think winning the lottery is the key to happiness?

Contrary to fact, many believe winning the lottery would bring them happiness.

Want an anecdotal example of why this isn’t the case? Read a tragic story here: http://abcnews.go.com/2020/story?id=3012631&page=1

Want further proof? A presentation by GMO highlighted that “2 out of 3 winners spend or lose ALL of their winnings within five years.” Also, “1 out of 3 winners declares bankruptcy!”

So, why do so many people still play the lottery? It’s the triumph of hope over reason, in my opinion. Many people want a short cut to happiness.

I believe the path to happiness is doing what you love for a living. Financial success is a result, not a cause.

To achieve happiness and success, you need to work hard, add value for others, be honest and have integrity. It’s simple to say, but hard to do. Most seem to know this deep down, but are too lazy to do it.

Nothing in this blog should be considered investment, financial, tax, or legal advice. The opinions, estimates and projections contained herein are subject to change without notice. Information throughout this blog has been obtained from sources believed to be accurate and reliable, but such accuracy cannot be guaranteed.