Friday, September 20, 2013
September 20 - Online Discussion Question 1
Louis, a high-school senior nicknamed “Lucky,” is a walking rabbit’s foot. Everything falls his way, including a lottery-funded scholarship and a great part-time job delivering pizzas. He’s saving for a car to drive at college. Some guys at school heard about a group out west pooling their money for raffle tickets and winning big. They’ve now started doing that for weeks, with no results. They ask Lucky to join them. Five bucks a week for a huge payday. He’s tempted. You are his friend; talk him out of it.
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Just because everything has fallen your way so far, does not mean it will this time. You don't have an emergency fund, which is where you should be putting your money. After you have $500 in a money-market account, then you may start saving for a car and other things.
ReplyDeleteIf you keep this up, think about what road you could end up going down, drinking, drugs, etc. Some pretty crazy people do the lottery. Don't be a weirdo. Save it, don't waste it.
ReplyDeletewhat happens when you loose money then what? are you going to try to win it back the next time? you are just going to fall into a rut and not be able to get back out, you get stuck and you end up going into debt. then you will regret gambling it just might take a while.
ReplyDeleteTravis
Someday your luck's gonna run out. You had better be prepared for when it does.
ReplyDeleteAutumn
You can't always be lucky, someday things will turn, and so you should stop now before it's to late.
ReplyDeleteLuck isn't reliable, don't gamble. put your time, energy and money into something that is, like investing that money and earning interest on it.
ReplyDeleteLuck isn't reliable, don't gamble. put your time, energy and money into something that is, like investing that money and earning interest on it.
ReplyDeleteAdam
ReplyDeleteI would saw that if you invested that five dollars in a money market in the end you would have more money and would not lose anything.
Luck is not always going to be on your side, with that said you should make and emergency fund first, and then spend the rest of your money on needs.
ReplyDeleteNot a good idea man. Even if you did win this is not the way that God wants you to make your money. Save the money that you would gamble. It will add up and in time you'll find that you are a winner because you saved.
ReplyDeleteeyezik
Lucky, you're already on a good track with your job and the habit of saving. You've been "lucky" in the past, but does that mean that this venture will succeed? No, it doesn't. It's all on chance. If you pay the 5 bucks for the lottery, that will be 5 dollars less per week for your car. And how do you know that this isn't a scam? Your friends have been doing it for a while, but they have no results. This will just cheat you out of your money! If you really want to make a wise decision, I would recommend that you keep on saving for your car and set up an emergency fund of about $10,000 so that you will be prepared if anything bad happens.
ReplyDeleteLucky, you're sitting in a good situation. If you save that money, the interest will increase it and in the long run, you really will win big. Instead of losing the money, you can continue to save, set up an emergency fund, and continue to put money away for your car. You'll have plenty of savings while your friends will still be waiting for their "huge payday."
ReplyDeleteDon't do it lucky!!! Just because everything has worked out for you so far doesn't mean it still will.... follow God's plan and pray about everything you do!
ReplyDeleteyou shouldn't do it you will most likely lose all you money and do into debt you will also get mixed up in the wrong crowd of people and you wont have "luck" forever.
ReplyDelete-Jacob
This is so sad, can we hit 50 credit cards? ;(
ReplyDelete