What does $1 buy these days? How about a chance to win the $151 Million Dollar Mega Million Jackpot??
I went over to their website and checked what are the odds of winning the jackpot and here it is.
1 in 175,711,536!!!
That is a ridiculously small chance to win the jackpot! You have a better chance of being struck by lighting in the US ( 1 in 750,000).
So why do I spend that $1?
That $1 buys me a little dream time of how I can spend that $151 Million Dollars. If I win, I’m going to invest 90% of the jackpot and blow the 10%! I’m gonna buy that penthouse in my high rise condo. What the heck, I’ll buy the whole top floor! The market is still down so I’m sure I can get a deal. We’ll do a slow trip around the world in style and stop by all the places we always wanted to visit – Maldives, New Zealand, Bora Bora, Tahiti, Barbados, St. Martin, and more. Yes, I love love love beaches. Oh yeah, Angkor Wat and Lhasa too. After that?…
Anyway, I have noticed that my dream time has been shrinking. In college, we used to pool a buck each from everyone on our floor (dorm) and purchase some tickets when the jackpot was humongous. We would dream and talk about it for days and days, but now my dream time is about 15 minutes. Yes, reality sets in pretty quick and my experience tells me I won’t win. 🙁 It’s tough getting older and wiser. My entertainment value for the $1 is shrinking, I guess it’s experience inflation.
So do you buy lottery tickets? Do you buy it every week or just when the jackpot is big? I only spend $1 when the jackpot is over $100,000,000 and the biggest prize I’ve won was only $5…
Here is my updated money flow chart v2.0 – I added the $1 expenditure to the bottom corner…. Thanks Big Cajun Man for the inspiration! 😀