The chances to win a lottery grand prize are lower than if you retire as a millionaire

Hey there! Have you heard of Warren Buffett? He's a pretty famous guy, but did you know that there's another well-known person named Jimmy Buffett who isn't actually related to Warren? Jimmy is a well-known songwriter and singer.

Anyway, the reason I wanted to chat with you today is that I came across this book that caught my attention. It's called "A Money Manual for those who haven't Won the Lottery" and the subtitle really spoke to me. I mean, who hasn't dreamed of winning the lottery, right?

What are the chances for you to win a lottery prize?

But before we get into the book, let me ask you a question - have you ever thought about your chances of actually winning the lottery? I did a quick search and found out that the chances of winning a lottery prize are roughly 1 in 10,000, and the chances of winning a grand prize are 1 in 43 million! Crazy, right? And if you're living in Malaysia, where the estimated population is around 33 million, that means your chances of winning the grand prize are almost non-existent. So, instead of relying on the lottery to solve our financial problems, let's focus on other ways to manage our money.

The book I mentioned earlier has a few key points that I think are worth sharing. 

Invest, invest and invest

First, it talks about the importance of investing - but not just in stocks or real estate. Investing in yourself is just as important. Even the most successful people, like Warren Buffett, never stop learning and growing. So, if you're interested in investing in a new area or industry, take the time to learn about it before jumping in.

Live below your means

The book also emphasizes the importance of living below your means. It can be tempting to spend all our money on things we want, but it's important to strike a balance between enjoying life and investing for our future. By saving and investing early on, we can generate passive income and finance bigger investments down the road.


Another key point is the idea of being debt-free. While there may be some types of debt that can be useful, it's important to avoid taking on too much debt that could put us in a negative cash flow position. As we get older, the risk associated with debt can become greater, so it's a good idea to aim for being debt-free.

All these efforts are ultimately focused on one goal - retirement. We work for decades to be able to enjoy our golden years without worrying about income. But with people living longer and longer, it's important to think beyond the traditional retirement age and plan for a longer retirement period.


In conclusion, building wealth is a journey that requires patience, discipline, and continuous learning. You may not win the lottery, but that doesn't mean you can't achieve financial success. Investing in yourself, living below your means, and avoiding debt are key principles that can help you grow your finances and achieve your goals. It's important to remember that building wealth is a long-term game, and success doesn't happen overnight. But with perseverance and a commitment to your financial well-being, you can create a stable and prosperous future for yourself and your loved ones. So take action today, start small, and stay focused on your goals. The road may be long, but the rewards are well worth the effort.


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