12 Investments Extremely Toxic for Your Budget

8. The Lottery

Lotteries are booming in the U.S., with most states now offering at least some form of the game. Since every multimillionaire created by the lottery is splashed all over the national news, it’s easy to get caught up in lottery fever, where a simple $1 or $2 ticket could change your life forever.

Why the Lottery Is Toxic

Want to know how hard it is to hit it big in the lottery? The odds of winning the Powerball jackpot are in the neighborhood of one in 292 million. This means you’re more likely to find a pearl in an oyster shell, get struck by lightning or date a supermodel than win the Powerball. It’s even more likely that an asteroid hits the Earth. There’s nothing wrong with occasionally playing the lottery for fun, but as an investment strategy, it’s toxic.

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