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5 Reasons You Couldn’t Pay Me to Win the Lottery

Are you dying to win the lottery? Are you dreaming of all the things you could do with millions of dollars? That new yacht, that mansion of a house, the garage full of exotic sports cars… sounds pretty good right? To me, it sounds horrible…

5 Reasons You Couldn’t Pay Me to Win the Lottery

No, I’m not some kind of extreme minimalist that deprives myself of all the luxuries in this world. And, I’m not against the lottery because it’s really just a giant tax on the poor (although, this is a serious problem that needs correcting). I have five other reasons for never wanting to win the lottery. And, I’m so against winning it, that I wouldn’t even agree to win it if you paid me money on top of the winnings.

Sounds crazy, right?

Who in their right mind wouldn’t want millions of dollars to just fall into their lap?

….This guy, and here’s why.

1) I Can Make Millions on My Own

If I sock $500 away each month for the next 40 years, do you know how much money I’d have?

$3 million.

That’s a pretty good chunk of change. I could go on some nice vacations, buy a pretty decent car, and eat pretty much anywhere I wanted, and it would have absolutely no effect on my net worth. I’d still be a multimillionaire.

So, if I can become a millionaire by simply putting away a few hundred bucks a month…remind me again why I need to win the lottery?

Related: Retirement Savings by Age – Are You on Track?

win the lottery

2) I Wouldn’t Fit in Anywhere

When you win the lottery, you pretty much don’t fit in anywhere.

Sure, I could buy my way into the local country club, but I’d never truly be accepted by the other wealthy members. I’d be kind of like the snotty trust-fund grandson, but it’d be even worse because I never even had a connection to anyone that was wealthy.

On the other side of the financial spectrum, my long-time friends would probably start getting weird around me. As much as people hate to admit it, money changes things, and they just can’t act the same way when they know you suddenly have millions of dollars.

3) I Could Do Without the Distant Relatives and Old Friends

Ugh, this would be the worst. “Oh hey, I’m your great uncle Jim. I knew your dad when he was a little kid. Have you ever thought about starting a car wash business?….”

People just can’t help themselves. When you get money, they’ll come out of the woodwork with business ideas, they’ll suddenly remember that you never paid them back for something 25 years ago, or they might even guilt you into thinking you owe them just because they’re relation.

A fair amount of the jackpot bankruptcies were folks that just got conned into helping everyone out. Their heart was big, but their friends and family were the ones overcome with greed. And, it ended up ruining everyone.

4) People Might Seek Me Out to Sue Me

When I lived in Florida, there were always these billboards plastered along the highway that read, “Who Can I Sue” (and that pretty much summed up the caliber of that state as I experienced it). People that followed up on this billboard wanted one thing: money. And they didn’t want to earn it, nor did they care who would end up paying for their laziness.

If I was suddenly worth millions, there’s no doubt in my mind that random people would be:

  • falling on my front stoop,
  • getting “hit” by my car, or
  • somehow harmed by my presence in some other way.

What a nightmare this would be, and it’s one of the main reasons why I’d never want to win the lottery….ever.

5) If I Lost It, I’d Be Screwed

If I earned a million bucks and then tragically lost it, at least I’d know how I did it the first time and could probably replicate the wealth with a few more years of effort. But, if I did absolutely nothing to earn my wealth the first time and then lost it all, it’s pretty likely that I’d stay broke forever because I’d have no clue how to get it back.

That’s why I’m a huge proponent of building wealth with skill, and not by chance.

Keep Your Money and Stop Playing the Lottery

What do you think? Do you still want to win the lottery? Or would you rather earn your way to wealth?

Becoming wealthy by doing nothing sounds like an absolute dream when you first think about it, but in reality, it’s complete hell. Most people that win the lottery state later that they wish they’d never received that “lucky” ticket and that they wouldn’t wish their experiences on their worst enemy.

Stop wishing for riches to fall in your lap. Instead, go out there and earn millions on your own. You’ll build some amazing self-confidence, you’ll be respected by your peers, and you’ll have the knowledge to keep your wealth growing for years and years.

So what about you? Would you sign up to win the lottery?

Battle of the Mind Money


My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.


  1. So? Only buy tickets to win a holiday in a charity raffle.

    • What? Why? You’re probably still wasting your money! Why not just focus on earning money and keeping as much of it as possible? It’s really working out for me.

  2. Ahh see – I’d still like to win the lottery, I just don’t want to waste money on a ticket 😉
    I think I could handle many of your points above by keeping the news that I’d won quiet. Though I really don’t have to worry about that if I’m not in it to win it in the first place.

    • Sounds like you really don’t want to win if you won’t even buy a ticket! I’m still holding firm though. Pay me $1,000 to win and I’ll run for the hills!!

      • If you ever get that offer feel free to send them my way 😉

        • Haha, deal.

  3. Well……….
    I can see where you’re coming from, and don’t disagree with you one bit. Its a personal choice and one to be respected. I will’ however’ if its worth my while. When the lotto gets up and over the 500M mark I will buy 1-10 tickets. That’s not very often but to win you have to play. Here’s the breakdown if $$ was won:
    1-Retirement & Health: accounts would have a huge balance. One that I would not have to worry about. I’m not at an age or financial situation where I will have millions at retirement. Also, since we are human and get sick as we get older, we would have it set up that if either or both become infirm, ill etc, we would not become a burden to ANY children or other family. The money would take of it.
    2-Family: we would help/give some to our father/mother. Help them out as much as possible. If they need a car or medical care, pay off their home. We would set up accts for both our children so once they are of a certain age they could pull $$ from it to help out.
    3-Give: I don’t like giving to charities much as I don’t have control of where/what/who it is spent on. There are a couple – mikeroweworks, woundedwarrior, abandoned pet project that are worthy. They would get some. But I really like it when we can do something a little different. Talk to the waiter/waitress at the dinner. Watch how they interact with the customers. Ask them questions on how their day is going, you get the idea. Leave them a big fat tip if they seem worthy of it. Secret Santa type things.
    4-Misc: Don’t need much in way of material items. Could always fix up the wife’s car as she loves it and will not part with it. But it needs some attention. Maybe take her on a really nice extended vacation like to Rome, Ireland ….
    How much have I spent over the years since I could play the lotto? Maybe 250-350. That’s taking into account I’m almost 50 so do the math. Sure Ill take a $1000 bucks and sock it away. But if the mood is right, why not take a small chance of winning?

    • Sounds like you don’t need $500M for that! You could build up a million bucks yourself and impact every one of those bullet points!

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