Oddly enough, the biggest theme of the day was the big Powerball Jackpot. Let me begin by saying that I honestly don't believe that I've ever bought a lottery ticket for myself. Nor do I have a desire to buy a lottery ticket. In full disclosure, I have bought lotto tickets for friends and family as gifts - especially scratch-offs. This probably makes me the minority, but I'll do my best to explain my rationale:
- I'm totally satisfied, and have been for quite some time. My family and friends are healthy, close by and always there for me.
- I look at everything I get as icing on the cake, a gift from God
- If I won the lotto, I wouldn't know what to do with the money besides give most of it away to people/organizations who really need it.
I'm not passing judgement on people that play the lotto. I love people who play the lotto! Both my dad and husband bought a lotto ticket yesterday. They are dreaming big and that's fantastic. My concern is that many people who play the lotto think that huge amounts of money will bring them happiness, but that's just not the case.
Michael Norton, associate professor at Harvard Business School and co-author of Happy Money: The Science of Smarter Spending said "Research shows that the impact of additional income on happiness begins to level off around $75,000 of income - but people keep trying to make more and more money in the mistaken belief that their happiness will continue to increase".
It's important to keep some perspective and understand the realities of the world we live in. How would your life be different if you spent more time counting your blessings rather than counting your cash?