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Lifestyles of the Rich and Stupid

The lottery is back in the news with promises of a rich reward for a very small number of people who randomly pick numbers matching the officially drawn numbers. The odds are hundreds of millions to one. But you can’t win if you don’t play. Just one ticket, one little ticket. A single dollar. Better buy two; make that three.

Lottery sales shy rocket when the jackpot rises to mega levels. The impossible odds are still just as bad when the jackpot is massive. The one question I don’t hear people asking is: If nobody won the last time they drew numbers and millions played, what chance do you have of winning?

Using Debt Intelligently: Good Debt Versus Bad Debt

There should be no battle between good and bad debt. Debt is not good or bad in and of itself. Debt is a tool that can be used to simplify personal and business finances or can be used with reckless abandon. The internet is filled with advice on debt. In one corner is Dave Ramsey and his ilk claiming all debt is bad and should be avoided at all cost. In the other corner is Donald Trump and his “There is never too much debt” mantra. Only rarely is someone smart enough to discern between the two camps and provide appropriate advice on debt. Today your friendly Wealthy Accountant will be said smarty-pants.

Perspective

Thousands of years ago humans had a more clearly defined role in society. When food ran low the men would gather for the hunt. They would leave camp for days, or even weeks, at a time. When the prey was caught, the men butchered the animal into carrying size pieces.

Back at camp the women tended the garden and gathered plants from the surrounding area. When the men returned the women scraped the hides and prepared it for clothing. The women also dried, salted, and prepared the food.

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