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Category Archives: Lottery

Teen Lotto Winner Spent Millions on Partying and Plastic Surgery

September 4, 2009 – 3:47 pm

As a favorite math teacher of mine in high school once told my statistics class, “The lottery is a tax on people who are bad at math.” But winning the lottery is also a curse on people who are bad at personal finance.
Callie Rogers was 16 when she won a jackpot of £1.9 million in [...]

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“Save to Win” Lottery Encourages Saving Through Raffle Drawings

August 4, 2009 – 7:21 am

A consortium of Michigan credit unions have implemented an interesting scheme to add a bit of excitement to the otherwise boring act of buying a certificate of deposit (CD). From The Wall Street Journal:
Members who put $25 or more into a Save to Win one-year CD are entered into a monthly “savings raffle” for prizes up to $400, [...]

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You’ve Won the Lottery! Now Here’s How to Not Lose it All…

July 20, 2009 – 5:12 pm

Buying an occasional lottery ticket for fun isn’t a terrible idea. At least if being virtually guaranteed to lose is your idea of a good time. After all, it’s pretty much like making a non-tax-deductible donation to the government, and if you only buy one or two every few weeks then you aren’t spending too [...]

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