Financial Success WITHOUT the Powerball

So you didn’t win the Powerball.  Instead of going back for another lottery ticket or throwing in the towel with the idea of striking it rich, put your time and money towards the financial success you could actually achieve.
By MSA Staff

So you didn’t win the Powerball.  Instead of going back for another lottery ticket or throwing in the towel with the idea of striking it rich, put your time and money towards the financial success you could actually achieve.

It may not be billions of dollars, but you don’t need all that “dough” to feel secure about your money.  Trust us, we have years of experience and client testimonials to prove it.

Powerball Success

If you buy a ticket for the Powerball, you’re probably considering the financial victory to be two-fold: (1) a small investment for a large reward, and (2) the ability to do what you want, when you want – to quit your job, go on an extended vacation, finally get rid of those debts, and know you’ll be set for retirement, let alone life.

Wouldn’t it be great to know that those dreams don’t need the Powerball to become a reality?  In fact, relying on the Powerball could block the door to your dreams, not open it.  Here’s why…

  • The chances of making that small investment of $2 and actually winning are next to nil.  And if you keep trying without any luck, you’re looking at a huge investment with no reward.  For example, if you buy a $2 ticket every week for thirty years and never win, it would be like throwing away $3,000.  If you put that money ($2 a week – about $100 a year) into a Traditional IRA with a rate of return of 6% instead, you will have saved over $8,380.
  • If you actually win, you get the chance to say goodbye to business traffic, retire early, and fly first class to distant lands.  But did you know that bankruptcy is a common outcome for lottery winners?  Goodbye private jet, hello city bus.

Getting a huge paycheck won’t do much good if you don’t know how to handle it correctly.  That’s why achieving financial success has more to do with money smarts than bags of money.

Actual Success

Achieving financial success with or without the Powerball has to do with financial wellness.

At the root of it, Powerball is about winning a bunch of money, but when you look at what people actually want, a gigantic payday isn’t the answer.  9 out of 10 people would rather have financial stability than get more money.1  This is where financial wellness comes into play.

Financial wellness is a state of financial security and confidence in one’s situation now and in the future.  It’s about improving and maintaining the best attitude, knowledge of and experiences with finances – no matter the amount in your bank account.

How do you manage that?  By understanding and establishing best financial practices and principles.

Here are a few examples to get you started…

  • Understand Your Cash Flow:  Whether you’ve got oodles of cash or not, knowing how much money you have coming in and out each month is important because it’s the best way to know if you’re being smart with your money.  That kind of knowledge tells you if you have enough to make your next purchase and enough to make it through retirement.
  • Relieve Stress:  Finances are the number one stressor in America, which might explain the “need” for a lottery ticket or two, but the good news is that you can relieve your financial stress without winning the lottery.

The My Secure Advantage (MSA) Financial Wellness program’s sole goal is to help people replace their financial stress with financial wellness so they can achieve financial success.  Millions of Americans have already experienced the transformation: getting rid of their previous bad habits and acquiring new skills for a better future.

When you enter the MSA program, you work with your very own Money Coach – a certified financial professional who can help you determine your financial goals and create an action plan tailored to your lifestyle.  Getting started is easy: skip the $2 lottery ticket and call MSA’s toll-free number to make your dreams come true.  Call 888-724-2326 today.

1Financial Security and Mobility.  “Americans’ Financial Security: Perception and Reality.”  The PEW Charitable Trusts, 5 Mar. 2015.  Web.  19 Aug. 2015.

Information provided in this article is for informational purposes only and is not intended to offer specific personalized investment, financial planning, tax, legal or accounting advice.  We recommend that you consult an attorney, tax advisor or accountant regarding your unique circumstances.

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