It seems to me that this early into the new year the theme that we have been experiencing is loss. Working backwards, let's begin with last night's lottery which is the granddaddy of experiencing loss.
As everyone in America seems to know, the Powerball jackpot has reached new heights, with an estimated annuity prize of $1.5 billion for the drawing on Wednesday, January 13, 2016. A monster jackpot is exactly what Powerball hoped for when it changed its game structure last fall.
For those still trying to get their minds around the probability of winning the Powerball jackpot, here's another example. Suppose the 292,201,338 combinations in the game were seconds. That's the equivalent of over 81,000 hours, more than 3300 days, or just over 9 years.
There's something in the air as we await the drawing of the largest lottery jackpot in history. Can you feel it? The atmosphere is a bit thinner, a...
Dear fellow parents -- this is crazy. There are so many better ways to spend $50 of your hard-earned money than on powerball tickets. Many involve buying yourself some much-needed family time. Here are the first 23 that come to mind.
Lotteries should not be regressive taxes on the poor and uneducated to give a few bucks to the upwardly mobile who are less likely to play. As lotteries become more ubiquitous in our society, we should ask ourselves if they are helping or hurting us.
The Canadian rock band Bare Naked Ladies sang a song in the '90s "If I Had A Million Dollars." They said if they had all that money they wouldn't need to buy Kraft dinner anymore, but they still would. Now that Powerball is a cool $1.3 BILLION or more, a Kraft dinner FACTORY wouldn't be out of the question.
I fully intend to win the 1.4 billion dollar Powerball jackpot this coming Wednesday. But just in case something goes awry I wanted to provide you with some suggestions on productive and enjoyable ways of spending your good fortune.
I want to begin this exchange by being clear: this post is not meant to bash Marie Holmes. I don't believe in shaming Black women, even if I don't agree with their thinking or choices. We're all we got, after all. I do think, however, that Marie Holmes's story can serve as an important vehicle for multiple necessary conversations that Black women should have.
The horror stories from the winners - involving mob hits, cyanide poisoning, bankruptcy, divorce - made it seem like a public service to steal the tickets from everyone buying one.
It is highly likely that someone will win the big lottery drawing you have so hopefully entered. That seems clear enough, but here is what gets missed: The certainty of something happening doesn't increase the chances that it will happen to you.
As for lotteries being used to fund education... the Lottery generates millions of dollars and many elementary schools can't afford crayons. Something doesn't add up.
Expressions like "sounds like a plan," "I can't complain" and "being on the same page" are the stuff of which small talk conventions are made of. But ...
It can be argued that Abraham Shakespeare, David Edwards and Amanda Clayton had little in common besides winning the lottery. Along with diverse geographic differences, they were very different people with very different problems. And they are all dead. Long before their average life expectancy.
Flowers are healthy, they don't make false promises and they deliver nourishment to your soul. For the price of a fancy coffee drink, they will watch over you all week and remind you that no matter what your bank account says, you are rich.
One of the best ways to feel in control of the money rather than be controlled by the money is to get very clear on how much you have, where it is, how much income it will produce, and to develop a strategy for responding to loan requests from friends and family.