Don’t Buy Powerball Tickets. Instead, Here’s How to Use That Cash to Make More Money
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You know the odds are slimmer than being struck by lightning. Twice.
But you just can’t resist buying a ticket or two. Or five. Because after all, you can’t win if you don’t play.
Listen: I get it.
Even though I knew it was a waste of money, I spent $20 — $22.25, to be exact, after the cash-only gas station ATM fees — on Powerball tickets. Once the jackpot crossed the $1 billion threshold, I knew I would kick myself if I didn’t at least try.
A Guaranteed Way to Win the Lottery: Don’t Play
With mind-bogglingly slim odds, whatever money you throw at the lottery — be it $2 or $2,000 — is almost definitely a waste.
Instead, what if you invested that cash in a guaranteed way to make money?
Hey, it probably won’t pay out $1.4 billion — but I’d rather have a real $100 than an imaginary $1 billion any day.
Here are some better ways to make money with the cash you’re tempted to blow on Powerball tickets.
$2 — One Entry
Don’t have a spare bed? If you’ve got a way with words, buy yourself a cup of coffee and sit down to do some freelance writing for blogs that pay for guest posts.
$10 — Five Entries
With $10, you could buy three cases of water to sell for $1 per bottle at a busy event.
Heck, on Jan. 13, there might be a hot, thirsty line of last-minute lottery ticket purchasers at the convenience store — though the shop owner might not be thrilled with your business if he’s selling bottled water, too.
$20 — 10 Entries
Got $20 in your pocket?
Hit your local thrift shop or flea market and find some awesome things to dust off, clean up and resell for a higher price.
$50 — 25 Entries
$50 is a pretty penny to spend on an idle daydream.
Instead, invest the money in learning a skill to jump-start your new career on a platform like Udemy.
Or make like this woman and start a whole business!
Jamie Cattanach (@jamiecattanach) is a junior writer at The Penny Hoarder. She also writes other stuff, like wine reviews and poems.