Financial Plan: Winning the Lottery
posted in Financial Literacy |Robert Kiyosaki has been stressing about the importance of financial literacy and the lack of financial knowledge among the general population in the U.S. through his “Rich Dad” book series.Â
The lack of financial knowledge is an issue not just the U.S. but everywhere.Â
Australia news portal, The Age (theage.com.au) reported that:
One in seven Australians are banking on winning the lottery to deliver them financial security.
A new poll, released to coincide with a campaign to boost Australians’ financial literacy, has also found 8 per cent of people think the best place to put their savings is in a jam jar under the bed.
The Federal Government today will launch its campaign that is aimed at making Australians more aware of the importance of knowing how to manage their money.
15 per cent of the population are banking on winning the lottery to help them reach their main financial goal. Among people earning less than $70,000, 18 per cent are hoping for their numbers to come up.
The chances of picking the numbers in a 45 ball lottery is about one in eight million.
Three per cent of men and one per cent of women said their main financial goal was to buy a flat screen plasma TV.
When it came to where best to put your savings, 44 per cent of those quizzed said a high interest bank account was the way to go. Another 28 per cent backed a regular bank account.
But just 9 per cent said a managed fund, six per cent thought shares, and eight per cent (including 10 per cent of women) said a jam jar under the bed.
I too has the dream of winning the lottery to jumpstart my wealth building. And I recommend using a buscuit tin instead of a jam jar under the bed. The buscuit tin can contain more than the jam jar! 
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