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November 03 newsletter
Welcome to final guide in the Shape of Money's step-by-step guides to the secrets to wealth.
This month we look at how you can use the previous guides in this series to become a Lotto millionaire.
Lets assume that you spend $20 each week trying to win the big Lotto loot. At the Shape of Money, we don't think that's a wise investment. We accept it's a fun bet, but are you doing it because it's fun paying the head office wages of the Lotto staff, or because you want to be a millionaire? If it's the latter, read on.
As discussed in previous secret to wealth newsletters, achieving your financial goals through saving and investing is a long-term strategy.
We'll demonstrate how the Zolas turned their regular weekly flutter into a genuine long-term nest egg. They won't become millionaires, but they'll turn their discretionary Lotto money into a retirement option. Lets assume Zola is 30 years old and is happy to save the Lotto money for 35 years.
In the process, you'll see just what is possible with patience and a long-term focus - and it doesn't require a huge income.
A $90,000 nest egg isn't a bad reward for giving up the weekly Lotto!
The point of this simple exercise is to demonstrate that anyone can save for his or her future - and that it doesn't require a big income.
the Shape of Money can provide the tools such as:
All you need to do is provide the discipline and the saving goals.