The lottery is gambling for people who are not good at math. That's a very apt saying and is very true. Every once in a while when the lottery gets really huge, I'll buy a single ticket for the fun of it. That's it though.

I do not recommend people leave any more money in a bank than they need to pay their monthly bills. The bank will use your money to loan other people money at very high interest rates. You will not get much for doing them that favor either. It just isn't worth it.

Living below your means is the primary thing everyone should focus on from the retiree to the college student. Walk to school and skip the car. Don't eat out all the time and cook your own food. Rent a room in a place with other people, and don't rent your own separate place.

Most people live way beyond their means, and then they are always broke. It really is simple, but few people do it. Usually, people spend as much, if not more, than what they make. That's a disaster. Don't be that person. Then take the extra amount and split it up into many different baskets to hedge against losses.

Never put all your money into one or even a couple baskets. Spread it out to 10 or more. There are lots of ways to spread it out these days too from precious metals, different cryptos, online peer to peer lending, paying bot services like smartsteem, etc.