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Re: itza65 post# 40282

Saturday, 06/11/2011 5:57:39 PM

Saturday, June 11, 2011 5:57:39 PM

Post# of 119177

I'm reminded of a friend of mine who found a 20 dollar bill which he used to buy lottery tickets. He never buys lottery tickets. But somehow, he thought of that 20 bucks differently than 20 bucks he earned, and spent it differently.



It is different. His net worth prior to finding the 20 bucks will be the same as after he wastes it on lottery tickets so its a net zero transaction and he is left no better or no worse off (unless he scratches a winner).

If it was his own money that he worked hard to earn, he would not have spent it on lottery tickets because its a frivolous expense that decreases his net worth.

I would wager that more people behave like your friend (myself included) than behave like you in this type of situation.

HLNT