Many moons ago people believed a dollar saved was a dollar earned. People were encouraged to put away 10% of their income for future considerations. After a period of time they would have saved enough to invest in what they regarded as good investments for their futures. Some people would save up enough to buy a house; others invest in savings bonds, or businesses. Whatever their specific choice was at the time it was towards building a better quality of life.

WHAT HAPPENED

To start with a dollar is no longer worth a dollar, interests in savings accounts are very low, and most people earning between $200-$400/week, do not have that 10% to put aside and still eat. Even if they did accumulate enough for a deposit on a home, it could take ten years, and then would they have the ability to afford the mortgage afterwards?

Financial institutions are more focused on getting people to invest in retirement plans, mutual funds, bank charges, and variety of other services. Therefore getting a loan for a new venture with a sound business plan is becoming trickier.

SO WHAT ARE MANY OF THE LOW INCOME INVESTORS DOING?

They are investing in the dream of a prosperous future by deciding which game of chance would bring the best return. Everyone has their own personal preferences such as:

? Casinos
? Pick number lotteries
? Scratch and win
? Reality TV shows
? Bingo
? Charity sweepstakes
? And much more!!!

MY OPINION

The chances of striking it big by investing in gambling, is slim to none, and slim just walked out the door. However there are still people such as myself who have learned ways to be successful in businesses without having to make large cash investments, and have a much greater chance of succeeding then spending three dollars and scratching your way to the top.