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IN THIS ISSUE: 
Personal Money Planning's Newsletter
January 9, 2016
Millions of folks will have their eyes glued to the television (or some kind of screen), waiting for the announcement of the Powerball numbers. So, in honor of the only thing earning more money than the Star Wars movie, I've shared a few 'lottery-inspired' topics. First, the Soapbox includes a link to an interview I did this week about what to do if you come into a prize like this (good for when you come into a lot of money at once at other times, too). Money 101 links to some information about the wealthy, too. I'm betting most of the millionaires didn't get that way because they purchased a lotto ticket. We wrapped it up with a few fun lines about lotteries in general.
 
Happy New Year!  

Gary Silverman, CFP®
Soapbox
Gary's Soapbox
Winning the lotto
Gary Silverman caricature There's a 1 in 292.2 million chance that you will win the top jackpot in tonight's Powerball. But, just in case, you may want to review some of the tips I gave in an interview this week with NewsChannel6. Click here to watch
Articles
Gary's Latest Articles
From the Times Record News
  A Christmas Message
As sometimes happens in Gary's column, the subject doesn't stick to money. That was the case from this article from right after Christmas. Read more...

How much matters?
When it comes to any type of "life-changing" strategy, it pays to take a closer look. The change may not matter all that much. Read more...
 
Money101
Money 101:
Where are the millionaires?
dollar_bill.jpg
There may be a chance to be a millionaire after all! No, I'm not specifically talking about tonight's Powerball (although if you win, you would certainly qualify), I'm talking about the fact that the Millionaire's Club is no longer so exclusive. According to the recent Credit Suisse Global Wealth Index, there are over 33 million households with $1 million or more in total net worth (measured in dollars). That's a 146% rise in the past 15 years. You are probably living in the United States, too. That also works in your favor. United States has more millionaires than any other country (Click here to see the breakdown).

To learn more about the distribution of wealth worldwide, click here for the Global Health Report. 
 
Final
Just for fun
I figure you have the same chance of winning the lottery whether you play or not. ~Fran Lebowitz

Here's something to think about: How come you never see a headline like 'Psychic Wins Lottery'?  ~ Jay Leno
 
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