Kerryn Boogaard Kerryn Boogaard
Beverly Goldsmith Beverly Goldsmith
Zoe Bingley-Pullin Zoe Bingley-Pullin

Tattslotto is not a wealth creation plan:

Overhearing a conversation the other day about a Tattslotto ticket got me thinking about how many people rely on the hope that they might hit the ‘big’ multi-million dollar jackpot.
By Janine Cox
Date: March 14 2012
Tags: finance, money,
Editor Rating:

I can assure you that mentioning a million dollars out loud makes people listen. Try it one day whilst standing near agroup of people and check out their reactions, its priceless.

I admit I have bought a Tatts ticket on a regular basis, and have been since my dad and I first came up with ‘our’ numbers for a big draw years ago. Yes, even us financial types can live in hope of the big win! We just don’t make a habit of it. To date, although we have had a bit of fun and won a few good prizes I don’t look at it as my retirement plan.

You see the odds of winning a big prize is something like eight million to one, so it is inconceivable to understand why anyone would rely on winning to secure their financial future. If winning Tatts is your retirement plan start worrying as chances are you will be pushing up daisies or be old and in a retirement home with one foot in the grave by the time your numbers come up. Well, I guess by then you would be too old to know about it anyway, but that is not the point I’m trying to make. Worse, even if you do win, statistics say you will be broke three years after winning.

The reality is you are unlikely to ever win and as such you need to think like that as this will drive you to do what you know you need to, which is plan for your financial future.

Instead of just working hard for your money, get your money working hard for you by giving your investments some love so they grow. You do that for plants in your garden and your child so that they grow, after all, if you don’t pay attention to your garden you will have weeds, and without your love andattention a child will struggle in life.

Small steps in the right direction will get you started and before you know it, a few years down the track you are financially secure. The hard part isgetting started, however, I promise you that the probability of you achieving financial security through smart investing is much higher than the probability of winning Tattslotto!. Remember your financial future is in your control not in the six balls rolling around in a clear cement mixer.

I want you to know that you are not alone as I meet many women from very diverse backgrounds who want to grow their wealth, sadly, most don’t make a start. That is why I am writing to you as it only takes one person to change and for that person to influence someone else and everyone wins.

There is something else I would like to share with you. You have probably seen the pretty charts that show the beauty of compounding to growyour wealth. It is true that your investments can go up and up in value if you continue to let them grow, and I encourage you to make sure you understand well how the law of compounding works

For example:

Assuming you decide to save $6,000 each year for the next ten years. For the purposes of the example, you decide to invest in a term deposit and over ten years you receive a flat rate of 6 per cent per annum. By the end of that term your little nest egg will have grown to around $84,000.

Now let’s say you decided to invest in yourself and learn how you can make more by buying and selling growth assets like shares. You decide to keep it conservative and invest two thirds of your capital into shares and the rest in a term deposit. So that means $2,000 goes into the bank and the rest into some of the Top 20 shares on the market. With the skills you learned you have generated 15 per cent per annum over the same period buying and selling shares. Your nest egg is now $93,400 from shares and $28,000 from the term deposit totalling $121,400, which is around 44 per cent more. Ask yourself is around $40,000 worth the extra effort?  I know it’s not a million dollars, but this is possible to achieve, and you can do it yourself!

Janine Cox is the Senior Analyst at Wealth Within, a private investment company specialising in managing direct share portfolios through their Individual Managed Account Service. The company is also a government accredited specialist share market educator, where Janine is one of only two lead trainers educating people how to invest and trade the share market. Janine can be contacted at or you can visit the website
Share This Tweet This Email To Friend
Recent Comments
7 Total Comments
Myron Jeffka says: 2013 04 13

People do not actually rely on tattslotto, that is your interpretation of what they are really trying to say; I say it every week, that my financial plan is to win tattslotto….it is not a financial plan, just a dark, comedic statemnt…what we are really saying is, I cannot afford to pay superanuation, I have never saved enough of it to survive the financial pain I am going to suffer in old age, so I will invest in tattslotto, it is my only hope. Some even know of their economic plight and wish that retirement plans might begin and quickly end with their quick       demise.

Maya says: 2017 09 22

Much obliged to you for setting aside an ideal opportunity to distribute this data extremely valuable!
A debt of gratitude is so for this article tremendously accommodating.

much appreciated. It’s quite beneficial, in spite of
the fact that think about the facts as soon as it reaches this target.

| Extraordinary article Majority of data to See…Great Man Keep Posting and redesign to Folks.

. Thank you | It was a very good post indeed. I thoroughly enjoyed reading it in my lunch time.
Will surely come and visit this blog more frequently.
Thanks for sharing A debt of gratitude is in order for this article.
much appreciated. | Excellent info on your blog,
thank you for taking the opportunity. Amazing insight
you have on this, it’s nice to find a website that details so much info about artists.
| It was a very good article indeed. I thoroughly enjoyed
reading it in my lunch period. Will come and visit this blog more often. Thank you for sharing It is fairly beneficial,
although think about the facts as soon as it reaches this target.
outlet online italia

Bell says: 2018 09 19

Way cool! Some extremely valid points! I appreciate you writing this
write-up plus the rest of the website is also very good.

maglia Juve

Adolfo says: 2020 04 30

My partne and I stumbled over here byy a different website and thought I might check things out.
I like what I see so now i am following you. Look forward too going over
your web page again.
webpage bets on cs go

Kenneth says: 2020 05 16

I’m not that much of a internet reader to be honest but your sites reaoly nice, keep it up!
I’ll go ahead and bookmark your site to come back later.
All the best
water order Kiev ( water coolers

Ashlee says: 2020 05 21

cialis cost per pill generic cialis no doctor’s prescription order cialis no prescription

parbriz citroen c4 picasso 2010 review says: 2020 05 23


View All Comments
Post a Comment
* your email address will not appear

Please enter the word you see in the image below:

Post a Comment
* your email address will not appear

Please enter the word you see in the image below:33343

Your Comment has been posted
Related Articles
Teaching your child about the value of money is one…
Read more
Janine Fitzpatrick's humorous advice for when you have ditched aspirations…
Read more
Tresillian Family Care Centre’s advice to help with the balancing…
Read more
Author Jackie Hall shares her 10 tips for mums to…
Read more
Cry babies

Dry your eyes!
The newest additions are on their way from the Babies who cry real tears!


Latest Tech Used In Shipping Containers
Read how the shipping industry has revolutionised

Motherpedia cover-2

Win 1 set of a 4-book hardcover illustrated boxed set
Barbara Murray’s new 4-book Sound Stories is perfect for parents and educators and could assist with NAPLAN results

Motherpedia cover (4)

Where to celebrate Oktoberfest Australia
Get ready for this celebration!

Motherpedia cover-4

A Fortnight of Foodie Experiences at East Village
A taste of East Village. What's in it for me?

Globber my too fix up cover

We Try: Globber My TOO Fix Up
A scooter that grows with your child

Throw a winning cricket pitch

3 Steps to a Winning Backyard Cricket Pitch
Ex-Adelaide Oval legend curator Les Burdett shares his tips for getting your backyard cricket pitch test match ready this summer

A bike that follows your kids life cycle - motherpedia - cover

A Bike That Follows Your Kids Life Cycle
Check out the Bunzi 2-in-1 gradual balance bike!

Moonlight lifestyle

Moonlight Cinema to bring…
Moonlight Cinema announces brand new Western Sydney venue

Screen shot 2019-11-26 at 8.29.12 am

Your Magical Christmas Wonderland…
Adventure park is about to light up the night sky with its "Christmas Festival of Lights"

Screen shot 2019-11-21 at 11.11.36 am

The Preston Market Gets…
It's time to feel pumped up for the holiday season!


Bunnings team members get…
Help raise funds by buying a snag or donating at your local store.