Winning the Lottery Term Paper

Excerpt from Term Paper :

Winning the Lottery

Almost every individual has dreamed about winning the state lottery and having millions of dollars to spend. While some individuals have elaborate fantasies of what they would do if they won the state lottery, others have more generalized notions. Examples of common visions individuals have about winning the state lottery include buying new car or house, making donations to charities, quitting work, traveling, etc. However, few individuals are truly prepared for the drastic changes winning the state lottery will bring to their lives. This paper analyzes and examines the potential effects winning the state lottery would have on me.

EFFECTS OF WINNING THE LOTTERY

For the purposes of this discussion, it will be assumed that I won $30 million in the state lottery. Winning $30 million in the state lottery would most likely result in a plethora of emotional, financial, personal, and social changes in my life and the lives of those closest to him or her. Some of these effects and their likely impact on me are analyzed and examined below.

First, winning $30 million in the state lottery would provide me with the opportunity to instantly achieve what most individuals have to struggle numerous years to achieve, i.e., financial independence and security. In other words, assuming that I take appropriate measures to conserve, invest, preserve, and save the bulk of his or her $30 million state lottery winnings, I will be in a position to not have to struggle to pay bills and worry about making ends meet. Being in this position would relieve a tremendous deal of stress from my life as most individuals spend the majority of their lives working just to make ends meet. In addition, winning $30 million in the state lottery would enable me to provide financial support to my immediate and extending family, thereby sharing the good fortune with others.

Next, winning $30 million in the state lottery would permit me to quit my job and follow one of his or her dreams. While most individuals actively embrace and promote their dreams at a young age, once they grow older and enter the workplace, their dreams tend to fall to the wayside as pressures to become financially successful increase. In addition, individuals who have attended college in the hopes of acquiring knowledge and skills that will be profitable in the workplace often are burdened by student loans, the monthly repayment of which may be almost as expensive (if not more expensive) as a mortgage payment. Winning $30…

Cite This Term Paper:

"Winning The Lottery" (2002, March 18) Retrieved February 24, 2020, from
https://www.paperdue.com/essay/winning-the-lottery-128425

"Winning The Lottery" 18 March 2002. Web.24 February. 2020. <
https://www.paperdue.com/essay/winning-the-lottery-128425>

"Winning The Lottery", 18 March 2002, Accessed.24 February. 2020,
https://www.paperdue.com/essay/winning-the-lottery-128425