The First Three Things Lottery Winners Do

From Worry to WealthyUpdated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 133-May 13 “I’ve been rich and I’ve been poor. Rich is better.”—Sophie Tucker Your wildest dreams come true: You pick the winning numbers in the lottery and suddenly you are a millionaire! Now what? What do you do first? There was a study several years ago that determined the top three things that most winners did—and nearly 90 percent did all of these three things. I will list them for you in reverse order, a la David Letterman: #3. They buy a new car. #2. They take a trip. If they were married with children, they go to Walt Disney World in Florida. If they are married … [Read more...]

Risk: Gambling

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 62 - March 3 “Experience is a good teacher, but she sends in terrific bills.”—Minna Antrim “Do you ever gamble, Fred?” the player in seat two asked the dealer, a handsome black man with a bright smile. “Oh, noooo!” he exclaimed, shaking his head with a grin as he shuffled the cards. “I go to Gambler’s Anonymous three times a week. I lost $85,000 in one year, the house, and the wife. I don’t gamble any more.” Whenever I read an article or watch a television program about gambling, it is usually filled with stories like the one above. There are many of them. So why is gambling a $500 billion … [Read more...]

Appreciating vs. Depreciating Assets

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 259-September 16 “Debt is a trap which a man sets and baits himself, and then deliberately gets into.”—Josh Billings This is the story of the new car I didn’t buy. At least, not right away…. I had weathered many financial storms, but the sun was shining now. My new business was booming. I was earning good money, saving regularly, and was on the road to becoming debt-free for the first time in my life. I did my positive affirmations daily and my “High Budget” was becoming a reality. Then I happened across a brand-new Lexus GS 300. A brilliant, sparkling, gold, sporty model, I could picture my cute … [Read more...]