Friday, August 8, 2014

Winning The Lottery

I am not a gambler but I do like the idea of winning $115,000,000 which is the current jackpot for the Mega Millions Lottery.  I am aware that the odds of winning the top prize is 1 in 258,890,850.  In fact there is a formula that tells you what your ticket is worth and when it's best to buy yourself a ticket.
You multiply 1/258,890,850(odds of winning) X  $115,000,000(jackpot)/1 = 0.44 X $1(ticket price) = $0.44 so if I buy a ticket today my $1 ticket is worth about 44 cents.  When the jackpot rises to $259 million and above the value of your ticket is actually higher than $1 which makes this a better time to buy a ticket if you play regularly.  With that said I am too busy to play but occasionally I do play for fun and I try to find creative ways to do so.

I wrote a computer program a few years ago using Python I tried it out a few times but then forgot about it I did match 2 numbers the first time I used it.  I recently decided to take a look at the program and update it using a newer version this new code will pick random numbers for me similar to the quick pick option at the store or the random number generator on the website.  I created the program as a fun way to play the lotto I wouldn't want to play any other way.  Technically the program could pick the right numbers to make me a winner but the program will not give me a higher probability of winning compared to any other method that others use.

Step 1 - Run the program I created and write down the numbers that appear below

Step 2 - Bubble in the numbers on the NY Mega Millions Lottery Slip

Saturday, August 2, 2014

Learn To Think Outside The Box

Growing up in NYC I did what most people would consider a sure way to success: school and work.   Throughout the years I received the same type of information all others in my class got and it all led to the same conclusion get a 9-5 job with good benefits.

I always thought about earning money by the hour, the day, the week and then by the year.  It wasn't until I started reading, reaching out to people and attending conferences that I learned how to think differently.  I learned that stock trading can be very rewarding.  I once saw a guy make $200 in 1 minute a concept I did not think possible.  It was an unknown unknown.  I then tried to imitate it and eventually got it right.  It changed my way of thinking I now think of making money by the second, minute then by the hour.  I consider an hour a lifetime in regards to making money.  Once you learn this and get it right you can never go back, you see life and time in a different way.  It all happened by thinking outside the box.  I did what society considers right I went to school and got a job yet neither gave me all the information I needed and wanted.

I can read about people who have lost money but it is far more educational to meet the man that actually lost $80,000.  I learned how to make money and evade losses but also that it can be made by the second or minute without so much risk meaning not only stock trading can give you that type of money there are other ways.  

Increased risk will give you a higher probability of potential reward but excessive risk will most likely end in a negative reward outcome.

A 4 minute Twitter (TWTR) Trade 1000 shares = $110 gain

Saturday, July 26, 2014

Education Outside The Classroom

Aside from school and work I like to attend seminars and conferences about different topics such as art, finance and medicine.  I also like to travel to different states to learn about people and their daily lives to see how they differ or compare to people in NYC.  Museums, art galleries and hospitals are of high interest to me so I set these as my first destination points.  I also like to visit restaurants, malls and the zoo if possible.

I recently went to Chicago to see what is now being called a new up and coming real estate hot spot. I got there early and saw the stampedes of people rushing to work.  Young people in their business clothes going to their 9-5 yet I don't think that is the place to find true wealth.  Having a job is a good thing and can contribute to society but is not the way to create real wealth.  Some pretty important buildings all in walking distance from each other yet people bypass them missing out on the enormous educational experience.  I visited the Chicago Stock Exchange, Federal Reserve Bank, Chicago Board Of Trade and the Harold Washington Library (the largest public library building in the world).  Not too many young people at these places or anyone if at all.  If possible I would live in the library and educate myself at the financial district and work at the Illinois Medical District.  For fun I would take the #22 bus ($2.25) to check out the animals at the Lincoln Park Zoo (free).

The world's oldest futures and options exchange established in 1848

One of twelve regional reserve banks

The $10,000 bill was taken out of circulation to discourage their use in avoiding income tax

In July 1914 the Exchange closed as a result of World War I, and remained closed until December 11

Information is not an item but can be exchangeable for goods and services

A few months ago I went to check out the real estate in Rhode Island.  The houses are less expensive than the NYC homes I am used to.  Current rates are at 4.19% for the 30 yr fixed.