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Meshio.com - Malaysia Personal Finance blog  






Gaming

No, I am not referring to Playstation or X-Box. It’s TOTO, Magnum and Damacai I’m talking about here.

I am not sure if FPAM bothered to do any survey, but here are some stats from US.

A 2006 survey, jointly sponsored by the Financial Planning Association, or FPA, and the Consumer Federation of America, or CFA, found that about 21 percent of Americans believe that winning the lottery is the best way to accumulate several hundred thousand dollars. That number jumps to 38 percent of people with an annual income less than $25,000.

I am a non-believer, hence it still amazes me each time I pass by these gaming outlets where people are just waiting to be “the one”. And it also answers another questions that I have, why is it that Malaysians are so vulnerable to “Get Rich Quick schemes” (Skim Cepat Kaya).

You know, it’s true when they say lottery is the poor man’s tax.





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