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	<title>Comments on: Personal Finance Basics: A Retirement Strategy that Just Won&#8217;t Work</title>
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	<link>http://howtomanagemoneytips.com/personal-finance-basics-a-retirement-strategy-that-just-wont-work/</link>
	<description>Make it. Manage it. It&#039;s your money!</description>
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		<title>By: Jamie Livsey</title>
		<link>http://howtomanagemoneytips.com/personal-finance-basics-a-retirement-strategy-that-just-wont-work/comment-page-1/#comment-399</link>
		<dc:creator>Jamie Livsey</dc:creator>
		<pubDate>Sat, 28 Nov 2009 13:38:17 +0000</pubDate>
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		<description>Hi, I&#039;ve just found your site while hunting around online as I&#039;m searching for some information on debt relief!. It is an interesting site so I&#039;ve bookmarked you and I intend to revisit soon to enjoy a proper read when I have more time.</description>
		<content:encoded><![CDATA[<p>Hi, I&#8217;ve just found your site while hunting around online as I&#8217;m searching for some information on debt relief!. It is an interesting site so I&#8217;ve bookmarked you and I intend to revisit soon to enjoy a proper read when I have more time.</p>
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		<title>By: Brandon</title>
		<link>http://howtomanagemoneytips.com/personal-finance-basics-a-retirement-strategy-that-just-wont-work/comment-page-1/#comment-12</link>
		<dc:creator>Brandon</dc:creator>
		<pubDate>Fri, 05 Jun 2009 12:13:25 +0000</pubDate>
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		<description>I run into a lot of people that think the lottery is a valid plan. Its to bad, if they only knew the power they have to create their own wealth.</description>
		<content:encoded><![CDATA[<p>I run into a lot of people that think the lottery is a valid plan. Its to bad, if they only knew the power they have to create their own wealth.</p>
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		<title>By: Richard Barrington</title>
		<link>http://howtomanagemoneytips.com/personal-finance-basics-a-retirement-strategy-that-just-wont-work/comment-page-1/#comment-9</link>
		<dc:creator>Richard Barrington</dc:creator>
		<pubDate>Tue, 02 Jun 2009 19:01:25 +0000</pubDate>
		<guid isPermaLink="false">http://howtomanagemoneytips.com/?p=413#comment-9</guid>
		<description>Two thoughts about the lottery:

- A very gifted mathematician once pointed out to me, somewhat tongue-in-cheek, that the only lottery ticket purchase that makes sense is your first one. That increases your odds of winning infinitely (that is, compared with not buying a ticket). There is a significantly diminished return, in terms of improved odds, to each successive purchase.
- The real problem with people who seriously think they are going to win the lottery someday is this creates the illusion of having a plan, which can get in the way of real planning and saving.</description>
		<content:encoded><![CDATA[<p>Two thoughts about the lottery:</p>
<p>- A very gifted mathematician once pointed out to me, somewhat tongue-in-cheek, that the only lottery ticket purchase that makes sense is your first one. That increases your odds of winning infinitely (that is, compared with not buying a ticket). There is a significantly diminished return, in terms of improved odds, to each successive purchase.<br />
- The real problem with people who seriously think they are going to win the lottery someday is this creates the illusion of having a plan, which can get in the way of real planning and saving.</p>
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