Playing Lotto Vs. Real Estate Investing
Have you ever wondered why there are no income restrictions on who can play the lottery, but until recently, only the wealthy could invest in commercial real estate?
We’re conditioned to believe it’s a worthy investment (and even fun) to throw cash away on something with odds of 1 in 302,575,350, yet we’re restricted from accessing most real estate investing platforms that have much better odds, because of their high minimum investments. The math doesn’t add up.
The Washington Post reported that the average amount spent by each American on lotto tickets annually has doubled since 1995. There was over $72.7 billion spent on lottery tickets in 2016 which amounts to approximately $600 a year for the average American lotto player. The truth is, the lottery is little more than a tax on middle to working class people seeking a better financial future.
Slogans like “you gotta be in it to win it” and “a dollar and a dream” are created to make you think the lotto can make you rich, when in reality they’re just masking the truth that it won’t.
It’s time for us to get smart and stop paying into the system!
If that same lotto player was to invest $600 a year (or $50 a month) into private market commercial real estate, in just 10 short years, they would have accumulated approximately over $10,000! (That sounds like a lot better deal than losing $6,000, which is what most lottery players will experience.)
Perhaps the real estate investors seeking high-quality commercial real estate investments have it all figured out. You don’t have to be a real estate industry expert to experience the same results.
Our message is simple. Skip the lotto, invest in high-quality commercial real estate, and grow a nest egg. You’ll make all your lotto-playing-friends rethink their strategy too.
Now who’s in it to win it?
Written by Jesse Prince
Jesse Prince is the CEO and Co-Founder of HappyNest and has more than ten years of experience as a real estate investor, advisor, and financial analyst. He is a licensed real estate broker in NY and has over $500 million in real estate transactional experience. Jesse has earned a B.S. from the United States Military Academy at West Point and a Masters in Real Estate Finance from New York University, graduating with “distinction.” Jesse is proud to be a combat veteran and loves watching Army West Point win football games. Go Army! Go HappyNest!