Debbie Harris 
Sept 2023  •  2 min read

1 in a million (or rather 1 in 45 million!)

You are more likely to be struck by lightning or attacked by a shark than winning the jackpot on the National Lottery.

Playing the lottery can be a bit of fun, especially if you have a lucky number or a favorite game. Most participants enjoy the thrill of anticipation and the possibility of winning a huge jackpot (let’s face it, most of us have a good idea of what we’d do with our winnings!)

Here at Solomon’s, we are not party poopers and if the Lottery is your ‘dabble’ into the world of improbable dreams – then that’s all good … we’re only talking about £2.00 a week for a ticket after all.

But it IS our job to challenge your financial decisions and I wonder whether you have ever thought about the impact of doing something different with that £2.00 a week … ?

If you were to save it for 50 years and were to achieve a return of 5% per year – you would have more than £23,000 in your account at the end!

Most of our clients understand the power of compounding interest and are fully onboard with the nature of long-term investing, so this example probably comes as no particular surprise – but it just goes to show that ‘a little’ can become ‘a lot’ given time and proper attention (which is a big part of what we do for our clients at Solomon’s).

Of course, the National Lottery does support lots of charitable and community causes, so your £2.00 a week isn’t entirely ‘wasted’!