I Saw Someone Win A $7,000 Jackpot on Slots In Vegas but In My Mind…

She was so happy, she was crying. A crowd of spectators began gathering around her and began clapping in amazement and awe. I clapped for her too and was genuinely happy for her. It’s awesome to see people so happy. Odd but it makes me happy.

But… in my mind…

All I can think of was what that money is really worth. To me, what matters more is what the money can earn me than the figure itself.

What can that amount of money do for me. How much could it earn me. So, $7,000 invested in a dividend stock earning 4% equals $280 in annual income. That is $23.33 per month.

So, the moment the jackpot hit, and I saw how ecstatic she was and how much she had won…. My brain translated that jackpot into monthly income of $23.33 and it slapped me right back into reality.

 

A Real Jackpot Worth Striving For

I know it’s stupid to compare a one-time jackpot of $7,000 to a passively flowing income of $7,000 per year but let’s remind ourselves real quick.

To earn $7,000 per year, you would need $175,000 earning an annualized return of 4%. Now if someone had won a jackpot of $175,000, my eyes would probably pop out of my eye socket.

Now THAT is a real jackpot to envy isn’t it? Just a random thought I had during my road trip. Thanks for reading.

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