how to get rich without winning the lottery-friedberg

How to Get Rich Without Winning the Lottery

Wealth Building Road Map; How to Get Rich-Without Winning the Lottery

I’m pained every time I stop by the neighborhood drug store and see the folks scratching off the lottery tickets. You’re as likely to get rich “investing” in lottery tickets as you are to get killed by lightning.

How to Get Rich Without Winning the Lottery will lead you on a step by step path to become a millionaire. The book is filled with actionable tips to slash costs and ways to build wealth automatically. 

Would you like a “get rich” approach without hyperbole? This is not a get rich quick scheme.

Are you interested in a workable, life long blueprint for wealth?

Here’s a guide for  lifetime wealth, filled with tips, strategies, and actionable steps to go from money loser to money winner. 

How to Get Rich Without Winning the Lottery

Learn to save $70,000 now, with a few paragraphs from  How to Get Rich; Without Winning the Lottery for a taste of the wealth building strategies.


how to get rich without winning the lottery-perfect holiday gift

But first, why should you listen to Friedberg?

I have 30 years investing experience, a work history which includes a 20 year stint as a portfolio manager and a few more years as a university investments instructor. I’m also the author of Personal Finance; An Encyclopedia of Modern Money Management (published by Greenwood Press). I’m also a regular contributor to Investopedia, Seeking Alpha, U.S. News and World Report and more.

Finally, I’ve practiced every one of these strategies for decades, and they work!

 Make $70,000 With Minor Lifestyle Changes

Excerpt from “Step 3: Spend Your Way To An Awesome Life”

As a volunteer tax preparer for lower income folks, I was amazed at the frequency during which the clients came in with a convenience store snack; small pack of cheese crackers, a soda, a candy bar, or another quick item. In contrast, before my three hour shift, I packed a drink and snack for myself at home.

Now, I’m not saying this to gloat, but to inform that, the money lost is substantial by buying snacks out instead of bringing from home. Slap together a few bad money habits; smoking, buying lunch  out,  playing  the  lottery  and  you’ve  needlessly spent thousands of dollars over the years.

Look at the daily cost of convenience store snacks:

Coffee from a coffee shop $2.00
Sweet roll $2.00
Pack of crackers and cheese $1.25
Soda $1.70
Total $6.95


Compare that with snacks brought from home:


Coffee from home


Sweet roll from home


 Crackers and cheese or peanut butter – home made


Soda can from home





Daily Savings:                                         $4.70

 How does $4.70 turn into $70,000?

Multiply $4.70 by 365 days and that’s $1,715 wasted in a year. Invest the $1,715 each year in a stock mutual fund returning 7 percent. At the end of 20 years, the $1,715 annual investment is worth $70,307. This is how to get rich!

Is it worth planning and spending a few minutes each day to pack some snacks and a lunch, in order to invest for the future?

Stock up on low cost snacks at the grocery and leave them in the car or at work. We leave a flat of waters and coke in the car so we don’t have to pay $2.00 for a can of soda. If you think it takes too much work and planning, ask yourself if doing a bit of planning is worth $70,307.

Is this example realistic. Yes, it is. I know because I have practiced this “small money savings” funneled into investing for decades, and the results are phenomenal. 

Compounding your money with investing is how these small sums grow into substantial wealth.

The stock market has returned more than 9% over the last 100 years. Bond returns averaged 5%. 

Convert Savings Into Investing Into Wealth

Look at this next realistic example showing how small changes can lead to great sums of money.

Contribute $300 per month, or $10.00 per day into an investment portfolio of 60% stock index mutual fund (such as Vanguard Total World Stock Index Fund- VTWSX) and 40% bond index mutual fund (such as Fidelity Spartan U.S. Bond Index Fund-FBIDX).

How To Find An Extra $10 per Day

Find that $10 each day with a few minor lifestyle hacks. Think before you pick up that snack at the mall. Pack a lunch. Take public transportation to work and cut back on vehicle expenses. Get your kids  fewer toys, buy an outfit at the thrift store, skip the restaurant dinners out for a few meals. The choices for skimming a few dollars off the budget are endless, and will not change your overall life enjoyment.

Back to the former example;  With a 7 % average return, your $300 per month investment into a 60% stock and 40% bond index fund portfolio will be worth $366,000 after 30 years of investing.

Is it worth finding $10.00 of cash per day to have almost four hundred thousand dollars in retirement? In fact, divert the money you would have spent on the lottery into a much surer thing….. investing for your family’s future.

Can Saving Money Really Translate into Piles of Cash?

There are those who argue that in order to amass hundreds of thousands of dollars, you need to earn a huge salary. They go on to allege that cutting costs is less important.

I disagree. 

As someone who met her retirement goals awhile ago, I can attest that wealth building involves a combination of behaviors and factors.

  1. Auto save and invest 15 percent or more into retirement accounts.
  2. Develop additional streams of income, and invest that money.
  3. Practice mindful spending on what matters most to you. 
  4. Delay spending. 

  How to Get Rich Without Winning the Lottery offers:

  • A blueprint for wealth with a step by step process.
  • Shows how to eliminate debt with a simple strategy.
  • Teaches basic investing that works.
  • Uncovers the wealth building secrets of the rich.

If you have concerns about making ends meet, saving for retirement, how to build wealth, or basic money management, take this opportunity to download and read the Kindle version-on sale for a buck

How to Get Rich Without Winning the Lottery

Action Steps-Give How To Get Rich Without Winning the Lottery to Those You Care About

Forward this How to Get Rich Without Winning the Lottery link to anyone you know who needs a wealth building blueprint.

The book is a wonderful gift for teens, grand kids, money educators, and those without any financial role models.

If you think the book is helpful, please leave a review.

Updated; November 17, 2017


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