There has been a ton of talk about a lottery jackpot of a half billion dollars. They said that the odds of winning are about one in 175 million. To put that in perspective, think of a place that is about 175 miles away. OK, from Indianapolis it is about 180 miles to Chicago. That should be close enough for this illustration.
Imagine that all along the road during the 3+ hour drive, that there are pennies on their side. There are approximately (not exactly) one million pennies in one mile. One of those pennies has a hole drilled in it. (Don't try this at home. This is for illustration purposes only. I do not advocate damaging US money.) As you drive along during your 3 hour drive, just pick one penny. If you pick the penny with the hole in it, that would approximate the odds of winning the lottery. Want to increase your odds? Buy a dozen tickets. Now you get to pick twelve pennies with the hopes of picking the one with the hole in it.
You might want to have a Plan B in case you don't win the jackpot. Have a wonderful weekend.
If you spend $12 per week to pay down the balance on your mortgage, you can probably cut a few years off your payment, depending on the size of the mortgage and the interest rate. That is a sure winner.
The Indianapolis - Carmel Indiana real estate market it heating up. If you are looking to buy or sell a home in Central Indiana, now may be a good time while interest rates are still close to record lows. There is a good supply of existing homes, new homes, bank-owned homes and short sales. Contact me about your Indianapolis real estate needs.