Question

Louis, a high school senior, is known by his friends for generally having good luck. Everything falls his way, including an academic scholarship and a great part-time job delivering pizzas. He's saving for a car to drive at college. Some guys at school heard about a group out west pooling their money for raffle tickets and winning big. They've now started doing that for weeks, with no results. They ask Louis to join them. Five bucks a week for a huge payday. He's tempted. You are his friend; talk him out of it.

Answer 1

Advice is given below

Explanation:

Louis, since you are already saving for a car, I'll advice that you continue saving for that car! The lottery with raffle tickets are basically a means used to "tax" the poor and educate the rich. The next time that the guys at your school draw your attention to a big jackpot or potential big payday from it, kindly check out the long lines and notice where they form.

Investing Five dollars a week into this may initially not appear to be so much, but Louis there's more to this than just what is on the surface.

Gambling is very addictive, and the odds against winning are far greater than the odds for winning!

You should know that wealth doesn't come by luck but by making wise financial decisions.