Are You Lucky with Money?

I am a great believer in making your own luck and when it comes to money I just go after the things in life I want and the money just follows. I am often told I am lucky but I think I just make things happen because I want to.

Creating luck and learning how to make your own luck is something I strongly believe in, I write and blog about it regularly. Thanks for sharing this :-)

Thanks for sharing, Jo.

My so-called luck doesn't exist when it comes to my finances. Careful planning re: frugal spending and staying focused on paying down debt and patience with savings are to my advantage. Sometimes, however, it isn't always easy or within one's control....to a point.

Getting laid off and being unemployed for 1.5 years wasn't easy. That is how I incurred debt. But I controlled it by applying for employment anywhere they were hiring. I guess this is where luck can prevail, because I was at the right place at the right time. The retail manager approached me while I was browsing, asking me a few non-personal questions. One thing led to another and next thing I know, I am hired. I've been working ever since.

This job I have is my niche; it is where I am happiest, and with careful planning I've been able to take control of my finances and put myself in the position I am in today. Hard work also goes a long way. Just some thoughts.

I started to say there is no such thing as luck..... but that's not entirely true.... speculators and gamblers are often more lucky than good. Anyone with a real financial plan who systematically invests is not lucky, they are prepared and disciplined and are playing the long-term odds to get the full return of the financial markets.

People create their own luck. The harder you work, the more opportunities open for you.

I can't attribute my financial success to luck. i don't believe in luck, instead i believe in hard work.

@Abigail - Thanks! :)

I attribute my financial success(Don't know if I'd call it success....yet:) ) to my faith #1, smart/hard work #2, and determination #3.

PS. I thought this was an interesting question, so included it in my roundup. Hope to see some more responses as this is a cool topic!

i think that in order to achieve financial success, you have work hard and stay focused on your end-goal objectives. Hopefully, with a little luck, they will come to fruition earlier than expected. I don't think success comes exclusively from luck; however, I do believe that people do need a 'few breaks' here and there -which can be in the form of luck. (I don't know if what I just said makes any sense but...anyway, it is what it is!)

My financial success, eh? I think that's a loaded question to begin with!

That said, I do count myself lucky. I have a supportive family who have helped me out when I was unable to take care of myself -- financially and emotionally. And now I have a wonderful husband who wants nothing more in the world than to find a way to bring in a stable income for his family.

But luck with money... That's a different story completely.

I was taught from a young age to save. And I was taught to be cautious when spending money. So in that sense, I perhaps made my own luck, since I was able to be a landlord at a young age. Once I sold the house, I was able to pay off my student loans, pay my mom back some money she had lent me, and still had some funds to live on for a bit.

That was about as lucky as I've been with money. I win $1-2 off scratch tickets from time to time. Since I rarely buy them, I couldn't give you much of a statistic. I think the most I've ever won in a casino (and only on slots, mind you) was $150. Which I considered awfully lucky.

So I don't think money is magically drawn to me. But I do think that I'm lucky enough to know how to use it (or not) in the most advantageous way possible. And that's a sort of luck, I think!

Most people who are lucky don’t realize it unless they win the lottery. I can play the lottery 100 times. The chance of matching 2 numbers is 9:1. I think I win a dollar once out of 50 tickets. Hard and smart work and good solid financial planning will get you where you need to go.

@Mrs. Frugal. Love that quote. That's a good point you bring up about making luck count when it happens to you.

One of my favorite quotes is " Luck is where preparation and opportunity meet." I've had accidental financial luck but couldn't sustain it as I wasn't making the right financial decisions at that time in my life. Now we're actively creating our own good fortune through hard work and prudence.