Are You Lucky with Money?

Lucky with MoneyWe’ve got one of my favorite holidays, St. Patrick’s Day, coming up next week.

It’s one of the only holidays where the city of Dallas, where I live, really shines. We have a great parade and party that I’ve had a lot of fun at in the past. Too much fun, maybe?

Anyway, I thought I would focus on luck today. Have you been lucky in your financial life? Was it your smarts or your luck (or something else) that got you where you are today?

Looking back over my life, I can’t really pinpoint a single lucky incident or event that has catapulted me into financial success. I didn’t win the lottery or stumble upon a fantastic business idea. However, I do feel like I’ve lived a blessed life.

On second thought, you could consider it lucky to be born where you are and what parents you have. In that regard, I’m pretty lucky. While not rich, my parents have good money skills. But to be born in the U.S. is one of the most advantageous things that could have happened to me.

Richard Wiseman did a small study on luck back in 2003 where he concluded this:

“although unlucky people have almost no insight into the real causes of their good and bad luck, their thoughts and behaviour are responsible for much of their fortune.”

So if our thoughts and behaviors are leading to our success, one could assume that you should focus on making your thoughts and behaviors those that lead to financial success and fortune.

I would assume that if you are filling your mind with ideas and strategies that lead to fortune, and then if you are aligning your behaviors with that knowledge, then you should be on the path to fortune yourself.

Do you feel as if you are on a path to fortune? If not, what about your thoughts or behaviors could change? Is there something you could learn that would increase your chances of fortune? Is there a certain behavior or habit that you need to change to achieve your fortune?

I bet if we all ask these questions of ourselves we could find some areas to improve upon.

Do you attribute your financial success to luck or something else? And if you feel like luck can be created, what are you doing right now to create your own luck?

Last Edited: February 17, 2012 @ 12:39 pm The content of is for general information purposes only and does not constitute professional advice. Visitors to should not act upon the content or information without first seeking appropriate professional advice. In accordance with the latest FTC guidelines, we declare that we have a financial relationship with every company mentioned on this site.
About Philip Taylor

Philip Taylor, aka "PT", is a CPA, financial writer, FinCon CEO, and husband and father of three. He created PT Money back in 2007 to share his thoughts on money and to meet others passionate about managing their finances. All the content on this blog is original, and created or edited by PT. Read more about Philip Taylor, and be sure to connect with him on Twitter, Facebook, or view the Philip Taylor+ Google profile.


  1. 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.

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

  3. 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.

  4. 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!

  5. 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!)

  6. 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!

  7. myfinancialobjectives says:

    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.

  8. @Abigail – Thanks! 🙂

  9. innocent says:

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

  10. Forex Automatic says:

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

  11. 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.

  12. Jo/Gaelicwench says:

    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.

  13. Thanks for sharing, Jo.

  14. 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 🙂

  15. 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.