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##### The common lottery is like the common cold, something to be avoided. Today we talk about the cure, yes the cure to the common lottery. The No Loss Lottery!  #nolosslottery

# PLSA or Prize Linked Savings Account
- This is basically a savings account, which allows you to win prizes.
- ‘This is great for three reasons:
- ‘First, the poor spend a higher percentage of their income on lottery tickets then the rich or middle class. 
- The odds of winning a lottery are very low, like 1 in a million or 1in ten million.
- ‘For these reasons lotteries are viewed as taxes on the poor, as they lose the money they spend on lottery tickets, and have no real chance of winning.

## The cure for the common lottery

##### The Prize Linked Savings Account is often said to be the cure for the common lottery. 

- The prize linked savings account is great compared to a lottery because the odds of winning are better, and the ticket price is never lost.

- Because the poor who deposit in Prize Linked Savings Accounts with a hope of winning, end up saving a high percentage of their take home pay then the rich or middle class these prize linked savings accounts become an excellent incentivized savings vehicle.

## Last thoughts
- Some times people look down on the poor, and criticize them for playing the lottery, as a waste of time.
- ‘But for many poor with no skills, no education, and no real prospects for changing there lives, a lottery is their only hope. And the strongest emotions humans have is hope. For without hope all is lost, and suicide is the only answer.
- ‘So the next time you feel like criticizing lotteries, remember they are the last hope of the downtrodden, and without them there would be only hopelessness.
- So instead of criticizing them, patronize the better version, the Prize Linked Savings Account or No Loss Lottery. Reward the behavior you want to continue, behavior that helps people win!

##### @shortsegments

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