You are to assume the role of a financial advisor. A client has asked you for advice on investing for the future.
The client is a young adult starting out in a professional career. The client was told that it is important to begin investing at an early age, in order to have money for the future. The client feels since there is so much time before retirement, it is adequate to simply put some money into a savings account each month and to purchase lottery tickets each week, with the hope of winning big.
You must explain to the client reasons why investing money is a better option than purchasing lottery tickets for future wealth. You must explain how investing money over time may result in a larger sum of money than money put in a savings account.
