This sure sounds risky as usually to save for your future people would recommend that you pit money aside in your savings as an emergency expense while earning some small interest. Or, you can invest it in some kind of guaranteed investment fund of sort. But what if instead each week you placed aside a portion of your income into the stock market instead? Apparently, that’s what some people do and while they don’t win all the time apparently it was enough to easily earn way more than simply putting it in the bank or other safer avenues.
I guess it can work in the sense of if you wee one to invest in say NVIDIA or Amazon way back you would have been set for life. You could be that unlucky and lose it all of course too. But thinking back, maybe it would have worked as I can remember all these times where I thought of just throwing say $1000 at a stock that looked good as I used the company’s products as an example. For various reasons I didn’t only to see the company’s value increase by like more than ten times. This happened frequently too. If I had a habit of just investing in something each week the wins would have far outweighed any losses.
You would be diversifying your investments too. At minimum you can still save some money but instead divert your lavish entertainment funds to the investments instead.