Poverty and Gambling Linked Together in New Study

I was talking with a buddy of mine who owned a landscaping business about the Rich Habits and the Poverty Habits and mentioned to him that my study showed that poor people played the lottery more than rich people. He became very animated and told me how he pays his employees at the end of the week, every Friday, and then watches as they run to the convenience store to buy lottery tickets. “I’ve seen them cough up as much as 20% of the money I just gave them for lottery tickets.” He was dumbfounded by it. I asked him if he ever confronted them about this Poverty Habit and he confessed that he hadn’t. I explained to my friend that most poor people learn these Poverty Habits from their parents and their environment and that it is important to shine a light on a Poverty Habit when we see someone engaged in it. I told him he was not just an employer but a mentor to his employees and he promised to share the following stats with them:

  • 77% of the poor in my study regularly played the lottery while only 6% of the wealthy engaged in this activity.
  • 52% of the poor gambled on sports at least once a week vs. 16% for the wealthy.

I am often told by T.V. and radio hosts that breaking an old habit is hard to do. They’re right. Old habits are hard to break. But you don’t have to break any old habits. All you need to do is add a new Rich Habit. Rich Habits are trigger habits. They trigger the change of other conflicting habits. For example, drinking too much beer is a Poverty Habit. So is over eating and not exercising. Suppose you decide you want to lose weight and add the Rich Habit of exercising aerobically every day for 20-30 minutes as well as eating right and reducing the number of calories you consume every day?  In a few weeks people begin to see the weight loss and compliment you. This makes you feel good and affects your thinking. You begin to think about your excessive beer drinking Poverty Habit. The Rich Habits of aerobic exercise and healthy eating is competing with your beer drinking Poverty Habit and eventually you will reduce your consumption of beer. Adding just one Rich Habit acts as a trigger mechanism that affects your Poverty Habits. It’s a domino affect. Adding one Rich Habit knocks down other Poverty Habits.

So how do you eliminate the gambling Poverty Habit? You add the Living Below Your Means Rich Habit. You begin to save 10% of your net income every pay period and live off the remaining 90%. Since you can’t do both at the same time – gamble and save – one of the habits has to go.

The key to getting on the right track in life is not focusing on eliminating your old Poverty Habits but, instead, to focus on adding one or more Rich Habits. It may only take one Rich Habit to trigger the elimination of numerous Poverty Habits. Habits that have been holding you back your entire life.

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Thomas C. Corley About Thomas C. Corley

Tom Corley understands the difference between being rich and poor: at age nine, his family went from being multi-millionaires to broke in just one night, due to a catastrophic fire that destroyed his Dad's thriving business. For fourteen years they struggled with poverty. There were eleven in Tom's family, and they lived in constant fear of losing their home.

Driven by the desire to unlock the secrets to success and failure, Tom spent five years studying the daily activities of 233 rich people and 128 poor people. He discovered there was an immense difference between the habits of the rich and the poor. During his research he identified over 300 daily activities that separated the “haves” from the “have nots.” Tom decided to write a book to share what he learned. That book, Rich Habits: The Daily Success Habits of Wealthy Individuals (1st Edition), went on to become an Amazon Bestseller in the United States forty times over a three year period. To give you some perspective, in order to be a true Amazon Bestseller in the United States, where you actually receive a specific Bestseller designation from Amazon, you need to be in the top 100 of all books sold by Amazon in the United States in a given day. Rich Habits did that for nearly thirty straight days, rising as high as #7, eclipsing such Bestselling authors such as Stephen Covey, Robert Kiyosaki and J.K. Rowlings. Imagine that - an unknown, first-time, self-published author selling more books than J.K. Rowlings!

Tom now travels the world, sharing his Rich Habits and motivating audiences at industry conferences, corporate events, universities, multi-level marketing group events, and global sales organizations’ presentations and finance conferences. He has even spoken on the same stage with famous entrepreneurs and personal development experts, such as Sir Richard Branson, Robin Sharma, Dr. Daniel Amen, and many others.

Tom has shared his insights on various national and international network, cable, and Internet television programs such as CBS Evening News, NBC News, Yahoo Financially Fit, Money.com, India TV, News.com Australia, and a host of others. He has been interviewed on many prestigious nationally syndicated radio shows, including the Dave Ramsey Show, Marketplace Money, and WABC.

Tom has been featured in numerous print magazines—such as Money magazine, Inc. Magazine, SUCCESS Magazine, Entrepreneur magazine, Fast Company magazine, More magazine, Epoca Magazine (Brazil’s largest weekly) and Kiplinger’s Personal Finance magazine—and various online publications, including USA Today, CNN, MSN Money, SUCCESS.com, Inc.com, and the Huffington Post. Tom is a frequent contributor to Business Insider, Credit.com, Bankrate.com and a few other media outlets.

National publicity has garnered international media attention for Tom and his Rich Habits research spanning 23 countries. Broadcast media, online publications, and television throughout Asia, the South Pacific, Europe, the United Kingdom, and Central and South America have shared his powerful message.

In an effort to help parents, grandparents, teachers and adults become success mentors to the younger generation, Tom released his second book, Rich Kids: How to Raise Our Children to be Happy and Successful in Life in 2014. This book was the self-help category winner of the 2015 New York Book Festival and Runner-up in the prestigious 2015 Writer’s Digest Self-Published Book Awards Contest. In 2016 Tom released his third book, Change Your Habits, Change Your Life. This book provides the latest science on habit change as well as more of Tom's unique research on the specific habits that helped transform 177 ordinary individuals into self-made millionaires.

Besides being an author, Tom is also a CPA, CFP, and hold a master’s degree in taxation. As president of Cerefice and Company, CPAs, Tom heads one of the premier financial firms in New Jersey.
 
Phone Number: 732-382-3800 Ext. 103.
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