In my Rich Habits Study, 6% if the rich gambled regularly on the lottery vs. 77% of the poor and 16% of the rich gambled on sports at least once a week vs. 52% of the poor.
Two separate studies published in the Journal of Gambling Studies in 2011 and 2012 found that the poor gambled more often often than the non-poor.
In a 2008 study published in the Journal of Behavioral Decision Making found that poor people play the lottery more often than the non-poor because lotteries leveled the playing field between the poor and the non-poor – the odds are of winning are the same.
Lotteries are a form of taxation on the poor. And this tax is increasing. In 2014, lotteries contributed $21.3 billion to state budgets, up from $18.2 billion in 2008, according to the Census Bureau.
According to my research, if you want to break free from poverty you must adopt certain specific good habits (Rich Habits) and eliminate certain specific bad habits (Poor Habits).
If you want to end your poverty, adopting the habits of wealthy, successful people is the key. You must walk in the footsteps of the wealthy if you want to become wealthy. Your behaviors, thinking, emotions and decision making must mimic those who are succeeding in life.
Success is a formula. It’s not a secret any more. Your habits dictate the financial circumstances of your life.