Why The Lottery Mentality Will Keep You Broke

March 10, 2021

by Kenneth Holland

'Until you change the way you think about money, wealth will elude you. And the lottery mentality won't fix it...'

It seems in recent years that sweepstakes and state-run lotteries have cropped up everywhere breeding more and more of what I call the Lottery Mentality.

You’ve seen it (and perhaps you’ve played it): Hordes of people flock to the nearest liquor store or supermarket to grab their ticket when the prize reaches in to the hundreds of millions. Even when I see the lottery up to 200, 300, 400 MILLION, I get a bit intoxicated thinking about it…and who wouldn’t?

After all, that is beyond ‘life-changing’ money.

Here is the actual definition in Dictionary.com:

The belief that someday one will win a lottery and that one’s problems will go away; a desire to become rich by winning a lottery or some other method other than earning it.

Wouldn’t that be great. Not only a shortcut, but your problems will go away.

Sounds great to me…right?

Then why do things like this happen to people that win the lottery:

Jack Whittaker

“I wish that we had torn the ticket up”

‘Jack Whittaker was already a millionaire when he won a $315 million in a lottery in West Virginia in 2002. The then-55-year-old West Virginia construction company president claimed he went broke about four years later and lost a daughter and a granddaughter to drug overdoses, which he blamed on the curse of the Powerball win, according to ABC News. “My granddaughter is dead because of the money,” he told ABC. “You know, my wife had said she wished that she had torn the ticket up. Well, I wish that we had torn the ticket up, too.” Whittaker was also robbed of $545,000 sitting in his car while he was at a strip club eight months after winning the lottery. “I just don’t like Jack Whittaker. I don’t like the hard heart I’ve got,” he said. “I don’t like what I’ve become.”’

Abraham Shakespeare

“I’d have been better off broke”

‘Abraham Shakespeare was murdered in 2009 after he won a $30 million lotto jackpot. The 47-year-old Florida man was shot twice in the chest and then buried under a slab of concrete in a backyard, ABC News reported. DeeDee Moore, who authorities say befriended him after his lotto win, was found guilty of first degree murder in 2012. His brother, Robert Brown, told the BBC that Shakespeare always said he regretted winning the lottery. “‘I’d have been better off broke.’ He said that to me all the time,” Brown said.’

Until You Get Rid of the Lottery Mentality, Wealth Will Elude You

I'm sure there are people unpublicized who are doing fine with their winnings, but the vast majority are simply not ready for that kind of wealth. That’s why they are not wealthy in the first place.

Think about this and I challenge you: If you ever sit there and think, ‘If I can just win the lottery then I can solve so many of my problems.’

…then you’ve already lost.

Why aren’t you solving those problems now?? 

Yes, money is necessary. Money can be a great tool to give you freedom and options. But you MUST have a very strong ‘WHY’ as to why you want it and not fall victim to the lottery mentality. It can ruin you (as you have already seen).

It’s not enough just to say ‘I want to be rich’. Not even close.

This is why I constantly harp on the 'mindset of life', if you will. I talk about it in my affiliate and email trainings, and in general. Why? Because most peoples' obstacles start and end with what's in their head.

If you don't believe that...there you go.

There must be a purpose to why you want something…and money is no different.