An Abundance Mindset

An abundance mindset is the opposite of a scarcity mindset.  A scarcity mindset is one where a person is consumed by fear, desperation, and self-centeredness due to the obsession with not having enough resources to live and thrive.  An abundance mindset is a mindset where a person feels that there are enough resources and opportunities for everyone to succeed and live a fulfilling life.

There are many things in life that we do not have control over.  We do not get to pick our parents, how we were raised, or what resources were available to us as children including nurturing, food, medicine or education.  As adults, however, we do have the power to make the decision as to how we think and react towards every situation.

Our ability to think and how we view situations is a powerful tool.  It is critical to developing a healthy perspective if we want to be successful in life.  Just as negativity attracts negativity, positivity attracts positivity.

I am not referring to a Pollyanna mindset.  Nor am I referring to faking your positivity to the extent where it is transparent and the people around you just label you a phony.  I am referred to a hopeful mindset.  A mindset that will allow you to be happy, help people, and expand your horizons.  The best mindset to have to achieve all of those goals is to develop an abundance mindset.

Honesty

Honesty is a resource that we cannot have too much of.  Many people think of honesty as not telling lies or taking something that does not belong to them.  Yes, you should always be truthful and not steal.  In this context, I am referring to gut-level honesty.  This is the type of honesty that will allow you to be true to yourself and not fall victim to a scarcity mindset.

Do you have self-respect and value who you are as an individual?  Do you accept your current lot in life as a starting point for what’s next?  Do you have personal, professional, and financial goals that you are currently working on?  A person who can answer yes to those questions is highly likely to have an abundance mindset.

Fear

There is positive fear that tells you to look both ways before walking across a busy intersection.  There are also negative fears.  Scarcity is a negative fear.  Scarcity is negative because it consumes you and holds you back from taking the calculated risks that are needed to succeed.

A person who has an abundance mindset is sure to feel fear along the way.  To overcome that fear, they take hold of the steering wheel.  They do not let their emotions hold them back.  They pick up the ball and run with it.  They might fail.  They might fail more than once.  They might never succeed, but it will not be due to the lack of not trying because fear held them back.

Esteem

Many people in society have a scarcity mindset.  They live in fear to some extent.  They are afraid to take risks because they might lose their positions, money, or some other sense of security.

People who have an abundance mindset have high self-esteem.  They have to have healthy self-esteem because they are aware that they are different from other people.  Nobody generally likes feeling different from their fellows.   It does not, however, seem to bother these people who have an abundance mindset because they embrace their difference by moving forward towards their next success.  They do so while those with a scarcity mindset sit back and wallow in fear or envoy.

Comfort

Those who have an abundance mindset often appear cool.  They display grace under pressure.  They wear life like a loose fitting garment.  They are comfortable in their own skin.

There is a reason for their aura.  Don’t confuse it with being blasé.  They are in competition, but not with other people.   They generally see people more as conduits than threats. They are in competition, but it is based on winning by executing a plan.  They do not harbor negative feelings towards their competition.

If it is a competition between two people and they do not win, they humbly congratulate the victor.  They do not fall prey to resentment.   A person who has an abundance mindset is grateful for the challenge and for the opportunity. They feel that there are other opportunities for everybody to succeed and move on to the next challenge.  They have a growth mindset and will diligently prepare to do better when the next opportunity presents itself.

Big Picture

People who have an abundance mindset do not settle.  They think big.  They focus on the long-term.  That is why they are successful investors.  Where a person might cower at the thought of volatility, a person who has an abundance mindset does not fall victim to shortsightedness. They have above average emotional intelligence.  They know that change is constant and embrace it.  When others are selling low, they are looking to buy value.

Conclusion

It is rare to find people who have an abundance mindset.  Unlike unicorns, they do exist.  There might not be any in your inner-circle, but I can tell you where to find them.  They can be easily found online.  They gather on blogs and on forums.  There is a whole community of these folks who are working on achieving financial independence by embracing an abundance mindset as well as empowering others to do the same by sharing their stories.

These folks come from many different walks of life and can be found at different stages of the journey. Some are just starting out in their careers and working on eliminating debt.  Some are millionaires by mid-career.  Others are multi-millionaires and retired while they were still young enough to live out all of their dreams.  If you want to meet some of these folks, check out my Resources Page.  I hope you get to meet some of them and take advantage of what they freely have to offer you.

This post might contain affiliate links.

Please be sure to read the Disclaimer page.

6 thoughts on “An Abundance Mindset

  1. PeerlessMoneyMentor

    I really enjoyed reading this, Dave! Having an abundant mindset is paramount to a happy life. Conversely, having a scarcity mindset prevents you from seeing opportunities in adverse times. When I hit rock bottom a few years ago, I became cognizant of the fact I was operating with a scarcity mindset. Now that I have chosen to adopt an abundant mindset, I am experiencing more success in life.

    Reply
  2. Michael Dinich | Your Money Geek

    I read a book about the abudence mindset, and it really resonated with me. There have been times in my life where I have been scared to spend money on my business, share ideas with others or even donate. I always pause for a second and remind myself of the importance of coming from a mindset of abundance, it always works out.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.