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Today’s mindset topic, abundance vs. scarcity, is one that has impacted my own life, as it has Stephanie’s, countless of our clients, as I’m guessing it has YOU too!
We play a little game at the beginning of this episode and ask you to play along too!
I’ve learned so much about inviting abundance into my life, and in this episode I share my personal story about the moment EVERYTHING changed for me… the moment I made a decision from a place of abundance despite all my fears that came from living with a scarcity mindset my entire life. (I was potty-trained in an out house after all due to lack of indoor plumbing!)
The late Steven Covey coined the terms Scarcity Mindset and Abundance Mindset, and just so we are all on the same page, people who operate from a scarcity mindset believe that there is never enough. They really see life as having a finite amount of everything...money, success, love, recognition. It’s as if life were a pie, and if the person sitting beside them gets the biggest slice, then they simply won’t get dessert. They therefore cling to everything they have, afraid that at some point they are going to come up short.
When you have a scarcity mindset, thoughts and actions come from a place of lack When it’s time to make decisions, fear and paranoia set in, making it very difficult to make life decisions that will lead to self-growth and abundance. When you are living in scarcity mode, you create feelings of jealousy, stress, and anxiety because you are constantly comparing yourself to those around you and living in the fear of the unknown.
Stephanie also lived with a scarcity mindset most of her life. Don’t get me wrong by the way, we both have thoughts based on fears and scarcity at times to this day, we’re just able to recognize them and work through them!)
Stephanie shares about how her scarcity mindset led her to some of the most costly decisions of her life, not to mention years of unhappiness
Fear of scarcity causes us to have tunnel vision... looking only at what is right in front of you for fear of there not being another option. You eat the chocolate cake because there may never be another chance to eat the chocolate cake. You settle for a less than ideal relationship because you may not have another chance to love. You choose the quick fix diet program rather than the long-term investment in your health and wellness.
We then talked about the flip side… the abundance mindset. An abundance mindset is one that flows out of a deep sense of personal worth and security. It is a belief that there is more than enough for everyone, and this where life becomes full and we are able to dream and think big. Abundance creates freedom.
Stephanie then gives you three ways to start you on your road to developing an abundance mindset.
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