Have you listened to any of the constant barrage of financial news that always tells you the economy is terrible, even when it's not? It seems that no matter whether the economy is good, bad, or indifferent, the news always has a negative slant. You rarely hear much about abundance and what's going right in the world.
But there is one thing I've noticed in the wealth of financial information that I see every day.
That theme is the theme of scarcity.
Most of what you hear comes from a scarcity mindset that seems to be pervasive no matter where you turn.
But you don't have to buy into that.
In fact, if you do it may be one of the big things holding you back from your biggest successes in life!
Read on as I share a little about my own struggle with the abundance vs. scarcity mindset.
Abundance vs. Scarcity
When you see people giving financial advice in the media, what is the first thing they always recommend? Most experts recommend things like cutting back on expenses such as eating out, cable TV, coffee, and designer clothes. This is especially true when economic times are tough like they currently are.
Of course, cutting back on expenses CAN be a good place to start if you’re struggling financially. It's something you should certainly do if you’re spending too much and having trouble making ends meet.
But is cutting back and focusing on lack and scarcity the only way?
Is trimming the fat from your budget the only way to set you up for abundance in your finances?
I don’t think so.
You Can Only Cut Expenses So Much
Cutting waste out of your budget definitely helps your finances work better (assuming you even do a budget), but it only helps to a limited degree.
Of course, it's very wise to get rid of expenses that add little or no value to your life, causing more burden than they do joy.
But if you start cutting too much out of your budget, then you start to limit yourself. You’re limited because you can only cut so much. When you get to the point where you’ve cut so much that it saps the joy out of becoming debt free and living a normal life, then the cost cutting starts becoming more of a burden than a help.
That kind of cost cutting is psychologically unsustainable over the long term. It may eventually cause you to fail at your goal of becoming debt free .This misguided mindset that says the only way to succeed financially is by relentlessly cutting expenses is part of what I call a mindset of scarcity.
A scarcity mindset never lets you get ahead-
How do you get a mindset of abundance?
You know the mindset I'm talking about…
It's that little voice that says things like:
- “I can only have this much and no more”
- “Being wealthy is only for certain people and I'm not one of them”
- “I'll never get ahead because the deck is stacked against me”
The Scarcity Mindset
When you have a scarcity mindset, you acknowledge the belief that there are only so many resources available to you. So you have to trudge along, doing what you can with what you have. All the while believing you can save your way to wealth through cutting expenses on essential commodities and eating garri or bread and sachet water.
Don’t get me wrong, managing your finances well. Minimizing waste, and saving are all good things. In fact, those things are absolutely essential to being financially successful. However, they work so much better when paired with the right mindset and actions.
There is more to life than lack and deprivation.
Scarcity is Defensive
When you live with a scarcity mindset, massive abundance is not a consideration. This is because you’re taking a defensive posture with your money and your thinking. You do what you can to preserve and protect what money you have, and maybe even increase it a little, because now you’re saving money you once wasted.
For you to achieve abundance in your life means you have to have an abundance mindset if you want anything more than the bare minimum for you and those connected to you you'll start to change your mindset from one of preservation and scarcity to one of infinite provision, expansion and increase.
My Battle with Scarcity vs. Abundance
I have to admit, there have been times in my life when I gave in to a mindset of scarcity. I've been guilty of being so defensive financially; I missed out on opportunities to make a lot of money. Unfortunately I was so focused on not spending money (or so afraid of losing it) that I missed out on some of those promising opportunities.
So now I always try to make sure I look at things through abundance colored glasses to ensure that I don't miss out on the good opportunities out there.
Live and learn I guess!
The first thing you have to learn is to be proactive.
So what does it mean to be proactive?
I think one of the best ways to be proactive is to work on finding ways to increase your worth to the world. In order to see the exponential increase that you want and increasing your value to the world is a game changer.
Every one of us is uniquely made by God and because of that, each of us has a combination of abilities and talents that are valuable to the rest of the world in some way. The world wants your talents, skills and works.
Work from a Mindset of Abundance
The more you make the effort to develop and improve yourself and the unique abilities God gave you, the more the world will reward you with those little rectangular certificates of appreciation (money) that we all desire.
When you understand that developing yourself and using what God gave you for the benefit of others, you begin working from a mindset of abundance. You realize there is no limit to how high you can go and how much you can change the world.
You realize that being proactive by consistently building up yourself and others will always reap larger benefits in all areas of your life (physically, emotionally, relationally, financially, etc.) than when you become defensive and merely build a fortress around your life and finances.
Unlock the Door of Abundance
So you have to remember, if you really want to go places in life, not just financially, but in any area, you should first recognize that the universe is infinite, and you can experience that limitless world.
But it only happens when you approach life from a mindset of abundance.
If you want more money, friends, influence, love, or anything else, you first have to put yourself out there. Begin providing the abundance of who you are and what you can do for the rest of the world. You have to begin exerting the influence and value that God inherently put inside all of us, including you, by providing your unique value to the world. Hiding your light under a bushel never works to create abundance.
It’s time to shine, it time for the world to know what you have to offer.
Excellence Creates Abundance
Maybe you know how to do very complicated scientific research that could someday lead to a cure for cancer.
Maybe all you know how to do is clean a house really well.
It doesn’t matter.
When you do it with excellence and commitment, the abundant benefits always follow.
When you understand that the world is an abundant place (no matter what you hear on TV) and there is more than enough for all of us, then you'll find the key that unlocks the treasure chest of prosperity in your own life. It’s not always easy, but when you gain the right mindset and begin consistently striving to add value to the world by what you do and how you do it, then you will have the abundance you want for your life, guaranteed!