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Do you think with abundance or scarcity?

As the holidays approach I’ve been thinking a lot about holidays past. The years I was struggling to raise three children on my own. The years I was a newly wed struggling to make ends meet on small paychecks. When I look back I realize I did a lot of unnecessary struggling. The reason I did that was because I had a thought pattern of scarcity. I could not envision abundance, mostly because I had never experienced it. There is a book that you should read to understand how living in scarcity affects your brain.

Scarcity: Why Having Too Little Means So Much by Sendhil Mullainathan and Eldar Shafir. This book has nothing to do with being a Virtual Assistant, but it will give you the low down on why living a life of scarcity can damage your ability to think clearly and make good choices.

Once you read it you may be able to identify your own thought patterns surrounding scarcity. I look back on those days and realize the mistakes I made now that I have a thought pattern of abundance. This matters a great deal when you are in business for yourself because if you cannot change your thought patterns it doesn’t matter how much money you make, you’ll still be scraping by every month, pay check to pay check.

When you have a mindset of abundance you:

Don’t say no to things coming up in the future because you think you won’t have the money to do it. You know you will have the money to do it, so you jump at every opportunity and chance.

Don’t make bad choices with the money you do have. You know the cost of bad choices such as getting pay day loans, or using consumer credit cards, will have on your future. Instead, you earn the money you need for your expenditures.

Can envision earning more money than you even need. You stop scraping by and get ahead of the game by saving money appropriately and making good decisions. You don’t waste money.

You realize that while money isn’t everything, it is what gets us most of what we need, but not everything. It’s up to us to form good relationships with people so that we can also be happy. Money won’t do that for us.

Think positively and know that you can achieve the goals that you’ve set for yourself. Plus, you actually set smart goals that are not only achievable, but you set out a plan of action with steps that you can take each day to make them a reality.

Seek out education when you don’t know something. People who have an abundant mindset learn what they need to know to be successful.

So, do you have a mindset of scarcity or abundance? Are you still just scraping by. Do you worry about the money every single month? Or, do you know the money will be there because you’ve done what needs to be done to ensure that it’s there?

One of the things that has enabled me to develop an abundant mindset is to join with other people who have an abundant mindset.  I couldn’t do what I do with out this group. Will you join me?  If so click the image below to get more information.

About Stephanie Watson

Mom | Wife | Virtual Assistant | Content Strategist
Stephanie has been working from home for over 20 years as a virtual assistant, template bender, and content writer. She's currently transitioning to business coach. You can learn more about her at her website http://www.barrypublishing.com.

Comments

  1. This is EXCELLENT advice. It’s so, so important to manage your mindset. There’s a famous quote…”Whether you think you can or you think you can’t, you’re right.”

    I don’t know who said it, but it’s absolutely true, and the same thought can be applied to money. When you believe you’ll be broke and you tell yourself you’re broke and you act like you’re broke. You’re broke. My husband struggles with this – and it causes no small amount of disagreements between us – no matter how much we earn, he feels the bills are too high (they’re not), the income is not enough (it is), the sky is falling (not today). I wish he could learn to think more positively about our financial situation, but like you, I believe it stems from a history of money problems, so I’m sure it won’t be an easy thing for him to overcome.
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    • I still struggle with it on occasion. Like, before we decided to build the house. I was afraid. But, I thought, you know I can do this. Anytime I’ve needed money, really needed it, I have busted my rear to get it. So, what if I turned my want into a need in my mind, would that work? Well it has worked. The moment we signed the paperwork to build the house, I went home and mapped out the plan of how I’d earn the money for the rest of the down payment, closing costs, and so forth. It’s worked. We have the money ahead of schedule.

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