When I was writing this blog post, I did a simple google search. And i asked for two simple words. Scarcity and Mindset
Scarcity- noun; the state of being scarce or in short supply; shortage.
Mindset- noun; the established set of attitudes held by someone.
Scarcity mindset- The established set of views that resources, opportunities and success is in short supply.
Do you have a scarcity mindset?
If you’re not very sure, read this post to find out.
Have you ever felt like the world is like a pie? And if one person takes a huge part of the pie, then the rest of the world has to share the little that’s left?
That’s what is referred to as a scarcity mentality. Quite often, it’s not your fault that you have a scarcity mentality. A lot of factors such as the environment you’re in, the people you surround yourself with and what you know affect the kind of mentality you have.
“Scarcity mentality measures out life by the ounce; it always concludes that the needs outweigh the resources.”― Erin M. Straza,
It only becomes an issue when you know better and you decide to stick with a scarcity mentality. Because, the truth is, what you think is what you become.
Scarcity is thinking from a place of lack
So if you think there’s a limit to what you can achieve and what you’re capable of, you’re going to live within that mentality and never go higher than that.
“Poverty is a mindset: It creates that sense of scarcity. You then become accustomed to it such that your life is hinged on protecting the scarce resources that you have. ― Oscar Bimpong
These are a few signs that you’ve got a scarcity mentality
- Maintaining the belief that situations in life cannot change
If you think the world is static and things cannot improve or be better, then this might be a sign that you have a scarcity mindset.
- Getting easily jealous of others
Like we discussed earlier, scarcity means you’re thinking and reasoning from a place of lack. It’s only normal that you’re going to be jealous of people who are doing better than you because you’d feel like they’ve taken most of the available opportunities.
- Constantly using scarcity language e.g not enough, don't have, not possible
This could happen unconsciously. But if your first response to any opinion is ‘not’ ‘can’t ‘don’t’ and other negative words, then you need to check yourself. If you’re asked to borrow someone something and the first thing you think of is that you won’t have enough for tomorrow. You might have a scarcity mindset.
- Lacking generosity
Do you notice that lots of millionaires and billionaires give a lot? Have you ever wondered how their money hasn’t finished with the amount they give? It’s because they don’t have a mindset. They know that the more they give, the more they’d receive. Cycle of money 💰
So how do I stop having a scarcity mindset?
If you’re asking yourself this question...
Enter: Abundance Mentality
“There’s enough for everyone. If you can believe it, if you can see it, if you act from it, it will show up for you. That’s the truth.”- Michael Beckwith
Abundance- noun; a very large quantity of something.
The term, Abundance Mindset, was coined by Steven Covey back in the day when he wanted to explain the concept in which a person believes that there are enough resources and successes to be shared with others.
It’s pretty easy to develop an abundance mindset and obviously, much less stressful. It allows you the freedom to grow without limitations or restrictions and see a world filled with opportunities.
Think of it like smiling and frowning. It’s easier to smile than to frown plus it’s much healthier.
So how do you develop an abundance mindset?
Know that saying that goes ‘show me your friend and I’d tell you who you are’ It 100% applies here.
The people you surround yourself with determine greatly who you become and what kind of mentality you have. Study those around you. Are they constantly complaining, talking about how little they have and condemning those who have more? Watch out. Because it’s only a matter of time before they pull you into their circle no matter how optimistic you are.
Focus on your strengths
You know that one thing that you’re great at. The one that comes naturally to you but most people struggle with? Focus on it and develop it. You can only give what you have. And if you’re extremely good at what you do, you’re definitely going to have more.
Always look for possibilities
Half full, not half empty. To develop an abundance mindset, your thought process should look out for what’s possible and what can be done rather than roadblocks and set backs.
Have I lost you? Stay with me here.
“A great many years ago, I purchased a fine dictionary. The first thing I did with it was to turn to the word ‘impossible,’ and neatly clip it out of the book. That would not be an unwise thing for you to do.”- Napoleon Hill
If you’re grateful for the things you have, best believe you’re going to have a more positive outlook on life and you’re going to experience abundance. Practice mindfulness and gratefulness.
Be intentional about appreciating others and entities you believe in for the things that you currently have.
Trust me, you’re going to see results.
Have you realized that you have a scarcity mindset? What are you going to do to change that today? And if you’ve had a scarcity mindset before, what did you do to shift your mindset? Share with us in the comments below so we can all learn.