The Abundance Concept
The theory of abundance was first introduced by Stephen Covey. “The Abundance Mentality,” Covey writes, “flows out of a deep inner sense of personal worth and security. It is the paradigm that there is plenty out there and enough to spare for everybody. It results in sharing of prestige, recognition, profits, and decision making.”
This mindset is at the core of any area of your life. It focuses your attention on what you already have and all the possibilities that are available to everyone in the world. The problem, according to Covey, is that most people are trapped with the scarcity mentality.
What exactly, is the scarcity mentality? Covey explained it as viewing the world “as though there were only one pie out there. And if someone were to get a big piece of the pie, it would mean less for everybody else.”
When you have a scarcity mindset, it makes it difficult to share happiness, power, or recognition with others. You feel that, when they gain something, it is your loss and you worry that there isn’t enough to go around.
Let’s look at the difference between scarcity and abundance mindsets.
If you have an Abundance mindset,...
- You liive an unlimited, full, and satisfying life
- You are happy most of the time
- You are able to give and receive affections, praise, and items with ease
- You feel grateful for what you have
- You feel creative and inspired
- You create meaningful life experiences
- You are secure and confident in life endeavors
- You Create successful outcomes
- You take advantage of opportunities and enjoy new ones that come your way
- You have a point of view of being in control of your life
- Your physical energy is relaxed, alert, confident
- You feel and know you always have choices
- You have a long-term plan for finances and life
- You always have enough for today and the future
- You dream big and think big
- You are a lifelong learner who is always ready to learn something new
- You are sincere and congratulate others on their successes
- You enjoy challenges and embrace change
- You have a “cup is half full” (or fuller!) attitude
- You take risks that allow you to obtain your version of abundance
If you have a Scarcity mindset,
- Your viewpoint is as a victim, bully, or one of uncaring or indifference.
- You are often tense, have clenched jaws, or short of breath.
- You are often confused, disorganized, overwhelmed, angry, or feel powerless.
- You focus on what’s not working.
- You believe you don’t have enough, and you’ll never have enough.
- You are sad and live an unfulfilled life.
- You incur debt to get an unneeded want.
- You have a fixed mindset where you don’t take risks or think out of the box.
- You fear the unknown keeps you from trying new things.
- You have low self-esteem, no confidence and rarely take a chance.
- You have a “nothing good will come from it” attitude.
- You focus on present, immediate needs.
- You live from paycheck to paycheck with little savings.
- You tend to be self-absorbed (a taker) and jealous of others and what they have.
The concept of abundance, or the theory behind abundance mindset, is one of believing there is always enough for you and everyone else. You believe that by taking risks and growing in all ways, you will win and succeed in life.