You may have realized that your mindset can both drastically affect the outcome of something and can change your life. It’s been proven that your mindset, or the way you think about yourself and the world around you, can change the way you approach learning as well as how you handle stress or unforeseen circumstances. It can affect how you chase down success or how resilient you are. It can even affect how your immune system performs.
In 1988 Stephen Covey, in his book The Seven Habits of Highly Effective People, coined the term abundance mindset. This mindset is defined by the “concept in which a person believes there are enough resources and successes to share with others.”
Unfortunately, not everyone adopts or has this mentality. Some people have what is termed a scarcity mentality.
Scarcity is the opposite of abundance. Knowing which one you most often react from can make the difference in how you look at life and what you have in life.
The scarcity mentality is when someone believes that, if someone else wins, you automatically lose. Having an abundance mindset means you see the world as having an infinite number of possibilities: a world filled with opportunities.
When you live from a place of abundance, you feel gratitude for what you already have, are aware and constantly pursuing new opportunities in every area of your life, and give to others freely.
Those who live with a scarcity mentality can change if they are willing. Throughout this guide there are tips on how to develop an abundance mindset. It can be easier than you think or as hard as you want to make it.
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,...
If you have a Scarcity mindset,
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.
Abundance is more than wealth, although that is a part of it. It is many things and can mean different things to each person. It is the internal belief that, regardless of your circumstances, situation, or skills, you are always provided for in every area of your life.
Real abundance is the physical manifestation of your true nature and how you are manifesting in the world. It shows ups as:
Abundance includes financial wealth, but it also includes having a rich, healthy, and fulfilling life, while living each day with purpose and passion.
Here are some more ways that abundance appears in your life:
Abundance is being able to recognize the riches of everything in your life, loving yourself, taking care of your health, and doing what you are passionate about. Abundance is feeling loved and loving others; feeling peaceful and being free.
You already know that by changing the way you say something affects how you react or receive. Here are 20 abundant mindset affirmations for you to try.
Adopt these affirmations as a part of your daily routine. Change them to fit your situation. Say them aloud as soon as you wake up and again before going to bed.
If you find you have a scarcity mindset in some area of your life, you can flip the script to one of abundance. For example, with daily practice, you can shift from being envious of others to being inspired by their success.
Bad things do happen in life. While you can’t control what happens in every situation, you can control how you react. You can shift your thinking and identify the positives that result from the event. When you are facing challenging times, it’s important that you actively choose to focus on the positive aspects. When you learn to control and shift your mindset to abundance, as needed, you begin to recognize and experience more abundance and possibility.
Looking for a great way to start improving your Abundance Mindset? Start with your Morning Routine! Read all about the Miracle Morning Routine in my review here.