How to Cultivate an Abundance Mindset

It’s all in how you think

In the book, The 7 Habits of Highly Effective People, author Stephen Covey explains that “most people are deeply scripted in the scarcity mentality. This means they see the world as containing only so much, 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.” This leads to a zero-sum paradigm of life. People with a scarcity mindset have a very difficult time sharing recognition and credit. Not surprisingly they also have a hard time being genuinely happy for the success of other people.

“The abundance mentality, on the other hand, flows out of a deep inner sense of personal worth or security. It’s the paradigm that there is plenty out there and enough to spare for everybody. So it results in the sharing of prestige, recognition, profits and decision-making. It also opens possibilities, options, alternatives and creativity.”

Here’s a table outlining some of the thoughts people may have depending on if they’re in a scarcity or abundance mindset. (Click to enlarge)

People with an abundance mentality tend to be more financially secure, successful in their careers, and feel more empowered. So if you ever catch yourself thinking with a scarcity mindset, try to reframe your perspective and approach it with an abundance mindset instead. The difference between who you are now and who you want to be is what you do. And don’t forget to be thankful and confident. πŸ™‚

choose happiness, success, and abundance in your life

Your attitudes toward scarcity and abundance will greatly influence your future outcome. Practice thinking from an abundance point of view as often as possible. If you see every problem as a possibility for growth then there’s no telling what you will achieve. Maybe you can become a millionaire in 10 years. πŸ˜€


Random Useless Fact:

Most employees prefer a higher wage over company sponsored events.


Notify of

Inline Feedbacks
View all comments
Rick Rodriguez
08/10/2020 5:06 am

Hi, very interesting and inspiring reading. Life is all about striking the right balance. This especially holds true while on the path to FIRE.

12/07/2020 4:08 pm

Great chart.