We have all heard the term “The Rich get richer and the Poor get poorer”
Replace Rich with “Abundance mindset” and Poor with “Scarcity mindset” and we get –
“People with an abundance mindset experience more abundance while people with scarcity mindset experience more scarcity.”
What is scarcity mindset? It is a belief that I will never have enough. This mindset stems from a state of lacking.
How can I identify if I am being held back by a scarcity mindset?
If I am having an internal dialogue that goes something like this.
- “I wish I could afford that.”
- “This is good enough. I don’t really need the big house or the new car or the exclusive vacation I had dreamed of ”
- “I am not good enough”
- “I wish I were as good as that person”
- “I don’t think I can take the risk”
Just like a poor person cannot get rich without thinking and operating like a rich person, a person with a scarcity mindset cannot become confident and abundant without taking actions of abundance..
Change starts with knowing whether one is operating with a scarcity mindset. I did not know I was suffering from a scarcity mindset, until one of my mentors pointed it out to me.
It was one of my truly liberating moments. When I knew what was wrong, it was easy for me to make an immediate change.
I decided to ignore my internal voice of scarcity and fear and I started taking actions of abundance.
- I started sharing knowledge I had with others. I started coaching/mentoring younger colleagues
- I started sharing my time. – Volunteering- Working in a big MNC helped. I was able to attach myself to CSR programs and commit time liberally.
- I started sharing my wealth(recently)- Tithing where I donate part of my income to good causes.
Actions speak louder than words. When I give generously , I attract more abundance.