How do you develop an abundant mindset when all you hear is economic recession, inflation, and war?
Do you think things are going to get worse and not better?
Do you think buying a house, getting out of debt, or paying for your children’s college tuition is virtually impossible?
If any of these questions have bothered you in the last few days like they have bothered me… you are dealing with thoughts of scarcity instead of thoughts of abundance.
I have thought about what it takes to have an abundance mindset. In addition, I have read many articles on abundance and had intense debates with friends, colleagues, and my family.
I think having an abundant mindset is vital to building wealth. To understand what having an abundance mentality means, we must define what it means to have an abundance mindset.
Here are some powerful thoughts about abundance:
- “The idea in which a person believes that there are more than enough resources and successes to share with others” – Steven Covey, bestselling author of the 7 Habits of Highly effective people
- “The key to abundance is meeting limited circumstances with unlimited thoughts.” – Marianne Williamson.
- “Expect your every need to be met. Expect the answer to every problem, expect abundance on every level”. – Eileen Caddy
- “The world of the generous gets larger and larger; the world of the stingy gets smaller and smaller.” Proverbs 11:24 ( The Message Bible)
The moral of these quotes is to have an abundant mindset. You must believe there is no scarcity.
I admit that developing a mindset of abundance instead of scarcity is challenging but certainly not impossible to accomplish.
Why? Because it is only when you hold a firm, unshakable belief that there are more than enough resources for everyone that you can get rich.
Unfortunately, the mainstream media, including newspapers, television, and social media, tell you the opposite view: that the world is falling apart, there will soon be a shortage of food and gas and social security will be bankrupt by the time you retire.
Instead of binging on the unending flood of news about scarcity, why don’t you choose to have an abundance mindset.
Here’s how.
Develop Your Most Valuable Asset: Your Mind
How do you develop your mind? By educating yourself and developing financially valued skills that translate into prosperity for your family.
Abundance Is About Giving
There is a raging debate about wealth inequality in the United States and worldwide.
This has created a division in the political parties and has affected the well-being of families and low-income households. Some believe that the way to eliminate poverty is to tax the rich and give more benefits to low-income families.
During the pandemic, this idea of giving more money to the less privileged was tried with disastrous results.
The report on wealth inequality during the pandemic showed that the global millionaires club had the most significant expansion of their wealth in the first year of the pandemic.
Why the wealth disparity between millionaires and the rest of us? The answer is that individuals who have financial abundance come from giving or sowing. These individuals invest their money into assets that generate more income.
I want you to think about this for a second… Why are Elon Musk, Bill Gates, Jeff Bezos, and Warren Buffett wealthy? They invested their ideas and resources in companies that provide valuable products and services (Tesla, Microsoft, Coca-Cola, State Farms, Bank of America). The active word for investing is giving.
You too can, on a personal level, start a small business in your spare time, invest in affordable housing, start a coaching or consulting company and reap financial abundance when they become profitable.
The Universe Was Designed For You To Live Abundantly
One of my affirmations is that I am blessed and highly favored.
Why? Anytime I think about my life, I am grateful for being alive. There is a saying which goes, “When there is life, there is hope.”
As a scientist, I know I survived and won the race against over 250 million sperm cells to fertilize my mum’s egg. After all, I survived nine months of pregnancy, and I am alive.
Remember that the essential elements for living – air, water, and sound health are free. They give you abundant life to do the things you need to prosper. Just like you have resources to live abundantly, your mind is the most abundant untapped resource you have to build wealth and live your dream.
Money Is The Product Of Tapping Into The Energy Of Abundance
Remember, you do not make money; you earn cash. The easiest way to earn money is to sell a product or service you have in exchange for cash.
Robert Collier said, “All riches have their origin in mind. Wealth is in ideas – not money.”
To become wealthy and live a life of abundance, you must tune your mind to see more unlimited opportunities.
For example, when facing a financial challenge, don’t say, “I can’t afford it”; instead ask yourself – “How can I afford it?”
Remember that money is the only way to measure the value you offer in the marketplace.
The more valuable the product or service you have to provide to your customer, the higher income you can earn.
To have financial abundance, you develop the habit of thinking up great ideas for a valuable product that will allow you to prosper and become wealthy.
Finally, I believe developing an abundance mindset is the key to building wealth and guaranteeing that you stay wealthy.
The journey to living a life of financial prosperity begins with developing your most important asset – your mind. In addition to giving more of your talents and resources to humanity and living your life with the knowledge that you live in an abundant world.
Here are a few related articles you might find useful:
Why You Need a Mindset Change as a Beginner Investor