Shift Your Money Mindset From Scarcity to Abundant
Does making money feel hard? Do you feel like you're stuck with a negative attitude towards money? Does it ever feel like there’s never enough to cover all the bills and expenses each month?
It may be that you’re stuck in a scarcity mindset. The glass may feel half empty right now. You're seeing lack, rather than abundance or growth. This can feel hard and so permanent. Like you’ll never be able to shift this way of thinking.
I’ve got some exciting news for you!
You can change your money mindset. In fact, you can start working on it straight away to set you on a path to abundance. I’m going to help you develop an abundance mindset.
What I'm Covering Today
- What is an abundant money mindset?
- What is scarcity?
- Scarcity versus Abundance Mindset
- How to switch from scarcity mindset to abundance mindset
- How to become aware of your money mindset
- How to practice gratitude
- How to use affirmations
- How to focus on growth
- How to be a giver
- How to stop comparing yourself to others
- How to have an abundant mindset even when you're broke
- What happens when you have an abundant money mindset
Over the last decade, I’ve worked with thousands of entrepreneurs, like you and I’ve found that there isn’t a single one of us who doesn’t need to keep working on this at every level. I still work on my money mindset every day. Discover how to upgrade your Money Mindset for success and freedom here - I reveal all the secrets!
The ride may not be easy (and there's always more work to do, even if you're a millionaire!) but it is possible to create an abundant mindset.
There is no limit to what you can dream, and there’s no cap on your earning potential if you’re willing to do the work necessary in your business.
What is an abundant money mindset?
An abundant mindset is one in which you believe that there is enough for everyone. You see the world as a place of limitless possibilities.
You know that you (and everyone around you) can have whatever you want. When you have an abundant mindset, money is not a source of fear or drama.
There’s enough for everyone, and we live in a world of abundance. Money is abundant.
There’s always more money and there’s so many easy ways to make money.
Have you noticed that there's always at least more hairband if you really look for it? There's always one more coin in the bottom of your purse?
You understand that money is simply a tool that can help you achieve your goals and dreams.
If you want to learn how to create a money making mindset, keep reading!
What is scarcity mindset?
This is a way of thinking that is characterized by the belief that there is not enough of anything to go around. People with a scarcity mindset often feel anxious and stressed, because they are always worried about losing what they have.
For me, my scarcity mindset shows up as a money block around having to work harder to make more money.
When I first started out I was doing one-to-one coaching, and I wasn’t charging very much for it. I was burned out, running session, after session, after session.
I wouldn’t even take a pee break in between clients. I wasn’t eating properly, or exercising. I was trying to squeeze as much out of my limited reserves as possible. I felt like the more work I put in, the more money I’d get out.
Now I know it doesn’t work like that.
Once I’d done some clearing work on this and launched my group programs, my mindset started to shift but I still have to do this work daily.
It’s the same old shizzle every time this money block comes up. Money can’t be easy, it has to be HAAAARD!
I’m not saying income inequality isn’t real, and that there’s no poverty in the world. But chances are, you have every opportunity to change your circumstances.
Scarcity versus Abundance Mindset
Take a moment to consider your money beliefs.
Are you someone who thinks that there is never enough money to go around, or are you someone who believes that there is more than enough for everyone?
Do you see possibilities and feel excitement and growth or is your mindset fixed and fear-based?
Your mindset has a huge impact on your ability to create wealth. In this blog post, I’ll show you the difference between a scarcity vs. abundance mindset, and how it can affect your finances.
And I’ll provide tips on how to change your mindset if you feel like you are stuck in a scarcity mentality.
So, how can you change your money mindset from scarcity to abundance?
Here are six simple shifts that you can make today on your path towards abundant wealth! These are my abundance practices, if you like.
Become aware of your money mindset:
The first step is always awareness. You need to become conscious of the thoughts you have about money. Then can you start to change them.
A great way to do this is by keeping a journal. For a week, write down all your money-related thoughts. You may be surprised by how often you think about money and how negative your thoughts are.
Scarcity vs abundance is such an important topic, especially when it comes to money. I know for me personally, I grew up with a scarcity mindset.
As a kid we were always in feast or famine. My mom worked three jobs to provide for me. I grew up thinking you had to work harder to make more money.
I equated putting in the hours with success (or at least, more money).
It’s taken me a long time to shift my belief that ‘making money has to be hard’.
Want to know what’s holding you back? Check out the three most common money blocks and find out whether you have any (Clue: we all do!) here.
One of the best ways to shift your mindset is to start practicing gratitude. When you focus on what you already have, it becomes easier to see what else is out there for you.
Each day, make a list of five things you're grateful for related to money. It could be something as small as "I'm grateful for my coffee this morning" or "I had enough money to cover my rent this month".
I love affirmations. They’re such an effective tool. Basically, these are positive statements that you repeat on a regular basis.
I am allowed to make money with ease
I am allowed to be abundant
There’s always more money
Focus on growth:
When you have a scarcity mindset, it's easy to get stuck in a rut. You feel like you can't make any progress because there's never enough money.
But when you focus on growth, it becomes easier to see opportunities for abundance. Instead of bemoaning your current situation, look for ways to improve it.
Tracking every single penny that comes into your life is a great way to focus on the growth all around you. Find my guide to tracking your income here.
Be a giver:
One of the quickest ways to shift your mindset is to get generous.
Money loves to flow.
When you give to others, it sends a powerful message to the universe that you're open to receiving.
Stop comparing yourself to others:
A scarcity mindset often leads to comparison and envy. You look at what other people have and think "Why don't I have that?" But when you focus on your own journey, it's easier to see all the progress you're making.
Even if you're broke, you can have an abundant mindset:
If you don't have a lot of money, it may seem impossible to have an abundant mindset. But it's not! The key is to focus on what you do have instead of what you don't. When you do that, abundance will start to flow into your life.
Let’s talk in more detail about how you can feel abundant when in reality you’re actually quite broke
Make a List
Okay. So sometimes you can feel broke when in reality the situation is not that bad. So the first thing I want you to do is to make a list of everything in your life that actually makes you quite rich already.
It could be that you live in a great house, that you have a great relationship, that you’ve got amazing health. Write a list of all of those things where you actually have a lot of abundance and luck already in your life.
That list will immediately make you feel better and it will give you a bit of perspective.
Track Every Cent
Tracking your money every day keeps you mindful of what’s actually going on in your life, helps you appreciate the abundance around you, and often gets your butt into gear to make more money. Find out how I record every cent and how it changed my relationship with money in my complete guide to tracking.
Switch Up Your Thoughts
When you are feeling super, super broke sometimes you can start to manifest more bills.
Have you noticed that when you really, really are desperate for business and clients, that’s when things really, really dry up?
And when you’re feeling really good about your business and super abundant, that’s when suddenly even more clients start to come in.
Here are some ways to switch up your thoughts and feelings right now in ways that don’t cost you anything.
- Burn your super-luxe candles.
- Use the towels that are just for guests.
- Wear makeup and perfume and nice clothes that you already have that maybe you’ve been saving for a special occasion.
- Do anything that you can to start feeling abundant and rich
- Read one of my books to embrace more abundance
Sometimes a small, symbolic action is all you need to turn things around just by feeling more abundant.
And then lastly, once you’ve turned those thoughts around, now you’re in the position to start taking some action.
Make a list of some of the income producing activities that you can implement today and start putting them into place.
It could be that you have to chase up some clients who owe you money.
It could be that there are clients who are just sitting in your inbox wanting a proposal or asking what happens next. Maybe you’ve been procrastinating sending them the thing to ask for the money.
Or it could be that you have to think up something completely new and creative to bring that money in.
Lastly, you know, if all else fails, sell something, do anything you can to make that money come in.
You have to do the mental work first. Start with your mindset and it will be much easier to take those actions to bring that money in.
And remember, it doesn’t have to be hard. The world is an abundant place and there’s always more money.
What happens when you have an abundant money mindset?
When you change your mindset from scarcity to abundance, everything changes. You become more positive and optimistic about money.
Your relationships improve because you're no longer stressing about money all the time. And most importantly, opportunities open up for you to create the life you want.
I have a funny story.
When we bought our dream home many years ago I panicked.
During the car ride to our new property, I said to Mark, “Babe, we’re going to have to be so careful about money this year.” We had a new house to build, another baby and two mortgages and I felt like we were going to have to really tighten our belts.
He looked at me surprised. I’m usually really optimistic. But I was spooked about this big dream coming true.
I stopped holding my breath and said, “You’re right. There’s always more money.”
At that very moment, a shower of $50 notes hit the windshield: A literal cascade of money, raining down on our car like confetti.
At least one thousand dollars worth of fifty dollar bills!
Honestly, actual money hit our car!
The wipers came on automatically, and the money scattered across the road, blowing into the trees lining the highway. We were both like “Did you see that?”
We got a bit hysterical. I still couldn’t quite believe what happened, especially at the very moment I had affirmed out loud, “There’s always more money.” But I knew that it was a big message from the Universe.
Just at that moment of doubt and scarcity, the Universe decided to remind me that there’s always more money. There’s always enough.
There’s always enough money, and acquiring more of it won’t deprive others of wealth. Write this down somewhere where you can see it every single day.
The world is an abundant place - and there's always more money.
P.S. Want my support to move from scarcity to abundance?
One of the best things you can do to keep your mindset abundant is to surround yourself with other high-vibe successful people.
My Money Bootcamp community is an incredible collection of inspiring entrepreneurs from all over the world sharing our money goals and dreams to create abundance together.
Join Money Bootcamp today for practical money mindset strategies, membership in our abundant mastermind community and monthly group coaching with me.
Embracing an abundant mindset and committing to work on your relationship with money is the number one thing that will impact your income and business growth in the next 12 months.
It’s your time and you’re ready for the next step.
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