abundance mindset

How to create an abundance mindset: 6 useful tips

A person with an abundance mindset chooses to focus on the positive aspects of life. These aspects could be related to time, money, resources, opportunities, or relationships.

When you think about the future, do you envision limitless opportunities or multiple barriers? In simple words, do you see the glass half-empty or half-full? Depending on your answer, you either have an abundance or a scarcity mindset.

The term ‘abundance mindset’ was coined by the bestselling author Stephen Covey in his book The Seven Habits of Highly Effective People. According to him, “There is plenty out there and enough to spare for everybody.” He differentiates it from the concept of a scarcity mindset, which is based on the idea that there simply aren’t enough resources for everyone.

To understand more deeply, ask yourself this. Have you ever been stuck with something, for example, a dysfunctional relationship or a dissatisfying job, because you feared uncertainty and change? Do you worry about failure before you embark on something new? Keeping in mind that many of us live in a state of constant stress, a scarcity mindset can easily take over our worldview in general, and get in the way of positive change, mostly due to feelings of fear, anxiety, and negativity.

On the other hand, a person with an abundance mindset chooses to focus on the positive aspects of life. These aspects could be related to time, money, resources, opportunities, or relationships. Such people choose to focus on what they have and consistently work towards a brighter future.  An abundance mindset can be manifested in every thought that passes your mind. When you focus on the things you are grateful for, you feel excited, motivated, and ready to grab the opportunities that come your way.

So, if you are wondering how to develop an abundance mindset, these five tips can help you harness the power of your mind.

Focus on what you have

If you have been laid off from your job, rather than wallowing in self-pity, use the time to decide what you really want to do with your life. Or, if you have been thinking about changing the direction of your career but haven’t been able to do so, it could be due to the fear of uncertainty or lack of courage and self-confidence. Such limiting beliefs are based on the idea of a scarcity mindset, which forces you to focus on your limitations instead of your strengths. The first step to changing such a mindset is to train yourself to focus on what you have. Start with positive affirmations such as “I have 10 years of writing experience, which will be a huge asset if I want to start a personal blog” or “I am in charge of how I feel, and today I choose to be happy.” When you focus on your strengths and believe in yourself, you feel more empowered, thus opening yourself to a sea of opportunities.

Be around people with an abundance mentality

It is important to be around people with an abundance mentality if you want to grow and become successful. Such people are always positive and see the glass as half-full instead of half-empty. According to life coach Tony Robbins, “The quality of a person’s life is most often a direct reflection of the expectations of their peer group.” Start building a network of people who are committed to constantly growing, and who push you forward towards achieving your goals. At the same time, learn about their beliefs and experiences. Then, reflect on your own beliefs about your ability as well as the abilities of others to grow.

Do what you love

Are you spending too much time doing things that drain your energy and don’t bring you joy? If the answer is yes, you can start eliminating these activities from your routine. You can do this exercise every few months. Then try adding three activities you are passionate about, and which can deliver the biggest value to your routine. You can choose from

Never stop learning

Instead of having a know-it-all attitude, you must continuously look for ways to challenge and improve yourself as there are always new skills to learn and personal improvements to make. An abundance mentality craves learning and growth. Aim to be a lifelong learner, and always grab opportunities to add to your knowledge and skill set. It could be learning a new language or starting a project based on something you are passionate about. Billionaire Warren Buffett once said in an interview to The Week, “I just sit in my office and read all day.” According to the publication, Buffett estimates that he spends 80 percent of his working day reading and thinking. And that’s how a growth mindset develops, which is directly related to an abundance mindset.

Practice gratitude

People with an abundance mindset often practice proactive gratitude. You need to appreciate what you have, and not be envious of others. Television personality and philanthropist Oprah Winfrey once said, “If you look at what you have in life, you’ll always have more. If you look at what you don’t have in life, you’ll never have enough.” The key is to focus on being happy and accepting your true self. Keep a gratitude journal and write down three things you are genuinely thankful for every day. Robert Emmons, the world’s leading scientific expert on gratitude, writes in the Greater Good Magazine, “Gratitude blocks toxic, negative emotions, such as envy, resentment, regret—emotions that can destroy our happiness.”


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