Scarcity Mindset vs Abundance Mindset – and how they impact your income level / cashflow

Scarcity Mindset vs Abundance Mindset – and how they impact your income level / cashflow

Let’s talk about scarcity mindset versus abundance mindset and how they impact both your income level and your cash flow. 

Today we’re going to talk about:

  • What the BIG difference between the two is 
  • How they impact your income level & why
  • How to know which side of the equation you’re on

Before we talk about how they impact your income level, let’s talk about what they actually are and what the difference is. 

 

WATCH THE VIDEO :

OR LISTEN TO THE AUDIO:

 

OR READ THE TRANSCRIPT:

What is that unconscious program that’s running beneath the surface, that colours your world and determines the lens through which you see the world? 

There’s a really interesting thing about the mind. People think that the brain is like a video camera that captures the absolute truth and it can be relied upon. 

But what actually happens is that your mind deletes, distorts and generalises everything you observe to fit your model of reality. 

For example, two people might be in exactly the same situation or witnessing exactly the same event, but they’ll have two very different stories, depending on their programming. 

Each of their minds will delete, distort and generalise what they witness to fit their model of reality. That’s why you might get eyewitness accounts of an accident, and one person saw everybody who was taking advantage of the situation and snatched a lady’s purse, and somebody else would see all the helpful bystanders who came rushing to the aid of the people who needed it, and who were really loving and supportive. 

Two different people with different mindsets will see things completely differently. 

Maybe you’ve experienced that even in your own family or with your partner where you tell the story of something that you both experienced together, yet they’ve got a really different version of events than you do. 

It’s because you each have your own model of reality, your own mindset, your own belief system, in how the world operates and how it relates to you. And so that determines the filter through which you view the world and how you perceive every single thing that happens. 

So you can see that when it comes to scarcity mindset versus abundance mindset and how they impact your income level, this is massive. Because when you’re coming from a place of fear and lack, you’re going to show up and you’re going to feel like there’s not enough to go around. 

You’re going to be living in a state of fear. You’re going to think that there’s not enough, that maybe you’re not capable enough, that you haven’t learned all the right things or that you don’t have enough experience yet. 

Or maybe you’re going to think that the right people aren’t even there for you, that nobody wants what you’re offering or that nobody wants to support you in the process. 

Then the actions you take will follow that course as well. 

You’ll hold back, you’ll procrastinate, you won’t put yourself out there, you’ll be afraid and you won’t take action that actually helps you move your business and your income forward. 

Whereas if you have an abundance mindset, you’re going to feel really confident, positive and excited about the opportunities that are out there. You’re going to think, believe and know that there are plenty of opportunities and that there are gazillions of possibilities of how that thing that you want to create can come about, and you’re going to think that you’re capable of doing it. 

You’re going to think that if there’s something you don’t know yet that you need to know, then you’ll figure it out. 

And so you’re going to take action. You’re going to do things, you’re going to investigate, talk to people, ask questions and show up confidently. 

If you have a little knock back, it doesn’t matter. It’s not going to stop you, you’re going to keep on showing up. 

And of course, your mindset also determines the way you speak and act. 

So when you’re in a scarcity mindset, the way you talk about your business and what it is you’re looking to do will go something like this, “Yeah, but you know, it didn’t work last time. And I don’t know, it’s not really that good yet, and maybe nobody will show up.” 

Compare that to when you’re in an abundance mindset, and you’re saying things like, “I’m so excited about this! I know it’s not perfect yet, but I’m so willing to work on it. And I’m so excited to see what feedback I’m going to get from people that will help me make this even better.” 

And you will take totally different actions.

So the ultimate outcome of scarcity mindset versus abundance mindset:

It’s not just that it impacts your results, how you experience your every single day, how you experience the evolution of your business and what actually happens as a result. 

The ultimate outcome is that somebody in a scarcity mindset will keep themselves perpetually in a place of just enough or not quite enough, because the fundamental belief is that there isn’t enough and that they’re lucky just to scrape by. 

That will be their experience because their mindset will determine the way they feel, the way they think, and the way they act as well as the way they speak and the things they actually do. 

Somebody with an abundance mindset is going to experience a continuous growth in their business and in their abundance journey because they’re always going to be looking for more. They believe in infinite possibilities, they believe in no lack, they believe in abundance. 

So they’re going to experience abundance because they’re going to feel abundant and feel full of potential and possibilities. 

They’re going to think that everything is available and possible, so they will take those actions and speak accordingly. And that gives them feedback from the world and the people around them that matches it. 

So how do you know which one’s yours? 

Look at your results

Your results are always the outcome of the mindset that has brought you to this place. 

If you find that your results are that you’re consistently in a state of just enough or not quite enough, then your predominant programming is a scarcity mindset and you’ll just have to own it. 

If you don’t own it, then you can’t do anything about it. 

Whereas if you find that your results are that you’re continually growing and evolving, you feel good, you think positively and you’re taking positive action, then you have an abundance mindset. 

All you really need to do is keep it up, because the more you keep it up, the more you grow, and the more possibilities will open up for you. 

But if you find yourself in a scarcity mindset, then it’s time to make a change. 

The very first thing is to actually be aware. 

In everything that I teach and the very first lesson in my Magnetic Money program, is to start noticing. Start becoming more self-aware. 

What you need to do is just simply pay attention to: 

✔️How am I feeling about my income level? 

✔️How am I feeling about my potential to earn more money? 

✔️Am I coming from a place of fear or lack? 

✔️Or am I coming from a place of trust and plenty? 

✔️How am I thinking about life, about my business, about my potential? 

✔️Am I thinking thoughts of fear and lack? 

✔️Or am I thinking thoughts of trust and plenty? 

✔️What are my actions saying that I really believe, feel and think? 

Your actions are the outcome of all of that internal stuff. 

So if you’re not taking action, or if you’re only taking really cautious action, you’re coming from a place of fear and lack. 

Whereas if you’re taking action that sometimes is a leap of faith (without being silly about it), and it shows that you trust and believe in infinite possibilities and in your ability to make things happen and to make success of it, then you’re in an abundance mindset. 

So pay attention. 

✔️How are you feeling? 

✔️What are you thinking? 

✔️And what are you actually doing? 

That will let you know whether or not your predominant program is a scarcity mindset or an abundance mindset, and then you can do something about it. 

The easiest way to do something about it is just to make incremental little upgrades. 

Do something that makes you feel a little more abundant. 

Start switching your thoughts up, catching yourself in the process and reframing them to be something a little bit more positive, and start taking slightly more positive actions. 

This is a cycle that builds and builds on itself, and it builds beautiful momentum. 

It’s up to you to keep nudging it up a notch. Nudge each one of those up a notch. 

There are three cornerstones of the Magnetic Money trifecta. 

It’s a flywheel effect – the way you think, feel and do – and if you can continue, just nudge each one of those up a notch. Then you’re going to start gathering more positive momentum and move yourself from a scarcity mindset to an abundance mindset, which will have a massive impact on your income level. 

So there you have it. Scarcity mindset versus abundance mindset and how to know the difference.

👇🏻  Let me know in the comments below – which one has been your predominant mindset lately? 

Look at your results, and look at the way you think, feel and act most of the time. 

Then if you find that you need to do something about it, start nudging it up a notch!

READY TO GO DEEPER? TAKE THE MONEY QUIZ!

Discover your Money Habit Archetype and use it to clear your biggest money block.

088_want more money image
087_how to manifest money image

Why you’re not attracting money – even though you want more money
Click here: https://miriamcastilla.com/080-attract-a-6-figure-income/

How to manifest money fast by developing an abundance mindset
Click here: https://miriamcastilla.com/087-manifest-money-abundance-mindset/

How to stop feeling guilty about the money you spend

How to stop feeling guilty about the money you spend

Do you feel guilty spending money on yourself? 

Let’s talk about that and let’s talk about why it stops more money from coming into your experience.

Maybe you’re in this habit of saying, “Ah, not yet. I won’t spend that money on myself just yet. First I need to hit a six-figure income,” or “When I have my first big month,” or “When my launch does this,” or “When I have this many clients,” or “When I put my price up to X number.”

The thing is that what you will notice if you’re really honest with yourself is that you keep moving the goalposts. You keep finding excuses and you keep skimping and putting yourself last, feeling too guilty to ever really spend that money on yourself.

So my question is: When will you feel ready?

WATCH THE VIDEO :

OR LISTEN TO THE AUDIO:

READY TO GO DEEPER?

Take the Money Habit Archetype Quiz so you can clear your biggest money block.

How to hypnotise yourself into abundance

How to hypnotise yourself into abundance

I’m wondering: have you hypnotised yourself to be poor?

So I’m a hypnotherapist and one of the first things I learned in my training is that we actually all hypnotise each other every single day.

Coca-Cola, KFC, McDonald’s know exactly how to hypnotise people into buying their “stuff.” Right?

They know the hypnotic effects of words, images, repetition and people just zoning out in front of the TV – which, by the way, is when your unconscious is completely open.

You’re actually in a trance when you’re watching TV, and that is why TV ads are so powerful.

But we all hypnotise ourselves – and each other – every single day.

 

WATCH THE VIDEO :

OR LISTEN TO THE AUDIO:

OR READ THE TRANSCRIPT:

Your parents hypnotised you when you were just a little kid which, again, is when the unconscious is completely open. The personality hasn’t fully formed yet. And until about age seven, you’re just open; there’s no filter and everything goes in.

Which is why my 1:1 work with clients usually goes back to things at age 7 or earlier. If they take me to an event that they say is the first time that a limiting belief occured after age 7, I always dig deeper.

Because most often, it happened before age 7 when they were totally susceptible to taking on messages without a rational filter that says, “That’s not really what that means and I’m going to choose to see it from a different perspective.”

They just take things at face value. YOU just took things at face value.

So, we all hypnotise each other.

Our parents are really good at it when we’re young.

And now you also hypnotise yourself every single day.

You do it with your words. Words are extremely powerful. They’re extremely hypnotic and when you repeat the same word over and over again that means you start to believe it.

And as you start to believe it, you repeat it more and more which means you believe it at an even deeper level. And because you know that what you believe at a deeper level is the truth, it means that the words that you are now speaking are you complete and utter truth.

What I just said doesn’t make much sense but it felt like it did, didn’t it?

Because I used hypnotic words. That is how powerful they are.

So, be aware of that.

Be aware of your words and that they are hypnotising you every single day.

Be aware that when you speak to other people, you are actually hypnotising yourself. Words are powerful. 95-98% of everything we do every single day is completely unconscious. So when you hypnotise yourself, what you’re actually doing is you’re programming your unconscious – which runs your life.

It’s like you’re programming the computer that runs the show.

And you want to be careful with how you’re programming it, right?

One thing you can practice is a simple pattern interrupt.

Basically just be aware and when you find yourself saying things that are negative around money like “Oh god, not another parking fine.” and “Oh my god, electricity just keeps getting more expensive.” etc, train yourself to throw in a little pattern interrupt.

Train yourself to say something that interrupts that old pattern firing in your nervous system because that alone will weaken that old pattern… and weaken that old belief system.

It will help you wire in a new belief system… a new pattern that serves you a whole lot better.

What sort of pattern interrupt?

Well, you can train yourself to go “BLAH” everytime you say something that shouldn’t come out of your mouth. But people might think that you’re a little bit weird….

So, how about something as simple as, “Lucky I’ve always got more money coming.” or “Lucky I’m rich!” or “Yeah, that’s right – I can afford this because I always make twice as much as I spend.” Or just anything. Anything at all that’s a pattern interrupt that’s out of the ordinary to what you would normally say.

And that alone is powerful.

This is important stuff, people.

Now, if you’re not quite sure where to begin on this journey to creating life on purpose, to getting in the driver seat and really upgrading your life no matter how good it already is you know it can be better, then take my quiz.

The link is in the description above. Jump on there and we’ll find out what your next step from here is.

I’ll see you next time.

READY TO GO DEEPER?

Take the Money Habit Archetype Quiz so you can clear your biggest money block.

Stop fighting about money

Stop fighting about money

Let’s talk about what’s going on when you’re constantly fighting about money with your partner. 

It’s not fun, right?  So we want to deal with it, solve it and resolve it and get you back to a peaceful place where money isn’t causing such a rift in your relationship.

Now, the first thing to understand is that when there are arguments about money, it comes from an underlying fear. 

So the first thing you want to do is start to look into is, is it his fear, or your fear? 

And, at the end of the day, it actually doesn’t even matter. But it is important to recognize your own fear within that because if you weren’t also fearful (even if he was) you wouldn’t feel the need to be defensive, right? 

So, it comes back to:

“Everything on the outside of you is a reflection of what’s going on on the inside of you”.

WATCH THE VIDEO :

OR LISTEN TO THE AUDIO:

OR READ THE TRANSCRIPT:

So, particularly with our life partner, we’re constantly reflecting and mirroring and shadowing off each other. 

So sometimes, we will project all our unresolved things that we’re not really ready to deal with onto them. So we go, “You’re doing this, you’re doing that, you’re doing that,” but what it really is, there’s a part of us that doesn’t like the fact that we sometimes do that or maybe we are currently doing it and we’re just not owning up to it, not even to ourselves.

So, the bottom line is that you need to heal the fear within you, because it’s just causing a vicious spiral.

And when you get to a place where you no longer hold the fear around finances then, first of all, they won’t be mirroring it back to you. And even if they have their own fear going on, your energy, your calmness, your “Hey babe, it’s okay, we’re all sorted,” will actually start to rub off on them. 

They will start to resonate more and more with where you’re at once you are stable enough in your own state of being chilled about money and knowing it’s all under control, there’s plenty more coming and we’re okay, babe.

So, like everything else, really, that I teach you, it’s all about you, because you are the creator of your life and you are this beautiful energy with consciousness so you get to cause that effect on the energy field around you and your partner will just pick up on what’s going on with you. 

So, start fixing what’s going on within you and your world will shift.

Now, if you want to get stuck into it straight away, then make sure you grab my Manifesting Money Training. This 25-minute video training takes you through the 5 reasons you’re not manifesting more money – and what to do about it!

It’ll go a long way towards healing those underlying fears that I’ve just talked about and help you have a much more harmonious relationship about money with your partner. So grab that from the link in the description.

I will see you next time. Keep on embracing your beautiful and unlimited potential.

READY TO GO DEEPER?

Grab the free Manifesting Money Training here:

[Tweet “Stop fighting about money with your partner! #moneyfights #moneymindset #moneytrouble #moneyissues”]

What’s Your Money Habit Archetype?

What’s Your Money Habit Archetype?

Do you know what your Money Habit Archetype is?

Okay, so there are, three broad categories of “habit archetypes” that people fall into when it comes to money.

The thing with money is that we have these habit patterns and they don’t really change that much unless we do something major to shift them.

That’s because a habit is an unconscious pattern in the nervous system, which means that you’ll repeat it over and over and over again without giving it any conscious thought.

You’re unconscious to it.

It just happens automatically on autopilot and meanwhile you’re washing the dishes or on Facebook or whatever you’re doing, and you don’t realize what is going on.

We operate unconsciously about 98% of the time, so it’s not just you, it’s how the human mind works.

When it comes to money, like I said, there are three broad categories of Money Habit Archetype.

 

WATCH THE VIDEO :

OR LISTEN TO THE AUDIO:

OR READ THE TRANSCRIPT:

Now, they are:

Number one: The Accumulator.

The Accumulator is somebody who always seems to manage to put some money away. No matter what’s going on, they’ve always got a bit leftover and they tuck it aside. So that is the Accumulator.

Number two: The Spender.

This is the person who always kind of breaks even. Money comes in, money goes out. Really, they just spend everything that comes in, everything they earn, and every dollar has an important… or not so important job to do and there’s nothing left.

And the third: The Overextender.

The Overextender is the one that always seems to have not quite enough and is constantly going backwards. They’re constantly accumulating debt, because they spend more than they earn.

Now the really interesting thing about this is that it actually makes no difference as to how much money you make to what habit archetype you are.

The habit archetype has to do with the patterns that are running deep in your subconscious basement. They’re running the show, so the numbers are irrelevant.

You can be an Overextender who always goes into a bit of extra debt, earning $20,000 a year. You can be an Overextender, then as life progresses you’re making $60,000 a year, but still it’s not quite enough because you want that lovely car and you want to live in a nicer place than you can really afford. And then say you do build a business that becomes successful and you’re turning over a million or more, and you decide that you really do want the Ferrari, you want the Porsche as well, and you want to have those amazing holidays in the Maldives while they’re still above water level.

So, no matter how much you’re earning you’re still always just stretching yourself beyond your means, so it’s got nothing to do with how much money you make. That means that if you want to change that pattern, that end result, it’s not just about looking at how can I bring in more money, it’s actually about looking at, “Hm, this pattern… what’s going on with that and what’s that all about?”

So, an easy way to figure out which of those three you fall into, is to look back to your childhood. Think about what you were like as a kid with pocket money or with your first job and you’ll find that it’s actually still the same.

The interesting thing is that the people who are Accumulators, they always feel like, “Yeah I’m saving money but it’s just not enough, there was more to be saved so maybe I’m not an Accumulator, maybe I’m a Spender”. So if that’s how your brain is firing right now, just know that if you’re somebody who says, “Ugh, I only have $10,000 in the bank and it’s just not enough,” you’re an Accumulator.

So what I wanted to let you know is that, you need to figure out what you are and the easiest way to do is to go back to early childhood, because most likely it’s been that recurring pattern ever since.

Then figure out where that came from.
Why do I feel like it’s just never enough?

Most of us just think that if we just became an Accumulator everything would be great, but the interesting thing is, I know lots of Accumulators who are really unhappy about their financial situation, because the undercurrent is that, “It’s not enough, and I’m not safe. No matter how much is in the bank, I’m not safe.”

Or maybe you’re a Spender and you do spend every dollar that comes in, but you’re doing that from the point of view of, “I trust that all my needs are always being met. I trust that I’m able to generate any amount of money I need, and I trust that my bills are always paid, and I trust that I always find the opportunities to help me create more money, so spending isn’t a big deal, because there’s always more coming in.”

If you’re a Spender, and you’re always breaking even, and that is your mindset… that’s awesome! That’s actually fabulous, because the bottom line is that how much money is in the bank is irrelevant, it’s how you FEEL about it that is relevant.

So, if you don’t feel good about your financial situation and your Money Habit Archetype – the way that you operate around money right now – then you do need to go back and just ask the questions, “Where did I learn that? Where did I learn that that’s important or that’s the way things work?” Start to unravel some of those things.

Start to ask yourself those sorts of questions.

Questions are powerful, and on that note before I let you go, I encourage you to do my quiz. I’ve got this great quiz which actually lets you know what the next step is to creating a life of abundance & joy.

We don’t want to be rich and feel like crap and feel like it’s not enough. We want all of it.

So if you feel like that’s not quite humming for you please take my quiz, the link is in the description and it’ll help you work out what your next step from here is, so that you can create that abundant life for yourself.

READY TO GO DEEPER?

Take the Money Habit Archetype Quiz so you can clear your biggest money block.

Are you an Accumulator? Here’s your money strengths & weaknesses

Are you an Accumulator? Here’s your money strengths & weaknesses

If you’re an Accumulator Money Habit Archetype, it means that you always manage to put a little bit of money aside. Your general pattern is that more money comes in than money flows out. 

To be honest… other people get pretty jealous of that. They envy it.

People who are not Accumulators see that as the holy grail, being able to always hold on to some of your money and have it grow and multiply.

The thing is, even though that’s the pattern and that’s very desirable, it’s not always coming from a really healthy place and doesn’t always feel good for you.

A lot of Accumulators are actually driven by fear and lack.

So what happens is, it’s never enough and it never feels like you’re done. It never feels like you’re safe. It always feels like you’ve got to go accumulate more, you’ve got to keep going, you’ve got to keep saving, keep scrimping… JUST – IN – CASE.

I know all about it, because I was raised by an Accumulator.

 

WATCH THE VIDEO :

OR LISTEN TO THE AUDIO:

OR READ THE TRANSCRIPT:

My mum is an amazing, amazing Accumulator who can make a dollar stretch a mile. It’s absolutely incredible. I watched that, and I saw that pattern, and the thing is that was very much a pattern driven and motivated by fear. 

In fact, my mum, after my parents split up, went through a really rough time where she had to work for an hourly rate of $5 in a really tough job, and even though that wouldn’t be enough for most people to live off, what she managed to do is: buy a little unit, pay it off, and then buy another much nicer townhouse and pay that off as well!

She’s an amazing Accumulator, and unfortunately it was very much driven from a sense of fear and a place of lack. It wasn’t just that after she went through the break-up with my dad that she suddenly became an Accumulator, it had always been her pattern and when they were together, she’s the one who kept us with a roof over our heads because my dad was certainly NOT an Accumulator!

So, let’s talk about what the strengths and weaknesses of the Accumulator are:

First of all, you know how to save money to actually achieve your long term goals. 

Things actually get accomplished because you’re good at planning for the future and knowing what to do in the now, and that’s fantastic.

The second thing that’s a really big strength of being an Accumulator is that you’re a good money manager, not just in terms of planning for the future, but in terms of managing what needs to be dealt with right now. This means your bills always get paid on time, every dollar is accounted for, you know what your money’s doing and you’re on top of it all.

The third thing that’s very beneficial of being an Accumulator is that you can really help your partner, especially if they’re not an Accumulator and they’re not very good with money. It tends to really balance things out and keep the family on track.

The Accumulator also does have some potential weaknesses.

If you’re coming from a place of fear and lack, which a lot of Accumulators are, they’ve got an underlying story and a limiting belief that it’s never enough. So then it is never enough and so you tend to delay gratification. 

You tend to delay taking care of yourself. 

You delay treating yourself to something, delay having that massage, buying that new outfit, or going on that holiday. Whatever it is you tend to always put it off because, you know… you better just put a little bit more money aside, maybe pay off the mortgage a bit more, accumulate some more in savings, because you don’t want to “waste it” on you, so you delay gratification and sometimes (often) it never comes!

The second weakness that comes with being an Accumulator is that you tend to obsess and stress about money, even when it’s coming in!

You don’t actually get to enjoy the fruits of your labor. 

You don’t get to enjoy or really celebrate that money that’s coming in because the feeling you’ve got underneath, is that it’s still not enough and there’s a worry that, “What if it doesn’t last? What if something bad happens?” That’s what I’m talking about, that is that underlying story of fear and lack that’s actually driving that accumulating style behavior.

So you never feel good about the money – even though it’s coming in and other people are looking at you and going, “I wish I could be like you.” 

Meanwhile you’re actually sitting in a pool of stress and worry and you’re not having a very good time. 

The third weakness is, as far as your family and maybe your partner are concerned sometimes you’re seen as Uncle or Auntie Scrooge. You can be seen as a bit of a killjoy because you’re the one who says, “No no no, we’re not going to splurge on that expensive holiday or that expensive restaurant. Let’s just go to this one, they’ve got a two for one special, or this one where kids eat free, or this resort where kids stay for free.” 

You tend to kind of downgrade your life all the time because you’re trying to be sensible and you’re trying to preserve as much money as possible. And the rest of the family who are not wired like you are will be saying, “But can’t we just have some fun with our money???” 

That can cause a lot of stress and disharmony in families and relationships as well.

So there are some of the pros and cons that come with being an Accumulator.

Now, ideally, the Accumulator habit pattern itself is obviously where everybody wants to be. We want to be accumulating money so that it can grow and multiply – so that we can set ourselves up for financial stability, set up our financial future, and achieve that level of financial freedom that we’re looking for. 

However, if it’s coming from that underlying place of fear and lack, then that’s not a good healthy thing. 

You need to find a way to strike a balance between the two, and the easiest way to do that is to actually look at what that underlying story is and start to shift it.

What I recommend you do is jump on my quiz which will confirm that you are an Accumulator.

(To be honest a lot of Accumulators don’t think they are one, because they feel like they still haven’t got enough money in the bank to qualify as one 🙂 )

So, do the quiz. It’ll confirm for you that you are indeed an Accumulator Money Habit Archetype, that that’s your pattern.

And then I’ll send you a series of emails from there that will help you dive deeper into what is driving that pattern, so that you can find that beautiful sense of balance where lots of money’s coming in, plenty of it stays around for you and you actually enjoy it and get to relax about it, which is what we all want at the end of the day… to have our cake, eat it, and love it, right?

So hop to it, you know what to do!

READY TO GO DEEPER?

Take the Money Habit Archetype Quiz so you can clear your biggest money block.