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. 

 

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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!

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