How do we stop believing money lies that we have been believing for years that might be leading us to having a scarcity money mindset? Well, it’s the self-determination, discipline and the right mental approach to money that drives even the most economically challenged to overcome odds and build wealth. Your money mindset can drive you forward or it can drag you back. If you want to know how to go from having a scarcity mindset to an abundance mindset, what it even is and what it looks like, keep reading
Scarcity Vs. Abundance Mindset?
So what is a scarcity money mindset? Well, it’s the belief that there will never be enough of something. When applied to money, a scarcity mindset can manifest itself in several ways. It leads us to believe money lies that we probably need to unpack. Someone with a scarcity money mindset might think I’ll never make enough money. There is not enough money in the world for me. I will always struggle financially. I have to buy this item I want now because I’ll never be able to afford it in the future.
An abundance mindset is the complete opposite. When you have an abundance mindset. You believe that there is enough of everything for everyone. You might think there’s more than enough money in the world for me. I can buy this item later because money will come to me. There will always be enough money to meet my goals and, my personal favorite, I can become debt free no matter my profession, even if I’m a teacher.
How To Change Your Money Mindset
So how do we actually replace a scarcity money mindset with an abundance mindset when it comes to your money, especially if you’ve been carrying around a scarcity money mindset for years? Well, it all comes down to the money lies we believe and how we react to our money.
Rewriting this thought process will take time, but doesn’t it make sense that it would take time? You’ve been thinking, probably you’ve probably been thinking one way about money for a very long time, so naturally, it will take time and effort to rewrite those thoughts. If you’ve had a scarcity mindset about money, chances are it’s been forming for years on end. However, you’re the gatekeeper to your mindset Thank goodness right and you can shift your mindset at any time.
So how do we stop believing money lies that we have been believing for years that might be leading us to having a scarcity money mindset. Well, it’s the self-determination, discipline and the right mental approach to money that drives even the most economically challenged to overcome odds and build wealth.
Your money mindset can drive you forward or it can drag you back. You’ve had money thoughts and beliefs for years, but if these thoughts are no longer serving you, then it’s time to completely rewrite these thoughts. Your scarcity money thoughts are essentially money lies that you keep telling yourself.
5 Questions That Will Rewrite Your Money Story
Money lies are usually based on emotions, past experiences and our own limited mindset. They are easy to believe because you’ve likely believed them for years on end. But once you recognize these thoughts as lies, you can completely change them. It all comes down to questioning the money thoughts that enter your mind. This practice takes time and the more you practice it, the easier it will become. So here’s what I want you to do. When a scarcity money thought or money lie enters your mind, I want you to ask yourself these five questions.
- Is the money thought true?
- How do I feel when I believe this thought?
- How do I treat myself when I believe this thought?
- What if I didn’t have this money thought?
- How can I replace this thought with one that serves me better?
One very effective way to work on changing your scarcity money mindset and creating an abundance money mindset is to question the lies, the money lies that enter your mind. And we can do that by answering these five questions. I fully believe that working on changing your money mindset takes time, but it also brings about so much goodness in your life.