Scarcity vs Abundance Mindset: Finding Your Path to Growth

Posted on April 29, 2024 by Aleksandra Lazarevska, One of Thousands of Career Coaches on Noomii.

Your mind is the most powerful tool you have in controlling the direction of your life. Is your current mindset pushing you down a path of growth, happiness, and satisfaction? Or are you not yet where you want to be?

Two main perspectives influence how we view our opportunities and challenges: the scarcity vs abundance mindset. The first holds us back, makes us hesitant to take risks, and instills fear that there’s not enough space for success. The second encourages collaboration and risk-taking, creating beliefs that there’s plenty to go around.

What’s The Difference Between an Abundance vs Scarcity Mindset?
When you think of the word abundance, what comes to mind? Generally, it’s positive thoughts that follow. Abundance in your life gives you a sense of relief and satisfaction. Now, on the flip side, what do you think when you hear the word scarcity? Not having enough of something can bring on negative emotions like stress or worry.

I invite you to embrace abundance over scarcity from now on. But first, it’s important to learn the real differences between a scarcity vs abundance mindset so you become aware of your own thoughts and how they’re affecting the trajectory of your life.

Scarcity Mindset
Having a scarcity mindset means your inner thoughts revolve around fear—the fear that resources in your life are limited and that there’s not enough to go around. This can lead to feelings of guilt, anger, or envy when you look at what others have that you don’t. When someone else does well, you believe it has to be at the expense of the others.

If you have scarcity mindset relationships with friends or partners, you may find it difficult to build trust, communicate openly, or foster a healthy, nurturing partnership. Behaviors such as jealousy, possessiveness, and competition become the norm. Individuals with this mindset often fear that giving too much to others might leave them depleted or worthy of abandonment. Scarcity does nothing to move us forward and everything to hold us back.

Abundance Mindset
Now that you understand a scarcity mindset better, what is an abundance mindset? With an abundance mindset, you believe you have more choices, options, and resources. You see endless room for growth and collaboration.

Those who view the world through an abundance lens view relationships as opportunities for growth, learning, and mutual enrichment rather than as a zero-sum game where giving to one means taking from another. They trust that there’s enough love and attention to go around, which fosters a sense of security, openness, and generosity within their relationships.

Abundance can be associated with positive thoughts about health, money, time, and energy. These are all related to an abundance mindset, which is when you feel you have plenty of these things. An abundance of good health, money out there to be made, time to do what you love, and energy to get things done. This leaves you excited and motivated for what’s to come in your life.

How To Incorporate Abundance Mindset Exercises in Your Life
If you’re ready to welcome more abundance into your life, it’s time to reframe your mindset. Whether you tend to think more with a scarcity vs abundance mindset or simply want to practice more positive and reflective thinking, there are ways you can get there! The mind is a powerful tool in shifting the course of your life.

Get started by trying these abundance mindset exercises:

Practice Gratitude
When you get caught up in swirling negative thoughts and grapple with the abundance vs scarcity mindset, gratitude is an effective way to bring yourself back to the positives in your life. One of the easiest abundance mindset exercises is writing down three things you’re grateful for each day. Looking around and recognising everything you do have helps you reframe thoughts around what you don’t have.

Challenge Your Thoughts
Shifting to an abundance mindset fosters a healthy relationship with people, money, time, and energy. By changing your viewpoint to a perspective of sufficiency and possibility, instead of viewing these resources as scarce and needing to be hoarded, you’ll see them as expandable and renewable. Once you’ve identified a scarcity thought, challenge it. Ask yourself if there’s concrete evidence for this belief or if an alternative, more abundant perspective is possible. If you’re upset that someone else got a promotion instead of you, accept that it happened. Then, focus on the bigger picture – success IS achievable within your current environment. Don’t let small setbacks or letdowns take you off track to reaching your own goals in life.

Focus on Possibilities, Not Limitations
Limiting beliefs are judgments about yourself that restrict you in some way. Find a few abundance mindset affirmations you can repeat to yourself, such as “I have everything I need to be successful.” or “I achieve whatever I set my mind to.” If you feel like a scarcity mindset is holding you back, replace those negative thoughts with positive affirmations. You’ll be surprised how impactful they can be in eliminating those limiting beliefs.

Change Your Focus
Shift your focus from what’s missing to what’s available. When you focus on abundance in your life, that’s when you’ll start to see it appear. Meditation is one of the best ways to regain control of your focus. Mindfulness allows you to tune out all of the negative chatter in your head and focus on what really matters. It brings you a sense of inner peace and sufficiency and also helps you become more aware of your thoughts and feelings. Consistent practice can recondition your mind to naturally gravitate toward an abundance mindset.

Cultivate Self-Awareness
Awareness is the first step to shift toward an abundance vs scarcity approach to life. Self-awareness is the ability to turn inward and understand one’s emotions, thoughts, and actions. Recognise when you’re operating from a scarcity mindset. Journaling can help you reflect on your thoughts as you process them. Write down your positive and negative feelings over the next few weeks. Review and reflect on what you’ve written to identify any patterns. Becoming more self-aware allows you to take on a more abundant way of thinking.

Surround Yourself with Abundance Influencers
Having a scarcity vs abundance mindset can hold us back from reaching our full potential. Beyond these abundance mindset exercises, surrounding yourself with individuals who embody an abundance mindset can significantly influence your outlook on life. Integrate mentors, engage with uplifting books and podcasts, and follow inspiring social media content focused on personal growth.

Beyond these initial actions, the specialised support of a holistic life coach can lead to a deep and lasting transformation.

As a certified coach, I align with this abundant perspective and provide personalised guidance to help you navigate challenges, set goals, and cultivate a more fulfilling life. This combination can create a powerful environment that nurtures positivity, growth, and abundance in your personal and professional life.

Are you ready to make the shift?? Request a free consultation with me to get started!