Story: When I published The Character Triangle, some seven years ago, abundance was a relatively new topic. It has been gratifying to see it recently become more mainstream. An abundance mindset flows out of a deep inner sense of personal worth, self-compassion and security. It is a framework based on the belief that there is more than enough for everyone. Alternatively, a scarcity mindset is the feeling that there will never be enough, resulting in fear, stress, and anxiety. In my life, while far from perfect at this, I always try to generously give to others based on this very freeing and gratifying way of thinking and acting. It is a privilege to act with abundance on a daily basis.
Key Point: Abundance, as with most values and behaviors, can be learned and practiced. Angelina Zimmerman, in an Inc. article, explains this more thoroughly by outlining the seven main differences between those with a scarcity mindset versus an abundance mindset:
“1. Thinking Big versus Thinking Small.
Those with an abundant mindset are renowned for thinking big, it is part of their DNA. Scarcity mindset creates limitations in the mind which prevents the creation of audacious goals.
2. Plenty versus Lack
Those with an abundant mentality believe there is plenty of everything in the world from resources, love, relationships, wealth and opportunities. They believe they can afford what they want in life and say exactly that: ‘I can afford that…’
Those with a lack mentality prefer to believe that there is limited opportunities, resources, relationships, love and wealth. They consistently say: ‘I cannot afford that…’. Saying that statement every day reinforces the belief and forms that exact pattern in the life as reality.
3. Happiness versus Resentment
Someone with an abundant mentality is an optimist and is genuinely happy for others when they achieve success. Conversely, those with a scarcity mindset are competitive and resent others’ success.
4. Embracing Change versus Fear Of Change
A person with an abundant mindset understands that change is an integral part of life. They embrace and accept change. Appreciating the fact that change often leads to more positive outcomes, even if change is somewhat challenging or difficult to navigate. Fear plagues those with a scarcity mindset. They will spend time constantly complaining along about change and take a longer period of time to accept change.
5. Proactive versus Reactive
Due to the positive attitude of those with an abundant mindset, they take a proactive approach to life. Rather than waiting for things to happen and then reacting like those with a scarcity mindset do, they strategically plan for the future and create strategies for the long-term.
6. Learning versus Knowing It All
An abundance mentality craves learning and growth. They have a never ending thirst for knowledge and developing new skills, whereas scarcity mindset believe they know everything thereby severely limiting their learning and growth.
7. What Is Working versus What Is Not Working
A person with a scarcity mindset selects negative thoughts and adopts a victim mentality.”
Personal Leadership Moves:
- Just give of yourself without expecting reciprocity. The more you give with generosity of spirit, the more comes back to you in some way, some time. This is even more important when you are feeling like you’re getting the short end of things in life
- Forgive those who live in lack and fear. They are plagued with insecurity. Compassionately wish them the best.
- Think big and be big… Always look to expand the pie and share.
- Always celebrate others’ successes. Their victories take nothing away from you, even in direct competition. There is always more to gain and learn.
Abundant forever in personal Leadership,
One Millennial View: Funny enough, this blog is a little bit of an abundance versus scarcity test within itself. If I noticed that the Inc. article was published in 2016 (more than half a decade after The Character Triangle‘s very similar points), is that scarcity? Instead, I’d like to agree that after years of abundance editing, I too am happy the mindset is becoming more well-known, sought after, and less difficult to define for the mainstream.
Edited and published by Garrett Rubis