How to adopt abundance mindset and lose the scarcity one

Photo by Andrea Galeano on Unsplash

I am not a materialistic person so this is not one of those articles on how to think yourself into a Ferrari. Neither am I an expert or life coach. The following is simply my experience going from scarcity to abundance mindset and how it worked for me.

Growing up, I had to take care of myself financially from an early age. My father put a roof over my head, but I had to work for everything else starting in high school. This was common in the neighborhood where I grew up.

At 18, I left home and worked my way through university. While many of my cohorts received free tuition, room, and board, courtesy of mom and dad, I worked long hours to cover tuition, rent and grocery bills.

As a result, I developed a scarcity mindset around money. Throughout most of my life, I stuck to a strict budget and felt panicky any time I treated myself to anything that wasn’t absolutely necessary.

But this mentality kept me poor. Even when I had money it felt as though it wouldn’t last. Rather than thinking about how to increase my income, my default setting was to save and scrimp on what I already had.

To me, money was a finite resource. It did not grow on trees (the famous saying of poor parents) and there was no more where that came from.

How I went from scarcity to abundance

Things changed, however, when I made the decision to invest in my personal growth through seminars and courses. Almost overnight, my scarcity mindset became replaced by an experience of abundance.

Now, instead of waiting until I have gobs of money before spending some on myself, I trust that more money is coming. As a result, splashing out on a dinner, vacation, outfit, or course no longer makes me want to crawl into a corner and clutch my stomach.

Here are 3 ways I learned to move from a scarcity to an abundance mindset.


1. Find the lesson

Rather than thinking of experiences as good or bad, they became learning experiences. That’s different from the toxic positivity of pretending things are great when they’re not.

It’s taking disappointments in life and making them opportunities for personal growth. It’s the knowledge that failure is simply a step on the road to success.

That makes it easier to get up when you’re down. It makes you more creative in your approaches to work and life, and helps you see more possibilities.

2. Value yourself to encounter abundance

If you refuse to spend money on yourself, you’re telling yourself you’re not worth it. Feeling like you’re not worth it will repel rather than attract abundance to you.

I used to believe I valued myself by saving money and maintaining financial security. While financial responsibility is important, it’s harmful when accompanied by feelings of deprivation and lack.

Learning to treat myself as a woman of value increased my confidence and made me believe I deserved more out of life. As a result, more came my way.

3. Stop thinking money has to be earned

Working for pay is only one way to receive money. In fact, I’ve heard jobs with regular paychecks described as living on a fixed income (like welfare). Those words freed me to think differently about income sources.

Expecting to receive a fixed amount will ensure you never receive more. But if you open your mind to the possibility that money comes from unexpected places, don’t be surprised if you open your mailbox to find a check.

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