Scarcity to Abundance Mindset

Focus on the things you have, not the things you lack

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Thanks to social media, news, and people around us who tend to be pessimistic, we may tend to notice what we’re lacking instead of what we have. This is known as a scarcity mindset, whereas paying attention to what we have is an abundance mindset. When we’re surrounded by others with a scarcity mindset, it’s easy for us to fall into that way of thinking ourselves. But, challenging the scarcity mindset and focusing on appreciation and abundance has benefits that can be truly life changing.

This activity card will:

  • Explain the benefits of having an abundance mindset;
  • Help you start to shift from a scarcity to an abundance mindset;
  • Form a practice of gratitude and appreciation;
  • Reflect on your progress to help you grow.

How an Abundance Mindset Can Benefit You:

Appreciating what you have, rather than what you lack, has been proven to help in a number of ways. It can improve overall happiness, your relationships, energy levels, sleep quality, and productivity. In fact, one study showed that those who have a more positive, abundance focused mindset tended to live seven and half years longer than others. 

Strategies for Shifting From a Scarcity to an Abundance Mindset:

1. Start your day by reflecting on the positive things around you.

  • Wake up a little earlier to start your day off at a slower pace than usual. Use this time to notice the good that is around you. 
  • Before getting out of bed, take a moment to reflect on how you feel and to engage your senses. For example, rather than focus on the bad night of sleep you may have had, appreciate that you have a bed and that you likely have enough energy to get through the day.
  • Most people start their day with a list of things to do, but try making a list of things you have that will help you enjoy the day. Maybe your list includes important relationships, resources, personal qualities, or material goods.

2. Practice showing appreciation for others.

  • One big indicator of a scarcity mindset is being critical of others. For example, maybe you view your co-workers as competition or you automatically don’t like your friend’s new friend. Finding ways to appreciate others is a good way to start to combat this mindset.
  • Start actively pointing out things you like about someone before you start to think of the negative. Over time, your brain will start to change it’s go-to thoughts of criticism as you continue to challenge it.
  • Thinking about positive aspects of someone else is a great first step. Take the next step by actually complimenting someone else.

3. Look back to notice how far you’ve come

  • Often we get caught up in wanting more that we forget how much we already have. Taking time to reflect on your life can help you notice what you have and how that has helped you get to where you are now.
  • Set time aside to really reflect back on your life, go back as far as you want. Remember that first apartment, your first job, your first relationships. Admire how things have changed and how you’ve always gotten by with what you have.
  • Reflect on your childhood or even the journey of your family through the generations. No matter how you do it, taking the time to really appreciate your path can help you build pride and remind you that you have had everything you’ve needed all along. 

When you start to change your mindset from scarcity to abundance, you may notice your overall well-being and happiness increase. If you’d like support with any of the strategies here or support with developing an abundance mindset, reach out to your coach who can chat more about it with you.