The beginning of a new year — and in this case, a new decade — can sometimes bring up feelings of regret over wishing that you had accomplished a certain goal or life milestone by now. From the Ginger members I coach, I often hear things around this time of year like:
“I’m the only one out of my friends who’s still single.”“I should have gotten a promotion/raise by now.”“I have no money. I’m stuck living paycheck-to-paycheck.”
These statements are a great example of what’s called a “Scarcity Mindset”, and it’s a common source of stress for many people. Scarcity Mindset can be defined as a pattern of thinking that focuses on what you don’t have and the underlying belief that you’re not ever going to have the things that you want, even when you have access to basic needs, like food, water, housing, income, etc. Whereas scarcity itself is typically defined as not having some or all of the things that are necessary for survival, this definition isn’t meant to diminish the real stress and anguish that can be caused by Scarcity Mindset; in fact it highlights how impactful this mindset can be.
Scarcity Mindset isn’t new. It’s been a facet of the human experience for as long as there has been wealth, poverty, and materialism. Today, we can see it play out on social media, in lifestyle blogs, reality TV, commercials, and so on. It often looks and feels like a mask that can drive people to spend a lot of energy trying to appear or act “the right way”. I’ve seen this show up in trying to keep up with other people’s spending habits, rather than spending within your own means. Or in thinking that there is one way to be a “good parent” or a “good friend,” and then internally beating yourself up for the ways you fall short of these ideals.
By identifying this experience as a mindset, as opposed to “how things are”, you can begin to move away from a discouraging (and exhausting) thought process and towards one that is empowering and motivating for you, like an Abundance Mindset.
Having an Abundance Mindset means not feeling limited by the things that you don’t have, but instead, focusing on the opportunities you do have in order to gain what you want in life. Whether it’s a long-term romantic relationship, financial security, moving up the career ladder or any other personal or professional goal, your mindset plays a significant role in how well you’ll do in achieving your goals. A very common area that people tend to feed their Scarcity Mindset is in not believing or trusting that they are able to gain the skills or resources needed to meet their goals. This is where leaning on your supporters and existing resources can be a game changer.
Once someone is able to work and connect with someone who can hear them out non-judgmentally and reflect back to them how they may be treating themselves, like a close friend, mentor, coach, or therapist, they can start to become aware of what is standing in their way and start to plan around it, which is how abundant thinking works. It’s a mindset that helps you start from a place of assuming that you are able to get to where you’d like to go and then you can begin identifying the steps you need to take to get there. Alternatively, Scarcity Mindset is like wearing blinders and all you can see is what you don’t have, not the possibilities that exist for you.
Having an Abundance Mindset can help you start to shift the statements you read at the beginning of this post to sound more like:
“I’m able to reach my goals through using my resources, and can find new ones as I need them.”“I’ve been stuck for a while and am ready to learn ways to get unstuck.”“I trust that I’ll figure out a plan to get me where I want to be.”
Developing an Abundance Mindset is a way to develop and strengthen your self-belief and self-trust. When you find yourself feeling overwhelmed, envious of others, or ready to change but unsure of how, try reflecting, journaling, or talking to someone you trust to understand what you’d like to achieve and to see more clearly what’s holding you back. Being able to look at your situation from a different perspective, which is how a trusted friend or coach can help, is an effective way to better understand how your beliefs about yourself can either hinder or help you in achieving your life’s goals.
Through this process of reflection and receiving support, you can break out of the trap that Scarcity Mindset sets for us, and start pursuing the things in life that you want from a place of self-trust and abundance.