a guide to letting go of scarcity mindset

a guide to letting go of scarcity mindset
Photo by Alexander Grey / Unsplash

In the hustle and bustle of life, it's not uncommon to find ourselves stuck in a scarcity mindset, especially when it comes to our hard-earned money. We diligently save, work hard, and make sacrifices, yet the fear of scarcity lurks in the background, hindering us from relishing the sweet fruits of our labor. So, how do we break free from this mindset and savor the abundance that life has to offer?

Firstly, it's crucial to acknowledge that a scarcity mindset is a product of fear. Fear of not having enough, fear of losing what we have, fear of the unknown. As Franklin D. Roosevelt wisely said, "The only thing we have to fear is fear itself." It's time to confront and conquer this fear. Understand that abundance is not just about money; it's a mindset that encompasses wealth, joy, and opportunities.

One effective way to shift your mindset is through gratitude. Take a moment each day to reflect on what you have achieved and the blessings in your life. Oprah Winfrey once said, "Be thankful for what you have; you'll end up having more. If you concentrate on what you don't have, you will never, ever have enough." Gratitude opens the door to abundance by focusing your energy on the positives rather than the perceived lack.

Another key to unlocking abundance is to redefine your relationship with money. Instead of viewing it as a scarce resource that needs to be hoarded, see it as a tool for creating the life you desire. A monthly written budget is a great tool in this regard. Reserve a certain percentage of your monthly income for savings and/or investments – this is your first and foremost priority. Then, you’re free to spend the remaining amount as per your budget plan with zero guilt. In this way, by adopting a mindful approach to spending and saving, you create a balance that allows you to enjoy the present while securing your future.

Moreover, break free from the comparison trap. Social media often paints a distorted picture of other people's lives, fostering a sense of inadequacy. Remember, "Comparison is the thief of joy," as Theodore Roosevelt wisely observed. Your journey is unique, and your definition of success may differ from others. Celebrate your achievements, no matter how small, and appreciate the progress you've made.

Lastly, embrace the power of abundance affirmations. The mind is a powerful force, and what you repeatedly tell yourself becomes your reality. Affirmations such as "I am deserving of abundance," or "I attract prosperity into my life" can rewire your brain to focus on the positive aspects of your financial journey.

In a nutshell, letting go of a scarcity mindset requires a conscious effort to shift your perspective from fear to abundance. By practicing gratitude, redefining your relationship with money, avoiding the comparison trap, and embracing positive affirmations, you pave the way for a mindset that allows you to savor the fruits of your hard work and savings. As Wayne Dyer aptly put it, "Abundance is not something we acquire. It is something we tune into." So, tune into the frequency of abundance, and watch your life transform.


In 2015, a town in Norway banned ads featuring photos of underdressed models in an effort to reduce the number of car accidents.