13 min

Abundance Mindset vs. Lack Mentality - that yucky word known as "lack‪"‬ Laws of Abundance

    • Self-Improvement

Alright, this week we are going to talk about the elephant in the room. This is the difference between an abundance mindset and a lack mentality. I’m going to spell it out so that it's clear and so you can see where LACK (my least favorite 4 letter word) is creeping into your thoughts and manifesting more of itself to your determent. 
First though, let’s give you some research facts for your professionals out there who need them. The quote unquote “Abundance Mindset” is a term coined by Stephen Covey in his 1989 best seller The 7 Habits of Highly Effective People ( a book I highly recommend and its accompanying workbook. Both are linked in show notes.
The definition is simply the attitude that “there is plenty for everyone” aka plenty of wealth, plenty of prestige, plenty of food, plenty of optimism, plenty of success, etc. fill in the blank. AND this definition also includes the WILLINGNESS to be OPEN to the option that there is in fact PLENTY to be had. 
So, this is a very active thing to hold an abundance mindset. You must cultivate a belief that there is in fact plenty and remain always open to that fact, willingly. You can’t force yourself, or trick yourself, or co-dependent yourself into believing there is enough for everyone (in fact MORE than enough, there is plenty!) Plenty connotates overflowing cornucopias of whatever the want/need is for humans.  You must work on being open to the idea - this openness is the KEY to holding the attitude, and one of the reasons gratitude helps cultivate abundance is because it makes us more open to the belief that there is plenty.  
Now let’s talk about lack. A lack mentality is built upon a scarcity mindset - which is also a belief. A belief that there is not enough for everyone and in fact there is so little that resources are scarce - to the point where we must fight to survive in this world. Scarcity believes there is not enough food, not enough money, not enough supplies, tools, things to go round - and thus if you get some of the scarce things you must hoard it. And this need to hoard just reinforces the belief that this is lacking. The energy of “there is never enough” just feeds on itself and thus the truth is “there is never enough” for that person, and the many other persons who hold that thought. 
As an extreme example of this, think about a hoarder’s house. This literal abundance of stuff up to the ceiling comes from the person in every decision and every belief, believing that there is not enough. To such an extent that they save everything - fully stopping their flow and filling their house with garbage or unused things. And the lack and scarcity of belief is so reality consuming that they literally do not see that they have plenty of whatever it is that they are conserving. Not only do they have plenty, they have an abundance of stuck energy.  It's like a magnet - the belief in lack fuels what they see and creates the reality around them, and it literally attracts more of the same.  
OK, most of us are not hoarders but a lot of us hold scarcity mindset belief systems, which is simply this “if someone has something this equals less of that for me.” We need to look no further than the great United States Toilet Paper Disaster at the beginning of COVID 19 lockdown to see this at work, at least culturally, in the United States (the land of plenty) where I live and write this, and we suffer as a collective consciousness from Lack Mentality and scarcity mindset.  So let’s go deeper - let’s look at what is happening in the scarcity vs abundance mindset. 
The scarcity point of view = You are a victim i.e. I have no choice The abundance point of view = you are empowered i.e. I always have a choice Lack Mindset: I have no choice but to buy all the remaining toilet paper on the shelf because there is a shortage and I’ll be left without it if I don’t do this. I’m being forced to act and hoard because other people a

Alright, this week we are going to talk about the elephant in the room. This is the difference between an abundance mindset and a lack mentality. I’m going to spell it out so that it's clear and so you can see where LACK (my least favorite 4 letter word) is creeping into your thoughts and manifesting more of itself to your determent. 
First though, let’s give you some research facts for your professionals out there who need them. The quote unquote “Abundance Mindset” is a term coined by Stephen Covey in his 1989 best seller The 7 Habits of Highly Effective People ( a book I highly recommend and its accompanying workbook. Both are linked in show notes.
The definition is simply the attitude that “there is plenty for everyone” aka plenty of wealth, plenty of prestige, plenty of food, plenty of optimism, plenty of success, etc. fill in the blank. AND this definition also includes the WILLINGNESS to be OPEN to the option that there is in fact PLENTY to be had. 
So, this is a very active thing to hold an abundance mindset. You must cultivate a belief that there is in fact plenty and remain always open to that fact, willingly. You can’t force yourself, or trick yourself, or co-dependent yourself into believing there is enough for everyone (in fact MORE than enough, there is plenty!) Plenty connotates overflowing cornucopias of whatever the want/need is for humans.  You must work on being open to the idea - this openness is the KEY to holding the attitude, and one of the reasons gratitude helps cultivate abundance is because it makes us more open to the belief that there is plenty.  
Now let’s talk about lack. A lack mentality is built upon a scarcity mindset - which is also a belief. A belief that there is not enough for everyone and in fact there is so little that resources are scarce - to the point where we must fight to survive in this world. Scarcity believes there is not enough food, not enough money, not enough supplies, tools, things to go round - and thus if you get some of the scarce things you must hoard it. And this need to hoard just reinforces the belief that this is lacking. The energy of “there is never enough” just feeds on itself and thus the truth is “there is never enough” for that person, and the many other persons who hold that thought. 
As an extreme example of this, think about a hoarder’s house. This literal abundance of stuff up to the ceiling comes from the person in every decision and every belief, believing that there is not enough. To such an extent that they save everything - fully stopping their flow and filling their house with garbage or unused things. And the lack and scarcity of belief is so reality consuming that they literally do not see that they have plenty of whatever it is that they are conserving. Not only do they have plenty, they have an abundance of stuck energy.  It's like a magnet - the belief in lack fuels what they see and creates the reality around them, and it literally attracts more of the same.  
OK, most of us are not hoarders but a lot of us hold scarcity mindset belief systems, which is simply this “if someone has something this equals less of that for me.” We need to look no further than the great United States Toilet Paper Disaster at the beginning of COVID 19 lockdown to see this at work, at least culturally, in the United States (the land of plenty) where I live and write this, and we suffer as a collective consciousness from Lack Mentality and scarcity mindset.  So let’s go deeper - let’s look at what is happening in the scarcity vs abundance mindset. 
The scarcity point of view = You are a victim i.e. I have no choice The abundance point of view = you are empowered i.e. I always have a choice Lack Mindset: I have no choice but to buy all the remaining toilet paper on the shelf because there is a shortage and I’ll be left without it if I don’t do this. I’m being forced to act and hoard because other people a

13 min