Five Traits Of An Abundance Mindset

I would like to share with you five traits of an abundance mindset.

Anything that you want to create in your life starts in your mind.  The way that you think determines how you live. The two most powerful words that you can say are, “I am”, because what you say after it shapes your reality.

Choose wisely. Your thoughts are powerful. Unfortunately too many people operate from a scarcity mindset.

Have you ever experienced that voice inside of your head that tells you, “I can only have this much”, “I don’t deserve wealth”, “I’ll never be successful.”

These beliefs are disempowering and only serve to keep you in a place of limitation and deprivation. The good news is that you have the power to change your life.

Stephen Covey first coined the term ‘scarcity mindset’ in his book, The 7 Habits of Highly Effective People, and described it as the zero-sum paradigm of life. People who adopt this perspective don’t take responsibility for their lives.

They are dabblers; short-term thinkers who stay at the surface, give up at the first sign of a challenge, and never fully commit to anything. They complain about not having enough time, money, energy, or resources to achieve their goals. Limiting beliefs run their lives.  As a result, they never grow and achieve success.

Conversely, people with an abundance mindset focus on possibilities and what is working. They view failure as an opportunity to grow and learn about themselves and the world. They are masters; they focus on the long-term, are committed to everything that they do.

Most importantly, they are humble. They believe that sharing knowledge, providing value, and supporting others' growth is important to living a life of service.

Which modality of thinking do you live by?

If you are living with a scarcity mindset or want to learn how to attract a greater amount of abundance into your life, below are five traits of an abundance mindset:

1. View Failure As An Opportunity

People with an abundance mentality view a missed opportunity or failure in life as a stepping-stone to greater knowledge and success. When they fail, they bounce back. In the words of Winston Churchill, “Success is walking from failure to failure with no loss of enthusiasm.”

Failure is what builds resilience. If you want to achieve success in life, you need to embrace failure. Don’t view it as a deficit, but rather a lesson that teaches you more about who you are and what you are capable of.

2. Be Proactive, Not Reactive

If you want to attract abundance into your life, it is important that you learn how to master your mind and emotions. Reactive people adopt a victim mentality, and believe that their lives are run by external factors. People who adopt an abundance mindset consciously create their realities.  

They only concern themselves with what they are able to control and change. Take charge of your life. The only thing that you have control over is YOU. Don’t react to life, but rather respond to it with an open mind.  You are a product of the decisions you make today.

3. Embrace Optimism

If you want to achieve anything in life you need to maintain an optimistic belief that your desires will be satisfied. An optimistic and positive attitude is precursor to a life of happiness, fulfilment, and gratitude. Martin Seligman defines optimism as, “reacting to problems with a sense of confidence and high personal ability.”

Specifically, optimistic people believe that negative events are temporary, limited in scope, and manageable. “Everything can be taken from a man but one thing: the last of the human freedoms — to choose one’s attitude in any given set of circumstances, to choose one’s own way.” ~ Viktor E. Frankl

Your attitude is everything. No matter what happens in life, if you view challenges from a positive lens, there is nothing that will stand in your way of success. 

4. Be Mindful of Your Company

Always remember that your vibe attracts your tribe. Your environment has a powerful effect on your behaviour. If you want to live an abundant life, it is important that you surround yourself with people who ascribe to the same philosophy of thinking as you.

Jim Rohn once said that, “You are the average of the five people you spend the most time with.” Are the people in your life bringing you in alignment with your true self? Do they possess an abundance mindset?

Surround yourself with people who bring abundance, joy, and happiness into your life so that you can become the best version of yourself.

5. Don’t Compare Yourself To Others

When you compare yourself to others, it takes the focus away from the massive amount of abundance that already exists inside of you. “When you doubt your power, you give power to your doubt.” ~Honore de Balzac Focus on your path and your personal growth and development.  Take the actions necessary in order to improve yourself and achieve your goals.

Nobody is YOU, and that is your power. Don’t come from a place of scarcity, but rather make a choice to live from a place of abundance. Practice gratitude every day and know that you are exactly where you need to be.

In the words of Peter Diamandis, “Creating abundance is not about creating a life of luxury for everybody on this planet; it’s about creating a life of possibility.”

When you learn how to tap into the infinite abundance that lies in front of you, you will start to change your mindset from one of scarcity to one of expansion. The secret to having it all is believing that you already do.

I challenge you to adopt these five traits of an abundance mindset.  When you do, everything in your life will change for the better.

Do you want to learn how to create a morning ritual that will help you develop an abundance mindset? CLICK HERE to join my course, Morning Ritual Mastery!