The Abundance Mentality, & How it Can Radically Change the Course of Your Life

How are you faring during these dull and dreary times where the coronavirus pandemic is continuing to run its course? Do you feel down and desperate? Or are you hanging on, and looking to see the light at the end of the tunnel? According to psychologists and mental health experts, your mindset can radically affect the course of your life, and overwhelming research on mindset has shown that how you think about yourself and the world around you can definitely change the way you learn, create success and resiliency, handle stress and enhance your immune system. Read on to learn how mindsets like the Abundance Mentality can radically change the course of your life.

Who Invented the Abundance Mentality?

The term “abundance mentality ” was actually coind by world-famous author Stephen Covey in his 1989  best-seller The Seven Habits of Highly Effective People. He defined the term as “a concept in which an individual believes that there aare enough resources and successes to shaare with others”.

Mr. Covey contrasts this belief or mentality with the Scarcity Mindset, which is based on the idea that if someone else wins or is successful in a situation, this means you lose and are not considering the possibility of all parties winning in some way or another in a given situaiton. The scarcity mindset is deemed as destructive and negative because it’s a negative, defeatist concept.

woman sitting on black chair in front of glass-panel window with white curtains

Why the Abundance Mindset is a Beneficial Endeavor

Mr. Covey further adds that fostering an abundance mentality  has now become widely recognized as a beneficial belief or endeavor, especially in personal and spiritual development. He believes that the mindset allows the individual to live a full, unlimited and satisfying life.

He also stresses that this mindset can enable the individual to exude happiness despite the hardships and circumstance, give and recieve affections and items of high value with ease, feel plentiful, creative and inspired, and take advantage of an enjoy the new opportunities that comes your way.

It also allows the person to create memorable and meaningful life experiences, and feel secure and confident in their life’s endeavors, as well as create successful outcomes. By understanding the signs and symptoms of the abundance mentality and scarcity mindset, you can start to create awareness about where you may be landing on the spectrum. 

How to Create an Abundance Mindset in Your Life Now

If you’d like to fully embrace the abundance mentality, here are a couple of effective ways to do it. For starters, recognize the power of your thoughts. By taking ample time to notice what type of thoughts are lingering in your mind, you can start to make a conscious effort to shift your thoughts and emotions towards abundance.

So, if you’re getting less than pretty or positive results in any area of life, pehaps you should ask yourself “Are my thoughts based on fear and scarcity? And then ask “What do I need to do to shift my mentality to that of abundance?” You could write down your questions or concerns and share them with a family member or friend for accountability.

Second, learn to practice gratitude, as gratitude is one of the most powerful and impacting tools or attitudes for creating happiness and abundance. There are actually a lot of studies on the amazing power of gratitude on well-being. In fact, according to celebrity talk show host Oprah Winfrey, “If you look at what you have in life, you will always have more. If you look at what you don’t have in life, you will never have enough”.

It would be best to keep a journal on gratitude and write down what you’re genuinely grateful for every day. Try your best to record at least 5 or 10 items, like write down the simple things that often get overlooked such as the bed you sleep in, the fresh air you breathe, or the chance to wake up and live another day.

Third, believe that the sky’s the limit. According to one study conducted by Harvard University, when individuals intently focus on one particular thing, other possibilities in front of them often go completely unnoticed. Thus, it’s crucial to loosen the mind’s focus and create an ever-expanded awareness which fosters the abundance mindset. 

To do this, try maintaining a regular meditation habit, or take a few minutes to be somewhere peaceful and quiet, so that you could clear your mind and allow abundant possibilities to come to fruition.

Fourth, cultivate and share your passions and purpose. Remember that understanding and creating confidence in the things that you love to do is a wonderful way for fostering belief in yourself. Learn how to share your gifts and provide value by serving those who would benefit the most.

The fifth step towards attaining the abundance mentality would be to develop mastery experiences. The best step towards creating self-efficacy (Which is defined as the deep knowledge that you can create whatever you want in life and live abundantly) is to consciously create mastery experiences.

According to Mr. Covey, mastery experiences are defined as past experiences of success which create mastery in one area. Like for example, if you get better by at least 1% at something each day, then a year later you could be 365% better, and will have effectively created a mastery experience.

The sixth step is to pick your words wisely. This means that the language you use, as well as the things that you tell yourself and others, actually shapes or defines yoru reality. So, when you are engaged in a conversation with a friend or acquaintance, notice what you’re saying about your beliefs and your experience.

And, if you find yourself saying something you can’t have, be or do (Even if it’s actually what you truly desire), then stop yourself and have the nerve to say “Thank you for listening but I actually want to take that statement back because that’s a scarcity mentality, and I’m bent on creating an abundance mentality”.

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