THE ENTREPRENEUR DIARIES 009

Mar 24

OUR LIMITING BELIEFS ON MONEY

Have you ever heard of the phrase, “scarcity mindset”? It’s when we allow ourselves to be caught up in habitual thinking that there isn’t enough, and in this case, I’d like to tackle that thought pattern on money. Last week I wrote about positive self talk and how the narratives that we tell ourselves shape our lives, I believe that the same goes for how we talk about our finances. On social media we see a stream of endless success stories of people whose highlight reels captivate us and then sometimes leave us deflated, wondering if we will ever get the chance to take that trip, see that concert, meet that person, wear those clothes, etc. So what happens next? We start focusing on what we lack, instead of grounding ourselves in gratitude for what we have, and so we start making choices from a place of fear and therein lies our scarcity mentality.

YOUR VIEW OF MONEY AFFECTS THE WAY YOU LIVE & SPEND

When we are grounded in gratitude, we cannot help but to be also be grounded in abundance. We give from a place of total love and service, instead of skimping on tipping our servers, we are gentle with ourselves and others instead of being wrapped up in impatience and frustration. We thoughtfully spend our money and invest in pieces we love when we are already in a place of self-love and joy instead of using our money to try to purchase our self-worth during moments of what some might call “retail therapy”. When we realize that our emotions and thoughts about money truly make or break our bank accounts, that’s when we start seeing big changes.

SO IF THE OPPOSITE OF MONEY SCARCITY IS ABUNDANCE AND SECURITY, THEN HOW DO WE TAP INTO THAT MORE FULLY?

I believe it starts with using our current resources to bless our families, our communities, and our own lives. Our money mindsets need to change through the narratives we speak. Once we can come from a place of abundance, we can truly change the way we spend, the money we earn and have greater appreciation and joy within our lives. It’s our responsibility as entrepreneurs to have hope, take action, become self-reliant, and use our wealth to bless the lives that we feel impressed to reach out to. Take time to understand your thoughts about money, and the rework them.

There is enough for everyone at this table and we can create our own wealth.

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