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The Importance of an "Abundance Mindset" When Making Money Online
Change the way you think and it will change your life.
“Why Not Me? by Jarrylew” is an e-commerce and investment newsletter that focuses around the idea of using efficient income to become self-employed and financially free.
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What is a “Scarcity Mindset”?
Before I explain what an Abundance Mindset is, I’ll start by explaining what the opposite of it is.
I am doing this because this is the mindset that most people have. I would go out on a limb and say over 80% of people on earth think this way.
In fact, I once thought this way too. If you are like me, you grew up in a household where a scarcity mindset was the only mindset.
I wasn’t even aware there was an alternative, until I read a few books that touched on the idea.
A Scarcity Mindset is saying, believing, and thinking things like:
“I’ll never be happy”
“I’ll never be wealthy”
“I don’t have time for that”
“Someone has to lose for me to win”
“I’m never lucky”
“It must be nice to have (insert noun here)”
“There are already too many online businesses, mine wouldn’t be profitable”
If you believe you will never be wealthy, you are guaranteeing that you never will be wealthy.
It’s a self fulfilling prophecy.
People who don’t believe, don’t try. They don’t even give themselves a chance.
It’s also one the greatest causes of lifelong regret.
People who give up before they start will always look back and wonder “what if I would have tried that?”
In it’s most simple form, a Scarcity Mindset is looking at a half-full glass and considering it “half-empty” rather than “half-full”.
What is an “Abundance Mindset”?
An Abundance Mindset is not just the opposite of a Scarcity Mindset.
It is a multi-faceted belief system that can transform the way you operate as a human, friend, significant other, and business owner.
A majority of it is as simple as viewing the world with more optimistic lens, but does it go deeper than that.
It’s willingly seeking and understanding the factual elements of the world.
There can be more profitable businesses in the world than exist in total right now, at this very moment.
Not only is this a great perspective to have, but it is fact.
More people can become financially free than there are right now.
Once again, this is a great mindset to have but it is fact.
A Scarcity Mindset doesn’t just have you thinking negatively, but it actively ignores what is factual.
Want proof of this? Look around you.
Look at how many of the exact same businesses coexist in harmony.
There are 7+ billion people on earth and over 4.5 billion online. You finding success doesn’t mean someone else fails.
The only thing stopping you from what you want most (as long as it’s realistic) is the amount of effort and patience you’re willing to deploy.
People with a scarce mindset hate this because it invalidates their faux excuses.
They want a reason for why they shouldn’t try.
How to Change Your Mindset
It’s different for everyone.
The first step is recognizing that you have a Scarcity Mindset.
The second step is truly understanding the value of an Abundance Mindset as well as the factual elements that back it up.
The third step is unique to every individual.
Like I said, I was this person once upon a time. If I told myself “I’d just fail anyway”, then what was the point in trying?
I only changed this after I experienced the crippling pain of regret.
The idea of turning 75 years old and being upset that I didn’t “take that leap” or “try out that business idea” is my worst nightmare.
I made a promise to myself that when I get to that age I will be able to look back and say that I truly tried everything.
There is no magic spell to make that happen, it really just does take consistent and honest effort.
Find your reason, whether it be based on fear like me or on something else entirely.
You’ll find that once you do, you’ll find yourself winning a bit more often.
Success only comes to those who seek it and believe it’s there for the taking.
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