10 Steps to Develop an Abundance Mindset

10 Steps to Develop an Abundance Mindset
Nicolette Stinson

It is certainly no secret that mindset can radically affect the course of your life. Overwhelming research on mindset shows that the way you think about yourself and the world around you can drastically change the way you learn, how you handle stress, how you create success, your resiliency, and even how your immune system functions.

Stephen Covey coined the term abundance mentality or abundance mindset in his 1989 best-seller, The Seven Habits of Highly Effective People. He defined the term simply as ”a concept in which a person believes there are enough resources and successes to share with others.” He contrasts it with the scarcity mindset (i.e., destructive and unnecessary competition), which is founded on the idea that, if someone else wins or is successful in a situation, that means you lose; not considering the possibility of all parties winning (in some way or another) in a given situation.

Since that time, fostering an abundance mindset has become widely recognized as a beneficial endeavor in personal and spiritual development. The prevailing belief is that creating an abundance mindset allows you to:

  • Live an unlimited, full, and satisfying life
  • Exude happiness despite circumstance
  • Give and receive affections and items of high value with ease
  • Feel plentiful, creative, and inspired
  • Take full advantage of and enjoy new opportunities that come your way
  • Create memorable and meaningful life experiences
  • Feel secure and confident in your life endeavors and create successful outcomes

Executive and Leadership Coach Katia Verresen gives some common examples of how to determine whether your mentality is one of scarcity or abundance in a helpful graph:

(Image Credit)

By understanding the signs and signals of both an abundance and scarcity mindset, you can begin to build awareness about where you might be landing on the spectrum.

Here are 10 ways you can create an abundance mindset in your life today:

1. Become Aware of Your Thoughts

Cultivating mindfulness can help decipher when your thoughts are creating a mindset of scarcity or of abundance. By taking time to notice what type of thoughts are circulating in your head, you can begin to make a conscious effort to shift your thoughts towards abundance.

ACTION: If you find you are getting less than amazing results in any area of life, ask yourself, “Are my thoughts about this based in fear and scarcity?” If so, then ask, “What do I need to do to shift my mindset to abundance?” Write them down or share them with a friend for accountability.

2. Practice Gratitude

Practicing gratitude is one of the most powerful and widely recognized tools for creating abundance and happiness. There are numerous studies on the power of gratitude on well-being. According to Oprah Winfrey, “If you look at what you have in life, you will always have more. If you look at what you don’t …read more
Source: Deepak Chopra  

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