PREVIOUS : Prosperity Mind,  #1

SITE : Prosperity tools / workshops….via tech

BOOKS re PROSPERITY MINDSET (by Randy Gage)

 

SHIFT Scarcity Mindset to ABUNDANCE (cont)
1. Identify Scarcity Beliefs
2. Define what abundance means to you

3. Set personal goals
Give yourself something to aim for. Is it the trip of a lifetime, or paying down credit cards? Going back to school to earn a degree to get a better paying job or new career?  Buying your first home, or moving to a new city?
Write down what actions you’d have to take to achieve specific goals, & find out how much money you’d need to save to realize them.

4. Create a realistic budget
Budgeting may sound like the penny-pinching opposite of abundance, but it’s simply a plan for directing money toward your goals. If you have enough to meet your financial needs – & some left over – consider yourself fortunate.
Actually seeing this outline on paper can help to let go of some fears you may be holding on to about not having enough.
On the other hand, if money is tight & you’re living paycheck to paycheck, creating a budget can motivate you to look for ways to cut out money drains, to find positive ways to supplement your income & to make the most of what you have to work with.

5. Start saving money
Prioritizing saving can encourage an attitude of abundance. It can mean building a 6 month emergency fund, or starting to save more for retirement. Automating your savings makes it easier to do. EXP : Set up a transfer to an emergency high-yield savings account each pay period, & have pre-tax retirement contributions taken out of your paycheck automatically  (at least up to your company match).

6. Take micro-actions that feel “abundant”
Building small steps into your budget toward some of your goals & aspirations can help build momentum towards sense of abundance. & eliminate feeling guilty about spending.
EXP : If you want to save for a down payment on a house, start window shopping ‘new starters or fixer-uppers’ in your area. If your goal is to travel more, research short-term or budget vacation options. Rather than thinking, “I’ll never be able to afford XYZ,” imagine living the abundant life, & nurture that feeling. Then you’ll be able  expand your choices !

7. Practice gratitude
Evidence shows that keeping a gratitude journal can help you sleep better, reduce stress, & improve interpersonal relationships.

8. Be generous
Research suggests spending money or time helping others makes us happier than when we spent it on ourself. Giving builds connections, expands your network of resources & support, ultimately increasing your overall sense of abundance & personal fulfillment. EXP : Donate to a charitable cause. Volunteer your time & resources to a local non-profit. Mentor a co-worker or offer to tutor an at-risk teen for free…..

9. Flip the script
Turn a scarcity mindset around by asking, “How can I make ABC attainable by XYZ time?” EXP : If you want to grow your retirement savings, look for ways to put more money away. Would you consider stashing all of next year’s tax refund in a high-yield savings account – & actually do it?
Instead of focusing only on what’s stressful about the situation – expand your thinking by looking for more options, which could help to find new solutions to old problems.

10. Seek expert financial advice
A certified financial planner can help identify your financial goals & the right steps to reach them. At their best they’re all about growth & possibilities, so their abundance mindset can be contagious.
If you’re struggling to make ends meet or dealing with high-interest debt, getting the advice of a reputable advisor – who will have your best interests in mind – may encourage you to get control of your finances & lessen your feeling of scarcity.
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