Mind-sets are based on our beliefs. Our beliefs about ourselves and the world. These beliefs are created in two ways. Firstly by what we are taught when we are young and easily impressed and secondly by the experiences and results we have, see and observe in everyday life.
Research across many disciplines including physics, neurology, psychology and education have shown that your mind-set is formed by the combined interaction of habitual thoughts and the corresponding images and emotions they illicit. More importantly it appears that once your thoughts and emotions have become habitual, they form a neural network that keeps the mind-set habitually in place. Keeping you, literally, on automatic.
Your mind-set and its associated neural network will continue developing and become stronger the more you REPEAT and PRACTICE the mind-set. The more habitual your thoughts, the stronger the neural network. The stronger the neural network, the stronger the mind-set regardless of whether your thoughts are positive OR negative.
If you are locked into a negative mind-set about something then you are likely to keep repeating to yourself the negative self-talk surrounding it and to continue to ‘see’ things a certain way. This becomes self-fulfilling until you totally believe it. On the other hand if you have a positive mind-set regarding something then this is usually reinforced also. In effect we see what we want to see. Hear what we want to hear and ultimately BE what we think we should be. Whatever we believe, we tend to prove yourself right – over and over again.
This is an offshoot of the fear of not having enough of anything. This fear can easily become the thought I have to have it now, which is endemic to the Scarcity Loop, making you feel incomplete without the object of temptation. Let me show you how this looks in the Scarcity Loop:
The obvious way to break this cycle is to stop shopping or spending money on things you don’t need. But for most people, restraining oneself from spending feels like punishment or deprivation and is counterproductive to developing an abundance mentality. Even if you cut up your credit card, you can’t change your habits until you are willing to change the beliefs you have about that situation in the first place.
“I dare you to believe that you can be financially free and that you can be rich.”
If you have a scarcity mind-set, then refraining from spending feels like torture, like being on a crash diet over Christmas. The intention is not for you to build wealth at the expense of your happiness. Instead of pain, feel both financially and spiritually fulfilled. This is only possible when you shift your awareness away from what you lack and focus instead on what you have—this is an abundance mentality.
When the running script in your mind is I have enough, then you feel more at peace. Even when your ego is tugging at you to acquire more stuff, you feel convinced and empowered so that you recognize that you truly don’t need it. You have enough. The more you can hold off on spending today, the more money you will have available for the future. You can buy a pair of boots now or invest that pay check and generate passive income to buy two pairs later. You will come to understand that the route to and abundance mentality and financial security is not meant to be laden with guilt and deprivation.
In fact, feelings of guilt and deprivation are symptomatic of the Scarcity Loop. When you feel you don’t have enough, you look externally to ease that sense of inadequacy. Although upgrading your living situation feels good at the moment, that happiness doesn’t last, so you will be tempted to take another dose of “inadequacy relief.”
Eventually, you will realize that the long-lasting solution doesn’t lie outside of you and it cannot be purchased, won, or earned. You actually have the treasure box inside of you right now, a healthy financial future, and all you need to unlock it is to shift into an abundance mentality and change your perspective from what you lack to what you have. The loop then begins not with lack but with gratitude.
This loop represents a balanced approach to achieving financial security, and it starts with embracing the wealth you already have. No matter how little you feel you have today, if you have the means to purchase and read this, you have more than you think.
To help you with this, do a simple visualisation. Take a moment to clear your mind and relax. Take a couple of slow, deep breaths. Now imagine that the company you work for has shut down and you are out of a job. Imagine that every dollar you have in the bank is now gone; and you lost your home, your car, and all your belongings. Then imagine that you lost your partner, your family, your friends, and your pets; and you also had to move from your community. And just for the sake of this exercise, let’s keep going and imagine that you have also lost your health, your limbs, your sight, your hearing, your speech, and your ability to read, write, smell, and taste.
How do you feel? How hard would you work to try to get back everything you had lost? Now, shake your head and clear your mind of these tragic thoughts of loss and despair. You haven’t lost all these things, maybe a few, but still you have an abundance of things to be thankful for, right at your fingertips. Can you believe the abundance you have right now?
When you think about balancing work, children, marriage, friends, church, personal well-being, and finances, how does that make you feel? If you’re like most people, you’re probably feeling a bit overwhelmed. When you believe you have to do it all and you have to do it all right now, you feel squeezed for time. This pressure to optimize your time puts you in task mode and you try to juggle it all, very often by trying to multitask. But studies have shown that only 3% of the population can actually multitask efficiently. The rest of us are better off focusing on one task at a time.
By shifting from fear of not having enough time to gratitude for the time you have, your mind becomes more relaxed and can focus on the task at hand. You do the job well and feel good about completing something to the best of your ability. If the task includes another person, then sharing quality time with that person instead of juggling e-mails and texts will result in a stronger relationship. Positive reinforcement supports you to continue operating in and abundance mentality, firmly in the Abundance Loop.
Money is the root of all evil. This is not exactly the wording from the famous phrase in the Bible, but it is the wording that many of us have internalized. The original phrase was more like, “For the love of money is the root of all evil,” depending on the translation you might refer to.
Keep coming back to ways to build your awareness about how this works, because only by truly understanding and questioning what you hold to be true can you break through blocks that keep you from flowing into an abundance mentality and the Abundance Loop. If this is an issue for you, try the following statement as your new thought pattern.
I am thankful for money. See how this simple statement is a much more positive way to look at money in general?