Do you think there is enough money in the world for everyone to be happy and content? Do you have grace for every dollar you receive?
To become wealthy and ensure the well-being of your bloodline, you’ll need to have a great relationship with money.
Unfortunately, most of us start with a terrible relationship with money because of our childhood memories.
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The scarcity mindset. If you didn’t grow up with a lot of money, your parents probably had a scarcity mindset.
The scarcity mindset is perhaps the most dangerous perspective of them all. It states that a finite amount of resources are available, and we must all fight for them.
The scarcity mindset shows its face at work and home. Have you ever had a competitor at work who fights with you over a promotion?
That’s the scarcity mindset at play. People fear changing careers because they fear the unknown; the scarcity mindset gets them.
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Growth and fixed mindsets. The scarcity mindset is closely related to a fixed mindset from the book “Mindset.” The fixed mindset believes that we are born with all the intelligence and abilities we can obtain.
It believes nothing can improve our status, abilities, skills, and social level. The scarcity mindset is even worse because it creates a victim mentality.
If there are only limited resources (money, colleges, job positions), those with access to these things must be bad or doing something illicit.
Building an abundance mindset. Overcoming our childhood fears and anxieties will be tough. Our parents teach us to go to college, get a government job, and climb the corporate ladder slowly. They teach us to work for money.
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Working for money only works in the short run. You’ll need to expand your income pool to survive in this high-speed world truly.
You’ll need to build an abundance mindset where you can see money everywhere. It took me almost two years and 100+ books to build this mindset.
Releasing my first book in January 2021 was a turning point. It was even better when I made $3 that month in Amazon royalties.
The best way to build a relationship with money is to read about and understand how money works. Here are some great books to get you started.
As you read about your money habits, you will see a change in your relationships—money and otherwise.
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That’s right; an abundance mindset carries over into all aspects of your life. You’ll loosen control of your marriage and children. You can breathe again.
My conversion from scarcity to abundance. I was a straight “A” student all through high school. I joined the Marines because I wanted a challenge (and no student debt).
My oldest son wasn’t a straight “A” student, and I could never understand why. I was hard on him because I wanted him to be successful in the real world like me.
As I read books, I understand a different version of the world. Why must my son be the top student and employee if I am here to help?
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Most of us work hard for money to pay for a house. My son already has a house. Why does he need to climb the corporate ladder at all costs if I exist in this world?
Getting rich is a team sport; we can do it together. The scarcity mindset pushes our kids out of the house so we can keep our limited resources to ourselves. Scary.
Losing friends. As you build your abundance mindset, you will begin to lose friends. They would rather discard your friendship than change their mindset.
But that is okay. I have lost more friendships than I care to remember, but there is always someone new to befriend.
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The problem with friendships is that everybody “wants.” They want to generate passive income from dividends, royalties, real estate, and business.
However, these endeavors require education, hard work, and experience. You will face many trials and errors along the way—stumbling blocks.
The scarcity mindset keeps your friends in a very small box. You have broken out of the box and are enjoying the fruits of your labor.
They want to be debt-free and stress-free. They want to travel the world with their family on passive income. They want to retire early.
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Continuing your journey. You must constantly fight the scarcity mindset because it always shows its face.
You’ll hear from it when you change careers, create content, or run low on your emergency fund.
But you can talk yourself back to your abundance mindset because you’ll have the experience and confidence to overcome.
My scarcity mindset comes back when multiple financial events happen at once. Then I remembered that God always had my back, and I could overcome.
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Plus, I have cash flow, an emergency fund, and the brains to deal with any situation. Life is too wonderful to worry over a couple thousand dollars.
Conclusion. I have lost many friends over the scarcity mindset. They still fear life like they are in high school.
Many people refuse to read books and invest money because of their poor high school performance. If this is you, it’s okay to take it slow.
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No one says you must build an abundance mindset overnight. The best way to start your journey is to create something every day.
This can be a poem, photo gallery, drawing, painting, podcast, etc. As you create, your mind will eventually start to compound and grow.
You’ll have new ideas to create something different and fresh. This is when you will realize you can do anything you want in this life. This is the abundance mindset. Good Luck!
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Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. All Right Reserved Military Family Investing
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