How do you think about money? Read each question and pick the answer that most closely resembles the way that you think.
1) My friend lands a new job that pays a lot more than money than my job does, and it has amazing benefits, including 4 weeks of vacation.
- I feel very excited for my friend and congratulate them.
- I feel jealous, angry, and wonder how they get all the luck.
2) There is enough money in the world for everyone to be fabulously rich.
3) I just bought a new couch. Now the Boy Scouts are knocking at my door for $25 to help them get to summer camp.
- I will give because I have plenty and I admire these Scouts for putting forth the effort to build character through fund raising.
- I can barely feed my kids and that new couch was purchased on credit so I am now under a mountain of debt.
4) The news reports that the economy is in a recession, unemployment is at an all time high, and property values are down.
- I thank God for the blessings I enjoy and look for opportunities to create value for others.
- I feel scared, worry that I might lose my job and my house, and I stop spending money however possible.
5) I am poor. I barely have enough to make ends meet.
6) I am very richly blessed and wealthy.
7) I have thousands of dollars of debt.
- Some of those debts were good investments and know there is a way for me to take responsibility of my bad choices and get out of debt.
- I have nothing to show for all of my spending and I have no hope of ever getting out of debt. Bankruptcy looks very appealing.
8 ) I am eating a bag of my favorite snacks. My child comes into the room, sees what I am eating and asks for some.
- Sure you can have some. I love to share my snacks with you.
- No! These are mine snacks.
9) I am driving on the highway. Someone turns on their blinker indicating a desire to move in front of me.
- I wave them in, thinking, “there is plenty of road for everyone”.
- I speed up and give them a dirty look. My road! Mine!
In case you did not already figure it out, all the “A” answers indicate a mentality of “abundance” and all of the “B” answers indicate a mentality of “scarcity”.
We are what we think.
Scarcity is the mentality of a child. Many of us do not grow out of it, for many number of reasons. Most often we learn to stay in the scarcity mindset by example.
How do I fix a mentality of scarcity?
Scarcity is an addiction. We handle this addiction in much the same way that we handle any other addiction. The first steps are:
1 – Recognize that you have a scarcity mentality.
2 – Admit to yourself that you have a scarcity mentality.
3 – Admit to you spouse or someone significant in your life who can help to hold you accountable.
Which mentality do you have? And why?