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Business Digest July 16, 2021

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On BU$I₦£$$ DIG£$T this morning, July 16, 2021

*Money Making Mindset* Part-5

Scarcity Mindset vs Abundance Mindset

Do you live in an abundant, expansive universe? Or do you live in a world of fierce competition for scarce resources?

When we talk about money mindset, it really comes down to these two belief systems.

A scarcity mindset looks something like this:

You are always scrambling to make a few bucks or wondering how to earn more money. You stress about paying the bills, complain about paying taxes, and resist giving anything away. You scrimp and save yet somehow you never have enough cash leftover for a nice dinner, date night, or a movie. Whether you are making minimum wage or a competitive salary, you have a “broke” mentality and it never quite feels like enough.

Scarcity beliefs about money sound like this:

¶I am not good with money.
¶Someone else will take care of this for me.
¶People with money are greedy.
¶I am not smart/talented/privileged/etc.) enough.

An abundance mindset looks like this:

You appreciate what you have, whether it’s pennies in your pocket or a private jet and enjoy being generous with others.
You have confidence in your ability to make and receive money.

You know there is always enough, and there will always be more. You enjoy sharing the wealth and don’t fret over bills or unexpected expenses.

An abundance mindset sounds like this:

¶I love learning about money.
¶I can take charge of my finances.
¶Money gives people the opportunity to contribute to others and make a powerful impact.
¶I am always enough just the way I am.

Whether or not you are operating from an abundance mindset right now, remember — mindset is malleable.

When you know where your beliefs came from, you can change them.

_If you learnt anything from this, kindly share with someone out there._
_*Dr. Emmanuel Idenyi Shaibu*_
_animn, ace, f.hcd, f.dss, m.frcn, fimc, cmc, cms, FAiPA, DPA, ACCrFE_
The Millennium Entrepreneur

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About the author

Emmanuel Idenyi Shaibu Esq. (f.hcd)

Emmanuel Idenyi-Shaibu Esq. is known as The Millennium Entrepreneur. A well sought Public Speaker and Trainer in Strategic Business Re-positioning, is a graduate Of Marketing, Global Consumer Marketing, Financial Management, a Chartered Marketer, Chartered Economist, Chartered Human Capital Development expert, Seasoned banking professional, an Entrepreneur, Investor and Business Owner. He is married to one female wife and blessed with lovely and lively children.

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