Are you feeling overwhelmed by the pressures of life? Do you feel like there’s never enough time or money, and that you’re running out of both? If so, then you may be experiencing what is commonly referred to as a scarcity mindset. This is an all too common feeling among women! In this blog post, we will discuss how to recognize a scarcity mindset , 4 of the most common signs and how to overcome this with three simple steps.
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What Is a Scarcity Mindset?
A scarcity mindset is when you feel that there is not enough of something available – whether it’s time, money, love, resources or energy – and you begin to believe that everything must be rationed and conserved in order to make it through the day. This mindset can lead to feelings of anxiety, stress, depression and even burnout. It can also lead to decreased productivity as you tend to focus on hoarding your resources instead of using them for greater good.
Four Common Signs Of A Scarcity Mindset
There are quite a few signs of having a scarcity mindset but I want to share 4 of the most common signs that I see among my clients.
The first one is the thought that “ I am not good enough”. This is probably the most common scarcity thought that I see in my practice. When we feel like we aren’t good enough it is reflected in how we live our life. We may tend to criticize or talk negatively about ourselves, withdraw from social situations or struggle with setting boundaries. Many women who don’t feel good enough may also struggle with imposter syndrome which is described as feeling inadequate and as though you don’t belong.
“I never have enough money” is another common symptom related to having a scarcity mindset. This mindset is characterized by a belief that resources are limited and that there will never be enough to go around. As a result they tend to focus on what they lack rather than what they have and oftentimes end up being in debt.
The third most common sign of a scarcity mindset is “I never have enough time”. This mindset is characterized by a belief that time is limited and that there will never be enough hours in the day to accomplish everything that needs to be done. As a result, they tend to focus on what they haven’t accomplished rather than focusing on what they have done and end up adding more and more to their calendar to feel like they are making headway. This vicious cycle of behavior can happen over time and if not addressed, oftentimes this can lead to burnout, anxiety and health problems
“ I do not feel worthy of love or success” is the fourth most common sign I see. This mindset is often driven by the belief that they are not deserving or capable of receiving love or having success and may avoid taking risks or pursuing their dreams. They have a big fear of failure or rejection, and as a result they may settle for less than they deserve in their relationships and in their careers.
How Can I Overcome A Scarcity Mindset?
There are three simple steps you can take in order to overcome your scarcity mindset:
- Acknowledge your feelings and your thought patterns – take some time each day to identify how you’re feeling without judgment or criticism towards yourself or anyone else. Then recognize any scarcity-based thought patterns. Write down what some of your dominating thoughts are around money, relationships, your time, your self-worth and see if any of those thoughts are negative and self-limiting.Some common examples of scarcity-based thoughts are “I am not good enough” or “I am not worthy of (fill in the blank)” or “I never have enough time” or “I am not good with money”. These are limiting beliefs that are not serving you and in order to break the cycle of these thought patterns it is really important to first acknowledge which thoughts are not serving you.
- After you have uncovered your scarcity-based thoughts and written them down, the second step is to make a conscious effort to replace your negative thoughts with new thoughts that are centered around growth and abundance. So review the list that you made of your scarcity-based thoughts and next to each one you want to write down an empowering thought to replace it with. Let me give you a couple of examples. For the thought “I am not good with money” you could replace that thought with “I am now responsible with my money” or for the thought “I never have enough time” you could replace that thought with “ I have all the time that I need”. By simply replacing your old thought patterns with new empowering thoughts you can reprogram your thinking to focus on abundance rather than on scarcity.
- The third step in the process of overcoming a scarcity mindset is to practice, practice, practice. Each time you notice an old thought pattern creeping in, acknowledge and recognize the thoughts that are limiting you and replace the thoughts with new empowering thoughts. If it helps to put reminders on your phone of your new thoughts or write them down in your journal or on post-it notes, I recommend doing this to help you remember.
A scarcity mindset can cause an immense amount of stress, anxiety, and worry if left unchecked.
However, by identifying and challenging your limiting beliefs and changing your outlook from fear and lack to one of abundance, you can shift your perspective towards focusing on possibility and growth. Also, ensure that you practice self-compassion every step of the way and if you feel you need support seek out a friend or a coach who can help you through this process. It is important to remember that overcoming a scarcity mindset is a continual process, and it takes time and effort to develop new habits and ways of thinking. However, with perseverance, practice, and a commitment to personal growth, you can transform your mindset and as a result, live a more abundant life.