Abundance Mentality vs Scarcity Mindset—100 Mental Models #100 👽

Tom Chanter
Aug 29 · 1 min read
Photo by Elaine Casap on Unsplash

An abundance mentality sees there are enough resources and successes to share with others. A scarcity mindset thinks that if someone else is successful it means you lose.

Example:

Imagine you’re a lawyer who just graduated law school. With a scarcity mindset, you will see your graduating classmates only as competition for the legal work available in your city. You will not want to work with them.

But with an abundance mindset, you will recognise that there is likely a growing amount of legal work in your city, and if not, there is definitely more legal work available in nearby cities. You will see your graduating classmates as resources, who can help you deliver a better legal service, and whom you can help. While your portion of the business profits will be smaller, the overall businesses profits will be larger — and you will make more money.

Wisdom:

“Let not your mind run on what you lack as much as on what you have already.” — Marcus Aurelius

Read more.

Tom Chanter

Written by

Stories on remarkable yet unorthodox people. https://mailchi.mp/7ad78a7a39b3/unorthodox

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade