Shifting from a Broke Mindset to Abundance: Embracing Wealth and Success

Photo by Nik on Unsplash

Being broke is a mindset.

We often hear people lamenting how broke they are even though they do not live up to the dictionary definition of it, “Broke, informal adjective: having completely run out of money,” (Oxford Languages.)

The broke mindset is synonymous with the “poverty mindset.” This is the perspective of the world in which there are very limited opportunities for income, money should not be spent, success is not dependable and others are to blame for one’s position in life.

In this mindset, people tend to hold tightly to one source of income that has proven to be reliable, even if there are better opportunities around them. In the same way, they hold on tightly to the same possessions, people and places that confirm their beliefs.

Instead of focusing on the negative perspective of wealth, focus on the positive, on abundance.

In this world we have people that make millions and billions of dollars every year, why can’t we make a healthy fraction of that in our own lives?

Do not convince yourself that these billionaires are only rich because they had better luck than you, learn from what they have done so that you can propel yourself into their ranks.

Search your soul for an idea that can add value to other people, and grow it into the next million-dollar idea! Reach out into the world and accept the abundance that is waiting for you.

Many of us are taught the poverty mindset by our parents. We confuse frugality with being broke. Being frugal can pour extra fuel into your business idea while being broke will keep your business chained to the ground.

“Frugal, adjective: careful about spending money or using things when you do not need to” (Brittanica)

You can be broke and still not be frugal, but you can be rich and still be incredibly frugal.

If you avoid spending money because you are afraid that you will never earn that money back and therefore decide to buy the cheapest version of what you need, that is a broke mentality.

If you spend money after researching the most cost-effective item for what you need by balancing cost with longevity, such as buying a reliable car from a reliable brand rather than the cheapest car available, that is frugality.

The same goes for debts. If you constantly avoid your debts and blame other circumstances for why you cannot afford to pay them, that is being broke.

If you face your debts, develop a plan, pay the minimums (and a bit more), that is living with an abundance mentality.

Maybe you started with the broke mindset, but you do not have to stay there forever.

Study the rich, learn from their successes and failures, and move into a life of abundance.

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