Episode #21 Abundance Vs. Scarcity Mindset

 

Show Notes: Episode #21 Scarcity vs. Abundance Mindset                                                                                                                                Welcome to the Monday mindset edition of the Real Estate Investing Made Simple Podcast.  In today’s episode, I talk about the difference between an abundance vs scarcity mindset.  Tune in to hear my thoughts.

 


Podcast Transcription: 

Introduction 0:02
Welcome to The Real Estate Investing Made Simple podcast, the show empowering and educating people on how they can grow, manage and protect their wealth through real estate investing. Now, here’s your host, Bailey Kramer.

Bailey Kramer 0:22
Hello, and welcome back to the real estate investing Made Simple podcast. I’m your host, Bailey Kramer. And this is the mindset Monday edition, where instead of talking about real estate, I talk about a mindset principle that you can apply to your life. Today, I’m going to talk about the difference between an abundance mindset and a scarcity mindset. An abundance mindset refers to the paradigm that there’s plenty out there for everybody, meaning the pie is big enough for everyone.

Some characteristics of someone with an abundance mindset are the following. They are grateful. They want others to succeed. They compliment others, they exclude joy. scarcity mindset is a belief that there will never be enough, whether it’s food, money, or anything they desire. Some characteristics of someone with a scarcity mindset are the following. they criticize others. They take all the credit other victories, they secretly hope others fail, and they talk about other people. Let me give you an example. And I will explain how they embody either an abundance mindset or scarcity mindset. In the real estate investing industry, the top leaders give out so much free content and advice. They will tell you what markets they like. They will give you calculators to analyze the deal. They will tell you what neighborhoods they like it and I can go on and on. I’m just naming a few examples that I have received from top experts in the real estate industry. So are these people giving away the best kept secrets? And the answer is that they have an abundance mindset. Their view is that the pie is big enough. There are plenty of opportunities for everyone to acquire properties and reach their goals. And as a result, people within a bundle mindset are givers. They give, give, give, because they know that the more they give, the better they live. Because again, in the abundance mindset, that it’s not about concrete all the real estate in the United States, there are plenty of properties and plenty of money to be made by all. Now let me show you what a scarcity mindset looks like. Using the same example from above. Real estate investors who have a scarcity mindset, basically think the complete opposite from those with an abundance mindset. They view their knowledge as top secret information that if they got out other people would ruin their entire business. They view the world and their business as scarce. And there are only so many deals to be made properties to be bought. They don’t give to others because they don’t think the pie is big enough. So now that we understand the difference between the two mindsets, think about your mindset right now. And I just want to say this one year ago from today, I had a scarcity mindset. I think a scarcity mindset is a natural way to think about things. But after hearing many successful people giving give, I realized my mindset started to shift. So where’s your mindset right now? It’s totally okay. If in this moment you have a scarcity mindset. And if that’s the case, I highly recommend re listening to this podcast, or simply just looking up on YouTube abundance for a scarcity mindset. I can tell you from my experience giving is living, and it all starts with the mindset shift from scarcity to abundance.

Outro 3:33
Thank you for listening to the Real Estate Investing Made Simple podcast. For more resources or to connect with us further, please visit our website, http://www.Baileykramer.com. We’ll see you next time.