Michael Easter, an expert on scarcity mindsets and author of “Scarcity Brain,” was Tom’s guest on The WealthAbility® Show podcast and shared what he’s learned studying how to live a more abundant life.
You’ll LOVE his three steps for starting to make the shift from scarcity to abundance:
1. Check your habits.If you tend to overdo something — scrolling on your phone, checking your portfolio obsessively, eating or drinking too much — chances are you’ve created a habit that is built on a scarcity loop.
2. Break the scarcity loop.Once you’ve identified a habit that is rooted in scarcity, you can start to make a shift toward abundance. Michael identified three parts to the scarcity loop: opportunity, unpredictable rewards and quick repeatability. Take one of those three parts away, and you’ll be able to change your behavior.
3. Ask the big questions.A true abundance mindset, Michael says, comes from being clear about what makes life meaningful to YOU. In our work at TFW Advisors® we walk people through a practice to define their wealth dream. It is an introspective process that goes beyond money to create a vision for an abundant future.
Want more help creating financial abundance? Schedule a call with us today! The team at TFW Advisors® would be happy to help.