When you have a scarcity mindset, you’re in a state of mind where all you can focus on is getting something which you don’t have (or desperately feel like you need). In fact, you feel the absence of that thing so much that attaining it consumes your every thought.
It could be money, sex, a new car, a girlfriend, the latest iPhone…
When you are in a state of scarcity mindset, you block out other needs and desires, and your ability to think clearly and make decisions is impaired. Scarcity mindset blocks happiness and enjoyment because you’re unable to focus on positive emotions until the missing part of your life is filled.
If a Norse Jarl was worried about being extremely poor, and perhaps worried that his poverty put his position at risk, he might be consumed by the single desire to raid Christian monasteries. He’ll panic and fluster and scream at his men and act irrational, working on nothing other than putting together a band of warriors to go Viking.
However, by losing his full vision and not thinking strategically, he will probably miss the rival Jarl in a neighbouring territory creating alliances through marriage, slowly building in strength until he can usurp the Jarl stuck in scarcity mindset.
Scarcity mindset makes you dumb. It makes you ineffective, and it can seriously ruin your chances of becoming King.
I want to explore how scarcity of resources (money, cars, possessions) can seriously affect your happiness and ability to think clearly and more importantly, how to make changes in your mindset to avoid scarcity mindset and gain an abundance mindset.