What you should know about the Abundance Concept

The theory behind the abundance concept was first introduced by Stephen Covey and according to Covey, most people are living with a scarcity mindset. However, the abundance mindset focuses its attention to what you already have and all that possibilities that are available to everyone in the world.

There’s validity to the point that your mindset can change the outcome of something as well as that it can change your life. The way you think about yourself and the world around you, directly correlates how you interact with the world, the approaches you take and how you handle stress or unforeseen circumstances. It can affect how you go after success or how resilient you are. It can even affect how your immune system performs.

The abundance concept as defined by Stephen Covey in his book ” The Seven Habits of Highly Effective People” indicates that when a person believes there are enough resources and successes to share with others they don’t want for much or anything at all. The challenge however is that not everyone has this outlook.

Which means that if you don’t have an abundance mindset – in which you see the world with unlimited possibilities and opportunities – that scarcity mentality dictates you believe that if someone else wins, you have already lost.

But here’s the thing, when you come and live from a pace of abundance you are not only grateful for what you have, but for the things to come as well as actively follow new opportunities in every area of your life while giving to others without restraint.

And if you find yourself with a scarcity mindset know that you can change that if you are open to the idea and willing to do the work. It took me a long time to understand the difference between the scarcity and abundance mindsets.

If you have an Abundance mindset, you…

  • Live an unlimited, full, and satisfying life
  • Are happy most of the time
  • Able to give and receive affections, praise, and items with ease
  • Feel grateful foe what you have
  • Feel creative and inspired
  • Create meaningful life experiences
  • Are secure and confident in life endeavors
  • Create successful outcomes
  • Take advantage of opportunities and enjoy new ones that come your way
  • You have a point of view of being in control of your life
  • Your physical energy is relaxed, alert, confident
  • Feel and know you always have choices
  • Have a long-term plan for finances and life
  • Always have enough for today and the future
  • Dream big and think big
  • a lifelong learner, always ready to educate and learn something new?
  • Are sincere and congratulate others on their successes
  • Enjoy challenges and embrace change
  • Have a “cup is half full” or fuller attitude
  • Take risks that allow you to obtain your version of abundance

If you have a Scarcity mindset,

  • Your viewpoint is as a victim, bully, or one of uncaring or indifference.
  • You’re often tense, have clenched jaws, or short of breath.
  • You’re often confused, disorganized, overwhelmed, angry, or feel powerless.
  • You focus on what’s not working.
  • You believe you don’t have enough, and you’ll never have enough.
  • You are sad and live unfulfilled life.
  • You incur debt to get an unneeded want.
  • You have a fixed mindset where you don’t take risks or think out of the box.
  • You fear the unknown keeps you from trying new things.
  • You have low self-esteem, no confidence and rarely take chance.
  • You have a “nothing good will come from it” attitude.
  • You focus on the present, immediate needs.
  • You live from paycheck to paycheck with little savings.
  • You tend to be self-absorbed, a taker, and jealous of others and what they have.

The concept of abundance, or the theory behind abundance mindset, then is one of believing there is always enough for you and everyone else, that by taking risks and growing in all ways you win and succeed in life.

I can tell you that for the longest part of my life, I was playing the victim and blaming my parents for what I perceived to be a shitty life. I was angry at everything and everyone, broke all the time, unhappy, living from paycheck to paycheck and just annoyed at all the things that have happened in my life.

When I started to do the inner work due to a drastic event in my life (the day my son was diagnosed with a rare genetic disorder), I realized that how I looked at life was a huge part of not having the life I wanted. The journey has been far from easy but the moment I started rewriting my story and reclaimed my own power and took control, slowly things shifted. I am no longer angry, nor broke all the time.

Instead, I find myself dancing at random times, feeling grateful for all things no matter how big or small and I am always up for a challenge – like what can I get done in 30 days (or less).

Part of the journey in tapping into the abundance concept is to set goals because it’s in that space where you get to challenge yourself and tap into your own core – if you’re committed, change will happen – if you don’t show up for it, everything will stay the same.

The “From Thought to Action” Challenge is here to help you go from just thinking about it… It’s here to help you have clarity, focus for consistent action and when you’re stuck and need – just let me know in the questions section and I will reply with some ideas, thoughts and suggestions!

Ready to create change?

Join me for 30-days to work on one goal and take consistent action for 30-days!

About the author

Petra Monaco is an artist, author, and professional problem solver for creatives, rebels, and multi-passionates.

She is here to help you remove frustration from your life and achieve your creative dreams with more ease and confidence.