The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

Abundance Mindset vs. Scarcity Mindset

Remove ads while supporting the Unscripted philosophy...become an INSIDER.


Bronze Contributor
Read Millionaire Fastlane
Speedway Pass
Mar 15, 2019
Los Angeles, CA

Elbert Dockery posted this before, but I wanted to bring this concept up again because I think it is crucial for entrepreneurs to understand.

Part of the journey of an entrepreneur involves taking risks and making calculated decisions that require patience. When you're operating out of a scarcity mindset, it clouds your judgement. Additionally, it kills your motivation to take necessary action à la analysis paralysis. This has found itself to be true in my life - a lot of times I will take on a pessimistic perspective, look at the glass as half empty, and think there "aren't enough opportunities", which in turn causes me to miss opportunities. When I start to look at life as full of opportunities, more of them start to open up in front of me. Life begins to operate sort of like a self-fulfilling prophecy.

As for creating an abundance mindset, it puts you in a better position to make tough decisions that require patience, and helps you trust the process. You start to look at things with a glass half full mentality that fuels your life, and ultimately you start to feel more grateful.

Like Stefan says in the video, these ideas are applicable to pretty much all areas of life: business, relationships, etc.

What are your thoughts on this?

Don't like ads? Remove them while supporting the forum. Subscribe.

Last edited:

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Sponsored Offers

  • Sticky
MARKETPLACE Kill Bigger Incubator
Hey @Cruiser I just shot you a reply! Amazing product BTW!
  • Sticky
MARKETPLACE Fox's Web Design Guide: Earn $100K this year (Yes, 2020!) and Go Fastlane
I'm thinking about joining the program. How is it like joining from Asia (Japan specifically)...
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
Well, we made it halfway through the year. Don't know what the rest'll bring, but it's gonna be...
  • Sticky
FEATURED! Introducing... WEALTH EXPO$ED, A Short Story By MJ DeMarco
Not really a teaser but it does employ a fictional story, so that is similiar. This upcoming...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Dropping a quick note in here to say... if you are on TFL, you are part of an elite group of...

Forum Sponsor


New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom