Accounting & Finance
Do You Have a Poverty Mentality?
Are you suffering from a poverty mentality?
If so, it’s holding you back from living a full and happy life. A poor mindset will stop you from reaching your full potential in your job and career.
When you’ve got a poverty mentality, your mindset is fixed on a solid belief that everything is hard to get, i.e., it’s challenging to make money, get ahead in a career, make friends, and so on. Everything in life is a struggle or an uphill battle.
But guess what? You can change your mindset. You are in control, and with know-how and practice, you can re-engineer how you think.
With a mindset driven by fear, there can be no comfort or contentment in your life, which is no way to live.
Life is not a rehearsal, so there isn’t a second to lose. It’s hard to be happy with a positive mindset when there is a lot of negative news and headlines about global events like wars, shootings, and pessimistic economic outlook. However, you can choose to switch off from news sites.
You want to spend your time reframing your poverty mindset, so you have thoughts of abundance and hope. Let’s look at the traits of a poverty mindset and how to get out of poverty mentality. YOu will need to train yourself to think differently about life and what you really want from it.
Do you have some of these common characteristics of a poverty mentality?
- Feeling guilty as soon as you buy something
- Being constantly worried about money or thinking about it often
- Having a strong dislike of ‘rich’ people, yet wanting to be just like them
- Making decisions based on fear
- Thinking small rather than thinking big
With a poverty mentality, you set yourself up to fail. Your decision-making is poor, so the outcomes are limiting. For example, fear will instill a lack of confidence, and your goals will be inadequate if you even set them. We are all conditioned and learn our behavior from people close to us. We are very impressionable when we are young and believe what we know from our family, educators, and friends.
Over time we form our own opinions and seek input from more comprehensive sources, including the workplace, social and sporting activities, and other cultures when we travel abroad.
A poverty mentality is also commonly found in people who have experienced poverty in childhood. We know it is a barrier to enjoying happiness and financial security, but fear stops us from reaching out to learn new behavior.
Being consciously aware that you need to change how you think is the starting point, so well done! Now you can take steps to turn your negative thoughts around, so you can set far-reaching yet achievable goals, have confidence in your decision-making, and enjoy life.
To form a new habit you need to give yourself time, anything from 18 days to a few months. On average, you’ll need a couple of months of daily practice to make your new habit second nature to you.
When you start out, you’ll be consciously aware you’re thinking differently about money and success, and then, in time, the habit will be formed insofar as you’ll be unconsciously aware you’re thinking and acting in a new way.
An abundance mindset believes there’s plenty of everything for everyone and lots of time to get it. We are what we believe. Therefore when we know we are full of energy, love, inspiration, and desire, no one can say otherwise. Self-belief in our abilities to make money, invest wisely, and empower and support others overrides everything. This is where you need to get in your mindset to have an abundance mentality.
Learn from people who have the mindset you want. Mix in the same social circles with like-minded people. Read books, quotes, watch videos, and continue to seek out reaffirming input that keeps you on the right path. Remember, we don’t plan to fail. We fail to plan.
Once you have gotten your abundance mindset, ongoing challenges in life will pull you back to your old way of thinking.
Acknowledge yourself every time fear creeps in and attempts to sway your positive attitude. Stop negative thoughts immediately and reframe them with your abundance mindset.
Poverty Mindset At Work
Let’s now look at how you can quash your poor mentality in your job, business, and career.
Many people believe that they have to work hard to achieve success. But there are other ways to succeed without working too hard.
The idea that we need to work hard for our success is deeply ingrained in many cultures. It’s also reinforced by the media, which often portrays successful people as having worked long hours and sacrificed much of their free time.
Overcome The Poverty Mindset At Work
To get beyond your poor mindset, start believing that not everyone has to work hard to succeed. Second, apply it to you – think about how you’ve been able to achieve despite facing challenges. Third, consider what you might do differently next time. Finally, make sure you’re doing something positive every day.
Be willing to take risks
You don’t have to work hard to succeed; sometimes, you just have to take risks. In fact, taking risks is one of the keys to achieving success.
Learn from mistakes
It’s easy to think that mistakes are bad things, but they are opportunities to learn. If you make a mistake, ask yourself the following questions:
- What did you learn from it?
- Did you find out something new?
- Was it an opportunity to try something new?
- Or was it simply a reminder that you need to do better next time?
Don’t compare yourself to others
There are so many different paths to success. And while some people will tell you that you should strive to be like them, others will say that you shouldn’t compare yourself to anyone else. Instead, focus on what you have control over.
Focus on the future
If you’re focused on the past, you’ll never move forward. You need to think about the future. What do you want to accomplish? How can you make things better?
In today’s world, poverty is not only an economic issue but also a psychological one. It affects people’s mindset and behavior. To overcome your poverty mentality take every opportunity to learn new skills and develop new habits.
Set yourself up to succeed by taking risks, learning from mistakes, and thinking positively – there is a saying you get what you ask for – ask for what you want all the time.
Spend a few minutes daily asking yourself what you want in your life and career. Plus, focus on the future – what is to come, not what has happened – leave that behind you.