shift their focus from lack to abundance, and create a sense of purpose and meaning in theirlives.Moreover, individuals can overcome the scarcity mindset by developing a growth mindset. Thismeans viewing challenges and setbacks as opportunities for growth and learning rather thanfailures. It ...
A Scarcity Mindset Leads to Poor Decision Making While it may seem counter intuitive, when we have very little of something, we sometimes make choices that impair that precious resource even FURTHER – often by choosing to gain some of it in the short term, which inevitably steals away even...
Our goal of living an abundant and happy life with all our creative and financial needs met is why we work so hard every day. When working harder and longer hours isn’t being reflected back to us in our bank balance, we need to look at our mindset about money. Abundance, or lack th...
An important aspect of this “scarcity mindset” is a strong focus on the immediate outcomes of one’s decisions and actions (Haushofer & Fehr, 2014). In the present research, we aim to show experimentally that financial scarcity increases temporal discounting of gains and losses. 1.1. ...
However, individuals enter a financial equilibrium mindset when they perceive they have barely an adequate amount of monetary resources to meet their monthly daily expenses (they just get by), and they enter a financial abundance mindset when they perceive they have more monetary resources than ...
considered an effective intervention tool in many domains, such as regulating negative emotions and preventing alcohol or smoking abuse [39,40,41]. Therefore, it might be helpful to acquire psychological resources to engage in goal-oriented behaviors rather than remaining stuck in a mindset of ...
the most meaningful goals arise from our most challenging circumstances You are the only one who can navigate your challenges Setting an unconventional goal can transform an unbearable situation Goal-setting is less about the destination and more about the journey Finding meaning under challenging situat...